Thursday , 21 September 2017
Breaking News

Back in Business: 77,500 Self Storage Units Reopened in Houston by Public Storage After Hurricane Harvey

HOUSTON – Public Storage announced Monday that all 115 of its self-storage properties previously closed due to severe weather conditions related to Hurricane Harvey have been reopened. The reopened properties cover 8.4 million SF and more than 77,500 storage units in the Houston and nearby  communities. In addition, Public Storage has opened its 116th facility in Houston, located at Highway ... Read More »

Hurricane May Create Rising Apartment Rents and a “Short-Term Housing Shortage” in Houston Apartment Market

HOUSTON – (By Dale King) – Hurricane Harvey will place upward pressure on apartment rents in Houston and move the city toward the possibility of a “short-term housing shortage” as thousands of multifamily units were damaged or destroyed, according to the Yardi Matrix multifamily data firm. The prevailing trends in many parts of the Houston apartment market have produced an ... Read More »

Eldridge Place Among the Energy Corridor Buildings Damaged by Harvey Flood Waters

HOUSTON – Office buildings in Energy Corridor district of west Houston have been facing high water in the aftermath Hurricane Harvey. Many streets in the Energy Corridor are flooded and evaluation of property damages  are not complete. Eldridge Place, a three-building, 825,000-SF office complex at the southwest corner of Memorial Drive and N. Eldridge Parkway in the Energy Corridor, has ... Read More »

Uncharted Waters: Flood Waters to Flow Over Addicks Dam Spillway in West Houston for the First Time

HOUSTON – For the first time, water will start flowing over the spillway of the Hurricane Harvey-pressured Addicks Dam near the Energy Corridor of Houston into Houston neighborhoods, according to Jeff Lindner, meteorologist with the Harris County Flood Control District. The “uncontrolled” flow of water over the spillway will contribute to flooding along Buffalo Bayou, which flows through downtown Houston ... Read More »

Aramco Building on West Loop to Be Leased by Lee & Associates

HOUSTON – Lee & Associates – Houston, a nationwide leader in commercial real estate services,  has been selected by Aramco Services Company,the U.S- based subsidiary of Saudi Aramco, to be the exclusive leasing agent of 9009 West Loop South, a 419,260-SF near the Bellaire community. Lee & Associates – Houston’s Lee Jeane, director, and Chris Lewis, managing principal, will lead ... Read More »

Colvill Office Properties to Handle Leasing of Beltway Lakes III

HOUSTON – Radler Enterprises has appointed Colvill Office Properties as its exclusive leasing agent at Beltway Lakes III, a Northwest Houston office building in the Beltway Lakes development located at the intersection of Beltway 8 and Highway 249. The nine-story, LEED Gold Certified office building features over 260,000 square feet of Class A office space. Brad Beasley and Cameron Colvill ... Read More »

Dallas Near Top of Worldwide Office Construction Boom

DALLAS – (By Dale King) – An “unprecedented office building boom” is now under way across the globe, with more than 700 million square feet of space now under construction; offices that should be completed by the end of 2019, reports Cushman & Wakefield’s Global Office Forecast. Dallas is at the forefront of the blitz. In fact, Big D “is projected ... Read More »

Houston’s Bullet Train Station Should Be in Downtown, Not Northwest Mall – Commentary

HOUSTON – (Commentary by Ralph Bivins) Houston is about to make a huge mistake with the development of its high-speed train to north Texas. The proposed Texas Central 200 mph rail line that will run from Houston to Dallas has a lot of good things about it. The train will be good for transit, good for the economy and it ... Read More »

The Silver Lining to Softness in the Energy Corridor Office Market

HOUSTON – The Energy Corridor office market in west Houston has struggled in recent years, following a decline in energy prices and industry layoffs. Vacancy is high and the supply of sublease space has soared. The softness in the office market has a silver lining for tenant companies. It’s a chance to lock-in affordable rent. Other companies are electing to ... Read More »

Major Lease at One Shell Plaza Opens the Door for Upgrade at GreenStreet

HOUSTON – NRG, an electric power company, is moving its Houston offices into 431,000 SF in the 910 Louisiana tower, a 50-story downtown tower that has been known for years as One Shell Plaza. NRG will be vacating its existing offices in GreenStreet mixed-use complex in downtown where NRG occupies about 250,000 SF of office space. The owners of GreenStreet ... Read More »

Porter Hedges Law Firm Elects to Stay in Downtown Houston

HOUSTON – Porter Hedges LLP, a Houston-based law firm, has renewed its 105,000-SF lease in the 1000 Main building in downtown Houston. CBRE’s Charles Gordon, Brandon Clarke, Paul Penland and Ryan Roth represented Porter Hedges in lease negotiations with the landlord, 1000 Main LLC, which was represented by Wade Bowlin with PM Realty Group. “It was imperative for us to ... Read More »

Lincoln Property/H.I.G. Group Buys 2 Million SF Greenspoint Place Complex

HOUSTON – An investment entity led by Lincoln Property Co. and H.I.G. Realty Partners has acquired Greenspoint Place, a six-building office complex in the beleaguered Greenspoint submarket, which has the highest office vacancy rate in the city. The 2 million SF Greenspoint Place property, which has three connecting retail centers, was purchased from Northwestern Mutual Life Insurance Co. The Greenspoint ... Read More »

Scroll To Top