Rand D. Stephens, managing director of Avison Young in Houston HOUSTON – (Realty News Report) – Local real estate professionals generally agree that 2019 looks promising for Houston’s property market. There are sound reasons for optimism. Job growth has been strong: approximately 114,400 new positions were created in the twelve months ending in November. Some … Read more

Fulbright Tower, a 51-story building in downtown Houston. Photo: Brookfield Properties HOUSTON – (Realty News Report) – Netherland, Sewell & Associates has renewed its lease at Fulbright Tower, the Class A office building at 1301 McKinney Street in downtown Houston. Netherland, Sewell & Associates, an oil and gas consulting firm, renewed space totaling 25,543 square … Read more

HOUSTON – (By Ken Pinto for Realty News Report) – As home sales across Texas and the nation continue to outpace the homebuilding industry’s capacity, demand has produced severe bottlenecks throughout the construction supply chain. These disruptions have driven material costs sharply higher, reduced availability, and lengthened delivery times. According to the National Association of … Read more

Cameron Graham of Third Palm Capital. (Photo by Ralph Bivins, Realty News Report.) HOUSTON – Third Palm Capital has opened Republic Square, a major development on a large, heavily wooded parcel in Houston’s Energy Corridor that previously served as the Exxon Chemical campus. As confusion circulated about Republic Square, Realty News Report was the first … Read more

Gov. Martin O’Malley and Texas-based Realty News Report Editor Ralph Bivins at the Green Builder Sustainability Symposium in Orlando in January 2017. HOUSTON — Martin O’Malley, who campaigned for the Democratic presidential nomination last year, will speak in Houston next week at a forum hosted by the Kinder Institute for Urban Research at Rice University. … Read more

Rendering of the new Clay Development project to be built in Cedar Port. HOUSTON – Clay Development & Construction Inc., led by Robert Clay, is constructing a 349,440-square-foot, rail-served distribution facility in the Cedar Port Business Park on Houston’s east side. The site sits just east of FM 1405, within easy reach of the Port … Read more

DENVER – (Realty News Report) – A new 30-story office tower in downtown Denver has signed its first tenant. The building, developed by a joint venture between Houston-based Patrinely Group and USAA Real Estate, has leased a major portion of its space to a prominent local law firm. Sherman & Howard L.L.C., a Denver-based law … Read more

WeWork will open a location in the 609 Main at Texas building in downtown Houston. HOUSTON – (Realty News Report) – WeWork has leased space in Hines’ 609 Main at Texas tower for its second coworking location in downtown Houston. WeWork has committed to 56,000 square feet at 609 Main at Texas, a 48-story, 1.1 … Read more

ODESSA, Texas – Archway Properties has begun construction on a 28,222-square-foot build-to-suit office and industrial facility for TEAM Inc., a Sugar Land-based industrial services firm establishing a permanent presence in the Permian Basin of West Texas. The single-story office/warehouse will be built on a 5.2-acre site at 196 Allen Brown Rd. in Leeco Industrial Park, … Read more

HOUSTON – (Realty News Report) – The Menninger Clinic is constructing a 33,000-square-foot Outpatient Services Center on its 50-acre campus along Highway 90, a few miles south of the Texas Medical Center. The Houston-based, nationally recognized nonprofit psychiatric hospital plans to break ground on the new facility in November. Mental Health During the Pandemic “Our … Read more