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The submarket is attractive because of its proximity to the CBD and the Galleria; overall, investors are looking for assets with the notion that the energy downturn is in the past and now is the time to re-enter the market.
The major unknown in the forecast for net absorption in office space for 2018 is what will happen with tax reform and other national policy initiatives, says the NAIOP Research Foundation.
Amy Klein Aznar, who heads debt investments and special situations for LaSalle Investment Management, says the new fund has already completed several transactions this year.
Former co-owner Kearny Real Estate has worked with the City to re-entitle and redevelop the 24-acre iconic property, which has serious potential for office tenants, Hoonie Kang tells GlobeSt.com.