Why this Frisco business park has become the city’s hottest real estate play

Frisco’s $300 million business park — called Frisco Park 25 — is seeing a lot of would-be tenant interest, after landing its second corporate headquarters.

And the 216-acre park will likely sell out quickly based on the pent-up demand in the Frisco market, Bob Hagewood, senior vice president of Dallas-based Stream Realty Partners, told the Dallas Business Journal.

Click to read more at Dallas Business Journal.


Why investors are scooping up Class B office buildings

As more and more tenants embark on a citywide flight to quality, investors are scooping up older Houston-area office buildings and renovating them back to relevancy, per a Marcus & Millichap report on the Bayou City’s office market.

Local and regional buyers are interested in properties valued at under $10 million, per the report, and are staying cognizant of the amount of energy-related tenants in a property they’re considering buying.

Click to read more at Houston Business Journal.


Houston riskiest market nationally for multifamily investors

Houston is considered the riskiest multifamily market nationally for apartment investors, according to a new report.

MPF Research calculated the risk level and probability of a rent recession in apartment markets across the country. The multifamily arm of Carrollton, Texas-based Realpage (Nasdaq: RP) looked at a variety of factors, including rent, absorption, occupancy rates, inventory and local economic trends, over a period of nearly 20 years.

Click to read more at Houston Business Journal.


New retail building, new tenants slated at intersection near Highland Village

New development and a flurry of new retail activity is expected around Weslayan and West Alabama Streets.

A new building is slated for that corner, joining existing retail and restaurant space that will be revamped and ground-floor space in a new apartment tower.

Click to read more at Houston Business Journal.


Behind the deal: Why two Houston multifamily firms formed a joint venture

Two Houston multifamily firms are joining forces to sharpen each company’s focus on investment and management services.

Crossbeam Capital and Portico Property Management recently announced a joint venture, which will affect more than 6,200 apartment units in six states, the majority of them in Houston.

Click to read more at Houston Business Journal.


Is Houston’s office market really in recovery?

Since the presidential election, one local real estate economist said he sees national enthusiasm everywhere. The promise of new jobs and less regulation has both individuals and corporations optimistic for 2017, even in Houston, according to Mark G. Dotzour, a real estate economist who presents his findings across the country.

Click to read more at Houston Business Journal.