HOUSTON – (Realty News Report) – Driftwood Capital, a commercial real estate firm focused on hospitality, has acquired the Hotel Indigo Houston at the Galleria, a 131-room property located in the Uptown submarket. “The hotel is well-situated in one of the largest business districts in the nation and adjacent to the Galleria, Texas’ largest shopping … Read more

HOUSTON – (By Dale King, Realty News Report) – Apartment rents in Houston showed clear improvement in early 2021. ApartmentData.com’s chart of rental prices and occupancy for 2019, 2020 and the first four months of 2021 reveals fluctuations, but a noticeable upward trend emerges as the data advances into 2021. After a low point in … Read more

HOUSTON – (Commentary by Ralph Bivins, Realty News Report) – The Astrodome stands as a testament to engineering innovation and Houston’s determined spirit. Once hailed as the “Eighth Wonder of the World,” the Astrodome captured the optimism and ambition of the 1960s. It can be restored to greatness with visionary leadership and a bold, future-focused … Read more

HOUSTON – (Realty News Report) – Oil prices climbed Tuesday morning, recovering some of the losses from last month when oversupply and increased production from Saudi Arabia and Russia drove domestic prices to historic lows. West Texas Intermediate crude rose to about $24 a barrel Tuesday morning, a significant rebound from April’s extreme lows when … Read more

Understory, located in the Skanska skyscraper that will open in downtown this year, will add to Houston’s food hall craze. HOUSTON – (By Ralph Bivins, Realty News Report) – Longtime Houstonians may recall when Sharpstown Mall introduced the new idea of a food court along the Southwest Freeway. Food courts, with their rows of fast-food … Read more

HOUSTON – (Realty News Report) — Younan Properties has acquired the Two Westlake Park office tower in Houston’s Energy Corridor as part of a planned expansion in the local real estate market. Two Westlake Park is a 17-story, 455,000-square-foot office building located within a larger business park that historically housed major energy companies. Previously owned … Read more

Levy Park, redeveloped in a public/private partnership with Midway, is a finalist for a major ULI international award. The park is west of Kirby Drive on the south side of Richmond Avenue. HOUSTON – Two years ago, Levy Park — a nearly six-acre green space on a dead-end street in Houston’s Upper Kirby District — … Read more

HOUSTON – (Realty News Report) – The Avera Companies, a Houston-based firm specializing in commercial real estate development, construction, and investment, has completed a major lease agreement with Hercules Inc. for space at Park 8, its distribution center in northwest Houston. Hercules, a manufacturer and supplier of polymer products to retailers, distributors and health service … Read more

COE Distributing leased space in redeveloped business park in northwest Houston. HOUSTON – COE Distributing, a national wholesale distributor of office furniture, has signed a 251,754-square-foot lease at Highland Grove Industrial Park, a redevelopment of the former Randall’s distribution center located near Highway 290. The property owner, CRP/CHI Randalls Owner, LP, was represented by Cory … Read more

The DesignHive floor at Brookfield’s 1600 Smith includes this workplace designed by Ziegler Cooper Architects. HOUSTON – (By Michelle Leigh Smith) – New thinking about the modern workplace hums on the 37th floor of one of Houston’s tallest buildings. That floor has been reimagined as DesignHive Houston — a kind of laboratory where concepts for … Read more