Thursday , 27 April 2017
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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 »

Fore! – Golf Still Drives Value for Housing; But How Much?

HOUSTON – (By Dale King) -A golf course view is a lovely amenity for your home. But a golf course in the neighborhood can actually put more money in your pocket if you’re planning to sell, says a new university study. Most of the real estate folks around Houston interviewed by RealtyNewsReport.com agree with the faculty-conducted study out of Florida ... Read More »

Proposed San Antonio Tower Will Have No Parking

SAN ANTONIO – REM Hospitality is planning an 18-story hotel and office tower – without parking spaces – in downtown San Antonio. The tower will have 50,000 SF of office space and a 185-room Cambria-branded hotel, the San Antonio Business Journal reports. Anand Bhakta, principal with San Antonio-based REM Hospitality, said the site, which is less than a half-acre, is ... Read More »

Border Wall Will Require a Huge Eminent Domain Effort

HOUSTON –The proposed wall along the U.S.-Mexico border represents one of the largest eminent domain undertakings in the nation’s recent history, according to Deal Sikes & Associates, a Houston-based firm active in eminent domain counseling and representation. The border from San Diego to Brownsville, Texas spans almost 2,000 miles. Some 650 miles of the border has already been fortified with ... Read More »

14-Story Greenspoint Area Tower Acquired by Steve Moore Firm

HOUSTON – Austin Management Group, a Houston firm led by Steve Moore, has acquired the Northborough Tower, a 14-story office building at 100 Glenborough Drive in the Greenspoint area. The 206,533-SF building is currently vacant, although it is 99 percent leased until 2018 by Noble Energy. Transwestern’s Leah Gallagher, Michelle Wogan and Hale Umstattd represented seller. The building was formerly ... Read More »

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