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Category Archives: Houston

Stream Developing Medical Building on Katy Freeway

HOUSTON – Stream Realty, in partnership with Wellington Development, will develop a 125,000-SF, five-story medical office building at 1001 Katy Freeway in the Spring Valley Village area. The building, the second medical development in Houston for Stream, will be connected to a seven-level garage adjacent to Campbell Road. Kirksey Architecture designed the building, slated to open in spring 2020. “I’m ... Read More »

More Construction at CityPlace Mixed-Use Development

HOUSTON – (Realty News Report) – A joint venture of Patrinely Group, USAA Real Estate and CDC Houston announced 24 Hour Fitness has signed a long-term lease in CityPlace at Springwoods Village, in north Harris County. “24 Hour Fitness is exactly the type of destination we want at CityPlace to make this an 18-hour urban center,” said Robert Fields, president ... Read More »

EaDo Property Purchased by Investors

HOUSTON – EaDo Properties LP purchased a 100,000-SF tract with four buildings along the Gulf Freeway at Sampson Street on the east side of downtown, near Coyle Street. The site has excellent redevelopment potential that can capitalize on strong momentum in EaDo, said Fred Ghabriel of Bijjani & Associates, which brokered the sale. The seller was Pinemont Properties. The four ... Read More »

Spaces Co-Working Organization Leases 53,000 SF in Post Oak Central

HOUSTON – (Realty News Report) – Spaces, a co-working provider from Amsterdam, has leased 53,000 SF in Post Oak Central for a co-working facility, located on Post Oak Boulevard, just north of the Galleria. Spaces will occupy the first three floors of Two Post Oak Central, owned by Parkway Property Investments. Spaces will open in the fourth quarter of 2019. ... Read More »

63 Warehouses Under Construction in Houston; More on the Way as Industrial Market Heats Up

HOUSTON – (Realty News Report) – Warehouse construction is surging in Houston as strong job growth, improving oil prices and the city’s emergence as a major distribution hub has energized the industrial real estate sector. Sixty-three major industrial buildings are currently under construction and more new space is on the way, according to a new report by the Avison Young ... Read More »

The Future of Downtown Houston’s Skyscrapers: Q&A with Tyler Garrett of Transwestern

HOUSTON – (Realty News Report) – Houston’s central business district’s office market has seen better times With 2 million square feet of sublease space on the market, the downtown availability rate is around 20 percent. In addition, new office towers such as Hines’ new office development on the former Houston Chronicle site will further increase pressure. But downtown still is ... Read More »

The Greening of Houston: Q&A with Park Visionary Guy Hagstette

HOUSTON – (Realty News Report) – Sometimes thought of as a concrete jumble, central Houston is getting greener. From the new offerings such as Discovery Green and Buffalo Bayou, to plans for a more expansive Memorial Park – to say nothing of the revitalized Hermann Park – Houstonians are benefitting from efforts to make the city more beautiful – and ... Read More »

Opendoor Launches Online Home Buying/Selling in Houston

HOUSTON – (Realty News Report) – Opendoor, a San Francisco-based residential real estate company on a mission to revolutionize home buying and selling, will soon close its first sale in Houston since launching in July. As one of the top three housing markets in the country, Houston is ripe for the Opendoor model, said Greg Hiltz, Opendoor City Launcher. “We ... Read More »

Caydon’s 27-Story Apartment Tower Adds to Midtown Mix

HOUSTON – (By Cynthia Lescalleet for Realty News Report) – Housing in Midtown is going up – in both number of residential units and in the height of buildings accommodating them. As the first apartment tower project out of the ground in the redeveloping neighborhood, Australia-based developer Caydon’s $200 million 27-story apartment tower at 2850 Main St. recently hit the ... Read More »

Houston Economy Adds 128,700 New Jobs in Record Surge

HOUSTON – (By Ralph Bivins, Realty News Report) – Some 128,700 new jobs were created in Houston over the last 12 months – one of the largest job gains ever reported by the Texas Workforce Commission. It was the highest 12-month total recorded since the Labor Department started tracking job growth in this way in 1990, the Houston Chronicle reported. ... Read More »

First Home of the Astros: Restoring the Astrodome – Q&A with Judge Ed Emmett

HOUSTON – (Realty News Report) – The Astrodome played an important role in the development of Space City and Houston’s reputation as a can-do city. The Astrodome – formally named the Harris County Domed Stadium – opened in 1965. For decades, it was the home of the Houston Astros, the city’s winning team which is currently competing in the American ... Read More »

The Most Patient Listing in the History of Real Estate? … Maybe

HOUSTON – (Realty News Report) – It may be worthy of a Guinness World Record. The deal wasn’t huge. The location was not sexy. And Lord knows, this was no quick flip. But when it comes to patience in the real estate business, this land sale takes the cake. After having a Pasadena tract of land listed for sale for ... Read More »

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