Greater Houston Real Estate

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Updated: 3 years 50 weeks ago

Planners envision a downtown Houston with driverless cars

Thu, 11/09/2017 - 02:22

City planners' ambitious 20-year vision for downtown Houston includes more of everything that has transformed the central business district into a more vibrant destination. More apartments, restaurants and shops. More walkable parks and attractions. More innovative startups and Fortune 500 businesses. But with new technological advances and cultural shifts, Central Houston Inc. also envisions a future when downtown denizens overwhelmingly use driverless cars, electric vehicles and ride-sharing apps to get around.

Montrose Management District ordered to pay back millions in assessments

Thu, 11/09/2017 - 02:22

A district court judge has ruled that the West Montrose Management District illegally collected nearly $6.6 million in assessments based on a petition now deemed void by the court.

Deal of the Week: Law firm renews HQ lease in Two Allen Center

Thu, 11/09/2017 - 02:22

Chamberlain Hrdlicka, a national business law firm founded in Houston more than 50 years ago, has renewed a lease for its longtime headquarters in downtown's Two Allen Center. The firm will continue to lease 55,178 square feet on the 13th and 14th floors at 1200 Smith until 2028. Renovations to Brookfield Property Partners' Allen Center complex factored into the firm's decision to stay and upgrade their own offices. "Chamberlain Hrdlicka is pleased to continue our longstanding relationship with Allen Center," Chamberlain Hrdlicka chief operating officer John Meredith said in an announcement.

Pinehollow Office Park space changes hands

Thu, 11/09/2017 - 02:22
2525 Inner Loop, an affiliate of Sean Finn, has purchased 2525 North Loop West, a 136,325-square-foot office building in the Pinehollow Office Park, from Lykes Building Holding Associates and Smetana Texas Realty Associates. Rudy Hubbard, Kevin McConn and Rick Goings of JLL handled the sale. The new owner plans to make improvements to the building aimed at attracting medical-office tenants, as well as adding retail spaces adjacent to the building. Finn has also invested in 2707 and 2727 North Loop West and the 24-acre Brookhollow Campus at 4400-4550 Dacoma Street, according to JLL. Riverway Capital Partners has purchased 1.3 acres at the southeast corner of Elmview and Neuens Road in the Spring Branch area from Clarence R. Johnston Jr.

Cane Island community now links to Interstate 10 with new parkway

Tue, 11/07/2017 - 02:35

The Cane Island master-planned community in Katy is now directly accessible to Interstate 10 with the opening of the four-lane Cane Island Parkway at U.S. 90.

EaDo may be Houston’s next hot office market, broker says

Tue, 11/07/2017 - 02:35

NAI Partners is working with two information technology firms interested in redeveloping old warehouses in EaDo into office space.

NAR report: Houston, Sherman, Dallas, Beaumont score high on home appreciation

Tue, 11/07/2017 - 02:35

Homes prices in Houston and eight other Texas markets rose in the third quarter along with the vast majority of metro areas, according to a new report by the National Association of Realtors. A lack of inventory across the country suppressed sales activity and kept prices rising, according to NAR. The median existing single-family home price gained 5.3 percent to $254,000 nationwide in the third quarter. In Houston, the median sales price hit $233,900, up 7.6 percent from a year earlier. Sherman, Beaumont and Dallas also posted higher appreciation rates than the nation.

The Wilshire: A tour of Houston's newest luxury condo tower

Tue, 11/07/2017 - 02:35

Condo developer Pelican Builders is putting the final touches on the Wilshire, a 17-story condominium tower bordering the tony River Oaks District.

HistoryMaker Homes accelerates home building after Harvey

Tue, 11/07/2017 - 02:35

HistoryMaker Homes has opened model homes in three communities and plans to double the number of homes it has under way in the aftermath of Hurricane Harvey.

World Series fans boost Airbnb bookings

Tue, 11/07/2017 - 02:35

Popular home-sharing service Airbnb said bookings in Houston were up 40 percent last weekend when the Astros and Dodgers played three consecutive World Series games at Minute Maid Park.

Moody National starts construction on 16-story Residence Inn by Marriott

Tue, 11/07/2017 - 02:35

Houston-based Moody National Cos. has started construction on a Residence Inn by Marriott at 7807 Kirby, just south of Main Street near NRG Stadium. The 16-story, 182-room hotel, designed by Mitchell Carlson Stone Architects, is scheduled to open in early 2019, according to Moody National. Arch-Con has been selected as general contractor.

Hines enters San Antonio apartment market with new project

Sun, 11/05/2017 - 02:54

Houston-based Hines plans to break ground early next year on its first multi-family project in San Antonio. The community, designed by Meeks + Partners, will be built on 11.4 acres at the southwest corner of Worth and La Cantera Parkway.

New homes sales rise while prices dip in Houston, reports HomesUSA.com

Sun, 11/05/2017 - 02:54

New home sales in Houston showed strength along with other large Texas markets in September, according to a new report by HomesUSA.com.

Deal of the week: Energy Corridor apartments get new owner

Sun, 11/05/2017 - 02:54
Houston-based GPI Real Estate Management Corp. has added a recently built apartment midrise in the Energy Corridor to its portfolio with the purchase of H6 in partnership with Hong Kong-based Wai Kee Holdings. Abacus Capital Group, a New York-based apartment developer and operator, completed the 293-unit complex in 2015. The property, at 14805 Grisby Road, near the southwest corner of Texas 6 and Interstate 10, did not flood during Hurricane Harvey or subsequent releases from the nearby Barker and Addicks reservoirs, according to HFF, which marketed it. The deal comes as Harvey has jump-started a recovery in Houston's overbuilt apartment market.

Popbar desserts arrive in Texas with opening of Baybrook store

Sun, 11/05/2017 - 02:54
Popbar, a frozen dessert chain that got its start in New York in 2010, has opened its first Texas location in Baybrook Mall. A rotating selection of more than 40 flavors of pops can be customized with dippings and toppings. Franchisee Vanitha Pothuri will host a grand opening Nov. 18. True Food Kitchen plans to open at Market Street–The Woodlands next summer. The restaurant, to be next to Grotto, has a menu based on seasonal fare with dishes that emphasize whole foods. Part of Phoenix-based Fox Restaurant Concepts, True Food Kitchen entered Houston with a location at BLVD Place in 2014. The concept was developed by Sam Fox and Dr. Andrew Weil with a menu based on the principles of Weil's anti-inflammatory food pyramid.

Sugar Land office park fills up after 11 lease deals

Fri, 11/03/2017 - 01:37

The Commerce Green Office Park in Sugar Land is now fully-leased after deals totaling more than 30,000 square feet at 245 Commerce Green Blvd.

Post-Harvey home repair permits quadruple

Fri, 11/03/2017 - 01:37

Building permits for residential remodeling more than quadrupled in the immediate aftermath of Hurricane Harvey, new data show.

Meritage Homes takes space in Westchase

Fri, 11/03/2017 - 01:37
Meritage Homes of Texas has leased 22,032 square feet at 3250 Briarpark in Westchase. David Baker and Jack Scharnberg of Transwestern represented the landlord. Neil Elliott and André Granello of Cresa represented the tenant. Dallas-based Velocis has acquired Two Sugar Creek, a six-story office building in Sugar Land. The 143,410-square-foot building is 85 percent leased. HFF represented the seller, Boston-based TA Realty. AmTrust Title Insurance Co. has subleased 4,800 square feet on the 13th floor of downtown's One Allen Center to accommodate expansion of its business across Texas. The Law Office of Kathryn N.

NAI Partners closes out investment fund with retail purchase

Thu, 11/02/2017 - 01:36

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.