Monday , 19 March 2018
Breaking News

Northeast Industrial Comeback: 700,000 SF on the Way

HOUSTON – (Realty News Report) – The northeast Houston industrial market, where new development has been a rarity, is getting a new industrial development – Park Air 59, which will have 700,000 SF at build-out. And why not build? The northeast submarket closed the year with a vacancy rate of 2.8 percent, JLL reported. JLL has been awarded the leasing ... Read More »

Where the World Champion Astros Will Sleep: Jim Crane Developing Fla. Hotel

WEST PALM BEACH, Fla. – (By Dale King, Realty News Report) – Construction has begun in earnest at the 10-story vacant office building in West Palm Beach, Fla., that will become the residence for the Houston Astros players and staff during spring training and a baseball-oriented hotel available for use by the public, particularly tourists, the rest of the year. ... Read More »

The Soul of Houston Has Been Saved – The Astrodome Will Be Reborn

HOUSTON – (Commentary By Ralph Bivins, Realty News Report) – The Astrodome – an accomplishment in engineering that symbolizes Houston’s can-do spirit – represents the soul of Houston. Demonstrating bold leadership, Harris County officials voted Tuesday to spend the funds to restore it and give it a new life. The world’s original air-conditioned domed stadium, the Astrodome was baptized in ... Read More »

NAI Fund Sells Office Building in SE Houston

HOUSTON – (Realty News Report) – NAI Investment Fund sold its office building at 12600 North Featherwood Drive, in southeast Houston. The building was the first property purchased by Fund I shortly after it launched in 2015. Andrew Pappas and Adam Hawkins of NAI Investment Fund worked with Marty Hogan of HFF to close the deal. 

“Our investment thesis since ... Read More »

Caddis Buys Medical Buildings

HOUSTON – (Realty News Report) – Dallas-based Caddis Partners, a healthcare real estate company, has acquired three medical office buildings, including properties in Houston, Dallas and Atlanta, according to a report by Tony Wilbert of CoStar News. Included in the deal was the Atascocita Medical Center, a 31,000-SF medical building at 17903 West Lake Houston Parkway, near Will Clayton Parkway ... Read More »

Crescent Adding Luxe Brownstones to Ritz-Carlton Development

DALLAS – (Realty News Report) – Crescent Real Estate is finishing up its Tower Residences at the Ritz-Carlton development with four upscale brownstone-style dwellings priced at $5.5 million to $6.5 million. The homes, designed by architect Robert A.M. Stern, will be constructed by Dallas builder Platinum Homes, a firm led by Mark Molthan. Kyle Crews of Allie Beth Allman & ... Read More »

Update From 515 Post Oak, A Building that Signaled the 2017 Turnaround

HOUSTON – (Realty News Report) – Greater Houston Community Foundation leased 18,400 SF in the 515 Post Oak building, located on the east side of Loop 610  in the Galleria area. The foundation, which assists in philanthropic partnerships, was represented by Dan Boyles and Liz Westcott-Brown of NAI Partners. Richard Barbles of Stream Realty Partners represented the landlord, Spear Street ... Read More »

New Grandway West Project Leasing Up in West Houston

HOUSTON – (Realty News Report) -Two leases totaling 30,139 SF have been signed at Phase IV of Grandway West, a six-building office project that will total approximately 850,000 SF when complete. Currently, the project has delivered 280,252 SF in three separate buildings. Phase IV, which consists of 72,045 SF delivered in January of this year and is now 93 percent ... Read More »

Another Large Block of Office Space Hits Sublease Market in Houston’s Energy Corridor

HOUSTON – (Realty News Report) – A major block of Energy Corridor office space has been placed on the sublease market by TechnipFMC, a firm that performs engineering and construction for the energy industry, according to NAI Partners. The TechnipFMC sublease space, which totals 375,937 SF, is located in the Energy Tower II building at 11720 Katy Freeway, near Kirkwood. ... Read More »

Retail Center Under Construction in The Woodlands

THE WOODLANDS, Texas – (Realty News Report) – The Howard Hughes Corp. recently broke ground on Lake Woodlands Crossing, a 62,565-SF retail center in The Woodlands Town Center. Lake Woodlands Crossing is located at the northeast intersection of Lake Woodlands Drive and Grogan’s Mill Road. Arch-Con Construction is the general contractor. CDA Architects designed the center, slated for completion late ... Read More »

Houston is Making a Massive Mistake With the Location of the High-Speed Train Terminal

HOUSTON – (Commentary by Ralph Bivins, Editor, Realty News Report) 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 ... Read More »

Texas Hotel Construction: Higher Oil Prices Could Stimulate More Building, Says Arch-Con’s Michael Vaughn

HOUSTON – (Realty News Report) – The hotel industry in America’s fourth-largest city and its energy capital, has remained relatively flat over the past few years as a result of price gyrations in the energy sector. However, oil prices are recovering and that could jump start hotel building. For example, Houston’s Arch-Con Construction has nearly 1,200 keys under construction throughout ... Read More »

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