Houston

Understory's open-air community space paired with the merging of the street and tunnel levels for the first time ever will create a destination unlike any other in Houston, says Skanska's Matt Damborsky.

Like real estate investors, corporate occupiers also search for locations that have advanced innovation ecosystems in which to hire the best employees, according to JLL's latest report.

The mixed-use district will eventually span 24 acres along W. Dallas Street between historic College Memorial Park Cemetery and Waugh Drive, with phase two featuring a multifamily project and retail.

Development remained focused in the downtown/Montrose/River Oaks submarket as builders worked to meet demand in the dense urban core, while investment in the Fondren/Westbury submarket grows.

With 50 million square feet already developed, the TMC3 Campus will add 1.5 million square feet, including 125,000 square feet of commercial/retail space, and 125,000 square feet of shared research space.

Belvoir has a good sense for where leases are getting signed today, so it underwrote the purchase accordingly, and the increased leasing activity validated that its assumptions were in line with the market.

Two long-term leases have been inked recently by Honeywell and Bill.com at CityWestPlace, which has also been re-designated by BOMA as a top performer in national operations and management.

Skanska worked closely with the client, design team and its subcontractor RM Rogers to include the glue-laminated timber roof structure into a recent project while still staying within the overall budget.