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HOUSTON—First-time partners Canyon-Johnson Urban Funds, based in Los Angeles, and local Midway Cos. joined forces to acquire Houston Pavilions, a 500,000-squarefoot-plus asset in the CBD. The JV bought the project from Transwestern, which took receivership of the property in 2011.
CHICAGO—The US Energy Information Administration recently released its Annual Energy Outlook 2012 report. There, on page 81, was the comment that the industrial property sector consumes a third of the nation's total delivered energy these days, and is anticipated to report the second-largest increase in total primary energy use between 2010 and 2035.
Mention the words "infrastructure in Texas" and what might come to mind are highways and roadways. There is good reason for this; a quick study of a Lone Star State roadway map shows that much of the state centers around Interstate and federal highways between the major cities as well as loops around these cities to avoid congestion.
HOUSTON—According to Marcus & Millichap Real Estate Investment Services' Hospitality Research Quarterly Update, the hotel sector continued benefiting from extraordinarily constrained supply and rising demand during Q2 2012. Interestingly enough, though occupancy was reported at 61% (versus 60% during the same period of 2011) and the ADR's annual change was 4.3% above where it was a year ago, demand growth was at 2% (versus 5% year-over-year) and revenue growth stood at 6.4%, down from 8.9% from the year before.
IRVING, TX—In conjunction with the recent RealShare Student Housing conference at the Four Seasons Spa and Resort here, industry experts stressed one point: Student housing continues to be a great sector in which to build, invest and own, as long as you know what you're doing.
Once upon a time, the demarcation line between Dallas' Uptown submarket and CBD was between Olive and Harwood streets, directly north of the Woodall Rodgers Freeway. The freeway, which is built on a diagonal from the northeast to the southeast, links US-75 on the east to Interstate 35 E on the west.
The Lone Star State has weathered the Great Recession and financial meltdown better than most others, and its job growth prospects are bright. As a result, Texas is at the top of many developers' and investors' wish lists. But then there are the state's commercial real estate stalwarts; the men and women who have been through the booms and busts of the Texas economy for the past several decades. These household names have all helped to shape the local commercial real estate market into what it is today.
Though there have been signs that the economy is slowly stumbling toward recovery, single-family housing demand and construction starts continue to struggle. Tight lending standards, combined with consumer skepticism toward the "American Dream" of homeownership, results in the obvious: Though development is increasing somewhat, we won't soon see a plethora of for-sale homes sprouting out of vacant lots as we did during the mid-2000s.
AUSTIN, TX—Mention the word "Texas" and what might come to mind are cowboys, wideopen spaces, dry heat...and oil derricks. Texas is known for bringing oil up from the ground—but experts point out that Texas also has a focus on sustainability initiatives and, to an extent, alternative fuels.
Though real estate activity and fundamentals differed in 2011 between the Dallas/Fort Worth and Houston regions, one theme was pretty consistent: Texas, for the most part, has been insulated from the economic woes experienced in other parts of the country. On the other side of the coin is the Phoenix metro region, commonly considered one of the ground zeros of the financial crisis. Though Phoenix hit the bottom and has been bouncing along it in recent years, real estate experts in the desert region say they're feeling pretty optimistic about 2012.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
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Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource