U.S. MarketFlash | Thanks a million, mega industrial warehouses!

Construction of industrial facilities measuring 1 million sq. ft. or more is strongest in large industrial markets that benefit from the booming e-commerce trend. Since 2010, nearly 90 million sq. ft. of these mega facilities have been completed in the top 10 markets.

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South African investment firm makes first U.S. acquisition in Dallas-Fort Worth

South African-based real estate firm Blazing Meadows Investments LLC has made its foray into U.S. real estate investment by snapping up a Fort Worth shopping center.

Blazing Meadows acquired Clifford Crossing, a 4,300-square-foot retail strip center in West Fort Worth, from MG Retail Partners, which developed the property in a joint venture with Fort Worth-based Vaquero Ventures.

Click to read more at Dallas Business Journal. 


Houston’s office market to be hit with ‘double whammy’ this year

Even though the Houston economy has bottomed out, experts say, it will likely take another 12 to 18 months for the city’s office market to finally hit bottom, said David Wegman, director of research and marketing at Newmark GrubbKnight Frank, during the firm’s 2017 forecast breakfast.

Click to read more at Houston Business Journal. 


Houston commercial real estate brokerages buck hiring trends, continue growth

The energy downturn has not stopped the city’s largest 25 commercial real estate brokerages from hiring licensed professionals, according to HBJ research.

Of the 25 brokerages ranked on HBJ’s 2017 Largest Commercial Real Estate Brokerages List, 56 percent — or 14 firms — have added more brokers and agents since last year. Only six companies reported a loss in licensed professionals with an average loss of only about four brokers. The remaining brokerages reported consistent broker and agent counts with last year.

Click to read more at Houston Business Journal.