- First eatery, more retail opens at M-K-T mixed-use in the Heights [HBJ] $
- Bold Fox Development acquires 470 acres for 1,200-home community near Waller [HBJ] $
- The hottest commodity in retail for the foreseeable future: Drive-thrus [BisNow]
- Tiger Woods developing golf entertainment spot in Katy [RealtyNewsReport]
- YMCA of Greater Houston puts two facilities up for sale [Chron] $
- Q1 2021 | The Woodlands Office submarket snapshot [Colliers]
- Zonda unveils the nation’s most lucrative remodeling projects in 2021 cost vs. value report [BuilderOnline]
Interactive Mini-Billboards Coming Soon to a Sidewalk Near You
- Hines launches $400M fund targeting investments in Asia-Pacific region [HBJ] $
- Houston City Council approves digital kiosks across Houston despite fierce opposition [BisNow]
- Brookfield Residential acquiring Newland to create residential land giant [RealtyNewsReport]
- Sterling buys Cinco Ranch Center for $21M [RealtyNewsReport]
- Caydon selling Drewery Place apartment tower in Midtown [RealtyNewsReport]
- Houston senior living center opens [ReCon]
- Life sciences boom has cities courting labs: Many won’t find match [BisNow]
- Federal judge vacates CDC’s nationwide eviction moratorium [TexasTribune]
Happy Cinco de Mayo!
- Construction underway on Medical Center of Tomball [HBJ] $
- Hines hires consultancy founder J. Darnell Jones as global head of diversity, equity and inclusion [HBJ] $
- Bigger, taller, colder: Houston’s industrial market is evolving [BisNow]
- Short supply of for-sale houses leads to price surge [Chron] $
- Houston medical office vacancy ticks up in April [ReCon]
- American Landmark purchases Pine Creek Ranch [ReCon]
- Bellaire-Meyerland-West University Place real estate: See some of the properties that sold in April 2021 [CI]
- Baker Katz purchases Foodarama building [Leader]
- Austin loses ground in home affordability as Texas, US prices rise [RealtyNewsReport]
- Texas continues to lead US in raw population growth, Census Bureau estimates [Chron] $
- The arguments for and against higher government debt levels [BuilderOnline]
New Builds Gain Market Share
- Real Estate Roundup: Bellaire Medical Plaza sold; CityPlace 1 and Memorial City sign new tenants [HBJ] $
- Galleria area office building sold [RealtyNewsReport]
- Home builders grab huge chunk of Houston realty market (35%) [RealtyNewsReport]
- Expansion of Woodlands hospital nears completion [RealtyNewsReport]
- Texas homebuyers are more diverse, earn higher incomes than national average [ReCon]
- Title companies’ days may be numbered as blockchain swoops in, but don’t count them out yet [BisNow]
- Covid-19 is affecting CRE lease negotiations. Here’s what experts are seeing. [HBJ] $
- Home Depot Regional Distribution Center being built at Conroe’s remediated superfund site [CI]
- Cy-Fair office vacancies rise as more work remotely [CI]
- Rising prices are making Houston homebuyers lower their expectations [HoustonPublicMedia]
- Texas landlords don’t have to disclose flood risk to renters. A new bill would change that [HoustonPublicMedia]
- You can own a lakefront castle in Texas for $6.5M [Chron] $
- Overhaul of ERCOT board could replace experts with political appointees [TexasTribune]
Mini Mural Monday
Reed Vestal, Jamie Poirier, John Erck Form Junction
- Team from Lee & Associates, Hines launches own Houston-based real estate firm [HBJ] $
- Houston ranks No. 2 on list of top cities in the U.S. for construction workers [HBJ] $
- Cold storage to chill at nation’s largest industrial park [RealtyNewsReport]
- This week’s deal sheet [BisNow]
- RNR real estate briefs [RealtyNewsReport]
- People in Real Estate – Phillip Benjamin, John Colglazier, Adam McMichael and more[RealtyNewsReport]
- No growth in first quarter for Composite Price Indices [CoStar]
- Q1 2021 | Houston retail market report [Colliers]
- More than ever, Harris County home appraisals draw protests [CI]
- Covid-19 update: ‘Expecting economic growth’ [BuilderOnline]
- Recycling real estate signage – Lee’s unusual plan [RealtyNewsReport]
- Redesign takes Memorial Park home from traditional to ‘warm modern’ [Chron] $
- The Astrodome’s future is uncertain, but its past is certainly worth revisiting [Kinder]
William David Homes and Morning Star Builders Break Ground at Tealpointe Lake Estates
- Amazon leads Houston in executing industrial leases, Transwestern report says [HBJ] $
- High-end community offering large lots moves ahead near Tomball [HBJ] $
- Without more funds, Houston’s housing authorities can’t keep up with affordable housing demand [BisNow]
- American Landmark Apartments acquires 17th property in Houston [RealtyNewsReport]
- Build-to-rent communities are flourishing in Houston, but at what cost? [Chron] $
- ‘Detached townhomes,’ gentrifying the gentrifiers and housing regulation that is uniquely Houston [Kinder]
- Work on Wellman Manor homes in Shenandoah to wrap by August [CI]
- Check out April’s featured neighborhood in the Lake Houston area: Kings River Village, 77346 [CI]
- Houston realtors’ TikToks show just how nuts the housing market is right now [Chron]
Houston ColdPort and Hot Housing Market News
- Construction underway on speculative cold-storage facility in northeast Houston [HBJ] $
- Almost 50,000 home showings weekly in hot Houston market [RealtyNewsReport]
- David Z. Mafrige Interests purchases Bush Airport area office building, World Houston Plaza [RealtyNewsReport]
- Median price of homes sold falls 19.5% year over year in Pinehurst ZIP code, data shows [CI]
- Higher lumber costs add more than $35K to new home prices, $119 to monthly rent [NAHB]
Tenant Demand Translates Into Lower Vacancy Rates
- Colliers lands leasing assignment for Republic Square in the Energy Corridor [HBJ] $
- Houston industrial market poised to tighten as demand rises, construction starts slow [BisNow]
- Houston apartment rents increase In April, but growth lags Texas, U.S. [BisNow]
- Top apartment firms ranked by NMHC [RealtyNewsReport]
- Luby’s liquidation yield increases for shareholders [Chron] $
- Houston home sales rocket to record-breaking pace in ‘buying bonanza’ [CultureMap]
- In Houston, evictions continued despite city ‘grace period’ [HoustonPublicMedia]
- CoStar Group first quarter 2021 revenue increases 17% YOY with traffic to CoStar Group platforms up 47% YOY [CoStar]
- Home office design in 2021: Key insights and expert recommendations [Fixr]
Younan Properties Acquires Second Houston Property
- L.A. investment firm acquires office tower in Houston’s Westchase area [HBJ] $
- NAI Partners taps Travis Rodgers for new COO role [HBJ] $
- Transwestern leasing Galleria buildings developed by Hines [RealtyNewsReport]
- ABE Richmond and Pinnacle West partnership purchases Westchase district office building [ReCon]
- Zillow reveals how fast home values are rising in Houston market [CultureMap]
- Texas cities top destinations for remote work [ReCon]
- ‘Virtual mobility’ and the ’20-minute city [HBJ] $
- Soaring lumber prices reverberate through U.S. housing market [Reuters]