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Real estate in brief: 5 Houston Center lease

Greater Houston Real Estate - Wed, 01/24/2018 - 02:20
Jackson Walker has renewed and expanded its lease to 77,015 square feet in downtown's 5 Houston Center, 1401 McKinney. Eric Anderson and Tyler Garrett of Transwestern represented the landlord, Spear Street Capital. Tim Relyea of Cushman & Wakefield represented the law firm. The Texas-based firm, which has 90 attorneys in Houston including 23 in its real estate practice, will soon have more than 100 attorneys in the downtown office, Houston office managing partner Kurt Nondorf said. A partnership led by Braun Enterprises has purchased 5757 Woodway, a 162,188-square-foot office building on 4 acres in the Galleria area. The two- and four-story property is 70 percent leased. Dan Miller and Marty Hogan of HFF handled the sale.

Deal of the Week: Investment manager to move to Skanska campus

Greater Houston Real Estate - Tue, 01/23/2018 - 02:17
Crossmark Global Investments, a longtime Houston investment manager that got a new name last year, will move its headquarters to Skanska's recently completed West Memorial Place campus in the Energy Corridor this year. The company, which provides investment strategies for financial advisers and institutions, has leased 16,000 square feet at West Memorial Place I, 15375 Memorial Drive, just west of Terry Hershey Park. Founded in 1987, Crossmark Global Investments changed its name from Capstone last year. Its current offices are at 3700 W. Sam Houston Parkway in Westchase. West Memorial Place offers tenants health-focused amenities such as a fitness center with locker rooms and showers, a bike share program, and an on-site cafe.

Retail Wrap: Blue Onyx Bistro will open just inside Loop 610

Greater Houston Real Estate - Sun, 01/21/2018 - 02:35
Blue Onyx Bistro will open at 4720 Richmond, just inside Loop 610 near the Galleria, in February. The 150-seat steak and seafood restaurant is owned by executive chef David Chang and partners. It is part of Bernstein Investments' Richmond Loop Plaza, which is undergoing renovations. Chang opened Redfish Seafood Grill in northwest Houston in 2003. Agricole Hospitality will expand to Montrose with the opening of Night Heron in the former Lowbrow space, 1601 W. Main, in February. The restaurant, led by executive chef Jacob Pate and general manager Julie Rogers, will serve light bites, entrees, sharable dishes and alcohol.

Houston real estate market posts record year

Greater Houston Real Estate - Thu, 01/18/2018 - 02:22

Houston's real estate market set a new record for home sales in 2017, besting the previous year's record by 3.5 percent as the market rapidly rebounded after Hurricane Harvey.

Jackson Walker inks big renewal in 5 Houston Center

Greater Houston Real Estate - Thu, 01/18/2018 - 02:22

Jackson Walker has firmed up its commitment to downtown's 5 Houston Center with a major lease renewal. The 77,015-square-foot lease at 1401 McKinney reflects a renewal of 74,094 square feet and an expansion of 2,921 square feet, Transwestern announced.

Galleria-area office building trades hands

Greater Houston Real Estate - Thu, 01/18/2018 - 02:22

A partnership led by Braun Enterprises has purchased 5757 Woodway, a 162,188-square-foot office building on 4 acres east of Augusta Drive, commercial real estate firm HFF announced. The property was sold by Woodway Office Partners, a joint venture sponsored by Houston-based Fuller Realty Partners and Harbert Management Corp.

Pontikes sets groundbreaking date for massive Baytown industrial park

Greater Houston Real Estate - Thu, 01/18/2018 - 02:22

Pontikes Development will start construction this month on the first phase of a 3-million-square-foot speculative industrial park in Baytown.

Perry's Steakhouse opening turns up heat at historic River Oaks Shopping Center

Greater Houston Real Estate - Thu, 01/18/2018 - 02:22

A suburban steakhouse chain will open late this year in the historic River Oaks Shopping Center, the latest change to the much-discussed Art Deco retail landmark that's been modernized over the years much to the consternation of local preservationists.

New Orleans' Dat Dog picks Rice Village for first Houston location

Greater Houston Real Estate - Thu, 01/18/2018 - 02:22

Dat Dog, a popular New Orleans hot dog chain, is making good on its promise to expand to Houston in 2018 with its first location in Rice Village. Dat Dog has leased 2,919 square feet at 5504 Morningside Drive, according to brokerage firm Retail Solutions. The location will be just north of Hopdoddy Burger Bar in a building that previously housed Platform Houston campus.

Gardening events in the Houston area

Houston Gardening - Thu, 01/18/2018 - 02:22
SATURDAY Fall Festival: family activities 9 a.m.-7 p.m., pumpkin decorating classes at 10 a.m., 2 p.m., 4 p.m. at Cornelius Nursery, 2233 S. Voss; register at corneliusnurseries.com. Free. Nature Revealed: Monarchs: with Kelsey Low. 9:30-11:30 a.m. at the Houston Arboretum and Nature Center, 4501 Woodway; 713-681-8433, register at houstonarboretum.org. $20 members, $35 nonmembers. Peckerwood Garden's Oak Collection: 10 a.m.-noon at 20559 FM 359, Hempstead; 979-826-3232; register at peckerwoodgarden.org. Nonmembers $15, members free. Hibiscus Class and Hibiscus Grafting: with Jim Maas and Joe Miller. 10 a.m. at Maas Nursery, 5511 Todville, Seabrook; 281-474-2488, maasnursery.com. $35.

Archway Properties starts mixed-use project in Humble

Greater Houston Real Estate - Tue, 01/16/2018 - 02:34

Archway Properties has kicked off Park Air 59, a 111-acre mixed-use development at the northeast corner of U.S. 59 and Will Clayton Parkway. The project, located in Humble, is designed to include retail, restaurant, industrial and services. Vital Heart & Vein has purchased 4.2 acres in the park for a 65,000-square-foot, three -story medical office building, NewQuest Properties announced. Houston-based Archway Properties is handling construction, with completion planned in mid 2018. Austin Alvis of NewQuest Properties and Preston Cunningham of Cunningham Ventures represented the seller, Archway WC59 Humble Ltd. Jeries Ganim of Commercial Regional Properties of Texas represented the cardiology group.

Katy's Cane Island community adds two builders

Greater Houston Real Estate - Tue, 01/16/2018 - 02:34

Taylor Morrison and Highland Homes have joined the lineup of home builders in Cane Island where they will build in the second phase of the Katy community. Phase two is planned for more than 250 homes on 100 acres. The community, on 1,200 acres north of the Katy Freeway at Cane Island Parkway, opened in 2015.

New York investor acquires 122,000 SF of industrial properties near Port of Houston

Greater Houston Real Estate - Tue, 01/16/2018 - 02:34

A New York investor has acquired nearly 122,000 square feet of industrial properties near the Port of Houston.

Camden Property Trust's downtown apartment tower permitted

Greater Houston Real Estate - Tue, 01/16/2018 - 02:34

The permits for the project at 1515 Austin St. total more than $52 million, and include a tower and parking garage, according to city of Houston records collected by real estate data firm Build Zoom.

Deal of the Week: Comerica gets naming rights

Greater Houston Real Estate - Sun, 01/14/2018 - 02:20
Comerica Bank will get its name at the top of 17-story Two Riverway building as part of a deal to relocate its Houston market headquarters from Brookhollow Central to the Galleria area midyear. The Dallas-based bank has leased 34,624 square feet in the building, according to Stream Realty Partners. The new office, just south of Woodway near South Post Oak Lane, will house Comerica's middle market banking, treasury management, small-business banking, wealth management and human resources operations, according to Comerica. Two Riverway's design and collaborative, high-tech workspaces factored in to the relocation decision. The bank will move from 219,000 square feet at Brookhollow II, 2900 North Loop West near U.S. 290, by August.

10 Houston master-planned communities make top-seller list

Greater Houston Real Estate - Thu, 01/11/2018 - 02:34
Ten Houston-area communities earned a place among the nation's 50 best-selling master-planned communities in 2017 even as Hurricane Harvey suppressed home sales for four weeks of the year, a new report showed. The 5,000-home Riverstone in Sugar Land and Missouri City remained the region's top-seller and was the only area development to crack the top 25 of the John Burns Real Estate Consulting survey. The Irvine, Calif.-based research and consulting firm focused on the housing industry has been compiling the list for eight years. It surveyed 370 communities to determine the rankings. Developments outside of Texas earned the highest rankings as the national economy and housing markets continued to improve.

Trendmaker Homes president Will Holder to retire

Greater Houston Real Estate - Thu, 01/11/2018 - 02:34

Will Holder, president of Trendmaker Homes and venerated industry leader, will retire at the end of March after 25 years with the Houston-based homebuilder.

Real estate in brief: Spring apartment complex Stoneleigh is sold

Greater Houston Real Estate - Thu, 01/11/2018 - 02:34
Hayden Properties has purchased the 216-unit Stoneleigh on Spring Cypress apartments at 7215 Spring Cypress Road in Spring. Joey Rippel, Todd Marix, Chris Curry, Chris Young and Connor Phillips of HFF marketed the property for the seller, Seneca Investments. The property consists of 11 three-story residential buildings with units averaging 881 square feet. Tyler Ford of HFF arranged acquisition financing. It is 94.4 percent leased. Cimeda Three has purchased a 46,000-square-foot office/warehouse facility at 15135 Jacintoport. Marc Drumwright with Southwest Realty Advisors represented the seller, ELGM. Chris Klein with Colliers International represented the buyer.

With a little help, Houston plants can adapt to Indiana home

Houston Gardening - Thu, 01/11/2018 - 02:34
Q: I am moving to Indiana in late spring, and I'd like your advice on taking some of my Houston plants. I want to move some scadoxus from the ground to pots. When should I do this? I also have potted lycoris. What will their blooming behavior be in zone 5? I'd like to pot up a small Rangoon creeper. How should I overwinter it, and how large must a potted creeper be in order to bloom? Dave Sherron, Houston A: Divide and transplant/pot the scadoxus, or blood lily, when the foliage has yellowed and is dying down, as the South African bulb goes dormant for the winter. Blood lily produces softball-size orange-red blooms on tall stems in spring in Houston-area gardens. The lance-shaped foliage appears after the flowers.
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