Real estate reporter for the Houston Chronicle and chron.com.

Houston apartment market worsening

houstonchronicle.com — To those in the energy business, "whether the price of oil is at $35 or $45 is not a big difference maker in the way they process it," Oden said. [...] you see a stop in the fall in the rig count, all rest of it is sort of background noise.

Camden execs: Houston apartment market getting worse

chron.com — Houston's multifamily market is "feeling a little worse" than it did three months ago , Camden Property Trust's CEO said Friday morning in a conference call to discuss the company's first-quarter earnings. "The good news is that construction lending has come to stop in Houston," CEO Ric Campo said.

Apartment tower to boast pool with a view

houstonchronicle.com — The tower at 777 Preston will actually have two pools, as well as a theater-inspired screening room, an indoor basketball court and children's room that will look like "Disney designed it," Schneidau said.

Randalls seeks variance to expand Midtown store

chron.com — The Randalls grocery chain wants to expand its 14-year-old store in Midtown and is seeking variances from the city's development code to make substantial changes to the property. Since opening the Midtown location in 2002, the area around it has experienced tremendous growth.

Downtown property owner files lawsuit to halt demolition of former Houston Chronicle building

chron.com — Theater Square LP, an entity affiliated with the Linbeck construction family, filed a lawsuit against an entity controlled by the Hines development firm, owner of the former Houston Chronicle building at 801 Texas, and Hearst Newspapers, the Chronicle's parent company. The agreement, it said, was put in place in late 2007 with Hearst and it remains binding with subsequent owners.

Office market woes to last a while

houstonchronicle.com — Tenants signing new leases are getting months of free rent, free parking, increased build-out allowances and even drops in rental rates, the company said. "When there's a 100,000-square-foot (sublease) block in a building that's 200,000 square feet and the other 50 percent is leased, when the sublease space rolls that's 50 percent of the income that goes away overnight," said NAI partner Dan Boyles Jr.

Flooding woes have Meyerland anxious about its curbside appeal

houstonchronicle.com — The Anders family - mom, dad, two kids, two dogs and a cat - moved into a midcentury-modern rancher in Meyerland last spring, just five weeks before the Memorial Day weekend floods inundated it with 2 feet of water. The seller's disclosure said the 1959-vintage home had never flooded before, Anders said, "so we felt comfortable."

HOK settles into collaborative office space

chron.com — For years, the offices of architecture firm HOK were on two sprawling floors of the Williams Tower in the Galleria area. The floor plates were so large that there there were few impromptu employee interactions and collaborative moments office designers say are necessary for a productive work environment.

Home sales not quite as brisk at the very top

houstonchronicle.com — Houston's most affluent neighborhoods don't betray many signs of an economy under stress. Even with oil prices less than half of what they were two years ago, homes are selling, and new ones are under construction.

Layoffs and uncertainty taint real estate market

houstonchronicle.com — After several years of unbridled job and population growth that led to a very unHouston-like run-up in home prices, the housing market has hit its first big stumbling block since the last recession. With the upstream oil industry experiencing its worst downturn in decades, Houston's once-enviable employment machine has stopped producing jobs - key to a healthy real estate market.
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Apr 29, 2016

Sad to see this renovated Meyerland house on the market priced at almost half of what it was before the flood. har.com/5026-heathergl…

Apr 29, 2016

Typically upbeat on earnings calls, Houston apartment developer Camden took a more subdued tone today houstonchronicle.com/business/real-… @HoustonChron

Apr 29, 2016

Cousins Properties buying Parkway in $2B deal, exiting Houston office market bizjournals.com/houston/news/2… via @HOUBizJournal

Apr 29, 2016

RT @russellmanthy: RT @IAarchitects: LinkedIn just revealed its new #SanFrancisco office, and it’s pretty amazing, says @Forbes. https://t.onforb.es/26vrYpBo/q5OKZdBLXR

Apr 29, 2016

"45 to 50 yr-olds are in a house in west Houston. W/their severance...these people are staying in their homes looking for new jobs." -Campo"45 to 50 yr-olds are in a house in west Houston. W/their severance...these people are staying in their homes looking for new jobs." -Campo

Apr 29, 2016

Layoffs happen to "older people first bc they're the highest paid...Millennials living in Camden in Houston are a little insulated." -CampoLayoffs happen to "older people first bc they're the highest paid...Millennials living in Camden in Houston are a little insulated." -Campo

Apr 29, 2016

"Until you see a stop in the fall in the rig count, all the rest of it is sort of background noise." -Oden #oilprice $CPT #Houston #energy

Apr 29, 2016

"We’re at a 30-year low on rig count and it has not stopped falling. These are dramatic changes." -Oden $CPT #Houston #energy #earningscall

Apr 29, 2016

"I don’t think were out of the layoff cycle. It might be less this year...but it will continue." -Campo $CPT #Houston #energy

Apr 29, 2016

In Houston, "we're heading toward a negative same store revenue for sure." -Oden $CPT #earningscall #multifamily #Houston


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