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Apr 18, 2024 | 
therealdeal.com | Brandon Sams
Houston’s single-family rental market is blooming, as the home-buying market struggles, and developers are ramping up built-to-rent investments.
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Apr 8, 2024 | 
therealdeal.com | Ilya Hourie |Brandon Sams |Christian Brazil Bautista
Jetall Companies' Ali Choudhri and Romspen's Wesley Roitman with 1001 West Loop South (Jetall Companies, Romspen Investment Corporation, Google Maps)In the heart of Houston’s Inner Loop, a property dispute is unfolding over the former Xerox headquarters at 1001 West Loop South.
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Apr 5, 2024 | 
therealdeal.com | Priyanka Modi |Brandon Sams |Christian Brazil Bautista
Mustang CAT CEO Sam Tucker and Waller County in Texas (Illustration by The Real Deal with Getty, Mustang CAT)Construction equipment dealer Mustang Cat is planning a headquarters move. The Caterpillar dealership for Southeast Texas filed plans to construct a 185,000-square-foot building at 897 North Business 290 in Hempstead, a small town 40 miles northwest of Houston. Construction is expected to cost $30 million, or $162 per square foot, although estimates are preliminary and subject to change.
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Mar 29, 2024 | 
therealdeal.com | Kevin Cifuentes |Brandon Sams |Christian Brazil Bautista
Stewardship Development Founder Bill Syrios (Linkedin, Getty)Stewardship Development is planning a 72-unit workforce community in North Houston, taking another dip into the Greater Houston housing market. The Oregon-based developer is set to begin construction on the multifamily project, dubbed Saddle Creek Village, in July, according to a filing with the state. It will be located at 15960 Kuykendahl Road with an estimated price tag of $14 million, or $194,000 per unit.
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Mar 28, 2024 | 
therealdeal.com | Kevin Cifuentes |Brandon Sams |Christian Brazil Bautista
Whitestone REIT Dave Holeman next to Woodlake Plaza (Getty, JLL, Libnkedin)Whitestone REIT is offloading its last remaining office property, its headquarters, as part of a strategic shift to retail real estate in the Sun Belt. It listed the 106,000-square-foot Woodlake Plaza, at 2600 South Gessner Road, in the Westchase district. JLL’s Martin T. Hogan is marketing the property; the asking price wasn’t disclosed.
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Mar 27, 2024 | 
therealdeal.com | Kevin Rebong |Jess Hardin |Brandon Sams
Jim Fite’s half-century of real estate experience means that right now he’s playing the role of comforter-in-chief for one of the largest residential brokerages in Dallas-Fort Worth. That’s because the $418 million NAR settlement flipped the script on the home sale process. Understandably, brokers at Century 21 Judge Fite Company, as well as their peers nationwide, panicked. The settlement banned brokers from negotiating commissions through the MLS.
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Mar 13, 2024 | 
therealdeal.com | Steven Dilakian |Brandon Sams |Christian Brazil Bautista
Hillwood is planning major improvements for a massive Target distribution center. The Dallas-based development firm chaired by Ross Perot Jr. is set to spend $50 million on interior improvements for the 1.2 million distribution facility at 5805 South Sam Houston Parkway East, according to state filing records. The project will convert the distribution space into a “new function” to operate as a warehouse, the records state.
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Feb 28, 2024 | 
therealdeal.com | Priyanka Modi |Brandon Sams |Christian Brazil Bautista
Houston Methodist President and CEO Marc Bloom and Howard Hughes Houston region President Jim Carman with Creekside Park Medical Plaza (Howard Hughes, Houston Methodist)Howard Hughes Corporation offloaded Creekside Park’s first medical office, which it delivered last year. According to The Woodlands-based developer’s quarterly SEC report, it sold the Creekside Park Medical Plaza, at 26424 Strake Drive, for $14 million.
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Feb 14, 2024 | 
therealdeal.com | Brandon Sams |Christian Brazil Bautista
A photo illustration of Kittle Property Group CEO Jeffrey Kittle along with an aerial view of Lower Kirby/Southeast Houston (Getty, Kittle Property Group, Kittle Property Group is planning its first senior living community in Houston. The Indianapolis-based firm plans a $35 million project on an undeveloped tract at 6160 Madden Lane in Southeast Houston, according to a filing with the state of Texas. The four-story project will include 283 units across 335,000 square feet.
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Jan 8, 2024 | 
therealdeal.com | Brandon Sams |Matthew Elo
Billionaires, heiresses and real estate icons make up the owners of Houston’s priciest home listings in 2023. The upscale neighborhoods River Oaks and Hunters Creek Village dominated the list, with River Oaks comprising 80 percent of the listings. Brokerage firms Compass and Douglass Elliman represented a combined 70 percent of the most-expensive listings’ agents. No broker was more prolific than Compass’ star Houston player Laura Sweeney, who represented three of the top 10 sales.
