THE WOODLANDS, TX-Citing growth and momentum in this far north Houston submarket, Marcus & Millichap Real Estate Investment Services has opened a new office here. The office will be headed by firm’s vice president David Luther, who also currently oversees the firm’s Houston and Lafayette, LA offices as regional manager.
Marcus & Millichap is hanging its shingle at 21 Waterway, which is considered The Woodlands’ CBD. “As we continue to grow our market share in the southwest, adding a new office in The Woodlands to serve the needs of investors in the greater Houston metropolitan area makes strategic sense,” Luther says. Marcus & Millichap already has offices in Austin, Dallas, Fort Worth and San Antonio.
“Investment properties in Texas boast some of the best fundamentals in the entire country,” says Gene A. Berman, executive vice president of Marcus & Millichap, and group managing director of the company’s offices in the southwest. “As the economy continues to improve, both domestic and foreign investors are rebuilding their real estate portfolios, shedding non-performing assets, executing more 1031 exchanges and requiring more complex financing for their transactions.”
As such, he goes on to say, investors are requiring more financing, advisory and brokerage help, especially when it comes to doing business in Texas.
“. “This is an opportune time to push forward with our expansion plans and capitalize on the investment opportunities in Texas,” Berman adds.