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Category Archives: Realty News Report

Houston is No Place for Vulture Funds: The Q&A With John Fenoglio

Over the past 12 months, energy prices have declined to prices not seen in years.  So what about real estate? Are deals still getting done?  Is the sector returning to the energy disruption Houston experienced in the 1980s when the city was home to ‘see through’ buildings – structures that had no tenants?  To find out, Realty News Report talked ... Read More »

CBRE: ‘Landlords are Nervous’ About Upcoming Challenges in Houston Office Market

HOUSTON – The third-quarter statistics for the Houston office market showed some improvement, but the market is waiting for the other shoe to drop. Third quarter numbers from CBRE showed Houston’s average office rental rate of $27.74 was up 6 percent from a year ago. Other positives: 1.5 million SF was absorbed in quarter, raising the year-to-date absorption to 3.6 ... Read More »

Hines Buys Houston Chronicle Property in Downtown Houston

HOUSTON – The Hines development firm has acquired the Houston Chronicle’s downtown property, which is viewed as a potent high-rise development site for the future after the old newspaper building is demolished. “Given the site(s) adjacency to the business and theater districts and the proximity to Market Square, we consider this one of the most strategically-connected locations for future development ... Read More »

Best September Ever for Houston Home Sales

HOUSTON – In the strongest September on record, the Houston Association of Realtors reported 6,691 single-family homes were sold in September, a 3.5 percent increase over September of last year. However, HAR reports a slight decrease in “pending sales” a statistic that indicates sales activity could be slowing. Traditionally home sales slow down in the fall, as the holiday seasons ... Read More »

Texas Leasing Magnate: The Q & A with Chip Colvill

Colvill Office Properties is an owner’s representative company specializing in office building leasing in Houston and Dallas. Colvill’s high-profile Houston assignments include Hines’ 48-story spec project under construction on Main Street and Frank Liu’s redevelopment of the downtown Post Office property. Colvill currently oversees a large portfolio of Class A office space in the nation’s fourth largest city and the ... Read More »

Making Mixed-Use Work in Downtown Houston: The Q&A with Jane Page of Lionstone Investments

With more than 570,000 square feet of office and retail space, GreenStreet is one of the most interesting developments in downtown Houston.  Two weeks ago, Lionstone Investments, a privately-owned, Houston-based real estate investment firm, purchased an interest in the GreenStreet development, which was known as Houston Pavilions when it opened about seven years ago. GreenStreet, which has entertainment venues, restaurants ... Read More »

Construction Cranes: Houston’s Endangered Species? The Q&A with Michael Scheurich of Arch-Con Corp.

With its continued dependency on the energy sector, Houston has been greatly affected by the downturn in the oil and gas industry. No where is this more evident than in the cranes that dot the Houston landscape. To gauge the health of the construction sector, Realty News Report talked with Michael G. Scheurich, President & CEO of Houston-based Arch-Con Corporation, a Texas-based general contractor ... Read More »

Oil and The State of the Houston Office Market: The Q&A with Kevin Roberts of Transwestern

Beginning with Allen Brothers who founded the city,  Houstonians have been an optimistic bunch.  In recent years, since the end of the Great Recession, energy and real estate entrepreneurs exuded boundless optimism about Houston – and with good reason. With the price of a barrel of West Texas Intermediate crude rising to triple digits, the sky seemed to be the ... Read More »

Retail and Real Estate: The Q&A with Vista Equities Group President Woody Mann, Jr.

  With energy prices in turmoil and layoffs mounting, there is obvious concern in in the Houston real estate industry. Realty News Report talked to Woody Mann, Jr., President, Vista Equities Group about the current situation. Founded in 1985, Houston-based Vista has been involved in the acquisition and/or development of 58 commercial properties with a market value of over $500 ... Read More »

Best August Ever for Houston Home Sales, Despite Last Month’s Plunging Oil Prices

HOUSTON – The Houston Association of Realtors reported 7,454 single-family homes were sold last month – the best August on record and the eighth best month ever for the city’s housing market. Sales so far this year indicate that homes are selling at the nearly same pace as last year –an impressive rate considering that 2014 was the best year ... Read More »

Colliers: $3 Billion in Medical Development Underway in Houston

HOUSTON – Health care construction is surging in Houston. Some $3 billion is being spent to expand and construct hospitals, medical office buildings and specialized medical facilities throughout the Houston area, according to Colliers International. Almost 800,000 square feet of medical space is under construction. “Positive changes in the industry due to the Affordable Care Act, and the continued increase ... Read More »

Lovett Redeveloping “One of the Most Important Tracts in the City of Houston”

HOUSTON – Lovett Commercial, a Houston firm led by veteran developer Frank Liu, has acquired the downtown U.S. Post Office property, a key 16-acre redevelopment site overlooking Buffalo Bayou. Lovett is expected to develop a mixed-use project with retail, residential and office on the Post Office site, 401 Franklin Street. The Post Office redevelopment is the most important project ever ... Read More »

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