Thursday , 21 September 2017
Breaking News

22-Acre Portion of Greenspoint Mall with Old Macy’s Store Acquired for Development of Truck Stop

HOUSTON – A 22-acre portion of Greenspoint Mall, including the old Macy’s store, has been acquired for the development of a truck stop, reports Houston real estate broker Jim Mattox of Jim Mattox Properties. The 1.4 million SF Greenspoint Mall in north Houston suffered through the closure of a number of a number of stores, including Macy’s, which shut down ... Read More »

54,200 Jobs Created in Houston Economic Rebound, New Report Says

HOUSTON – The Houston area economy added 54,200 new jobs over the last year, one of the strongest job growth reports since job growth tailed off in 2015, according to the Texas Workforce Commission. The report covered a 12-month period ending July 31, 2017. Houston’s unemployment rate in July was 4.9 percent, down from 5.3 percent in June and 5.8 ... Read More »

Clay Starts Spec Building in Northwest Houston

HOUSTON – Clay Development & Construction has broken ground on the 293,280-SF Cutten Distribution Center I on 16.2 acres at 11833 Cutten Road in Northwest Houston. Jim Foreman, Beau Kaleel and Allison Bergmann of Cushman & Wakefield are handling sales and leasing for the spec building, which is south of West Greens Road. It is the fifteenth building in Cutten ... Read More »

New Mixed-Use Project in Plano Slated for 2 Million SF at Build-Out

PLANO, Texas – (By Dale King) — Construction of a 37-acre, mixed-use development, slated to include a vast expanse of retail along with a boutique hotel and three high-rise office towers, is scheduled to start in early 2018 on property in Plano owned by the same family since the 1800s. The center, to be named The Legacy at Spring Creek, ... Read More »

Designing the World’s Most Expensive High School Football Stadium

KATY, Texas – (By Michelle Leigh Smith) – In the spirit of `Go big or go home,’ the Katy community stood tall as they had the first look at the new $72 million Legacy Stadium, reportedly the most expensive high school stadium ever built. One of the first clues that you’ve entered an exceptional venue is architect HKS, Inc.’s Way-Finding ... Read More »

Houston Firm Acquires Dallas Office Building

DALLAS – An affiliate of Tanglewood Property Group of Houston has acquired Preston Plaza, a Class A office building in Far North Dallas. CBRE’s Eric Mackey, Gary Carr, John Alvarado, Jared Chua and Robert Hill represented the seller, Caddo Holdings of Dallas. Built in 1986 and renovated in 2015, the building has 259,009 SF of office space, which is 91 ... Read More »

Avison Young: Houston Office Market One of the Most Tarnished in International Study

HOUSTON – Houston’s supply of empty office space, expressed as vacancy rate, is one of the largest in the nation, according to a new report by Avison Young. Houston, with a 16.8 percent office vacancy rate, the second highest in the U.S., behind Fairfield County, Conn. with 17.8 percent vacancy. Atlanta, with a 16 percent vacancy rate, ranked third. According ... Read More »

New Tenant Amenities Added at 64-Story Williams Tower

HOUSTON – Hines, the international real estate firm, and Invesco Real Estate, a global real estate investment manager, have announced the completion of a new fitness center at Williams Tower, the 64-story office building owned by Invesco Real Estate in Uptown Houston. The Fitness Center at Williams Tower, a members-only fitness facility serving the tenants of Williams Tower offers private ... Read More »

Bauer-Pileco Building New HQ in Conroe, Texas

CONROE, Texas – Bauer-Pileco, a global provider of foundation equipment and support to the foundation construction industry,  will build a 78,774 SF facility in Conroe Park North for the company’s new North American headquarters. The new location, with three stories of office space, warehouse and service building space, will be built by KDW, the Houston-based design/build general contractor. Construction at ... Read More »

Stabilization in Sight: Houston Multifamily Market Heading Toward Recovery

HOUSTON – (By Dale King) – A combination of increasing demand and less new inventory in a particular housing market may not always be a healthy amalgamation. But in Houston right now, the combo seems to be working well, at least in the multifamily housing sector, says Berkadia’s second quarter 2017 report. “Continued apartment demand, coupled with less new inventory, ... Read More »

Vigavi Realty Finds Niche for Free-Standing Industrial Buildings Near Port of Houston

HOUSTON – Vigavi Realty will break ground on two speculative industrial buildings in Pasadena, meeting a demand for freestanding industrial properties in southeast Houston, JLL reports. The Vigavi firm just completed a 36,000-SF design build project at Fairmont Industrial Center, 11802 Fairmont Parkway in La Porte. HydroTex, a Chicago-based pump systems and engineering services firm, owns and occupies the freestanding ... Read More »

Texas Construction Powerhouse: Dallas No. 1; Houston is No. 2 in Single-Family Starts

HOUSTON – Building is bigger in Texas. Dallas is No. 1 in the national rankings of housing starts and Houston is No. 2, according to Metrostudy Inc. The Dallas-Fort Worth area had 31,049 single-family home starts for the 12-month period ending June 30. Houston was second with 27,114 starts. The two Texas cities had ranked at the top of the ... Read More »

Scroll To Top