Tuesday , 28 March 2017
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Neighbors Health Leases New HQ in Westchase

HOUSTON – Houston-based Neighbors Health, LLC has relocated its corporate headquarters, leasing 98,000 SF in Richmond Park Westchase, 10800 Richmond Ave. The five-story office building is operated by Zenith Real Estate Group. The headquarters of Neighbors, which operates Neighbors Emergency Centers, had been located in the Pearland Town Center. The health firm has subleased the Pearland space, says Colliers International’s ... Read More »

H-E-B’s First Two-Story Grocery in Houston Area Starts in Bellaire

BELLAIRE, Texas – (By Michelle Leigh Smith) – H-E-B plans to close their Bellaire store on March 13 and demolish it to make way for the San Antonio-based grocer’s first two-story food emporium in the Houston area. Using the two-story format could allow H-E-B to penetrate Houston’s upscale urban submarkets where development sites are scarce and land is expensive. “Construction ... Read More »

CBRE: Holiday Inn Sale One of a Spate of Hotel Deals in Houston

HOUSTON – PKRS Management purchased the 125-room Holiday Inn Express & Suites Houston Northwest on Huffmeister Road from Cypress Hotels Inc. Eric Guerrero, Michael Yu and Rahul Bijlani, of CBRE Hotels in Houston, represented both sides of the deal. On the trailing twelve months, this sale represents the 20th South Central U.S. hotel transaction for these CBRE Hotels’ professionals in ... Read More »

Gov. Martin O’Malley to Speak at Rice Kinder Institute for Urban Research Forum in Houston

HOUSTON – Martin O’Malley, who ran for the Democratic presidential nomination last year,  will be speaking in Houston next week at the Rice University Kinder Institute for Urban Research forum. The Forum will be held 6:30 PM at the Museum of Fine Arts, 1001 Bissonnet on Wednesday Feb. 15. O’Malley served as the 61st governor of Maryland from 2007 to ... Read More »

South African Investor Buys First American Project

  FORT WORTH – Blazing Meadows Investments, a South Africa-based investor, has acquired a retail center in Fort Worth, its first purchase in the United States. The 4,300-SF retail center, located on Interstate 820 at Clifford Street, was purchased from a venture of MG Retail Partners and Vaquero Ventures. Michael Austry of CBRE represented the seller. Karim Budri of Gharbieh ... Read More »

Houston Retail Centers Immune to Woes in the Energy Industry

HOUSTON –  (By Dale King) – To the casual onlooker, Houston’s retail market appeared to taking some majors hit in 2016. In just the first six months, 11 Sports Authority stores closed as part of a chain-wide shut-down. Four Fresh Market groceries in Houston were shuttered, as were two Walmarts, including a Supercenter on FM 1960, says a year-end report ... Read More »

John Goff: Six Houston Center Skyscraper Still Planned, But Groundbreaking Not Expected Soon

HOUSTON – Six Houston Center, a proposed downtown skyscraper, is still on the drawing boards, but it’s too soon to start building the new office tower, says the project’s developer, John Goff, chairman of Fort Worth-based Crescent Real Estate Equities. A few years ago, Crescent proposed to build the 29-story Six Houston Center tower on its block of land on ... Read More »

Midtown Houston Property Purchased By Kline

HOUSTON – Art Square Center, a 39,000-SF mixed-use building at 4118 Fannin in the Midtown area, has been acquired by Kline Ventures LP, an entity owned by David Kline of Austin. Art Square is a unique mix of retail, studio and residential spaces, located between Downtown and the Texas Medical Center. Josh Jacobs and Burdette Huffman of EDGE Capital Markets ... Read More »

Many Houston Hotels Hitting 100 Percent Occupancy with Strong Nightly Rates During the Super Bowl

HOUSTON – The Super Bowl will be filling a lot of hotel rooms in Houston, but there will still be a few – but not many – vacant rooms in the outer suburbs at kickoff time, says Randy McCaslin, managing director of CBRE Hotels. The Greater Houston area has over 75,000 hotel rooms most of them will be occupied as ... Read More »

Al Hartman REIT Buys Dallas Office Building

DALLAS – Hartman Short Term Income Properties XX, a REIT led by Houston investor Al Hartman, has acquired Three Forest Plaza, a 366,549 SF office building in the Park Central submarket of Dallas.  HFF represented the seller in the transaction and David Wheeler, Russell Turman, and Julian Kwok represented Hartman. The building, located off of Forest Lane near the LBJ ... Read More »

Space City’s Astrodome: The Landmark That Embodies the Soul of Houston

HOUSTON – (By Ralph Bivins) – The Astrodome – an accomplishment in engineering that symbolizes Houston’s can-do spirit – has just been designated as a “State Antiquities Landmark” by the Texas Historical Commission. The world’s original air-conditioned domed stadium, the Astrodome was baptized in its first game by Mickey Mantle who hit the Dome’s first home run on April 9, 1965 ... Read More »

Vista’s Patty Bender – Q&A on Houston Shopping Centers: New Grocers, New Restaurants and Trends

HOUSTON – (By Michelle Leigh Smith) – Patty Bender, long time Houston-based executive in the shopping center industry, joined Vista Private Equity Group as a partner after a 33-year career with Weingarten Realty Investors. Vista Equities Group is part of the Vista Companies, a Houston-based real estate services group led by veteran  Texas developer Woody Mann. Vista focuses on the ... Read More »

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