Wednesday , 13 November 2019
Breaking News

Tag Archives: Houston

Camden: Suffering Houston Apartment Market Braces for Surge in Fourth Quarter Deliveries

HOUSTON – The Houston apartment market, where 23,000 new units will be delivered in 2016, is getting softer, according to Camden Property Trust, a Houston-based apartment REIT with major multifamily holdings in the city. “We do expect further weakening in Houston in the fourth quarter,” said Camden President Keith Oden, in a conference call last week with securities analysts. “In ... Read More »

Enough Already – 2016 Record Year for Houston Apartment Construction

(By Dale King) HOUSTON – A third quarter report on the status of multifamily unit construction and occupancy in Houston says a record number of apartments is hitting the local market this year, most of them during the second half of 2016. And while this may look good in the Guinness Book of World Records, it’s not so good for ... Read More »

Don’t Mess with Texas Realty: Q&A With Vicki Fullerton, Chair, Tx Realtors Assn.

(By Dale King) HOUSTON – Realtor Vicki Fullerton, a broker associate at RE/MAX The Woodlands & Spring, took the stage at the Texas Realtors Conference in Galveston last month to take on the duties of chairman of the Texas Association of Realtors. The 38-year residential real estate veteran told Realty News Report during an interview that home builders “can’t keep up” ... Read More »

Crescent Fund Buys Six Multifamily Projects

FORT WORTH — Crescent Real Estate LLC, a Fort Worth-based firm led by John Goff, used its recently established investment fund to acquire six multifamily properties, including the RiverBend Apartments in the Houston area. The 192-unit RiverBend Apartments are located on Wesley Drive in League City, southeast of Houston near Interstate 45. Acquired by Crescent through “off-market” deals, the multifamily ... Read More »

Trademark Developing Westside Town Center on I-10

HOUSTON – Trademark Property Co., a Fort Worth-based developer specializing in mixed-use and retail, has agreed to develop an 82-acre town center on property owned by Westside Ventures Ltd. at the northwest corner of Interstate 10 and Mason Road in Katy, west of Houston. The first phase of project, covering 60 acres, will include retail, multifamily, office space and a ... Read More »

Post Properties Opens Houston Project Ahead of $4 Billion Merger with MMA

  HOUSTON – Post Properties has opened its newest Texas community, the 388-unit Post at Afton Oaks. Located in the exclusive Afton Oaks neighborhood, the property serves as the company’s third Houston-area development and is set to offer one- and two-bedroom apartment homes available for move-in October 1, with monthly rental rates starting at $1200. The $80.7 million community is located ... Read More »

Shell Oil Leaving Downtown Houston

HOUSTON – Shell Oil Co., a stalwart anchor for downtown Houston since 1971, is vacating the 50-story One Shell Plaza and other downtown office space. In the first quarter of 2017, Shell’s 3,400 downtown employees will transfer to suburban facilities — Shell’s Woodcreek Campus and the Shell Technology Center. Shell is subleasing its 350,000 SF in One Shell Plaza and ... Read More »

6,000 Jobs Forecast – New Daikin HVAC Factory Raises Employment Target from 4,000 to 6,000 at World’s Largest Tilt-Wall Building

(By Dale King) HOUSTON – The economic impact of the massive new Daikin Industries facility keeps getting bigger.
A company spokesman now says Daikin may have as many as 6,000 employees when the plant is fully operational in Northwest Houston. That’s a significant increase over the 4,000-employee work force that Daikin expected when the HVAC factory was announced last year. “We are ... Read More »

Q&A: Master Park Designer James Burnett: Tearing Down the Pierce Elevated and Other Transformative Ideas for Houston

When James D. Burnett founded his landscape architecture practice, the Office of James Burnett (OJB), in 1989 the Houston-based firm had one part time employee.  Within 14 years, OJB boasted 14 employees and had opened a second office in San Diego. A decade later, the firm took its brand to Boston. Today, OJB employs nearly 60 professionals in its three ... Read More »

IT’S FINISHED! – After 9 Years of Construction, the Panama Canal Expansion Will Boost the Port of Houston

(By Dale King) HOUSTON – With the opening of the expanded Panama Canal this past Sunday, and the promise of use by a new breed of mega-ships carrying vast numbers of cargo containers through the revamped, 102-year-old, trans-Central America channel, the Port of Houston is looking for its share of the impending action. “Frankly, we just want more volume. Content ... Read More »

Overbuilt? The Highs and Lows of Houston’s Apartment Market: Q&A with CBRE’s New Multifamily Group Leader

HOUSTON – Throughout the city, apartment construction is on the rise.  At the beginning of the year, Apartment Data Services reported 102 apartment complexes under construction — 28,969 units — and another 16,000 units in 56 communities proposed. The new construction occurs as Houston’s diversified economy is recovering. While oil prices have increased over the past several months, energy prices ... Read More »

Retail Rush : New 1 million SF IKEA Distribution Center May be Tip of the Iceberg for Retailers’ Warehouses

BAYTOWN, Texas – The new 1 million SF IKEA distribution center planned for the TGS Cedar Port Industrial Park near Baytown is a sign of things to come. At the CBRE press luncheon last week, Faron Wiley of CBRE’s industrial division says Houston has come of age in for retail distribution space. For years, Dallas has been the major warehouse/distribution ... Read More »

Scroll To Top