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Category Archives: Houston

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 »

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 »

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