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. 

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. 

Houston office exec: Investors ‘want to have a good story’

When it comes to the highs and lows of 2017, Preston Young called Houston’s commercial real estate market “a tale of two cities.”

Young, who serves as regional managing partner for Dallas-based Stream Realty Partners, noted the contrasting storylines in Houston’s office leasing market, which is still struggling under the weight of several million square feet of sublease space, and the office investment market, which saw a tenfold increase in deal volume compared to 2016. Houston’s office investment market saw $4 billion in assets trade hands in 2017, compared to $400 million in 2016.

Click to read more at Houston Business Journal. 

 

Texas added more people than any other state in past year

Texas added more people than any other state from 2016 to 2017, according to national and state population data released last week by the U.S. Census Bureau.

Between July 1, 2016 and July 1, 2017, the Texas population increased by nearly 400,000 people, No. 1 nationwide. The Lone Star State’s population was about 28.3 million at that time.

That 1.4 percent growth rate was the seventh-fastest in the U.S. in terms of percentage growth.

Click to read more at Houston Business Journal.

Transwestern Investment Group searching for next big sale-leaseback campus following string of megadeals

Shortly after closing the latest sale-leaseback of a State Farm Insurance regional campus, Houston-based Transwestern Investment Group has begun scouring major U.S. markets for additional investment opportunities.

The latest deal — the sale-leaseback of the 2 million-square-foot State Farm regional hub in Tempe — closed earlier this month, and marks the end to a years-long partnership between Bloomington, Illinois-based State Farm Insurance and Transwestern Investment Group.

Click too read more at Houston Business Journal.