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Oil to Rebound to $70 a Barrel by Year-End, Houston Oil Analyst Predicts

HOUSTON – A leading energy analyst predicts the price of oil will surge to $70 a barrel by the end of the year, a sharp increase that offers hope to the shaky energy industry. In a speech before a crowd of 400 business people at the Houston Country Club Tuesday night, Brandon Blossman, managing director of research at Tudor Pickering ... Read More »

35-Story Apartment Tower Planned Next to Texas Medical Center

HOUSTON – A joint venture of Greystar and Medistar Corp. have announced plans to develop Ascent Med Center, a 35-story apartment project on the western edge of the Texas Medical Center in Houston. Groundbreaking for the 375-unit project will be in the first quarter of 2016 with Hoar Construction as the general contractor. The project, located at the corner of ... Read More »

Occidental Petroleum to Move 100 Employees to Houston Following Sale of Oxy Tower in Dallas

DALLAS – Some 100 Occidental Petroleum employees will be relocated to Houston following the sale of the 570,000-square-foot  Occidental Tower on the LBJ Freeway in Dallas. With a sales price of $90 million, the 24-story building, located just west of the Dallas Galleria, was purchased by a partnership of Dallas-based Encore Enterprises and New York Life Insurance, according to the ... Read More »

FedEx Ground Building 800,000 SF Distribution Center on Houston’s Grand Parkway

HOUSTON – FedEx Ground is developing an 800,000 SF distribution hub off of the Grand Parkway in the Cypress area. It will be the largest FedEx Ground facility in Texas, with 400 employees, upon completion in August 2017, FedEx Ground says. The 484-acre site was selected, FedEx Ground says, because of good access to major highways and work force and ... 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 »

The “F Word” Will Be Spoken in Houston in 2016

HOUSTON – The “F Word.” The word “foreclosure” will be heard by commercial real estate professionals in 2016. About a year ago, Houston was leading the nation in office building construction with some 17 million square feet underway and more projects proposed. Rental rates are going down and vacancies are going up. Sublease space is everywhere and more new buildings ... Read More »

Realty News Report Awards: The Best Residential Project of the Year

Ralph Bivins’ Realty News Report Awards – The Best of Houston 2015 Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the ... Read More »

Realty News Report Awards: Best Industrial Project of the Year

Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the smart professionals who are making them happen. Ralph Bivins’ Realty News Report ... Read More »

Realty News Report Awards: Best Hotel Project of the Year

Ralph Bivins’ Realty News Report Awards – The Best of Houston 2015 Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the ... Read More »

Q&A Steven Spillette: 2016 Presenting Challenges to Houston Home Building, Multifamily and Office Sectors

HOUSTON – Few people can judge the lay of the land better than an urban planner. Steven Spillette, an urban development strategist also experienced in real estate and urban planning, has done a variety of market studies and financial pro-forma analyses for private and public clients related to single family and multifamily residential, retail, office, industrial, hotel and meeting facilities, ... Read More »

Realty News Report Award: Best Substitution of The Year

Ralph Bivins’ Realty News Report Awards – The Best of Houston 2015 Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the ... Read More »

Realty News Report Award: Best Redevelopment of the Year

Ralph Bivins’ Realty News Report Awards – The Best of Houston 2015 Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the ... Read More »

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