By David Sorter for REDNews One thing about a recession: people still get sick. More and more people will need medical care in high-population-growth regions. And that’s why the hospital/medical office building market remain strong despite a tanked economy. “The medical office side is a little more insulated from volatility of the current economic conditions,” [...]

REDNews: What type of concessions are you currently offering prospective and renewal tenants?  Lower Rates? Free Rent?  T/I dollars, relocation costs, etc? Benak: Granite is very willing to work with tenants in these tough economic times, but we have not gotten far enough along with any sizeable deals to make this determination. Our preference will [...]

Excerpts from The Weitzman Group’s 2009 Shopping Center Survey & Forecast The Houston area’s retail market remained balanced in terms of supply and demand at year-end 2008, largely due to steady leasing in existing projects and developments that were significantly pre-leased prior to construction. The overall retail climate is further aided by the Houston-area economy, [...]

Supply-Side Pressures and a Cooling Employment Market Driving Vacancy HigherDespite modest job cuts, the Houston retail market is projected to weather the economic downturn this year. As the economy works through the recession, local employers are forecast to trim payrolls, albeit at a far more modest pace than is expected throughout the rest of the [...]

by: Janis Arnold for REDNewsStatewide there are distressed properties that are beginning to create buying opportunities that are being seized upon by investors. Ultimately, one person’s distressed asset is likely to become another’s investment opportunity. Reports from around the state follow: Jennifer Dawson, writing for the Houston Business Journal, reports that Patrick Hicks and Cliff [...]