Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – Houston’s multifamily market has been on a roller coaster ride these past 18 months. The market was relatively soft until Hurricane Harvey hit, then much of the multifamily sector vacancy disappeared. Now, as those Harvey renters move back into their homes, Houston’s occupancy scenario is changing again. Yet developers are still building new multifamily ... Read More »

SAN ANTONIO – (Realty News Report) – San Antonio commercial real estate developer Worth & Associates has secured Meritage Homes as the anchor tenant for its new Inwood Village office complex under development in San Antonio. The 77,000-SF office project is currently under construction at 2722 Bitters Road in North Central San Antonio. Meritage Homes leased 16,000 SF in the ... Read More »

HOUSTON – (Realty News Report) – Last month was the best October on record for home sales in an October. The Houston Association of Realtors reported 6,716 homes were sold in October 2018, up 4.7 percent from the 6,417 homes sold in October of 2017. The previous sales record for an October was set in October 2014 when 6,515 single-family ... Read More »

AUSTIN – (Realty News Report) – Newmark Knight Frank completed the sale of three multifamily communities (905 units) in South Austin. NKF vice chairman Patton Jones of the firm’s Multifamily Capital Markets group negotiated the trades. “The south Austin submarket is considered one of the strongest suburban submarkets due to multiple transportation arteries including IH-35, South Congress, South Lamar, and ... Read More »

HOUSTON – (Realty News Report) – With Dallas-Fort Worth ranked No. 1 in the nation, Houston is a real estate market on the rise and “has it all” as cited in the investment market rankings of Emerging Trends in Real Estate 2019 by PwC and the Urban Land Institute. Houston posted No. 37 of 79 U.S. cities, which is a big improvement ... Read More »

DALLAS – (Realty News Report) – Hines will develop a 39-story, 344-unit apartment tower in the 75-acre Victory Park project developed by Hillwood near downtown Dallas. The 500,000-SF residential building, called The Victor, will be built across the street from American Airlines Center arena. The building, which will include 10,000-SF of retail, was designed by Munoz + Albin, a Houston ... Read More »

HOUSTON – (By Dale King, Realty News Report) – The Houston metropolitan area has spent more than a year battling back from the destructive footprint left by Hurricane Harvey midway through 2017. And the effort to recover continues to succeed, says the Q3 2018 Houston Multifamily Report from Berkadia Real Estate Advisors, LLC. “The impact of Hurricane Harvey and the ... Read More »

HOUSTON – (Realty News Report) – An eight-level parking garage with 600 spaces will be built adjacent to the 34-story Phoenix Tower in Greenway Plaza near the Southwest Freeway at Buffalo Speedway. Construction will begin before the end of the year and be complete in late 2019, according to Greenway Plaza operator Parkway Property Investments, LLC. The new 247,000-square-foot garage ... Read More »

HOUSTON – (Realty News Report) – Waste Management has signed a 15-year lease with for 284,000 SF in Skanska’s Capitol Tower, which is under construction in downtown Houston. Waste Management will move its headquarters from 1001 Fannin to the Skanska building in 2020. With this lease, the office portion of the building is now 72 percent leased. The 35-story office ... Read More »

HOUSTON – (Realty News Report) – Houston’s office market remains challenging. The sector is seeing high vacancy, although leasing velocity has picked up somewhat in recent months. During the third quarter of 2018, according to NAI Partners, Houston’s office market had a vacancy rate of 21.5 percent, representing some 50 million SF of vacant space. NAI reports 8.8 million SF ... Read More »

HOUSTON – (Realty News Report) – Although there is currently too much office space chasing too few tenants, Houston’s real estate sector appears relatively healthy, with strong performances in the industrial, retail and hospitality segments. Will this trend continue into 2019? And is new product the only component of the sector? Is adaptive reuse gaining speed? To find out more ... Read More »

HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The Houston economy has recovered from its economic downturn and is moving forward again, said economist Robert W. “Bill” Gilmer, speaking at the C.T. Bauer College of Business Institute of Regional Forecasting’s symposium at the Hyatt Regency Hotel. “We’re in good shape in Houston,” said Gilmer, noting oil prices ... Read More »