Lisa Bridges, Colliers HOUSTON – Houston’s office vacancy rate surged over the past year, reaching 18.5 percent in the first quarter, up from 15.3 percent in the same period last year, according to Colliers International. New office space deliveries continue to enter the market even as energy companies scale back and return excess space. One … Read more
HOUSTON – (Realty News Report) – LEDG Capital, a Seattle-based investment firm focused on social impact, has acquired Scott Plaza, a 150-unit apartment community located in the Sunnyside neighborhood of Houston. The property was marketed by Berkadia’s affordable housing team, led by Scott Bray, Ryan Epstein and Jennifer Ray, on behalf of the seller, Scott … Read more
Ryan Searle Houston Industrial Market Expands as Distribution Demand Grows HOUSTON — The industrial real estate market in Houston is experiencing significant growth as the city strengthens its position as a major distribution hub, says Ryan Searle, an industrial broker with NAI Partners in Houston. Recent years have seen a surge in industrial construction across … Read more
Walker Barnett, Colliers International HOUSTON – A 35-acre parcel in North Houston has been acquired by Davis Commercial Development for a 560,000-square-foot distribution project. Davis Commercial Development will design and build Cypress Preserve Logistics Center, a new industrial park that will include two cross-dock buildings and two single-tenant facilities. The park is situated on Cypress … Read more
HOUSTON – (Realty News Report) – More than 35 percent of Houston’s single-family homes for sale in the first quarter were newly constructed homes, according to Redfin. Builders’ share of the market has been climbing nationwide, and housing starts have increased significantly. New-construction properties have steadily taken a larger slice of the market over the … Read more
John Nicholson Could Houston be running short of available land in some real estate sectors? It may sound unlikely for an ever-expanding Space City, but in certain hot markets—most notably along the Houston Ship Channel—land is becoming harder to find. To get a clearer picture, Realty News Report spoke with one of Houston’s veteran industrial … Read more
Charlotte Baldwin Allen HOUSTON — Downtown’s DoubleTree hotel is being rebranded as the C. Baldwin as part of a larger renovation of the Allen Center complex. The hotel’s name honors Charlotte Baldwin Allen, a pioneering figure in Houston’s founding who has often been overshadowed by her husband Augustus Chapman Allen, the New York real estate … Read more
HOUSTON – (Realty News Report) – Giorgetti Houston — a seven-story boutique mid-rise condominium carrying the name of the acclaimed Italian furniture maker — has officially opened. The building contains 32 residences with prices ranging from $1.9 million to $4.3 million. Developed by Stolz Partners, the condominiums are located at 2710 Steele Street near Kirby … Read more
Rendering of the Reverie project to be built inside the Loop. HOUSTON – A significant new residential development is underway near Post Oak Park and Loop 610 as long-established multifamily developer Martin Fein Interests prepares to start construction. Fein will break ground next month on a five- and six-story rental community at the northeast corner … Read more
HOUSTON – (Realty News Report) – Bold Fox Development, in partnership with Chesmar Homes, HistoryMaker Homes and Empire Communities, has acquired 469 acres on the northwest side of Houston in Waller County to build a master-planned community. The property sits north of Highway 290 near FM 362 and Owens Road, just north of the Beacon … Read more