Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – The Astrodome played an important role in the development of Space City and Houston’s reputation as a can-do city. The Astrodome – formally named the Harris County Domed Stadium – opened in 1965. For decades, it was the home of the Houston Astros, the city’s winning team which is currently competing in the American ... Read More »

HOUSTON – (Realty News Report) – It may be worthy of a Guinness World Record. The deal wasn’t huge. The location was not sexy. And Lord knows, this was no quick flip. But when it comes to patience in the real estate business, this land sale takes the cake. After having a Pasadena tract of land listed for sale for ... Read More »

BOSTON – (Realty News Report) – Levy Park, a redeveloped park in the inner loop of Houston, has been named a winner of the Urban Land Institute’s Open Space Award, a worldwide competition. The six-acre park, located west of Kirby Drive on the south side of Richmond Avenue, opened in February 2017 after an extensive renovation. The ULI announced the ... Read More »

HOUSTON – (Realty News Report) – Houston’s office vacancy is getting worse, increasing pressure on landlords to cut rental rates, according to CBRE. The third quarter vacancy rate rose to 18.5 percent, up from 17.6 percent in the third quarter of last year, the CBRE MarketView report. The Houston office market has suffered through tough times for the last three ... Read More »

HOUSTON – (Realty News Report) – City Bank is relocating its Houston branch to Midway’s CITYCENTRE development in west Houston. City Bank, based in Lubbock, currently has its location at 10800 Bellaire Boulevard, Located near the Sam Houston Tollway and the Katy Freway, CITYCENTRE is a 47-acre mixed-use development with 350,000 SF of retail, 625,000 SF of office, 1,155 apartment units ... Read More »

HOUSTON – (Realty News Report) – More than a year after Hurricane Harvey hit Houston, how is the city recovering?  Is Houston prepared for another massive storm? What more can be done? To find out the answers to these questions, Realty News Report went to the top — to Mayor Sylvester Turner, the Executive Officer of the City. Elected in December ... Read More »

HOUSTON – (Realty News Report) – WorkSuites, a new co-working brand formerly known as Meridian Business Centers, is expanding in Houston. WorkSuites leased 30,355 SF 5th floor at 2001 Timberloch Place in The Woodlands. WORKSUITES works with John Pelletier and Greg Burns of ESRP as its national brokers, and Dan Boyles and Michael Mannella of NAI Partners on the company’s ... Read More »

HOUSTON – (Realty News Report) – King Ranch Saddle Shop leased 2,594 SF in CityCentre, Midway’s 47-acre mixed-use development near the Sam Houston Tollway in west Houston. The 825,000-acre King Ranch, located in south Texas between Corpus Christi and Brownsville, was founded in 1853 by Capt. Richard King. King established the leather goods business in 1867 in order to keep ... Read More »

HOUSTON – (Realty News Report) – The anniversary of the initial landfall of Hurricane Harvey is approaching. The storm arrived Aug. 25, 2017 and it stayed in the Houston area for days, pounding the city with 50 inches of rain and flooding more that 100,000 homes. A year later, voters are going to the polls to consider approving $2.5 billion ... Read More »

HOUSTON – (Realty News Report) – The Houston area added 94,600 new jobs in the 12-month period ending in June, one of the strongest job growth reports in years. More than 3.1 million people are now employed in the Houston area, according to the Texas Workforce Commission. The June job total represents a “significant jump” from the 81,200 jobs created ... Read More »

HOUSTON – (Realty News Report) – Houston is known as the world capital of space exploration, the world capital of air conditioning, the world capital of the international energy industry and the world capital of petroleum exploration. It might also be known as the world capital of Master Planned Communities (MPCs) — residential developments that include an unusual number of ... Read More »

HOUSTON – (Realty News Report) – A major residential play is unfolding in the Post Oak Park area near Loop 610 with long-time multifamily developer Martin Fein Interests starting a new project. Fein will break ground next month on a five- and six-story multifamily rental project at the northeast corner of Post Oak Park Drive and River Hollow Lane. The ... Read More »