Houston

News

Self Storage Trust IV Acquires Six-Property Portfolio

Tanya Sterling | October 17, 2018

Storage units and recreational vehicle spaces are included in the transaction.

News

Alternative Asset Manager Pretium to Acquire Selene Holdings

Tanya Sterling | October 17, 2018

The transaction is slated to close mid-year 2019.

News

Transwestern Commercial, Canadian Brokerage Form Services Alliance

John Jordan | October 16, 2018

Specifically, Transwestern Commercial and Devencore will work together on cross-border occupier, agency and capital market opportunities, and will also provide research, marketing and consulting support for existing and future clients.

Features

High-End Construction Is Booming in the Southwest

Lisa Brown | October 15, 2018

At the city level, Dallas and Fort Worth are two of the six cities that had nothing but high-end apartments in 2017, and all new apartments are luxury-grade in the first half of 2018.

Features

Affordable Housing Also Looks to Quality of Life

Lisa Brown | October 14, 2018

Avenue has been recognized by ULI for two affordable communities in its development portfolio–Avenue Place, a 95-unit single-family subdivision, and Avenue Terrace, a 192-unit multifamily complex.

News

New Logistics Real Estate Platform Targets $5B in Managed Properties

John Jordan | October 12, 2018

The new platform— Logistics Property Company, LLC— has partnered with Macquarie Capital Real Estate Investments on the formation of the platform. LPC seeks to grow its business to more than $5 billion of properties under management over the next five years.

Features

Sought-After Investor Market Results in New Concepts

Lisa Brown | October 11, 2018

The price of oil is stabilizing, which is favorable for all sectors, but especially the office sector as businesses gain confidence and start to expand again; properties with no Harvey damage are most desirable.

Research

Opportunities Aplenty for Houston Industrial Players

Lisa Brown | October 09, 2018

As the market fires on all cylinders, Houston is increasingly competing with other major US industrial markets for big-box distribution deals, which are aggressively being pursued by investors ready to turn dirt.

Features

Where Do Most Millennials Live?

Lisa Brown | October 08, 2018

RENTCafe crunched the most recent US Census population estimates and ranked ZIP codes in the 30 biggest US cities and as expected, downtowns and areas near downtowns are favorites for Millennials.

Features

Marriott in Walking Distance to Area’s HQs

Lisa Brown | October 04, 2018

Houston CityPlace Marriott at Springwoods Village is located at 1200 Lake Plaza Dr. next to the CityPlace Plaza at the eastern end of CityPlace, a 60-acre mixed-use district in Springwoods Village.

News

School District Acquires Land in Path of Growth

Lisa Brown | October 02, 2018

The land purchased by Katy Independent School District is located off of Katy Hockley Rd., sharing two borders with Newland Communities’ master-planned residential community, and is west of Grand Parkway.

Features

The Americana Re-Emerges as a Landmark

Lisa Brown | October 01, 2018

This key downtown Houston block with tunnel access is re-emerging as a prime retail opportunity, thanks to the Bayou City-based duo of Capital Retail Properties and Identity Architects.

News

Challenges No Match for Buyer/Seller Rep

Lisa Brown | October 01, 2018

The $51.74 million sale of Avocet Apartments, a 336-unit multifamily property, recently closed in this fast-growing and affluent westside area at 11340 Alamo Ranch Pkwy. in San Antonio.

News

Whitestone REIT Completes Sale of Legacy Houston Retail Center

John Jordan | October 01, 2018

Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.

News

Summit Hotel Properties Acquires Boston-Area Hotel, Sells FL Property

John Jordan | October 01, 2018

The Austin, TX-based hotel REIT also reports that it has closed on the sale of the 148-room Hyatt Place Fort Myers/at the Forum in Fort Myers, FL for $16.5 million or approximately $111,000 per key.

News

Office Vacancy Increases But There are Bright Spots

Lisa Brown | September 25, 2018

The increase in vacancy and availability was due to a combination of tenants seizing on attractive sublease offerings, thereby increasing direct vacancy upon move, and through an additional wave of sublease listings.

News

Largest Clear Height Set to Soar in Humble

Lisa Brown | September 24, 2018

E-commerce companies demand more flexibility in order to accommodate users’ sortation equipment as well as the need for higher clear heights which allows for the installation of mezzanine space.

Q&A

Pipelines are Not as Crowded in HUD Program

Lisa Brown | September 23, 2018

Growth is strong in most multifamily markets in Texas, but the cost of construction is currently outpacing rents which has to change in order for opportunities to become obvious in the larger markets.

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.