Monday , 19 March 2018
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Levy Park, Sawyer Yards, The Headquarters, Avenida Houston and SEARCH Win Top ULI Awards

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Levy Park, Sawyer Yards, The Headquarters, Avenida Houston, SEARCH/House of Tiny Treasures, earned top recognition in the Development of Distinction Awards presented by the Houston District Council of the Urban Land Institute. Levy Park, a project that came to fruition after more than 17 years, was selected for the People’s ... Read More »

Colliers: Houston Office Market Poised for Rebound

HOUSTON – (Realty News Report) – The Houston office market has reached its low point and is on the road to a gradual recovery, according to Patrick Duffy, president of Colliers International Houston. “We expect the office market to remain a little ugly and bounce along the bottom for a while,” Duffy said. “Unless oil companies start sucking up three ... Read More »

Transwestern Mobilizes Leasing Team at Brookfield’s Houston Center

HOUSTON – (Realty News Report) – Transwestern has been retained by Brookfield Property Partners to provide leasing services for Houston Center, an iconic mixed-use campus in Houston’s Central Business District comprised of 4.2 million SF of office and retail space. Transwestern’s office leasing team includes Executive Vice President David Baker, Vice President Kelli Gault, Managing Director Doug Little and Senior ... Read More »

Greenway Plaza Adds Retail and Restaurants

HOUSTON – (Realty News Report) – Three retail outlets, Fusion Eats, Green Lane Co., and the Michael Saldana Salon have leased space at Greenway Plaza in the Inner Loop of Houston. Greenway Plaza is a 52-acre development with 11 office buildings totaling 4.9 million SF and other development near the Southwest Freeway and Buffalo Speedway. The Canada Pension Plan Investment ... Read More »

Liberty Property Trust Sells Houston Office Building for $30.5 Million

HOUSTON – Liberty Property Trust sold the Legacy at Fallbrook office building, a 206,000-SF office property at 10720 West Sam Houston Parkway North. The five-story building has 43,300-SF floor plates. The buyer, Exeter Property Group, paid $30.5 million for the building, which sits on a 13-acre tract in northwest Houston. Liberty Property Trust completed the building in 2015, just as ... Read More »

UH’s Bill Gilmer: Houston Not a Good Match for Amazon, Anyway

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Houston reigns as the “center of the universe for plastics” but the city is not the logical choice for Amazon’s second headquarters, says University of Houston economist Bill Gilmer. “We’re not a match in terms of our labor force,” Gilmer told the Greater Heights Area Chamber of Commerce in a ... Read More »

REIT Buys Pad-Site Bank Building

HOUSTON – (Realty News Report) – NADG NNN REIT, an investment group that acquires free-standing retail buildings the parking lots of shopping centers, has acquired a Bank of America building on the Katy Freeway in Houston. HFF handled the sale of the 7,568-SF, single-tenant retail building leased to Bank of America’s Hedwig Village branch. The HFF team marketed the property ... Read More »

Texas Builders Reported Strong Sales in 2017, According to HomesUSA

HOUSTON – (Realty News Report) – Texas home builders registered a strong year for sales in 2017, according to a report by “We are coming off one of the best years in recent Texas new home construction history, despite the devastating impact of Hurricane Harvey,” said Ben Caballero, owner of HomesUSA. “For builders and buyers, new home sales appear ... Read More »

Two New Tenants Going to Sage Plaza

HOUSTON – (Realty News Report) – Sage Plaza, a 25-story building in Houston’s Uptown/Galleria submarket, has two new tenants, according to CBRE. The 531,000-SF Sage Plaza, 5151 San Felipe at Sage Road, was completed in 1983. Jason Presley and Debbie Wilson of CBRE’s Houston office represented the building owner, Granite Barnhart Sage Plaza, LP, in the leases. The two lease ... Read More »

Report: Houston Must Add 214,000 New Apartments by 2030

HOUSTON – (By Dale King, Realty News Report) – “We live in an age of disruption, and the multifamily industry, historically slow to adapt to change, is especially at risk.” A newly released report from the National Multifamily Housing Council (NMHC) offers that grim assessment of the herculean task facing the apartment industry. The council’s research says 4.6 million new ... Read More »

Lee Says Tenant Sentiment is Up: ‘They are Excited and They are Looking at Space’

HOUSTON – (Realty News Report) – West Texas Intermediate crude is $64 a barrel, oil well drilling activity is increasing and the Houston commercial real estate market is feeling good about it, according to a major player in the city’s industrial property scene. “The sentiment of our clients – and we have a lot of oil and gas clients – ... Read More »

Texas Real Estate Outlook: Four Major Markets Headed for Growth in 2018

Texas’ four major metropolises are expected to continue with stable real estate development and population growth this year, according to Avison Young’s 2018 annual report analyzing the office, retail, industrial and investment sectors in 67 markets in six countries on two continents. According to Avison Young: — Despite difficulties related to a slowly recovering energy industry and a historic amount ... Read More »

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