Robert Clay HOUSTON – (Realty News Report) – Houston’s industrial market has evolved into a critical hub for large distribution users, and activity in the sector remains intense. According to NAI Partners, the city’s industrial development pipeline has climbed to levels not seen in over two years — roughly 12.4 million square feet compared with … Read more

Rendering of Caydon’s 27-story tower, which is under construction in Midtown. Architecture by Ziegler Cooper. Photo credit: Caydon Property via Lovewell Creative. HOUSTON — By Cynthia Lescalleet for Realty News Report — Midtown’s housing stock is rising: more units are being added and buildings are growing taller. Australia-based developer Caydon has reached the halfway point … Read more

HOUSTON – (Realty News Report) – Houston’s office vacancy rate has climbed to levels not seen since the 1980s, and the market’s recovery will likely hinge on how employers redesign and use their workplaces in the post-pandemic era, according to Madison Marquette. Nearly 51 million square feet of office space—equivalent to about 50 downtown high-rises—remains … Read more

Howard Hughes Corp. acquired the Lake Front North project last September for $53 million. THE WOODLANDS – (Realty News Report) – Howard Hughes Corp., the developer behind The Woodlands master plan, has secured major leases in its Lake Front North office complex, signaling strong demand for Class A office space in the area. Entergy, the … Read more

Marshall Clinkscales HOUSTON – (Realty News Report) – A lesson in perseverance that could be record-worthy. It wasn’t a blockbuster transaction, the site wasn’t glamorous, and it certainly wasn’t a quick flip. But in terms of sheer patience in real estate, this sale stands out. Marshall Clinkscales, executive vice president at Colliers International, recently closed … Read more

HOUSTON – (Realty News Report) – The hotel industry has been devastated by the COVID-19 pandemic. For the week ending April 18, Houston’s hotel occupancy rate fell to 23.9 percent, compared with 63.8 percent during the same week a year earlier, according to STR, a leading hotel research firm. STR reported Houston’s average daily room … Read more

HOUSTON – (Realty News Report) – A private investor group managed by Concierge Management and led by Akbarali Momin has acquired Fairway Retail Center, a fully leased neighborhood strip retail property in Pasadena. JLL Capital Markets marketed the asset on behalf of the seller, an affiliate of Camden Securities Company. Completed in 2002, the 50,000-square-foot … Read more

BP oil & gas HQ will occupy 86,000 SF in this new building being developed in Denver by Trammell Crow and Clarion Partners.  HOUSTON — BP is moving its U.S. onshore oil and gas headquarters from Houston to Denver. Several BP divisions, including BP America, currently lease office space in Houston’s Energy Corridor, but the … Read more

Regency Row DALLAS – Crescent Real Estate is completing the Tower Residences at the Ritz-Carlton with four upscale brownstone-style homes, each priced between $5.5 million and $6.5 million. Architect Robert A.M. Stern designed the homes, and Dallas-based Platinum Homes, led by builder Mark Molthan, will handle construction. Kyle Crews of Allie Beth Allman & Associates … Read more

NAI Partners executives discuss the Houston real estate market. Photo credit: Michelle Leigh Smith for Realty News Report. HOUSTON – (By Michelle Leigh Smith for Realty News Report) – The Houston office market remains sluggish, showing little movement compared with previous quarters. According to NAI Partners, total office vacancy in Houston was 20.1 percent in … Read more