Monday , 24 April 2017
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Report: Skanska Preparing to Start Construction on Capitol Tower in Downtown Houston

HOUSTON – Skanska USA erected a construction crane in downtown Houston over the weekend, a sign that the firm expects to begin construction soon on an office tower, according to a report in the Houston Chronicle. Several years ago, Skanska announced plans to build a 35-story office tower on the site, a block bounded by Capitol, Rusk, Milam and Travis ... Read More »

67-Year-Old Mixed-Use Center Slated for Redevelopment on Prime Bellaire Corner

BELLAIRE, Texas – Bellaire Town Center, a retail/office complex that opened in 1950 in the heart of the Bellaire community, is targeted for a redevelopment and expansion. The two-story center, located at the southwest corner of Bellaire Boulevard and South Rice Avenue opened in 1950. Plans filed with the City of Bellaire indicate the center will be expanded from 39,000 ... Read More »

New Hope Housing Prepares for Eastward Exodus After Selling Its Downtown Property to Astros Owner Jim Crane

HOUSTON — (By Dale King) – After selling its downtown property to Astros owner Jim Crane, New Hope Housing is preparing for an exodus to a new facility on the eastern edge of downtown Houston. Building the new 175-unit complex is just another step in the organization’s relentless drive to fulfill its mission. Nearly a quarter-century ago, New Hope Housing ... Read More »

Entertainment Facility Leases 60,000 SF

PEARLAND, Texas – NAI Partners represented Urban Air of Pearland, LLC in leasing 59,908 SF of industrial/retail flex space located at 3207 S Sam Houston Parkway East in Pearland, Texas. Urban Air Trampoline & Adventure Park are targeted to family entertainment and gatherings. Jason Gaines of NAI Partners represented the tenant, Urban Air of Pearland, LLC in the lease negotiations, while Robert ... Read More »

The Lasting Appeal of a Louisiana Street Address: Q&A with Damon Thames of Colvill Office Properties

Downtown’s 811 Louisiana, a 26-story, 577,735-square-foot office building formerly known as Two Shell Plaza, is proving again that a Louisiana Street address appeals to the Houston marketplace. Two years after Shell Oil vacated the property, the structure has undergone an extensive redesign by Page architects. The lobby was transformed and rebranded and the entry was changed to 811 Louisiana. The ... Read More »

Namesake Henry S Miller III Rejoins Henry S. Miller Real Estate Firm

DALLAS – Henry S Miller III has rejoined the Dallas-based commercial real estate firm founded in 1914 by his grandfather, Henry S. Miller Sr. Mr. Henry S Miller III has been named as Managing Director of Mixed Use Development and Executive Vice President of the firm. (Note: Mr. Miller uses no period after his middle initial S.) Mr. Miller had ... Read More »

Amazon Eyes West Houston for Massive 1 Million SF Distribution Center with 1,000 Jobs

KATY, Texas – Amazon Inc. has been scouting the Houston area for a massive distribution center and people in the real estate community say that Amazon is expected to construct the facility on the far west side of Houston along Interstate 10. If the deal comes together as envisioned, the Amazon footprint will be impressive – approximately 1 million square ... Read More »

Final Phase of LaCenterra Mixed-Used Project Demonstrates Katy Growth Potential

KATY, Texas – (By Michelle Leigh Smith) – LaCenterra, one of the Southwest’s most interesting outdoor malls, celebrates its tenth anniversary this month. And with its final phase under construction and a transformative expansion of the Westpark Tollway coming in nearby, the second decade of LaCenterra’s existence may be even stronger than the first. The destination mixed-use development, now with ... Read More »

Pelican Builders Planning Condo Tower Near River Oaks

HOUSTON – Pelican Builders, a Houston firm led by Robert Bland, plans to build a nine-story condominium project near River Oaks in Houston. Named The Revere, the boutique condominium will have 33 residences ranging in size from 2,677 to 3,867 SF – and priced between $1.6 and $2.9 million. The building — “designed with River Oaks empty nesters in mind” ... Read More »

Unwanted Top Ranking: Houston has Largest Sublease Supply in Nation, Reports CBRE Research

HOUSTON – Houston has the largest supply of sublease office space in the nation, according to a new report by CBRE Research. Houston had an 11.1 million SF of sublease space on the market at year-end. Boston ranked second with 4.8 million SF of sublease supply, followed by Manhattan at 3.8 million SF. The oversupply of sublease space, which is ... Read More »

MetroNational Developing Midrise Residential Tower at Memorial City

HOUSTON – MetroNational, a Houston-based real estate firm with extensive holdings in west Houston, will break ground later this month on an 8-floor, 327-unit midrise rental apartment tower adjacent to Memorial City Mall. Designed by Ziegler Cooper Architects Residential, a Houston firm that has designed many residential towers, the plan the project will feature upscale amenities including a rooftop, resort ... Read More »

Can Goldman Sachs Set a New Record-High Sales Price in Downtown Austin?

AUSTIN – A Goldman Sachs partnership is seeking to sell a downtown Austin building for $670 per SF, which would be a record-setting price for office deals in the capital city, reports Real Estate Alert. The new 18-story building, called 5th + Colorado, was completed last year by Goldman Sachs and Lincoln Property Co. The 179,000-SF tower is 95 percent ... Read More »

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