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Real Estate Briefs: Houston, Dallas, Austin and National

Real Estate Briefs: Presented by “Houston 2020: America’s Boom Town” – The New Book by Ralph Bivins Read The New Book by Ralph Bivins, Editor of Realty News Report   Houston 2020: America’s Boom Town – An Extreme Close Up Available on Amazon  http://tiny.cc/4a2g6y HOUSTON BRIEFS – Keener Investments has acquired a 378-unit multifamily property in Spring, Texas. The Mira Bella  and ... Read More »

America’s Largest Industrial Park Completes Miles of New Rail Lines, NAI Reports

BAYTOWN, Texas – The 15,000-acre TGS Cedar Port Industrial Park – the largest rail and barge served industrial park in America – has completed construction on a massive amount of rail line. Located just east of Houston, the industrial park is meeting exceptional high demand from raw plastic pellet producers that use rail cars extensively. The developer, TGS Cedar Port ... Read More »

NAI Partners to Lease Tenaris Building

HOUSTON – Tenaris Global Services USA Corporation has selected NAI Partners to lease its office building at 2200 West Loop South. 2200 West Loop South, a 196,217 sf, 10 story – Class A office building is conveniently located within the West Loop/Galleria Submarket of Houston. Originally designed by Skidmore, Owings, and Merrill; the building was developed in 1974 and underwent a ... Read More »

NAI Partners: Houston’s Crane-Served Manufacturing Buildings Suffering Because of Oil Decline

HOUSTON – Demand for crane-served manufacturing buildings has declined sharply in Houston because of the drop in oil prices and drilling activity, according to a report by NAI Partners. Although other sectors of Houston’s industrial market are strong, the crane-served market has 1.4 million SF of sublease space available. Year-to-date the crane-served market has 1 million SF of negative absorption, ... Read More »

Spec Construction: Crane-Served Industrial Building Coming to West Side of Houston

HOUSTON – Vigavi West Ten has broken ground on a 22,500 SF speculative crane-ready industrial building at West Ten Industrial Park in Katy, west of Houston. “We have seen demand pick up for crane-ready buildings in West Houston,” says Luis Villarreal, managing prinicipal for Vigavi Realty. In 2015, the Parkside Capital, in partnership with Vigavi, purchased 35 acres for the ... Read More »

Digesting Houston’s Oversupply of Office Space May Take Years

  (By Ralph Bivins, Editor of Realty News Report.) There is no quick fix. The oversupply of office space in the Energy Corridor sector of west Houston is not going to be digested soon. The sublease belly-ache won’t pass overnight. The office market is fine in some parts of Houston. For the most part, the trouble is centered in the ... Read More »

Selling America’s Largest Industrial Park: The Q&A with Joel Michael of NAI Partners

(By Dale King) HOUSTON – Joel Michael of NAI Partners has a HUGE assignment. He’s selling development sites in the fifth largest industrial park in the WORLD – and the largest one in the United States – the TGS Cedar Port Industrial Park adjacent to Baytown, 35 minutes from downtown Houston. In the aftermath of the oil price crash, some ... Read More »

Khoshbin Sells Another Houston Property

HOUSTON – 8700 Commerce Park Drive, a 78,000 SF two-story multi-tenant office property located off Highway 59 between S. Gessner and Bissonnet in southwest Houston, was recently sold. Doug Pack of NAI Partners and Logan Brown of Logan Brown Investment Real Estate negotiated the sale of the property on behalf of the seller, Khoshbin Company of Los Angeles. Khoshbin, a ... Read More »

Clay to Develop 1.5 Million SF in Baytown

BAYTOWN, Texas – Clay Development & Construction will develop 1.5 million square feet of distribution space on 80 acres it just purchased in the Cedar Port Industrial Park in Baytown, east of Houston. The surge in plastic production at Gulf Coast chemical plants is driving the demand for more industrial space in the area, says Houston developer Robert Clay, president ... Read More »

Niche Office Building Breaks Ground in West Houston

HOUSTON — Arch‐Con Construction has started construction on a two-story office building near the Grand Parkway, west of Houston’s Energy Corridor in the Katy area. Mission Companies is the developer of the office project, called Grand Corners II. This 23,531 square‐foot tilt‐wall office building, 22316 Grand Corner Drive, will be a sister building to The Mission Companies’ existing Entrust Building, ... Read More »

NAI Investment Fund I Buys Building for Texas-Focused Fund

HOUSTON – NAI Investment Fund I has acquired a Class B office building in southeast Houston as part of a Texas-focused investment program. NAI has launched an investment fund seeking office and industrial multi-tenant properties in Houston, Austin, Dallas and San Antonio over the next 18 to 24 months, says Rob Evans of NAI. The fund bought the 75,000 square-foot ... Read More »

GEICO Makes Move to Richardson, a Magnet for Insurance Companies

RICHARDSON, Texas – GEICO is relocating its regional office, where 1,600 people work, to Richardson in the Telecom Corridor just north of Dallas. GEICO leased 233,000 square feet in a building that was formerly the headquarters of Fossil, Inc. Richardson has an array of large regional offices of insurance companies, including Blue Cross Blue Shield, State Farm and Travelers. The ... Read More »

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