Sunday , 18 November 2018
Breaking News

Affordability Crunch: Minimum Salary to Buy Typical Home in San Francisco: $366,582; In Houston: $74,916

HOUSTON — (By Dale King, Realty News Report) — ATTOM Data Solutions has released its third quarter 2018 U.S. Home Affordability Report showing that U.S. home prices in the third quarter were at the least affordable level since Q3 2008 — a 10-year low. But a close reading of the lengthy document and analysis of its figures show Texas is ... Read More »

The Most Patient Listing in the History of Real Estate? … Maybe

HOUSTON – (Realty News Report) – It may be worthy of a Guinness World Record. The deal wasn’t huge. The location was not sexy. And Lord knows, this was no quick flip. But when it comes to patience in the real estate business, this land sale takes the cake. After having a Pasadena tract of land listed for sale for ... Read More »

Jindal Tubular Leases Space in Total Plaza

HOUSTON – (Realty News Report) – Jindal Tubular, which manufactures pipe used in oilfield drilling, has leased 4,078 SF of office space in the Total Plaza building at 1201 Louisiana in downtown Houston. The office will be used as a sales office for Jindal Tubular, which manufactures and supplies pipe in a wide range of diameters and thicknesses for oil ... Read More »

Houston Home Sales Up Year-to-Date Through Sept.

HOUSTON – (Realty News Report) – With three-fourths of the sales totals tabulated, Houston home sales are running ahead of last year’s pace, according to a report released Wednesday by the Houston Association of Realtors. Year-to-date home sales are 5.6 percent ahead of the sales pace at this time last year, HAR. Running ahead of the 2017 sales pace is ... Read More »

Levy Park Wins International ULI Open Space Award

BOSTON – (Realty News Report) – Levy Park, a redeveloped park in the inner loop of Houston, has been named a winner of the Urban Land Institute’s Open Space Award, a worldwide competition. The six-acre park, located west of Kirby Drive on the south side of Richmond Avenue, opened in February 2017 after an extensive renovation. The ULI announced the ... Read More »

Houston Office Vacancy Rising, Rents Falling, CBRE Reports

HOUSTON – (Realty News Report) – Houston’s office vacancy is getting worse, increasing pressure on landlords to cut rental rates, according to CBRE. The third quarter vacancy rate rose to 18.5 percent, up from 17.6 percent in the third quarter of last year, the CBRE MarketView report. The Houston office market has suffered through tough times for the last three ... Read More »

Houston Leasing Briefs

HOUSTON – (Realty News Report) – City Bank is relocating its Houston branch to Midway’s CITYCENTRE development in west Houston. City Bank, based in Lubbock, currently has its location at 10800 Bellaire Boulevard, Located near the Sam Houston Tollway and the Katy Freway, CITYCENTRE is a 47-acre mixed-use development with 350,000 SF of retail, 625,000 SF of office, 1,155 apartment units ... Read More »

How to Build a Successful High-Rise Apartment Tower in Downtown Houston: Q&A with Marvy Finger

HOUSTON – (Realty News Report) – Downtown Houston has undergone massive changes over the past several decades.  From a CBD where the sidewalks seemed to be rolled up at 6 pm and a place only a few thousand lived, downtown Houston has been transformed with new multifamily developments and expansive amenities such as Discovery Green.  Will the downtown boom continue?  ... Read More »

NKF Negotiates Lease for Rugs USA

EAST BRUNSWICK, New Jersey – (Realty News Report) – Newmark Knight Frank has announced the 341,984-SF industrial center lease by Rugs USA in Corporate Park Cranbury, owned by the Sudler Cos. NKF’s Houston-based Executive Managing Director Derek Myers and New Jersey experts, Director Kyle Eaton and Senior Managing Director Peter Rossi represented Rugs USA in the transaction. Rugs USA had ... Read More »

Houston’s Industrial Boom: Q&A with Mike Spears of Lee & Associates

HOUSTON – (Realty News Report) – Houston’s industrial real estate sector continues to be vibrant, thanks to a number of factors including an uptick in e-commerce distribution centers and logistics facilities. According to Colliers International’s 2018 second quarter industrial report, more than 12.3 million square feet of industrial space is currently under construction, much of that in the form of distribution and logistics facilities. In addition, industrial activity ... Read More »

New Park Under Development in Downtown Houston

HOUSTON – (Realty News Report) – The Downtown Redevelopment Authority is seeking landscape design consultants to plan the development of the new Southern Downtown Park on three quarters of a block bounded by Bell, San Jacinto, Leeland and Fannin streets. The new park, to be built on land that has been used by Goodyear Tire for many years, is expected ... Read More »

Clay Starting Spec Distribution Development in Sheldon Business Park

HOUSTON – (Realty News Report) – Clay Development & Construction Inc. is building a 214,300-SF distribution center on 11.2 acres at North Lake Houston Parkway and East Sam Houston Parkway North in northeast Harris County. The spec project is pioneering an area between the Port and Bush Intercontinental Airport. With completion slated for the second quarter 2019, Sheldon Distribution Center I ... Read More »

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