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Category Archives: Houston

3 Million SF Industrial Project Underway Near Ship Channel in Baytown

HOUSTON – (Realty News Report) – Houston-based Pontikes Development is set to break ground on Port 10 Logistics Center, a rail-served industrial development with 3 million SF of warehouse and distribution space on Interstate 10, near the Houston Ship Channel. The 246-acre development will be located at the southeast corner of Thompson Road and I-10 in Baytown. The first phase ... Read More »

Rice University Supporting Houston’s Bid For Amazon’s Massive Second Headquarters

HOUSTON – Rice University, which controls the old Sears store and almost 10 acres surrounding it in Houston’s Midtown district, is supporting Houston’s effort to secure Amazon’s massive “second headquarters.” Thursday is the deadline for cities to submit proposals to Amazon to secure the $5 billion headquarters, which will have 50,000 employees and 8 million square feet of office space ... Read More »

TransCanada Moving Into Downtown Tower as Bank of America Moves Out

HOUSTON – The 56-story Bank of America Center is losing its namesake financial tenant. But the noteworthy tower is quickly finding other tenants for the 1.2 million SF skyscraper. TransCanada has signed a lease to expand its office space by 82,916 SF on three floors in the tower, 700 Louisiana. Now TransCanada, which acquired Columbia Pipeline Group in 2016, will occupy a ... Read More »

Costello Engineering Takes Chunk of Statoil Sublease Space in Westchase

HOUSTON  – (Realty News Report) – CBRE arranged a 35,000-SF long-term sublease on behalf of Costello Engineering at CityWestPlace in the Westchase submarket of Houston. The Houston-based engineering and surveying firm plans to relocate its 140 employees from 9990 Richmond in April 2018. The building was formerly a single-tenant corporate campus for Statoil, the Norwegian energy firm that had placed many ... Read More »

Banyan Equity Group Buys Seabrook Multifamily Community in SE Houston

SEABROOK, Texas – (Realty News Report) – An investment entity led by Shelley Hunt-Nichols of Banyan Equity Management has acquired the 216-unit Edgelake Apartments on the southeast side of Houston. Edgelake Apartments, built in 1984, are located at 3010 E. NASA Parkway and are 95 percent occupied. Clint Duncan and Matt Phillips of CBRE represented the seller, SEC Edgelake LLC ... Read More »

Boxer Property’s Andrew Segal May Have Sniffed Out a New Zone of Real Estate Opportunity

HOUSTON – (Realty News Report) – Boxer Property CEO Andrew Segal, a bellwether in Houston real estate investment, has made a play on the Pierce Elevated, a downtown freeway destined to be torn down. Boxer just purchased the 136,000-square-foot St. Joseph Professional building, which about 100 feet from the elevated freeway. TxDOT is planning to re-route the Pierce Elevated, which ... Read More »

Huge Rainwater Harvesting Cistern and Rooftop Park for New Houston Tower

HOUSTON – A 50,000-gallon rainwater harvesting cistern will be installed – along with  a green rooftop park – at the new Skanska skyscraper under construction in downtown Houston. The captured water will be used to sustain the 24,000-SF Sky Park at Capitol Tower, which will be located on the 12th story above street level. OJB Landscape Architecture designed the park, ... Read More »

All-Time Record: September Home Rental Activity Up 86 Percent as Houstonians Seek Refuge From Hurricane Harvey

HOUSTON – (Realty News Report) – Houstonians leased a record number of single-family homes in September, as the Hurricane Harvey’s damages prompted an 86 percent increase in rental activity. With an estimated 70,000 homes suffering damage from the storm, many homeowners were left with no choice, but to seek shelter in rental housing. In the aftermath of the storm, which ... Read More »

Houston Home Sales Up 14 Percent in September as Residential Market Shakes Off Hurricane Impact

HOUSTON – Houston home sales bounced back after Hurricane Harvey, registering a 14 percent jump September over the flood-ravaged August. “I don’t think anyone expected to see home sales in positive territory this soon after a natural disaster of Harvey’s magnitude, but the September report speaks volumes about the incredible resiliency of the Houston real estate market,” said HAR Chair ... Read More »

Bridgeway Capital Leases Space in the former Innova Building

HOUSTON – The Bridgeway Capital Management investment firm leased 14,256 SF in the 20 Greenway Plaza building in the Inner Loop of Houston. Griff Bandy of NAI Partners represented the tenant. The landlord, 20 Greenway Plaza LLC, was represented by Steve Rocher of CBRE. The 20 Greenway is a 10-story, 470,000-SF building near the intersection of Weslayan and Richmond Avenue. ... Read More »

Searle Ready for Houston’s Industrial Evolution at NAI Partners

HOUSTON – The Houston industrial market is evolving, says Ryan Searle, industrial broker in the Houston offices of NAI Partners. Industrial construction has been on rise, Searle says, as Houston has gain prominence as a distribution hub. Large distribution projects, much bigger than what has been typical in the past, have been built in recent years. A 900,000-SF facility is ... Read More »

Number of Craft Breweries in Texas Up 990 Percent, CBRE Reports

AUSTIN – (Realty News Report) – The number of craft breweries in Texas grew 990 percent in the past 12 years, up from 20 in 2005 to 218 in 2017, according to new research from CBRE. The driving force behind the craft beer revolution in Texas is microbreweries, which grew by nearly 5,000 percent, up from three in 2005 to ... Read More »

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