Houston Real Estate News

Perry's Steakhouse opening turns up heat at historic River Oaks Shopping Center

Greater Houston Real Estate - Thu, 01/18/2018 - 02:22

A suburban steakhouse chain will open late this year in the historic River Oaks Shopping Center, the latest change to the much-discussed Art Deco retail landmark that's been modernized over the years much to the consternation of local preservationists.

New Orleans' Dat Dog picks Rice Village for first Houston location

Greater Houston Real Estate - Thu, 01/18/2018 - 02:22

Dat Dog, a popular New Orleans hot dog chain, is making good on its promise to expand to Houston in 2018 with its first location in Rice Village. Dat Dog has leased 2,919 square feet at 5504 Morningside Drive, according to brokerage firm Retail Solutions. The location will be just north of Hopdoddy Burger Bar in a building that previously housed Platform Houston campus.

Archway Properties starts mixed-use project in Humble

Greater Houston Real Estate - Tue, 01/16/2018 - 02:34

Archway Properties has kicked off Park Air 59, a 111-acre mixed-use development at the northeast corner of U.S. 59 and Will Clayton Parkway. The project, located in Humble, is designed to include retail, restaurant, industrial and services. Vital Heart & Vein has purchased 4.2 acres in the park for a 65,000-square-foot, three -story medical office building, NewQuest Properties announced. Houston-based Archway Properties is handling construction, with completion planned in mid 2018. Austin Alvis of NewQuest Properties and Preston Cunningham of Cunningham Ventures represented the seller, Archway WC59 Humble Ltd. Jeries Ganim of Commercial Regional Properties of Texas represented the cardiology group.

Katy's Cane Island community adds two builders

Greater Houston Real Estate - Tue, 01/16/2018 - 02:34

Taylor Morrison and Highland Homes have joined the lineup of home builders in Cane Island where they will build in the second phase of the Katy community. Phase two is planned for more than 250 homes on 100 acres. The community, on 1,200 acres north of the Katy Freeway at Cane Island Parkway, opened in 2015.

New York investor acquires 122,000 SF of industrial properties near Port of Houston

Greater Houston Real Estate - Tue, 01/16/2018 - 02:34

A New York investor has acquired nearly 122,000 square feet of industrial properties near the Port of Houston.

Camden Property Trust's downtown apartment tower permitted

Greater Houston Real Estate - Tue, 01/16/2018 - 02:34

The permits for the project at 1515 Austin St. total more than $52 million, and include a tower and parking garage, according to city of Houston records collected by real estate data firm Build Zoom.

Deal of the Week: Comerica gets naming rights

Greater Houston Real Estate - Sun, 01/14/2018 - 02:20
Comerica Bank will get its name at the top of 17-story Two Riverway building as part of a deal to relocate its Houston market headquarters from Brookhollow Central to the Galleria area midyear. The Dallas-based bank has leased 34,624 square feet in the building, according to Stream Realty Partners. The new office, just south of Woodway near South Post Oak Lane, will house Comerica's middle market banking, treasury management, small-business banking, wealth management and human resources operations, according to Comerica. Two Riverway's design and collaborative, high-tech workspaces factored in to the relocation decision. The bank will move from 219,000 square feet at Brookhollow II, 2900 North Loop West near U.S. 290, by August.

10 Houston master-planned communities make top-seller list

Greater Houston Real Estate - Thu, 01/11/2018 - 02:34
Ten Houston-area communities earned a place among the nation's 50 best-selling master-planned communities in 2017 even as Hurricane Harvey suppressed home sales for four weeks of the year, a new report showed. The 5,000-home Riverstone in Sugar Land and Missouri City remained the region's top-seller and was the only area development to crack the top 25 of the John Burns Real Estate Consulting survey. The Irvine, Calif.-based research and consulting firm focused on the housing industry has been compiling the list for eight years. It surveyed 370 communities to determine the rankings. Developments outside of Texas earned the highest rankings as the national economy and housing markets continued to improve.

Trendmaker Homes president Will Holder to retire

Greater Houston Real Estate - Thu, 01/11/2018 - 02:34

Will Holder, president of Trendmaker Homes and venerated industry leader, will retire at the end of March after 25 years with the Houston-based homebuilder.

Real estate in brief: Spring apartment complex Stoneleigh is sold

Greater Houston Real Estate - Thu, 01/11/2018 - 02:34
Hayden Properties has purchased the 216-unit Stoneleigh on Spring Cypress apartments at 7215 Spring Cypress Road in Spring. Joey Rippel, Todd Marix, Chris Curry, Chris Young and Connor Phillips of HFF marketed the property for the seller, Seneca Investments. The property consists of 11 three-story residential buildings with units averaging 881 square feet. Tyler Ford of HFF arranged acquisition financing. It is 94.4 percent leased. Cimeda Three has purchased a 46,000-square-foot office/warehouse facility at 15135 Jacintoport. Marc Drumwright with Southwest Realty Advisors represented the seller, ELGM. Chris Klein with Colliers International represented the buyer.

Bellagreen expands to Webster with Baybrook restaurant

Greater Houston Real Estate - Wed, 01/10/2018 - 02:24

Bellagreen, an eco-conscious restaurant that has been rebranding Ruggles Green restaurants across the Houston area, has signed a lease for a Webster location. The restaurant, planned to open in the third quarter, will anchor a new shopping center development by Houston-based Baker Katz. The 3,500-square-foot restaurant, the seventh for the chain, is being developed on Bay Area Boulevard between Interstate 45 and Texas Avenue, Baker Katz said.

La Marque shopping center planned near Lago Mar community

Greater Houston Real Estate - Wed, 01/10/2018 - 02:24

Houston-based Capital Retail Properties is developing La Marque Crossing, a 15,000-square-foot retail center next to the Lago Mar community.

Report: 4.6M SF of warehouses are under construction in Houston

Greater Houston Real Estate - Wed, 01/10/2018 - 02:24

Industrial construction is making a comeback in Houston, thanks to the rise of e-commerce, according to a new report.

Listen: Houston real estate deals and developments revealed in first annual 'Loopie Awards'

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47

Nancy Sarnoff, the Chronicle's real estate writer and host of Looped In, asked her social media followers to cast their votes for some of 2017's most outstanding real estate deals.

Report: Houston housing considered overvalued

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47

Houston-area home prices, which rose 3.5 percent in November compared with a year earlier, are considered overvalued, a new national report shows.

Industrial land prices skyrocket amid warehouse construction frenzy

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47

Industrial land prices have risen by double digits as developers scramble to build new warehouses and distribution centers in the e-commerce era.

Construction demand rises in Texas, U.S. amid labor shortages

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47
Demand for construction services will expand this year nationwide as contractors continue to face labor shortages, according to a survey conducted by the Associated General Contractors of America. More than a thousand firms across the U.S. filled out the association's questionnaire between November and December 2017. Respondents reported the most optimism for growth in the private office, manufacturing, retail and some aspects of the transportation sector, including airport systems. In Texas, K-12 school construction held the highest level of growth potential. Yet half of all respondents reported difficulty in filling both salaried and craft positions.

Great W'Kana Café, A Ma Maniere, Atelier Isabelle Rose to open at Upper Kirby project

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47

Great W'Kana Café, A Ma Maniere Atelier, Isabelle Rose have signed up for space in Kirby Collection, a new mixed-use development of Thor Equities in Upper Kirby.

Houston office market shows signs of recovery

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47

Houston companies picked up unwanted office space at a strong clip last year, any many were given loads of free rent and other financial perks for doing so.

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