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A developer would require an abatement to remain, expand, locate or redevelop in Houston, especially if the project is in a declining part of the city and results in strengthening of the local job and economy.
Submarket tightness has resulted in Asia Cabinetry Inc. not only staying put in a renewal but also expanding its headquarters location to 41,458 square feet at 7875 Northcourt Rd.
It gets all the credit, but industry leaders at RealShare Southern California said that a change in the supply chain that drove the industrial activity this cycle.
Soon, the Pier 70 28-acre waterfront neighborhood will have new housing, waterfront parks, space for artists and local manufacturing, and rehabilitated historic buildings.
According to Stan Johnson Co. associate director, Katie Elliott, mission critical industrial facilities are high on the investor radar, even outside of primary markets.