“We’ve got to keep hustling”: Fort Worth fights to make a name for itself


They don’t call Dallas ‘Big D’ for nothing. It tops lists like Forbes’ “Best Cities for Jobs” and “Best Places to Invest in Real Estate” or HousingWire.com’s “Best Real Estate Markets in the U.S.” It is the shining example of growth and development in North Texas. Therein lies the challenge for the city that could be considered Dallas’ little sister: Fort Worth.

The seat of Tarrant County, Fort Worth is the 16th largest city in the country, but its glow is often muted by the spectacle of big sis, Big D. At a recent conference on economic development, local government and economic leaders acknowledged visibility is a challenge.

“From a visibility standpoint and an informational standpoint, people just aren’t aware of us as a community,” said Robert Sturns, the city’s economic development director.

Click here to read the rest of this Article.

The Amazon effect: How retailers are adapting to the rapidly changing environment


The one constant about the retail industry is that it’s constantly changing, though experts in the field acknowledge that the current pace of change is unlike any they’ve seen in their careers.

“I feel like things are accelerating right now,” says Artemio De La Vega, president and CEO of De La Vega Development, who was one of the Development & Construction panelists during ICSC’s 2017 Texas Retail Forecast.

“As for the number of groups that are reinventing themselves and adapting to the changing times, it’s probably the most substantial shift I’ve seen,” adds Ryan Johnson, co-market leader at SRS Real Estate Partners, who moderated the retail panel during the forecast summit. “That’s why it’s a fun industry to work in. You have to be on top of your game. You have to know what’s happening in the markets. You have to know what consumers want. That’s what I love about retail.”

Click here to read the res of this Article.

Keeping Up With Kristen: Berkadia’s McDade locks up land deals


If success in the commercial real estate industry is based on outlook and attitude, Berkadia’s Kristen McDade is going to have one heck of a 2018!

“You can almost feel the energy bubbling up!” says the Senior Director of the Houston office. “There are lots of calls on sites, offers are flying around and deals are coming together — and with realistic speed (which has been lacking for the past 24 months).”

Throughout 2017, McDade says she felt as though she was in transition. The University of St. Thomas grad only just made the move from CBRE to Berkadia late in 2016, coming on board to lead the Land Services team.

Click here to read the rest of this Article.

Federal Reserve Bank of Texas Texas Economic Update: Texas Economy Finishes the Year Firing on All Cylinders December 2017


The Texas economy continues to expand at a steady pace as payroll employment rebounds strongly in the wake of Hurricane Harvey. The Texas Business Outlook Surveys suggest continued growth in the state’s manufacturing and service sectors. Early benchmark data for job growth in the first half of the year was revised down slightly from an annualized pace of 3.0 percent to 2.6 per-cent. When incorporating this data and adjusting for the hurricane effects, the Texas Employment Forecast projects 2.4 percent growth this year, slightly below the previous estimate of 2.6 percent. Job growth in 2018 is expected to stay on a similar pace and above the state’s long-term trend of 2.1 percent.

Click here to read the rest of this Article. 

Shopping and Shipping: Every Click of E-Commerce Drives Distribution Market


Industrial market expectations for distribution-style space as 2018 kicks off are a lot like what 2017 delivered: Escalating e-commerce volume and supply chain management practices that seek “last mile” proximity are driving demand and development, reports a sampling of Texas industrial experts.

Here’s why: Online shopping. E-commerce accounted for 25 percent of leasing in 2017, up from 14.7 percent a year ago, according to JLL’s “US Industrial Outlook 2017, 3Q.”

With leasing activity and absorption up, construction has followed. In both speculative and build-to-suit projects, the wide open spaces of Texas are now inside new properties; they’re super-sized and locating a bit farther out of established markets to optimize investment, bypass congestion as urban density rises, and participate in the “last mile” delivery concept that is defining the logistics of quickly moving and efficiently storing goods. Infill locations –with adequate truck parking –is also seeing some activity.

Click here to read the rest of this Article.

Opening up office in 2018


When it opens its doors in 2019, Skanska’s Capitol Tower will reach 35 stories into the downtown Houston skyline, offering up 775,000 square feet of Class-A office and retail space. Six and a half floors of the sustainable building, totalling 210,000 square feet, will be occupied by Bank of America.
“That was by far the most unique deal I worked on in 2017,” says Kristen Rabel, senior vice president of CBRE Houston. “It was exciting to work with a large tenant and get them to understand the vision of Capitol Tower.”

Click here to read the rest of this Article.