JLL to handle leasing work for office portfolio of more than 1 million square feet in Houston

JLL has been selected by Tanglewood Property Group to handle leasing for its office portfolio in the Galleria-Uptown district in Houston.

Totaling 1,005,595 square feet across three buildings, the portfolio includes 5599 San Felipe, 5444 Westheimer and 2801 Post Oak. JLL Executive Vice Presidents Chrissy Wilson and Paul Frazier will market and lease all three buildings on behalf of Tanglewood.

Situated within the San Felipe micromarket and spanning 473,645 square feet, 5599 San Felipe is a 21-story Class-A office tower featuring panoramic downtown views and an abundant amenity package, including an onsite deli, and best-in-class fitness center. Nearby, 5444 Westheimer is a 392,226-square-foot, Class-A property standing 21 stories tall and located in the heart of Houston’s highly sought-after Uptown submarket. 2801 Post Oak – best known for being the site of Westlake Corporation’s headquarters – is a 129,032-square-foot, Class-B asset featuring a recently renovated exterior and upgraded landscaping. Additional upgrades to the building’s interiors are planned for 2026.

Westlake Corporation plans to relocate its headquarters to 5444 Westheimer in Q3 2026.

Located within minutes of each other, the three office buildings are situated within a highly walkable area near dining, retail, and entertainment options within The Galleria district. Nearby upscale and casual dining options include The Capital Grille, Truluck’s, P.F. Changs, and Moxies Houston, among others. Each building provides premier connectivity to the rest of the metro area with proximity to the 610 Loop, Highway 59, and I-10, as well as local transit services.

New survey: Employees still reluctant to give up remote work

Did the COVID pandemic change the world of office work forever? For many companies, it appears so.

Just look at the latest research from Yardi Kube. In a survey published this October, Yardi Kube asked employees who are currently searching for coworking spaces about their work habits. According to survey, 54% of those employees who are searching for coworking space work fully remote. Another 23% said that they work on a hybrid schedule, logging some days in the office each week and others remotely.

A total of 41% of employees surveyed by Yardi Kube said that they would not consider a job that didn’t offer them the chance to work fully remote. Another 30% said that they would only take such a job if it came with substantial financial or career incentives. A smaller percentage, 11%, said that they were actively seeking to return to full onsite work.

This survey isn’t indicative of the general workforce, of course. Yardi Kube’s survey only focused on workers who are now seeking coworking space. Such workers are more likely to already be working remotely.

The survey doesn’t focus on workers who have little choice but to work onsite, either. Teachers, medical professionals, laborers, service-industry employees and others don’t have the luxury of working remotely.

Still, the survey does show that the days of most office workers logging five days a week onsite every week might be over.

And what did the survey discover about hybrid work? Nearly 48% of respondents said they favored a balanced schedule of two to three days a week in the office, while 28% said that they would prefer working just one day in the office.

A total of 18% of respondents said that they would be comfortable working four to five days onsite, while 6% said that they preferred working no days in the office at all.

A total of 37% of respondents said that they would not consider leaving a hybrid work schedule, while 26% said that they might make the switch if the offer came with a significant raise or increase in benefits.

IPA closes sale of 158-unit multifamily property in Dallas

Institutional Property Advisors brokered the sale of Midway Row House, a 158-unit multifamily property in Dallas, Texas. 

Taylor Hill and IPA’s Drew Kile, Joey Tumminello, Michael Ware, and Jack Windham represented the seller and procured the buyer. 

The property is near the intersection of the Dallas North Tollway and Interstate 635, 10 miles from Downtown Dallas, Plano, and Frisco. Employment centers, including the Platinum Corridor, Galleria Dallas, Las Colinas, and Cypress Waters surround the property. The nearby town of Addison places residents within proximity of over 200 restaurants, and entertainment venues such as Vitruvian Park and Village on the Parkway. 

Built in 2023, Midway Row House has 107 townhomes, 51 flats, and an Infinity Edge swimming pool that overlooks two-acre Blue Lake. Community amenities include a fitness center, two dog parks, a lakeside jogging path, workspaces, and three private offices. Apartments have nine-foot ceilings, eight-foot entry and patio doors, and full-size washers and dryers. The average unit size is 979 square feet. 

“IPA in Texas provides investors with a large inventory of high-quality multifamily investment opportunities in every market, offering local market research and sales expertise in Dallas-Fort Worth, Houston, Austin and San Antonio,” said Will Balthrope, IPA executive managing director. 

Starwood debuts 1,400-acre mixed-use community in Austin market

Starwood Land announced the debut of Revelry, a new 1,400-acre mixed-use master-planned community on the edge of Austin in Travis County, designed to stay true to the city’s spirit of creativity, connection, and celebration.

Ideally located just minutes from the Austin-Bergstrom International Airport, Circuit of the Americas, and the Tesla Gigafactory, Revelry will feature 2,300 single-family homes with 216 acres of mixed-use residential and commercial spaces—all supported by vibrant parks, scenic trails, community art, and imaginative amenities inspired by Central Texas’ natural beauty.

The name “Revelry” captures the essence of the community—a place where families, friends, and neighbors gather to live joyfully, connect meaningfully, and celebrate life’s everyday moments.

The first phase of lots at Revelry is nearing completion, with DRB Homesand D.R. Horton Homes setto begin construction on model homes before year’s end, preparing for 2026 sales. Development has already begun on the next phase of homesites, which will be accessed from Wolfe Lane, just north of Pearce and feature future models by David Weekley Homes, Toll Brothers, Perry Homes, and others—anticipated to open in 2027.

The community’s 216 acres of mixed-use residential and commercial spaces are being marketed by Mike B. Kennedy and Sullivan Johnston of Avison Young. These spaces will bring highly desired services and offerings to the community and surrounding area, contributing to a thriving live-work-play environment.

Two school sites have also been reserved within the master plan for future Del Valle ISDcampuses—part of Starwood Land’s commitment to supporting the district’s growth and strengthening the broader community fabric.

A new retail treat this Halloween? How about a haunted car wash?

Halloween has become big business for retailers, with the National Retail Federation predicting that consumers will spend a record $13.1 billion this year on candy, costumes, decorations and visits to haunted houses.

Now even those retailers that traditionally didn’t nab much Halloween business are getting into the spirit, trying to scare up some of those trick-and-treat dollars for themselves.

An example? Car washes.

A growing number of car washes are transforming into Halloween haunts this year. A good example? Tommy’s Express.

The national car wash chain transformed several of its car washes into haunted attractions this year. The chain’s Tunnel of Terror car washes popped up in the Midwest with locations in Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio, Tennessee and Wisconsin. The chain also opened its Tunnel of Terror car washes throughout Texas.

These haunted car washes include towering skeletons, slashers from popular horror movies, demons, flashing neon lights and plenty of fog and screams.

CenterSquare acquires 244,946-square-foot service industrial portfolio in Houston

CenterSquare acquired a 244,946-square-foot service industrial portfolio in Houston.

Houston Woodlands is a four-building portfolio in the Woodlands and Spring submarkets of Houston. The portfolio is 88% occupied, consisting of 55 suites averaging 4,454 square feet per suite, with oversized grade-level doors and 17’-18’ clear heights.

In addition to the market’s record-low supply, CenterSquare has an existing 9-property service industrial portfolio, Gateway Industrial Commons, in the Houston MSA, which speaks to CenterSquare’s extensive knowledge and access to data specific to the Houston market.

In addition to acquiring the property below replacement cost, the business plan consists of a capital improvement plan including minor roof repairs, concrete repairs, and adding HVAC where needed. These improvements,combined with our institutional management, will allow CenterSquare to successfully execute its value-add strategy and drive meaningful growth in net operating income.

This transaction is the second Service Industrial investment in the latest fund in CenterSquare’s Value-Add Strategy, bringing our total service industrial portfolio to more than 1.6 million square feet.