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
HOUSTON – (By Dale King, Realty News Report) – When many people hear the lyric “Give me land, lots of land, under starry skies above,” they often think of Texas. A recent study shows that sentiment remains true as we move further into the 21st century. Five Texas metropolitan areas dominate the Top 10 among … Read more
Rendering of the Capitol Tower under construction in downtown Houston. Gensler designed the project. HOUSTON — Skanska announced on Wednesday that it has broken ground on Capitol Tower, a 35-story office building in downtown Houston, after completing a lease agreement with Bank of America. Bank of America has leased 210,000 square feet and plans to … Read more
HOUSTON – (Realty News Report) – Colliers International has strengthened its Houston office by hiring three leading multifamily investment brokers: Chip Nash, Todd Stewart and Bob Heard, all joining as senior vice presidents. These experienced Houston brokers will work alongside Colliers’ Senior Managing Director of Multifamily, Teresa Lowery, and Associate Jim Humphries to expand the … Read more
Patrick O’Connor HOUSTON – O’Connor, a Houston-based tax consulting firm led by Patrick O’Connor, has introduced the Federal Tax Refund Program to assist homeowners and business owners in accessing additional federal assistance to recover from hurricane damage. “The Federal Tax Refund Program offers one of the fastest ways for Texans to obtain meaningful financial relief,” … Read more
HOUSTON – (Realty News Report) – Colliers has appointed Cody Persyn to its Houston retail team as Senior Vice President. Persyn will focus on multi-market corporate dispositions of retail properties and the disposition of excess land. He brings more than 20 years of commercial real estate experience in the retail sector. “Colliers Houston’s retail platform … Read more
The sale of the Holiday Inn Express in Northwest Houston is one of several hotel transactions unfolding in the Houston area. HOUSTON — PKRS Management has purchased the 125-room Holiday Inn Express & Suites Houston Northwest on Huffmeister Road from Cypress Hotels Inc. The property adds to PKRS’s growing portfolio in the region and reflects … Read more
Harris County Judge Ed Emmett HOUSTON – (Realty News Report) – The Astrodome played a pivotal role in shaping Space City and reinforcing Houston’s reputation as a city that gets things done. Officially named the Harris County Domed Stadium, the Astrodome opened in 1965 and for decades served as home to the Houston Astros. Although … Read more
Tilman Fertitta HOUSTON – (Realty News Report) – Houston restaurateur and casino owner Tilman Fertitta has secured a $250 million loan carrying a 12 percent interest rate as his businesses cope with disruptions from the coronavirus pandemic. Fertitta said his operations are burning through roughly $2 million a day and he sought additional liquidity to … Read more
Houston skyline photo, with 5 Houston Center, which sold earlier this year. HOUSTON – Investment sales in Houston surged at midyear, climbing roughly 300 percent and pushing the city to fourth place nationally for investment sales, according to a new study from Avison Young. Last year’s downturn, driven by low oil prices, left uncertainty about … Read more