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The Future of Downtown Houston’s Skyscrapers: Q&A with Tyler Garrett of Transwestern

HOUSTON – (Realty News Report) – Houston’s central business district’s office market has seen better times With 2 million square feet of sublease space on the market, the downtown availability rate is around 20 percent. In addition, new office towers such as Hines’ new office development on the former Houston Chronicle site will further increase pressure. But downtown still is ... Read More »

Transwestern: Boomers Downsizing Into Apartments; But They Still Want Amenities Like Home

HOUSTON – (By Dale King, Realty News Report) – Many baby boomers facing the reality of advancing age, the hard truth of children moving out for good and the ongoing need and cost of maintaining a large structure are pulling up stakes and leaving the family homestead in favor of apartment living. But most of them don’t want to give ... Read More »

Transwestern Completes 2 Million-SF Sale-Leaseback

TEMPE, Ariz. – (Realty News Report) –  A partnership of Transwestern Investment Group and JDM Partners LLC has acquired a 2 million-SF corporate campus near Phoenix in a sale-leaseback with State Farm Auto Insurance Co. The 20-acre office campus is located just east of Phoenix, between Arizona State University and Tempe Town Lake. The Arizona sale-leaseback is the third major ... Read More »

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 »

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