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Mega-office builds are giving way to mega-leases in preleased agreements with tech giants, by and large, resulting in nearly complete absorption in the city as new development is often decades away.
Construction is underway on a 47-story 1-million-square-foot office tower on the 800 block of Texas Avenue, the former site of the Houston Chronicle, and the building will open in late 2021.
Our team just returned from ICSC in Las Vegas and by initial numbers, we are being told it was the busiest Las Vegas convention since 2001, which means we are back to pre-recession activity levels.
Theresa Morzello, CBRE's managing director for asset services in New York City, was the first woman to win the Commercial Management Executive of the Year Award.