Monday , 22 July 2019
Breaking News

Tag Archives: CBRE

CBRE: Texas Retailers Scored A+ on Back to School Shopping

(By Dale King) When it comes to back-to-school shopping, the Texas, Oklahoma and Arkansas triad packs more dollar-for-dollar wallop than most other parts of the USA, says a report prepared by SmartAsset, a web-based consumer financial information service provider. “Because of the region’s relatively low cost of living coupled with healthy median incomes, shoppers have the added bonus of stretching ... Read More »

Texas Triangle: Over 13 Million SF of Office Space Under Construction

THE TEXAS TRIANGLE – More than 13 million square feet of office space is under construction in the Texas Triangle —Austin, Dallas-Fort Worth and Houston, according to a new report by CBRE Research. The Texas Triangle report said the Dallas/Fort Worth market leads the state with 7.5 million square feet of new office projects under construction, followed by Houston with ... Read More »

Travis County Seeking Developer Proposals for Prime City Block in Downtown Austin

AUSTIN – The Travis County government in Austin, represented by CBRE, is soliciting development proposals for a full block in downtown Austin. The site, at 308 Guadalupe Street, is bounded by Third and Fourth Streets to the south and north, and Guadalupe and San Antonio Streets to the east and west. The block is catty-cornered from the W Hotel and ... Read More »

Pokemon GO: a Blessing or a Curse for Real Estate?

(By Dale King) If you haven’t played Pokémon GO, or, worse, if you haven’t heard of the game that’s turned a ‘90s-era Japanese cartoon figure into a 21st century cyber-adventurer, you probably haven’t spent enough dawdling time on your iPhone or Android. The original Pokémon, a yellow, impish figure with rabbit-like ears, a cherubic face and a zig-zag tail, returned ... Read More »

CBRE: 42 Percent Job Growth Creates Demand for Medical Office Space in Houston

HOUSTON – More than 600,000 SF of medical office space will be completed and delivered in the Houston area over the next year, as developers respond to growing medical employment growth, according to CBRE. CBRE Research in Houston has initiated analysis of Medical Office Buildings. Healthcare employment in the Houston area has grown by 42 percent over the last decade, ... Read More »

Oil Price Crash Pushes Houston Office Market to Its Lowest Point in 20 Years

HOUSTON – Houston’s office market is at its worst point in 20 years. The supply of sublease space has soared as new buildings have been built with few or no tenants ready to move in. The availability rate (the amount of sublease space and the empty office space directly available from landlords) hit 19.8 percent in the second quarter, CBRE ... Read More »

Sixty-Six Warehouses Under Construction in Houston, CBRE Reports

HOUSTON – Sixty-six warehouses and industrial buildings are under construction in the Houston area, the most robust construction pace in years with 11.2 million square feet being built according to CBRE. Robert Kramp, CBRE’s director of research and analysis, says Houston has become a major distribution hub that no longer relies as heavily on Dallas, the traditional warehouse and distribution ... Read More »

Labor Shortage Pinches Construction Industry

(By Dale King) Nearly a million workers in construction trades lost their jobs during the “Great Recession” and its aftershocks that slammed the United States in 2008 and subsequent years. Ironically, that same economic downtown continues to adversely impact the construction trade. Only today, it is causing a labor shortage that is forcing industry costs up, even though the price ... Read More »

El Paso Industrial Portfolio Sold

EL PASO, Texas – Affliates of Dallas-based Covington Group Inc. acquired the 548,629-square-foot Butterfield Trail portfolio in El Paso.  Covington Group is already underway with a multi-million dollar capital improvement project for the six-building industrial portfolio. Covington Group acquired the portfolio from Butterfield Trail Trust . Covington Group has hired Christian Perez Giese and Chad McCleskey, with CBRE’s El Paso ... Read More »

Overbuilt? The Highs and Lows of Houston’s Apartment Market: Q&A with CBRE’s New Multifamily Group Leader

HOUSTON – Throughout the city, apartment construction is on the rise.  At the beginning of the year, Apartment Data Services reported 102 apartment complexes under construction — 28,969 units — and another 16,000 units in 56 communities proposed. The new construction occurs as Houston’s diversified economy is recovering. While oil prices have increased over the past several months, energy prices ... Read More »

Retail Rush : New 1 million SF IKEA Distribution Center May be Tip of the Iceberg for Retailers’ Warehouses

BAYTOWN, Texas – The new 1 million SF IKEA distribution center planned for the TGS Cedar Port Industrial Park near Baytown is a sign of things to come. At the CBRE press luncheon last week, Faron Wiley of CBRE’s industrial division says Houston has come of age in for retail distribution space. For years, Dallas has been the major warehouse/distribution ... Read More »

Oil’s Impact on Houston Hotel Development: The Q&A with Randy McCaslin

Houston’s lodging sector remains relatively strong, particularly with billions in petrochemical plants under construction in East Houston, expansions at the Texas Medical Center, last year’s opening of the Southwest Airlines International terminal at Hobby Airport and the 2016 NCAA Men’s Final Four. Next year Houston hosts the Super Bowl, which will further buoy the hospitality market. Where is the hotel ... Read More »

Scroll To Top