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Medical Properties 2020 – Q&A with Beth H. Young of Colliers International

HOUSTON – (Realty News Report) – Medicine is in the Houston real estate industry’s DNA – almost as much as energy is. With 1,345 total acres and $25 billion in GDP, the Texas Medical Center is the eighth largest Business District in the U.S. TMC’s campus encompasses 50 million developed square feet to say nothing of 9,200 total patient beds. ... Read More »

NIT Industrial Buys Building Adjacent to Amazon Facility

HOUSTON – (Realty News Report) – NIT Industrial has acquired a 151,260-SF distribution building near Highway 290 in Northwest Houston. The building, 12614 Hempstead Highway, is adjacent to an Amazon facility. The seller, STAG Houston 3, LP was represented by Ryan Byrd and Walker Barnett of Colliers International. Jason Tangen, also with Colliers International, represented the buyer, NIT Industrial. NIT Industrial purchased ... Read More »

Houston Could Be Headed for “Golden Era of Growth” – Tyler Mathisen Tells Colliers

HOUSTON – Stronger oil prices and the Trump administration’s pro-energy stance could be very good for the Houston economy, says financial broadcast journalist Tyler Mathisen. Mathisen, keynote speaker at Colliers International’s Trends 2017 event at the Houston Country Club Tuesday night, said President Donald Trump is putting pro-growth stamp on the nation in his first days in office. Trump completely ... Read More »

Southeast Houston Medical Building Sold

HOUSTON – Colliers International reported the sale of a 12,300 square foot medical office building located at 150 FM 1959 in southeast Houston. Beth Young and Marshall Clinkscales of Colliers International represented the seller in the transaction, WHGS Holdings Co. LLC dba Coastal Surgical Group. The purchaser was represented by Cameron Crouch of Gulf Coast Properties. The property was built ... Read More »

Colliers: Big Jump in Vacancy and Negative Absorption in Houston Office Market

HOUSTON – Houston’s office market posted 400,000 SF of negative net absorption during the third quarter of 2016 and the vacancy rate increased significantly, Colliers International reports. Houston’s city-wide office vacancy rate rose to 17.1 percent in the third quarter, up from 14.5 percent in the third quarter of 2015, Colliers reports. “Houston’s office market continues to struggle due to ... Read More »

Colliers Assists Woodside in its Medical Office Acquisition Quest

MISSOURI CITY, Texas – Rotunda Medical Properties, LP, an entity of Woodside Health/Crescendo Commercial Realty, made its first purchase in the fast-growing Sugar Land submarket of Houston Texas according to their broker Beth Young, senior vice president of Colliers International’s Houston office. Woodside has other properties under contract and is looking to acquire more, said Ted Barr, principal of the ... Read More »

Pasadena, Texas – Shopping Center Deals on Houston’s East Side

PASADENA, Texas – Colliers International announced John O. Harris Ventures, LP has sold the Fairmont Central Shopping Center  located at 4118 Fairmont Parkway in the Pasadena community, on the east side of Houston. The buyer was Fairmont Central LLC. Marshall Clinkscales of Colliers International, who brokered the deal, said in a recent interview job growth on the east side of ... Read More »

Q&A – Teresa Lowery of Colliers: The Highs and Lows of Today’s Multifamily Market

Houston’s multifamily market has seen better times. The sector’s pricing is weak, rent growth is close to disappearing and multifamily construction continues unabated. Free rent is being offered in some neighborhoods.  Can the situation get worse?  Or better? To find out where the multifamily investment market is headed, Realty News Report talked with Teresa Lowery, Senior Managing Director, multifamily, in the Houston ... Read More »

Houston’s Park Towers Office Project Getting $16 Million Redo

HOUSTON – TPMC Realty Corp. has launched a $16 million redevelopment of Park Towers, the iconic two towers in Uptown located on the east side of Loop 610 at Post Oak Blvd. Located near Memorial Park, the Park Towers were constructed in the early 1970s, one of the first major office developments along Loop 610 in what eventually became known ... Read More »

The East Houston Boom: The Explosive Bright Spot in a Lackluster Market

EAST HOUSTON (Realty News Report) – If you think Houston is only losing jobs, then take a ride to the city’s eastside. Drive by the ChevronPhilips chemical facility under construction in Baytown. It employs thousands of construction workers and will need approximately 400 full-time employees to run the plant once completed. “Unfortunately the upstream side — exploration and production — ... Read More »

Redevelopment of Greenspoint Mall?

HOUSTON – Greenspoint Mall, once one of the premier regional malls in Texas, is being marketed as a redevelopment opportunity. Greenspoint Mall, which opened in 1976, was a retail powerhouse in its heyday. However, the 1.4 million square foot north-Houston mall was bypassed long ago by The Woodlands Mall as growth moved northward. Lord & Taylor, J.C. Penney, Montgomery Ward ... Read More »

Oil and Houston’s Office Market: Q & A with Bob Parsley of Colliers

For more than three decades, Bob Parsley has been involved in all phases of the commercial real estate business.  A native Houstonian, he has an undergraduate degree from the University of Virginia (College ’76) and the University of Texas Law School (JD ’79).  He joined Colliers in 1983 where he is currently the co-chairman and one of the company’s principal ... Read More »

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