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Category Archives: Realty News Report

ULI Panel: Sustainability Built Into the Future of American Real Estate

(By Bruce Nichols, Realty News Report Contributor) HOUSTON – Real estate markets are on the cusp of a generational change as younger buyers, renters and investors demand environmental sustainability, and satisfying them will require both market responsiveness and better government policy, a panel agreed at the Urban Land Institute meeting in Houston. “This whole generation, (sustainability) is what they talk about,” ... Read More »

Houston’s Top 17 Catalyst Deals of the Year

HOUSTON – Houston realty outscored the nation in most categories last year. The city has more than 17 million square feet of office space under construction, far more than any other city. And it had more single-family housing starts than any other market in the nation last year. Plus, existing single-family sales are on a record-setting pace. While adding 125,000 ... Read More »

Houston Gains 125,000 Jobs – Best Job Growth Since 1981

HOUSTON – Don’t write off the Houston economy just yet. Demonstrating the healthiest hiring pattern in 33 years, Houston created 125,300 jobs in the last 12 months. It was the strongest job growth for Houston since August 1981 when 127,700 jobs were added. Over the last year, Houston’s strongest sectors for hiring were energy and construction. Houston has been leading ... Read More »

Hearst Selects HFF to Market Houston Chronicle Downtown Property

HOUSTON – Hearst Corp. has selected the HFF commercial real estate brokerage firm to handle the sale of its Houston Chronicle property in downtown Houston. Hearst interviewed a number of Houston’s leading commercial real estate brokers before selecting HFF, a national firm with a strong local office. The 10-story Chronicle building, 801 Texas Ave., covers a full city block and ... Read More »

DATELINE HOUSTON: Oil Prices and Real Estate

HOUSTON – Texas real estate will be unscathed by the significant decline in oil prices this fall, although the topic is getting a lot of buzz in Houston, known as the “Energy Capital of the World.” Oil prices are a sensitive topic here. Houston was the place where the battle cry of the business community once was “$90 in ‘90” ... Read More »

Houston Leads Nation with 112,000 New Jobs (Marcus & Millichap Forecast Nailed the Number Dead-On)

(Commentary by Ralph Bivins) – Houston leads the nation in job growth with 112,200 new jobs created for the 12 months ending in July – almost exactly what one research group forecasted. That represented a 4 percent gain for Houston’s job market to top the nation’s major metropolitan areas, followed by Dallas/Fort Worth at 3.9 percent and Miami at 3.3 ... Read More »

City of Houston Rejecting John Beeson’s High Bid of $40 Million for Tract Near Downtown Houston

(COMMENTARY By Ralph Bivins) The City of Houston is considering skipping over the highest bidder in selling off a prime development tract, just west of downtown. The 10.5-acre city-owned tract, which is vacant, is located on West Dallas at Gillette.  The West Dallas area has been ground zero for a boom in multifamily development in recent years. Alliance Residential, a ... Read More »

EastGroup Properties REIT Buys Austin Industrial

AUSTIN – EastGroup Properties acquired the Centerpoint @ Colorado Crossing, a 265,099-square-foot, four-building industrial complex in east Austin. The transaction was announced by CBRE. The Class A development was constructed in 2009 and is 100 percent leased. The four buildings are made up of an average of 24 prcent office and 76 percent light industrial. Centerpoint @ Colorado Crossing is located on ... Read More »

Bivins: The Texas Condo Boom Gives Me the Heebie-Jeebies

Commentary By Ralph Bivins, Editor I just got a little worried about the Texas real estate market today. Why? The answer can by summed up in one word: “Condos.” The Texas Association of Realtors released a stud Tuesday saying condos “were the fastest growing segment of the Texas housing market during the first half of 2014.” The study is well ... Read More »

Metrostudy: Houston New Home Sales Up 15 Percent; Construction Starts Up 9 Percent

HOUSTON – Houston new home construction continues to roll ahead briskly as starts increased 9 percent in the first quarter over the comparable period of last year, according to Metrostudy. A short supply of lots is holding builders back and labor shortages elongate delivery times. Many tradesmen left the industry during the recession and Houston builders have a hard time ... Read More »

The Boom is Not Over for Houston, So Why are Local Economists So Negative?

Commentary by Ralph Bivins, Editor, RealtyNewsReport: Houston is No. 1 in the nation in job growth.  So why are Houston’s local economists forecasting a puny 2014? Houston added 82,000 jobs in 2013, a 3 percent gain over the previous year, according to the U.S. Bureau of Labor Statistics. The number will be revised, probably downward, but Houston will remain an economic star. ... Read More »

AEW Capital Buying Majority Stake in Heritage Plaza in Downtown Houston in $400 Million Deal at About $413 per SF

HOUSTON – AEW Capital has agreed to acquire a controlling interest in the 53-story Heritage Plaza, according to the authoritative Real Estate Alert newsletter. The 1.15 million-sf building, known as one of Houston’s most distinctive towers because its top resembles a Mayan temple, is valued at approximately $475 million.  AEW, a Boston-based investment manager, is believed to be acquiring at ... Read More »

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