Greater Houston Real Estate

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Updated: 4 years 26 weeks ago

Weingarten Realty: "Retail comes back a lot quicker"

Thu, 11/02/2017 - 01:36

"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

Thu, 11/02/2017 - 01:36

H-E-B will start construction on a new store in the Heights in November.

Montrose condo project embraces neighborhood history

Tue, 10/31/2017 - 01:27

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

Tue, 10/31/2017 - 01:27
Värde Partners, a global alternative investment firm, has opened a 3,464-square-foot office at 609 Main to strengthen its investment capabilities in the energy sector. The new Houston office will be led by Markus Specks, Värde Partners managing director and leader of the firm's energy business. Welty Construction has opened a Houston office at 3050 Post Oak Blvd. The company, part of Ohio-based Welty Building Co., has been awarded a contract for a large residential complex in College Station. Orion Healthcorp has leased 10,844 square feet at Westchase III, 3200 Wilcrest. Eugene Terry and Louie Crapitto of JLL represented the tenant.

Inside Houston's first 'micro condos'

Tue, 10/31/2017 - 01:27

Inside the first new "micro units" to be built in Houston.

Dallas-based investor buys Sugar Land office building

Tue, 10/31/2017 - 01:27

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

Tue, 10/31/2017 - 01:27

A local office furniture company signed a nearly 32,000-square-foot industrial lease in Garden Oaks.

Lennar expands homebuilding to 3 northside communities

Sun, 10/29/2017 - 01:32

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

Fri, 10/27/2017 - 02:18

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

Fri, 10/27/2017 - 02:18

Houston's industrial market saw a summer slowdown, according to a new report.

The Groves unveils more model homes, Harvey incentives

Thu, 10/26/2017 - 01:54

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

Thu, 10/26/2017 - 01:54

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.

Friendswood's Fairfield community close to complete

Thu, 10/26/2017 - 01:54

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

Mon, 10/23/2017 - 02:08

Houston hoteliers were under construction on 4,494 hotel rooms in September, a 15 percent drop from last year.

Retail Wrap: Urgent care chain picks site in Katy

Mon, 10/23/2017 - 02:08
MedExpress Urgent Care has leased a 1.55-acre site in Grand Morton Town Center at the Grand Park-way and Morton Ranch Road, Katy, from NewQuest Properties, for its first area location. The West Virginia provider is building a 4,700-square-foot urgent care center. Josh Friedlander and Rebecca Le of NewQuest Properties represented the landlord. Stephen Tou and Zac Hoffer of the Retail Connection represented the tenant. Waffle House has purchased a 0.44-acre site at Shops at Spring Town Center from NewQuest Properties. Bob Conwell and Ashley Strickland of NewQuest Properties represented the landlord. Drew Joiner of Waffle House represented the buyer. The center is at FM 2920 and Kuykendahl Road in Spring.

Real estate in brief: Aquilon Energy expands locally with downtown Esperson lease

Mon, 10/23/2017 - 02:08
Aquilon Energy Services has leased 4,619 square feet at Esperson, 808 Travis. The company, based near Chicago, developed the Energy Settlement Network, a cloud-based platform to automate wholesale energy settlements. Reggie Beavan and Evan Roland of Jackson Cooksey represented the tenant. Jano Nixon Kelley of Cameron Management represented the landlord. Colony NorthStar has acquired the Bayou Bend Business Park, 8520 S. Sam Houston Parkway West, as part of a national portfolio. The fully leased property, developed by Stream Realty in partnership with Thackeray Partners, consists of two buildings totaling 378,380 square feet. CBRE National Partners brokered the deal.

Capitol Tower to have 'floating' sky park with downtown views

Mon, 10/23/2017 - 02:08
A sky park 12 floors above street level will be part of downtown's Capitol Tower when it opens in 2019. Skanska, which is developing the 35-story office building with Bank of America as the lead tenant, revealed the green roof as a sustainability feature. The 24,000-square-foot park, which represents the size of about half a city block, will provide views of Pennzoil Place, 712 Main and Esperson. Winding paths bordered by native plants and grasses and shaded by arbors and roofs, will provide a spot for tenants and private corporate events. "It will be very transparent to look out over the edge," said Matt Damborsky, executive vice president for Skanska Commercial Development.

Deal of the week: Tarka Indian Kitchen about to open in Spring

Wed, 10/18/2017 - 02:07
Tarka Indian Kitchen is coming to the new Market at Springwoods Village in Spring and scouting additional locations. The restaurant at 2168 Spring Stuebner at Holzwarth opens Wednesday. Austin-based Tarka, which made its debut in Houston in the Heights in June, has five other stores, in Austin, Round Rock and San Antonio. The menu includes traditional curries, kabobs and biryanis, masala fries and Naaninis, or pressed naan sandwiches filled with shredded lamb, curried chicken or vegetables. Made-to-order dishes, ordered at the counter, typically cost less than $10. "It's a natural next market as we expand outside of Austin," said CEO Tinku Saini, who co-founded the chain in 2009.

David Young & Co. to join John Daugherty, Realtors

Wed, 10/18/2017 - 02:07
Luxury real estate brokerage John Daugherty, Realtors has acquired David Young & Co., a local boutique firm with agents who specialize in high-end neighborhoods in Memorial, the Energy Corridor and Katy. John Daugherty Jr. said the deal will allow his 50-year-old company to expand its presence in west Houston and tap into new technological capabilities. "(Young) has some technologies that no one else has in the Houston market," Daugherty said. "Part of what we're purchasing is this modern technology." Daugherty's expansion into west Houston comes at a time when many of the neighborhoods there are in distress after Hurricane Harvey.