Mike Spears Houston is increasingly recognized as a major distribution hub. Large new industrial facilities are rising across the region as e-commerce reshapes retail and drives demand for warehouse and logistics space. To understand how these forces are affecting Houston’s industrial market, Realty News Report spoke with Mike Spears, managing principal of Lee & Associates’ … Read more

HOUSTON – (By Dale King, Realty News Report) – Before the COVID-19 pandemic hit in March 2020, rents across Houston neighborhoods were generally climbing. Since then, however, rental prices for multifamily apartments have trended downward, according to the October 2020 Houston apartment market analysis by ApartmentData.com. The report finds that overall rents in Greater Houston … Read more

Rand D. Stephens, managing director of Avison Young in Houston Toronto and Montréal, Canada – Mark E. Rose, Chair and CEO of commercial real estate services firm Avison Young, announced that Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional investors, has committed a $250 million preferred equity investment to accelerate … Read more

HOUSTON – (Realty News Report) – Skanska’s West Memorial Place office campus, which was damaged during Hurricane Harvey, has secured a new tenant: Crossmark Global Investments. Represented by Kevin Saxe of CBRE, Crossmark leased 16,000 square feet. Skanska was represented by Russell Hodges and Bubba Hawkins of JLL in the transaction. West Memorial Place sits … Read more

The 5718 Westheimer building, just west of Houston’s Galleria, is undergoing a major renovation. CBRE manages leasing for the tower. HOUSTON – The recent arrival of KHOU-TV Channel 11 as a major tenant, following flood damage at its previous location, combined with a $10 million renovation program, has sparked renewed leasing momentum at the 5718 … Read more

Patrick O’Connor HOUSTON – (By Dale King, Realty News Report) – Three months after Hurricane Harvey struck, first responders were still assessing the scale of devastation: millions of people affected, thousands of homes and businesses damaged or destroyed, and possessions lost to unprecedented flooding. Harvey delivered more than 50 inches of rain in some areas, … Read more

Sunrun, a residential solar company, leased space in Sugar Land as it expands into Texas. HOUSTON — Sunrun Inc., a leading residential solar company, has leased office and warehouse space in Sugar Land as part of its expansion into the Houston region. The San Francisco–based rooftop solar provider signed a lease for 12,150 square feet … Read more

The Common Desk coworking firm leased 30,000 SF in the 3040 Post Oak building. Photo credit: Stream Realty Partners HOUSTON – (Realty News Report) – Common Desk, a Dallas-based coworking company, has signed a lease for 29,093 square feet at 3040 Post Oak Boulevard, a Class A office tower located just south of Waterwall Park … Read more

Rendering of bungalow in new Heights development. HOUSTON – (By Dale King, Realty News Report) – Durham Drive appears to be following North Shepherd as the West 18th Street corridor develops into a lively retail and residential stretch. In response to that growth, sibling dentists Adel and Ahmed El-Deeb are establishing a high-tech practice in … Read more

DALLAS – Hines is developing The Strand, a new 135-acre corporate campus and mixed-use project that will feature approximately 1.5 million square feet of office space, 300,000 square feet of retail, and urban residential options organized around a greenbelt and waterway. The site sits at the intersection of State Highway 121 and Alma Drive in … Read more