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Houston's apartment surplus will come in handy after Harvey
Business
Published in 30-8-2017
    921 Visits

Houston has one of the highest apartment vacancy rates in the nation, and that's a good thing in the wake of Hurricane Harvey.

Reference: www.chron.com
Harvey insurance claims update for Wednesday
Business
Published in 30-8-2017
    783 Visits

Insurance claims continued piling up Wednesday.

The Texas Windstorm Insurance Association, the insurer of last resort for wind and hail coverage along the coast, reported 15,649 claims as of Wednesday morning.

State Farm had about 12,800 auto claims and 14,600 home claims as of Tuesday evening.

Farmers Insurance reported more than 8,400 claims statewide as of 2 p.m. Tuesday. O ...>>

Reference: www.chron.com
Harvey likely ruined 500,000 vehicles in Texas
Business
Published in 30-8-2017
    675 Visits

Flooding from Tropical Storm and Hurricane Harvey has likely damaged a half million cars in Texas, leaving residents stranded without vehicles, according to data compiled by Solera Holdings, a tech company that helps insurance companies process car insurance claims.

Reference: www.chron.com
Houston airports reopening Wednesday afternoon, will phase in flights
Business
Published in 30-8-2017
    628 Visits

Bush Intercontinental and Hobby airports are reopening Wednesday at 4 p.m. They will begin phasing in a limited number of domestic flights.

"It's going to take us some time to phase in air operations to the point where we are back to normal," said Houston Airport System spokesman Bill Begley. "But we're moving toward that as quickly and as safely as possible."

Reference: www.chron.com
Southwest bringing Shark Week-themed plane to Houston
Business
Published in 21-7-2017
    1002 Visits

Southwest Airlines is taking a bite out of Houston's skies. Its Shark Week themed 737-700 plane will be in Houston Friday. Plane spotters will have three opportunities to see it arriving and departing at Hobby Airport. Discovery Channel's Shark Week starts Sunday and continues through July 30.

Reference: www.chron.com
Houston apartment demand picking up
Business
Published in 21-7-2017
    520 Visits

Demand for apartments in the Houston area outstripped the supply of new units delivered in the first half of 2017, signaling improvements in the region's multifamily sector. Renters newly occupied 11,636 area apartment units in the first half of 2017, compared with 9,620 units completed during the period, according to a midyear report by commercial real estate firm Berkadia. Berkadia compi ...>>

Reference: www.chron.com
HH&S Hospitality purchases 80-room hotel near 610 South
Business
Published in 21-7-2017
    315 Visits
Houston-based HH&S Hospitality has purchased the 80-room Candlewood Suites Houston Medical Center at 10025 South Main from Pika Hotel Group. Nabil Murad of NM Management represented the seller, Pinecrest Financial Corp. Richard Stromatt of GDC Realty represented the buyer. Dream Medical Management Corp. has purchased a 14,573-square-foot medical office at 3074 College Park Drive, The Woodlands. ...>>
Reference: www.chron.com
Retail Wrap: Doris Metropolitan to offer passers-by a look at curing meat
Business
Published in 21-7-2017
    140 Visits

Plans call for a wine wall that wraps around the dining room, expanding the private room, and a glass-encased meat-curing room that will be visible from Shepherd. Bridgeland announced F45 Training and Athletistry Performing Arts Center as new tenants in Lakeland Village Center near Fry Road and Cypress North Houston in Cypress. Braun Enterprises is redeveloping the historic property in a proj ...>>

Reference: www.chron.com
Academy Sports + Outdoors lays off 100 employees
Business
Published in 21-7-2017
    113 Visits

Academy Sports + Outdoors laid off 100 employees at its Katy headquarters, citing the need for greater efficiency and store investments in a changing retail landscape. 

Reference: www.chron.com
Newest Galleria wing opens for shopping
Business
Published in 14-7-2017
    999 Visits

Houston's fashion set gathered Thursday at the Galleria to toast the retail opening of the mall's newest luxury extension. The development involved transforming the former Saks building into a new space for retailers with new flooring, high ceilings and skylights. Fig & Olive, a New York-based restaurant serving Mediterranean cuisine, will open its first Texas location in a stre ...>>

Reference: www.chron.com
O&G company leases space in Memorial City
Business
Published in 14-7-2017
    1022 Visits
Pro Oil & Gas Services has leased 7,418 square feet at Three Memorial City Plaza, 840 Gessner, in the Memorial City mixed-use development. Dupuis & Polozola, a law firm practicing in the real estate, business and oil and gas areas, has leased 4,866 square feet at 8301 New Trails in The Woodlands. The company recruits talent for organizations involved in the energy, agriculture and metal supply c ...>>
Reference: www.chron.com
Retail Wrap: Gymboree closing 3 local stores
Business
Published in 14-7-2017
    462 Visits
The studio will offers workshops and private parties for creating wood signs and other decor projects. Car Talk has leased a free-standing building at 5211 Spruce in Bellaire for an automotive repair shop. The newest stores, ranging from 2,500 to 3,200 square feet each, are in Marketplace in Clear Lake, The Market at Cross Creek Ranch in Fulshear, Indian Springs Shopping Center in The Woodlands, ...>>
Reference: www.chron.com
Houston retail development still active, but slowing down
Business
Published in 14-7-2017
    812 Visits
Developers are on track to add 2.7 million square feet of retail space in new and expanded projects in the Houston area this year, down from last year's 3.4 million square feet in 2016 and well below pre-recession peaks, according to a midyear report by commercial real estate firm Weitzman. Much of the new space is already spoken for as grocers and discount retailers continue to expand in hi ...>>
Reference: www.chron.com
Tenaris hires Avison Young to lease West Loop office building
Business
Published in 7-7-2017
    962 Visits

Tenaris has hired Avison Young to lease excess office space at its North American headquarters building at 2200 West Loop South.

Reference: www.chron.com
Norwegian Air Shuttle announces first flight to Texas
Business
Published in 7-7-2017
    906 Visits

Norwegian Air Shuttle recently announced its first flight to Texas, opting for nonstop flights to Austin instead of connecting flights through Houston's hub system.

It will offer year-round, three-weekly flights from London's Gatwick Airport to Austin-Bergstrom International Airport. The service begins in March 2018 and will use the Boeing 787 Dreamliner.

Reference: www.chron.com


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