Friday , 20 July 2018
Breaking News

Trammell Crow/Hanover Apartment Tower Expected to Sell for $325 Million

AUSTIN – (Realty News Report) – Northshore, a 38-story downtown apartment tower developed by Houston-based Hanover Co. and Trammell Crow’s High Street Residential, is being offered for sale. The 439-unit tower, completed in 2016, is located at 110 San Antonio St. at Second Street. The building has views of Lady Bird Lake. The project includes 52,000 SF of office and ... Read More »

JLL: Energy Companies Taking Conservative Approach to Office Leasing This Time Around; SF Per Employee Down 40%

HOUSTON – (Realty News Report) – Houston’s office market has a 9.5 million SF supply of sublease space and 76 percent of that comes from energy companies, according to JLL’s 2018 North American Energy Outlook report. Even though oil is back above $60 a barrel, energy firms are being more conservative about leasing office space – leasing smaller spaces with ... Read More »

The State of the Commercial Real Estate Market, June 5, 2018

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – When Welcome Wilson Sr. put together the money for his first development, Jamaica Beach in Galveston, oil was $2 a barrel, the Texas Railroad Commission controlled the worldwide price of oil and Eisenhower was president. “I was always taught to respect my elders and now I only have one left ... Read More »

Senior Living Developer Buys One of Final Remaining Tracts in MPC

PEARLAND, Texas – Larkspur Shadow Creek LLC has acquired a tract of land in the Shadow Creek Ranch community south of Houston for the development of a seniors living facility. The site, near the northeast corner of Shadow Creek Ranch Parkway and Kingsley, is one of the last commercial reserve tracts in the 3,300-acre Shadow Creek Ranch, now in its ... Read More »

McNair Interests Developing High-Rise Mixed-Use Development in Uptown Houston

HOUSTON – (Realty News Report) – McNair Interests, a firm founded by Houston Texans owner Bob McNair, is planning a high-rise mixed-use development near the Galleria. The project, located on six acres at the corner of Post Oak Boulevard at Richmond Avenue, will include a 180-room luxury Rosewood Hotel, 80 condominiums, multifamily units, retail and an 18-story office tower with about ... Read More »

Fulton Station Town Home Development To Be Built on METRO Rail Line

HOUSTON – (Realty News Report) – Lennar is developing a transit-oriented residential development just north of downtown Houston across the street from the METRO Rail Red Line. The new community, which will have 39 town homes in the project, called Fulton Station. Starting at $349,000, the Fulton Station townhomes will offer private backyards, two-car garages and 10-foot wide driveways.  Four, two-story ... Read More »

Transwestern Reports Leasing in Sugar Land

HOUSTON – (Realty News Report) – Transwestern announced it has completed 26,259 SF of new leases at One Sugar Creek, a 193,998-SF, Class A office building at 1 Sugar Creek Center Blvd. in Sugar Land. Transwestern Senior Managing Director Doug Little, Senior Vice President Louann Pereira and Senior Associate Matthew Seliger are providing leasing services on behalf of Equus Capital ... Read More »

Realty News Report Q&A: Scott Ziegler, AIA, Ziegler Cooper Architects – Part Two

HOUSTON – (Realty News Report) – Scott Ziegler, AIA, Senior Principal at the Urban Residential Studio of Houston-based Ziegler Cooper Architects (ZCA) is an urbanist who has impacted Houston and the lives of Houstonians. Realty News Report sat down with Ziegler for an extended interview regarding Houston’s density and his new book, “Ziegler Cooper: 40 Years of Inspirational Design.” This ... Read More »

Arch-Con Tops Out Hotel Project Near Texas Medical Center

HOUSTON – Arch-Con Construction of Houston has topped out the 16-story Residence Inn Medical Center. The 182-room hotel is developed by Moody National Cos., a Houston firm led by Brett Moody. The hotel, located within walking distance of NRG stadium, will be complete in February before the Houston Livestock Show and Rodeo, said Michael Vaughn of Arch-Con. “We are on ... Read More »

Coca Cola Plans Major Plant in Hines Business Park, Leaving Prime West U Site

HOUSTON – (Realty News Report) – Coca-Cola Co. has announced plans to develop a major bottling facility in the Pinto Business Park, a Hines development in north Houston. Importantly, the move will free-up prime acreage now occupied by the existing Coca-Cola plant in the Inner Loop of Houston. Since 1950, Coca Cola Bottling has operated on what is now ultra-prime ... Read More »

40 Years of Designing Urban Houston: Q&A with Scott Ziegler of Ziegler Cooper Architects

HOUSTON – (Realty News Report) – Years before it was fashionable, Scott Ziegler, AIA, Senior Principal at the Urban Residential Studio of Houston-based Ziegler Cooper Architects (ZCA) and his college roommate, Michael Cooper, were urbanists. Four decades ago, the duo began the firm that still bears their name and has since master planned, designed, and constructed multifamily apartments, lofts, high-rise ... Read More »

Quasar GP Buys Northside Industrial Property

HOUSTON – Quasar GP LLC, a Houston group led by Avi Ron and Ronny Hecht, has purchased a 113,000-SF industrial building from S.E.T. Industries LC. The property, 13827 West Hardy Road, is east of Interstate 45 and southwest of Bush Airport. The seller, SET Industries, was represented by Mike Spears and Robert McGee of Lee & Associates – Houston. Clay ... Read More »

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