Houston

With more than 1.4 million square feet of net absorption during the 12 months trailing first quarter 2019, the Northwest industrial submarket remains a target for institutional investment, i.e., Kempwood Tech Center.

For the past six years, Transwestern has provided investment advisory services to Sumitomo Corporation of Americas including sourcing, property evaluations, operational assessments and market assessments.

Transwestern's senior managing director of analytics, Jimmy Hinton, will develop research/predictive analytics for investment strategy, market and asset selection, underwriting, and portfolio management.

Parkline will accommodate up to 1 million square feet of office projects and upon completion, have 1,149 multifamily units, a 136-room Aloft Hotel, and 108,000 square feet of retail and restaurant space.

The original storefront was built in 1954 and today, the rebuilt retail experience accomplishes the goal of refreshing and creating a modern urban streetscape that appeals to all Texas Medical Center visitors.

New model homes opening within expanded sections of The Groves start from the $220,000s to $600,000s and include game rooms, outdoor living space and multi-car garages.

There's demand for apartments here but land use restrictions and a shortage of utility infrastructure make it challenging to build, resulting in few new multifamily communities on the ground or in the pipeline.

This week, WhyHotel announced plans to launch a new pop-up hotel in Houston, the company's first location outside of the East Coast, and will be launched in partnership with Camden Property Trust.