HOUSTON – (By Dale King, Realty News Report) – A study by RENTCafé, a national apartment search platform, draws two clear conclusions about major Texas cities: Rents are relatively low compared with the national average, and they show only modest variation across markets. “The peak rental season is winding down,” the study notes, “and the … Read more
Favorite Brands, a distributor of craft beer, wines and spirits, leased space in northwest Houston. HOUSTON — Favorite Brands, a family-owned distributor specializing in craft beer, boutique wines and premium spirits, has leased a new industrial facility in northwest Houston to support its expanding operations. NAI Partners negotiated a 91,200-square-foot industrial lease for Favorite Brands … Read more
HOUSTON – (Realty News Report) – Chicago Pacific Founders has acquired The Shores at Clear Lake, a 100‑unit senior living community in southeast Houston. The property is located on Space Center Boulevard, close to NASA’s Johnson Space Center. JLL represented the seller, Dallas‑based Meridian Realty Advisors, in the transaction and also worked on the buyer’s … Read more
Hess Tower, a Houston tower managed by CBRE, wins BOMA’s Outstanding Building of the Year Award. HOUSTON — Hess Tower, a prominent office building in downtown Houston, earned the International TOBY (The Outstanding Building of the Year) Award at the 2017 Building Owners and Managers Association (BOMA) International Conference & Expo in Nashville, Tennessee. Managed … Read more
Oakmont is developing a 673,785 SF spec warehouse near Interstate 10 west of Houston. HOUSTON – Atlanta-based Oakmont Industrial Group has begun construction on Oakmont West 10, a 673,785-square-foot speculative warehouse located within the West Ten Business Park along Interstate 10, west of Houston. The project sits on a 42-acre parcel that Oakmont acquired from … Read more
Rendering of 2 Houston Center redo planned by Brookfield Properties. Architecture: Gensler. Landscape design: Clark Condon. HOUSTON – Brookfield Properties has announced that Direct Energy LP has signed a lease for its corporate headquarters at 2 Houston Center, the Class A office tower at 909 Fannin Street in downtown Houston. Under the agreement, Direct Energy … Read more
HOUSTON – (Realty News Report) – Colliers International has been retained as a multi-year real estate advisor for Southwestern Energy, a natural gas exploration and production company headquartered in a Class A office campus in north Houston. Southwestern Energy is based in a 300,000-square-foot building in Springwoods Village, a 2,000-acre planned development in northern Harris … Read more
HOUSTON – (Realty News Report) – With the vacant Exxon Mobil skyscraper rising in the background and new residential towers filling the foreground, a small green space officially broke ground Friday in downtown Houston: Trebly Park. Located at 1515 Fannin Street, Trebly Park will occupy roughly three-quarters of a city block bounded by San Jacinto, … Read more
High Street Logistics Properties, a Boston-based real estate firm, purchased a 129,527-square-foot distribution facility in Baytown, Texas. HOUSTON – (Realty News Report) – High Street Logistics Properties, a Boston-based real estate firm, has acquired a 129,527-square-foot distribution facility in Baytown, near Houston. Completed in 2009, the Cedar Crossing Distribution Center is fully leased to Merih … Read more
Rendering of Thompson 10 which will be built in Baytown. BAYTOWN, Texas – Investment & Development Ventures LLC (IDV) and Sealy Co. have broken ground on Thompson 10 Logistics Center, a speculative industrial development totaling 390,222 square feet on 26.9 acres east of Houston. CBRE brokers Tom Lynch and Mark Redlingshafer represented IDV in the … Read more