Southwest

National | News

Coworking Slowly Gains Foothold

Lisa Brown | August 16, 2018

While serviced offices have been around for decades, the term coworking has become a buzzword during the last 10 years with very little metro level data available yet to track historically, says NAI Partners.

National |

Report: Amazon Vying For Landmark Theaters

Erika Morphy | August 16, 2018

This would be a significant step for the company, akin to its entry into the grocery space with its purchase of Whole Foods last year.

Houston | News

Hotel Demand Remains Strong for North Harris Co.

Lisa Brown | August 15, 2018

With the HP campus and ABS headquarters nearing completion in October, Springwoods Village is becoming a major employment center in north Harris County, stimulating new hotel submarket activity.

National |

Industrial Drives PGIM Real Estate Finance Lending

Erika Morphy | August 15, 2018

Core-plus financing and multifamily lending will also be areas of focus for the division.

Los Angeles |

Cannabis REIT Launches With Eye On Capital Markets

Erika Morphy | August 15, 2018

Inception REIT will provide real estate debt and equity to medicinal and adult-use cannabis businesses.

Chicago | News

First Industrial Realty Begins First Park 121 Project in Northwest Dallas

John Jordan | August 15, 2018

First Industrial will break ground this month on phase one of the park involving two rear-load facilities of 219,808 and 125,267 square feet, respectively.

Dallas/Fort Worth | News

Victory Park Redevelopment is in Full Swing

Lisa Brown | August 14, 2018

Victory is undergoing a full remerchandising, adding 85,000 square feet of new retail space, and making key enhancements to evolve into a more walkable urban neighborhood, along with a re-tenanting effort.

International |

Another Sign of Diminishing Fund Appetite

Erika Morphy | August 14, 2018

Preqin reported that 47 funds raised a combined $22 billion, the lowest quarterly total since 2013.

National | Event Coverage News

Park is the Top Icing Layer of Transit Center

Lisa Brown | August 14, 2018

The park will be a significant teaching tool with extensive labeling of the more than 600 trees and plants within 12 smaller gardens keyed to a variety of plant life and environmental conditions.

National | News

Austin Has More Tech Jobs Than Tech Grads

Lisa Brown | August 13, 2018

Austin moved up two spots to number six on CBRE’s Tech Talent Scorecard, part of its Tech Talent Report, which ranks 50 US and Canadian markets according to the ability to attract and grow tech talent.

National |

As Triple Net Deals Get Harder, Lenders Make Them Work Anyway

David Wilkening | August 13, 2018

Rising interest rates, increasing land costs and higher construction costs are having an impact but lenders like Joe Taggart and Vince Chillura are still pushing them across the finish line.

National |

Co-Working Heads To The Local Mall

Erika Morphy | August 13, 2018

Co-working space in retail properties will grow at a rate of 25% annually through 2023 reaching approximately 3.4 million square feet.

National |

Duration Counts When Bidding For Single Family Rental Deals

Erika Morphy | August 13, 2018

Freddie Mac is very competitive with its ten-year offering in the affordable single-family rental home space.

National |

All of the Easy Industrial Sites Are Gone

Kelsi Maree Borland | August 13, 2018

With limited developable land and a critical need for more industrial space, industrial developers are getting used to building on difficult sites.

Houston |

Repairs Get Second Chance for Harvey Grants

Lisa Brown | August 12, 2018

Relief demands are worse a year later, due to the end of emergency assistance resources such as the hotel voucher program and emergency trailers, and while grants have resumed, more funds are needed.

Dallas/Fort Worth | Middle-Market Digest

Middle Market Digest: This Week in the South and Mountain Regions

Lisa Brown | August 10, 2018

Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

National |

Land & Buildings Wants Brookdale To Monetize $8B in Real Estate

Erika Morphy | August 10, 2018

It also would like the company to pursue REIT status.

Dallas/Fort Worth | News

Late-in-the-Game LEED is No Issue in Rehab

Lisa Brown | August 09, 2018

The former Corrigan Tower was transformed from a midcentury office building to a 150-unit class-A multifamily building with ground-floor retail and a rooftop pool, now called 1900 Pacific Residences.

National |

Gramercy Property Shareholders Approve $7.6B Blackstone Deal

Erika Morphy | August 09, 2018

NEW YORK CITY--Gramercy Property Trust shareholders have approved its $7.6 billion acquisition by Blackstone Real Estate Partners VIII at its special meeting of shareholders held earlier today.

National |

Affordable Rental Home Portfolio Trades For $485M

Erika Morphy | August 09, 2018

Freddie Mac financed the deal with a $508.7 million loan under its affordable SFR pilot program.

National |

Deutsche Finance Arrives In US With Yearly $100M To Invest

Erika Morphy | August 09, 2018

For its first deal in the US, the company partnered with other equity providers to buy 100,000 square feet of office space in Manhattan’s Gucci building.

National | News

Adaptive Reuse Becomes Key Product Category

Lisa Brown | August 08, 2018

In this EXCLUSIVE, CCIM’s Conway discusses assessing communities’ needs for reuse especially in areas with land scarcity in conjunction with his report, “Adaptive Reuse: Turning Blight into Bright”.

National |

Macerich Adds Flexible Workplace To Malls

Erika Morphy | August 08, 2018

The REIT is partnering with Industrious in a multi-property rollout.

National |

Starwood Property Moves Into Energy Finance With $2.6B Debt Deal

Erika Morphy | August 08, 2018

Its acquisition of GE Capital's Energy Financial Services' Project Finance Debt Business is part of the REIT’s push to be a “multi-cylinder finance company.”

Los Angeles |

Increase Your Multifamily Allocations Now

Kelsi Maree Borland | August 08, 2018

As we move later in the cycle, American Realty Advisors recommends that investors increase allocations in core multifamily housing.

National |

Why Workplace Wellness Is Sweeping the Office Market

Kelsi Maree Borland | August 08, 2018

Workplace wellness is becoming a top consideration for office users, and lack of attention to the trend could impact leasing activity.

National |

Freddie Mac Offers Cheap Mezz Loan In Exchange For Rent Caps

Erika Morphy | August 08, 2018

“This program allows the property owner to achieve the same returns via the workforce housing mezz loan as they would through a standard rent increase.”

Dallas/Fort Worth | News

Downtown Fort Worth Office Courts Suitors

Lisa Brown | August 07, 2018

The downtown Fort Worth market is strong and now that the Petroleum Building is part of Sundance Square’s portfolio, the demand for this property will also be high, given that no new construction began in Q2.

National |

What It Really Means When The Fed Says CRE Lending Standards Haven’t Changed

Erika Morphy | August 07, 2018

Since 2012, banks’ commercial and mortgage holdings have grown by 37.3% to $1.8 trillion, according to Yardi Matrix.

National | News

Renters Are On the Rise in Texas

Lisa Brown | August 06, 2018

Among the nation’s largest metros, Houston ranks first nationally when it comes to the net change in renters with children–an increase of 107,000 households between 2006 and 2016, a surge of 41%.

National |

Albertsons, Greycroft Launch Grocery Store Innovation Fund

Erika Morphy | August 06, 2018

The fund will invest $50 million in emerging companies and technologies in the grocery sector.

National |

Where The Liquidity Is Coming From

Erika Morphy | August 06, 2018

Mortgage REITs are originating more loans this year while banks have stepped up their pace considerably.

Real Estate Southwest: Goodbye, Wildcatter Days

Lisa Brown | August 05, 2018

There is nary a sector that isn’t bursting at the seams in most of the regions of the Southwest.

National | News

Retailers Pull Out all the Stops for Foot Traffic

Lisa Brown | August 05, 2018

Successful retailer operators are focusing on experiences, both in-store and within the overall retail center, such as The Hill, which has enlisted five local artists to bring unique art to the shopping district.

Houston | News

Investors Gain Confidence in NW Houston Industrial

Lisa Brown | August 05, 2018

Investors find strength in the northwest Houston submarket as it continues to become more in-fill and with very limited flex product built this cycle, buyers have the ability to underwrite future rent growth.

Austin | Middle-Market Digest

Middle Market Digest: This Week in the South and Mountain Regions

Lisa Brown | August 03, 2018

Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

Dallas/Fort Worth |

RealPage To Acquire LeaseLabs For $103M

Erika Morphy | August 03, 2018

The acquisition will add new features to RealPage’s marketing platform including analytics and geo-targeting.

National | News

Private Investors Fuel Bidding for Hotels

Lisa Brown | August 03, 2018

With many markets and submarkets now entering a seventh, eighth or ninth year of RevPAR gains, the overriding question is how much farther can a particular market continue to advance without flattening?

Dallas/Fort Worth | News

Improved Demographics Equate to Large Renos

Lisa Brown | August 02, 2018

The Vickery Meadow submarket has had many old multifamily assets razed for the construction of new buildings and one recent example was the purchase of North Park Terrace which will be a new school.

National |

Inside Brookfield’s Billion-Dollar Capital Recycling Play

Erika Morphy | August 02, 2018

The company has sold a 28% stake in its Manhattan office and multifamily portfolio and entered into a contract to sell 112 self storage assets for more than $1.3 billion.

Dallas/Fort Worth | News

Single $103 Million AAA-Rated Note Goes to C-PACE

Lisa Brown | August 02, 2018

This is the industry’s first and largest securitization backed exclusively by commercial property-assessed clean energy/C-PACE and was issued for 82 US properties (pursuant to rule 144A of the Securities Act of 1933).

Dallas/Fort Worth | News

What Gives Retailers a Competitive Edge?

Lisa Brown | August 01, 2018

Many retailers have been successful by being nimble, forward-looking and willing to embrace changing consumer preferences, Todd Rollins with TH Real Estate tells GlobeSt.com.

Houston | News

Appraisal Reduction Amounts Accelerate in IH 2018

Lisa Brown | August 01, 2018

As the commercial real estate credit cycle gets further along, rents and prices have shown signs of slowing and in some markets, even declines and some properties are getting caught in the undertow.

International |

Avison Young Acquires UK Firm Wilkinson Williams

Adele Carter | August 01, 2018

"The acquisition of Wilkinson Williams represents another significant milestone in the growth of Avison Young."

National |

Family Office, RMR Launch $500M Office Fund

Erika Morphy | August 01, 2018

It will acquire middle market, multi-tenant office buildings located in urban infill and suburban locations in non-gateway US markets.

Houston | News

Houston Attracts More Convention Business

Lisa Brown | July 31, 2018

In this EXCLUSIVE, Robert Wiemer Jr., senior managing director of The Plasencia Group, shares insights into hotel developments, visitor volume, hottest areas and a lesser focus on the oil industry.

Dallas/Fort Worth | News

DFW Bucks Trend of Amazon Monopoly

Lisa Brown | July 31, 2018

Internet penetration varies considerably across geographies such as in DFW, which remains a hotbed of retail activity with a number of new construction projects planned for this year and 2019.

National |

Brookfield to Acquire Forest City in $11.4B Transaction

Betsy Kim | July 31, 2018

Brookfield will acquire all shares of common stock of Forest City for $25.35 per share.

Miami | News Thought Leadership

Medical Office Building Sale Provides ‘Rare Value-Add’

John Jordan | July 31, 2018

The 57,815-square-foot facility on the campus of Memorial Regional Hospital was purchased for $11.5 million by an unnamed private real estate investment firm.

National |

Private Equity CRE Activity Falls In Q2

Erika Morphy | July 31, 2018

The slowdown is likely due to higher asset pricing, with fund managers moving to the lower end of the market for deal flow.