Rendering of Skanska building under construction in downtown Houston. Architecture by Gensler. HOUSTON – Waste Management has signed a 15-year lease for 284,000 square feet in Skanska’s Capitol Tower, currently under construction in downtown Houston. The company will relocate its headquarters from 1001 Fannin to the new Skanska tower in 2020. This agreement brings the … Read more
Jason Presley, CBRE HOUSTON – (Realty News Report) – Houston’s competitive office market is showing signs of modest improvement, though a full recovery could still take several years. CBRE reports that 5.2 million square feet of Houston office space has been leased so far this year, compared with 4.2 million square feet during the same … Read more
John Nugent, chairman of the Houston Association of Realtors HOUSTON — (Realty News Report) — Houston home sales dropped 19.1 percent in April as the Covid-19 pandemic disrupted a housing market that had been strong in the first quarter. The Houston Association of Realtors reported 6,199 single-family homes sold in April, down from 7,666 in … Read more
HOUSTON – (Realty News Report) – A major redevelopment is planned for the 17-story downtown office building at 1111 Fannin after its recent acquisition by Triten Real Estate Partners and Taconic Capital Advisors. “1111 Fannin represents one of the best redevelopment opportunities in downtown Houston,” said Scott Arnoldy, Managing Partner at Triten Real Estate Partners, … Read more
HOUSTON – (By Dale King, Realty News Report) – Rising single-family home sales in Houston are lifting the rental market as well, according to Colliers’ report on the multifamily market for the second quarter of 2021. “Houston’s single-family home sales increased 13.6% year-over-year, pushing home prices to record levels,” Colliers notes. “That trend has helped … Read more
Ted Nelson HOUSTON – (Realty News Report) – West Houston has experienced remarkable growth over the past several decades. As the region continues to evolve, what does the future hold? Realty News Report spoke with one of the people who has been involved since the beginning — Ted Nelson, President & Chief Operating Officer of … Read more
The 96-unit Pine Lake Village apartment community in Houston was recently sold. HOUSTON – (By Dale King, Realty News Report) – Rents in Houston have been essentially flat over the past 12 months. Although there were small upticks in April, May and June, year-over-year rent growth in Houston is only 0.5%, well below the Texas … Read more
Eric Johnson of Transwestern, Alan Whitson, president of Corporate Realty Design and Management Institute, and Ralph Bivins of Realty News Report discuss real estate at the Texas Healthcare Real Estate conference. HOUSTON – Discussions about repealing and replacing the Affordable Care Act under the Trump administration have not slowed activity in the healthcare real estate … Read more
BELLAIRE – (Realty News Report) – UT Physicians has chosen Bellaire, located about four miles west of the Texas Medical Center, for a major new office facility. Transwestern Real Estate Services announced that UT Physicians has signed a 139,243-square-foot lease at Bellaire Station, located at 6500 West Loop South in Bellaire. The building, a long, … Read more
Rendering of proposed new resort on Tiki Island near Galveston. GALVESTON – (Realty News Report) – Austin-based developers Legend Communities and Tiki Time, LLC have unveiled plans for Tiki Island Residences and the Boathouse Resort, a new upscale waterfront community on Tiki Island near Galveston. Planned for a six-acre site, the development will combine residential … Read more