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High-quality infill remains in high demand by investors, causing average rent to blow by the $6 per-square-foot threshold, says Transwestern's third-quarter industrial outlook showing rent growth across nearly every market tracked.
Constructed in 2007, the facility features interior climate-controlled units, drive thru/drive-up units and four RV parking spaces. The facility was approximately 91% leased at the time of acquisition.
Scheduled to break ground in the fourth quarter of 2019, the HPE development will consist of two buildings including some 568,000 square feet of rentable space at CityPlace at Springwoods Village.
In this <b>EXCLUSIVE</b>, Yung says it's important to realize that not all real estate investments are created equally, meaning diversification by property types can provide a security layer with regard to fluctuations.
Submarkets such as the Galleria remain attractive to investors and lenders due to the desire to place capital in Houston and the quality asset of the Hyatt Galleria drew heavy lender interest for the refinance.
Most in industrial development expect continued growth in e-commerce, but the market for Sheldon Distribution Center is likely to be very traditional users of distribution space such as building suppliers.
The Galveston-Clear Lake corridor is booming and resort amenities such as a public access lagoon, along with housing and retail, will attract residents and visitors to this area north of Galveston.
With advance planning and by initiating a readiness action plan, some investors many find it easier to stay afloat and survive the real estate market hurricane, i.e. mitigate losses due to natural disasters.
Crow Holdings Industrial purchased 45 acres within Greens Crossing Business Park for the development of the 530,000-square-foot industrial project, Layne Crossing, which will support a number of industries.