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Real estate briefs: 1885 Saint James Place lands new tenants

Greater Houston Real Estate - Tue, 11/21/2017 - 02:20
Six new leases at 1885 Saint James Place have pushed occupancy of the 165,000-square-foot building past the 50 percent mark, according to JLL. Nelson Murphree Legacy Partners developed the building, just south of the Tanglewood neighborhood, to cater to smaller tenants. JLL's Chrissy Wilson and Russell Hodges represented the landlord, 1885 St. James Place Partners. The deals, which total about 26,000 square feet, are: Sage Refined Products, represented by Harry Holmes of Avison Young, will relocate from BLVD Place to a 7,391-square-foot office on the 11th floor. Aycock & Co., represented by Matt Trozzo and Graham Horton of CBRE, will move from 7500 San Felipe to a 6,448-square-foot office on the 10th floor.

What’s blooming? Butterflies flock to these flowers

Houston Gardening - Fri, 11/17/2017 - 02:18

Houston gardeners shared these photos of plants blooming in their summer beds.

Montrose Management District cancels board meeting amid increased scrutiny

Greater Houston Real Estate - Fri, 11/17/2017 - 02:18

The embattled Montrose Management District, under fire from property owners pushing for the group's dissolution, has cancelled a monthly board meeting scheduled for Monday.

Rice importer acquires industrial building in Missouri City

Greater Houston Real Estate - Thu, 11/16/2017 - 02:17

LT Foods USA, an importer and distributor of Basmati rice, has purchased a Class A industrial building in Missouri City.

Powers Brown Architecture expands in Canada

Greater Houston Real Estate - Thu, 11/16/2017 - 02:17

Powers Brown Architecture has opened a Toronto office to serve as its Canadian headquarters.

Spaces picks Kirby Grove for first Houston location

Greater Houston Real Estate - Tue, 11/14/2017 - 02:19

Spaces will bring its brand of creative workspaces for professionals and growing businesses to the Kirby Grove mixed-use development for its first Houston location.

Houston real estate market continues post-Harvey rebound

Greater Houston Real Estate - Tue, 11/14/2017 - 02:19

Home sales rallied for the second straight month after Hurricane Harvey made landfall in late August, stalling or canceling real estate transactions across the Houston area.

Best Buy to develop new distribution center in Missouri City

Greater Houston Real Estate - Tue, 11/14/2017 - 02:19

Best Buy plans to build a 550,000-square-foot distribution center in Missouri City.

Ikea inks 1 million SF warehouse lease in Baytown

Greater Houston Real Estate - Tue, 11/14/2017 - 02:19

Ikea has inked a 1 million-square-foot warehouse lease in Baytown.

 

LGI Homes posts record-setting quarter

Greater Houston Real Estate - Tue, 11/14/2017 - 02:19

LGI Homes posted a third-quarter profit of $433.7 million, up 73 percent from a year ago.

Celebrity-backed Los Angeles investor buys Houston apartments

Greater Houston Real Estate - Tue, 11/14/2017 - 02:19

The Turner Multifamily Impact Fund has put a Houston property in its portfolio with the acquisition of the Bridges of Cypress Creek, a 314-unit apartment complex at 17710 Red Oak Drive in northwest Houston.

Caydon nabs financing for luxe Midtown tower

Greater Houston Real Estate - Sun, 11/12/2017 - 02:21

Australian developer Caydon will be moving forward on its first U.S. project after receiving financing for the luxury residential tower it's been planning in Midtown.

Stewart Information Services consider sale as profits fall

Greater Houston Real Estate - Sun, 11/12/2017 - 02:21

Stewart Information Services Corp., the Houston title and real estate services firm, said Monday it is considering putting itself up for sale or seeking a merger partner.

Retail wrap: Restaurants to fill former Ruggles site in Montrose

Greater Houston Real Estate - Sun, 11/12/2017 - 02:21
West Mon Plaza, a 6,536-square-foot shopping center being built at 900 Westheimer just east of Montrose Boulevard on the former Ruggles Grill site, is now fully leased after landing three Dallas concepts. Chills 360, offering Thai-inspired rolled ice cream, and East Hampton Sandwich Co.will open their first Houston locations, while Velvet Taco will open its second area location in early 2018. Lauren Heimann & Josh Jacobs of Edge Realty Partners represented the landlord. Zanti Cucina Italiana Restaurant will be built in Westgate Crossing, a mixed-use development planned on 11 acres at Research Forest and Egypt Road in Magnolia. Everson Developments represented the buyer, Rodrigo Pelaez, in the purchase of 1.

Planners envision a downtown Houston with driverless cars

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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.

Gardening events in the Houston area

Houston Gardening - Thu, 11/09/2017 - 02:22
Montgomery County Master Gardeners' program. 9-11 a.m. at Texas A&M AgriLife Extension Service, 9020 Airport, Conroe; 936-539-7824, mcmga.com. $5. Rain Gardens: with Charriss York from the Texas Coastal Watershed Program. A Homeowner's Guide to Weed Control: with Galveston County Master Gardener John Jons. 6:30-8 p.m. at AgriLife Extension Service, 4102 Main, La Marque; 281-534-3413, email reservations to galvcountymgs@gmail.com, aggiehorticulture.tamu.edu/galveston Free, but pre-registration required. Gardening Tips for Growing Native Plants: with Thomas Adams, Texas Midcoast Refuge botanist. Harris County Master Gardeners Precinct 2 Open Garden Day: 8:30-11 a.m. at the Genoa Friendship Garden, 1202 Genoa Red Bluff; hcmga.tamu.edu. Harris County Master Gardeners' Open Garden Day and Fall Vegetables seminar: 9-11:30 a.m. at Texas A&M AgriLife Extension Service, 3033 Bear Creek; hands-on activities for children and adults centered on seminar topic.
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