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NAHB: The 2019 Outlook for Home Building

LAS VEGAS — (Realty News Report) Houston’s single-family housing market appears to be cooling slightly, as developers appear to have gotten ahead of themselves with new product. That was one of the takeaways from the National Association of Home Builders (NAHB) International Builders’ Show in Las Vegas Tuesday. NAHB Chief Economist Robert Dietz, who made the comments to Realty News ... Read More »

Real Estate Briefs

Aldi, the German-based discount supermarket chain, will open an 18,900 SF store in the Westchase district of Houston, in the Tanglewilde Shopping Center. It replaces a 21,300 SF former ACE Hardware location at 9525 Westheimer Road that closed last year. Kristen Moore, with Brixmor Property Group, said Aldi is scheduled to open in the fourth quarter of 2019. ……………… STA ... Read More »

Researchers Say Houston’s Retail Sector ‘Healthy, But Flattening’

HOUSTON – (By Dale King, Realty News Report) – Houston’s retail market racked up some pretty impressive numbers in the final quarter of 2018. But even by then, dark clouds were beginning to gather on the horizon. The Bayou City’s “retail sector ended 2018 strong with increased activity and a low vacancy rate of 5.3%,” says a report compiled by ... Read More »

Transwestern Announces 833,000-SF Project in Northwest Houston

HOUSTON – (Realty News Report) – Transwestern Development, in partnership with JP Morgan Asset Management, is developing the Sam Houston Distribution Center, which will have three industrial buildings totaling 833,720 SF and other development. The 60-acre project is near Fairbanks North Houston Road, between Taub Road and Fallbrook Drive. The seller of the land was Texan Land and Cattle II ... Read More »

Pearland No. 11 in National Multifamily Rankings

HOUSTON – (By Dale King, Realty News Report) – Pearland is the ranked as the eleventh most-coveted suburb in the nation by people who’d rather rent than buy their domicile. RENTCafé.com — a nationwide internet listing service enabling renters to find apartments or houses for lease throughout the United States – developed that statistic. In a recent study, the researchers ... Read More »

Keener Buys Value-Add Property in Clear Lake; Seeks More Multifamily

HOUSTON – (Realty News Report) – Keener Investments  acquired a 150-unit multifamily property in Clear Lake City at 17700 El Camino Real. The property will be managed by Keener Management and Keener Construction will renovate the unit interiors, upgrade amenities, and perform exterior upgrades. “Terrace Villas is our fifth closed transaction in the Houston Bay Area,” said Stephen A. Smith, ... Read More »

Indus Buys Houston Apartments

HOUSTON – (Realty News Report) – Indus Management Group, a Houston-based firm led by Manu Gupta, bought the 164-unit Vanderbilt Court apartments, 12630 Ashford Point Drive, near the Westpark Tollway. HFF’s Joey Rippel and Chris Young marketed the property on behalf of the seller, Thirty Seventh Parallel. The southwest Houston apartment complex was built in 1983. Indus, with a 7,000-unit ... Read More »

New Office Tower Breaks Ground in Houston’s Inner Loop

HOUSTON – (Realty News Report) – Stonelake Capital Partners held a ground breaking celebration Wednesday for Park Place Tower, a 15-story, 210,000-SF Class-AA office building located “inside the loop” at 4200 Westheimer Road within the Park Place | River Oaks development. Park Place | River Oaks is an 11.5-acre mixed-use development at the intersection of Westheimer Road and Mid Lane in ... Read More »

Home Sales Sluggish in January

HOUSTON – (Realty News Report) – Houston’s home sales were sluggish in January, as is typical in the first month of the year.  Houston Association of Realtors reported 4,100 single-family homes sold in January compared to 4,462 a year earlier. That represents an 8.1 percent decline – the third straight month of falling sales. Consistently, January is the slowest month ... Read More »

Transwestern Appoints Chip Clarke President of Firm’s West Region

HOUSTON – (Realty News Report) – Transwestern announced Chip Clarke has been named President of Transwestern Commercial Services’ West Region, overseeing client service delivery and business development initiatives throughout California, Arizona, Colorado, Nevada, Utah and Washington. This new position is part of the company’s transformation to a broader, three-region approach to commercial services, which is designed to inspire high performance, capitalize ... Read More »

Dallas Led Nation in Housing Starts in 2018; Houston was No. 2

HOUSTON – (Realty News Report) – Dallas-Fort Worth led the nation last year with 34,750 single-family home starts, according to Metrostudy. Houston ranked No. 2 with 30,146 starts in 2018, up 10.4 percent from 2017, Metrostudy reported. The Central Florida market was third with 28,074. Austin ranked ninth in the nation with 16,424 home starts. San Antonio was thirteenth with ... Read More »

Chef Killen Buys Steakhouse Building in The Woodlands

HOUSTON – (Realty News Report) – Killen’s Steakhouse acquired a shuttered restaurant property in The Woodlands which will be re-opened under the Killen’s flag this spring. An opening is anticipated within 60 days at 1700 Research Dr. in Shenandoah – an 8,500-SF restaurant in turn-key condition. The building, developed in 2013 on 2.35 acres, is located on one of the ... Read More »

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