Wednesday , 19 September 2018
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Hilltop Acquires Houston Project Near Memorial City

  HOUSTON – (Realty News Report) – Houston-based Hilltop Residential bought the Villas at Bunker Hill, a 398-unit mid-rise apartment community in Houston’s Memorial City area. The HFF team marketed the property exclusively on behalf of the seller, SouthStar Communities.  Hilltop Residential, a firm founded by Greg Finch, formerly of Venterra Realty, purchased the asset free and clear of existing ... Read More »

Mexican Investment Fund Acquires Transwestern Building

HOUSTON – (Realty News Report) – The Aztec Fund, Inc., a private Mexican equity fund, acquired Westway Plaza, a recenly constructed office building totaling 313,420 SF. The HFF team marketed the West Houston property on behalf of Transwestern Development Co. Westway Plaza is situated on 9.85 acres at 11330 Clay Road at its intersection with the Sam Houston Tollway in ... Read More »

Houston Strong: Home Sales Up 9 Percent in July

HOUSTON – (Realty News Report) – The Houston continued its summer surge in July as single-family home sales rose 9.1 percent over July of last year, according to the Houston Association of Realtors. Propelled by strong job growth, the Houston housing market is headed toward a record-setting year. The most recent economic statistics show the Houston area gained 94,600 new ... Read More »

576-Unit Multifamily Project Sold

HOUSTON  – (Realty News Report) – TRI Consulting Group, Next Investments and TPEG purchased the 576-unit Madison Park Apartments in the Westchase District of Houston, CBRE reported. The property is located at 9801 Meadowglen lane, sits on 23.49-acres and is 91 percent occupied. The unit mix offers one, two, and three-bedroom apartments ranging from 758 to 1,428 SF. Over 1,500 ... Read More »

The Softer Side of Online Home Buying: Houston is Tops with New HomLuv Website

HOUSTON – (By Dale King, Realty News Report) – Online house hunters normally go to a home-search website and type in a bunch of numbers – the ZIP code, the desired square footage and, of course, the price. With, it’s a bit more touchy-feely. Pictures are more important than numbers. A HomLuv search is more about design, about color ... Read More »

Houston Restaurant Group Leases Spot in Downtown Tower

HOUSTON – (Realty News Report) – Adair Concepts, a Houston restaurant group, will open a new restaurant in 71-story Wells Fargo Plaza at 1000 Louisiana Street in downtown Houston. The eatery will serve breakfast, lunch, and small bites along with premier wines, spirits and signature craft cocktails in the afternoon. The 4,628-SF restaurant, designed in collaboration with Gensler and McGarr ... Read More »

Multifamily Occupancy Up Sharply in Downtown Houston

HOUSTON – (Realty News Report) – Downtown Houston has more than 8,000 residents, up from 3,800 in 2012 when the city began its Downtown Living Initiative, according to a new report by the Central Houston organization. The multifamily market in Downtown Houston registered an 11 percent gain in occupancy over the last year, hitting 70 percent occupancy, said Central Houston. ... Read More »

Texas Children’s Hospital Renews Sugar Land Lease

SUGAR LAND – (Realty News Report) – Texas Children’s Hospital has renewed a 42,198-SF medical office lease for its Sugar Land Health Center at Sugar Land Medical Building II, 15400 Southwest Freeway in Sugar Land, southwest of Houston. Sugar Land Medical Building II is a three-story, 60,334-square-foot medical office building. Texas Children’s has been lead tenant of the fully leased ... Read More »

Houston Landlords, Brace Yourself: 43 Full Floors of Sublease Office Space Coming Back in the Next 12 Months, Colliers Says

HOUSTON – (Realty News Report) – Forty-three full floors of sublease office space will be returned to Houston building owners within the next 12 months as the term of the leases expire, according to a new report by Colliers International. Overall, Houston has 288 full floors of sublease space, with over half of that with five years or more of ... Read More »

How to Lease Downtown Towers in Today’s Market: Q&A with Michael Anderson of Colvill Office Properties

HOUSTON – (Realty News Report) – Too much office space is chasing too few tenants in downtown Houston, where the vacancy rate hovers around 20 percent. So, what is on the agenda for Houston developers such as Hines? A new 1 million SF building on the former site of the Houston Chronicle. To sort out the seemingly disconnect – a ... Read More »

Return to Normalcy of Houston Sublease Space Expected to Arrive in 2021

HOUSTON – (Realty News Report) – Houston’s supply of sublease office space will fall below its 13-year average of 5 million SF by 2021, according to a forecast by PMRG, as more leases expire and return to regular landlord inventory. After a steep pull-back by energy firms, the sublease supply peaked at 12.1 million SF in the third quarter of ... Read More »

Hurricane Harvey Pushes Up Rents for Single-Family Properties in Houston, CoreLogic Reports

HOUSTON – (By Dale King, Realty News Report) – The cost of renting a single-family home in Houston has spiked significantly in the aftermath of Hurricane Harvey, which made landfall in Texas about a year ago. Houston’s rental rates of single-famlly homes are up over 4 percent, compared to the pre-Harvey market, according to CoreLogic, a global property information, analytics ... Read More »

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