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This type of development, 27905 Commercial Park Rd., is reflective of the economic boom Tomball is experiencing after the completion of the Grand Parkway.
As the migration of companies and residents to the Houston region continues, the demand for self-storage facilities will expand, which adds to the long-term value and strategically positions assets to perform over time.
Most major Texas MSAs continue to record net population growth and job growth, which help to drive good storage returns, making the Texas self-storage market a good long-term bet.
SOJO Commons provides a choice of housing type, an urban for-sale product, that until recently did not exist in San Antonio, offering a lock and leave alternative to higher HOA-fee condos or older housing.
Investors ranked Houston as a top five target for investment among US metros, whereby 88% of investors plan to either maintain or increase spending in 2018—up from 83% in 2017.
The continued use of e-commerce with a particular demand for cold storage due to grocery and meal deliveries led Crow Holdings to purchase a 700,644-square-foot freezer warehouse and distribution facility.
The completion of The Woodlands Waterway is an example of a commitment to a vision that started on a napkin 45 years ago, although the sketch has changed a bit during that evolution period.
Institutional investors continue to focus on well-located, stable medical office assets that are aligned with major healthcare systems as well as highway frontage and surrounding retail in Houston.
Emerson Apartments, located at 1221 New Meister Ln., was sold pre-stabilized upon completion to a private buyer at an undisclosed sales price, in a transaction of benefit to the developer and buyer.