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Category Archives: Houston

Greenway Plaza Adds Retail and Restaurants

HOUSTON – (Realty News Report) – Three retail outlets, Fusion Eats, Green Lane Co., and the Michael Saldana Salon have leased space at Greenway Plaza in the Inner Loop of Houston. Greenway Plaza is a 52-acre development with 11 office buildings totaling 4.9 million SF and other development near the Southwest Freeway and Buffalo Speedway. The Canada Pension Plan Investment ... Read More »

Liberty Property Trust Sells Houston Office Building for $30.5 Million

HOUSTON – Liberty Property Trust sold the Legacy at Fallbrook office building, a 206,000-SF office property at 10720 West Sam Houston Parkway North. The five-story building has 43,300-SF floor plates. The buyer, Exeter Property Group, paid $30.5 million for the building, which sits on a 13-acre tract in northwest Houston. Liberty Property Trust completed the building in 2015, just as ... Read More »

UH’s Bill Gilmer: Houston Not a Good Match for Amazon, Anyway

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Houston reigns as the “center of the universe for plastics” but the city is not the logical choice for Amazon’s second headquarters, says University of Houston economist Bill Gilmer. “We’re not a match in terms of our labor force,” Gilmer told the Greater Heights Area Chamber of Commerce in a ... Read More »

Report: Houston Must Add 214,000 New Apartments by 2030

HOUSTON – (By Dale King, Realty News Report) – “We live in an age of disruption, and the multifamily industry, historically slow to adapt to change, is especially at risk.” A newly released report from the National Multifamily Housing Council (NMHC) offers that grim assessment of the herculean task facing the apartment industry. The council’s research says 4.6 million new ... Read More »

Lee Says Tenant Sentiment is Up: ‘They are Excited and They are Looking at Space’

HOUSTON – (Realty News Report) – West Texas Intermediate crude is $64 a barrel, oil well drilling activity is increasing and the Houston commercial real estate market is feeling good about it, according to a major player in the city’s industrial property scene. “The sentiment of our clients – and we have a lot of oil and gas clients – ... Read More »

Hertz Investments Group Buys Westchase Building

HOUSTON – (Realty News Report) – Hertz Investment Group of California purchased the 10-story Westchase Park Plaza office building at 11490 Westheimer in Houston. The seller of the 232,000-SF building was an entity affiliated with Parmenter Realty Partners of Miami. The $24 million deal is the first in Texas for Hertz, a Woodland Hills, Calif.-based office investment firm founded in ... Read More »

Cotton Holdings Moves HQ to CityCentre

HOUSTON – (Realty News Report) – Cotton Holdings is relocating its global corporate headquarters to Midway’s CityCentre development in west Houston, near the intersection of Beltway 8 and the Katy Freeway. Cotton is subleasing 11,751 SF from PDS Americas in the CityCentre Four building. Cotton, which has a campus in Katy, was started 20 years ago as a disaster restoration ... Read More »

Why Houston Lost the Amazon Race

HOUSTON – (By Ralph Bivins, Realty News Report) – Mayor Sylvester Turner called it correctly. It’s a “wake-up call,” the mayor said, and “there’s a lot of work that still needs to be done.” Mayor Turner was bemoaning the embarrassing defeat Houston suffered in the Amazon HQ2 sweepstakes. On Thursday, the Seattle-based firm announced the 20 cities selected as finalists ... Read More »

Out of the Deep Freeze: Houston Real Estate is Heating Up in 2018

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – As 2018 began, institutional investors are focused on Houston again, while the industrial and multifamily markets still have room to run. In short, the forecast for Houston commercial real is good, according to experts at the BoyarMiller Annual Commercial Real Estate Forum at the Briar Club Thursday. Despite two missed ... Read More »

New Owner of West Oaks Mall Buys Former Macy’s Store

HOUSTON – (Realty News Report) – The shuttered Macy’s store at West Oaks Mall has been purchased a unit of Metha Investments, which purchased the remainder of the west Houston regional mall last year. Macy’s has closed a number of stores around the nation as part of an industry-wide trend that have called the “Retail Armageddon” – a shakeout in ... Read More »

Hurricane Harvey Destroyed Your Home? – Pay Property Tax Anyway, Elected Officials Insist; Disaster Provision Ignored

HOUSTON – (By Ralph Bivins, Realty News Report) – Elected officials are responding with deaf ears, blind eyes and cold hearts to the victims of Hurricane Harvey. Owners of properties demolished by Hurricane Harvey will have to pay as much in taxes as the owners of properties in perfect condition, unless government officials take action soon. Houstonians who own structures ... Read More »

Houston Hurricane Update: Tax Breaks and Federal Funding to Continue Recovery Explained as Cruz Visits City Hall

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Houston and its hurricane victims can look forward to tax breaks and massive federal funding to continue the city’s recovery, elected officials say. An update was presented Friday afternoon at Houston’s City Hall by U.S. Sen. Ted Cruz and Mayor Sylvester Turner. “Sen. Cruz introduced the Hurricane Tax Relief bill ... Read More »

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