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In the Central Business District, there is a strong flight to quality as office tenants continue to seek high-quality buildings that offer flexible design, functionality, efficient floorplates and upscale amenities.
Heights adaptive reuse project, M.K.T., will provide an infusion of creative office space for which there is growing demand but little available inventory in Houston despite its wider appeal in the country.
Two years of anticipated gridlock ease fears that political or economic policy changes will derail business expansion plans, setting the stage for further job creation and modest gross GDP growth, says Transwestern.
Submarkets such as the Galleria remain attractive to investors and lenders due to the desire to place capital in Houston and the quality asset of the Hyatt Galleria drew heavy lender interest for the refinance.
Port Aransas is seizing an opportunity after Harvey to manage growth while retaining its mom and pop feel in what is the closest beach to San Antonio and Austin, which is drivable from many parts of Texas.
Self storage has proven to be a defensive asset class in that there is still a good deal of demand for quality self-storage product and capital is available to well-located institutional-quality projects.
The acquisition includes three multifamily properties in the Houston metro area totaling 1,392 units; two properties in Tampa, FL totaling 1,231 units and a 253-unit property in Salt Lake City, UT.
Conceived as a new landmark, 841 Yale provides a nod to the turn-of-the-century origins of The Heights with craftsmen masonry and brick patterns plus arched metal windows in its first two stories.
Speculative development is much less prevalent today than in past boom times–with many of Dallas/Fort Worth's large office and industrial projects significantly leased up prior to construction.