Houston industrial ended 2017 on a ‘quite remarkable’ note

This post was originally published on this site

Much of the growth Houston’s industrial sector in 2017 came in the form of warehouse and distribution center leases, fueled both by Hurricane Harvey-related demand and activity from e-commerce companies.

Montrose Management District stops neighborhood services

This post was originally published on this site

One local neighborhood district has ceased its services to residents and local businesses. 

As of Dec. 11, the Montrose Management District has stopped providing a variety of services, including safety patrols, graffiti abatement, trash pick-up and maintenance of promenades, according to a pop-up statement on the district’s website. It began reducing the services in mid-November.

The statement says that the district has done this because of “unpaid assessments from some of the commercial property…

Under tax law, affordable rents may take a hit

This post was originally published on this site

Projections have developers and city agencies scrambling for new financing and scaling back longer-term plans.

Op-Ed: Why Amazon’s rejection of Houston for its HQ2 is a chance to celebrate what makes the city great

This post was originally published on this site

Houston failed to make the 20-city short list for Amazon HQ2, which on the surface is disappointing. I commend both the city and the Greater Houston Partnership for their noble efforts in putting our city in the best light and trying to attract a giant like Amazon, especially amongst so much competition. The CEO of the Greater Houston Partnership Bob Harvey said, “I believe this is a wake-up call for Houston.” I completely agree, but not in the way you think. 

Our city’s pursuit of Amazon…

In 2018, ‘there’s so much capital earmarked for real estate’ in Houston

This post was originally published on this site

“Viewing Houston from the outside, people see tremendous opportunity to make a really big macro play.”

Montrose Management District ceases neighborhood services

This post was originally published on this site

The embattled Montrose Management District has stopped providing services to the neighborhood due to “unpaid assessments from some of the commercial property owners within the district,” according to a note on its website.

Industrial park planned for 92 acres west of Houston

This post was originally published on this site

Urban Cos. and InSite Realty Partners plan to develop a large industrial park west of Houston.

Apple won’t follow Amazon’s bidding war approach to choosing new campus, rules out Texas

This post was originally published on this site

Apple Inc. (Nasdaq: AAPL) wants to create a new corporate campus that will house thousands of employees, but it won’t follow Amazon.com’s highly public approach to finding a city to host its second outpost, according to media reports.

According to the news agency, Apple won’t hold a bidding process for its new campus. The company on Jan. 17 announced its campus plans as part of its efforts to contribute $350 billion to the U.S. economy over the next five years. The company said it will create 20,000…

Retail Wrap: Katy Ranch Crossing is filling up

This post was originally published on this site

Katy Ranch Crossing, a 750,000-square-foot retail development of Freeway Properties on 130 acres at the southeast corner of Interstate 10 and Katy Fort Bend Road, is almost fully leased. The center has generated about 150,000 square feet of lease deals annually for the last 5 years, said Lilly Golden, a broker with Evergreen Commercial Realty who represents the landlord.
“With only 40,000 square feet of big-box space remaining, I’m expecting 2018 will be the year I lease myself out of a job,” Golden said.

Large Houston accounting firm to hire following acquisition

This post was originally published on this site

BKD’s office has expanded by about 32 people in the past six weeks alone.