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Category Archives: Houston

Finding Answers To Houston’s Flooding Problems: Q&A with Patrick Phillips, Urban Land Institute Global CEO

HOUSTON – (Realty News Report) – Houstonians are looking for answers. More than 100,000 homes and hundreds of commercial properties, schools and public performance halls were inundated when Hurricane Harvey dumped 50 inches of rain on the city in late August. Where has Houston failed in managing its drainage system? Should residential development be allowed near flood-control reservoirs? Why is ... Read More »

New Condo Projects Turn On Houston Buyers

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Easy upkeep. Great views. And you’ll never have to worry about flooding. More homebuyers are asking: What’s not to like about condominiums? “Condo sales seem to have picked up quite a bit in 2017,” says Amy Bernstein of Bernstein Realty of Houston. “Harvey played a big part in this, as ... Read More »

San Antonio Multifamily Firm Acquires 352 Units in Houston

HOUSTON – Valcap Group has acquired a 352-unit multifamily community in Katy, west of Houston in an off-market transaction, according to CBRE. The apartment property, The Remington Katy, now known as Luxe at Katy Apartments, is located at 22631 Colonial Parkway. Matt Phillips and Clint Duncan, both Senior Vice Presidents with CBRE in Houston, represented the seller, Conti Street Partners, ... Read More »

Houston and the Flip-Flop of Investor Sentiment

HOUSTON – (Realty News Report) – Fear of the Houston office market intensified about three years ago. The oil price crash whacked the energy companies, which dumped massive amount of office space onto the sublease market. Some office-building owners, like Cousins Properties, decided to hightail it out of town. Houston was an outcast in the capital markets world. Investors stayed ... Read More »

Hines New 32-Story Apartment Tower to Include City’s First “Chef Hall”

HOUSTON – (Realty News Report) – Aris Market Square, the new 32-story apartment tower developed by Hines in downtown Houston, will have the city’s first “chef hall.” The 9,100-SF ground-floor restaurant space, called Bravery Chef Hall, is “an evolution of a food hall and offers fine dining with the speed of counter service,” said Hines. Ziegler Cooper Architects, working in ... Read More »

Capital Retail Properties Develops Retail Center in Spring Area

HOUSTON – (Realty News Report) – Capital Retail Properties is developing the Shops at Spring Village, a 20,800-SF center at 2209 Spring Stuebner Road, near the Exxon Mobil campus. The initial tenants, including Dunkin Donuts, AT&T and Sports Clips, will open in the first quarter of 2018. Capital Retail Properties is a Houston firm led by Eric Walker, Anderson Smith ... Read More »

Houston Will Gain 45,000 Jobs in 2018, Predicts Economist Patrick Jankowski

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – Patrick Jankowski, the Greater Houston Partnership’s Senior Vice President, Research and Regional Economist, says he’s cautiously optimistic about the Houston economy for 2018. “I’m more excited about 2018 than I was about 2017 – we were dealing with a loss of 28,900 energy jobs, a loss of one in every ... Read More »

Hurricane Harvey Victims May Get Some Relief from Amended Tax Returns

HOUSTON – (By Dale King, Realty News Report) – Just three months ago, first responders poured into the Houston area to render immediate aid to millions of people harmed, displaced, traumatized and left with ruined homes, businesses and lost belongings after Hurricane Harvey. The wave of wind and rain dumped 50-plus inches of water on a region that’s still dealing ... Read More »

Charming Charlie to Close 100 Stores

HOUSTON – (Realty News Report) – Charming Charlie, a Houston-based retail chain, is expected to close about 100 of its 375 stores, according to news reports. The company recently announced plans reduce employee headcount at its Houston Corporate Support Center and Distribution Center. The firm also said it would shutter stores, but it did not specify the exact number of ... Read More »

Brookfield Acquires Houston Center for $875 Million; Major Redevelopment Planned

HOUSTON – (By Ralph Bivins, Realty News Report) – Brookfield Property Partners has finalized its acquisition Houston Center, a collection of four downtown skyscrapers and a 200,000-SF retail center. The $875 million sale of the 4.2 million SF Houston Center is one of the biggest real estate transactions ever completed in Houston. Brookfield is expected to spend heavily – well ... Read More »

PGIM/Hanover Buy 29-Story Apartment Tower

HOUSTON – A partnership of PGIM Real Estate and Hanover Co., a Houston-based multifamily firm acquired the 396-unit Mosaic at Hermann Park tower near the Texas Medical Center and Highway 288. The 29-story building has been rebranded as Hanover Hermann Park. The apartment building, is located near the Hermann Park Golf Course clubhouse and driving range at the corner of ... Read More »

Sales Up 127 Percent in Evolving Houston Sector

HOUSTON – (Realty News Report) – Warehouses are a hot item in Houston. Warehouse sales are up 127 percent year-to-date over the sales volume of 2016, according to a November report by NAI Partners. Houston is poised to break the $1 billion barrier soon. So far this year $984 million in industrial sales have been recorded. Institutional investors have accounted ... Read More »

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