Tuesday , 23 May 2017
Breaking News

HCA Buying Four Houston Hospitals to Add 1,400 Beds to Southeast Texas Portfolio

HOUSTON – HCA has agreed to purchase three hospitals in Houston from Tenet Healthcare and another Houston-area hospital from Community Health Systems. The deals will give the Nashville-based HCA an additional 1,398 beds in the Houston area. The agreement with Tenet includes 423-bed Houston Northwest Medical Center, 181-bed Cypress Fairbanks Medical Center Hospital and 444-bed Park Plaza Hospital. “The addition ... Read More »

New Bacco Wine Lounge Points to Trend of Cycling Along Bayou Trails

HOUSTON – Bacco Wine Lounge may be on the cutting edge on a rolling trend. Its new location will be on the banks of Brays Bayou and accessible to the cyclists on the Brays Bayou Greenway Trail. So it will be possible to ride your bike on the bayou trail and stop off for a glass of Cabernet at sunset ... Read More »

Colliers: A Huge Jump in Office Vacancy in Houston

HOUSTON – Houston’s office vacancy rate skyrocketed over the last year, hitting 18.5 percent in the first quarter, up from 15.3 percent in the first quarter of last year, according to Colliers International. More new office space continues to be delivered to the market at the same time energy companies are shedding excess space. The completion of Hines’ 1 million ... Read More »

WeWork Leases 86,000 SF in Jones at Main Building in Downtown

HOUSTON – WeWork, a co-working office space company, will open its first Houston location in The Jones at Main, a historic redevelopment in downtown Houston. WeWork leased 86,000 SF in the building. The office sharing WeWork concept is appealing to start-up firms, entrepreneurs and even Fortune 500 companies that need to have a regular presence in major cities. The Jones ... Read More »

Houston Investment Firm Buys Tract Near Alamodome

SAN ANTONIO – Rockspring Capital, a Houston-based private equity firm, has acquired a city block of land across the street from the Alamodome stadium near downtown San Antonio. The transaction was one of the largest real estate deals to close near the the stadium since it opened on the east side of downtown in 1993, according to the San Antonio ... Read More »

More Than 75 Banks Closed in Houston as Online Banking Spreads

HOUSTON – With the popularity of online banking surging, banks have closed 44 branch banks in the Houston are since 2013 and more closures are coming soon. These totals reflects the net loss in the number of branch banks, with many banks closing, even as new banks were built. Over a decade ago, banks began building hundreds of branches in the ... Read More »

Bel Furniture Takes Big Transwestern Distribution Project

KATY, Texas – Bel Furniture will open 415,296 SF of new showroom and distribution space at West Ten Distribution Center on Interstate 10 at Cane Island Parkway in Katy, west of Houston. The two-building project includes a 74,793-square-foot showroom and 340,503-SF of  distribution space. The spec project was built by Transwestern Development Co. on 75 acres Transwestern purchased in 2014 from ... Read More »

Slowly, Confidence is Returning to Houston’s Office Market and the Texas Oilpatch

HOUSTON – ( By Michelle Leigh Smith) – Although some dead carcasses and trouble spots continue to exist, confidence is being resurrected in the Texas oilpatch and in the Houston commercial real estate market. “Overall, we are seeing a more positive mindset. Hopefully that will lead to more transactions. The theme I’m hearing is that the worst is over,” said ... Read More »

Climbing Again? – Houston Multifamily Market Gained Traction in First Quarter

HOUSTON (By Dale King) – Apartment demand in the Houston metropolitan area increased in early 2017, a multifamily housing report says. In fact, residents leased a significant number of units, resulting in a net absorption gain of 4,916 apartments during the first three months of the year, exceeding the net of 4,423 units absorbed during all of 2016, according to Berkadia’s ... Read More »

Liberty Property Trust Taps Lee & Associates

HOUSTON – Lee & Associates – Houston will represent Liberty Property Trust on two of its properties located in the North and Northwest Houston regions. “We look forward to working and building a strong relationship with Liberty Property Trust,” said Ryan Searle, director of Lee & Associates – Houston. “Liberty has a large presence in the Houston market, and carries ... Read More »

Mixed-Use Project Proposed for Allen Parkway Site Near Downtown Houston

HOUSTON – Developer DC Partners and partner Tianqing Real Estate Development  have announced plans for a mixed-use development on Allen Parkway, just west of downtown Houston. The proposed $500 million development will have a condominium tower, hotel, office and retail space. The 6-acre site is across the street from the Federal Reserve Bank building on the south side of Buffalo ... Read More »

Realty News Report’s First Taste: Yauatcha Restaurant Is Worthy of Galleria’s “Jewel Box”

By Michelle Leigh Smith — Once again, move over Dallas. Houston has you beat with a world-class dim sum destination and tea house/restaurant with two bars. The concept, which originated along China’s Silk Road when weary travelers were offered tea, reaches a new level of quiet elegance. Inside Yauatcha, guests share amazing adn carefully curated teas. Fulfilling the vision and concepts ... Read More »

Scroll To Top