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

HOUSTON – (Realty News Report) – H-E-B has reached an agreement with Fidelis Realty to build a new two-story grocery store at Meyerland Plaza along Loop 610 in southwest Houston, the company announced Thursday. The 95,000-square-foot development, first reported in October by Realty News Report, will replace the H-E-B at Chimney Rock and South Braeswood … Read more

Rendering of El Campo industrial building. EL CAMPO, Texas – Vitro Chemicals, a subsidiary of a major Mexico-based glass manufacturer, has committed to a new warehouse in the 540-acre Southwest International Gateway Business Park, a rail-served industrial development created to support cross-border trade. Located about 60 miles southwest of Houston in El Campo, the park … Read more

Lucian Bukowski HOUSTON — McGriff, Seibels & Williams Inc., a major insurance brokerage firm, will relocate from 818 Town & Country Blvd. to Memorial City. The company will occupy two floors totaling 69,448 square feet at 10100 Katy Freeway. The firm plans to complete the move in the fall of 2019. The six-story office building, … Read more

HOUSTON – (Realty News Report) – John Ferruzzo has joined KBC Advisors as the market leader in the firm’s Houston office. Ferruzzo brings experience from Transwestern and Partners Real Estate and will lead KBC’s local market strategy, client relationships and deal execution. HOUSTON – Melissa Kennedy-Hickey has been named director of leasing services at Williamsburg … Read more

HOUSTON – (By Dale King, Realty News Report) – Like nearly every industry affected by 2020, the seniors housing and care sector in Texas and across the United States has felt the severe impacts of COVID-19. Skilled nursing facilities experienced greater immediate losses than independent or assisted living communities, but demand-driven recovery is expected, according … Read more

HOUSTON – (Realty News Report) – Irvine, California-based Bascom Group LLC has continued its Texas acquisition streak by purchasing a 350-unit multifamily property in the Towne Lake master-planned community in Cypress. This purchase of Cantera at Towne Lake represents Bascom’s 36th multifamily property acquisition in Texas. “We underwrote over six billion in multifamily deals last … Read more

Chip Colvill HOUSTON – Galleria Office Tower 1, a 25-story office building in Houston’s Galleria district, has reached 85 percent occupancy after a comprehensive renovation and the signing of two new leases, Colvill Office Properties announced. Colvill Office Properties manages leasing for the 493,456-square-foot tower, which was built in the early 1970s as part of … Read more

Pearland Tower center. HOUSTON – (By Dale King, Realty News Report) – Pearland ranks as the eleventh most sought-after suburb in the nation for people who prefer renting over buying their homes. RENTCafé.com — a nationwide online listing service that helps renters find apartments and houses for lease across the United States — compiled the … Read more

HOUSTON – (Realty News Report) – Home sales in Houston surged 29 percent in September as historically low mortgage rates drew buyers into an unusually active fall market. The Houston Association of Realtors (HAR) reported 9,101 single-family homes sold in September, up from 7,050 a year earlier. September 2020 marked the strongest September on record … Read more