Commercial Real Estate Finance

Posts Tagged ‘Houston’

This ranking is based on research published in Colliers’ 2013 Retail Outlook Highlights for North America (here’s the PDF). From 2012′s year-end absorption data for major retail markets, here are the Top 10 “Most Absorbent” Retail Markets in the U.S.!

10. Baltimore, MD (Retail space absorbed in 2012: 514,444 SF)

9. Boston, MA (549,034 SF)

8. Cincinnati, OH (550,102 SF)

7. Washington, DC (708,954 SF)

6. Las Vegas, NV (825,682 SF)

5. Denver, CO (934,929 SF)

4. Atlanta, GA (1,004,274 SF)

3. Seattle/Puget Sound, WA (1,047,510 SF) Read the rest of this entry »

Today’s Top 10 comes from Integra Realty Resources’ Viewpoint 2013, which includes data from Smith Travel Research. Though hospitality real estate was among the worst-hit CRE sectors during and after the recession, there are signs of substantial recovery in select markets, such as those below. Here are the Top 10 Hospitality Real Estate Markets of 2012:

10. Dallas, Texas

9. Orange County, California

8. San Diego, California

7. Boston, Massachusetts

6. Los Angeles, California

5. Miami, Florida

4. Chicago, Illinois Read the rest of this entry »

Mensch 

Noun, informal. A decent, upright, mature and responsible person. 

Schlemiel 

Noun, slang. An awkward, clumsy, or unlucky person whose endeavors tend to fail; a loser. 

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Mensch of the Week:

Pittsburgh, Pennsylvania

With a few notable exceptions, most U.S. cities have reported little good news about their office markets. Contracting businesses coupled with lower space demands have created a less-is-more scenario in most office markets (except Manhattan, San Francisco, and a few others). Greater efficiency and consolidation in this sector wouldn’t be a problem if it wasn’t for (what turned out to be) massive overbuilding of the asset class up through 2007.

Back in January, Reis Reports noted that a great deal of office inventory would remain unleased until the labor market enters a significant recovery period. Of course, the average vacancy rate at the close of 2012, 17.1%, is a respectable improvement over the 17.6% reached earlier in the financial crisis, but it’s a far cry from 2007′s 12.6%. For most markets, the only way to lower the vacancy rate is to demolish or repurpose current assets. Read the rest of this entry »

Even though many retail markets have struggled since the recession and the advent of e-commerce, there are many markets, submarkets, and property types that still show potential for retail investors and operators. From IRR’s Viewpoint 2013, based upon data from Real Capital Analytics, here are the Top 10 Retail Markets of 2012:

10.Seattle

9. Houston

8. Nashville

7. Phoenix

6. Dallas

5. Boston

4. Washington, DC Read the rest of this entry »

According to an investor survey published by the Urban Land Institute and PriceWaterhouseCoopers, Dallas and Houston are two of the most popular markets for commercial real estate investment in 2013. Dallas shows up at number 9 in the Top 10 CRE markets list, beating Orange County. Houston shows up at number 5, ahead of Boston, Seattle, and Washington, D.C. Integra Realty Resources estimates Dallas has or will have 794,000 SF of office real estate under construction, while Houston has 1,000,000 SF. Compare that to Philadelphia’s 300,000 SF.

The office pipelines for Houston and Dallas signal significant growth, consistent with the ULI’s reports of these markets’ appeal to investors. Obviously, economic vitality and population growth are often a product of numerous factors. Healthcare, technology, education, and other industries are certainly major drivers for the ongoing growth of these cities and their commercial real estate activity. But no one will dispute the fact that the energy sector–in this case, “Big oil”–is fundamental.

Thanks to their proximity to oil assets both on land and off shore, these two cities host operations for some of the biggest energy companies in the world: BP America, Citgo, ConocoPhillips, ExxonMobil, Gexa Energy, and so on. The high concentration of energy interests in these cities has made some of their real estate markets, in the opinion of many, “recession-proof.” Read the rest of this entry »

Writing on RealtyPin.com, Daniel Torelli names his Top 5 Housing Markets From 2012.

The East Coast is conspicuously absent…

5. Austin, Texas

Mr. Torelli says: “rent prices are off the charts in Austin – meaning that more people are looking at buying as a more cost-effective alternative. Right now, Austin homes are spending half as long on the market as they were in 2011.”

4. Phoenix, Arizona

“Phoenix has surprised real estate experts all year long – first with its median sale price increases, and now with the surge of investors that have descended on the city. All-cash transactions have actually become common here.”

2. Seattle, Washington

“In every month, Seattle’s median selling price was higher than the corresponding month in 2011. In November, the median selling price was $420,000 – a major improvement over $379,000 in November 2011! Thanks to eager buyers, the average Seattle home is spending a mere 30 days on the market.”

Read the rest of this entry »

Let’s take a look at the connection between income growth and commercial real estate. From Business Insider, here’s a ranking of the Top 10 Cities with the Fastest Growing Wages: 

 10. San Diego, CA (12-month improvement: 1.2%)

9. Atlanta, GA (1.3%)

8. Philadelphia, PA (1.3%)

7. St. Louis, MO (1.4%)

6. San Francisco, CA (1.4%) Read the rest of this entry »

Once again from AFIRE‘s annual survey of international investors, here are the Top 10 U.S. Cities for International Investment:

10. Chicago

9. Miami

8. Austin

7. Houston

6. Seattle Read the rest of this entry »

In honor of TNT’s reboot of Dallas, I thought I’d take a look at the great state of Texas. For those involved in commercial real estate at a city or regional level, it’s easy to miss the goings-on of other parts of the country. I can tell you plenty about CRE in Philadelphia or New York City or Washington, D.C., but very little about the West Coast or Midwest. And what I know about the Texas CRE market would make for a very short post.

Fortunately, there’s Google, and plenty of Texas-based CRE blogs like our friends REDNews and The Tenant Adviser. By exploring such markets, looking at their particular challenges and dynamics, those of on the coasts might see our own markets a bit differently.

Read the rest of this entry »

Top 10 Master Planned Communities in the U.S.:

10. Woodbury (The Irvine Company), Irvine, CA

9. Monterra (CC Devco Homes), Cooper City, FL

8. Providence (Focus Property Group), Las Vegas, NV

7. Mountain’s Edge (Focus Property Group), Las Vegas, NV

6. Telfair (Newland Communities), Houston, TX Read the rest of this entry »