Monday , 27 March 2017
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Energy Investment Firm Buys Houston Office Building

HOUSTON – Post Oak Energy Capital, a Houston-based private equity firm, has acquired a 27,000-SF office building in the Riverway submarket in Houston. The three-story building, which was developed by Midway Cos. in a joint venture with Charles Grube, is located at 34 South Wynden Drive, near the Uptown District. Years ago, the building served as the headquarters of Midway. ... Read More »

Colliers’ Duffy: ‘The Bleeding Has Stopped’ for Houston Office Market

HOUSTON – The Houston office market – the primary casualty of the oil bust – appears to be in a recovery mode following a couple of rough years, according to the President of Colliers International Houston. “We are comfortable that the bleeding has stopped,” said Patrick Duffy, head of the Houston office of the commercial real estate firm. Duffy, speaking ... Read More »

Trump Hotels Eyes Expansion Into Dallas, Other American Markets

LOS ANGELES – Trump Hotels is eyeing an expansion in the United States including adding a hotel in Dallas, according to Bloomberg News. “There are 26 major metropolitan areas in the U.S., and we’re in five,” Trump Hotels CEO Eric Danziger said Tuesday at the Americas Lodging Investment Summit in Los Angeles, Bloomberg reported. “I don’t see any reason that ... Read More »

Upscale Hotel to Open in March in Bryan, Texas

BRYAN, Texas – The Stella, an upscale hotel, is being developed in Bryan by the William Cole Co., a Texas-based firm led by Spencer Clements and David Segers. The 176-room hotel, slated to open in March, is the centerpiece of the Lake Walk Town Center and the Atlas corporate campus. In Canada, the William Cole Co. is also developing The ... Read More »

CBRE Takes Over Retail Leasing at West Ave

HOUSTON – CBRE has been retained to lease the retail space in West Ave, a mixed-use project at the key intersection of Kirby and Westheimer in the Upper Kirby District of Houston. Developed by Atlanta-based Gables Residential, West Ave opened in 2010 as one of a new breed of mixed-use projects. The seven-story development, designed by Looney Ricks Kiss, has ... Read More »

NGKF: Another Year of Rising Vacancy Ahead for Houston Office Market

HOUSTON – The Houston office market, although there are positive signs that healing is on the way, will see an increase in the overall vacancy rate in 2017, according to the Newmark Grubb Knight Frank real estate firm. After ending 2016 with a 19.6 percent office vacancy rate, the Houston market will see a slight increase to 20.1 percent by ... Read More »

Houston Could Be Headed for “Golden Era of Growth” – Tyler Mathisen Tells Colliers

HOUSTON – Stronger oil prices and the Trump administration’s pro-energy stance could be very good for the Houston economy, says financial broadcast journalist Tyler Mathisen. Mathisen, keynote speaker at Colliers International’s Trends 2017 event at the Houston Country Club Tuesday night, said President Donald Trump is putting pro-growth stamp on the nation in his first days in office. Trump completely ... Read More »

ULI Announces Winners in Houston’s Development of Distinction Awards

HOUSTON –– Moody Rambin Interests’ Towne Center development won top honors in the for-profit category in the won Houston District Council of the Urban Land Institute (ULI) Development of Distinction Awards, which were announced Tuesday night in downtown Houston at the Rice Crystal Ballroom. The MATCH (Midtown Arts and Theatre Center Houston); Buffalo Bayou Park and McGovern Centennial Gardens were ... Read More »

Hanover Gets Refi for $91 Million Apartment Project Near Rice University

HOUSTON – Holliday Fenoglio Fowler (HFF) arranged fixed-rate financing for Hanover Rice Village, a 379-unit apartment community near Rice University in Houston. HFF worked exclusively on behalf of the borrower, The Hanover Company, a Houston-based multifamily firm, to secure the 10-year, fixed-rate loan through an agency lender. The project was valued at $91 million last year by the Harris County ... Read More »

NextDecade Leases 1,000 Acres to Build Natural Gas Export Facility

TEXAS CITY, Texas – NextDecade has leased 1,000 acres at Shoal Point, a deep-water property where it is planning to construct a multi-billion dollar liquefied natural gas (LNG) export shipping facility, 40 miles southeast of Houston, near Galveston Bay. The Shoal Point site consists of 376 acres owned by the municipality of Texas City and 618 acres owned by the ... Read More »

Realty News Report: News Posts from the NAHB Builders’ Convention in Orlando

ORLANDO, Fla. – Realty News Report, the only Houston-based media outlet to attend the recent national builders convention in Florida, reports that a construction rebound appears to be brewing in the nation. Some 80,000 home builders, remodelers, developers, designers and their trade partners attended the National Association of Home Builders’ International Builders’ Show Jan. 10-12, 2017 at the Orange County ... Read More »

The Houston Ship Channel’s Emerging Land Shortage – Q&A with John Nicholson of Avera

Could Houston be facing a shortage of land in some real estate sectors?  Crazy as it seems for ever-expanding Space City, it could be possible, especially in a hot market such as the Houston Ship Channel.  To find out, Realty News Report contacted one of the city’s long time industrial brokers — John Nicholson, Executive Vice President of Development at ... Read More »

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