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 [...]
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Broker Mentoring… Reaping the Wisdom of Experience
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 [...]
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Green Tenants Sprout in Houston
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 [...]
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Dealing with a Right-of-Way Acquisition or Condemnation
Suppose you are a business owner that has been operating for years out of the same location. Then you get a letter from a governmental authority indicating that all or some of your property will be subject to acquisition for the expansion of the road that helped grow your business. This is the scenario that [...]
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Crane Served, an Endangered Species?
With the oil field manufacturing industry booming in Houston, there is strong demand for crane served space. The market is not keeping pace with the demand for crane served or crane ready buildings in excess of ten tons.
The problem we face is that many of the buildings currently available in the market place are not [...]
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Inner Loop Land, They Are Not Making Any More Of It
Real estate values inside Loop 610 have surged in recent years as many key drivers of suburban growth have experienced a reversal. Changing demographic trends have overturned the decades trend of suburban growth at the expense of the urban core.
Houston as a city is changing and redeveloping in ways that reflect these demographic megatrends. Houstons [...]
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Retail Locations May Require Periodic Maintenance, a Case Study
Even well established retail and service firms with a score of good locations need to periodically reexamine their sites to make sure that the firm meets its goals. Brake Check, a professional automotive repair company headquartered in San Antonio, expanded into Houston in 1973. Over the next three decades, the company grew to 22 Houston [...]
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Are Office Condos Here to Stay?
Office condominium projects have become a popular type of office development in Los Angeles, New York, Chicago, Miami, Boston, Phoenix, and yes, even Houston. An office condo allows an individual to own a unit in a multi-unit structure. This type of ownership includes an undivided interest in various common areas and in the underlying land.
Recent [...]
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What Could Stop Houston’s Healthy Commercial Real Estate Market?
If you ask most Houston real estate brokers, especially the seasoned pros, about market conditions, many will tell you the last few years have been as good as it gets. Most real estate firms have been in a growth mode and the real estate industry is attracting many highly qualified college graduates.
Job creation, the booming [...]
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LEED Certified-The Future of Office Buildings
A new trend has arrived in commercial office buildings. Landlords and leasing agents should get used to being asked, Is your building LEED certified? New construction and existing buildings are being built or modified to fit the Leadership in Energy and Environmental Design (LEED) Green Building Rating System. LEED promotes a whole-building approach to sustainability [...]
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