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Space City: Waiting for Recovery of Houston’s Office Market – Q&A with Charles Herder of Colliers International

HOUSTON – (Realty News Report) – Space City is living up to its nickname: it has a lot of office space and the figures are increasing. According to Colliers International, Houston’s citywide vacancy rate stood at 21.7 percent in the second quarter, up from the 18.8 percent recorded in Q2 2017. The sublease problem, exacerbated by Occidental Petroleum dropping 800,000 SF ... Read More »

Colliers: Dallas and Houston Were National Leaders in Medical Deals in 2017

HOUSTON – (Realty News Report) – Houston and Dallas rank near the top of new national rankings for investment sales in the healthcare sector, according to a new report by Colliers International. In 2017, Atlanta was No. 1 in medical-related real estate deals with $1.1 billion in sales. Los Angeles, with $973 million in sales, ranked second. Dallas, with $893 ... Read More »

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 »

The Q&A with Colliers International’s Charlie Herder: The Worst May Be Over for Houston

The world felt a seismic shift on November 9 when it was announced Donald Trump had won the U.S. presidency. The election of Trump, who has never held elected office, was a major surprise since all major polls predicted the election of Secretary Hillary Clinton. So what does it mean when an outsider like Trump is elected to the most ... Read More »

Update from Pipe Country: 80 Acres Sold in Northeast Houston

HOUSTON – Miller Road Realty purchased 80.4 acres on the northeast side of Houston on Highway 90, an industrial corridor that has vast amounts of outdoor pipe storage. Trey Erwin of Colliers International represented the buyer in the transaction. Erwin said plans for the property are for use as a pipe threading facility. Frank Blackwood of Capital Real Estate Commercial ... Read More »

Packers Plus Starts New Campus in Houston’s Tomball Area

Houston – A Canadian oilfield services company, undeterred by falling oil prices, has acquired 17 acres in the Tomball area of Houston where it will build a new manufacturing and R&D campus. Packers Plus Energy Services is building a 50,000 square-foot research and development center, a 237,000 square-foot manufacturing building and a 40,000 square-foot office building in the Tomball Business and Technology ... Read More »

Logistics Firm Leases 334,000 Square Feet

HOUSTON – Pathmark Transportation, a logistics operator that handles goods for Bed Bath & Beyond and other major firms, has signed four leases totaling 334,000 square feet of warehouse/distribution space to accommodate its growing business. Cameron Maness of Transwestern represented the logistics aggregator in separate transactions in Atlanta; Houston; Orlando, Florida; and Memphis. Pathmark’s expansion has been driven in part ... Read More »

Conor/USAA JV to Develop 525,000 Industrial Project Near Houston

HOUSTON – Colliers International announced the sale of a 36.24-acre tract of land in the northeast quadrant of Beltway 8 & U.S. 90A in Missouri City, near Houston, for development of an industrial project. A joint venture of Conor Commercial Real Estate and USAA Real Estate Co. will develop a three-building, 525,800-square-foot industrial project. Tom Condon, Jr., Senior Vice President in The ... Read More »

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