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Category Archives: Houston

Gibbs & Bruns Law Firm Leases Space at 1100 Louisiana

HOUSTON – (Realty News Report) – Colvill Office Properties has closed on a 40,836-SF, long-term office lease renewal to Gibbs & Bruns, LLP at 1100 Louisiana, a 1,265,332-SF Class A office building in downtown Houston. Gibbs & Bruns, a litigation boutique engaged exclusively in high-stakes business and commercial litigation, has occupied the two full floors since 1999. In 2017, the ... Read More »

McDermott Leases Large Office Tower in the Energy Corridor

HOUSTON – (Realty News Report) – McDermott International Inc. has signed a 524,323-SF lease for the entire Energy Center Five building, an 18-story property in the Energy Corridor. The building will serve as the new corporate McDermott headquarters and will consolidate approximately 1,700 employees across five locations in the Houston area into the new building. The office tower was completed ... Read More »

Avera Buys 40 Acres for Major Industrial Project

HOUSTON – Avera, a commercial real estate development, construction and investment firm, acquired 40 acres to develop Cedar Port Logistics. Plans for the development will include a building that will be between 610,000 and 2,262,000 SF. The site, located in Cedar Port Industrial Park, is located east of the Port of Houston, on the north side of Highway 99. John ... Read More »


HOUSTON – (Realty News Report) – The strength of the Texas housing market continued in October with home prices increasing for the second consecutive month, according to the HomesUSA.com. Average new home prices rose statewide to $357,547 in October from $355,821 in September. The Dallas-Ft. Worth market takes top billing with the highest new home price at $374,871 and remains ... Read More »

Meritage Homes Leases Space in New Worth & Associates Office Project

SAN ANTONIO – (Realty News Report) – San Antonio commercial real estate developer Worth & Associates has secured Meritage Homes as the anchor tenant for its new Inwood Village office complex under development in San Antonio. The 77,000-SF office project is currently under construction at 2722 Bitters Road in North Central San Antonio. Meritage Homes leased 16,000 SF in the ... Read More »

Dallas No. 1, While Other Texas Markets Strong in Real Estate Investment Potential

HOUSTON – (Realty News Report) – With Dallas-Fort Worth ranked No. 1 in the nation, Houston is a real estate market on the rise and “has it all” as cited in the investment market rankings of Emerging Trends in Real Estate 2019 by PwC and the Urban Land Institute. Houston posted No. 37 of 79 U.S. cities, which is a big improvement ... Read More »

Multifamily Market Update: The Recovery From Hurricane Harvey

HOUSTON – (By Dale King, Realty News Report) – The Houston metropolitan area has spent more than a year battling back from the destructive footprint left by Hurricane Harvey midway through 2017. And the effort to recover continues to succeed, says the Q3 2018 Houston Multifamily Report from Berkadia Real Estate Advisors, LLC. “The impact of Hurricane Harvey and the ... Read More »

Parkway Building 600-Car Garage Next To Greenway Plaza’s Phoenix Tower

HOUSTON – (Realty News Report) – An eight-level parking garage with 600 spaces will be built adjacent to the 34-story Phoenix Tower in Greenway Plaza near the Southwest Freeway at Buffalo Speedway. Construction will begin before the end of the year and be complete in late 2019, according to Greenway Plaza operator Parkway Property Investments, LLC. The new 247,000-square-foot garage ... Read More »

Houston Company Leases 284,000 SF in Skanska Building Under Construction in Downtown

HOUSTON – (Realty News Report) – Waste Management has signed a 15-year lease with for 284,000 SF in Skanska’s Capitol Tower, which is under construction in downtown Houston. Waste Management will move its headquarters from 1001 Fannin to the Skanska building in 2020. With this lease, the office portion of the building is now 72 percent leased. The 35-story office ... Read More »

The State of Houston’s Office Market: Q&A with Dan Boyles of NAI Partners

HOUSTON – (Realty News Report) – Houston’s office market remains challenging. The sector is seeing high vacancy, although leasing velocity has picked up somewhat in recent months. During the third quarter of 2018, according to NAI Partners, Houston’s office market had a vacancy rate of 21.5 percent, representing some 50 million SF of vacant space. NAI reports 8.8 million SF ... Read More »

New Retail Center Planned for Fulshear Site

HOUSTON – Capital Retail Properties of Houston is developing a 17,200-SF retail center at FM 1093 and 359 in Fulshear, west of Houston. Gensler designed the center, expected to break ground in the fall of 2019. The developer purchased five acres and will sell pad sites. According to Capital Retail Properties’ Connor Lynch, who is overseeing leasing with associate Jacob Weersing, ... Read More »

The Future of the Home Building Market: Q&A with David Weekley

HOUSTON – (Realty News Report) – Housing starts in the Bayou City are exceptionally strong. According to national research firm Metrostudy, Houston was the second highest volume new-home market in the country; only Dallas/Fort Worth reported a greater number of home starts over th last 12 months. Still, many would be homebuyers are priced out of the market nowadays. What’s ... Read More »

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