KINGWOOD – Harris County Flood Control District officials are developing a $28.2 drainage project to reduce flooding around Taylor Gully. The project will include a concrete-lined, low-flow channel within the existing channel to expand conveyance from 350 ft downstream of Creek Manor Dr. to 1,500 ft downstream of Mills Branch Dr. The project will additionally […]
Archives: February 2023
Grand Prairie 184K-sf industrial lease signed
GRAND PRAIRIE – TriStar Glass has signed a 184,283-sf industrial lease at 3405 Roy Orr Blvd. The glass fabricator will occupy the entire facility, which previously served as a Coca-Cola bottling plant. Cushman & Wakefield represented the tenant, which expects to be operational by the end of summer. An affiliate of CoreOne Industrial owns the […]
$335M industrial storage site trades hands in Matagorda County
MARKHAM – Crestwood Equity Partners and Brookfield Infrastructure have sold the Tres Palacios Gas Storage Facility for $335 million. The facility offers natural gas storage and is connected to 10 interstate and intrastate pipelines via a 60-mile bi-directional header system. The buyer was not disclosed. read more…
18-acre office condo park slated for Katy
KATY – Julie Rivers Development plans to construct 23 one-story professional or medical office buildings at the intersection of Jordan Ranch and Kingsland Blvd. The 23 buildings are designed as four- and five-plexes but can be combined in multiples of 1,225 sf up to 6,125 sf. Each unit will include a restroom, kitchen, and reception […]
Factory Building Stores inks 167,794-sf industrial lease
LOCKHART – Factory Building Stores has signed a 167,794-sf, full-building industrial lease at Lockhart 130 Industrial Park. The rear-load building will feature 32-ft clear heights and 37 dock doors. Lockhart 130 Industrial Park will ultimately comprise four buildings on a 45.1-acre site. AQUILA Commercial represented the landlord, Titan Development, in lease negotiations. HPI Real Estate […]
$5M asphalt improvement project gets green light in Tyler
TYLER – The 2023 Asphalt Enhancement Project is underway after the Tyler City Council approved a $4.9 million contract with Reynolds and Kay, LTD. The project includes 25 lane miles of pavement improvements and the repainting of traffic lane markings on city streets. The contract also includes the installation of high-friction surface treatment on West […]
PlaceMKR leading mixed-use redevelopment project
AUSTIN – PlaceMKR will undertake a 2 million-sf mixed-use redevelopment project at a 22.5-acre site at the intersection of East Riverside Dr. and SH 71. The site currently houses a storage facility and a former mobile home park. East Riverside Gateway will be a seven-building development that will feature residential, office, retail, and restaurant uses, […]
What You Should Know About Rising Mortgage Rates
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the […]
98K-sf East Houston industrial facility swaps hands
HOUSTON – Pagewood has acquired a 97,997-sf industrial property at 10205 Market St. Rd. The multitenant facility was built in phases during the late 1980s and early 1990s. It was 80 percent leased at the time of sale. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-area industrial news […]
UH to unveil on-campus hotel following a $30.6M renovation
HOUSTON – The University of Houston (UH) is opening the Hilton College of Global Hospitality Leadership following four years of renovations. The property at 4450 University Dr. includes a new 64,000-sf, eight-story tower with 70 additional guest rooms. The project also included renovation of the hotel’s preexisting 80 guest rooms, lobby, public spaces, and courtyard. […]