Houston among top 10 markets in the U.S. for first-time homebuyers

Houston ranks among the top 10 U.S. cities in a new study of affordability for first-time homebuyers.

That’s according to SmartAsset, which ranked cities with at least 300,000 residents taking into account stable housing markets, affordable prices and the availability of mortgage loans.

Click to read more at Houston Business Journal.

Houston’s office market shows slight improvement in 2017

The numbers are in, and the Houston office market’s first-quarter performance was a slight improvement from a comparably rough-and-tumble 2016.

Houston closed the first quarter with negative 778,758 square feet in absorption, according to a report from NAI Partners, a brokerage based in the Bayou City. The city’s availability rose to 25.7 percent from 25 percent, per the report.

Click to read more at Houston Business Journal.

JLL: Big office tenants see opportunity in DFW’s Las Colinas market

With a few big office tenants circling Dallas-Fort Worth looking for a place to land, JLL Managing Director Steve Thelen said Irving’s Las Colinas market is one North Texas submarket that could win a lot of business this year.

Not only is it because Irving has some big blocks of office space for a big tenant, but this part of the region also has the highest concentration of science, technology, engineering and mathematics (STEM) workers.

Click to read more at Dallas Business Journal.

How Texas ranks among the most innovative states

WalletHub set out to rank all 50 states and the District of Columbia from least to most innovative, and the results show Texas is holding its own — even if there’s room for improvement in the Lone Star state.

The study looks at each state by 18 key indicators, from share of STEM professionals to research and development spending to the number of tech companies per capita

Click to read more at Houston Business Journal.

Here’s the strategy behind the developers of Imperial Market in Sugar Land

Developers have historically built out their mixed-use projects in a particular order.

First came soft goods, like boutique clothing shops, followed by bigger retail and then finally, restaurants and entertainment venues.

Geoffrey Jones and Jim Murnane of Texas Real Estate Fund Inc. are forging a new path in building out Imperial Market. The co-owners and developers behind the $200 million historic mixed-use project in Sugar Land are first bringing on experiential tenants — such as coffee and gelato shops, restaurants and lounges and a movie theater — before signing on other retailers.

Click to read more at Houston Business Journal.

What’s holding Ross Perot Jr. back from developing Dallas’ tallest tower

Ross Perot Jr. only has one rendering of a proposed 70+ story office tower and it’s sitting in the headquarters of his new family office, awaiting the perfect tenant.

“We need a client,” Perot, chairman of Hillwood and The Perot Cos., told the Dallas Business Journal.“This is a 1 million-square-foot build-to-suit and is a special purpose project.”

Click to read more at Dallas Business Journal.