‘There aren’t that many sellers’ in Houston’s sturdy industrial market

As institutional capital turns its eye toward Houston’s industrial market, a growing number of longer-term owners may slim the list of available industrial properties around town.

“There aren’t that many sellers,” said Jim Foreman, executive director at Cushman & Wakefield, speaking generally about the Houston industrial market. “A lot of stuff is institutionally owned by the REITS – like DCT Industrial and Clarion Partners. The market is made up of longer-term holders right now.”

Click to read more at Houston Business Journal.

Austin construction activity strong, but not as robust as other U.S. cities

Views in every direction across the Austin metro area seem to tell a story of unprecedented construction activity — and there are hundreds of projects underway.

In the Aug. 11 weekly edition, I survey some new developments that may have escaped detection because of their location or modest stories.

Click to read more at Austin Business Journal.

Two Gulf Coast cities beat out Houston as best places to retire

Two cities a short drive from Houston have been named among the top 10 places to retire nationally, according to a new report.

Zumper, an online marketplace for apartments, analyzed data from the U.S. Census Bureau, the FBI, NOAA and the company’s own rental database to create a rubric that graded 117 U.S. cities on factors such as weather, crime, health care access and housing affordability.

Click to read more at Houston Business Journal.

Port of Houston to invest $333M through 2018

There’s a corner of Houston that’s driving industrial development, hundreds of millions of dollars in capital projects and keeping the city’s economy upright amid a prolonged oil slump. Soon, it’s expected to benefit from a major boost in export volume.

Port of Houston expects to invest $333 million in capital projects throughout 2017 and 2018, according to a North American shipping report from Chicago-based JLL. These projects include cranes needed following the Panama Canal expansion, per the report.

Click to read more at Houston Business Journal.

Lamar Hunt-affiliated developer chosen to build new project in McKinney

McKinney Economic Development Corporation selected Hunt Southwest, a Dallas-based real estate investment firm affiliated with the Lamar Hunt family, to build a new industrial facility in McKinney.

The development firm landed the economic development group’s project after McKinney Economic Development circulated a request-for-proposal earlier this summer.

Click to read more at Dallas Business Journal.

Houston firm buys North Dallas office property

Dallas-based real estate investor Caddo Holdings has sold one of its North Texas properties to Houston-based Tanglewood Property Group for an undisclosed sum.

The 31-year-old office building, called Preston Plaza, totals 259,009 square feet and sits at the intersection of Preston and Frankford roads in North Dallas.

At the time of the closing, the building was 91 percent occupied by office tenants, including Sovereign Bank, The Ayco Company and Progressive Casualty Insurance.

Click to read more at Houston Business Journal.