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Winning Streak Continues: Houston Home Sales Up in January

HOUSTON – Following up on the strongest year ever for home sales in Houston, the winning streak continues in the new year with single-family sales rising in January 2017. The Houston Association of Realtors reported 4,080 single-family homes were sold in January, up 1.7 percent from the 4,011 sold in January of 2016. Last month was the second-best January in ... Read More »

Neighbors Health Leases New HQ in Westchase

HOUSTON – Houston-based Neighbors Health, LLC has relocated its corporate headquarters, leasing 98,000 SF in Richmond Park Westchase, 10800 Richmond Ave. The five-story office building is operated by Zenith Real Estate Group. The headquarters of Neighbors, which operates Neighbors Emergency Centers, had been located in the Pearland Town Center. The health firm has subleased the Pearland space, says Colliers International’s ... Read More »

Gov. Martin O’Malley to Speak at Rice Kinder Institute for Urban Research Forum in Houston

HOUSTON – Martin O’Malley, who ran for the Democratic presidential nomination last year,  will be speaking in Houston next week at the Rice University Kinder Institute for Urban Research forum. The Forum will be held 6:30 PM at the Museum of Fine Arts, 1001 Bissonnet on Wednesday Feb. 15. O’Malley served as the 61st governor of Maryland from 2007 to ... Read More »

Houston Retail Centers Immune to Woes in the Energy Industry

HOUSTON –  (By Dale King) – To the casual onlooker, Houston’s retail market appeared to taking some majors hit in 2016. In just the first six months, 11 Sports Authority stores closed as part of a chain-wide shut-down. Four Fresh Market groceries in Houston were shuttered, as were two Walmarts, including a Supercenter on FM 1960, says a year-end report ... Read More »

John Goff: Six Houston Center Skyscraper Still Planned, But Groundbreaking Not Expected Soon

HOUSTON – Six Houston Center, a proposed downtown skyscraper, is still on the drawing boards, but it’s too soon to start building the new office tower, says the project’s developer, John Goff, chairman of Fort Worth-based Crescent Real Estate Equities. A few years ago, Crescent proposed to build the 29-story Six Houston Center tower on its block of land on ... Read More »

Space City’s Astrodome: The Landmark That Embodies the Soul of Houston

HOUSTON – (By Ralph Bivins) – The Astrodome – an accomplishment in engineering that symbolizes Houston’s can-do spirit – has just been designated as a “State Antiquities Landmark” by the Texas Historical Commission. The world’s original air-conditioned domed stadium, the Astrodome was baptized in its first game by Mickey Mantle who hit the Dome’s first home run on April 9, 1965 ... Read More »

Vista’s Patty Bender – Q&A on Houston Shopping Centers: New Grocers, New Restaurants and Trends

HOUSTON – (By Michelle Leigh Smith) – Patty Bender, long time Houston-based executive in the shopping center industry, joined Vista Private Equity Group as a partner after a 33-year career with Weingarten Realty Investors. Vista Equities Group is part of the Vista Companies, a Houston-based real estate services group led by veteran  Texas developer Woody Mann. Vista focuses on the ... Read More »

Energy Investment Firm Buys Houston Office Building

HOUSTON – Post Oak Energy Capital, a Houston-based private equity firm, has acquired a 27,000-SF office building in the Riverway submarket in Houston. The three-story building, which was developed by Midway Cos. in a joint venture with Charles Grube, is located at 34 South Wynden Drive, near the Uptown District. Years ago, the building served as the headquarters of Midway. ... Read More »

Colliers’ Duffy: ‘The Bleeding Has Stopped’ for Houston Office Market

HOUSTON – The Houston office market – the primary casualty of the oil bust – appears to be in a recovery mode following a couple of rough years, according to the President of Colliers International Houston. “We are comfortable that the bleeding has stopped,” said Patrick Duffy, head of the Houston office of the commercial real estate firm. Duffy, speaking ... Read More »

NGKF: Another Year of Rising Vacancy Ahead for Houston Office Market

HOUSTON – The Houston office market, although there are positive signs that healing is on the way, will see an increase in the overall vacancy rate in 2017, according to the Newmark Grubb Knight Frank real estate firm. After ending 2016 with a 19.6 percent office vacancy rate, the Houston market will see a slight increase to 20.1 percent by ... Read More »

Houston Could Be Headed for “Golden Era of Growth” – Tyler Mathisen Tells Colliers

HOUSTON – Stronger oil prices and the Trump administration’s pro-energy stance could be very good for the Houston economy, says financial broadcast journalist Tyler Mathisen. Mathisen, keynote speaker at Colliers International’s Trends 2017 event at the Houston Country Club Tuesday night, said President Donald Trump is putting pro-growth stamp on the nation in his first days in office. Trump completely ... Read More »

ULI Announces Winners in Houston’s Development of Distinction Awards

HOUSTON –– Moody Rambin Interests’ Towne Center development won top honors in the for-profit category in the won Houston District Council of the Urban Land Institute (ULI) Development of Distinction Awards, which were announced Tuesday night in downtown Houston at the Rice Crystal Ballroom. The MATCH (Midtown Arts and Theatre Center Houston); Buffalo Bayou Park and McGovern Centennial Gardens were ... Read More »

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