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Houston's Industrial Market Closes Year At 10-Quarter Vacancy Low
News

Houston's Industrial Market Closes Year At 10-Quarter Vacancy Low

... on a 226K SF lease at Ameriport Industrial Park in Houston. Smart Warehousing signed a 150K SF lease at Energy Commerce ...  space underway is within the submarket. Vacancy in the North Houston submarket, bounded by Interstate 45, Highway 59, Highway 249 and ...

Jan 03, 2019
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JPI Senior Vice President Matt Brendel
News

Houston On Hold? Multifamily Fundamentals Rise But Developers Balk On Building

... “artificial,” and are skeptical of building new product for the Houston market. “We are trying to be extremely vigilant and cognizant ... the surge in demand can hold before reinvesting in the Houston multifamily market.  According to Brendel, this is a common ...

Oct 16, 2017
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Houston-Based Firm Launches 2 Spec Industrial Projects
News

Houston-Based Firm Launches 2 Spec Industrial Projects

... Bennett Development is constructing two spec industrial projects in Houston. The developments under construction are Near East, a ... in April by Bennett, formerly of DCT Industrial Trust in Houston, and Jeff Phelan, of Phelan Development in California. The ...

Jan 11, 2019
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City Of Houston
News

Houston City Council Lowers Property Tax Rate Despite Efforts From Mayor Turner

... Turner initially proposed a roughly 15% property tax increase on Houston taxpayers, which he revised down after opposition from taxpayers. ... The difference is roughly $7 next year for the average Houston homeowner, but more for commercial owners.  The mayor’s ...

Oct 18, 2017
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Houston Rockets, Tilman Fertitta
News

Houston Restaurant Magnate Tilman Fertitta To Buy The Houston Rockets, Breaking NBA Record

... KRIV's Mark Berman. Bloomberg's Scott Soshnick and the Houston Chronicle's Jonathan Feigen confirmed the report, though Bisnow was ... the team won the first two professional sports championships in Houston history. Fertitta has served as an adviser to the team ...

Sep 05, 2017
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Houston's HQ2 Flyover Pitch
News

Houston Reaches Out To Bezos With HQ2 Pitch Seattle Flyover

... pitch was spotted flying over Amazon's home base, Seattle. Houston's Generation Park, a 4,000-acre commercial development in ... Northeast Houston, is behind the high-flying pitch. Amazon has received 238 ...

Jan 16, 2018
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Houston Firm Secures Loans For 6 Texas Multifamily, Retail Properties
News

Houston Firm Secures Loans For 6 Texas Multifamily, Retail Properties

Houston-based LMI Capital completed financing for five multifamily developments and ... % acquisition loan for a 75-unit multifamily asset in southwest Houston. The first mortgage featured a 4.96% fixed rate and ...

Jan 17, 2019
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Houston's Office Market Off To A Bumpy 2018
News

Houston's Office Market Off To A Bumpy 2018

Houston's office market is off to a ... Q1 data. Despite positive momentum in the local economy, Houston posted 418K SF of vacated space citywide, pushing vacancy ... suffered the lion's share of move-outs, with Houston's Class-A market losing just 100K SF.   ...

Apr 09, 2018
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Coworking space, open office, open-plan office, coworking
News

Houston-Based Coworking Company Looks To Expand Nationally Through Franchising

Houston-based The Work Lodge, an all-inclusive flexible workspace concept, ... in Fort Worth. The brand has opened two locations in Houston (one in Vintage Park and one at 25700 I-45 ...

Nov 08, 2018
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Houston Flooding
News

Houston's Offices Shutter As Area Braces For Another Wave Of Flooding

... busy weekend. With 35M SF under management across the Houston metro, Transwestern has been securing the assets it is ... responsible for are closed, according to Bridges.   Across the Houston metro, property managers have gone into emergency mode, establishing ...

Aug 28, 2017
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