Patrick Phillips, CEO of ULI LOS ANGELES – (Realty News Report) – Houston, which led the nation’s real estate markets in 2015, has fallen dramatically to No. 60 in the Urban Land Institute’s latest ranking of the best U.S. markets for investment opportunity. Seattle claimed the top position this year. Austin, the three-year leader prior … Read more

5 Houston Center, in the center, is one of several properties around Houston’s Discovery Green Park. HOUSTON — Columbia Property Trust has sold three Houston office properties to Spear Street Capital for $272 million. The portfolio comprises roughly 1.2 million square feet and includes 5 Houston Center, Energy Center I, and 515 Post Oak Boulevard. … Read more

HOUSTON – (Realty News Report) — Johnson Development, a prominent national builder of master-planned communities, has announced Jubilee, a new residential project that will bring nearly 5,000 homes to northwest Houston. Jubilee will occupy 1,620 acres in Hockley, located just south of U.S. Highway 290 near the Grand Parkway. The word “jubilee” evokes celebration and … Read more

The Entech engineering firm leased space in this Energy Corridor building. HOUSTON — The Energy Corridor office market in west Houston has faced challenges in recent years as lower energy prices and industry layoffs increased vacancy rates and pushed up the amount of available sublease space. However, the market softness is creating opportunities for tenant … Read more

Cody Armbrister HOUSTON – (Realty News Report) – The Houston metropolitan area has grown by more than 1 million people since 2010, a surge that is driving strength in the region’s real estate markets and supporting the broader economy, according to senior CBRE executives. CBRE senior managing director Cody Armbrister noted new U.S. Census Bureau … Read more

Frank Nothaft Frank Nothaft, Chief Economist at CoreLogic, died suddenly and unexpectedly over the weekend at the age of 66. Nothaft, previously the Chief Economist at Freddie Mac, was a highly respected analyst of the housing market, mortgage finance and the broader economy. His research and commentary shaped industry understanding and informed decision-making across public … Read more

Rendering of a home for people with disabilities. HOUSTON – (By Dale King, Realty News Report) – Vita Living, a Houston nonprofit that supports adults with intellectual and developmental disabilities, has launched a $1.4 million campaign to build two new residential facilities: a single house for six residents and a duplex to accommodate up to … Read more

HOUSTON – (Realty News Report) – The historic Union Transfer and Storage Building on the northern edge of downtown Houston has been listed on the National Register of Historic Places. Listed on National Register of Historic Places Built in 1917 and located at 1113 Vine Street, the three-story, 99,000-square-foot office building has been officially added … Read more

HOUSTON – (By Dale King, Realty News Report) – Houston’s rental market closed out 2021 with one of its strongest years of rent growth on record, according to Bruce McClenny, president of ApartmentData.com. The firm’s Market Line report for December shows a 15.8 percent increase in apartment rents in the Houston region over the prior … Read more

Rendering of the Bayport South warehouse. HOUSTON – Panattoni Development Company and its equity partner, MetLife Investment Management, have started construction on a new 642,994-square-foot warehouse at 10575 Red Bluff Road in Pasadena, just outside the Port of Houston. JLL brokers Richard Quarles, Jarret Venghaus and Mark Nicholas are handling leasing for the development partnership. … Read more