The appearance of road construction equipment is not typically something we celebrate, but it is a sign of progress for the city of Seabrook, which has been watching and waiting for work to start on the expansion of State Highway 146. “This project has presented a challenge for new development for the greater part of two decades,” says Paul Chavez, director of the Seabrook Economic Development Corporation. “Now we can tell people, Yes, it’s finally happening.” Click to read more at www.rednews.com.
In today’s cluttered co-working landscape, it can be hard for companies to makes themselves heard over the din. Elevated co-working space NeueHouse wants to create an unparalleled experience for creatives through elevated programming and outstanding design. Click to read at www.forbes.com
This year, commercial real estate investor Muri Richardson will stay the course with investments into office buildings that need repositioning, while life company Northwestern Mutual is eying investments in retail and cross-border deals in Mexico. Commercial real estate investors are considering new strategies to deploy capital in 2019 amid a backdrop of concerns over slowing growth, equity market volatility and trade disputes. Others are sticking with what’s worked in the past. Click to read more at www.mrej.com.
Houston has been making headway following the economic slowdown, and—while the metro’s office market is far from healthy—signs point toward a strengthening economy. As an economy deeply rooted in energy, Houston is taking steps toward diversifying. As the fourth-largest metro in the U.S., Houston has a business-friendly climate and affordable cost of living that continue to be significant draws for companies and residents alike. The metro had 716,000 office-using jobs as of October, with professional and business services leading growth, having added 30,600 jobs in the 12 months ending in October. Click to read more at www.cpexecutive.com.
Vernon Veldekens, founder of Marcel, a privately owned, fully integrated commercial real estate firm based in The Woodlands, is no stranger to giving back, which is why he has created a unique “spin” on the traditional real estate development groundbreaking ceremony. He calls it “Groundbreaking for a Cause.” The program celebrates economic development growth while also supporting important local charitable organizations. The March 20 “Groundbreaking for a Cause” inaugural event will celebrate the start of construction of Cross Creek Town Center, located in Fulshear within Johnson Development’s Cross Creek master-planned community. Click to read more at www.chron.com.
With a new year of commercial real estate underway in Austin, Texas, we looked to our AQUILA experts to make predictions about the year to come. Nine trends rang through from their responses, from landlord concessions to tenant expectations. In this article, we explain the nine trends to watch for in Austin’s commercial real estate market in 2019. Click to read more at www.aquilacommercial.com.