Bill Gilmer: “We’re not a match.” HOUSTON – (By Michelle Leigh Smith, Realty News Report) – While Houston is widely regarded as a major hub for the plastics and energy industries, University of Houston economist Bill Gilmer says the city is not the best fit to host Amazon’s second headquarters. “We’re not a match in … Read more

In late 2017, a groundbreaking ceremony took place at The Woodlands Hills, a 2,000-acre development north of Houston that has since attracted strong buyer interest. THE WOODLANDS – (Realty News Report) – Home sales surged in The Woodlands Hills, a new 2,000-acre master-planned community being developed about 13 miles north of The Woodlands. Developed by … Read more

Jamie Mahoney HOUSTON – (By Dale King, Realty News Report) – Autonomous vehicles are poised to reshape office buildings, warehouses and shopping centers. In a new study titled “The New Industry Driver: How the Rise of Autonomous Vehicles Could Impact Future Real Estate Strategy,” researchers at Houston-based real estate firm Transwestern argue that the growing … Read more

Tray Bates HOUSTON – (By Dale King, Realty News Report) – A stronger U.S. dollar can benefit American workers and the economy, but it has also cooled interest from international buyers in purchasing U.S. homes, according to the chairman of Texas Realtors, which represents 130,000 members. “It was the total volume that dropped,” said Tray … Read more

The NorthPoint project will include 7 buildings with a total of 2.5 million SF. HOUSTON – NorthPoint Development has acquired 190 acres on Houston’s east side to build a 2.5 million-square-foot industrial park. Colliers International brokers Blake Gibson and Ryan Byrd represented NorthPoint in the transaction and will handle leasing and marketing for the project. … Read more

DENVER – (Realty News Report) — A new 30-story office tower in downtown Denver developed by a joint venture between Houston-based Patrinely Group and USAA Real Estate has been awarded LEED Gold certification in recognition of its sustainability. The 606,000-square-foot speculative office building on Fifteenth Street is named Block 162. “We believe Block 162 is … Read more

HOUSTON – (Realty News Report) – Sekai Hospitality, a newly formed Houston-based company, plans to open its first two nightclubs in Houston this fall. WYLD CHLD The first venue will occupy the former Benjy’s restaurant space at 5922 Washington Avenue. Described as an “elevated boutique nightclub,” the club will be named WYLD CHLD. Brooklyn-based designer … Read more

DALLAS – By Michelle Leigh Smith – Beyond square footage, Neiman Marcus remains a place that evokes memories of fashion, luxury, and the women who helped define an era. Those Neiman Marcus Memories Gilda Bayegan remembers the fragrance fountain at the 129,000-square-foot flagship store on Main and Ervay in Dallas from her childhood. “You could … Read more

HOUSTON – (Realty News Report) – Host Hotels & Resorts has purchased the 223-room Hotel Alessandra in downtown Houston for $65 million. The property, which had closed in January amid a challenging Covid-era business climate, was acquired prior to a scheduled foreclosure auction. The 20-story hotel at 1070 Dallas Street was developed by Houston-based Midway … Read more

Motiva’s new space in Allen Center will have a green roof terrace. HOUSTON — Motiva Enterprises has agreed to expand its headquarters within One Allen Center, the 34-story tower that will be renamed for Motiva. Under the new lease, Motiva, a company majority-owned by Saudi Aramco, will occupy 204,500 square feet—an increase of more than … Read more