FOR IMMEDIATE RELEASE
HOUSTON, TX, June 20, 2018
Danny Nguyen, CCIM, of DN Commercial in Houston, Tx., represented the undisclosed seller, in the $865 Thousand listing of approximately 6 acres of commercial land at Cullen Blvd, Houston, TX 77047, to an undisclosed buyer.
Tel: (713) 270-5400
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A computer system that can track and identify any face anywhere may sound like science fiction, but, in China, two such companies are barreling ahead at making such technology an everyday reality.
The two startups, SenseTime and Megvii, are developing competing facial recognition platforms powered by artificial intelligence.
Click to read more at www.businessinsider.com
Commercial property buyers are increasingly looking into the coworking space trend, wherein office space is used more communally. Coworking space operators typically sign a lease with a generic office, then create spaces with numerous desks and other amenities for freelance workers or startups. These spaces are then let at a premium on short, flexible terms to individuals and companies.
Click to read more at www.realtybiznews.com
Unlike the three other major commercial property types, it has taken the Dallas-Fort Worth retail market quite some time to recover from the Great Recession. However, recent trends have been positive. Vacancies are at historic lows, rent growth has accelerated and indicators like consumer spending and population growth are trending in the right direction.
While there are obvious headwinds facing the retail market on the national level, the continued demographic and economic strength of D-FW makes it a solid bet to outperform the national benchmark over the next few years.
Click to read more at www.costar.com
Texas Attorney General Ken Paxton is calling for the immediate removal of eight members of the Austin Planning Commission who he said violated the city’s charter by being connected to land use or real estate.
City charter holds that no more than one-third of the 15-seat, council-appointed Planning Commission can be “directly or indirectly” connected to land use or real estate.
The suit, filed Monday against eight planning commissioners, demands their removal for “unlawfully” holding office. They include James Shieh (appointed by Mayor Steve Adler); Karen McGraw (Council Member Kathie Tovo), Trinity White (Council Member Ora Houston), Fayez Kazi (Council Member Delia Garza), James Schissler (Council Member Ellen Troxclair), Patricia Seeger (Council Member Alison Alter), Greg Anderson (Council Member Jimmy Flannigan) and Tom Knuckols (Council Member Ann Kitchen).
Click to read more at www.communityimpact.com
Houston-based Braun Enterprises has ventured into San Antonio with the acquisition of 84 NE Loop 410, also known as the Century Building.
The four-story, 187,000-square-foot building sits on 10 acres at Loop 410 at U.S. 281. Additional retail space and parking could be added to accommodate restaurants and stores, the company said.
Inside the building, Braun’s redevelopment plans include creating 25,000 square feet of collaborative office space for lease to small- and mid-sized tenants. The common areas will also be updated.
Click to read more at www.chron.com