Houston Real Estate News

New homes sales rise while prices dip in Houston, reports HomesUSA.com

Greater Houston Real Estate - Sun, 11/05/2017 - 02:54

New home sales in Houston showed strength along with other large Texas markets in September, according to a new report by HomesUSA.com.

Deal of the week: Energy Corridor apartments get new owner

Greater Houston Real Estate - Sun, 11/05/2017 - 02:54
Houston-based GPI Real Estate Management Corp. has added a recently built apartment midrise in the Energy Corridor to its portfolio with the purchase of H6 in partnership with Hong Kong-based Wai Kee Holdings. Abacus Capital Group, a New York-based apartment developer and operator, completed the 293-unit complex in 2015. The property, at 14805 Grisby Road, near the southwest corner of Texas 6 and Interstate 10, did not flood during Hurricane Harvey or subsequent releases from the nearby Barker and Addicks reservoirs, according to HFF, which marketed it. The deal comes as Harvey has jump-started a recovery in Houston's overbuilt apartment market.

Popbar desserts arrive in Texas with opening of Baybrook store

Greater Houston Real Estate - Sun, 11/05/2017 - 02:54
Popbar, a frozen dessert chain that got its start in New York in 2010, has opened its first Texas location in Baybrook Mall. A rotating selection of more than 40 flavors of pops can be customized with dippings and toppings. Franchisee Vanitha Pothuri will host a grand opening Nov. 18. True Food Kitchen plans to open at Market Street–The Woodlands next summer. The restaurant, to be next to Grotto, has a menu based on seasonal fare with dishes that emphasize whole foods. Part of Phoenix-based Fox Restaurant Concepts, True Food Kitchen entered Houston with a location at BLVD Place in 2014. The concept was developed by Sam Fox and Dr. Andrew Weil with a menu based on the principles of Weil's anti-inflammatory food pyramid.

Sugar Land office park fills up after 11 lease deals

Greater Houston Real Estate - Fri, 11/03/2017 - 01:37

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.

Post-Harvey home repair permits quadruple

Greater Houston Real Estate - Fri, 11/03/2017 - 01:37

Building permits for residential remodeling more than quadrupled in the immediate aftermath of Hurricane Harvey, new data show.

Meritage Homes takes space in Westchase

Greater Houston Real Estate - Fri, 11/03/2017 - 01:37
Meritage Homes of Texas has leased 22,032 square feet at 3250 Briarpark in Westchase. David Baker and Jack Scharnberg of Transwestern represented the landlord. Neil Elliott and André Granello of Cresa represented the tenant. Dallas-based Velocis has acquired Two Sugar Creek, a six-story office building in Sugar Land. The 143,410-square-foot building is 85 percent leased. HFF represented the seller, Boston-based TA Realty. AmTrust Title Insurance Co. has subleased 4,800 square feet on the 13th floor of downtown's One Allen Center to accommodate expansion of its business across Texas. The Law Office of Kathryn N.

NAI Partners closes out investment fund with retail purchase

Greater Houston Real Estate - Thu, 11/02/2017 - 01:36

NAI Investment Fund, an investment vehicle launched by NAI Partners in 2015, has added a retail property to its portfolio with the purchase of Spring Park Village in Spring.

Weingarten Realty: "Retail comes back a lot quicker"

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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'

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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

Greater Houston Real Estate - 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.

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