There seems to be no shortage of warehouse projects. Yet another in Missouri City:
Trammell Crow Co. partnership announces industrial park in Missouri City http://blog.chron.com/primeproperty/...ty-600x372.jpg |
Some long-time real-estate observers were predicting the worst for Houston when February home sales declined. But along came March, and all's right with the world again...
Home sales tick upward again The gain was 3.8% and it was accompanied by a 9% increase in median home prices. Some things never change. |
How many of you Game of Thrones fans could have seen this coming?
Kingwood to welcome Class A multifamily project in 2016 "A 327-unit, Class A multifamily community is in the works in Kingwood called Kings Landing. The property will include 12 two- and three-story garden-style buildings with units that average 989 square feet and have attached garage parking..." |
And next to Kingwood, Generation Park continues to expand:
Massive mixed-use development spurs new home construction (Photos) And on the other side, Valley Ranch Town Center breaks ground: Groundbreaking of Valley Ranch Town Center, the largest retail development in the greater Houston area http://www.hkatexas.com/wp-content/u...8044607705.jpg http://www.hkatexas.com/wp-content/u...wn-Center3.jpg |
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Here's a nifty concept that is coming to Houston after being debuted in a couple of other cities, an "agri-hood" - a home development with a working farm and garden plots in each backyard. It remains to be seen if those purchasing the new homes will take advantage of the opportunity to create their own personal Victory Gardens.
Fort Bend ‘agri-hood’ to include community farm http://blog.chron.com/primeproperty/...vest-green.jpg |
Here they come. Redevelopment hits the Near Northside...
Near Northside neighborhood braces for change |
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The plans are changing for the Grand Texas theme park. Now with retail...
Grand Texas reworks master plan, delays construction, adds outlet mall |
LaPorte is in the running to get another major petrochemical plant.
Brazil’s biggest petrochem company considering Gulf Coast for massive natural gas project |
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The Woodlands is planning to incorporate. In preparation, they've picked a location for the city administrative facilities.
Woodlands buys 11.6 acres in Town Center for future municipal complex |
Rumors about a possible sale of Westbury Square have begun to bubble again, after local theater Company on Stage suspended their 2015-2016 season, citing a pending contract on the Square. Buyer and plans for the site are unknown at this point.
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Office development may be on pause in Houston, but industrial still appears to be red hot.
Houston has tightest industrial market in Texas |
More industrial absorption is expected when the Panama Canal is finished, but the Port could use some additional capacity enhancements to accommodate the largest container ships. From BisNow today:
https://ci6.googleusercontent.com/pr...Cut-medium.jpg "...The Port of Houston has fallen in the rankings in JLL’s annual seaports outlook report—the recently released index pegs us as the eighth-healthiest port market for industrial development, down from seventh last year. But JLL SVP John Talhelm says Houston is a bit of a mixed bag: We dominate in some metrics and keep slipping in others. Our biggest weakness is one that’s been talked about a great deal lately—the Port’s inability to receive Post-Panamax ships with 13,000 TEUs. While most other top-tier ports are dredging to 50 feet, our container ports are still only 40 feet. They’re getting dredged now to 45 feet, which will increase our capacity substantially to 10,000 TEUs. The Port Authority anticipates a 10% increase of container terminal activity, but the lack of depth is still hurting us in the rankings. But that’s just one stat, John says. Houston blows everyone else out of the water (pun intended) on foreign tonnage, leads the pack in exports, and takes 60% of the containers that come into the Gulf. We’re leading the nation in population growth, our infrastructure is good, and we’ve got plenty of warehouses and land nearby. That abundance does hamper our distribution market—Harris County and its immediate neighbors span 11,000 square miles, the size of Massachusetts, Rhode Island and Connecticut combined, John tells us. That’s a jarring amount to cover, and distribution companies have tended to prefer West Houston as it's easier to maneuver around that area. But wherever we are in national rankings, Houston’s port-related real estate is doing phenomenally well. The Southeast submarket had a large vacancy rate for years (thanks to massive overbuilding a decade ago), but John says it’s all soaked up now. Southeast warehouse product has had a 3.9% absorption rate year-to-date, double the next closest submarket..." |
Gonzo247 wants Houston to have a museum to graffiti art...
http://ww3.hdnux.com/photos/35/42/05...11/920x920.jpg http://www.chron.com/life/article/Houston-will-soon-have-a-museum-devoted-to-6476101.php |
Another chemical plant gets the go-ahead in Channelview.
LyondellBasell moves forward with new chemical plant in Channelview |
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