One of the most difficult but most satisfying and rewarding commercial real estate transactions I have worked on involved 41 acres inside the loop originally owned by the MacGregor family. The sale closed earlier this year. The property was donated to the City of Houston in the 1920s to be used as a [...]

Continue Reading The Sale of 41 Acres by MacGregor’s Heirs to Univ. of Houston

I recently completed a two-part commercial real estate transaction for Energy Steel Products, which was looking for a little different facility in Northwest Houston. The unique aspect was they were looking for cranes, and crane-served buildings are very much in short supply in Houston’s commercial real estate market today. After our search for crane-served facilities [...]

Continue Reading Two Steps to a New Crane Served Facility

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I spend most of my time in the Northwest and North side of town doing tenant representation and leasing and have been active in the Houston commercial real estate market for about a year and a half.

Continue Reading A Tight Market for Industrial Space in Northwest Houston

As an office leasing broker for Transwestern, we are working with our existing tenants to make sure they are able to get back to business. Several impacted tenants were forced to move into temporary space elsewhere in their building while we help to clean and refurnish their space. Broken windows are boarded up and carpet cleaning/replacement is underway.

Continue Reading Hurricane Ike Has Houston Office Space Tenants, Landlords and Brokers Scrambling

Over the past four years, The Woodlands has been described as one of the tightest and most expensive suburban office markets in the Houston area. The Woodlands was one of the first suburban submarkets to break through the $30 per square foot, gross rental rate barrier. On the demand side of the equation, companies looking to relocate or expand into the area were met with few options as Class A and B office properties logged sub-5% vacancy levels. Not surprisingly, landlords in the area adopted fairly consistent and inflexible lease terms as concessions evaporated.

Continue Reading Tenants Have More Options in a Changing Woodlands Office Market

Houston’s Greenway market continues to grow. Long recognized as a premier business and residential location, Greenway is located between the Central Business District and the Galleria/Uptown area, and takes its name from the Greenway Plaza office campus located in a 65-acre mixed use community along Southwest Freeway. Adjacent to the affluent River Oaks residential community, [...]

Continue Reading Greenway Growing Strong

The Port of Houston has been a major catalyst for the significant increase in new commercial development in the Southeast industrial submarket. In less than five years, the area has become one of Houston’s most talked about industrial submarkets with several high-profile developers and users staking a claim in the area. So, why Southeast Houston, and why [...]

Continue Reading Southeast Houston: Cutting-Edge Industrial Strength

When I first started in this business almost 10 years ago, I was afforded an incredible opportunity by birthright… the chance to office in the same room with a tenured broker who has been very successful in the land brokerage business since 1959, my father, Bill McDade.  I have sat less than 10 feet away [...]

Continue Reading Broker Mentoring… Reaping the Wisdom of Experience

A Green lease between the tenant and landlord incorporates ecologically sustainable principles and ensures that the operation of the building reduces impacts on the environment. This type of lease has become more prevalent in recent months as many companies seek the benefits of green building occupancy, including: lower long-term expenses; honoring company-wide pledges to be [...]

Continue Reading Green Tenants Sprout in Houston