Houston Real Estate News
Meritage Homes takes space in Westchase
NAI Partners closes out investment fund with retail purchase
NAI Investment Fund, an investment vehicle launched by NAI Partners in 2015, has added a retail property to its portfolio with the purchase of Spring Park Village in Spring.
Weingarten Realty: "Retail comes back a lot quicker"
"Generally speaking retail comes back a lot quicker than other things," Weingarten president and CEO Drew Alexander said Wednesday morning on a conference a call to discuss third-quarter earnings. "People need to replenish their closets and their freezers. Harvey was an incalculable, huge, unique amount of rain, but I do think the city and retail will rebound from it."
H-E-B announces groundbreaking for new Heights store
H-E-B will start construction on a new store in the Heights in November.
Montrose condo project embraces neighborhood history
A developer is resurrecting a high-end residential project planned in Montrose with a slightly different twist.
Real estate in brief: Welty Construction opens office near Galleria
Inside Houston's first 'micro condos'
Inside the first new "micro units" to be built in Houston.
Dallas-based investor buys Sugar Land office building
Dallas-based Velocis has acquired Two Sugar Creek, a six-story office building in Sugar Land. The 143,410-square-foot building, completed in 1999, is 84.7 percent leased. The new owners plans upgrades to the common areas and vacant tenant suites.
Office furniture company leases warehouse in Garden Oaks
A local office furniture company signed a nearly 32,000-square-foot industrial lease in Garden Oaks.
Lennar expands homebuilding to 3 northside communities
Lennar has started selling homes in three communities in the greater northeast Houston area. The builder is offering one- and two-story plans in Woodson's Reserve in Spring, The Groves in Humble, and Country Colony in Porter. The plans contain three to four bedrooms.
Baytown site of latest big-box logistics project
Houston-based Pontikes Development plans to develop a 3 million-square-foot distribution center in Baytown to serve companies handling products from plastic pellets to finished retail goods. The Port 10 Logistics Center, planned for eight buildings, will be built on 246 acres of undeveloped land near the southwest corner of Interstate 10 and Thompson Road. The first phase will include two cross-dock buildings, of 485,000 and 295,000 square feet, and is scheduled for completion in the third quarter of 2018. Two-thirds of the project will be rail-served, according to JLL, which is marketing the project for the developer.
Industrial leasing activity slows in the third quarter
Houston's industrial market saw a summer slowdown, according to a new report.
The Groves unveils more model homes, Harvey incentives
Home sales in The Groves are running more than 20 percent ahead of last year's pace. Ashlar Development is developing The Groves, a 1,000-acre community by in northeast Houston.
Post-Harvey recovery could take longer than Katrina
The clean-up and rebuilding period following Hurricane Harvey could outpace that of Katrina, with recovery lasting upwards of 20 months, a new report shows.
Halo House plans apartments for blood-cancer patients in Texas Medical Center
Friendswood's Fairfield community close to complete
Fairfield, a steady supplier of new homes in northwest Houston for nearly 30 years, is closing out. Friendswood Development Co. has 28 remaining home sites in the 3,200-acre master-planned community near U.S. 290 and Mason Road. The final homes, being built by Lennar, could sell out by year-end, the developer announced.
Houston hotel construction down after Harvey
Houston hoteliers were under construction on 4,494 hotel rooms in September, a 15 percent drop from last year.