THE LEGENDS OF REAL ESTATE AWARDS 2016 – Ralph Bivins, editor of Realty News Report, has selected the most significant people, projects, deals and ideas of the Houston real estate market for 2016. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the brilliant professionals who are made them happen.
INDUSTRIAL LEGEND – Robert Clay of Clay Development and Construction reeled in a big one in 2016 – a 1 million square foot deal with IKEA, the Swedish furniture retailer. IKEA will occupy two warehouses in Clay’s 80-acre Cedar Port Distribution Park off of Borusan Road in Baytown. Houston had a big year in industrial real estate with firms such as Hines, Avera and Trammell Crow impressing us with significant deals. But a 1 million square-foot lease is huge and with it, Clay is proving up Baytown as a major cog in the NeoPanamax distribution game. The IKEA project injects a lot of momentum into the adjacent 15,000-acre Cedar Port Industrial Park, which was purchased by a Trans-Global Solutions partnership two years ago.
Coming tomorrow: Realty News Report’s Legends of Real Estate Award for Commercial Project of the Year.
Dec. 28, 2016 – Realty News Report Copyright 2016