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Category Archives: Realty News Report

Houston Added 57,000 New Jobs in Last 12 Months

HOUSTON – Houston has gained 57,000 new jobs over the last 12 months, including 4,300 new jobs in June, the Texas Workforce Commission reported. Although Houston has lost jobs in the manufacturing sector, the overall unemployment rate is low. The unemployment rate stood at 4.3 percent in June, an improvement from 5.3 percent a year earlier. Houston gained over 100,000 ... Read More »

Houston Gained 57,000 New Jobs in Last 12 Months

HOUSTON – Houston has gained 57,000 new jobs over the last 12 months, including 4,300 new jobs in June alone, the Texas Workforce Commission reported. Although Houston has lost jobs in the manufacturing sector, where there have been layoffs for the blue-collar workers who produce drill bits and oilfield equipment, the unemployment rate is low. The Houston area unemployment rate ... Read More »

The Texas Real Estate Market Has Not Withered Away

A word on the Lone Star State: The Texas real estate market has not withered away following the remarkable decline in oil prices over the last year. A significant number of new developments are underway in Texas: a $1 billion 750,000 square-foot Facebook data center is under construction in Fort Worth; a 4 million square-foot Daikin HVAC manufacturing plant being ... Read More »

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 »

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