Uptown Park retail center, originally developed by Giorgio Borlenghi, is getting new tenants. HOUSTON – (By Dale King, Realty News Report) Store closures usually bring bad news: empty storefronts, job losses and declining foot traffic. Yet in Houston, the wave of retail failures over recent years has also created fresh opportunities. Vacant big-box properties left … Read more

HOUSTON – (By Michelle Leigh Smith, Realty News Report) – As 2018 began, institutional investors have refocused on Houston, and both the industrial and multifamily sectors still show room for growth. Experts at the BoyarMiller Annual Commercial Real Estate Forum at the Briar Club on Thursday painted an optimistic picture for Houston commercial real estate. … Read more

Rendering of the new Westin Medical Center redevelopment, which will feature significant street-level retail. Image: Pearl Hospitality HOUSTON – The historic Medical Towers building in the Texas Medical Center has been transformed into the 273-room Westin Houston Medical Center. The hotel recently opened in a mid-century modernist structure located across from Houston Methodist and Texas … Read more

HOUSTON – (By Dale King, Realty News Report) – The summer of 2020 has been a challenging period for many renters across Houston, according to the latest monthly report from ApartmentData.com, a firm that monitors multifamily market performance. Before the COVID-19 outbreak, occupancy had climbed above 90 percent, but rental rates had already begun a … Read more

Prepare for the New Year: The New Book by Ralph Bivins, Editor of Realty News ReportAvailable on Amazon HOUSTON – (Realty News Report) – In his timely new book, Houston journalist Ralph Bivins explores how Houston evolved into one of the nation’s fastest-growing and most entrepreneurial cities. Houston 2020: America’s Boom Town – An Extreme … Read more

The Two Sugar Creek building was acquired by Velocis. SUGAR LAND, Texas — Velocis, a Dallas-based private equity real estate manager, has acquired Two Sugar Creek, a 143,000-square-foot office building located in the southwest Houston suburb of Sugar Land. The seller, TA Realty, was represented in the transaction by HFF. The six-story building, completed in … Read more

Patrick Duffy HOUSTON – The Houston office market appears to have bottomed out and is beginning a slow recovery, according to Patrick Duffy, president of Colliers International Houston. “We expect the office market to remain somewhat challenged and to crawl along the bottom for a while,” Duffy said. “Unless major energy firms start leasing three … Read more

NEW YORK – (Realty News Report) – Renowned architect Robert A.M. Stern, celebrated for his work on high-rise residences, museums and college buildings, died at his home Thursday at the age of 86. Stern founded Robert A.M. Stern Architects (RAMSA) in 1969 and developed it into a prominent firm employing roughly 250 people and led … Read more

NEW ORLEANS – (Realty News Report) – Hurricane Ida, forecast to reach Category 4 strength, poses a significant storm surge threat to the Gulf Coast, putting an estimated 941,392 homes along the Louisiana, Alabama and Mississippi coasts at risk of surge-related damage, according to CoreLogic. CoreLogic, a property information and analytics firm, estimates the combined … Read more

HOUSTON – (Realty News Report) – Susman Godfrey has expanded its Houston office, increasing its presence to 76,856 square feet at Wells Fargo Plaza in downtown Houston. The 71-story tower at 1000 Louisiana is the city’s second-tallest office building. Susman Godfrey, a leading commercial litigation firm with offices in Houston, Seattle, Los Angeles and New … Read more