20 Houston commercial real estate headlines in 2017

Longtime Houston investors and others new to the market pumped money into high-profile office properties across the region in 2017.

E-commerce continued to make an imprint on the local industrial market as Amazon expanded and developers added massive warehouses before securing tenants. Big-name grocery stores and even a longstanding farmers market prepared for upgrades befitting their urban location captured our attention.

 Following is a collection of 20 significant deals and trends in Houston commercial real estate headlines this year.
 
Click to read more at Houston Chronicle. 

Austin real estate brokerage strives to become hot spot for downtown art shows

Residential real estate brokerages aren’t typically located in prime downtown storefront space, but Austin has at least two enterprises with that appealing amenity.

Urbanspace, owned by Kevin Burns, operates expansive offices on West Fifth Street, which includes an interior design practice and home furnishings, while DEN Property Group at West Third and Guadalupe streets is both an office and an art gallery that includes selected compositions for sale.

Click to read more at Austin Business Journal. 

Luxury mixed-use in Upper Kirby signs boutique, Indian restaurant, hair salon

Kirby Collection, a new luxury mixed-use development in Upper Kirby, is adding three more retail tenants.

New York-based developer Thor Equities announced Jan. 3 that A Ma Maniére, Great W’Kana Café and Atelier Isabelle Rose recently signed leases. Austin Knief and George Stanchfield of Thor Equities represented the landlord, Thor, in all three transactions.

A Ma Maniére, a boutique from Atlanta, will take 2,200 square feet for its first Houston store. The company offers luxury streetware and footwear brands, including Adidas, Alexander Wang, Off-White, Puma and Raf Simons, according to Thor Equities’ press release. Jerald Vascoe represented A Ma Maniére in the lease. 

Click to read more at Houston Business Journal. 

Dallas ISD’s former headquarters along Ross Avenue near downtown Dallas getting major makeover

A Dallas-based investment firm plans to transform the former Dallas Independent School District headquarters along Ross Avenue from administrative offices into a luxury rental community while saving the architecture of the historical building.

Dallas ISD left the corporate office at 3700 Ross Avenue in downtown Dallas to consolidate into an office building along North Central Expressway, giving the school district a more efficient footprint.

Click to read more at Dallas Business Journal. 

Trez Capital’s latest $100M bet gives this developer millions to build in DFW

Phoenix-based NexMetro Communities plans to invest upwards of a half-billion dollars in the next few years on new luxury leased communities in Dallas-Fort Worth. The investment plan comes after the company closed a deal in excess of $100 million with Trez Capital, one of the largest private non-bank lenders in North America.

Trez Capital, which has an office in Dallas, will initially help back five of NexMetro’s Avilla Homes communities this year in Phoenix, Dallas and Denver. The lending relationship will be managed from the Canadian-based firm’s Dallas office.

Click to read more at Dallas Business Journal. 

Indeed, like HomeAway and Facebook, sets up another huge office in Austin’s ‘second downtown’

Indeed.com, the booming aggregation website for job seekers, is another marquee company going all in at The Domain in North Austin.

The 300-acre mixed-use development, which has risen like a phoenix in the past decade, has become Austin’s second downtown and is nearing build-out with tech-focused companies — Amazon, Facebook and HomeAway, to name a few — snagging a piece of prime real estate.

Click to read more at Austin Business Journal.