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Older households are driving the increase in rentals. They're also more likely to be rent burdened.
News 6 days ago
Older households are driving the increase in rentals. They're also more likely to be rent burdened.

Demand for rentals has been increasing across the board, according to the Pew Research Center. Since 2001, the share of households that rent has...

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DeFalco’s home brew shop to close after 48 years
News 1 week ago
DeFalco’s home brew shop to close after 48 years

DeFalco's Home Wine and Beer Supplies, Houston's oldest and largest home brew shop, is closing after 48 years. The retailer, which sells supplies...

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Report: Houston among top markets for apartment investors
News 1 week ago
Report: Houston among top markets for apartment investors

With rents poised to rise and vacancies set to fall, Houston has been designated as one of the nation's top market for multifamily investments,...

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Houston among cities with highest office vacancy
News 1 week ago
Houston among cities with highest office vacancy

Houston, Dallas and Atlanta saw upticks in office vacancy rates in the second quarter, with Houston still having the highest rate by far among the...

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Plans for Airline farmers market unveiled at groundbreaking
News 1 week ago
Plans for Airline farmers market unveiled at groundbreaking

Houston super-chef Chris Shepherd will develop a new food concept for the Houston Farmers Market, the 18-acre culinary and entertainment...

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Texas City church sells site to multifamily developer
News 1 week ago
Texas City church sells site to multifamily developer

Smart Living, a luxury apartment developer, purchased a 9.4-acre parcel from First Baptist Church of Texas City. It plans to build 234 units of...

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18 mixed-use developments underway around Houston
News 1 week ago
18 mixed-use developments underway around Houston

Developers continue to bank on mixed-use buildings that allow people to live near work and entertainment. Over three million square feet of mixed...

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Houston ranks 10th for apartment sales, but growth is flat
News 1 week ago
Houston ranks 10th for apartment sales, but growth is flat

Sales of apartment complexes are up 15 percent in the first half compared to the same period in 2018, according to the investor newsletter Real...

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Sears to close Texas City store this fall
News 1 week ago
Sears to close Texas City store this fall

The Sears at the Mall of the Mainland in Texas City will shutter this fall in the latest round of store closures for the struggling retailer....

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Louis Vuitton is coming to The Woodlands
News 2 weeks ago
Louis Vuitton is coming to The Woodlands

Houston could soon hit triple-digit temps as drought nears French luxury bag and accessory retailer Louis Vuitton is coming to Market Street - The...

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Burlington opens store in Houston
News 2 weeks ago
Burlington opens store in Houston

Bullets 'going off' as firefighters battle Houston-area blaze Burlington is opening its latest store in Houston on Aug. 2. The 40,000-square-foot...

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Where apartment rents are rising most in the Houston area
News 2 weeks ago
Where apartment rents are rising most in the Houston area

Apartment rents rose less in Houston than in other large Texas cities in July, but some suburban cities in the region are experiencing out sized...

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As it faces pressure from Trump and investors, the Fed prepares to take its biggest gamble in years
News 3 weeks ago
As it faces pressure from Trump and investors, the Fed prepares to take its biggest gamble in years

WASHINGTON - The Federal Reserve this week is all but certain to cut interest rates despite unemployment being at historic lows, a highly unusual...

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Plans emerge on redevelopment of former Exxon Mobil campus
News 3 weeks ago
Plans emerge on redevelopment of former Exxon Mobil campus

New details have emerged on a proposed mixed-use development planned on nearly 17 acres inside the Loop. The owner of the former Exxon Mobil...

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JPMorgan Chase commits $1M to affordable housing, improving small business credit scores
News 3 weeks ago
JPMorgan Chase commits $1M to affordable housing, improving small business credit scores

JPMorgan Chase & Co. said it would commit $1 million to help develop affordable housing and improve small business owners' credit scores in Houston...

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Owner refinances North Loop office building
News 3 weeks ago
Owner refinances North Loop office building

The owner of the 11-story 1225 North Loop office building has obtained a loan from CUNA Mutual Group to refinance the property, JLL announced. JLL...

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Mia's Table, Frost Bank to anchor new Braun Enterprises development
News 3 weeks ago
Mia's Table, Frost Bank to anchor new Braun Enterprises development

Who is dumping barrels of sulfuric acid near Cypress? Braun Enterprises, a Houston-based developer known for transforming aging inner city...

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Alex Rodriguez-backed TruFusion to open fitness studio near Galleria
News 4 weeks ago
Alex Rodriguez-backed TruFusion to open fitness studio near Galleria

Parkway Property Investments will bring TruFusion, a Las Vegas-based fitness studio backed by retired baseball great Alex Rodriguez, to its Post...

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Howard Hughes Corp. marks milestone in The Woodlands Hills
News 4 weeks ago
Howard Hughes Corp. marks milestone in The Woodlands Hills

Howard Hughes Corp. marked a milestone at The Woodlands Hills, its newest Houston area community, and was recently recognized for strong sales at...

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Marriott’s AC Hotel brand to make Houston debut
News 1 month ago
Marriott’s AC Hotel brand to make Houston debut

The AC Hotel, a Marriott brand named for Spanish hotelier Antonio Catalan, is scheduled to open July 28. The 10-story property at 723 Main, a...

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Houston apartments getting fuller and slightly more expensive
News 1 month ago
Houston apartments getting fuller and slightly more expensive

Bolstered by strong job growth, Houston area apartment rents and occupancy rates are on the rise and investors are taking note. The local market...

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Galleria mall announces three new tenants
News 1 month ago
Galleria mall announces three new tenants

A high-end Italian watchmaker and a British cologne shop are some of the latest retailers coming to the Galleria mall. Owner Simon Property Group...

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NY Life provides $208M loan for Hines building downtown
News 1 month ago
NY Life provides $208M loan for Hines building downtown

New York Life Real Estate Investors has underwritten a $208 million short-term loan for Hines and Prime Asset Management's 717 Texas office...

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Vacancy rates for workforce apartments near a 20-year low
News 1 month ago
Vacancy rates for workforce apartments near a 20-year low

Demand for workforce apartments has driven vacancy rates of older, less expensive housing - known as Class C multifamily - near a 20-year low,...

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Houston apartment rent increases lag rest of country
News 1 month ago
Houston apartment rent increases lag rest of country

The rate of price increases for Houston area apartments lagged the rest of the nation at midyear, despite the region's healthy economy and strong...

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Marathon Oil Tower set for major renovation
News 1 month ago
Marathon Oil Tower set for major renovation

M-M Properties is launching a more than $25 million renovation of Marathon Oil Tower, the 1.2 million-square-foot Galleria-area skyscraper that...

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Riverway office buildings wrap up major renovation project
News 1 month ago
Riverway office buildings wrap up major renovation project

The owners of the One and Three Riverway office buildings have wrapped up a multi-million dollar renovation project, and the Galleria-area...

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Charming Charlie to go out of business
News 1 month ago
Charming Charlie to go out of business

Charming Charlie, a Houston retailer known for selling flashy and colorful women's accessories, is going out of business after filing for...

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Mortgage rates have flatlined around two-year low
News 1 month ago
Mortgage rates have flatlined around two-year low

Mortgage rates have flatlined around a two-year low, according to data from the mortgage-finance company Freddie Mac. The average rate for a 30...

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Downtown's historic Hogg Palace sells to Austin buyer
News 1 month ago
Downtown's historic Hogg Palace sells to Austin buyer

The historic Hogg Palace Lofts, one of the earlier examples of downtown Houston's residential renaissance, has been sold to Kline Properties, an...

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