HOUSTON – (By Dale King, Realty News Report) – Rent increases in Houston have been rare lately, and the same holds true for many other Texas metropolitan areas that were hit by the coronavirus pandemic. Bruce McClenny, president of ApartmentData.com, compiled data from a difficult 2020 and offered a cautiously optimistic outlook for the remainder … Read more
HOUSTON – (Realty News Report) – Stream Realty Partners has been named leasing agent for Riverway Houston, a downtown-adjacent campus of two Class A office buildings totaling 910,000 square feet. Situated near the southeast corner of Woodway Drive and South Post Oak Lane and owned by Unilev Management, Riverway Houston—comprising One Riverway and Three Riverway—completed … Read more
Transwestern Development has begun leasing at its new multifamily development in Houston. The community was designed by 5G Studio. HOUSTON — Transwestern Development Co. has opened the leasing center for its new multifamily community in the Tanglewood neighborhood of Houston. Named The Hayworth, the property comprises 246 residences at 1414 Wood Hollow Drive, near Voss … Read more
SUGAR LAND – (Realty News Report) – Songy Highroads has acquired Sugar Creek Place I, a 151,722-square-foot, Class A office building located along the Southwest Freeway in Sugar Land. The six-story property is currently 86 percent leased, according to Songy Highroads, an Atlanta-based real estate firm with substantial holdings in the Houston area. Over the … Read more
CustomSpace will operate in this building at 5301 Polk in Houston. HOUSTON – CustomSpace, a provider of flexible industrial workspace similar to co-working in the office sector, has leased 113,152 square feet at 5301 Polk Street in Houston. Brokers Barkley Peschel and Mike Davis of Colliers International, together with Trey Erwin of Lee & Associates, … Read more
Bob Hale HOUSTON – (Realty News Report) – Bob Hale, president and CEO of the Houston Association of Realtors (HAR.com), says real estate agents provide an essential service and should be exempt from the Harris County stay-at-home order. The Harris County Commissioners Court agreed and added Realtors to the list of businesses and workers allowed … Read more
HOUSTON – (Realty News Report) – Need a large block of office space quickly? Consider Houston. The city currently offers 93 buildings with contiguous blocks of 100,000 square feet or more available for immediate lease or sublease. Colliers International reports that 93 Houston properties have 100,000 SF or larger contiguous blocks of office space ready … Read more
Greenway Plaza HOUSTON – Parkway Inc. has agreed to sell a 49 percent stake in its Greenway office portfolio for $512 million, or roughly $210 per square foot. The transaction could mark an important turning point for Houston’s office market after several difficult years. The investment is one of the largest to materialize in Houston … Read more
Transwestern’s upscale Hayworth apartments. HOUSTON – (By Dale King, Realty News Report) – As baby boomers confront aging, empty nests and the rising costs of maintaining large homes, many are moving out of the family house and into apartment living. These downsizers don’t want to sacrifice the comforts and distinctive touches that made their houses … Read more
Patrick Jankowski, regional economist with the Greater Houston Partnership, speaks at Transwestern’s TrendLines event in Houston Thursday night. Photo credit: Ralph Bivins, Realty News Report. HOUSTON – Hurricane Harvey did not derail Houston’s economic recovery; it only delayed the rebound by a few months, says a leading Texas economist. “Hurricane Harvey had little impact on … Read more