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Jankowski: Hurricane Delayed Houston’s Economic Recovery; It Didn’t Kill It

HOUSTON – (Realty News Report) -Hurricane Harvey did not derail Houston’s economic recovery; the storm merely delayed the city’s rebound a few months, according to a leading Texas economist. “Hurricane Harvey had little impact on Houston’s business structure,” continued Patrick Jankowski, CCR, senior vice president research and regional economist for the Greater Houston Partnership.  “Harvey hit the recovery reset button, ... Read More »

Transwestern’s Kevin Roberts: Entering the New Era of Houston’s Office Market

Mention Houston real estate to an out-of-towner and chances are they’ll ask about empty office buildings in the world’s energy capital. But while the Space City’s office market continues to struggle and there is significant sublease space available, things are not as dire as others would have you believe. To find out some of the bright spots in Houston’s office market, Realty News Report talked with Kevin Roberts, President, Southwest ... Read More »

Charles Hazen Appointed President of Transwestern Investment Group

HOUSTON – Charles Hazen, who formerly served as President and CEO of Hines Global REIT and other Hines business units, has been named President of Transwestern Investment Group. Transwestern Investment Group is part of the Transwestern group of companies, which also includes national real estate services and development companies. “Charles brings deep investment management experience and outstanding investor relationships to ... Read More »

Transwestern’s Johnson: Obamacare Reform Uncertainty Not Slowing Medical Real Estate

HOUSTON – The “repeal and replace” Obamacare health insurance discussions under the Trump administration have not slowed down activity in the healthcare industry, says Eric Johnson, national director of Transwestern’s healthcare advisory group. Johnson made the observations at the recent Texas Healthcare Real Estate 2017 conference in Houston. A panel discussion on healthcare real estate included Alan Whitson, president of ... Read More »

Transwestern Sells 1,600 Units in North Texas

DALLAS – Transwestern’s Dallas-based Multifamily Investment Services Group has closed transactions on 1,600 units valued at $85 million in North Texas. Transwestern Principal Taylor Snoddy and Vice Presidents Philip Wiegand and James Roberts represented the sellers and also sourced the buyers on the transactions, which closed in the last weeks of the year. “These transactions represented a wide range of ... Read More »

Why the Media Missed Trump’s Win: Tucker Carlson of Fox News Tells Transwestern

HOUSTON – The election of Donald Trump was unexpected in the polls and by a political press that largely favored Democrat Hillary Clinton, according to Tucker Carlson of Fox News. Trump’s victory was unforeseen in most newsrooms because the media is isolated from much of the mainstream core of American voters, Carlson said in Houston Wednesday night in a speech ... Read More »

America’s Empty Space Leader: Energy Corridor No. 1 Submarket in Nation for Sublease

HOUSTON – The Energy Corridor of West Houston leads the nation in the supply of sublease office space, according to a JLL report comparing the supply of excess space in American submarkets. JLL reports over 3 million SF of excess office space is available for sublease in the Energy Corridor, where oil and gas companies have laid off thousands of ... Read More »

Transwestern: Sublease Supply Up 118 Percent in Houston Office Market

HOUSTON – The Houston office market has experienced a 118 percent increase since the first quarter of 2015, according to Transwestern. The surge in sublease space supply – Houston office market has 11.2 million SF of sublease space currently on the market – has developed as energy firm have shed excess office space. In a recent sublease move downtown, Freeport ... Read More »

The Long and Winding Road to Growth: Houston’s Grand Parkway

(By Dale King) HOUSTON – There’s good news and not-so-good news to report about Greater Houston’s “Grand Parkway” road project. The good news is that the 180-mile highway which will eventually encircle Houston and its environs will provide “improved access and greater demand for office space” in various submarkets. It will also “help suburban commuters get around Houston easier and ... Read More »

Three Deals Closed in Houston’s Hot B&C Multifamily Market

HOUSTON – Transwestern’s Houston Multifamily Investment Services Group, demonstrating a trend for Houston’s hot market for Class B and C units, has completed the sale of three apartment properties totaling 786 units. “Demand for Class B and C apartment assets remains vibrant in the Houston market,” said Transwestern Managing Director Ed Cummins. “These deals represented a blend of local and ... Read More »

Massive Prologis Warehouse Project Hits 100 Percent Occupancy

HOUSTON – The 2 million SF Prologis warehouse portfolio in the West by Northwest Industrial Park has reached 100 percent occupancy, according to Transwestern, the Houston-based commercial real estate firm. “We are pleased to bring this assignment to full occupancy,” said Darryl Noon, senior vice president of Transwestern. “Despite some of the national attention Houston is receiving regarding economic uncertainties, ... Read More »

Bujosa: Land Prices Holding Up in Fort Bend County

(By Dale King) SUGAR LAND, Texas — Land prices are stable in Fort Bend County, southwest of Houston, despite a decline in the energy industry, says land specialist Carlos Bujosa, a vice president with Transwestern. He said land prices in the area are “stable. We don’t anticipate any across-the-board land value declines; we haven’t seen any yet.” Land values should ... Read More »

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