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Renovated Galleria 1 office building lands two tenants

Greater Houston Real Estate - Thu, 12/28/2017 - 02:18

BKD and Lucas Associates have signed up for offices in the renovated Galleria Office Tower I.

Malls beef up dining, entertainment options to boost traffic

Greater Houston Real Estate - Thu, 12/28/2017 - 02:18

LOS ANGELES - Shoppers braving the mall this holiday season may notice more that's new than the day's discounts. Many mall owners are spending billions to add more upscale restaurants and bars, premium movie theaters with dine-in options, bowling alleys and similar amenities. Some have turned swaths of space that previously housed department stores over to health clubs and grocery stores. Others are undergoing ground-up transformations to make room for office space, hotels and apartments.

Montrose Management District chairman to resign

Greater Houston Real Estate - Thu, 12/28/2017 - 02:18

The president of board of the embattled Montrose Management District will resign at the end of the year, the district has confirmed.

This is the most expensive street to work on in Houston

Greater Houston Real Estate - Thu, 12/28/2017 - 02:18

Downtown Houston's Main Street boasts some of the most expensive office real estate in the country, according to a new report. The 1½-mile-long street ranks No. 21 on JLL's national list of streets with the highest office rents. The average rent for office space on Main Street downtown is $44.24 per square foot, about 45 percent higher than the city average of $30.55 per square foot, the commercial real estate firm said. Trophy towers on Main Street include Hines' 609 Main, Transwestern's 1000 Main and BG Group Place. Two other Texas cities made JLL's annual list, including Austin and Dallas. Austin's Congress Avenue was the 10th most expensive street nationally with rents averaging $58.20 per square foot.

Retail Wrap: Heights multiuse project planned for North Shepherd

Greater Houston Real Estate - Thu, 12/28/2017 - 02:18
Capital Retail Properties and Wile Interests have teamed up on a project to turn 1.7 acres along North Shepherd Drive, south of 16th Street, into a 30,000-square-foot center that will bring services and restaurants to a rapidly changing area of the Houston Heights. The Houston-based developers acquired a 75,000-square-foot parcel at 1533 N. Shepherd, consisting of nine tracts, from a private seller in August. They chose Austin-based Michael Hsu Office of Architecture to create the Market at Houston Heights. The developers aim to attract about 10 tenants, including a restaurant, to anchor a 4,000-square-foot building at the southwest corner.

Real estate in brief

Greater Houston Real Estate - Thu, 12/28/2017 - 02:18
Lincoln Property Co. has boosted occupancy of Intercontinental Park I, an 83,969-square-foot office building at 16801 Greenspoint Park, to 52 percent. Centre Technologies, represented by Gary Lawless of Cresa Partners, signed a lease for 18,073 square feet. Interactive Learning Systems, represented by Steve Jenkins of Vanguard Commercial, has leased 16,126 square feet. Virgil Hydes and Kevin Wyatt represented Lincoln Property Co. in-house. Avera Cos. announced the acquisition of 369 acres along Bay Area Boulevard, between Spencer Highway and Fairmont Parkway in La Porte, from PPG Industries. Avera sold a portion of the land, totaling 235 acres west of Bay Area Boulevard, to Beazer Homes for a residential development.

After Hurricane Harvey cleanup, it's time to let your garden dry out

Houston Gardening - Thu, 12/28/2017 - 02:18
As the floodwaters of Hurricane Harvey subside, you don't have rush to fix things in your yard or garden. An initial cleanup should involve removing debris and fallen branches; you don't want detrimental fungi from rotting debris to spread to healthy plants. After that, plants just need a good rinse, said Angela Chandler, author of the Garden Academy blog and consultant to Urban Harvest. "It sounds counter-intuitive but, really, things just need to be washed off. As quickly as you can, rinse your garden off with plain water," she said. Any mud or dirt left behind on plants will reduce photosynthesis; they need sunlight for their own natural recovery. The most basic problem right now is the amount of oxygen in our soil.

Dallas investor adds to Houston apartment portfolio

Greater Houston Real Estate - Tue, 12/26/2017 - 02:30

Dallas-based Westmount Realty Capital has expanded its Houston holdings with the acquisition of the 234-unit Copper Mill apartments at 15910 FM 529.

Historic 1001 McKinney building hits market

Greater Houston Real Estate - Tue, 12/26/2017 - 02:30

Downtown's 24-story 1001 McKinney building is up for sale. Commercial real estate firm HFF has been hired to market the historic building, which was built in 1947 to house the City National Bank. The art deco style building, which has undergone nearly $6 million in improvements, was designed by Alfred C. Finn and houses Morton's The Steakhouse on the ground floor.

Retail wrap: Growler USA microbrew pub to open in Friendswood

Greater Houston Real Estate - Fri, 12/22/2017 - 02:19

Goode Co. Kitchen & Cantina, a Tex-Mex concept of Goode Co. Restaurants that made its debut in The Woodlands in September, has opened in the former Mason Jar Restaurant at 9005 Katy Freeway. Levi Goode, president of the family owned company founded by his father 40 years ago, collaborated with Houston-based gin design group on the interiors. The decor features reclaimed wood, artisan-made fixtures, and pieces from his family's collection. Goode worked with Studio Red Architects on remodeling the 6,500-square-foot building, which was built out by Alpine Engineering & Construction. Growler USA, a Colorado-based craft beer microbrew pub with 17 locations including one in Katy, plans to open in Friendswood in February.

Zillow: Houstonians are doubling up as rent costs rise

Greater Houston Real Estate - Thu, 12/21/2017 - 02:18

About a third of adults are living with a roommate or parent in Houston, mirroring the trend for the U.S. as housing costs have shot up, a new Zillow report showed.

Houston housing market sees gains in lower-end of market

Greater Houston Real Estate - Thu, 12/21/2017 - 02:18

Homes priced between $100,000 and $250,000 saw the strongest sales gains while demand for luxury homes declined compared with last year, according to the latest report from the Houston Association of Realtors.

Beck Redden renews lease in Houston Center complex

Greater Houston Real Estate - Thu, 12/21/2017 - 02:18

Houston litigation firm Beck Redden has renewed its lease on the top two floors of LyondellBasell Tower in downtown's Houston Center for 10 years.

Judge signs emergency order against Montrose Management District

Greater Houston Real Estate - Thu, 12/21/2017 - 02:18
A district court judge on Monday signed an emergency temporary restraining order preventing the embattled Montrose Management District from issuing, collecting or spending assessments from commercial property owners in the Houston neighborhood. An attorney representing property owners in two lawsuits against the district filed the order after learning it was planning to hold a board meeting Monday to discuss assessments and other matters. The Montrose Management District is one of dozens in the Houston area created by the Legislature to promote economic development and make improvements to public areas in individual neighborhoods. Commercial property owners help pay for the improvements through assessments.

Houston developers announce Market at Houston Heights project

Greater Houston Real Estate - Thu, 12/21/2017 - 02:18

Capital Retail Properties and Wile Interests have teamed up to transform 1.7 acres along North Shepherd Drive, south of 16th Street, into a 30,000-square-foot lifestyle center that will bring services and restaurants to a rapidly changing area of the Houston Heights.

Sweet Paris crêpe shop to open three more locations

Greater Houston Real Estate - Tue, 12/19/2017 - 02:21

Sweet Paris Crêperie & Café plans to open three more Texas locations in the spring of 2018. The Houston-based restaurant, which opened in Rice Village five years ago, has other locations in CityCentre and Nuevo Vallarta, Mexico.

Valcap Group buys Katy apartment complex

Greater Houston Real Estate - Tue, 12/19/2017 - 02:21

Valcap Group has purchased the Remington Katy, a 352-unit apartment complex at 22631 Colonial Parkway near Interstate 10 and the Grand Parkway, in an off-market transaction.

Investors acquire former Weatherford campus in north Houston

Greater Houston Real Estate - Tue, 12/19/2017 - 02:21

A group of local investors has acquired a former Weatherford campus north of Houston.

Retail Wrap: Clute shopping center opens wide for dentistry practice

Greater Houston Real Estate - Tue, 12/19/2017 - 02:21
Woodshore Family Dentistry has leased 2,160 square feet in Woodshore Marketplace, a community center anchored Kroger Marketplace at the southeast corner of Oyster Creek Drive and Dixie Drive in Clute. Kyle Knight and Brett Levinson with Weitzman represented the landlord. Drew Etheridge with Xite Realty represented the tenant. Verizon Wireless has leased a 3,000-square-foot building at 5440 Memorial Drive. The Rama Cos., a local firm led by Amir Taghdisi, developed the building on the site of the former Pollo Bravo restaurant. Move-in is planned by February. Josh Jacobs and Lauren Heiman with Edge Realty represented the landlord. Jeffrey Hayes and Caroline Howell with NewQuest Properties represented the tenant.

Real estate in brief: Commerce Green Office Park fully leased in Sugar Land

Greater Houston Real Estate - Tue, 12/19/2017 - 02:21
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. The park, off U.S. 59 at Sugarcreek Boulevard and Commerce Green, has a 50,000-square-foot two-story multitenant building as well as three single-occupant buildings. Kevin Poynter and Peyton Poynter of Poynter Commercial Properties Corp. represented the landlord, Commerce Green Associates, in the deals. The latest deals include: Wells Chappell and Co. (1,341 square feet); Charlene J. Rogers, MA, LPC, represented by Pat Pollan (882 square feet); Pollan Hausman Real Estate Services; Community Impact Newspaper, represented by Blake Virgilio and Keith Grothaus of Caldwell Cos.
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