Houston

News

Ares Sells Stake in Colorado Resort in Development

John Jordan | September 14, 2018

The 1,500-room hotel and convention center located less than 10 minutes from the Denver International Airport and 25 minutes from downtown Denver is expected to begin operations in the fourth quarter of this year.

News

Multifamily Deliveries Ramp Up After Harvey

Lisa Brown | September 12, 2018

With a slowdown in apartment deliveries during the last year as part of the recovery from Hurricane Harvey, average occupancy rate elevated amid sustained rental demand as of the second quarter.

News

Data Centers Ready for Demand Amid Economic Uncertainty

Lisa Brown | September 06, 2018

JLL’s analysis of the data center industry reveals that the US, Canada, EMEA and APAC amassed a staggering 421.2 megawatts, with the US and Canada leading absorption, up 31.9% from YOY 2017.

News

North Cypress Med Center Nets IRR of 17%

Lisa Brown | September 06, 2018

The $148 million sale resulted in an approximate $100 million gain for Medical Properties Trust which plans to use proceeds to make additional investments in US hospital real estate and elsewhere.

News

Tunnels Emerge in New Destination Design

Lisa Brown | September 05, 2018

One of the most unique parts about the Understory space is the merging of the street and tunnel levels–that’s something that hasn’t been previously done as entries were not directly accessible from the street level.

News

Balfour Beatty-ApexOne JV Purchases Mississippi Multifamily

John Jordan | September 05, 2018

Balfour Beatty Communities reports it will perform property management services at Ridgeland Place and will invest in a number of capital improvements at the property.

News

Tenants and Investors Rev Up Industrial Takedowns

Lisa Brown | August 30, 2018

Houston industrial remains strong, both from the perspective of tenants and institutional investors, driven by job and population growth, as well as a stabilizing oil and gas sector and related industries.

News

Lone Star Industrial Boom Propels Portfolio Sale

Lisa Brown | August 27, 2018

The state’s population growth and geographic advantages of being in the center of the Sunbelt and sharing a border with Mexico make it an obvious location for distribution networks and investor interest as a result.

News

Coworking Slowly Gains Foothold

Lisa Brown | August 16, 2018

While serviced offices have been around for decades, the term coworking has become a buzzword during the last 10 years with very little metro level data available yet to track historically, says NAI Partners.

News

Hotel Demand Remains Strong for North Harris Co.

Lisa Brown | August 15, 2018

With the HP campus and ABS headquarters nearing completion in October, Springwoods Village is becoming a major employment center in north Harris County, stimulating new hotel submarket activity.

Repairs Get Second Chance for Harvey Grants

Lisa Brown | August 12, 2018

Relief demands are worse a year later, due to the end of emergency assistance resources such as the hotel voucher program and emergency trailers, and while grants have resumed, more funds are needed.

Middle-Market Digest

Middle Market Digest: This Week in the South and Mountain Regions

Lisa Brown | August 10, 2018

Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

News

Renters Are On the Rise in Texas

Lisa Brown | August 06, 2018

Among the nation’s largest metros, Houston ranks first nationally when it comes to the net change in renters with children–an increase of 107,000 households between 2006 and 2016, a surge of 41%.

News

Investors Gain Confidence in NW Houston Industrial

Lisa Brown | August 05, 2018

Investors find strength in the northwest Houston submarket as it continues to become more in-fill and with very limited flex product built this cycle, buyers have the ability to underwrite future rent growth.

Middle-Market Digest

Middle Market Digest: This Week in the South and Mountain Regions

Lisa Brown | August 03, 2018

Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

News

Private Investors Fuel Bidding for Hotels

Lisa Brown | August 03, 2018

With many markets and submarkets now entering a seventh, eighth or ninth year of RevPAR gains, the overriding question is how much farther can a particular market continue to advance without flattening?

News

Appraisal Reduction Amounts Accelerate in IH 2018

Lisa Brown | August 01, 2018

As the commercial real estate credit cycle gets further along, rents and prices have shown signs of slowing and in some markets, even declines and some properties are getting caught in the undertow.

News

Houston Attracts More Convention Business

Lisa Brown | July 31, 2018

In this EXCLUSIVE, Robert Wiemer Jr., senior managing director of The Plasencia Group, shares insights into hotel developments, visitor volume, hottest areas and a lesser focus on the oil industry.

News

Mixed Use Continues to Evolve by Project

Lisa Brown | July 30, 2018

A new space will complete the parcel to deliver a mixed-use development spanning three city blocks, bringing Caydon one step closer to delivering an mixed-use district in the lively Midtown neighborhood.

News

Mega-Sites Lead Next Industrial Revolution Phase

Lisa Brown | July 29, 2018

The new wave of retail, driven by e-commerce, requires just-in-time delivery and consumer demand inventory, which has businesses rethinking supply chains to accommodate these criteria.

Preiss Co. JV Acquires Student Housing At Sam Houston

Adele Carter | July 28, 2018

“This is our second joint venture acquisition with TH Real Estate in the past two months, and we seek other opportunities to build on our relationship with them."

Middle-Market Digest

Middle Market Digest: This Week in the South and Mountain Regions

Lisa Brown | July 27, 2018

Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

News Thought Leadership

Why Transwestern Chooses to Remain Private

Lisa Brown | July 27, 2018

In this EXCLUSIVE, Heard says Transwestern has no plans to go public in the future because it values the benefits of being a privately held firm and its partners have flourished under the ownership structure.

News

E-Commerce May Weather Next Downturn

Lisa Brown | July 26, 2018

Wilson says here is a high likelihood of a recession within the next few years, and e-commerce demand should help insulate multi-tenant industrial from economic cycle factors more than other asset types.

News

Post-Acquisition, Hermann Expansion Continues

Lisa Brown | July 25, 2018

The hospital is nearing completion on a $650 million renovation and expansion to drive the latest technology and procedures, and provide for the growing healthcare needs in the Houston region.

LaSalle Investment Management Buys Memorial Hermann Medical Plaza

Adele Carter | July 24, 2018

According to a source in the Wall Street Journal the property traded for $405 million.

News

Slowing Multifamily Delivery Doesn’t Mute Demand

Lisa Brown | July 23, 2018

Tariffs and other trade-related concerns have created price pressures on new development due to increased input costs, but a positive outlook remains for the Houston metro, with a strong hiring spread.

Kyle Takes the Reins in Innovation Corridor

Lisa Brown | July 22, 2018

Majestic Plum Creek Business Park will be a mixed-use master-planned development situated in Kyle, TX, a rare speculative project in the innovation corridor on I-35 between Austin and San Antonio.

Middle-Market Digest

Middle Market Digest: This Week in the South and Mountain Regions

Lisa Brown | July 20, 2018

Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

CityPlace Vision is for an 18-Hour Destination

Lisa Brown | July 19, 2018

CityPlace is a 60-acre mixed-use development that, when fully developed, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott hotel and multifamily.

Two Tenants Sign on as Construction Begins

Lisa Brown | July 18, 2018

Construction is underway on a 47-story 1-million-square-foot office tower on the 800 block of Texas Avenue, the former site of the Houston Chronicle, and the building will open in late 2021.

Modulars Fit Nicely Into Place For Student Housing

Lisa Brown | July 17, 2018

There are increasingly higher rates of enrollment at colleges and universities, ultimately resulting in the urgent need for affordable student housing, and modular construction is a quick and cost-effective option.

Rare Pause no Cause for Concern

Lisa Brown | July 16, 2018

With the first quarter of 2018 totaling a substantial 2.9 million square feet absorbed, this one-quarter negative blip is not a point of concern because fundamentals remain healthy, says a report by JLL.

Affordable Housing is Crucial After Harvey

Lisa Brown | July 15, 2018

Dalcor Holdings recently purchased Vista on Gessner, an 805-unit multifamily development, and will convert all units into upgraded affordable housing for 60% of the area median income.

Middle-Market Digest

Middle Market Digest: This Week in the South and Mountain Regions

Lisa Brown | July 13, 2018

Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

Freeway Revamp to be a Game Changer

Lisa Brown | July 12, 2018

The 38-mile $1.8 billion reconstruction of US 290 will be a bellwether of a new phase of growth for the corridor and Wolff Companies recently acquired 521 acres on the freeway for that very purpose.

Residents Seek Nature in Housing Options

Lisa Brown | July 11, 2018

Bridgeland has gathered interest from second- and third-time move-up buyers, empty-nesters, and professionals and families looking for a connection to nature, and access to Houston, schools, retail and employment.

Colony Industrial Buys Maryland, Other Industrial Facilities

Erika Morphy | July 11, 2018

All together the company has acquired 1.1-million square feet in three markets.

Robust Plan Sets Out to Expand Downtown

Lisa Brown | July 10, 2018

The city council approved a transportation master plan including $415 million of projects, with the city’s half-cent sales tax levy for transportation paying for $125 million of that total, along with other downtown projects.

Office Market is Showing Steady Improvement

Lisa Brown | July 09, 2018

The job rate has grown at an annual rate of 2.2%, most of the office buildings that were damaged by Hurricane Harvey have been rehabbed and developers remain disciplined with lead tenants in place.

Walking and Organic Foods Top Project List

Lisa Brown | July 08, 2018

No longer confined to standalone retail, behemoth office campuses or multifamily without access to conveniences, many developments are going the mixed-use route, GlobeSt.com learns in this EXCLUSIVE.

Middle-Market Digest

Middle Market Digest: This Week in the South and Mountain Regions

Lisa Brown | July 06, 2018

Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

Construction Tech Goes Beyond Drones

Lisa Brown | July 06, 2018

By utilizing new technologies, companies can continue to build and help Texas grow, despite lack of available labor, which helps to keep overall costs down, says Joel Galassini in this EXCLUSIVE.

Investors Recognize H-E-B’s Winning Formula

Lisa Brown | July 04, 2018

H-E-B has previously announced plans to add six more stores in Houston this year and because the grocer typically owns its stores here, very few come up for sale: one exception was Tanglewood Court.

Energy Sector Bounces Back, Hotels Follow

Lisa Brown | July 02, 2018

There is a high level of interest in Houston, having recovered from the 2014 downswing, and its strength reflects resurgent domestic energy demand, along with a more diversified economy in recent years.

Research

How Technology Will Change Healthcare Real Estate

Erika Morphy | July 02, 2018

It is a complex subject but Transwestern and IMEG Corp. have tacked it in a report in which 24 healthcare-related executives speak.

Everything Being Built is Being Leased

Lisa Brown | July 01, 2018

Across Houston, the population growth is not slowing down but speeding up, which is great for retail, along with industrial, which are neck and neck, both at 95% occupied.

Middle-Market Digest

Middle Market Digest: This Week in the South and Mountain Regions

Lisa Brown | June 29, 2018

Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

Current Expansion Phase Surpasses Normal Economic Cycle

Lisa Brown | June 28, 2018

US economic cycles tend to run for seven to eight years, yet the current expansionary cycle, which started in 2009, already is among the longest on record for the American economy.

CityPlace Becomes New Urban Center in North Houston

Lisa Brown | June 27, 2018

When fully developed, the 60-acre mixed-use development, CityPlace, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott and additional multifamily.