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Representing the local leadership in Greater Houston, our panel will discuss their take on the current state of the market across all property types, challenges and opportunities presented by the current environment, and leave you with a lasting forecast for 2015 and beyond.
In recent years, Houston has enjoyed abundance in development and deliveries across all property types. Despite current oil price volatility, the retail sector recognizes opportunity as cheaper oil feeds cash back into the consumer's pocket. That being said, the plunge in oil prices are drying up capital, pausing most speculative development. Numerous multifamily projects have been terminated for lack of funding. With measured uncertainty on the horizon, what can we expect from the pipeline in 2015?
WASHINGTON, DC—A NAIOP study, obtained EXCLUSIVELY by GlobeSt.com, examined this question and found no difference in performance between a work-live-play enclave in the suburbs and a CBD.
ALEXANDRIA, VA—The Commonwealth Transportation Board has approved a $50-million loan from the Virginia Transportation Infrastructure Bank for the City of Alexandria to construct a Metrorail station in the Potomac Yard area.
BEL AIR, MD—Community leaders and residents of Hartford County for the most part supported a proposed 6% hotel tax here at a County Council hearing on Tuesday.
ATLANTIC CITY, NJ—Atlantic City's fortunes over the past several decades has seemed like a “roller coaster,” but Mayor Donald Guardian is convinced that “the stars are aligning for Atlantic City.” The mayor spoke exclusively to GlobeSt.com at an Urban Land Institute breakfast. Watch a video of our conversations with Mayor Guardian, Collingswood, NJ, Mayor James Maley, and former Pittsburgh Mayor Thomas Murphy.