News Archive
Houston’s industrial market continues to surge as online shopping drives need for warehouse space
April 13, 2021 - Houston’s booming industrial market appears poised to maintain its momentum this year as leasing volume continues to rise.Recent reports by Dallas-based CBRE (NYSE: CBRE) and Chicago-based JLL (NYSE: JLL) found that the number of leases during the first quarter of 2021 continued to outstrip other recent quarters.JLL...
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Houston Methodist Baytown Hospital holds groundbreaking for new patient tower
March 29, 2021 - Following several months of site preparation, Houston Methodist Baytown Hospital held a groundbreaking ceremony on Friday for its new five-story patient tower.The groundbreaking ceremony was attended by hospital board of trustees members, community leaders and hospital leadership. The facility is scheduled to open in spring 2023 and will expand...
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DUNA-USA Begins New Phase of Expanding Baytown, TX Headquarters
March 22, 2021 - DUNA-USA has begun a new stage of its multi-year expansion plan, designed to optimize efficiency and further reduce lead times. This is the third chapter in three years for DUNA’s Baytown, TX facility, and is part of the company’s long term strategic growth initiative.Planned...
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Floor and Decor to build 1.5M-SF distribution center near Baytown
February 16, 2021 - Atlanta-based Floor and Décor Outlets of America has acquired nearly 100 acres near Baytown with plans to build a 1.5 million-square-foot distribution center, which will service the south-central United States.The property is located within the massive TGS Cedar Port Industrial Park, on the corner of Cedar Port Parkway and...
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For The First Time, Speculative Cold Storage Is Underway In Houston
February 10, 2021 - The U.S. cold storage sector was already on the rise in the lead-up to the coronavirus pandemic. The U.S. had about 214M SF of industrial cold storage space in 2019, and the market was expected to grow in value by 4% annually between 2018 and 2022, a 2019 CBRE report...
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Ship channel receives ‘new start’ designation
January 25, 2021 - The project to deepen and widen the Houston Ship Channel, an effort that has been in the works for more than seven years, got a major boost in the final hours of the Trump administration as the project was granted “new start” status, allowing work to begin on...
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Demand For Industrial Space Near Port Houston Is Growing, Driven By Consumer Goods
January 18, 2021 - Cargo volumes flowing through Port Houston are on the rise, shaking off the early pandemic slowdown in global trade. That's having a positive domino effect on the surrounding industrial real estate market, as third-party logistics firms look to move increasing volumes of consumer goods.Despite the...
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County Transit Milestone
December 31, 2020 - Baytown does its part as service reaches 1 million servedThe Harris County Transit’s Fixed Route bus service reached a milestone this month with 1 million-passenger boardings, and Baytown riders made up a large portion of that number, officials say. David Jones, Harris County Transit Services deputy assistant director, said...
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Houston Ship Channel Expansion Authorized by Congress
December 21, 2020 - Read Here
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Industrial Deals Near Port Houston Showcase Bright Spot in Pandemic Uncertainty
December 2, 2020 - Four notable deals that recently closed in Houston’s southeast market show that logistics and distribution tenants are continuing to fuel growth in the area by the port despite the uncertainty of the pandemic.Principal Real Estate Investors has found a tenant for a 784,000-square-foot industrial building at ...
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