ROSENBERG, Texas – (Realty News Report) – Wet Sounds, a manufacturer of high-performance marine and powersports audio systems, has announced plans to build a new facility in Rosenberg. The project will create 118,386 square feet of combined warehouse, fabrication and office space. Designed and to be built by Houston-based KDW, the new Wet Sounds facility … Read more

Las Vegas Convention Center. (Photo by Ralph Bivins, Realty News Report) LAS VEGAS — Despite earlier concerns that falling energy prices might weaken the local economy, both national and international retailers remain eager to expand into the Houston market. “We’re seeing renewed interest from national retailers wanting to be in Houston—particularly in neighborhoods like the … Read more

SEATTLE – (Realty News Report) – Nearly half of today’s homebuyers are submitting offers on homes they’ve never seen in person, according to a recent report from Redfin. “I predict that by the end of the 2020 homebuying season, the majority of homebuyers will have made a sight-unseen offer,” said Redfin chief economist Daryl Fairweather. … Read more

Rendering of Zadok development under construction in the Uptown Houston area. HOUSTON – The Zadok family of Houston marked the start of construction today on a new mixed-use development at 1801 Post Oak Blvd. in Uptown Houston. The project, long in the planning stages, will add office, retail and restaurant space to the high-profile boulevard. … Read more

HOUSTON – (Realty News Report) – Pending home sales reached their highest level in nearly five years, and the national housing market continues to run hot, providing strong momentum that should keep Realtors busy for the foreseeable future. In Houston, 2,390 home sales closed during the week ending August 31, an 11.7 percent increase compared … Read more

THE WOODLANDS – (Realty News Report) – Lexicon Pharmaceuticals has sold its office and research campus in The Woodlands to another life sciences company. The 12.4-acre campus comprises five buildings totaling 260,950 square feet at 8800 Technology Forest Drive in The Woodlands, north of Houston. San Francisco-based biopharmaceutical firm Nurix Therapeutics contracted to buy the … Read more

Midway’s CityCentre Five HOUSTON – (Realty News Report) – Midway has sold a majority interest in CityCentre Five, a 201,000-square-foot office building in West Houston. JLL brokers Kevin McConn, Rudy Hubbard, Rick Goings, and Michael Zietsman represented the owner, Midway Companies. Lionstone Investments purchased the majority interest on behalf of a client for an undisclosed … Read more

HOUSTON – (By Dale King, Realty News Report) – Texas and Florida have emerged as the top destinations for people relocating within the United States. According to recent estimates from the U.S. Census Bureau, California and New York are the biggest losers in domestic migration trends. From mid-2019 to mid-2020, the national population grew by … Read more

HOUSTON – (Realty News Report) – The tallest skyscraper in Texas — a 75-story tower that first opened in 1982 — has been officially renamed, building owners Hines, the international real estate firm, and an affiliate of Cerberus Capital Management announced. The building will now be known as JPMorgan Chase & Co. Tower. JPMorgan Chase … Read more

Eric Johnson HOUSTON – The medical office building (MOB) market in Houston is robust and continuing to strengthen, according to Eric Johnson, national director of healthcare at Transwestern. Current MOB vacancy sits at roughly 11 percent, Johnson said at the ULI Houston luncheon last week. That rate is expected to fall under 10 percent as … Read more