Houston among top 10 most expensive cities in the world for construction

Houston is one of the most expensive cities in the world to build commercial and residential projects, according to a new report.

Turner & Townsend, a global professionals services firm based in the U.K., recently released its 2017 international construction market survey. The annual study examines construction costs for commercial and residential projects in 43 cities around the world.

Click to read more at Houston Business Journal.

Raising the roof: E-commerce facilities getting bigger in Dallas

As Dallas-Fort Worth becomes a major U.S. hub for e-commerce distributors and logistics warehouses, North Texas developers are building even bigger — and taller — facilities to better accommodate the movement of goods.

That’s because its relatively cheap for developers to build higher rather than acquire more land for a sprawling facility, said Steve Berger, a senior vice president in CBRE’s Dallas office.

Click to read more at Dallas Business Journal.

Galveston wraps up $20 million beach expansion

Galveston recently finished a project to shore up some of its beaches.

The city completed a $19.5 million effort to replenish and expand its seawall beaches from 12th to 61st streets, according to Houston Public Media. The project also added new facilities such as toilets and showers.

Click to read more at Houston Business Journal.

There’s a population in Houston worth $44 billion, and retailers are noticing

Real estate retail activity among businesses that target Houston’s growing Hispanic population is drumming up, said Rafael Melara, senior vice president of brokerage services at Houston-based Hunington Properties.

“I am seeing much more activity,” Melara said, when asked about real estate activity among Hispanic-facing businesses in 2017 compared to years prior. “People are trying to lease now because you don’t see as much vacancy. That’s really driven demand.”

Click to read more at Houston Business Journal.

Retailer to open big distribution hub, bring hundreds of jobs to Fort Worth

A national wholesaler of apparel and accessories plans to open a new distribution hub within a speculative industrial warehouse being built by Dallas-based Hunt Southwest.

Illinois-based S&S Activewear LLC has signed a lease for 493,000 square feet at 35/820 @ Mercantile Center, which totals 657,000 square feet of warehouse and distribution space.

Click to read more at Dallas Business Journal.

Houston companies plan new industrial developments in Pasadena and Missouri City

New industrial developments continue to rise around the Houston area, with two new projects announced so far this week.

One Houston-based developer has announced a new industrial park in southeast Houston, while another plans to build warehouses in southwest Houston.

Click to read more at Houston Business Journal.