Hartman vREIT XXI Inc., a publicly registered non-traded real estate investment trust, has purchased the Spectrum Building, a 10-story, 175,300-square foot office property located in San Antonio, Texas, for $16.5 million, or approximately $94 per square foot.
Read the rest here
One of the biggest challenges commercial owners and operators face is managing risk. You can secure financing, attract investors make improvements and screen tenants but you cannot
know when disaster will strike. In Texas, we know all too well the damage a rogue thunderstorm can cause when it hurls golf ball-size hail or fills up a local creek too quickly. That’s, of course, why the insurance industry exists: to protect your investments in case of a loss. However, insurance companies may not be completely altruistic in their mission.
The read the pdf click here
Takeaway: With some mildly qualifying caveats in selected commercial real estate segments, the
overall light is green in Houston’s economy for 2019.
• Economic growth in Houston was very weak 2014-17 but the economy was sustained by fracking momentum, a Ship Channel chemical boom, and post-Harvey retail and construction
• Job losses matched the ‘80s here during recent oil downturn, but
have stabilized without a big upward bounce
• Nine service sectors carried our economy post-slump: retail, health
care, finance, bars & restaurants, local gov’t, private education, state
gov’t, arts and entertainment, lodging
To read the PDF click here
The switch to 2019 is an opportunity to celebrate the year that was and look ahead to the year to come. As it pertains to commercial real estate, a big part of the future, as well as the past, is lending. To determine what the new year has in store, REDNews reached out to Greg Young, senior vice president of Grandbridge Real Estate Capital, which offers comprehensive capital solutions for commercial and multifamily real estate assets, and William Dampier, vice president of commercial lending at City Bank, which provides a number of commercial loans aimed at
helping the Houston community grow and prosper.
To read the PDF click here
On Small Business Saturday, parking was hard to come by on 19th Street in the Houston Heights. Crowds rolled like waves down the sidewalk, popping in and out of the stores. Along with
the chatter of shoppers and rumble of traffic, you could hear the frequent bell jingle, a sign that another customer had popped in to see what one of the momand- pop storefronts offered.
To read the pdf click here
New business models and competition, extensive use of technology, and changing tenant and investor expectations are redefining the commercial real estate (CRE) industry. In our 2018 Real Estate Outlook, we emphasized that RE companies will likely have to take some risks and embrace change to adapt for the future.1 Since then, we’ve seen these factors occurring at ever-increasing rates, which has continuously challenged companies to deal effectively with the relentless pace of change. As a result, traditional rules of the road might not work fast enough to provide the agility CRE companies of the future will likely require.
In our endeavor to help CRE companies understand the new rules of the road, our 2019 Commercial Real Estate Outlook dives deeper into the preferences of CRE investors. Our survey of 500 global investors, which provides insights on factors that are influencing their CRE investment decisions, revealed the following key themes…
Click to read more on www.deloitte.com .