Market News

Search Market News

  • Rising commercial property valuations might drive businesses out of Houston, group says

    The Texas Building Owners and Managers Association has launched a statewide initiative urging legislators to reform how property across the state is appraised.

  • Conor Commercial Real Estate and USAA Real Estate buy site in Missouri City for industrial park

    Conor Commercial Real Estate and joint venture partner USAA Real Estate Co. have acquired 36 acres at Beltway 8 and U.S. 90 in Missouri City for the development of Gateway Southwest Industrial Park.

  • Grocery-anchored shopping centers dominate new retail construction

    Houston's competitive grocery market is transforming the retail development game in town.

  • Aldi to open new store

    Continuing its strong push into the Houston-area grocery market, Aldi is planning to open another new store here next week. The discount grocer, which has more than 1,300 stores in 32 states, will open a new location at 3601 Texas 6 South on Dec. 11.

  • Industrial Still Firing on all Cylinders in Q3

    North American Industrial Market Report. Colliers International released is Q3 North American Industrial Market Report and the industrial real estate market continued to fire on all cylinders in Q3 2014, driven by ongoing expansion in the manufacturing sector, strong auto sales, rising housing starts and robust growth in e-commerce, bolstering demand for bulk industrial and logistics facilities.

  • Cajun-fusion late-night restaurant expands to suburbs

    Houston-based BB's Cafe, a so-called "Tex-Orleans" restaurant known for its mean po'boys and Louisiana-style gumbo, is making its first expansion into the suburbs with a new Katy location.

  • Former NFL player opens Missouri City Snap Fitness

    Working out isn’t a one-size fits all, and Snap Fitness, 7746 Hwy. 6 in Missouri City, knows exactly how to accommodate members with a variety of strength and fitness goals. “We want this gym to be their own personal gym,” said Jordan Black, owner of the Missouri City Snap Fitness. “This gym meets everyone’s needs regardless of what they may be. We genuinely care for each person that walks in the door. I want people to understand there’s an athlete in them. Everyone has an inner athlete. It’s a great feeling when someone you see turns the corner and starts pushing themselves. It gives them a different outlook on life and makes them happy."

  • North American Office Market Report - 3Q 2014

    Tech, Sunbelt Office Markets Are Leading Broad Recovery Colliers International released is Q3 North American Office Market Report and It was another solid performance for the North American office market, with improvements in both the U.S. and Canadian markets.

  • Why are Office Rents Rising the Fastest?

    Looking at the Q3 2014 rankings of the U.S. and Canadian office markets tracked by Colliers International in terms of rent growth, Houston leads North American markets for CBD Class A Office inventory. One interesting note: San Francisco and all of the East Bay and South Bay office markets ranked among the top 10 in terms of year-over-year Class A rent growth, including Suburban Oakland and Pleasanton/Tri-Valley ranking first and second, respectively, among all suburban markets.

  • All I-45 southbound lanes closed Fri-Mon, Oct 24 - 27

    MONTGOMERY COUNTY, Texas -- All southbound main lanes of I-45N will be closed starting Friday, October 24, 2014 at 10:00 pm through Monday, October 27, 2014 at 5:00 am. Southbound traffic will be diverted onto the frontage road just south of Windsor Lake Blvd. through the SH 242 intersection. All traffic will be allowed to re-enter IH 45 main lanes at Wellman Road.

  • Life is 2064: Urban, Longer, Maybe Neverending

    That an octopus called Paul had a better success rate than Goldman Sachs when predicting World Cup results (credit to the Wall Street Journal for the headline “Octopus Beats Vampire Squid”) tells you something about the wisdom of guessing the future in public. Guessing what the world will look like in 50 years’ time, however, is pretty safe, as I won’t be here to see myself proved wrong. Or will I?

  • Prime Sugar Land Property selling fast

    More than half of the 90 acres of prime commercial property in Sugar Land that was recently put up for sale at the master-planned community Telfair have sold with medical offices, a mixed-use development and multifamily project in the works.

  • Fed Beige Book: Commercial Construction and Real Estate activity grew in most Districts.

    Office leasing activity increased in Dallas and Austin and held steady at high levels in Houston.

  • Q2 2014 Cap Rate Trends

    The mean cap rate increased by 20 basis points during the second quarter to 6.6%. The mean cap rate is now on a bit of an upswing after bottoming out at 6.2% during the first quarter of 2013. Although the mean cap rate has fluctuated slightly since that time, an increase of 40 basis points is not insignificant. Moreover, if we look at the 12-month rolling cap rate, this also indicates that cap rates in the market have bottomed out and are trending upward.

  • Colliers Global HQ introduces new CRE business blog, Insights

    We’ve been working on a top secret project here at Colliers Global HQ. Meet our new #CRE business blog, Insights: http://insights.colliers.com/ Insights will cover anything and everything impacted by commercial real estate. We also aim to inform, entertain, and inspire you along the way. Please let us know what you think, and share this post with your colleagues to help spread the word!

  • Battle of the Upstarts: Houston vs. San Francisco Bay

    “Human happiness,” the Greek historian Herodotus once observed, “does not abide long in one place.” In its 240 years or so of existence, the United States has experienced similar ebbs and flows, with Boston replaced as the nation’s commercial capital first by Philadelphia and then by New York. The 19th century saw the rise of frontier settlements—Cincinnati, Pittsburgh, Cleveland, and finally Chicago—that also sought out the post position. In the mid 20th century, formerly obscure Los Angeles emerged as New York’s most potent rival

  • Ritter’s Frozen Custard is opening more Houston area locations, including one this week

    Ritter’s Frozen Custard will open its second Houston-area location Friday at 22510 U.S. 59 North in Porter, near Kingwood. Ritter’s expects to have five locations in the area by next year. The first Ritter’s opened in Katy at 3427 North Fry Road about 16 years ago and is currently the only location in Texas, said Gary Occhiogrosso, president and chief development officer of Trufoods, the New York City-based owner of Ritter’s.

  • Sugar Land tops the list of America's best places to find a new job

    In a country so full of great places, choosing the best is no easy task. This year, MONEY set out to find the nation's top small cities with populations between 50,000 and 300,000. (We alternate annually; in 2015, we'll focus on small towns.) Starting with a pool of 781 cities, we used data from Onboard Informatics and other sources to comb through everything from the local economy and housing market to schools and healthcare—more than 50 factors in all.

  • Houston suburb ranks high on 'America's 50 Best Cities to Live'

    Missouri City ranked No. 16 on 24/7 Wall St.'s list of “America’s 50 Best Cities to Live.” According to 24/7 Wall St., Missouri City is one of the most crime-free cities in the country. It also offers families a cost of living only slightly higher than the national cost of living

  • Lawmaker wants EPA to consider cost of new smog limits

    A Texas lawmaker on Wednesday introduced a long-shot bill to force the Environmental Protection Agency to consider cost when setting nationwide limits for smog, or ozone. The bill by U.S. Rep. Pete Olson, a Sugar Land Republican, comes as the EPA considers ordering deeper cuts for the lung-irritating pollutant, which has fouled metropolitan Houston's air for decades.

  • Colliers North American Office Report

    Following the weak, weather-impacted first quarter of 2014, the U.S. office market is back strongly in Q2. After a 2.1% contraction in Q1 2014 - the largest decline since Q1 2009 - real GDP surged by 4.2% in Q2 2014, with gains in nearly every category.

  • Job Growth Propels the Houston Office Market

    Houston Texas has more office space under construction than any other major city in the country. Are we over-building? Well that remains to be seen, but its also the office market where companies are absorbing office space faster than any other major U.S. city.

  • Sugar Land seeks to turn former prison into business park

    Sugar Land is investigating the feasibility of turning the former site of a federal prison into a business park

  • The Houston Office Building Boom

    The Association of General Contractors of America recently reported that construction employment expanded in 223 metro areas between July 2013 and July 2014. Dallas-Plano-Irving, Texas added the largest number of construction jobs in the past year (9,400 jobs, 8 percent), followed by Houston-Sugar Land-Baytown, Texas (8,900 jobs, 5 percent)

  • The rich get richer: Housing market’s rising tide lifts wealthiest ZIP codes’ home values the most

    Nothing, it seems, can cool Houston’s red-hot housing market. The area has had nearly three full years of positive sales, and inventory has hit 40-year lows in recent months, according to the Houston Association of Realtors.

  • U.S. Office Market Rankings - Net Absorption

    Can you name the U.S. office market where office space is leasing the fastest? The answer might surprise you.

  • Fast-Casual Indian Concept DGN Factory Expands to Missouri City and Downtown

    Could 2014 finally be the year of the dosa— the fermented South Indian crepe? DGN Factory hopes so. Previously known as The Dosa Factory, DGN Factory is the fast-casual Indian restaurant located on the outskirts of the Galleria area. Starting "a revolution in the food industry," the vegetarian restaurant provides a contemporary twist on South Indian staples like dosas, idlis and vadas.

  • Office using Employment Growth Strong in Texas

    The fast-growing Texas economy showed steady growth in July, adding 46,600 seasonally-adjusted nonfarm jobs. In the last year, the Lone Star State's economy has expanded by 396,200 jobs.

  • CRE Pricing Near Pre-recession Levels

    CoStar has released it's latest Commercial Repeat Sale Indices (CCRSI), a look at June 2014 commercial real estate pricing, based on 1,432 repeat sales in June 2014 and more than 125,000 repeat sales since 1996.

  • Hometown chef cooks up expansions

    The Laurenzo family has been making food for Houstonians for decades. Though the original Ninfa’s hit setbacks in the 1990s when the restaurant was bought out, Domenic Laurenzo has led the rebirth of his family’s Tex-Mex empire after founding El Tiempo Cantina with his father, Roland, in 1998.

  • 15 Most Read Posts on the Mechanics of an Office Lease

    The following posts from The Tenant Advisor that discuss the ins-and-outs of leasing office space have proven among the most viewed and searched content on this site.

  • Meet the Fast 100: Architecture firm taps into Houston's craft brewery scene

    Fast-growing architecture firm Three Square Design has designed a variety of projects in the Houston area — from industrial to retail spaces. But it has become the go-to firm for craft brewery projects, a business that is booming, not to mention kind of fun

  • The Houston MSA employs over 290,000 employees in the healthcare industry

    If the Houston metro area were an independent nation, it would rank as the world’s 27th largest economy, according to the International Monetary Fund – behind Argentina ($488.2 billion), but ahead of Austria ($415.4 billion) and the United Arab Emirates ($396.2 billion).

  • Sugar Land tops Money's 'Best Places to Find a New Job'

    Sugar Land topped Money’s list of “Best Places to find a New Job" coming in at No. 1. Unemployment in the Houston suburb is 4.2 percent, no doubt due in part to its proximity to Houston, but also because of the companies located there, including Fluor, Schlumberger, Minute Maid — which has its headquarters there — and Fortune 500 company CVR Energy.

  • Houston Suburb ranks high on 'America's 50 Best Cities to Live'

    Missouri City ranked No. 16 on 24/7 Wall St.'s list of “America’s 50 Best Cities to Live.” According to 24/7 Wall St., Missouri City is one of the most crime-free cities in the country. It also offers families a cost of living only slightly higher than the national cost of living.

  • Blog - The Glass Half Full

    10 Things you might not know about Houston - 1. If the Houston metro area were an independent nation, it would rank as the world's 27th largest economy, according to the International Money Fund - behind Argentina ($488.2 billion), but ahead of Austria ($415.4 billion) and the United Arab Emirates ($396.2 billion).

  • Katy among places eyeing 'town square' model to draw visitors

    When Byron Hebert moved to Katy more than two decades ago, the grain elevators and water tower were among the only features that distinguished historic "Old Town" Katy from the checkerboard of surrounding subdivisions.

  • 5 reasons why Houston's apartment market is hot

    Developers are building apartment units at breakneck speed to fill Houston's housing shortage and demand for resort-style living. Garden-style, mid-rise and high-rise apartment buildings are cropping up across the city, especially in the inner Loop and downtown.

  • On trend: Texas Instruments opens new local office with cool amenities

    On July 23, Texas Instruments (Nasdaq: TXN) opened its new Sugar Land office, which boasts a variety of amenities for its employees. Located at the northeast corner of U.S. 59 and University Blvd., the three-story office will house 375 employees. TI's building will include several collaboration spaces, a courtyard, outdoor basketball and volleyball courts, a fitness center and walking path around the building.

  • The Nuances of Leasing Medical Office Space

    Medical office space users and physician practices don't typically relocate to new buildings as often as general office tenants. However, the competition for new patients is increasingly steering physician practices to non-hospital campus properties as they seek more conveniently accessible locations for their patient base.

  • Here's where the top master-planned-community developers are building

    Master-planned communities have been making a splash all over the Bayou City. This map shows where you can find noteworthy communities in the Houston area that were developed by residential development companies on The List of Houston-Area Master-Planned Community Developers. Not surprisingly, most of these communities reach far out into Houston's fast-growing suburbs, particularly in the Cypress-Spring and Sugar Land areas of Houston.

  • New submarket sees flurry of new office construction

    A Houston submarket that once was predominately industrial is attracting new Class A office construction thanks to its lower costs and accessible location. "The West Belt office submarket, which is located on Beltway 8 north of (Interstate 10) and extends just east of Highway 249, is a cost-effective alternative for companies in west Houston that need larger spaces and higher parking ratios," said Jon Lee, senior vice president of brokerage services in CBRE Group Inc.'s Houston office.

  • Bigger & bolder: Master-planned communities up the ante in amenities (video)

    HBJ reporter Jenny Aldridge's centerpiece story dives into the Houston area's master-planned communities and how they're stepping up their game with luxurious amenities.

  • 'World's largest' carbon capture project to be built in Fort Bend

    NRG Energy Inc. (NYSE: NRG) and a Japanese company are partnering up to build the world's largest carbon capture project just southwest of Houston at one of NRG's aging power plant. The Petra Nova Carbon Capture Project will convert 1.6 million tons of carbon emissions generated at the WA Parish power plant in Fort Bend County into flue gas, which NRG says "is expected to be among the cleanest fossil fuel emissions in the world," according to a press conference.

  • Success and the City: Houston's pro-growth policies producing an urban powerhouse

    David Wolff and David Hightower are driving down the partially completed Grand Parkway around Houston. The vast road, when completed, will add a third freeway loop around this booming, 600 square mile Texas metropolis. Urban aesthetes on the ocean coasts tend to have a low opinion of the flat Texas landscape- and of Houston, in particular, which they see as a little slice of Hades; a hot, humid, and featureless expanse of flood-prone grassland, punctuated only by drab office towers and suburban tract houses. But Wolff and Hightower, major land developers on Houston's outskirts for four decades, have a different opinion.

  • Boston Proper to open first Houston-area location

    Florida-based retailer Boston Proper is opening its first location in the Greater Houston area. The women's fashion retailer offers a range of styles from business casual to beachy and will integrate technology into its shopping experience.

  • One Houston suburb lands on list of 40 Most Improved Cities in America

    It's been five years since the Great Recession officially ended, and Texas appears stronger than ever. According to a new analysis by Nerdwallet.com, eight of the top 10 most improved cities are in the Lone Star State.

  • Grand Parkway, lot inventory are game changers for master-planned community home sales

    It probably comes as no surprise that the Houston area dominated a list of mid-year home sales in master-planned communities across the country. However, a couple of well-known contenders fell, and others picked up speed with the extension of the Grand Parkway. Riverstone, the Johnson Development Corp.'s community in Sugar Land, ranked the highest of all the Houston-area communities on the list at No. 4, up two slots from last year's annual rankings, reports RCLCO, a national real estate consulting company with offices in Austin and Washington D.C.

  • More Katy neighborhoods score high on national list

    While Cinco Ranch and nearby communities in Katy took the No. 1 spot on a national survey for the most households relocating to the area in the month of May, another part of the suburb also beat out most of the nation. Atlanta-based Welcomemat Services reports that the 77449 ZIP code, which is also in Katy, ranked 11th on the list of household move-ins across the country.

  • New multifamily project joins popular community in growing suburb

    An Austin-based company recently broke ground on an upscale multifamily development near the Grand Parkway in a growing suburb between Katy and Sugar Land. Oden Hughes LLC is building a 342-unit Class A community near the intersection of the Grand Parkway and the Westpark Tollway in Richmond.

  • Houston suburb ranked as the hottest area for move-ins nationwide

    Nationally, a portion of Katy had the most households relocate to the area in the month of May, according to a national firm that markets to consumers who have recently moved. Atlanta-based Welcomemat Services reports that the 77494 ZIP code, which is in Katy, saw more household move-ins during the month of May than any other ZIP code in the country.

  • These five communities saw the most new home construction starts

    A Sugar Land community with high-end amenities reigns supreme when it comes to new home starts over the past year. Riverstone had 756 home starts from the second quarter of 2013 to the first quarter of 2014, according to Houston-based MetroStudy.

  • New model homes open in Riverstone

    Home buyers will find more options to choose from in Riverstone this summer. Newmark Homes and Trendmaker Homes have opened new model homes in the Marble Bend neighborhood located in The Johnson Development Corp.'s master-planned community.

  • Aldi Starts Building Divisional Headquarters in Rosenberg

    Don't look now, but a new grocery retailer is quickly making its presence known in the greater Houston area, and creating a lot of new jobs in the process.

  • Memorial Hermann breaks ground on expansion in fast-growing 'burb

    Memorial Hermann Health System broke ground on the first phase of its massive $93 million expansion project in Sugar Land to meet demands of the growing population May 14. Phase 1 includes expanding the emergency center at Memorial Hermann Sugar Land Hospital and is expected to be complete this fall. Phase 2, which will begin early next year, includes a 100,000 square foot medical office building and a six-story, 120,000 square foot patient tower.

  • 2014 Landmark Awards: Land Deal

    Fluor Enterprises, Inc., a subsidiary of Irving-based Fluor Corp. (NYSE: FLR), has purchased 50 acres at the southeast corner of Highway 59 and University Boulevard for future development. The company, Sugar Land's largest employer, inked an incentive deal with the city and committed $165 million in capital investment to keep its almost 3,000 employees in the city.

  • Aldi to Break Ground on 650,000 Square Foot Distribution, HQ Facility

    Aldi Inc. will make a big splash in Rosenberg when it breaks ground on its new distribution center and division headquarters and opens another store next month. The 650,000 square foot distribution center and division headquarters will break ground at 8 a.m. May 1 at 777 Highway 90 A W. Later that day, the ribbon cutting and open house will be held at 10:30 a.m. for the store at 6450 Reading Road. Rosenberg is west of Sugar Land in Fort Bend County.

  • New Neighborhood On Tap for Riverstone

    As demand increases, one of Houston's largest master-planned communities is about to get even bigger. Houston-based Newmark Homes has purchased a 22-acre tract of land in Fort Bent County just west of Highway 6 on Oilfield Road adjacent to the master-planned community of Riverstone in Sugar Land.

  • Meet the Largest Employers in Sugar Land

    The sugar industry transformed the sleepy community of Sugar Land into one of the fastest-growing areas of Houston, attracting Fortune 500 investment and so many residents it's running out of homes. Across the U.S., more and more corporations are moving to livable centers that feature a high quality of life, and Sugar Land is a prime example of that.

  • Tracing Sugar Land's History from Sugarcane Plantation to Business Mecca

    What is now a bustling business hot spot was kick started by a sugarcane plantation that found its workforce from the nearby state prison. The plantation set the backbone for what would become Imperial Sugar Co., which harvested and refined local sugar and is the namesake of Sugar Land.

  • Riverstone to Release More Home Sites, Including Some on an (Almost) Island

    One of the area's most popular master-planned communities is about to get bigger and swankier. Riverstone, ranked second only to Cinco Ranch for the most homes sold last year in a master-planned community, will release 900 more home sites over the next six months, including nine 1-acre island lots on Lake Riverstone, which is located in the middle of the Sugar Land development.

  • Gallery Furniture to Open its Largest Store Yet, Moves into New Venture

    Houston-based Gallery Furniture is going big with the addition of a new store it plans to build in southwest Houston, as well as a new business it launched earlier this year. The new 140,000 SF store will be located off the Grand Parkway in Richmond, next to the Palladium Theater, and is expected to open in December.

  • Johnson Development To Build Another Community Just Off Grand Parkway

    Yet another master-planned community will be build adjacent to the Grand Parkway. The Johnson Development Corp. said Wednesday it will build a currently unnamed master-planned community on a 1,300-acre property in Fort Bend County at the intersection of the Grand Parkway and West Airport Boulevard.

  • University of Houston Plans Big Changes at Sugar Land Campus

    University of Houston System will boost its Sugar Land campus with new programs and renovations, and will move away other programs from the campus.

  • Sugar Land Explores Building a Convention Center

    As the city continues to grow its business community, Sugar Land staff has begun exploring a new economic avenue: conventions and conferences. City leaders are negotiating with a firm to conduct a market analysis on the possibility of building a Tier 2 convention center in Sugar Land, confirms Regina Morales, the city's Director of Economic Development.

  • Harris County Losing Residents to Affluent Neighboring Counties, Census Finds

    Harris County, which with more than 4 million residents is the nation's third most populous, is losing thousands of its wealthiest, best-educated residents to neighboring Fort Bend and Montgomery counties, a U.S. Census Bureau study released Thursday shows.

  • What Ethnic Diversity Looks Like: Fort Bend County

    Nikhil Sabharwal of Toronto stood outside a hotel, next to a cart piled with luggage, holding a tall stick decorated with gold garland, a bhangra dance prop from an Indian wedding he had attended here. Steps away, at a coffee shop, a woman wearing a hijab sat near the spot where, minutes earlier, Lynne Gabriel, a fashion blogger of Filipino decent, had posed for photos for her website. All of this played out on Monday at the town square in Fort Bend County.

  • Sugar Land Advances Proposed Performing Arts Center

    Efforts to create a 6,500-seat performing arts venue in Sugar Land took two significant steps forward this summer when Sugar Land City Council approved a development agreement July 23 with ACE SL for the design, development and construction of a center, and the Sugar Land Development Corp. approved a project architect Sept. 3.

  • Houston Suburbs Top List of Best Texas cities for Job Seekers

    Looking for a job? Head to the Houston suburbs. A recent study of the best Texas towns for job seekers put League City in the No. 1 spot and Sugar Land No.3.

Global Market News

Texas