- Skanska sells Bank of America Tower for a record $695 per square foot to California State Teachers Retirement System [RealtyNewsReport]
- Caydon to offer “Black Friday” deals at midtown’s Drewery Place [Chron]
- Note from HBJ’s ” Power Breakfast: The Woodlands Means Business” [HBJ] $
- Austin-based CapRidge to renovate and rebrand Houston portfolio [BisNow]
- TXRX Labs coming to East End Maker Space [BisNow]
- Medical Center’s new hotel, InterContinental Houston – Medical Center secures a $102 million refinancing loan [HBJ] $
- Aging suburban office parks seek comeback [HBJ] $
- WeWork’s rivals are cashing in on its public meltdown [BI]
It’s All About Housing
- Oden Hughes plans multifamily project near Greenway Plaza [HBJ] $
- NAACP’s “Homes for Houston” program has educated 500 first time homebuyers the process [HBJ] $
- Increasing number of millennials plan to rent rest of their lives [Chron] $
- New York-based upscale residential brokerage firm Douglas Elliman Real Estate is coming to Houston [RealtyNewsReport]
- Houston’s oldest home is reopening Thanksgiving week following five year $1.8M renovation [HoustonRealtyReport]
- Taco Tuesday: Alamo Tamale and Taco announces closure of Navigation location [HoustonCultureMap]
Amenities Drive Demand for Commercial Space
- JLL reports law firms’ flight to quality in Houston’s stagnant office market [HBJ] $
- NAI Partners and Houston’s flat commercial market [RealtyNewsReport]
- This week’s deal sheet [BisNow]
- East End Maker Hub expected to create over 400 jobs [HBJ] $
- Columbia’s study reveals impact of living in walkable neighborhoods [Kinder]
- CBRE completes $5M lobby renovation of BlackRock’s Sage Plaza [Chron] $
- Ultra-wealthy investorshave huge opportunity in Houston [HBJ] $
- Friendswood Development Co announces first neighborhood in Baytown master- planned community [HBJ] $
- Punch Bowl Social plans to open at Sawyer Yards [Chron]
- Buffalo Bayou Brewing Co has opened its new home in Sawyer Yards [CultureMap]
- Houston’s biennial Mural Festival is this week [HoustonPublicMedia]
Houston Home Sales on Track for Record Year
- Midway and Lionstone Investments secures $140M refinancing for GreenStreet [HBJ] $
- Weingarten Realty strengthens balance sheet by trading up [BisNow]
- Home sales rise for fourth straight month [HAR]
- NAR bans pocket listings, leaves “office exclusives” loophole [MansionGlobal]
- Big distribution thrives while smaller products struggles in Houson’s industrial market [Lee&Associates]
- City Council approves $24M for East End Innovation Maker Hub [HBJ] $
- Chinoiserie grows as interior design trend [Chron] $
- Northpark Drive HEB opens [Chron] $
- Real estate briefs [RealtyNewsReport]
- Fertitta offers $40M for bankrupt Houlihan’s [Chron] $
- SoftBank postpones $3 billion tender offer for WeWork [BI]
‘Burb Growth Brings Diversity (and Traffic )
- Growth in Houston suburbs brings diversity [Chron] $
- Austin-based Swivel offers office solution in Houston [BisNow]
- Maps show Houston’s growth from 1836 [Chron]
- League City plans for increased mobility [Chron]
- Texas 288 tollway delays opening to mid-2020 [Chron]
- Mattress Mack plans educational uses for unneeded retail space [HBJ] $
- Texas Tribune offers live stream of converstaions on future of Urban Texas [Texas Tribune]
- WeWork lost $1.3B in third quarter [BusinessInsider]
Third Ward Concerns As Gentrification Looms
- Weingarten Realty Investors acquires Shops at Hilshire Village amid efforts to improve year end portfolio [HBJ] $
- Tarantino Properties acquires Cypress Pointe from Weingarten [RealtyNewsReport]
- Slalom LLC signs at CityCentre Five [HBJ] $
- LA-based Haven Realty Capital The Champions Woods Apartments from Venterra Realty [RealtyNewsReport]
- Houston’s most expensive homes sold in October [HBJ] $
- Baker Institute reports results of Third Ward study [HoustonPublicMedia]
- Baker Institute’s Third Ward Compreshensive Needs Assessment Data Report [BakerInstitute]
- Builders Digital Experience announces builder ranking service [RealtyNewsReport]
Optimistic Forecasts for Houston Real Estate
- “Slow but steady growth” anticipated for Houston’s office market [HBJ] $
- First retail tenants to open this week in Lower Heights District [HBJ] $
- Construction nears completion at Stages Repertory Theatre campus [HBJ] $
- Vernon G. Henry & Associates presents plans for Rice’s Ion and Innovation District [Chron]
- Howard Hughes Corp announces development of multifamily project at Creekside Park Village Center [RealtyNewsReport]
- U.S. Rep Dan Chrenshaw announces $25M federal grant for road reconstruction in Heights [Leader]
- NAR’s chief economist Lawrence Yun presents Houston real estate information [RealtyNewsReport]
- Houston Endowment HQ architect Kevin Daly discusses Houston and competitions [Chron]
- Houston ranks 19th among most dangerous cities for drivers [HBJ] $
- U.S. Rep Lizzie Fletcher’s HELP Act plans for faster recovery from floods and hurricanes [HoustonPublicMedia]
WeWork’s Kool-Aid Was Strong
- Levcor completes adaptive reuse construction at 7800 Washington [HBJ] $
- Grand Parkway tolls increasing [KHOU11]
- Memorial Hermann The Woodlands Medical Center announces $250M expansion project [HBJ] $
- This week’s deal sheet [BisNow]
- PropertyClub’s rent report compares rents in 50 global cities today vs 5 years ago [PropertyClub]
- TERA project is one of the latest experiments in 3D-printed houses [NYT]
- WeWork employees’ letter to managment asks for restoration of values [HBJ] $
Jesse H. Jones Continues to Influence Houston Landscape
- D.E. Harvey halts construction of McDermott’s headquarters at Energy Center Five [HBJ] $
- Stonelake Capital Partner’s tops out 15-story office tower in their Park Place River Oaks development [HBJ] $
- Whole Foods opens in Morgan Group’s Midtown project, Pearl Marketplace [HBJ] $
- Houston Endowment selects team led by LA-based Kevin Daly Architects to design new headquarters overlooking Spotts Park [HBJ] $
- Houston Endowment project to become a Houston landmark [Chron]
- Washington Corridor is hub for historic redevelopment [BisNow]
- Rice University’s Jim Blackburn wants system created to shut down freeways before they flood [HoustonPublicMedia]
- Riverway Homes opens next project in Spring Branch [Chron]