Houston Real Estate News

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.

Bellagreen expands to Webster with Baybrook restaurant

Greater Houston Real Estate - Wed, 01/10/2018 - 02:24

Bellagreen, an eco-conscious restaurant that has been rebranding Ruggles Green restaurants across the Houston area, has signed a lease for a Webster location. The restaurant, planned to open in the third quarter, will anchor a new shopping center development by Houston-based Baker Katz. The 3,500-square-foot restaurant, the seventh for the chain, is being developed on Bay Area Boulevard between Interstate 45 and Texas Avenue, Baker Katz said.

La Marque shopping center planned near Lago Mar community

Greater Houston Real Estate - Wed, 01/10/2018 - 02:24

Houston-based Capital Retail Properties is developing La Marque Crossing, a 15,000-square-foot retail center next to the Lago Mar community.

Report: 4.6M SF of warehouses are under construction in Houston

Greater Houston Real Estate - Wed, 01/10/2018 - 02:24

Industrial construction is making a comeback in Houston, thanks to the rise of e-commerce, according to a new report.

Listen: Houston real estate deals and developments revealed in first annual 'Loopie Awards'

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47

Nancy Sarnoff, the Chronicle's real estate writer and host of Looped In, asked her social media followers to cast their votes for some of 2017's most outstanding real estate deals.

Report: Houston housing considered overvalued

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47

Houston-area home prices, which rose 3.5 percent in November compared with a year earlier, are considered overvalued, a new national report shows.

Industrial land prices skyrocket amid warehouse construction frenzy

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47

Industrial land prices have risen by double digits as developers scramble to build new warehouses and distribution centers in the e-commerce era.

Construction demand rises in Texas, U.S. amid labor shortages

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47
Demand for construction services will expand this year nationwide as contractors continue to face labor shortages, according to a survey conducted by the Associated General Contractors of America. More than a thousand firms across the U.S. filled out the association's questionnaire between November and December 2017. Respondents reported the most optimism for growth in the private office, manufacturing, retail and some aspects of the transportation sector, including airport systems. In Texas, K-12 school construction held the highest level of growth potential. Yet half of all respondents reported difficulty in filling both salaried and craft positions.

Great W'Kana Café, A Ma Maniere, Atelier Isabelle Rose to open at Upper Kirby project

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47

Great W'Kana Café, A Ma Maniere Atelier, Isabelle Rose have signed up for space in Kirby Collection, a new mixed-use development of Thor Equities in Upper Kirby.

Houston office market shows signs of recovery

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47

Houston companies picked up unwanted office space at a strong clip last year, any many were given loads of free rent and other financial perks for doing so.

380,000-square-foot industrial project planned east of Houston

Greater Houston Real Estate - Mon, 01/08/2018 - 02:47

National Property Holdings plans to build a 380,210-square-foot industrial project east of Houston.

Retail Wrap: Thistle Draftshop in Spring joins local craft beer scene

Greater Houston Real Estate - Fri, 01/05/2018 - 02:22
Mary Thorn has opened Thistle Draftshop, a craft beer bar and retail shop for take-home beer at 5210 FM 2920 near Gosling in Spring. Thorn, a former Saint Arnold Brewing Co. employee, will offer 60 beers on tap along with a restaurant. Chef Ernesto Villarreal, who previously worked downtown at The Grove, will prepare burgers and other fare. Plans call for adding patio space in the front in the spring, Thorn said. Regular daily hours are 11 a.m. to midnight. Alicia Heusdain of Century 21 Hardee-Team Realty represented Thistle Draftshop in the 5,000-square-foot lease. Terramont Realty represented the landlord. Woodway Square Center on Woodway at Winrock has gained new tenants: Baskin Robbins (Mymuujiza Corp.

Real estate in brief: Greenway Commons is sold

Greater Houston Real Estate - Fri, 01/05/2018 - 02:22
LaSalle Investment Management has acquired the Costco-anchored Greenway Commons retail center at 3830 Richmond near Greenway Plaza through its LaSalle Property Fund. The center, built in 2008, is fully leased to a mix of restaurant, medical and retailers including LA Fitness, Memorial Hermann, Iberiabank, Buffalo Wild Wings and Panda Express. It was last purchased by a joint venture of DDR Corp. and Blackstone Group in 2014. West Mermis has leased 6,974 square feet at 1301 McKinney. Kevin Poynter and Peyton Poynter of Poynter Commercial Properties Corp. represented the tenant. Debra Wilson with CBRE represented the landlord.

The craziest home sales of 2017, from San Francisco to St. Barth's

Greater Houston Real Estate - Fri, 01/05/2018 - 02:22
This was an odd year for real estate, particularly at the very top of the market. Certain regions saw record-breaking listings but sparse sales. Others saw brisk business for the merely wealthy and stagnant sales at levels only the super-rich can afford. There was a backlash against mega-mansions but not mega-prices. It was a year in which billions changed hands, but very few records were set. The following are some of this year's most interesting sales. 1 The Girasol estate in St.

20 Houston commercial real estate headlines in 2017

Greater Houston Real Estate - Fri, 01/05/2018 - 02:22

A collection of 20 significant deals and trends in Houston commercial real estate headlines this year: Brookfield closes on mega downtown deal; Howard Hughes Corp. breaks ground on The Woodland Hills; Target unveils next-gen retail store in Richmond; and more.

Houston's housing stock tops $393 billion, Zillow reports

Greater Houston Real Estate - Fri, 01/05/2018 - 02:22

Collectively, homes in the Houston metro totaled $393.4 billion in value in 2017, up 5.4 percent over the past year, according to an analysis by Zillow. That outpaced last year's gain, when the total value of homes in the Houston market went up 1.2 percent.

The figures compares with a 6.5 percent gain for the U.S. housing stock, which added $2 trillion in value 2017 for a total of $31.8 trillion, according to Zillow. Three cities contributed more than $1 trillion each to the tally: Los Angeles ($2.7 trillion), New York ($2.6 trillion), and San Francisco ($1.4 trillion).

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