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Category Archives: Houston

54,200 Jobs Created in Houston Economic Rebound, New Report Says

HOUSTON – The Houston area economy added 54,200 new jobs over the last year, one of the strongest job growth reports since job growth tailed off in 2015, according to the Texas Workforce Commission. The report covered a 12-month period ending July 31, 2017. Houston’s unemployment rate in July was 4.9 percent, down from 5.3 percent in June and 5.8 ... Read More »

Clay Starts Spec Building in Northwest Houston

HOUSTON – Clay Development & Construction has broken ground on the 293,280-SF Cutten Distribution Center I on 16.2 acres at 11833 Cutten Road in Northwest Houston. Jim Foreman, Beau Kaleel and Allison Bergmann of Cushman & Wakefield are handling sales and leasing for the spec building, which is south of West Greens Road. It is the fifteenth building in Cutten ... Read More »

Designing the World’s Most Expensive High School Football Stadium

KATY, Texas – (By Michelle Leigh Smith) – In the spirit of `Go big or go home,’ the Katy community stood tall as they had the first look at the new $72 million Legacy Stadium, reportedly the most expensive high school stadium ever built. One of the first clues that you’ve entered an exceptional venue is architect HKS, Inc.’s Way-Finding ... Read More »

New Tenant Amenities Added at 64-Story Williams Tower

HOUSTON – Hines, the international real estate firm, and Invesco Real Estate, a global real estate investment manager, have announced the completion of a new fitness center at Williams Tower, the 64-story office building owned by Invesco Real Estate in Uptown Houston. The Fitness Center at Williams Tower, a members-only fitness facility serving the tenants of Williams Tower offers private ... Read More »

Bauer-Pileco Building New HQ in Conroe, Texas

CONROE, Texas – Bauer-Pileco, a global provider of foundation equipment and support to the foundation construction industry,  will build a 78,774 SF facility in Conroe Park North for the company’s new North American headquarters. The new location, with three stories of office space, warehouse and service building space, will be built by KDW, the Houston-based design/build general contractor. Construction at ... Read More »

Vigavi Realty Finds Niche for Free-Standing Industrial Buildings Near Port of Houston

HOUSTON – Vigavi Realty will break ground on two speculative industrial buildings in Pasadena, meeting a demand for freestanding industrial properties in southeast Houston, JLL reports. The Vigavi firm just completed a 36,000-SF design build project at Fairmont Industrial Center, 11802 Fairmont Parkway in La Porte. HydroTex, a Chicago-based pump systems and engineering services firm, owns and occupies the freestanding ... Read More »

Texas Construction Powerhouse: Dallas No. 1; Houston is No. 2 in Single-Family Starts

HOUSTON – Building is bigger in Texas. Dallas is No. 1 in the national rankings of housing starts and Houston is No. 2, according to Metrostudy Inc. The Dallas-Fort Worth area had 31,049 single-family home starts for the 12-month period ending June 30. Houston was second with 27,114 starts. The two Texas cities had ranked at the top of the ... Read More »

Cypressbrook Development Breaks Ground on Apartments in College Station

HOUSTON – Cypressbrook Development Co. of Houston has broken ground on Ariza College Station, a 266-unit apartment community in College Station, northwest of Houston. The project will be located just east of the Highway 6 bypass off of Harvey Road or State Highway 30 about 2.5 miles west of the Texas A&M University campus. Led by Michael Novelli, Cypressbrook Development, ... Read More »

Apartment Developers Kicking Off Another Round of Construction Starts in Downtown Houston

HOUSTON – Developers are preparing to start building another round of high-rise residential towers in downtown Houston, where apartment vacancy has been rising as hundreds of new units are being completed and put on the rental market. The next two projects to be started are expected to be a 21-story, 271-unit apartment tower by Camden Property Trust and a 40-story ... Read More »

Australian Group Buys Midtown Parcel

HOUSTON – Caydon Property Group of Australia has acquired a 41,000-SF parking lot at Main and McGowen, extending its holdings in Houston’s Midtown area. Caydon is planning to build a 26-story, 357-unit residential tower a block away. Caydon acquired the land from Current Standing Developments, a Houston firm led by Brent Friedman. Friedman’s firm is redeveloping the Mid-Century Modern building ... Read More »

Transwestern’s Kevin Roberts: Entering the New Era of Houston’s Office Market

Mention Houston real estate to an out-of-towner and chances are they’ll ask about empty office buildings in the world’s energy capital. But while the Space City’s office market continues to struggle and there is significant sublease space available, things are not as dire as others would have you believe. To find out some of the bright spots in Houston’s office market, Realty News Report talked with Kevin Roberts, President, Southwest ... Read More »

Los Angeles Firm Acquires Houston Retail Project

HOUSTON – Westwood Financial Corp. acquired the Market at Lake Houston, a 102,000-SF retail center in the Atascocita area in northeast Houston. It is anchored by an H-E-B grocery. Rusty Tamlyn and Ryan West of HFF marketed the property, located on FM 1960 East. “This center garnered a wide level of interest, given its strong H-E-B sales and that very ... Read More »

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