Rand Stephens HOUSTON – A new report from Avison Young shows that Houston has one of the highest office vacancy rates in the United States. At mid-year 2017, Houston’s office vacancy rate stood at 16.8 percent, the second-highest nationally behind Fairfield County, Connecticut, which recorded 17.8 percent vacancy. Atlanta ranked third with a 16 percent … Read more
NEW BRAUNFELS, Texas – (Realty News Report) – CLX Ventures has finished New Braunfels Commerce Center, a 651,000-square-foot speculative industrial complex in New Braunfels, one of the fastest-growing small cities in the nation. Situated between Austin and San Antonio, New Braunfels has ranked among the nation’s fastest-growing cities since 2000, according to the U.S. Census … Read more
HOUSTON – (Realty News Report) – Land Tejas has acquired a substantial parcel in northwest Harris County to develop a new master-planned community called Cypress Green, adding to Houston’s robust homebuilding market. When fully developed, Cypress Green is expected to encompass approximately 646 acres and about 2,300 single-family homes. The community is situated along FM … Read more
Matt Damborsky HOUSTON – Bank of America appears poised to become the anchor tenant for Skanska’s proposed Capitol Tower in downtown Houston, a market that has seen rising vacancy amid a downturn in the energy industry and the arrival of new large-scale projects such as Hines’ 1 million-square-foot tower scheduled for delivery in the first … Read more
Rick Haughey, NMHC HOUSTON – (By Dale King, Realty News Report) – “We live in an age of disruption, and the multifamily industry, historically slow to adapt to change, is especially at risk.” A new report from the National Multifamily Housing Council (NMHC) delivers a stark assessment of the challenges facing the apartment sector. The … Read more
Michael Scheurich, CEO of Arch-Con Corp. HOUSTON – (By Dale King, Realty News Report) — In 2018 Texas led the nation in commercial real estate development, a trend that has created significant opportunities for Arch-Con Corporation, a Houston-based construction company concentrating on projects across the Lone Star State. A new report from NAIOP, the Commercial … Read more
HOUSTON – (Realty News Report) – Amazon has announced four new delivery stations in the Houston area to support its “last mile” delivery network. Ranging from 140,000 to 360,000 square feet, the four delivery stations are scheduled to open in 2021. The new Amazon delivery facilities, totaling approximately 860,000 square feet, are planned at the … Read more
Houston real estate briefs Allied Industrial Sales has leased 42,842 square feet at 3003 Highway 225 in Pasadena. The tenant was represented by John Luck and Griffin Rich of Newmark Knight Frank, while the landlord in the transaction was LIT Industrial Limited Partnership. ……………………………………………. Fluid Flow Products signed a lease for 26,520 square feet of … Read more
Chris Bergmann HOUSTON – (Realty News Report) – GenCap Partners, a Dallas-based multifamily real estate firm, has purchased 17 acres on West Lake Houston Parkway in Humble with plans to build a 350-unit apartment community. Named The Sarah at Lake Houston, the project will sit at 17810 West Lake Houston Parkway on Houston’s northeast side. … Read more
RNR Real Estate Briefs from Realty News Report – ROSENBERG, Texas – Taylor Schmidt, Reed Vestal, and John Erck of Lee & Associates – Houston represented multiple family trusts in the sale of 184.3 acres on Cottonwood Church Road in Rosenberg, located southwest of Houston. Pearland, Texas – 14800 Jersey Shore Drive, LLC recently sold … Read more