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Category Archives: Houston

Fidelis Realty Expected to Build H-E-B Store at Meyerland Plaza

HOUSTON – (Realty News Report) – H-E-B Grocery Co. is expected to announce the construction of a new 100,000-SF store at Meyerland Plaza, a retail center at the southwest corner of Loop 610 and Beechnut, Realty News Report has learned. The new Meyerland store will help H-E-B to fill a void that arose when the H-E-B at Chimney Rock and ... Read More »

Houston’s Economy is Resilient, Economist Says

HOUSTON – (By Michelle Leigh Smith) – Houston is a beast with a tough hide and spirit that won’t give up when the going gets tough, says economist Dr. Mark G. Dotzour. Dotzour, the keynote speaker at NAI Partners recent annual Texas Economic Outlook, praised the resiliency of the Houston economy. “This city can still compete mano y mano, heads ... Read More »

NAI Fund Buys Retail Center from MetroNational

HOUSTON – The NAI Investment Fund has acquired the Spring Park Village retail center from MetroNational Corp. The 76,409-SF Spring Park Village retail center is located on the north side of Houston at the intersection of Interstate 45 Cypresswood Dr, south of the Grand Parkway. The center is the first retail property acquired by the fund, which is the investment ... Read More »

Another New Apartment Project Opens in Downtown Houston

HOUSTON – (Realty News Report) – Construction is wrapping up for the Allied Orion Group apartment development, Eighteen25, in downtown Houston. The project is designed by Houston-based Meeks + Partners, and includes eight floors of apartments over three levels of parking. It is near the Pierce Elevated and the Co-Cathedral of the Sacred Heart. The new multifamily community, 1825 San ... Read More »

Meritage Homes Leases Westchase Office Space

HOUSTON – (Realty News Report) – Meritage Homes of Texas, LLC has leased 22,032 SF at 3250 Briarpark in Houston’s Westchase area. Meritage, based in Scottsdale, Ariz., which sold 1,969 homes in the third quarter is the third-largest home builder in the nation. Transwestern Executive Vice President David Baker of Houston and Associate Jack Scharnberg represented the landlord in the ... Read More »

Report From La La Land: The Dodgers, Astros and the ULI Conference

LOS ANGELES – (By Ralph Bivins, Realty News Report) – “You here for the World Series?” the Uber driver asked me as he guided the car in bumper-to-bumper traffic to Downtown Los Angeles from the airport. “You must be rootin’ for the Astros,” he added, “since you look like a guy from Houston.  Well, sit back and relax.  Traffic is ... Read More »

Supply, Demand and Damage: Hurricane Harvey’s Impact on Real Estate Prices

HOUSTON – (Realty News Report) – How will Hurricane Harvey impact Houston’s real estate prices? It’s been two months since the Category 4 storm hit Texas and dropped 50 inches of rain on Houston. To know exactly how the storm impacted prices, we will have to wait until more flooded properties actually sell, says Houston valuation firm Deal Sikes & ... Read More »

Dallas Investor Buys Houston Building

SUGAR LAND, Texas – Velocis, a Dallas-based private equity real estate manager, acquired Two Sugar Creek, a 143,000-SF office building on the southwest side of Houston. The seller, TA Realty, was represented by HFF. The six-story building, built in 1999, is located off of Dairy Ashford Road, near the intersection of U.S. Highway 59 and U.S. 90. It is 85 ... Read More »

Tilman Fertitta and His New Houston Project: Q&A with Realty News Report

HOUSTON – (Realty News Report) – Galveston-born Tilman Fertitta, who has lived in Houston his entire adult life, has been in the news lately with his $2.2 billion purchase of the Houston Rockets.  But the 60-year old has been a business dynamo for years. He is the sole owner of Fertitta Entertainment which owns not only the NBA’s Houston Rockets, but also the restaurant and hospitality giant Landry’s, ... Read More »

3 Million SF Industrial Project Underway Near Ship Channel in Baytown

HOUSTON – (Realty News Report) – Houston-based Pontikes Development is set to break ground on Port 10 Logistics Center, a rail-served industrial development with 3 million SF of warehouse and distribution space on Interstate 10, near the Houston Ship Channel. The 246-acre development will be located at the southeast corner of Thompson Road and I-10 in Baytown. The first phase ... Read More »

Rice University Supporting Houston’s Bid For Amazon’s Massive Second Headquarters

HOUSTON – Rice University, which controls the old Sears store and almost 10 acres surrounding it in Houston’s Midtown district, is supporting Houston’s effort to secure Amazon’s massive “second headquarters.” Thursday is the deadline for cities to submit proposals to Amazon to secure the $5 billion headquarters, which will have 50,000 employees and 8 million square feet of office space ... Read More »

TransCanada Moving Into Downtown Tower as Bank of America Moves Out

HOUSTON – The 56-story Bank of America Center is losing its namesake financial tenant. But the noteworthy tower is quickly finding other tenants for the 1.2 million SF skyscraper. TransCanada has signed a lease to expand its office space by 82,916 SF on three floors in the tower, 700 Louisiana. Now TransCanada, which acquired Columbia Pipeline Group in 2016, will occupy a ... Read More »

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