President John F. Kennedy “There is no strife, no prejudice, no national conflict in outer space as yet. Its hazards are hostile to us all. Its conquest deserves the best of all mankind, and its opportunity for peaceful cooperation may never come again. But why, some say, the Moon? Why choose this as our goal? … Read more

Quality Laundry, built in 1932, is being redeveloped. HOUSTON – Urban developer Oxberry Group, known for its commitment to historic preservation, is redeveloping a prominent property at 1110 West Gray. The company has researched the building’s past and is transforming it into Rêve at Montrose, a project that blends the site’s history with contemporary urban … Read more

Michael Novelli HOUSTON — Cypressbrook Development Co., based in The Woodlands, has broken ground on Ariza College Station, a new 266-unit apartment community in College Station, northwest of Houston. The community is sited just east of the Highway 6 bypass, off Harvey Road (State Highway 30), approximately 2.5 miles west of the Texas A&M University … Read more

Hines to build downtown Miami’s first office tower in eight years. Rendering of Pickard Chilton designed tower. MIAMI – Hines has announced plans to develop a 45-story, 600,000-square-foot mixed-use tower in downtown Miami — the first new office tower in the city’s central business district in eight years. Named 110 10th Street, the tower will … Read more

Rendering of the Center for Petrochemical, Energy and Technology, a 145,000-SF training center being developed by San Jacinto Junior College in Pasadena. PASADENA, Texas — The Texas Gulf Coast is poised for a major expansion of its petrochemical industry, with roughly $40 billion in new plant investments announced. That scale of growth has intensified concerns … Read more

Davis Holdings purchased the 1500 McGowen building in Houston’s Midtown. HOUSTON — Davis Holdings, L.P., a company active in oil and gas as well as real estate investment, has acquired a fully leased, 33,000-square-foot office building located at 1500 McGowen Street in Houston’s Midtown neighborhood. The purchase was negotiated by Louis Rosenthal of JLL on … Read more

Rendering of the Westin Medical Center redevelopment, which will have significant street-level retail. Image: Pearl Hospitality HOUSTON – Seven new dining options are coming to the Texas Medical Center, addressing a long-standing shortage of convenient eateries for the more than 100,000 employees, students, physicians and the millions of patients who pass through the campus each … Read more

Mike Kennedy of Avison Young in Austin. Austin’s commercial real estate market is among the strongest in Texas, driven by corporate relocations and rapid expansion in high technology. The city’s economy remains healthy, adding 18,800 jobs in the twelve months ending December 2016, which has translated into notable growth in real estate activity. New downtown … Read more

HOUSTON – Rice University has unveiled plans to transform the former Sears store site in Midtown into a new innovation district designed to attract technology startups, entrepreneurs and venture capital. Rice owns 9.4 acres at the Midtown location, including the four-story Sears building at 4201 Main St., an adjacent Fiesta store, surface parking lots and … Read more

HOUSTON – (Realty News Report) – Houston, commonly known as Space City, now leads the nation with the highest office vacancy rate. According to Yardi Systems’ CommercialEdge report, Houston’s overall office vacancy rate reached 23.5 percent in February, significantly higher than the national average of about 15 percent. The city, which earned its Space City … Read more