HRSS CPAs Signs 19,569 SF Office Lease in Houston’s Westchase District
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. Houston transaction velocity has been concentrated in industrial and Class A multifamily in the energy corridor and inner loop. Office remains a basis play. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 63rd Houston story tracked on the wire in October 2026. All Houston coverage →
- Disclosed office deal value tracked in October 2026: $23.7B across 72 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
HOUSTON — HRSS CPAs has signed a 19,569-square-foot office lease in Houston’s Westchase district. The accounting firm will relocate from the building at 6671 Southwest Freeway to a full floor within Millennium Tower,…
External link. Real Estate Trail does not republish source content.
Related coverage — Houston · Office
Dinerstein Sells 82,692 SF Office Building in Houston’s Greenway Plaza
HOUSTON — The Dinerstein Cos., a locally based owner-operator, has sold 3411 Richmond, an 82,692-square-foot office building in Houston’s Greenway Plaza district. The seven-story office building was constructed in 196…
Sorrento Offloads 324-Unit Houston Apartment Community
Sorrento Property Group sold Holly View Apartments, a 324-unit garden-style community in northwest Houston, for $31.5 million. Holly View offers one- and two-bedroom floor plans, a resort-style pool, landscaped ground…
Joint Venture Breaks Ground on Retail Component of 101-Acre Mixed-Use Project in Kyle, Texas
KYLE, TEXAS — A joint venture between Houston-based developer NewQuest and Transwestern Investments has broken ground on the retail component of Kyle Park, a 101-acre mixed-use project located at the northeast corner…
Raphael Toledano Closes $31.5 Million Sale of 324-Unit Houston Apartment Community
The sale of Holly View Apartments is one of three recent deals totaling more than $90 million, as the multifamily investor sharpens his portfolio around larger properties. HOUSTON, Oct. 28, 2026 /PRNewswire/ -- Raphae…
Brightshore Sells 484K-SF Houston Warehouse Facility
Brightshore Capital offloaded the Port 225 Commerce Center, a 484,056-square-foot Class A industrial development in the Houston metropolitan area. Cabot Properties was the buyer. Situated on 26.5 acres at 307 and 315…
Marcus & Millichap Brokers Sale of 1,042-Unit Self-Storage Portfolio in Greater Houston
HOUSTON — Marcus & Millichap has brokered the portfolio sale of five self-storage facilities totaling 1,042 units in the greater Houston area. Two facilities are located in the northwestern suburb of Waller, and the o…