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WHERE LAND MEETS OPPORTUNITYLa Porte, Texas
RET
AIL
& RE
STAURANT DEVELOPMEN
T
O
IL & GAS
INTERNATIONAL TRADE
PETR
O-C
HEMICAL
OFFI
CE
MANUFACTURI
NG
WHERE LAND MEETS OPPORTUNITYLa Porte, Texas
RET
AIL
& RE
STAURANT DEVELOPMEN
T
O
IL & GAS
INTERNATIONAL TRADE
PETR
O-C
HEMICAL
OFFI
CE
MANUFACTURI
NG
May 2014
In this issue: LaPorte Holds Promise for Retailers
REDNews Interviews MIMCO, Inc
Retail Development & Rightsizing
Take Off Your Rose Colored GlassesFOR 100,000+ CRE BROKERS, INVESTORS & DEVELOPERS
Texas Building Resource Guide Edition
Property OverviewCo4Tenants includex Pizza Hut5 HFR Block5 Metro PCS5 and many others
Traffic Count of v95.89g per day at the intersection of Bissonnet Street and Fondren RoadNational Health Club Anchor 4 COMING SOON,
v98. Demographics 8 Mile . Mile $ MilePopulation vv5.98 vI85j9v $vj58@vNumber of HHs @5IE9 w$58jv v9v5@IEAvg6 HH Income +$v59.@ +$j5vj9 +@958@9
For Leasing InformationJennifer Rabon@8.6$wj6vjjIjrabon@hi4reit6com
Danny Morales, CCIM@8.6$wj6vjw@dmorales@hi4reit6com
www6HI4REIT6comvE9E Hillcroft Houston5 Texas @@9$@
j5.v$ SFSPACE
8858@9 SFSPACE
HEALTHCLUB
bissonnet
fond
ren
j5.v$ SF and 8858@9 SFFondren Road Plaza @9Iv4@9Ew Bissonnet Houston5 Texas @@9@I
JUNIOR ANCHOR SPACE AVAILABLE
La Gran Plaza4200 South Freeway, Fort Worth, Texas
GLA:
Property Type:
Sq. Ft. Offered:
Parking:
Visibility:
Daytime Population: 4,096
National and other tenants include:Burlington Coat Factory, Everest College,Cinema Latino, Ross Dress for Less
Anna’s Linens, Claires, Foot Action, Fiesta Grocery Over 3,000 retailers, restaurants, and office occupations
in the area 15 minutes to downtown Fort Worth and CBD
On the “T” bus line Fort Worth named one of “America’s Most Livable
Communities" Fort Worth 9th safest city in the United States 16th Largest city in the US Weekend and family entertainment 125,000 sf Mercado Food Court and on-site dining options Kids' Play area Located off I-35W between I-20 and I-30 Traffic Counts: 27,412 VPD
1,077,782 sf
Super Regional Shopping Center
193 - 49,800 Contiguous RSF
4,000 spaces
Interstate 35W
properTy deScripTion
AmeniTieS And AreA inFo
2013 Est.
Total Pop.
Households
Avg. HH Inc.
Hispanic
African Am.
Asian
White
3 Mi.
105,602
32,704
$31,168
57.42%
15.72%
2.75%
22.8%
5 Mi.
265,396
90,829
$35,359
45.09%
23.58%
2.23%
27.53%
10 Mi.
762,720
276,357
$42,973
36.82%
18.19%
2.69%
40.39%
www.BoxerRetail.com
Rhonda Thompson, CCIM | 817-922-8888
Rhonda.Thompson@BoxerRetail.com
4 R E D N e w s . c o m
Tab
le o
f Con
ten
ts
Properties For Sale/Lease 1-2, 5, 7 – 9, 11, 15, 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 49, 52
Commercial ServicesEnvironmental Services 38
Moving & Relocation 49
What’s Happening in Texas CRECalendar of Events 40, 42, 44
Networking Photos 41, 43, 45
Deals & Announcements 46-48
The Gateway City: LaPorte, Texas Holds Promise for Retailers 10
REDNews Interviews MIMCO, Inc 12, 13
Texas Building Resource Guide 14, 16, 18, 20, 22, 24,26, 28,30
Retail Development eCommerce & Rightsizing 32
Mr. Developer and Mr. Banker: Take Off Your Rose Colored Glasses 34
Your Website is Like Your Car 50
PlazAmericasShopping Center7500 Bellaire BoulevardHouston, Texas
Located in Houston, TX, the 4th largest city in the US PlazAmericas offers over 100 stores
National and other tenants include:Melrose, Burlington Coat Factory, Footlocker, Foot Action, Journey’s
263,000 VPD on US Highway 59 North of Bellaire and 261,000 South of Bellaire Weekend Family Entertainment 83,000 SF Mercado Food Court and on-site dining options Kids' Play area Located between the Westpark Tollway and US 59
GLA: 637,796 sf Property Type: Regional Shopping Center Sq. Ft. Offered: 608 - 63,880 Contiguous RSF Parking: 6,000 spaces Visibility: Hwy. 59 frontage Daytime Population: 14,838
properTy descripTion
AmeniTies And AreA info
2013 Est.
Total Pop.
Households
Avg. HH Inc.
Hispanic
African Am.
Asian
White
3 Mi.
255,982
97,740
$51,041
56.73%
15.77%
9.90%
17.27%
5 Mi.
557,961
221,524
$75,741
42.33%
18.43%
10.17%
27.37%
10 Mi.
1,494,407
586,562
$80,169
36.00%
21.13%
11.28%
29.78%
www.BoxerRetail.com
Rhonda Thompson, CCIM | 713-777-1111
Rhonda.Thompson@BoxerRetail.com
6 R E D N e w s . c o m
Dear Readers,
This issue should find many of you retail brokers at RECON Las Vegas. I hope you’re having much success making a lot of deals and wearing comfortable shoes.
We are always striving to improve the editorial content in REDNews and consistently ask readers for information that is of the most interest to them. Several developers mentioned how helpful it would be to have a “Texas Building Resource Guide” that detailed each city’s specifications, pricing and timing for getting a project approved for construction. It has proven to be a daunting task and is a work in progress. However, you’ll find the bare bones information in this issue, ie., contact information for many of Texas’ city planning/development departments. We will continue to expand and embellish the information with more details online at www.REDNews.com/guide. We also plan to print the comprehensive Texas Building Resource Guide in the November 2014 Texas RECON printed issue.
We welcome Chris King to REDNews as our Digital Engagement Director. Although Chris is new to commercial real estate, he has extensive experience in web development and digital/social media marketing. Since one of the big retail debates today relates to eCommerce and its long term effect on the size of storefronts, we asked Chris to give us a consumer perspective on eCommerce which you can read on Page 32. I spoke with Bob Ayoub and Troy Marcus with MIMCO, Inc. regarding retail development and investment and asked Bob his opinion on whether retail tenants are shrinking the size of their floor plates due to eCommerce. Bob sees the retailer’s advantage of capitalizing on eCommerce though downsizing to smaller floor plates while increasing their market presence with more locations. (See pages 12 & 13).
Have a fabulous Memorial Day Weekend!
Ginger Wheless
Pu
blis
her
’s L
ette
r
PUBLISHER
Ginger Wheless ginger@rednews.com
EDITOR Marjorie Gohmert marjorie@rednews.com
STAFF WRITER Janis Arnold
CONTRIBUTING WRITERS Ray Hankamer rhankamer@gmail.com
Austin - Jill Rowe San Antonio - Kim Gatley
ART DIRECTOR Connie Marmolejo - connie@rednews.com
ACCOUNTING Benton Mahaffey accounting@rednews.com
E-MARKETING/DATABASE MANAGER Jason Marshall jason@rednews.com
DIGITAL ENGAGEMENT DIRECTOR Chris King chris@rednews.com
SALESGinger Wheless ginger@rednews.com
Print & Digital DistributionREDNews is directly mailed each month to commercial real estate
brokers, investors & developers in the following cities /areas as well as 200+ locations throughout Texas:
Texas Brokers 7,650Texas Leasing / Tenant Rep 6,232
Texas Investors 4,979Texas Developers 4,710
Outside Texas Investors, Brokers, Developers, etc 81,577Total REDNews Distribution 105,148
REDNews Has Gone Green Using Recycled Content
To subscribe to REDNews call 713.661.6300 or log on to www.REDNews.com/free
5959 West Loop South, Suite 135Bellaire, Texas 77401
F O R 1 0 0 , 0 0 0 + C R E B R O K E R S , I N V E S T O R S & D E V E L O P E R S
www.LandParkCommercial.com | 713-789-2200
Bill McGrath, CCIM bmcgrath@landparkcommercial.com
Ric Hollandrholland@landparkcommercial.com
• 2 Miles West of Beltway 8 on Westheimer
• Covered/Surface Parking
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• Local Stable Ownership
• Single Offices–11,500 SF Available
2550 Gray Falls - Single Offices to 11,500 SF Available
GREAT OFFICE SPACE FOR LEASE!
8300 Bissonnet - Top Floor & Building Identity Available• $1.5 Million in Renovations! • Corner of Gessner & Bissonnet• Easy access to US 59 & Sam Houston Tollway• 24 Hour Controlled Access• On-Site Deli Space Available• Across from Braeburn Country Club • Excellent Parking• Single Offices to Full Floor Available• Building Identity Available
BraeburnCountry Club
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NOW LEASING | 8313 Southwest Freeway
Up to 25K Open Concept Space Ideal For School/Engineering FirmsVisit the new Center website for all the amenities, photos and floor plans! www.thecenterbuildings.com
Kris Lilly| klilly@tarantino.com | 713-772-6633
Personalized Service. Proven Results.
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256 N. Sam Houston Pkwy Airport Office Building | For Sale or Lease
256 N. Sam Houston Pkwy, Houston, TX• 10,000 – 30,000 SF Available• Located just 15 Minutes from IAH• Building Signage Available• Gernerous Building Allowance• Competitive Rates & Terms
8031 Airport Boulevard, Houston, TX • Excellent Owner/User Purchase Opportunity• Full Building Available – 33,854 SF• Across From Hobby Airport• Great Location – Perfect Combination of Local Access
and Global Reach• Building Identity Available
Eric Ohlson | eohlson@tarantino.com Peggy Rougeou | peggy@tarantino.com
De Zavala
12770 Cimarron PathSan Antonio, TX 78249• 3,000 – 10,000 SF, Flex Office & Biomedical Space Available
• Climate Controlled Warehouse
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• Northwest Location with Easy Access to I-10 & 1604
Brownstone Office Condominiums
16110 Kuykendahl RdHouston, TX 77069 | $1M• 5.393 Acres of Land in North Houston with
Improvements & 5 Office Buildings Totaling Over 20,000 SF
Larry Vickers | larry@tarantino.comConi Jenkins| cjenkins@tarantino.com
Corporate Office:7887 San Felipe, #237Houston, TX 77063(713) 974-4292
San Antonio Office:12770 Cimarron Path St. 122San Antonio, TX 78249(210) 212-6222
Austin Office:502 East 11th Street, #400Austin, TX 78701(512) 302-4500
Personalized Service. Proven Results.
www.tarantino.com
2305-2339 Bingle Road Houston, TX 77055• 1,200 – 8,976 SF Retail Space Available
• Pylon Signage Available
• Extensive Parking
• Landlord will Build to Suit for Credit Tenant
Angleton Four Corners Shopping Center
1804 N Velasco StreetAngleton, TX 77515• 2,137 – 18,238 SF Available• Center is Located Across the Street From Wal-Mart• Pylon Signage Available• Traffic Count Exceeds 13,000 Cars Per Day• Retail Center Remodeled in 2014
Eric Drymalla | edrymalla@tarantino.com Peggy Rougeou | peggy@tarantino.com
Bingle Village Shopping Center
1 0 R E D N e w s . c o m
for more information contact:scott d. livingston, 281-470-5016, livingstons@laportetx.gov
1 2 R E D N e w s . c o m
Bob Ayoub and Troy Marcus of MIMCO, Inc. talk about their company and give their take on retail investment and the develop-ment market in today’s Texas real estate.Tell me about your company and how it was started.
Bob: The company was started in 1972 by Morris Marcus as a grocery busi-ness based in El Paso, Tex-as. It was originally operat-ed as a family-run grocery business, which grew to include small retail proper-ties. When Mr. Marcus had a heart attack he decided to sell the grocery business and focus on his real estate
investments. His sons, Meyer and Clement Marcus worked with him in the business and continued to buy small commercial properties in El Paso. Over the past 42 years, the company has grown to in-clude over 320 properties located in El Paso, Aus-tin, Dallas, San Antonio, McAllen, Fredericksburg, Brownsville, Hidalgo and Pharr, Texas as well as several holdings in Southern New Mexico.
Bob, when did you join the company?
Bob: As a commercial real estate broker I started selling El Paso real estate to Meyer & Clement around 1978 or 1979. We had family history to-gether and were good friends so after brokering properties to them for many years I came on with the company in 1992. When I started here, the company included Meyer and Clement, myself, an assistant and a couple of property manage-ment people; today we have about 35 people in the office.
Troy, what is your background with the com-pany?
Troy: By definition I became a full-time employee of MIMCO three years ago, but grew up interning in and around the company, much like my uncle and father. It was instilled in me at a very young age the responsibility of working for the family business and I was fortunate to grow up driving sites with my grandfather, father, and uncle. After spending some time working in private equity real estate in Dallas, the opportunity came up to move
to Austin and expand MIMCO’s presence outside of El Paso.
Is the company still focused primarily on His-panic markets?
Bob: A lot of our tenants are focused on Hispanic retail, but the reality is our shopping centers are in neighborhoods that cater to just about every-one, particularly in the Central and North Texas markets.
Troy: It made sense that we, having been estab-lished in El Paso, which at the time was about 70% Hispanic (today it’s closer to 84%) become focused on catering to Hispanic markets and value-orient-ed tenants.
We have found that we are able to add the most value to a real estate project by improving properties that were previously misman-
aged or neglected, as well as relying on the strong ties that we have developed with value-oriented tenants, bringing them into these newly improved spaces. This includes tenants such as Melrose, Pe-ter Piper Pizza, Big Lots, dd’s, Ross Dress for Less, Goodwill, Dollar Stores and then, of course, your local and regional grocery stores that focus on providing high quality food at low prices. An ex-ample of a recent deal is in Fredericksburg, which is only 15% Hispanic, but the shopping center was focused around demographics and tenants that we’re very comfortable with (Bealls, Dollar Tree, Goodwill, and AT&T.) We’ve done the same in parts of East Dallas, Austin, and San Antonio.
So your expansion stategy is focused on demo-graphics & value add?
Bob: Yes. The markets that we look at primarily are Hispanic focused markets, but basically we’re looking for value. We love to renovate shopping centers. We love to take an old beat-up shopping center, clean it up, fix it up and re-tenant it. As a result we’re looking at markets where those prod-ucts are available.
If a neighborhood is stable and national retailers
start expanding into the area we tend to tag on to those retailers and look for value-add centers in that neighborhood.
Are you coming out of the downturn that was experienced by the majority of the CRE market?
Bob: Because we’ve built value-oriented shop-ping centers and had value retail tenants in a lot of our centers during the downturn, our centers and tenants were able to weather the downturn pretty well.
I can tell you the biggest change for us has been that we’re looking at bigger projects and at mar-kets that we never would have looked at before. We would not have looked in Austin & Dallas 10 years ago, and now we are. With the relationships we have established across the state and having Troy in Austin to work in the North and Central Tex-as markets, we’re much more comfortable in those markets and going after much bigger projects.
Has the criteria for your retail acquisitions & retail development been influenced by Eagle Ford Shale?
Bob: The markets that we’re in haven’t seen the huge spike as a result of that. We’re not in Midland or Odessa and we’re not in the areas just south of San Antonio. We think we feel it, because we think a lot of the neighborhoods we are in are seeing their income levels move up, and the centers are staying full, and very busy. We have a sense that there are good things going on in all the markets in Texas and I think that’s related to, basically, the oil boom across the State of Texas.
REDNews Interviews MIMCO, Inc.
Bob Ayoub
Troy Marcus
You have to have management relationships or management staff in the markets that you’re going to operate in so that the centers are run efficiently and you are able to maximize their performance. - Bob Ayoub
R E D N e w s . c o m 1 3
Troy: I would say there have been two indirect re-sults that have had a huge impact on real estate in Texas. The first is the cost of construction. Given that oilfield jobs pay so well, a lot of traditional construction workers are moving into South Texas to work the Eagle Ford or moving out West to work in the Panhandle, so that shrinking labor pool is pushing labor rates and the cost of fuel and other factors are pushing material costs so as a result you have seen construction costs go up signifi-cantly .
We’ve also seen a lot of wealth created as a result of this oil boom, and this money is looking for tan-gible assets, like real estate, to invest in. Conse-quently, there is more competition in what we’re trying to buy, driving prices up in all our markets.
Do you think at some point properties are go-ing to be priced outside of the market in Texas?
Bob: Not really, I think people have a lot more op-portunities to look across the state and even across the country to find product; factors driving the markets are the availability of funds, and as long as rates are cheap and banks aren’t paying anything on CDs, people are going to be looking for alter-native investments. One of our key advantages in terms of buying and owning shopping centers is our focus on managing the product. You have to have management relationships or management staff in the markets that you’re going to operate in so that the centers are run efficiently and you are able to maximize their performance. Since we have those relationships and staffing we are able
to be aggressive in buying centers.
I do think investors will be looking around for the best places to invest. We are always looking, too, but now if we see something in El Paso, San An-tonio, Dallas, or Austin, and we know the market, and the neighborhood, we have to decide if we’re going to pay a little bit more and buy it or not. Right now there is so much competition you have to pay the price or you don’t buy.
Troy: Bob and I recently discussed a report which stated that multi-tenant retail in 2013 traded at an average cap rate 43 basis points lower than the year prior. This is interesting because in that same year we saw the 10-year treasury jump 120 basis points from 1.86% at the start of 2013 to over 3% at year-end. While not perfectly, but generally, cap rates and the 10-year treasury track each other, but this was far from the case in 2013. I believe that this 160 basis point compression in spread does a good job depicting the increase in competition in Texas real estate. Following the recession, Texas received more attention (and in turn, capital) on the national and international level than in years past, and this has driven prices up. While there is still a market out there, I do feel that the presence of out-of-state buyers is grow-ing, and their willingness to settle for lower returns is forcing us to work harder and find new ways to add value to our centers and our tenants.
Has this motivated you toward more develop-ment?
Bob: The problem with that is, you have to have the tenants ready to follow the development. Currently we’re developing two new centers in El Paso. We’re renovating in Austin, Dallas, and McAl-len and whenever there is an opportunity to buy land that we can hold for a while we also do that. But development isn’t easy and timing is criti-cal- you have to have the demand, the location, and the tenants, all in sync and ready to go at the same time, along with the capital and the fi-nancing, to make the project work- it’s the most exciting and demanding part of the business.
Troy: Given the increased competition, and in turn lower spreads, that we alluded to earlier, we are having to move up the risk-curve toward de-velopment deals to achieve the yields that we had in years past.
Bob: I don’t see interest rates going anywhere for a while. As long as the rates are going to stay low, even though construction costs are going up, ten-ants continuing to pressure developers on lease rates, and retailers changing their models and for-mats and store layouts (as they compete with the internet), there are a lot of people with the ability to borrow money who are going to build and de-velop new product to bring onto the market.
Look at what’s happening with Dodd-Frank and the pressure on the banks to get out of other forms of investments to get back to basic lend-ing. The more banks that are back in basic lending, which includes real estate lending, the more com-petition there is for loans, the more pressure there is on rates. That’s what we’re seeing. The banks are getting more and more aggressive on lending on real estate product and it’s because they’re being pushed away from their other financial products,
so when they start doing that, the competition pushes the rates down, and that is why we don’t believe interest rates will rise much and develop-ment is sure to continue.
Are you seeing your retail tenants reduce the size of their floor plates because of the inter-net?
Bob: I don’t know if that’s true or not, but I can tell you that Best Buy has unveiled smaller formats, and several soft goods retailers that we work with are talking about shrinking their format. I don’t know if they’re shrinking it solely because of the internet. They may have learned to be more ef-ficient, their product may be smaller (example: televisions), or it may be because internet sales are encroaching on their in-store sales.
Others like Wal-Mart are looking at smaller format stores because they want to compete with the Dollar stores so they are rolling out their 30,000 or 40,000square -foot stores and they’re even talking about smaller stores like 6000-15,000 sf to be able to fit in big city and infill locations. The internet is a factor, but retail is changing, so the internet is not the only factor.
What is the prediction for Texas retail in the next five – ten years?
Bob: Solid growth across the state. We’re continu-ing to attract business to Texas. We’re continuing to attract new jobs, with new people moving in at an incredible rate. I think we’re going to continue to see residential construction growth and apart-ment construction increasing, both as the result of the large growth of jobs. This will also drive office construction and the need for new industrial. But it is when residential construction goes up that there is an increase in the demand for retail and thus there will be retail construction and that in it-self creates jobs. We are extremely positive on the entire Texas market. There is just nothing that I can see on the horizon that is going to be a downside for Texas.
1 4 R E D N e w s . c o m
Texas Building Resource Guide
*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.
A
Allen Kurt Kasson Chief Building Official 214-509-4131 kkasson@cityofallen.org www.cityofallen.org
Amarillo Scott McDonald, CBO Building Official 806-378-3045 scott.mcdonald@amarillo.gov www.amarillo.gov
Angleton Karen Barclay Building Services Dept Director 979-848-5680 kbarclay@angleton.tx.us www.angleton.tx.us
Arlington Steve Quirk Operations Analyst 817-459-6501 steve.quirk@arlingtontx.gov www. arlingtontx.gov
Athens Gary Crecelius Dir Planning & Development 903-675-5131 planning@athenstexas.us www.athenstx.org
Athens Michael Climer Building Inspector 903-675-5131 planning@athenstexas.us www.athenstx.org
Austin Candy Coward Planning & Development Review Department 512- 978-4000 permitcenter@austintexas.gov www.austintexas.gov
Azle Greg Mitchell Chief Building Inspector 817-444-7084 gmitchell@ci.azle.tx.us www.cityofazle.org
B
Bastrop Melissa McCollum Planning and Development Director 512-332-8840 mmccollum@cityofbastrop.org www.cityofbastrop.org
Bay City Marty Godley Code Enforcement Officer 979-245-0997 buildingdept@cityofbaycity.org www.cityofbaycity.org
Beaumont Chris Boone Community Development 409-880-3767 311@ci.beaumont.tx.us beaumonttexas.gov
Bedford Russell Hines Building Official 817-952-2140 russell.hines@bedfordtx.gov www.bedford.tx.gov
TEXAS BUILDING RESOURCE GUIDEGetting Building Projects Permitted and Complete
Belton Erin Newcomer Planning Director 254-933-5812 enewcomer@beltontexas.gov www.beltontexas.gov
Benbrook Ismael ‘Izzy’ Rivera Jr. Chief Building Official 817-249-6009 irivera@benbrook-tx.gov www.ci.benbrook.tx.us Site Development Permit Cost: $100-$300 Building Permit ETA: 30-60 Days Site Development Permit ETA: 39-90 days Building Permit Cost: Over $901 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes
Big Spring Leslie Whitten Code Enforcement Staff 432-264-2504 lwhitten@mybigspring.com www.mybigspring.com
Bonham Jason Smith City Inspector 903-583-7555 bldgcode@cableone.net www.cobon.net Site Development Permit ETA: 30-90 days Building Permit Cost: Over $100-$300 Development Incentives: Yes
*The following directory is your guide to reaching the right contacts for regional project permitting in Texas. When provided, permit cost/timeframe is included. Look to
REDNews.com/guide for an updated digital version of this guide and a directory of regional EDCs.
Allen thru Bonham
continued on page 16
RETAIL SPACE AVAILABLE• Currently negotiating with national tenants to occupy an additional 90,000 SF.
• Ability to relocate existing tenants to create space to fit your needs (from 800 SF – 100,000 SF).
• JR anchor spaces available with I-45 frontage / exterior entrances / individualized facades.
• Existing national tenants include: Macy’s, Palais Royal, Burlington Coat Factory, DD’s Discounts, Footlocker, Bath & Body Works, Lerner New York, Champs, Gordon’s, Journey’s, Vitamin World, & GNC.
COMPLETED REDEVELOPMENT• New mall entrances
• New pylon with electronic message board
• $20 million remodeled Macy’s
• New Burlington Coat Factory, DD’s Discounts, Ojos Locos Restaurant
2014 REDEVELOPMENT PLANS• $6 Million remodel/remerchandising
• New individualized exterior tenant facades
• New interior flooring & lighting
• Redesigned center court & food court
• Improved exterior parking lot, lighting & landscaping
DOWNTOWN
ALMEDA MALL
SCHEDULE A MEETING WITH US AT ICSC TO DISCUSS YOUR FUTURE AT ALMEDA MALL:
AMANDA K. FOX OR ASHLEY B. PACETTI713.622.2007
AMANDA@FOX-PROPERTIES.NET • ASHLEY@FOX-PROPERTIES.NET
ALMEDA MALL12200 GULF FREEWAY
HOUSTON, TEXAS 77075(I-45S AT ALMEDA GENOA RD.)
1 6 R E D N e w s . c o m
Texas Building Resource Guide
*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.
Borger Kenneth Petr Director Planning & Zoning 806-273-0910 kpetr@ci.borger.tx.us ci.borger.tx.us
Brenham Allen Jacobs Building Official 979-337-7220 ajacobs@cityofbrenham.org www.cityofbrenham.org
Brownsville Evaristo Gamez, Jr. Permitting Director 956-548-6088 egamez@cob.us www. cob.us
Brownwood Joe Roady Building Official 325-646-5775 jroady@ci.brownwood.tx.us www.ci.brownwood.tx.us
Bryan Greg Cox Chief Building Inspector 979-209-5010 cmckinzie@bryantx.gov www.bryantx.gov
Buda Chance Sparks Director of Planning 512-312-0084 NDykes@ci.buda.tx.us ci.buda.tx.us
Buffalo Michael Hahn Customer Service Inspector 903-322-4741 www.buffalotex.com
Burkburnett Charlie Morris Chief Building Inspector 940-569-2263 cmorris@burkburnett.org www.burkburnett.org
Burleson Terre Diduch Building Inspector 817-426-9632 tdiduch@burlesontx.com www.burlesontx.com
Burnet John Goble Building Official & City Inspector 512-715-3216 jgoble@cityofburnet.com www.cityofburnet.com
C
Carrollton Ray Jackson Building Inspector 972-466-3217 ray.jackson@cityofcarrollton.com www.cityofcarrollton.com
Cedar Park Amy Link Planning Manager 512-401-5056 amy.link@cedarparktexas.gov www.Cedarparktexas.gov
Cibolo Joe Williams Senior Building Inspector 210-658-4175 jwilliams@cibolotx.gov www.cibolotx.gov
College Station Bridgette George Development Coordinator 979-764-3570 bgeorge@cstx.gov www.Cstx.gov
Colleyville Kim Roby Code Enforcement Officer 817-503-1269 kroby@colleyville.com www.olleyville.com
Borger thru Colleyville
continued on page 18
FEATURES •14,669SFofOffice/Flex
-11,699SFofClassAoffice -2,970SFWarehouse
•2,970SFWarehouse•VisibilityfromSamHoustonParkway•Buildingandmonumentsignage•Professionallyownedandmanaged•31privateoffices•3conferencerooms•2breakrooms•Multipleworkcenters
Call For Pricing
For Sublease | 14,669 SF5353 W. Sam Houston Parkway, Suite 150, Houston, TX 77041
713.690.0000CaldwellCos.com
Office For Sale | +/- 2,900 SF of Office Space on a 12,500 SF Site1011 Sabine Drive, Houston, TX 77007
For more information, contactRon Roberson, CCIM, SIOR Andrew ArmourOffice:281.664.6640 Office:281.664.6614Email:RRoberson@CaldwellCos.com Email:AArmour@CaldwellCos.com
FEATURES •Approximately2,900SFOfficespaceona12,500SFsite
•Officeconversionofa2-storySixthWardhome
•5privateofficesand6parkingspaces•Beautifulwoodwork,crownmolding, glazingandfireplaces
•Fencedwithautomaticgateaccess•HighlydesiredWashingtonAvenuecorridoraddresswithdowntownviews
•5minutesfromCentralBusinessDistrictandCityofHoustonMunicipalCourt
•Excellentpropertyforaprofessionalfirm
Price: $720,000
1 8 R E D N e w s . c o m
Texas Building Resource Guide
*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.
Colorado City Rick Goodney Code Enforcement Officer 325-728-5252 code@cityofcoloradocity.org www.cityofcoloradocity.org
Conroe Michael Kirkwood Chief Building Official 936-522-3115 permits@cityofconroe.org www.cityofconroe.org
Converse Gilbert Durant Chief Building Official 210-658-8285 gdurant@conversetx.net www.conversetx.net
Coppell Michael Arellano Chief Building Official 972-304-3506 marellano@coppelltx.gov www.coppelltx.gov
Copperas Cove Chris Stewart Planning Services 254-547-4221 bsmith@copperascovetx.gov ci.copperas-cove.tx.us
Corinth Fred Gibbs Director of Planning and Development 940-498-3200 planninganddevelopment@cityofcorinth.com www.cityofcorinth.com
Crockett John Erickson Code Enforcement 936-544-5156 ex 207 www.crocketttexas.org
D
Dallas Jim O’Neill (NE), Joel Cruce (NW) ,Cary Pritchett (SE) David Session (SW) Building Inspection permit center 214-948-4480 bicommercial@dallascityhall.com www.dallascityhall.com
Decater Dedra Denee Ragland, AICP Director Planning and Development 940-393-0250 Development/planning/code documents available at City’s Website www.Decaturtx.org
Denison Betty Floyd Building Department 903-465-2720 bfloyd@cityofdenison.com www.cityofdenison.com
Denton Zac Loiselle, C.B.O. Building Inspection Supervisor 940-349-8359 zackery.loiselle@cityofdenton.com www.cityofdenton.com
Deer Park Larry Brotherton Building Inspector 281-478-7237 lbrotherton@deerparktx.org www.deerparktx.gov
Del Rio Janice Pokrant City Planner 830-774-8524 jpokrant@cityofdelrio.com www.cityofdelrio.com
DeSoto Edlyn Vatthauer Planning and Zoning Manager 972-230-9624 jthompson@ci.desoto.tx.us ci.desoto.tx.us
Dickinson R.G. Reeder Planning/Zoning Commission 281-337-2489 Kevin Byal, building Inspector ci.dickinson.tx.us kbyal@ci.dickinson.tx.us
Duncanville Dennis Jobe Building Inspector 972-780-4940 djobe@ci.duncanville.tx.us ci.duncanville.tx.us
Located on Loop 1604, the City of Converse has easy access to IH 35, IH 10 & San Antonio. We are an ideal city for living, shopping & business with proposed development sites for
Commercial & Industrial • Residential & Multi-Family • Entertainment & Recreation • InstitutionalTax abatements and incentives are being offered to qualifying business.
ConverseEDC.com • 210.659.9163
ROOM TO GROW
WE’RE GROWING PLACES
city of converse
Economic Deve lopment Corporat ion
City of Converse 2013 Municipal Leadership Award from Build San Antonio GreenCity of Converse EDC 2013 City of San Antonio Green Practitioner Award
Division 7 Solutions, Inc. HQ in Converse 2012 Technical Contributions Award from Build San Antonio Green
Colorado City thru Duncanville
continued on page 20
R E D N e w s . c o m 1 9
Retail for Lease
Property Information: Located in Southwest Houston at the intersection of Chimney Rock and W. Bellfort, Houston, Harris County, TX. Major Tenants: 99¢ Store, Ace Cash Checking, Cricket, Advance Auto Parts, Dominos, South Texas Dental, Etc Demographics 1 Mile 3 Mile 5 Mile Population 15,999 156,711 436,605 Household 5,814 57,052 154,933 Avg HH Income $67,169 $65,837 $64,891 Traffic Counts 22,110 Chimney Rock North of W. Bellfort 21,540 Chimney Rock South of W. Bellfort 16,896 W. Bellfort West of Chimney Rock 31,785 W. Bellfort West of Chimney Rock Leasing Availability 2,412 - 4,050 SF 871 SF - Storage For Information: 713-681-0600 Christian Barraza Brian Ellisor christian@redoakcre.com brian@redoakcre.com
The information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner make no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.
Red Oak Commercial 10900 Northwest Freeway, Ste. 223 Houston, TX. 77092
The information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner make no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.
11 8
Suite #
Square Feet
Current Tenant
1 4,132 S. Side Tire & Auto Repair
2 1,832 Ace Cash Checking
3 1,028 Vivian Nail Spa
4 4,050 Available
5 4.050 Happy Washateria
6 1,635 Liquor Store
7 871 Available - Storage
8 30,655 99¢ Store
9 2,250 The Sameritian Furniture
10 8,821 Advance Auto Parts
11 520 Reyes Homes Insurance
12 850 Kim’s Barber Shop
13 2,214 TitleMax
14 2,941 South Texas Dental
15 1,340 Domino’s
For Information: Christian Barraza Brian Ellisor 713-681-0600 christian@redoakcre.com brian@redoakcre.com
Will sub-divide to 2,412 s.f.
Westbury Triangle11330 Chimney Rock, Houston TX 77035
Will Sub-Divide4,050 SF
c
Parkview West3421-3513 Spencer Hwy, Pasadena, TX 77504
Property Information: Located 2 miles west of the E. Sam Houston Tollway / E. Beltway 8, on Spencer Highway at the lighted intersection of Blueberry Ln. The Shopping Center offers high exposure and visibly from Spencer HWY and is surrounded by densely populated neighbors with close proximity to Bayshore Medi-cal Center. Major Tenants: Family Dollar, Radio Shack, Cici’s Pizza, Partners Sales & Leasing, H&R Block, Boot Mobile, Beltone, etc. Demographics 1 Mile 3 Mile 5 Mile Population 15,387 149,432 286,535 Household 5,991 48,636 94,399 Avg HH Income $50,253 $55,486 $58,832 Traffic Counts
30,050 Spencer Hwy West of Blueberry Ln. 35,570 Spencer Hwy East of Blueberry Ln.
Leasing Availability 1,244 to 2,610 SF 3,136 Restaurant Space For Information: 713-681-0600 Christian Barraza Brian Ellisor christian@redoakcre.com brian@redoakcre.com
The information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner make no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.
Red Oak Commercial 10900 Northwest Freeway, Ste. 223 Houston, TX. 77092
For Information: Christian Barraza Brian Ellisor
The information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.
713-681-0600 christian@redoakcre.com brian@redoakcre.com
2,45
0
3,136 s.f.
Texa
s P
rintin
g
Foot
Mas
sage
Available2,450 SF Restaurant
Space Available3,136 SF
Available1,611 SF
Available1,244 SF
Dew
ber
ry L
ane
Blu
eberry
Lane
Spencer Highway
c
Available2,610 SF
Woodforest Shopping Center421-474 Uvalde Rd & Woodforest Blvd, Houston TX 77015
For Information: Christian Barraza Brian Ellisor brian@redoakcre.com christian@redoakcre.com
The information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.
713-681-0600
TitleMax
Met
ro P
CS
Avai
labl
e 23
00sf
QW
Wor
ld
Party
Sup
ply
Available 4,400 s.f. End Cap
Will Sub-Divide 1,000 - 5,000 s.f.
c
Available1,200 SFAvailable
1,000 SF
Will Sub-Divide1,000-5,000 SF
Property Information: Located in the SE corner of Uvalde Rd. and Wood Forest Blvd. Houston, Harris County, TX 77015 Tenants: DD’s Discounts, Palais Royal, CiCi’s Pizza, Advance Auto Parts, Rainbow Shop, LNA Beauty Supply, QW World Party Supply, Tittle Max. Demographics 1 Mile 3 Mile 5 Mile Population 24,935 102,051 157,163 Household 8,706 31,395 47,842 Avg HH Income $61,860 $59,335 $58,162 Med HH Income $53,373 $52,332 $51,876 Traffic Counts
25,380 Uvalde South of Woodforest 21,390 Uvalde North of Woodforest 18,510 Woodforest West of Uvalde 19,423 Woodforest East of Uvalde Leasing Availability 1,000 SF - 5,000 SF For Information: 713-681-0600
Christian Barraza Brian Ellisor
The information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.
Red Oak Commercial 10900 Northwest Freeway, Ste. 223 Houston, TX. 77092
North Shore High School
Available1,800 SF
Available1,800 SFAvailable
4,400 SF End Cap
Chimney Rock Central5700 Chimney Rock, Houston TX 77081
5708
Cricket Mobile
A-Best Ins
3,300
5708
Available3,300 SF
Will Sub-Divide
Chimney Rock
Property Information: Located south of West Park Tollway, in the SE corner of Chimney Rock and Glenmont, Houston, Harris County, TX. Major Tenants: La Michoacána Meat Market, Kinder-world Daycare, Hunan King Restaurant, Insurance Office, Family Medical Center. Demographics 1 Mile 3 Mile 5 Mile Population 45,511 217,358 497,829 Household 16,004 95,190 215,223 Avg HH Income $48,588 $82,542 $83,016 Traffic Counts 39,560 Chimney Rock North of Glenmont 18,700 Chimney Rock South of Glenmont 6,780 Glenmont West of Chimney Rock 5,020 Glenmont East of Chimney Rock Leasing Availability: 3,300 S.F. For Information: 713-681-0600 Christian Barraza Brian Ellisor christian@redoakcre.com brian@redoakcre.com
We obtained the information contained herein from sources we believe to be reliable. However, neither the Broker nor Owner have verified its accuracy and can make no guarantee, warranty, or representa-tion about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opin-ions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the
Red Oak Commercial 10900 Northwest Freeway, Suite 223 Houston, TX. 77092
c
Restaurant Space Available
HOUSTON
HOUSTON
HOUSTON
HOUSTON
2 0 R E D N e w s . c o m
Texas Building Resource Guide
*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.
E
Edinburg Diana Ramos Code Enforcement Division 956-383-7124 dramos@ci.edinburg.tx.us cityofedinburg.com
Elgin Gary Cooke Director Planning & Development Dept. Joe Newman Economic Development Director 512-281-0119, 512-281-5724 economic@ci.elgin.tx.us Elgintx.com
Ennis Mark Richarson Chief Building Official 972-878-1234 mrichardson@ennispublicsafety.net ennis-texas.com
Euless Mike Collins Director of Planning & Economic Development 817-685-1623 mcollins@eulesstx.gov eulesstx.gov
F
Fairfield Jana Taylor City Secretary 903-389-2633 J_taylor@fairfieldtexas.net fairfieldtexas.com
Fairview Ken Schmidt Planning Manager 972-562-0522 KSchmidt@fairviewtexas.org fairviewtexas.org
Farmers Branch Andy Gillies, AICP Director of Planning 972-919-2534 andy.gillies@farmersbranchtx.gov farmersbranchtx.gov
Farmersville Paula Jackson Assistant to the City Manager 972-782-6151 p.jackson@farmersvilletx.com farmersvilletx.com Site Development Permit Cost: $901+ Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes
Fate Will Rugeley Dev. Services Manager, City Planner 771-4601 wrugeley@cityoffate.com cityoffate.com Site Development Permit Cost: $901+ Building Permit ETA: 30-60 Days Site Development Permit ETA: 91-120 days Building Permit Cost: Over $901 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes
Forney Rashad Jackson Planner 972-564-7386 rjackson@cityofforney.org cityofforney.org
Fort Worth Randle Harwood Director Planning & Development 817-392-6101 randle.harwood@fortworthtexas.gov Fortworthtexas.gov
Friendswood Frank Manigold Chief Building Official 281-996-3285 fwdcity@ci.friendswood.tx.us ci.friendswood.tx.us
Frisco John Lettelleir Development Services 972-292-5300 jlettelleir@friscotexas.gov ci.frisco.tx.us Site Development Permit Cost: $901+ Building Permit ETA: 30-60 Days Site Development Permit ETA: 91-120 days Building Permit Cost: Over $901 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes
G
Galveston David Ewald Building Official 409-797-3620 buildingdivision@cityofgalveston.org cityofgalveston.org
Georgetown Mike Elabarger Planning Department 512-930-3575 planning@georgetown.org georgetown.org
Gonzales Carolyn Gibson-Baros Economic Development Director 830-672-3192 cgibson@cityofgonzales.org cityofgonzales.org
Edinburd thru Gonzales
continued on page 22
FOR LEASE
MIKE FRANKOFF
713-355-4000 MIKE@CREGTEXAS.COM
WWW.CREGTEXAS.COM
23I
TE
XA
S R
ET
AIL
RETAIL LEASE
FOR LEASE
1801 DURHAM, HOUSTON, TEXAS
• Building Size: 16,431 SF• Available Space: 1,250 SF Sandwich Shop Space• Tenants: Starbucks, Sprint, Randstad, Animal Wellness Clinic (SNAP)• Demographics: 1 Mile 3 Mile 5 Mile ‘09 Est. Population 22,968 207,237 621,593 ‘09 Avg. HH Income $48,415 $52,379 $51,035• Other locations available... call 713-355-4000 or visit our website.
MIKE FRANKOFF
713-355-4000 MIKE@CREGTEXAS.COM
WWW.CREGTEXAS.COM
8301-8371 SPENCER HIGHWAY, DEER PARK, TEXAS
• Building Size: 47,479 SF• Available Space: 900 – 6,000 SF • Tenants: Subway, Dollar General, Grand Buff et, Tandy Leather, Ralston Liquor and others. • Demographics: 1 Mile 3 Mile 5 Mile ‘09 Est. Population 8,666 62,460 144,694 ‘09 Avg. HH Income $56,725 $58,868 $55,033• Other locations available... call 713-355-4000 or visit our website.
11550 GULF FREEWAY, HOUSTON, TEXAS
• Building Size: 12,021 SF• Available Space: 2,315 SF• Tenants: Nautica Tan, Th e Fish Place Restaurant, Smoothie Factory and others. • Demographics: 1 Mile 3 Mile 5 Mile ‘09 Est. Population 12,421 100,518 247,462 ‘09 Avg. HH Income $35,871 $39,013 $40,197• Other locations available... call 713-355-4000 or visit our website.
• Building Size: 47,479 SF• Available Space: 900 – 6,000 SF• Tenants: Subway, Dollar General, Grand Buffet,
Tandy Leather, Ralston Liquor and others.• Demographics: 1 Mile 3 Mile 5 Mile
’12 Est. Population 14,520 80,272 162,094 ’12 Avg. HH Income $66,212 $84,501 $81,207
• Other locations available…call (713) 355-4000 or visit our website.
• Building Size: 16,431 SF• Available Space: 1,755 SF & 2,000 SF• Tenants: Starbucks, Animal Wellness Clinic (SNAP),
Edible Arrangements and others.• Demographics: 1 Mile 3 Mile 5 Mile
’12 Est. Population 18,621 135,156 403,650 ’12 Avg. HH Income $115,006 $104,498 $95,891
• Other locations available…call (713) 355-4000 or visit our website.
• Building Size: 12,021 SF• Available Space: 2,240 SF• Tenants: TitleMax, The Fish Place Restaurant,
Smoothie Factory, Doctor’s Office and others. • Demographics: 1 Mile 3 Mile 5 Mile
’12 Est. Population 19,181 119,296 289,592 ’12 Avg. HH Income $45,819 $56,144 $56,693
• Other locations available…call (713) 355-4000 or visit our website.
8301-8371 Spencer Highway, Deer Park, Texas
1801 Durham, Houston, Texas
11550 Gulf Freeway, Houston, Texas
2 2 R E D N e w s . c o m
Texas Building Resource Guide
*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.
Granbury Jason Vandever Chief Building Inspector 817-573-1114 jvandever@granbury.org granbury.org
Grand Prairie Bill Crolley Director Planning and Development 972-237-8230 aellis@gptx.org gptx.org
Grand Saline Mary Martin Grand Saline Economic Development 903-962-5631 edb@grandsaline.com grandsaline.com
Grapevine Ron Stombaugh Assistant Director Development Services 817-410-3155 rons@grapevinetexas.gov grapevinetexas.gov
Greenville Steve Methven Building Official / Code Enforcement Manager 903-457-3160 smethven@ci.greenville.tx.us ci.greenville.tx.us
H
Haltom City Justin French Dir of Planning and Community Development 817-222-7753 jfrench@haltomcity.tx.com haltomcitytx.com
Harlingen Joel Olivo Planning & Zoning Manager 956-216-5260 jolivo@myharlingen.us myharlingen.us
Justin Betsy King Building Permits 940-648-25412541 bking@cityofjustin.com cityofjustin.com
K
Katy Ray Frankum Commercial Plan Reviewer 281-391-4830 rfrankum@cityofkaty.com cityofkaty.com
Kaufman Marcy Ratcliff Director Development Services 972-932-2216 kaufmanplanning@kaufmantx.org kaufmantx.org
Keller Jeremy Booker Building Inspections & Permits 817-743-4115 developmentservices@cityofkeller.com cityofkeller.com
Kemah Bob Cummins Mayor 281-334-1611 mayorcummins@kemah-tx.com kemah-tx.com
Kilgore Carol Windham Planning Director 903-988-4138 contact@cityofkilgore.com cityofkilgore.com
Killeen Dr. Ray Shanaa Executive Director Planning and Development Services 254-501-7630 rshanaa@killeentexas.gov killeentexas.gov
Haslet David Rogers Building Official 817-439-5931 drogers@haslet.org haslet.org
Hillsboro Jerry Barker Community Development Director 254-582-2119 jbarker@hillsborotx.org hillsborotx.org
Houston Patrick Walsh, P.E. Planning & Development Department director 713-837-7701 planningdepartment@houstontx.gov houstontx.gov
Hurst Michelle Lazo Managing Director of Development 817-788-7092 mlazo@hursttx.gov hursttx.gov
Hutto Gerald Marink Senior Building Inspector 512-759-3479 planning@hutto.gov huttotx.gov
I
Irving Darrell Hammond Code Enforcement Manager 972-721-3628 dhammond@cityofirving.org ci.irving.tx.us
J
Joshua Nader Jeri Building Official/ City Secretary 817-558-7447 buildingofficial@cityofjoshuatx.us cityofjoshuatx.us
Granbury thru Killeen
continued on page 24
Walden Rd
Conroe
WALDEN PLAZAc
THE PLAZA AT WALDEN
2 4 R E D N e w s . c o m
Texas Building Resource Guide
*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.
Kyle Mario Perez Building Official 512-262-3918 mperez@cityofkyle.com cityofkyle.com
L
Lago Vista David Harrell Development Services 512-267-5259 dharrell@lago-vista.org lagovistatexas.org
Lake Dallas Char Dupree Community Development Director 940-497-2226 cdupree@lakedallas.com lakedallas.com
Lancaster Steve Gilbert Building Official 972-218-1209 sgilbert@lancaster-tx.com lancaster-tx.com
La Porte Maria Pena Inspection Coordinator 281-470-5072 penam@laportetx.gov ci.la-portetx.us
Laredo Ramon E. Chavez,P.E. Interim Director 956-794-1625 rchavez@ci.laredo.tx.us ci.laredo.tx.us
League City Oscar Arevalo Building Official 281-554-1415 Oscar.Arevalo@leaguecity.com leaguecity.com
Leander Tom Yantis Director of Development Services 512-528-2732 tyantis@leandertx.gov Leandertx.gov Site Development Permit Cost: $501-$900 Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days Building Permit Cost: $501-$900 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes
Levelland John Agnew Chief Building Official 806-894-0113 jagnew@ci.levelland.tx.us ci.levelland.tx.us
Lewisville Gillian Goldthorpe Secretary Planning and Development 972-219-33455 ggoldthorpe@cityoflewisville.com cityoflewisville.com
Liberty Cassandra Gill Building inspector/Code Enforcement Official 936-334-7114 cgill@cityofliberty.org cityofliberty.org
Lindale Sherry Foster Community Development Director 903-882-6861 sherryf@lindaletx.gov lindaletx.gov
Longview Ingrid Self Assistant Director of Dev. Services 903-237-1074 Iself@longviewtexas.gov longviewtexas.gov
Lubbock Steven Neal Building Official 806-775-2080 soneal@mylubbock.us ci.lubbock.tx.us
Lufkin Dorothy A. Wilson AICP Planning Director 936-633-0411 dwilson@cityoflufkin.com ci.lufkin.tx.us
M
Mansfield Richard Wright Director, Development Services Department 817-276-4220 richard.wright@mansfield-tx.gov mansfield-tx.gov
Marshall John Clark Engineering Aide 903-935-4407 jclark@marshalltexas.net marshalltexas.net
McAllen Julia Rankin Director of Planning 956-681-1250 jrankin@mcallen.net mcallen.net
McGregor Mike Olson Building Official, Code Enforcement, Planning & Zoning 254-840-2806 molson@mcgregor-texas.com Mcgregor-texas.com
Kyle thru McGregor
continued on page 26
A A Realty CoAccredited Management Organization
OFFICE/RETAIL SPACEFOR LEASE
A A Realty CoAccredited Management Organization
For more informationKenneth K.Y. Leung281.467.3535713.988.0888 x108eleung8888@aol.comwww.aarealtytx.com
1 2 3
Beltway 8 W
est
Westheimer Rd
Westpark Tollway
1. Woodland Park Shopping Center 11380 Westheimer, Houston 77077
• Shopping center size - 75,620 SF - Built in 1985• Retail space available (1st floor) - 1,600 SF - 4,000 SF - $13.00/SF + NNN• Aggressive lease terms• Pylon signage available• Traffic counts - 82,880 CPD (Westheimer)• +/- 592’ of frontage on Westheimer• 372 surface parking spaces available
2. Kaleidoscope 10612-10692 Westheimer, Houston, TX
• 2 blocks west of Beltway 8• 2,952 SF - 2nd floor• Excellent for retail, office or professional use
3. Park West Plaza 8989 Westheimer, Houston 77063
• 20,000+ SF Available• Up to 6,000+ SF Contiguous Space• Aggressive lease terms - $13.00/SF Gross• Generous surface parking at no charge for
open, non-reserved spaces• Card-key controlled access• Pylon signange available• On-site management• Parking ratio - 3.4/1000
2 6 R E D N e w s . c o m
Texas Building Resource Guide
*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.
Mexia Larry Brown City Manager 254-562-4110 larryb@cityofmexia.com cityofmexia.com
Midland Jim Compton Planning Division Manager 432-685-7400 jcompton@midlandtexas.gov midlandtexas.gov
Mission Daniel Tijerina Planning Director 956-580-8672 dtijerina@missiontexas.us missiontexas.us
Missouri City Gary Smith Development Services Director 281-403-8661 gsmith@missouricitytx.gov missouricitytx.gov
N
Nassau Bay Mary Chambers Community Development Director 281-336-6293 mary.chambers@nassaubay.com nassaubay.com
New Braunfels Shannon Mattingly Director of Planning & Community Development 830-221-4050 planning@nbtexas.org nbtexas.org
North Richland Hills John Pitstick Director of Planning & Development 817-427-6300 jpitstick@nrht.com ci.north-richland-hills.tx.us
P
Pantego Joyce P. Stanton Community Development Director 817-617-3722 cjoyce@townofpantego.com townofpantago.com
Pearland Johnna Matthews Interim City Planner 281-652-1740 JMatthews@ci.pearland.tx.us cityofpearland.com
Pflugerville Emily Barron Planning Director 512-990-6300 emilyb@pflugervilletx.gov pflugervilletx.gov
McKinney Rick Herzberger Chief Building Official 972-547-7476 rherzber@mckinneytexas.org mckinneytexas.org
Mercedes Michelle Leftwich Assistant City Manager / Planning Director 956-565-3114 mleftwich@ci.mercedes.tx.us cityofmercedes.net
Mesquite Keith Smith Building Official 972-329-8724 ksmith@ci.mesquite.tx.us cityofmesquite.com
I ask for your support to get
RE-ELECTED
Paid for by the Danny Nguyen Campaign. Frank Hestor, Treasurer.
www.DannyNguyen.netDanny Nguyen, CCIM• International Relations & Economic Development Committee Chair • Houston Mayoral’s International Trade Development Council - Member & former
Chair - Asia & Australia • Commercial Real Estate 20 years -a proud active Broker, Investor, & Owner • Vietnamese American Chamber of Commerce - Co-Founder & Board Chair
“EXPERIENCE, DEDICATION, ENERGY, VISION, HARDWORKING, PROBLEM SOLVING & IDEAS ARE WHAT I WILL CONTINUE TO BRING TO
CITY HALL” – Danny Nguyen, CCIM
“I appreciate the Commercial Real Estate community for playing a very important role in building, developing, and creating properity for
our City. I have witnessed (and was proud to be a part ) many thousands acres with nothing on it turned into buildings, shopping centers, subdivision, commnity.”
I AM PRO-BUSINESS, PRO-GROWTH & RESPECT PROPERTY RIGHTS Jeff Wiley – CEO/President of Greater FB Economic Development Council: “Thank you Danny for you continued leadership in assisting Missouri City and Fort Bend County in economic development efforts. You have been a tremendous help with our international recruiting and outreach efforts .. to those seeking to invest or open businesses in our area.“
McKinney thru Pflugerville
continued on page 28
Located on Main Street at the Ensemble / HCC Rail Station. 2,141 daily weekday rail boardings at this stop Located between the two largest economic activity centers in Houston, the CBD (daily workforce - 140,000) and the Texas Medical Center (daily workforce - 92,500) Next door to the soon-to-be built MATCH (The Midtown Arts
and Theater Center Houston) - See video at www.matchouston.org
Strong daytime (19,271 in 1-mile radius) and nighttime (22,109 in 1-mile radius) populations
Directly adjacent to “The Best Block in Houston” (Houston Press 2009, 2011, 2012)
This property is subject to prior sale or lease, change in price, or removal from the market without prior notice. All information containe herein was supplie from sources eeme reliable, but is not in any way warrante by the Lan lor /Owner or Lewis Property Company.
3500 & 3600 Block of Main St, Houston TX 77002
29,413 SF of New Retail 10,000 SF of Existing Retail (100% Occupied) 363 Unit Apartment Complex 773 Space Parking Garage (serving Mid-Main,
the MATCH, and surrounding land uses)
Available Space: 500 - 29,000 SF Availability Date: Summer 2015 Rental Terms: Call Broker
Retail Availability
Project Data
An Urban Infill, Mixed Use, Transit Oriented Development, Located Midway Between Houston’s Two Largest Activity Centers
Greg Lewis, CRE
713-533-4400 glewis@lewispropertycompany.com
Adam Williams, CCIM 713-533-4400
adam@lewispropertycompany.com
CALL FOR THIS AND OTHER INNER LOOP PROJECTS FOR SALE OR LEASE
For Retail Leasing Information Contact:
An Development
Project Attributes
2 8 R E D N e w s . c o m
Texas Building Resource Guide
*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.
Plainview Todd Kennemer Manager 806-296-1120 tkennemer@plainviewtx.org plainviewtx.org
Plano Christina Day Director of Planning 972-941-7151 chrisd@plano.gov plano.gov
Port Arthur Ron Burton Director of Development Services 409-983-8135 rburton@portarthur.net portarthur.net
R
Red Oak Lee McCleary Economic Development Director 972-617-6831 lmccleary@redoaktx.org redoaktx.org
Richland Hills Scott Mitchell Director of Planning & Community Development 817-616-3771 smitchell@richlandhills.com richlandhills.com
Richmond Lori Bownds Permit Specialist 281-232-6871 loribownds@richmondfd.com ci.richmond.tx.us
Rockwall Robert LaCroix Director of Planning 972-771-7745 rlacroix@rockwall.com rockwall.com
Round Rock Mark Remmert Chief Building Official 512-218-5550 markr@roundrocktexas.gov roundrocktexas.gov
Rosenberg Travis Tanner Planning Director 832-595-3500 travist@ci.rosenberg.tx.us ci.rosenbert.tx.us
Rowlett Erin Jones Planning Director 972-412-6114 ejones@rowlett.com ci.rowlett.tx.us
Royse City Deanna Maxey Development Services 972-524-4832 deanna.maxey@roysecity.com roysecity.com
Sachse Michael Spencer Building Official/Interim Com Dev Dir 469-429-4784 mspencer@cityofsachse.com cityofsachse.com
Saginaw Kevin McMillin Building Official 817-230-0453 kmcmillin@ci.saginaw.tx.us ci.saginaw.tx.us
San Antonio Roderick J. Sanchez Director Development Services Department 210-207-7905 roderick.sanchez@sanantonio.gov sanantonio.gov Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes
San Benito Rodrigo Davila Planning Director 956-361-3800 ex-413 davilar@cityofsanbenito.com cityofsanbenito.com
San Marcos Matthew Lewis Development Services Director 512-393-8230 mlewis@sanmarcostx.gov ci.san-marcos.tx.us
Schertz Michelle Sanchez Director Development Services 210-619-1750 msanchez@schertz.com schertz.com
Seabrook Sean Landis Director Planning/Community Development 281-291-5707 slandis@ci.seabrook.tx.us seabrooktx.gov
Seagoville Cindy Kintz Planning Technician 972-287-2050 ckintz@seagoville.us seagoville.us
Seguin Bill Couch Director of Planning 830-401-2306 bcouch@seguintexas.gov seguintexas.gov
Shenandoah Terry Golden Building Inspector 281-298-5522 tgolden@shenandoahtx.us shenandoahtx.us
Plainview thru Shenandoah
continued on page 30
This information contained herein has been obtained from reliable sources; however, The J. Beard Company, LLC and The J. Beard Real Estate Company, L.P. makes no guarantees, warranties or representations to the completeness or accuracy of the data. Property submitted is subject to errors, omissions, change of price, prior sale or withdrawal without notice.
For all your commercial real estate needs, we’re here to point you in the right direction.LANDLORD & TENANT REPRESENTATION • SITE ACQUISITION • SALES & LEASING • REAL ESTATE CONSULTING • PROPERTY MANAGEMENT
• South side of FM 2920 between Alvin A. Klein Drive/ T.C. Jester. South of Grand Parkway, F-2 Under construction.
•8.1mi. to SH 249, Tomball & 5.5 mi. to I-45.•Utilities available through MUD 32•Proposed use: Industrial & Manufacturing
4.9880 AcresFor Sale
6753 FM 2920, Spring
• 3,498 SF building, situated on .46-acre lot.• Great location with 102’ of frontage on the
West line of Jones Road.• Located approximately .8 miles North of
HWY 290.
Freestanding Brick BuildingFor Sale
9125 Jones Rd., Houston
• 11,600 ac master-planned community by Howard Hughes Corp.
• 70,000+ SQFT Retail / Office Space for Lease, Pad Sites Available for Ground Lease/BTS
Bridgeland – Lakeland Village Center Multi-Use Development Lease & Pad Sites Available
Fry Rd., Cypress
10077 Grogan’s Mill Road, Suite 135The Woodlands, TX 77380
281.367.2220 jbeardcompany.com
• Located within 2.1 mi. North of the new Baker Hughes Western Hemisphere facility
• FF on FM 2978 & Standolind Road• Commercial and residential development
under way throughout this market area. • Five-lane road improvements on FM 2978
completed for Harris County.
4.996 Acres - For SaleHarris County
29305 FM 2978, Tomball
• Development tract with ideal uses of : Retail, Office, Medical, Residential, Senior Living
• Located at the major intersection of West Rayford Rd. & Gosling Rd.
•1,240 Feet of Frontage on Gosling Rd. per survey
48 Acres Development TractFor Sale
24818 Gosling Rd., Spring
• 4.67 ACRES – divisible, with additional .5694 acres contiguous available, additional 2.182 acres adjacent also available west of site.
• Growing Woodlands Submarket, approxi-mately 2 miles east of Interstate 45.
• Potential Uses: Auto, Fast Food, Service Sta-tion, Office.
4.67 Acres - For Sale The Woodlands Submarket
10527 SH 242, Conroe (at Needham Rd.)
•Great opportunity for future development•New apartments built 2013, south of site.• Application for utility service available through
Aqua Texas.•.48 of a mile north of Woodlands Pkwy. • Potential divide
5.79 Acres - For Sale The Woodlands Submarket
SWC Woodlane @ FM 2978, Magnolia
•Improved property on 5.726 Acres.• Improvements include: 7,500 sf; 9,200 sf
warehouse, 3,200 sf shop space, 1,900 sf office building, older residential home.
Industrial Warehouse - For Sale The Woodlands Submarket
26639 Hufsmith, Conroe-Magnolia
• 2,000-4,000 SF available• Property is located at a signalized intersection
on the southwest corner of Research Forest Drive and Technology Forest Blvd., less than 2 miles west of Interstate 45.
Technology Plaza at Research Forest, Space For Lease
4223 Research Forest Drive, The Woodlands, TX
• Up to 3,100 SF available• Great visibility & easily accessible from
FM 1488.• Extensive commercial & residential growth
makes this intersection one of the fast-est growing areas in South Montgomery County.
Powell CenterFor Lease
6315 FM 1488, Magnolia
•Various spaces available including 2nd generation restaurant space
•Site is adjacent to St. Luke’s Hospital and The Woodlands College Park High School
•Super Walmart, Lowe’s, Garden Ridge, Burlington and Kohl’s are in the immediate trade area
College Park PlazaFor Lease
3091 College Park Dr., The Woodlands
• Located in the Exxon/Woodlands growth corridor.
• Potential Uses: retail, medical/professional, restaurant, and many others.
• Convenient access to I-45 & Hardy Toll Rd.
Woodwinds Shopping CenterFor Sale or Lease - Suites A&B
285 Sawdust, The Woodlands
3 0 R E D N e w s . c o m
Texas Building Resource Guide
*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.
Snyder Vick Chambers Zoning Administrator 325-573-4959 vchambers@ci.snyder.tx.us ci.snyder.tx.us
Southlake Ken Baker Senior Director of Planning & Development Services 817-748-8621 kbaker@ci.southlake.tx.us cityofsouthlake.com
Stafford Chris Riggs Building Director & Zoning Administrator 281-261-3946 criggs@cityofstafford.com cityofstafford.com
Sulphur Springs Eric Hill Assistant Fire Marshall 903-885-7541 ehill@sulphurspringstx.org Sulphurspringstx.org
Sugar Land Doug Schomburg Director of Planning and Code Services 281-275-2218 dschomburg@sugarlandtx.gov sugarlandtx.gov
Sweetwater Kirk Harris Director, Code Enforcement Office 325-236-6313 code@cityofsweetwatertx.com cityofsweetwatertx.com
T
Taylor John Elsden AICP City Planner 512-352-5990 john.elsden@taylortx.gov ci.taylor.tx.us
Temple Brian Chandler Director of Planning 254-298-5668 bchandler@templetx.gov ci.temple.tx.us
Terrell David Denney Chief Building Official 972-551-6606 ddenney@cityofterrell.org cityofterrell.org
Texarkana Shirley Jaster Executive Director of Community and Public Works 903-798-3949 Jaster@txkusa.org ci.texarkana.tx.us
The Colony Mike Joyce Planning Director, Development Services 972-624-3162 mjoyce@thecolonytx.gov ci.the-colony.tx.us
The Woodlands Bruce Tough Chairman, Board of Directors 281-210-3800 BTough@thewoodlandstownship-tx.gov thewoodlandstownship-tx.gov
Tomball David Allen, CBO Building Official 281-290-1406 dallen@tomballtx.gov ci.tomball.tx.us
V
Van Alstyne Jennifer Gould City Clerk 903-482-5426 Khamner@cityofvanalstyne.us cityofvanalstyne.us
W
Waco Randy Childers Chief Building Official 254-750-5970 planning@ci.waco.tx.us waco-texas.com
Waxahachie Clyde Melick Director of Planning 469-309-4290 cmelick@waxahachie.com waxahachie.com
Weatherford Randy Law, CBO Building Official 817-598-4484 rlaw@weatherfordtx.gov ci.weatherford.tx.us
Webster Erich Pen Chief Building Official 281-316-4131 epen@cityofwebster.com cityofwebster.com
Weslaco Leonardo Olivares Planning & Code Enforcement Department/City Manager 956-447-3401 lolivares@weslacotx.gov weslacotx.gov
Wharton Gwen Laney Code Enforcement/Floodplain Management 979-532-2491 glaney@cityofwharton.com cityofwharton.com
Wichita Falls Karen Montgomery-Gagne Planning Administrator 940-761-7451 Karen.montgomery@wichitafallstx.gov www.wichitafallstx.gov Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days Development Incentives Yes
Snyder thru Wichita Falls
R E D N e w s . c o m 3 1
LEVCOR, INC.
www.levcor.comPharr
LEASING INFORMATIONDan Smith
713.268-3716dsmith@levcor.com
PHARR TOWN CENTEROPEN SUMMER 2015
Total SF: Approx. 8,260 square feet GLALand Size: .6349 Ac. (27,656 sq. ft.)Occupancy: 100%Tenants: Title Max, Fred Loya Insurance, Mattress OnePrice: $2,113,120.00 at 7.5% Cap RateTraffic Counts: US 59 N: Bellaire to Hillcroft = 237,000 US 59 S: Hillcroft to Bellaire = 237,000 US 59 feeder road: Bellaire to Bintiff Dr. =12,800 US 59 feeder rd: Bellaire to Larkwood Dr =12,800Key Map Page: 530H2013 Taxes: $26,869.11
Property is located adjacent to Succeed in Life Center and in front of Kiva Kitchen and Bath140 feet of great visibility and frontage along the Southwest Freeway
All Concrete Parking: 32 spaces
For Information Contact:
DAC REALTY GROUP, INC.COMMERCIAL REAL ESTATE SERVICES
7026 Old Katy Rd., Suite 303 | Houston, TX 77024Phone: 713-973-2100 | Fax: 713-973-2166 | www.dacrealty.com
For Sale 8,260 SF - Larkwood Plaza
• Located on the Northeast Corner of Southwest Freeway and Larkwood Drive
• Property is located adjacent to Succeed in Life Center and in front of Kiva Kitchen and Bath.
• 140 feet of great visibility and frontage along the Southwest Freeway
• All Concrete Parking: 32 spaces
Location: 7085 Southwest Freeway Houston, TX 77074
Total SF: Approx. 8,260 square feet GLA
Land Size: .6349 Ac. (27,656 sq. ft.)
Traffic Counts*:
Key Map Page: 530H
Occupancy: 100%
Price: $2,113,120.00 at 7.5% Cap Rate
2013 Taxes: $26,869.11
Tenants: Title Max, Fred Loya Insurance, Mattress One
This information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction to suitability of the property for your needs. This property is subject to prior sale, change in price, or removal from the market without notice. All information shown in this proposal, while based upon information supplied by the owner and other sources deemed to be reliable, is not in any way warranted by DAC Realty Group, Inc.
7085 Southwest Freeway Houston, TX 77074
For Information Contact:
Don A. Czarneski don@dacrealty.com
Natali Czarneski natali@dacrealty.com
DAC Realty Group, Inc. 7026 Old Katy Rd., Suite 303
Houston, TX 77024 Phone: 713-973-2100 Fax: 713-973-2166
www.dacrealty.com
DAC REALTY GROUP, INC. COMMERCIAL REAL ESTATE SERVICES
*2011 Average Daily Traffic Counts
US 59 N: Bellaire to Hillcroft = 237,000
US 59 S: Hillcroft to Bellaire = 237,000
US 59 feeder road: Bellaire to Bintiff Dr. =12,800
US 59 feeder rd: Bellaire to Larkwood Dr =12,800
Statistics
FOR SALE 8,260 SF - Larkwood Plaza7085 Southwest Freeway - Houston, TX 77074
Located on the Northeast Corner of Southwest Freeway and Larkwood Drive
c
Don A. Czarneskidon@dacrealty.com
Natali Czarneskinatali@dacrealty.com
Commercial Real Estate Brokerage Firm
ATASCOCITA
Greenberg & Company
Contact Broker: David Greenberg - David@greenbergcompany.comPhone: 713-778-0900 Fax: 713-782-74455959 Richmond Ave., Houston TX 77057
Retail Space Available Richmond @ Hwy 6 Westheimer @ Dairy AshfordWestheimer @ Gessner
Under Construction50 % Pre-Leased
Space Available: 3,005 SF & 1,195 SF
2808 Highway 6NET-NET-NET
Anchored by Home DepotDunkin’ Donuts Coming
Space AvailableSuite 1A - 1,200 SFSuite 3 - 1,700 SF
9703 WestheimerAvailable Early 2015
Retail/Bank/Medical/Drive ThruPRIME HARD CORNER
Space Available4,433 SF
Single Tenant Use Only
12602 WestheimerNET-NET-NETAmple Parking
PRIME HARD CORNER
Space AvailableSuite C - 1,093 SFSuite D - 1,535 SFSuite E - 4,657 SF
8201 W. Sam Houston Pkwy
Major Intersection/Hard Corner
3 2 R E D N e w s . c o m
by Chris King REDNews
Retail Development eCommerce & Rightsizing Who is the new anchor for the modern retail strip?
Definition:
right•size
‘rīt sīz/verbgerund or present participle: rightsizing
1. convert (something) to an appropriate or optimum size.
2. “organizations are beginning to rightsize computer systems to suit themselves”
As the new Digital Engagement Director for RED-News I’ve decided to “literally” be engaging and ask a bunch of questions that perhaps might spur you, our wonderful readers, to give us your opin-ion. Opinions, we all seem to have them. Ques-tions are a good start for me as I am a veteran in the digital marketing world but am just getting my feet wet in CRE. One trending topic that keeps popping up in my inbox regards rightsizing.
Experts have been telling us recently, due to competition with e-commerce and new develop-ments in logistics, retail businesses must change the storefront’s footprint to compete. They must “rightsize” and do things like embrace e-com-merce in the store.
What does it mean to rightsize? The concept of rightsizing is catchy but like every other catchy phrase it can only be understood by its application and intent. A simple Google search brings back:
So, what is an appropriate or optimum size? Does rightsizing refer to a standard looking strip mall filled with a Mini-Target, Mini-Kroger, StarBucks and a BestBuy the size of a Radio Shack? How small is the right size? As with any true answer to any dumb question it is all relative.
I’m reminded of the Bruce Kirsch article, “Why The Regus Executive Suites Business Model Will Never Work For Retail” wherein Mr. Kirch argues that a multi-tenant variant of pop-up retailing using the same concepts being implemented in shared
executive offices would create an unruly, unprof-itable flea market of sorts, when developed in a standard retail footprint.
Because, who is coming to the table on this? We’ve seen fast food have great results with putting a Pizza Hut, Taco Bell, Long John Silvers, etc.. all in one building. Will the big boys play ball and stick a rightsized Penny’s, Macy’s and Gap all under one smaller roof? Would they sit beside a mom and pop pizza shop or hair dresser? Or would the “complexity of the mini-leases and the possibly constant re-marketing of the unoccupied spaces” be worth it to the building owner.
The upstart of commercial retail success, in the last decade, has been the dollar store. Stick a dollar store on cheap property and they thrive, hopeful-ly. You can still sell development of a dollar store. They may not epitomize the rightsizing effect but they may be a big source for the kernel of the idea. Dollar stores are popular because they give peo-ple quick access to basic necessities closer to their home. They aren’t the consumer’s first choice, and they seem to be having more lasting success in deep suburbia and rural areas than in urban ones.
Is the current state of our strip center occupancy reflecting the consumer’s first choice? An argu-ment can be made for a drug store being able to anchor a strip and encourage higher-end retail to thrive, say a coffee shop, specialty sports store or hair salon. But what happens when the biggest store on the block is a no-credit wireless phone dealer? What if the traffic to that wireless phone center makes the strip less appealing to the soc-
cer moms who were frequenting the little bou-tique tennis shop? Does the long term success of a dollar store, that fills forty percent of a property, trump the empty space or perhaps less than desir-able tenanting in the remaining sixty percent? Can a dollar store share a corner with a dentist’s office or with a rightsized Nordstrom?
From my own experience, I rarely find a single re-tail center catering to more than one of my needs. I most often drive miles between strip malls to go to one type of store and then another farther down the road. I am often uncomfortable with some of the shops I wind up parking near. If my Taekwondo teacher is housed next to a check cashing place or my barber is between a package store and a head shop, I start to consider different options. But alas, that choice isn’t often available.
So what is my interpretation of rightsized?
I imagine a rightsized clothing store in a small retail space not much bigger than a Subway with a sam-ple of each line in limited sizes. Large flat screens would be available that use virtual technology to let you see yourself wearing the clothing with the ability to change colors or other optional features. Press a button, run your card and come back in a day or two to pick it up. The sales associate could become more of a personal style assistant with the full line always available to them for suggestion. When your purchase arrives you can try it on right there in the store and return it if it doesn’t suit or the size is wrong. Inventories can remain low. De-livery could be free for in-store pickup and having the customer return to the store increases their satisfaction with the products and the opportunity for the vendor’s accessory sales. And of course the neighbor shop would be an Einstein’s and maybe one of those Mini-Bestbuys.
So what would be a perfect store for, say the mil-lennials? Perhaps a half size Whole Foods, a full size coffee shop/juice bar with outside seating and room for a small band, a mini Target and a Sushi place all tied together with asphalt and covered sidewalk?
What do you think? Share your opinion and continue this discussion with us at www.rednews.com/rightsize.
Rachel S. Grant7887 San Felipe Suite 122,
Houston, TX 77063Phone: 713-789-3133
Cell: 281-686-2993RachelGrant@RSHart.com
Ella Blvd.
FM 1960
EAGLES LANDING
EAGLES LANDING
NORTH FOREST
GLEN ABBEY
WOODFALLSCOURT
VANDERBILTPARK AT KIRKSTALL
QUAIL CHASE
PLAZA AT AIRTEX-ELLA
BLUE ASH
WOODS OF KUYKENDAHL
Kuykendahl Rd.ABBEYABBEY
WOOWOODCOCO
FM 1FM 1
NORTH FORESTNORTH FOREST
VAND RB LTVANDERBILT
QUAIL CHASQUAIL CHASE
PLAZA AT A RT X-PPPLAZA AT AIRTEX-E
OF KUYKENDAHLS OF KUYKENDAHL
Ella Blvd.Ella Blvd.
GLES LANDINGGLES LANDING
YY
DFALLDFALLSOURTOURT
WOODWOODS
AGLES LANDINGEAGLES LANDING
AGEAG
KuKuyky endahl Rd.
Kuyky endahl Rd.KSTALLRKSTALL
I-45
Tract 2Tract 1
Rachel S. Grant7887 San Felipe Suite 122,
Houston, TX 77063Phone: 713-789-3133
Cell: 281-686-2993RachelGrant@RSHart.com
Ella Blvd.
FM 1960
EAGLES LANDING
EAGLES LANDING
NORTH FOREST
GLEN ABBEY
WOODFALLSCOURT
VANDERBILTPARK AT KIRKSTALL
QUAIL CHASE
PLAZA AT AIRTEX-ELLA
BLUE ASH
WOODS OF KUYKENDAHLKuykendahl Rd.ABBEYABBEY
WOOWOODCOCO
FM 1FM 1
NORTH FORESTNORTH FOREST
VAND RB LTVANDERBILT
QUAIL CHASQUAIL CHASE
PLAZA AT A RT X-PPPLAZA AT AIRTEX-E
OF KUYKENDAHLS OF KUYKENDAHL
Ella Blvd.Ella Blvd.
GLES LANDINGGLES LANDING
YY
DFALLDFALLSOURTOURT
WOODWOODS
AGLES LANDINGEAGLES LANDING
AGEAG
KuKuyky endahl Rd.
Kuyky endahl Rd.
KSTALLRKSTALL
I-45
Tract 2Tract 1
Tract 1• 1,136 FF on Kuykendahl Road | 5.69 Acres
Tract 2• 529 FF on Kuykendahl Road | 9.92 Acres
• Great visibility on heavily traveled Kuykendahl Road• Located in dense residential area just west of I-45• +/- 400’ Northwest of Ella Boulevard, Houston, Texas• Zoning: None• Utilities: HC MUD #399• Key Map: 372B
Asking Price: A: $5.50 PSF; B: $5.50 PSF
15.62 Acres Ready FoR Retail, oFFiceMedical oR industRial developMent
3 4 R E D N e w s . c o m
RAY HANKAMER Hankamer & Assoc, Broker, Houston Contr ibut ing Wri ter
HOUSTONCOMMERCIAL BUZZ
Mr. Developer and Mr. Banker: Take Off Your Rose Colored Glasses
Stop drinking the abundant Kool Aid which is co-piously flowing in the commercial real estate (CRE) community.
We are at “that” time in the cycle where tardily conceived and built projects may exacerbate the oversupply problem which always results from over-exuberance.
The best time to start a project was just after the recovery began, not well into the recovery like we are now.
Luncheon speaker after speaker in all the CRE seg-ments repeats the same joyous news these days: “We have never seen it like this!” “It has never been better”. “There is no sign of overbuilding”.
Developers are telling themselves that although land is priced (too) high, they better buy it anyway since “tomorrow it will only be more expensive”.
Uh, wait a minute.
Money is the mother’s milk of CRE development. If developers can get money, they will develop. Money in the form of debt (first mortgage and mezzanine) and equity are readily available and interest is cheap by historic standards.
What is the conclusion a rational mind must draw? Development will only stop when money runs out. When will money run out? When buildings stop filling up at the rental and occupancy rates which developers promised their partners and lenders.
Let’s go back in history to the early 1980s when a euphoria similar to what we are seeing today reigned. By the mid-‘80s, the drivers of that boom were slacking off, and at the same time lots of late product was just entering the pipeline. When that product finally hit the market, oversupply was locked in for years to come.
Big, new, shiny class A office towers opened and there were no tenants to occupy them. None. Owners panicked and started offering conces-
sions: six months free rent…then a year free rent…and then, yes, two years free rent on a five year lease.
If the office tenant would agree to pay market rates starting in twenty-four months, then it could have free occupancy now for two years. All over suburban Houston small tenants who were on shaky financial footing themselves began break-ing their existing leases in perfectly good, slightly older buildings, and, sometimes sneakily over the weekend or in the middle of the night, vacating their current building for the shiny new ones.
When the old landlord discovered the move-out and threatened legal action, the tenant dared him to sue: “Go ahead. We are almost broke and we had to do this to survive.” It was a tale repeated over and over until the new building filled up with no immediate rental income and the older build-ings fell into high vacancies, non-profitability, and foreclosure.
The same scenario played out in retail and hotels, where first the innkeepers offered free drinks at check-in to retain a dwindling number of guests. Then it was free breakfast (which remains to this day in many hotels). Then many hotels offered free breakfast, drinks AND a dinner coupon at check-in: anything to retain the guest without caving in on rental rates. Then rental rates finally caved, and perfectly good almost new hotels started “going
back” to the lenders.
From the early ‘80s to the mid and late ‘80s hotel occupancy in Houston dropped from the 70% range to the 40% range and stayed there for five years, and it is safe to say that most hotels went back to the lenders in one way or another, as did banks, bank holding companies, and many other forms of CRE. It was CRE Armageddon, not CRE euphoria!
That is the scenario, folks. It happened once be-fore when Houston’s developers drank too much of their own Kool Aid.
So-do we have a “canary in the mine shaft” dur-ing this current boom which portends problems ahead? Our boom is based on oil & gas discovery. How are things going in the Permian Basin market, and the smaller Eagle Ford play, from the stand-point of hotel stays, which are usually a good “ca-nary” for business activity?
Revenues in the small towns in the Eagle Ford such as Cotulla, Carizzo Springs, and Cuero remain trending sharply up. Freer is sharply down. But in the huge Permian Basin, total market hotel rev-enues in Midland and Odessa have stopped trend-ing up and are flat, 2012 to 2013. Remember: not only is the Permian Basin home to upstream activity, but it is a huge junction of pipelines carry-ing petroleum products from the wellhead to the eventual user.
Those commercial real estate projects which are open or under construction now may serve to bring supply and demand into equilibrium.
Those which are just on the drawing boards or in the final stages of pre-development may be the projects which will bust equilibrium down the road, and shove all performing real estate into desperate straits.
Think twice about starting a new project at this stage of the cycle.
R E D N e w s . c o m 3 5
LAND
/CHU
RCHE
S FO
R SA
LE Multi-Purpose Facility w/housing 15402 Sellers Rd. - 7,000 SF ...................................................... $275,000
NW Houston Church 10225 Woodedge - 20,000 SF. ......................... ............. ...... ... $1,100,000
Miracle Life Church International 9930 Aldine Westfield - 3,200 SF. .............................. ... ....... ..... $275,000
3.9 Acres 7225 Bellfort Avenue ............................................. SOLD ............. $174,500
Miracle Christian Fellowship 16310 Chimney Rock - 15,000 SF ........................ SOLD ............. $855,000
Multi-Purpose Bldg 710 College St. - 7,200 SF .......................SALE PENDING ............. $650,000
Religious Facility in South Houston Beaumont St. @ Illinois - 11,800 SF ........SALE PENDING ............. $799,000
Baytown Campus/Training Center Facility (Income producing property) 301 Ilfrey ..................................................................................$3,400,000
Pasadena Church 4444 Vista Rd. - 46,000 SF ....................................SOLD ..........$1,200,000
Aldine Christian Church 2233 Aldine Mail Rte. - 10,500 SF .........................SOLD ............. $499,000
International Church Realty(713) 541-4005
www.internationalchurchrealty.com
Office/Medical & Retail Space Available Off of Highway 6 - Five minutes from IH-10 and the Energy Corridor
16,104 SF Retail/Flex/Medical Space - 16205 Keith Harrow
31,128 SF Office/Medical Space - 16209 Keith Harrow• Two-story building - First floor has a
waiting area with reception window, multiple large, open work areas, public restrooms, multiple kitchenettes and a large commercial kitchen.
• 254 spaces of parking on-site; 1.5 acres land.
• Building naming rights allowed.
• Flexible Space - Could be retail or medical.
• Open space with restrooms & bay doors/loading docks.
• Electronic signage on Keith Harrow.
4% Commision to Tenant Rep!Additional 1% Bonus on Deal Done by June 1, 2014
Kevin MorganK Morgan Real Estate Services kmorgancloud@icloud.com
(832) 492-9486
Rental Rate: $14 SF/Year
Rental Rate: $13 SF/Year
Commercial Tracts Available NWC Spencer Highway @ Bay Area Blvd, La PorteLocated in TIRZ District
New single family developments underway
Spencer Hwy
Sens
Rd
225146
Corner Tract: 6.7 Gross, 5.6 Net Acres
554 frontage Spencer Hwy-seven lane
384 frontage Bay Area Blvd-four lane
Offered at $8.35 PSF Net
West Tract: 5.9 acres
946 frontage Spencer Hwy
300/220 feet depth
Offered at $6.50 PSF Net
Property Description: Two tracts separated by pipeline easement, both zoned General Commercial, all utilities and detention available, both tracts in TIRZ District-potential development reimbursement.Not in 100 year flood plain. New home development abutting north.
Traffic Counts:17,500 VPD Spencer Hwy
Bay Area Blvd continued widening to Frwy 225, 1.7 miles, funded/engineered, scheduled completion 30 months, will be major traffic increase.
Demographics: Residential Day Time Avg. HH Income 1 Mile 3,795 5,767 $60,990 3 Mile 28,922 15,648 $72,306 5 Mile 65,637 25,640 $75,755
Ken Schick, Broker512-264-9218
RESIDENTIAL UNDER CONSTRUCTION
CORNERTRACTWEST TRACT
Bay Area B
lvd
.
(713) 789-7060 www.hankamer.comBrokers: Ray Hankamer, Jr., Pablo Szub,
Sergio Ortiz, Jamie Irvinee-mail: rhankamer@hankamer.com • sortiz@hankamer.com
szub@mail.com • jirvine@hankamer.com
HANKAMER& ASSOCIATESBROKERS, L.L.C.
Hospitality Consulting Services
40 Years Experience AsDeveloper | Owner | Operator
Offering Properties & Hotel Consulting
.
(713) 789-7060 www.hankamer.comBrokers: Ray Hankamer, Jr., Pablo Szub,
Sergio Ortiz, Jamie Irvinee-mail: rhankamer@hankamer.com • sortiz@hankamer.com
szub@mail.com • jirvine@hankamer.com
HANKAMER& ASSOCIATESBROKERS, L.L.C.
Hospitality Consulting Services
40 Years Experience AsDeveloper | Owner | Operator
Hospitality Consulting Services
40 Years Experience As Developer, Owner & Operator
Brokers: Ray Hankamer, Jr. rhankamer@hankamer.comPablo Szub szub@mail.comSergio Ortiz sortiz@hankamer.comJamie Irvine jirvine@hankamer.com
(713) 789-7060 • www.hankamer.com
PROPERTIES AVAILABLE• Beach Lots - Gilchrist• Hotel, Condo, Retail Site - Cruise Terminal - Galveston• Freeway Sites - I-20 - Monahans• 30 Acres - Commercial/Rail Serviced - Tomball• I-45 Huntsville 12 Acres - Residential/Commercial - HuntsvilleContact: Ray Hankamer
• Hotels - Statewide Contact: Sergio Ortiz
Website & Newsletter
Bridging the Gap Between Traditional Print Advertising and Digital Media
Welcome to
Print | Online | Mobile
• New Responsive Design
• Mobile Friendly Listings Get Noticed
• The Scoop on Commercial Real Estate in Texas
• CRE Calendar of Events/Photos
• Share Your Latest Deals
• Your Print, Digital & Email Marketing Source
Morgan Moliver, Client Services Manager
Mobile 817 821 2565Morgan@PhaseEngineering.com
For details on how your due diligence can affect your transaction, call us at
800 419 8881 or visit
www.PhaseEngineering.com.
Full range of nationwide professional environmental
services including:
Phase I and Phase II ESAsAsbestos • Mold• LeadStormwater Compliance
Wetlands• PCAs
Melanie Edmundson, P.G., Principal
Mobile 713 826 3342Melanie@PhaseEngineering.com
As of December 30, 2013, the Environmental Protection
Agency (EPA) approved the new Phase I Environmental Site
Assessment (ESA) ASTM E 1527-13 standard for All
Appropriate Inquiries (AAI) Landowner Liability Protections.
Phase Engineering’s Phase I reports comply with the EPA’s ESA requirements.
Environmental Risk Alert:
EPA Adopts New ASTM Standard
Licensed & CertifiedLender Approved
Proud Sponsor
Morgan Moliver, Client Services Manager
Mobile 817 821 2565Morgan@PhaseEngineering.com
For details on how your due diligence can affect your transaction, call us at
800 419 8881 or visit
www.PhaseEngineering.com.
Full range of nationwide professional environmental
services including:
Phase I and Phase II ESAsAsbestos • Mold• LeadStormwater Compliance
Wetlands• PCAs
Melanie Edmundson, P.G., Principal
Mobile 713 826 3342Melanie@PhaseEngineering.com
As of December 30, 2013, the Environmental Protection
Agency (EPA) approved the new Phase I Environmental Site
Assessment (ESA) ASTM E 1527-13 standard for All
Appropriate Inquiries (AAI) Landowner Liability Protections.
Phase Engineering’s Phase I reports comply with the EPA’s ESA requirements.
Environmental Risk Alert:
EPA Adopts New ASTM Standard
Licensed & CertifiedLender Approved
Proud Sponsor
Morgan Moliver, Client Services Manager
Mobile 817 821 2565Morgan@PhaseEngineering.com
For details on how your due diligence can affect your transaction, call us at
800 419 8881 or visit
www.PhaseEngineering.com.
Full range of nationwide professional environmental
services including:
Phase I and Phase II ESAsAsbestos • Mold• LeadStormwater Compliance
Wetlands• PCAs
Melanie Edmundson, P.G., Principal
Mobile 713 826 3342Melanie@PhaseEngineering.com
As of December 30, 2013, the Environmental Protection
Agency (EPA) approved the new Phase I Environmental Site
Assessment (ESA) ASTM E 1527-13 standard for All
Appropriate Inquiries (AAI) Landowner Liability Protections.
Phase Engineering’s Phase I reports comply with the EPA’s ESA requirements.
Environmental Risk Alert:
EPA Adopts New ASTM Standard
Licensed & CertifiedLender Approved
Proud Sponsor
Morgan Moliver, Client Services Manager
Mobile 817 821 2565Morgan@PhaseEngineering.com
For details on how your due diligence can affect your transaction, call us at
800 419 8881 or visit
www.PhaseEngineering.com.
Full range of nationwide professional environmental
services including:
Phase I and Phase II ESAsAsbestos • Mold• LeadStormwater Compliance
Wetlands• PCAs
Melanie Edmundson, P.G., Principal
Mobile 713 826 3342Melanie@PhaseEngineering.com
As of December 30, 2013, the Environmental Protection
Agency (EPA) approved the new Phase I Environmental Site
Assessment (ESA) ASTM E 1527-13 standard for All
Appropriate Inquiries (AAI) Landowner Liability Protections.
Phase Engineering’s Phase I reports comply with the EPA’s ESA requirements.
Environmental Risk Alert:
EPA Adopts New ASTM Standard
Licensed & CertifiedLender Approved
Proud Sponsor
What’s Happeningin CRE Texas
The following pages contain a calendar of Texas CRE events, networking photos and deals/announcements. For more of the above, log on to
REDNews.com. We update CRE news and events every day!
EVENTS • NETWORKING • DEALS • ANNOUNCEMENTS
4 0 R E D N e w s . c o m
Central / South Texas Au s t i n | S a n Anto n i o | R i o G ra n d e Va l l e y
Austin
BOMA ................................................................................ www.bomaaustin.org
CBA Austin ...........................................................................www.cbaaustin.com
CCIM .................................................................................... www.ccimtexas.com
CREW .................................................................................www.crewaustin.com
CTCAR ................................................................................ www.ctcaronline.com
IREM.................................................................................... www.iremaustin.org
RECA .................................................................................. www.recaonline.com
ULI ........................................................................................ www.austin.uli.org
San Antonio BOMA San Antonio .....................................................www.bomasanantonio.orgCCIM ........................................www.chapters.ccim.com/sanantoniosouthtexasCREW .........................................................................www.crew-sanantonio.orgIREM.............................................................................www.iremsanantonio.orgIREP........................................................................................... www.irepsa.comRECSA ............................................................................www.recsanantonio.comSABOR ........................................................................................ www.sabor.comSIOR (South Texas Chapter) ........................................................... www.sior.com
For a complete list of monthly events, visit their website
For more information onCALENDAR OF EVENTS
log on to
Email your events to:Jason@REDNews.com
Event dates are based on each organization’s typical monthly schedule which is subject to
change. Please verify each event with the related organization.
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
22
4
13 17
19 20 23
14
5
18 21
11 16
76 8 9
21
12 15
10
25
24
3
May 2014
26 27 28 29 30 31
CORENET & CREW San Antonio Joint Luncheon – Dr. Mark G. Dotzour, Chief Economist and
Director of Research 11:30am – 12:55pm
CCIM Central Texas CI 102: Market Analysis
8:30am – 5:30pm
CCIM Central Texas CI 102: Market Analysis
8:30am – 5:30pm CTCAR
Property Information Exchange & MCE in Marble Falls
11:00am – 4:00pm CCIM Central Texas
Happy Hour 5:00pm – 7:00pm
CCIM Central Texas CI 102: Market Analysis
8:30am – 5:30pm CREW Austin Dine Around
11:30am – 1:00pm Real Estate Council of Austin
Art Shop/Auction 5:00pm – 7:00pm
ICSC RECon Las Vegas ICSC RECon Las Vegas CTCAR MCE Course – TREC Legal Update
9:00am – 12:00pm IREP San Antonio
Monthly Luncheon 11:00am–1:00pm
BOMA San Antonio Luncheon
11:30am – 1:15pm IREM Austin IYP Icebreaker
5:30pm – 7:30pm Real Estate Council of Austin
Networking Happy Hour 5:30pm – 7:00pm
BOMA Austin CREST Toastmasters Meeting
11:30am – 12:30pm
ICSC RECon Las Vegas
CCIM Central Texas CI 102: Market Analysis
8:30am – 5:30pm IREM Austin Spring Social
5:00pm – 7:00pm CTCAR Networking Cruise
6:00pm – 9:00pm
BOMA San Antonio BOMA Open Golf Tournament
8:00am – 5:00pm CCIM Central Texas
What’s New in CI 102? 9:00am – 11:00am
SABOR TREC Ethics MCE
1:00pm – 4:00pm
CCIM Central TexasCrawfish Boil and Picnic
2:00pm – 6:00pm
BOMA Austin, CBA, CCIM Central Texas, CREW Austin, CTCAR, IREM, RECA & ULI Joint Event with CRE Organizations Power Luncheon – Peter Park, nationally renowned
Master Urban Planner 11:15am – 1:00pm
BOMA Austin BOMI Environmental Health
and Safety Issues 6:00pm – 9:00pm
CTCAR Property Info Exchange 7:30am – 9:00am
CBA Austin Golf Tournament 11:30am – 8:00pm
BOMA Austin CREST Toastmasters Meeting
11:30am – 12:30pm
SABOR REALTOR Builder New Homes Bus
Tour & Expo 7:30am – 1:30pm
CREW Austin 8th Annual CREW Careers
12:00pm – 4:00pm
CREW Austin CREW Careers Winners Day
12:00pm – 4:00pm
Commercial Organization Contacts - Dallas | Fort Worth
Calendar of Events
R E D N e w s . c o m 4 1
Au s t i n | S a n Anto n i o | R i o G ra n d e Va l l e y
Networking For more networking photos, log on to www.REDNews.com | Send your networking photos to Jason@REDNews.com
CREW Austin – During their March Luncheon, attendees took part in an activity during the event called, “Speed Networking”. Attendees at the CREW Austin “Speed Networking” activity.
Eric Layne, CCIM (left) presents Michael Buls with 2013 Past President Plaque at the Central Texas Commercial Associa-tion of REALTORS (CTCAR) March Luncheon
Kristie Harrison, Mike Harrison, Yolanda Flores and Joanna Arreguin.
Susie Wallis with Keynote Speaker Spencer Levy and Cheryl Pyle.
Cherie DeVries Short and Marshall Davidson, Jr.
Teresa Corbin and Kim Ghez.
CREW Austin – During their March Luncheon, attendees took part in an activity during the event called, “Speed Networking”. Attendees at the CREW Austin “Speed Networking” activity.
Connie Phillips and Andra Adame.Mike Halverson and Valerie Kelly.
IREM San Antonio President James Stewert and Charlie Malmberg, who received his CPM pin and certification for March 2014.
Panelists at CREW San Antonio’s 21st Annual Real Estate Forum.
Alma Picon, Aileen Velasquez, Robyn Fields and Lyndsay Walbran.
CREW San Antonio’s 21st Annual Real Estate Forum
CREW Austin March Luncheon
IREM San Antonio “Anything on a Stick” Event
CTCAR March Luncheon IREM San Antonio
4 2 R E D N e w s . c o m
“Commercial Lease Analysis, Comparison & Lease vs Own”
9 hours of MCE - Course #09-00-035-25248 - Provider #0287 Instructor Cliff Bogart, CCIM
www.ctcaronline.comCTCAR
Visit www.ctcaronline.com for pricing & registration info
COMMERC IAL
commercial real estate women
2014 SponsorshipPackages now available!
Is your company looking for exposure and recognition in the commercial real estate industry?
SPONSORSHIP OPPORTUNITIESSTART AT $750.
Visit the CREW-Dallas.org website for more information or call the
CREW o�ce at 214.890.6490
North Texas D a l l a s | Fo r t Wo r t h
BOMA Dallas....................www.bomadallas.org
BOMA Fort Worth ..... www.bomafortworth.org
CCIM .................................... www.NTCCIM.com
CREW Dallas ....................www.crew-dallas.org
CREW Fort Worth....................www.fwcrew.org
GFWREC ................................www.gfwrec.com
IREM Dallas ....................www.irem-dallas.org
NAIOP.....................www.northtexasnaiop.com
NTCAR ....................................... www.ntcar.org
SCR .......................................... www.scr-fw.org
SIOR ........................................... www.sior.com
SW Corenet ........ www.southwest.corenetglobal.net
TREC .................................. www.recouncil.com
ULI ..............................www.northtexas.uli.org
For a complete list of monthly events, visit their website
For more information onCALENDAR OF EVENTS
log on to
Email your events to:Jason@REDNews.com
Event dates are based on each organization’s typical monthly schedule which is subject to
change. Please verify each event with the related organization.
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
22
4
13 17
19 20 23
14
5
18 21
11 16
76 8 9
21
12 15
10
25
24
3
May 2014
26 27 28 29 30 31
ULI North TexasULI National Professional
Development Seminar7:30am – 5:00pm
Greater Ft. Worth RE Council 3rd Annual Golf Tournament
honoring Scott Walker 11:30am – 4:00pm
NTCAR Young Professional
Up Close and Personal with Marc Meyers 5:30pm – 7:30pm
BOMA Ft. Worth - Real Estate Investment & Finance Course
5:30pm – 8:30pm
ICSC RECon Las Vegas ICSC RECon Las Vegas CREW Dallas Monthly Luncheon 11:30am – 1:00pm
IREM Ft. Worth Ranger Game Day 1:05pm – 4:00pm
BOMA Ft. Worth - Real Estate Investment & Finance Course
5:30pm – 8:30pm
The Real Estate Council of Dallas Runoff Election
All Day
NTCAR Young Professional Event
8:00am-12:30pm
Society of Commercial REALTORS Ft. Worth Monthly Breakfast
7:30am – 9:00am BOMA Ft. Worth - Real Estate Investment & Finance Course
5:30pm – 8:30pm
CREW Ft. Worth Golf Classic
11:30am–7:00pm
NTCAR MCE: Broker Responsibility + Legal & Ethics
2-Day Course 8:30am – 6:30pm
NTCAR MCE: Broker Responsibility + Legal & Ethics
2-Day Course 8:30am – 3:30pm
ICSC RECon Las Vegas
ULI North Texas YLG Networking Reception
5:30pm – 7:30pm
BOMA Dallas TOBY Mock Tour & Panel
Discussion 10:00am – 1:00pm
NTCARSouthern Sector Industrial
Virtual Tour 7:30am – 9:30am
BOMA Ft. Worth Monthly Luncheon 11:30am – 1:00pm
Southwest CoreNet Global Southwest Golf Experience
1:30pm – 8:00pm
IREM Dallas Monthly Luncheon 11:30am – 1:00pm
CREW Ft. Worth Monthly Luncheon 11:30am – 1:00pm
BOMA Ft. Worth - Real Estate Investment & Finance Course
5:30pm – 8:30pm
ULI North Texas Signature Event
7:30am – 11:00am
Commercial Organization Contacts - Dallas | Fort Worth
Calendar of Events
R E D N e w s . c o m 4 3
Networking
Society of Commercial REALTORS March 26th Breakfast Meeting
North Texas CCIM’s March Luncheon
CREW Dallas March Luncheon
For more networking photos, log on to www.REDNews.com | Send your networking photos to Jason@REDNews.com
Dan Wright, 2014 SCR Chairman Bill Makens, Fort Worth Mayor Betsy Price and Sherry Matina with the Greater Fort Worth Association.
Mac Miles, Guy McCollum and Lee Nicol.
The March luncheon featuring Terry Montessi, founder and CEO of Forth Worth-based Trademark Property Company, was sponsored by Republic Title of Texas. Attendees included MaryBeth Shapiro, Early Davis, CREW President Michelle Hudson, Bo Feagin and Vicki Summerall.
Speaker Michael Dardick, President and CEO of Granite Properties, at North Texas CCIM’s March Luncheon
North Texas CCIM President Brad Crumpecker, Ralph Bullard, who was honored as a long time sponsor of North Texas CCIM and North Texas CCIM Director Debi Carter.
Amber Wimberly, Gene Jolley, Allison Thompson and Becky Eaton, CoStar.
Norma Crow, Steve Fithian and Robin Francis-Baker.
The chairs of the 2014 CREW Dallas Golf Classic attended the March meet-ing and sold raffle tickets and helicopter ball tickets to members and guests. Shown (left to right) are Cathy Kuebler, co-chair, Kari Walker, Chair and Liz Allen-Knight, CREW board of directors.
4 4 R E D N e w s . c o m
Southeast Texas Ho u s to n a n d Vi c i n i t y | G a l ve s to n
AMA.....................................www.amahouston.netACRP ..................................................www.acrp.orgBACREN .......................................www.bacren.comBOMA ................................www.houstonboma.orgCCIM ...................................www.ccimhouston.orgCoreNet ...............www.houston.corenetglobal.orgCREAM .......................................www.creamtx.comCRE ......................................................www.cre.org
CREN ................................. www.crengulfcoast.comCREW .................................. www.crewhouston.orgFBSCR ..............................................www.fbscr.comGreater Houston’s CC ..................... www.ghwcc.orgGreater Houston Partnership ..... www.houston.orgHOLBA ............................................ www.holba.orgHRBC .................................www.houstonrealty.orgIREM ....................................www.iremhouston.org
NAIOP ................................www.naiophouston.orgO’Connor & Associates ............www.poconnor.comHREC ............... www.houstonrealestatecouncil.orgSIOR .....................................www.siorhouston.comULI ......................................... www.houston.uli.org
For a complete list of monthly events, visit their website
For more information onCALENDAR OF EVENTS
log on to
Email your events to:Jason@REDNews.com
Event dates are based on each organization’s typical monthly schedule which is subject to
change. Please verify each event with the related organization.
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
22
4
13 17
19 20 23
14
5
18 21
11 16
76 8 9
21
12 15
10
25
24
3
May 2014
26 27 28 29 30 31
IREM Houston Networking Happy Hour Event
5:00pm – 7:30pm
CREAMTXMonthly Luncheon – Robert D.
Tanner, Port of Houston Authority11:00am – 1:00pm
ACRP Cocktails/Networking Event
5:30pm – 7:30pm
GHWCC Conference for Women 7:30am – 4:30pm
IREM Houston Monthly Luncheon 11:30am – 1:00pm O’Connor & Assoc. Monthly Luncheon 11:30am – 1:00pm
ICSC RECon Las Vegas ICSC RECon Las VegasFBSCR Monthly Meeting
8:00am – 9:00am Retail Solutions ICSC RECON
Cocktail Party at LINQ in Las Vegas6:00pm – 9:00pm
ULI Houston Monthly Luncheon 11:30am – 1:00pm
Houston BOMA EXPO 2:00pm – 7:00pm
CCIM/Appraisal Institute Crawfish Boil
5:00pm – 8:00pm
GHP Luncheon 11:30am – 1:30pm
CREN Gulf Coast Happy Hour
5:30pm – 8:00pm
NAIOP Dinner with the Icons
5:30pm–9:30pm
ICSC RECon Las Vegas
HRBC Monthly Breakfast 7:00am – 8:30am
BACREN Monthly Luncheon 10:30am – 1:00pm
CREN Gulf Coast Monthly Breakfast 7:30am – 9:00am
CREW Houston CREW Careers Day 8:00am – 3:00pm
CREN Gulf Coast Monthly Luncheon – Ted Nelson,
Newland Communities 11:00am – 1:00pm
IREM Houston MPSA Four Day Course
8:30am – 5:00pm
Houston BOMA RPA/FMA Course 8:00am – 5:00pm
CREW Houston Monthly Luncheon 11:00am – 1:00pm
IREM Houston MPSA Four Day Course
8:30am – 5:00pm
Houston BOMA RPA/FMA Course 8:00am – 5:00pm
ERJCC Golf Tournament 11:00am–5:00pm
IREM Houston MPSA Four Day Course
8:30am – 5:00pm
Houston BOMA RPA/FMA Course 8:00am – 5:00pm Houston CORENET
Educational Program 11:30am – 1:00pm
AMA Houston Hispanic and Asian Millennials
8:00am – 10:00am IREM Houston MPSA Four Day Course
8:30am – 5:00pm Houston BOMA RPA/FMA Course
8:00am – 5:00pm CCIM Houston Monthly Luncheon
11:30am – 1:00pm
IREM Houston CPM Certification Exam
8:00am – 12:00pm
Your real estate deserves real management.Count on a CPM® professional to deliver real results.
To find a CPM®
in your area, visitwww.irem-dallas.org
For optimal returns on your real estate portfolio, turn to a CERTIFIED PROPERTY MANAGER® (CPM®).
A CPM® has:Demonstrated experience in building value Pledged commitment to the highest ethical standardsProven expertise in maximizing returns
CPM®
IREM AUSTIN PRESENTS ETH800 -Ethics for the Real Estate Manager
September 10th, 2013, 8:00am – 5:00pmFor more information and registration
visit iremaustin.org
www.iremaustin.org • 512-301-3311
Contact Ginger Coleman at 713.783.0297or ginger@amchouston.com /www.ccimhouston.org
CCIM Course ScholarshipsCI 101, CI 102, CI 103, CI 104
or CCR & Exam
Available to current Houston/Gulf CoastCCIM Chapter Members
Networking Educat ion Technology
Commercial Organization Contacts - Houston and Vicinity | Galveston
Calendar of Events
R E D N e w s . c o m 4 5
Ho u s to n a n d Vi c i n i t y | G a l ve s to n
Networking For more networking photos, log on to www.REDNews.com | Send your networking photos to Jason@REDNews.com
Guest speaker Ric Campo at the CREW Houston April Luncheon - Impact of Super Bowl 2017 on Houston.
Elaine Howard, Yi Xue, Laurie Baker at the CREW Houston April Luncheon - Impact of Super Bowl 2017 on Houston.
Annette Nichols, Esau Liu and Rebecca Kingma at the CCIM April Luncheon.
IREM Houston Leaders past and pres-ent Jeff Burck, CPM, Janie Snider, CPM and Victor Vacek, CPM enjoying the April Luncheon.
IREM Young Professionals networking at IREM Houston’s April Luncheon.
March 101 Elevators Classroom: Kris Haller with Fujitec leads IREM Hous-ton’s educational class.
Vince Calicchia, Karyn Jackson Ste-phens, C.R.E.A.M. TX President and Commissioner James Noack, Montgom-ery County Precinct 3, Keynote Speaker at the C.R.E.A.M TX April Luncheon.
Melanie Edmundson and Waylon Themer at the CCIM April Luncheon.
Patsy Fretwell, Art Troescher and Don-nie Chang at the CCIM April Luncheon.
Keynote speaker John Burns discusses national trends in the U.S. housing industry at the April 1, 2014 Urban Land Institute Houston Suburban Marketplace Conference.
Lynne Humphries (far right) moderates the April 1, 2014 Urban Land Institute Houston Suburban Marketplace Confer-ence panel “Suburban Strategies of Users and Investors” with (l to r) Tony Avila, Michelle Riley Brown, John Frere, and Scott McClelland.
Laurie Baker, Ric Campo, Sallie Sargent (Super Bowl Host Committee) at the CREW Houston April Luncheon - Impact of Super Bowl 2017 on Houston.
IREM Houston Luncheon
CREW Houtson April Luncheon
CCIM Houtson April Luncheon
UIL Houston Suburban Marketplace Conference
IREM Houston Educational Class C.R.E.A.M. TX April Luncheon
4 6 R E D N e w s . c o m
ANNOUNCEMENTS & DEALS DONECENTRAL/SOUTH TEXAS (AUSTIN/SAN ANTONIO AREAS) Log on to REDNews.com for daily updates
INDUSTRIAL Austin (LEASE) – Illumitex leased 25,609 SF in Expo 6, a single-story indus-trial building within Expo Business Park located at 6301 E. Stassney Ln. Will Nichols and Sam Owen of Stream Realty Partners represented the landlord, Clarion Partners.
El Paso (LEASE) – Iron Mountain Information Management Llc leased 21,500 SF at 11500 Rojas Drive. JLL represented the tenant, and Bill Caparis, SIOR of CBRE El Paso represented the landlord, BRE/ELPS Industrial Lp.
LANDSan Antonio (SALE) – Guardian Leasing, Inc. purchased 114.965 acres in San Antonio. Steves Rosser of DH Realty Partners, Inc. represented the seller, CDDR Properties, Inc. .
MULTI-FAMILYAustin (SALE) – Avesta Communities purchased Anderson Springs Apart-ments, a 325-unit multifamily property at 1901 E. Anderson Ln. The apartment complex will be rebranded as Avesta Agave Falls.
Austin (DEVELOPMENT) – Aspen Heights will break ground on a high-rise multifamily project at the northeast corner of West 8th and Nueces Streets this summer. The 196-unit complex will be named Aspen Heights and is expected to be finished by the first quarter of 2016. Rhode Part-ners is the architect, and J.E. Dunn Construc-tion Group Inc. is the general contractor.
San Antonio (SALE) – A buyer purchased Northwood Apartments, a 110-unit property at 8315 N. Vandiver. The apartment complex was marketed by San Antonio Commercial Advisors, an independently owned member of the Cush-man & Wakefield Alliance.
OFFICEAustin (SALE) – Westmount Realty Capital purchased a 13 building portfolio within Braker Center, totaling 546,984 SF at 11100 & 11212 Metric Boulevard & 2205 Braker Lane. Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni of CBRE represented the sellers, Granite Properties and Endeavor Real Estate Group.
Austin (SALE) – DivcoWest purchased The Avallon, a 318,000 SF five-building office property located at 10415 & 10431 Morado Circle and 10814 Jollyville Road. Eastdil Secured represented the buyer, and Aquila Commercial LLC will handle the leasing.
Austin (SALE) – Clarion Partners purchased Las Cimas IV, a 138,000 SF five-story Class A office property located at 901 South Capital of Texas Highway. HFF represented both the buyer and the seller, KBS Capital Advisors.
Round Rock (DEVELOPMENT) – Mark IV Capital plans to break ground on The Summit II at La Frontera, an 82,000 SF building this summer. The new of-fice space would be the first Class A office space in Round Rock. Robert Shore of Don Quick and Associates represented Mark IV Capital in the preleasing of Summit II.
Austin (LEASE) – Cross Texas Transmission, LLC leased 15,927 SF at 1122 South Capital of Texas Highway. Will Douglas, CCIM, SIOR and Ace Schlame-us of CBRE Austin represented the tenant, and Will Stewart and Luke Wheeler of Transwestern represented the landlord, Aslan IV Austin, LLC.
RETAIL/RESTAURANT San Antonio (SALE) – Inland American purchased Westover Marketplace Shopping Center, a 242,664 SF retail center located at the intersection of Loop 410 and Highway 151. The Class A power center is 93.4% occupied and tenants include Target, Lowe’s and Toys R Us/Babies R Us. Chris Cozby and Chris
Gerard of CBRE Dallas and Kevin Holland of CBRE Houston repre-sented the seller, Coventry Real Estate Advisors, and Graham Ket-chum, Gene Williams and John Wright of CBRE San Antonio represented the seller in leasing Westover Marketplace.
Pflugerville (LEASE) – IHOP leased 52,889 SF in Stone Hill Town Center at SH 130 and SH 45. Lauren Brunner and Greg Stanislawski of Retail Strategy Real Estate Group represented the tenant, and Rebecca Le and Josh Fried-lander of NewQuest Properties represented itself.
Uvalde (SALE) – A New York-based developer purchased a 41,000 SF multi-tenant property off East Main Street. Todd Moore and Jim Gibson of Stan Johnson Company’s Houston office represented the buyer and the seller, a pri-vate investor.
ANNOUNCEMENTS Prominent Austin real estate attorney Steve Drenner and his team formed Drenner Group PC, a new real es-tate-focused boutique law firm. The firm will specialize in land use, entitlement issues and incentive requests.
David Glasscock has joined CBRE’s Dallas office and will continue to focus on urban in-vestment properties. Glasscock will represent private equity on office, retail, multi-housing proj-ects and land development.
Matt Pohl has joined HFF’s Aus-tin office as the director focus-ing on multi-housing investment sales tranascations in central Texas. Pohl has more than seven years of commercial real estate experience, including extensive experience bro-kering B and C assets in central Texas.
Blake Sheppard has joined CBRE as the Associate Direc-tor of San Antonio’s property and facilities management op-erations. Sheppard will lead a staff responsible for 3.4 million
square feet of Class A office, retail and industrial proper-ties.
David Glasscock
Matt Pohl
Blake Sheppard
Steve Drenner
R E D N e w s . c o m 4 7
ANNOUNCEMENTS & DEALS DONENORTH TEXAS (DALLAS/FT. WORTH AREAS) Log on to REDNews.com for daily updates
INDUSTRIAL DFW Airport (DEVELOPMENT) – Jack-son-Shaw has begun the initial phase of Parc Royal, a new business park near the Dallas/Fort Worth International Air-port that will total 70 acres and more than 1 million SF in space. Currently, Jackson-Shaw is constructing a 30-acre, 511,500 SF building at Royal Lane in Irving and is expected to be completed at the end
of the year. Jackson-Shaw is partnering with GID Investment Advisor LLC for the project. Texas Capital Bank is financing the project, and Mycon General Contractor Inc. is the general contractor. Blake Kendrick of Stream Realty Partners will oversee the leasing.
Arlington (LEASE) – Williams-So-noma Inc leased a 821,502 SF prop-erty at 4900 Sherry St. Tom Pearson and Chris Teesdale of Colliers Inter-national represented the tenant, and Dave Anderson of CBRE represented the landlord, Exeter Property Group.
Grand Prairie (DEVELOPMENT) – Stream Realty broke ground on RiverPoint Commerce Center, a 603,000 SF industrial development within the Great South-west Industrial Park. The two-building project is scheduled to be completed early in the fourth quarter of this year. J.P. Morgan Asset Management partnered with Stream Venture and Cannon Green and Matt Dornak of Stream Realty will oversee the leasing of the project.
Dallas (SALE) – Panther Investments LLC purchased a five-building portfolio in the Valwood and East Brook-hollow submarkets. The portfolio has 303,420 SF of space with local, regional and national tenants.
LANDDFW Airport (SALE/DEVELOPMENT) – NRP Group purchased a 10-acre tract of land near Dallas/Fort Worth International Airport for a new 300-unit apartment complex. Construction on the apartment complex is expected to being by the summer of this year.
MULTI-FAMILYFort Worth – (SALE) – A local partnership purchased Candle Chase Apart-ments, a 116-unit apartment complex at 4805 Altamesa Boulevard. Al Silva of Marcus & Millichap’s Fort Worth office represented the buyer and the seller, Tim-ber Chase Apartments, LLC.
OFFICE (DEVELOPMENT/LEASE) – Crescent Real Estate Hold-ings, LLC will break ground on McKinney & Olive, a new 530,000 SF complex that will sit on a 3.1 acre site at 2021 McKinney Ave. The 20-story building will be the tallest build-ing in Uptown Dallas and is expected to be completed in 2016. Clarke Pelli Architechts designed the building that will seek LEED Gold certification. Crescent has already signed prestigious law firm Gardere Wynne Sewell LLP to a 15-year lease, as they plan to occupy 109,000 SF.
Grand Prairie (DEVELOPMENT) – Crow Holdings Industrial, an affiliate of Dallas-based Crow Holdings, began construction of Wildlife Commerce Park, a 220-acre business park that will total 2.8 million SF of industrial space in nine buildings. Construction has begun on a 315,000 SF warehouse, the project’s initial phase, near Interstate 30 and Belt Line Road and is expected to be com-pleted in July. O’Brien Architects, Halff Associates, Pritchard Associates, RPMx Construction, TBG Partners and Alston Construction are all working on the Grand Prairie development.
Richardson (SALE) – Stream Realty represented an affiliate of Wells Fargo Bank in the purchased of a 3-story building totaling 180,000 SF at 3300 Renner Road. Jamie Jennings, Keith Fisher and James Mantzurains of Stream Re-alty facilitated the transaction.
Euless (SALE) – Hangover Opportunity Fund LLC purchased a 70,111 SF of-fice/warehouse space at 1101 Pamela Drive. Theron Bryant of Coldwell Banker Commercial Alliance DFW represented the buyer, and Allen Gump of Colliers International represented the seller.
RETAIL/RESTAURANT Little Elm (SALE) – Dunhill Partners purchased Little Elm Towne Crossing (LETC), a 170,000 SF shopping center located at the northwest corner of Eldorado Parkway and FM 423. Major tenants in-clude Hobby Lobby, 24 Hour Fitness, Hibbets Psorts and Baskin-Robbins. Robert Grunnah and Darrel
Hurmis of Henry S. Miller represented the sellers.
Carrollton (SALE/DEVELOPMENT) – New Quest Properties purchased and plans to re-develop Carrollton Town Center, a 154,000 SF retail center at the southeast corner of President George Bush Turnpike and Old Denton Road. The shopping center will soon be anchored by a 50,000 SF 99 Ranch Market. Eric Deuillet of Structure Commercial brokered the deal between NewQuest and the seller, Trinity/Denton II Ltd.
ANNOUNCEMENTS Cameron Colvill has joined Colvill Office Properties as a leasing representative in their Dallas office. Colvill will work with the marketing and leasing team responsible for Chase Tower, a 1.3 million SF, 55-story trophy tower owned and managed by Hines REIT.
Michael Doherty has joined Lin-coln Harris CSG as Vice Presi-dent in their Dallas office. With more than 14 years of experience, Doherty will provide transaction services and strategic marketing for owned and leased properties.
Eric Padilla and Alex Coe have joined the Cresa Dal-las office. Eric Pa-dilla, who boasts 25 years of indus-try experience, will be senior vice president of proj-ect management. Alex Coe will join Cresa as a senior advisor and will be tasked with strate-gic lease negotia-
tions, acquisitions and dispositions on behalf of corporate clients.
David Tuttle has joined Keller Williams Commercial as director of the Office Group. In his new position, Tuttle will focus on office investment sales transactions in the North Texas market.
Cameron Colvill
Michael Doherty
David Tuttle
Eric Padilla Alex Coe
ANNOUNCEMENTS & DEALS DONECENTRAL/SOUTH TEXAS (AUSTIN/SAN ANTONIO AREAS) Log on to REDNews.com for daily updates
4 8 R E D N e w s . c o m
INDUSTRIAL
Houston (DEVELOPMENT) – Data Foundry Inc. broke ground on a 350,000 SF data center that will model the flagship 250,000 SF Texas 1 data center in Austin. Houston 2 Center is being developed in phases, and the first phase will be a 120,000 SF building that is expected to be completed in the first quarter of 2015.
Houston (SALE) – Industrial Property Trust, Inc. purchased Century Distribution Center, a 149,000 SF distribution facility lo-cated at 10511 Kipp Way. Prime-Source Building Products Inc., a distributor of building materials in North America, leased the entire building.
Stafford (SALE) – A 30,000 SF industrial property at 12910 and 12914 Mula Lane was purchased. Gus Lagos and Nik Kapetanakis of Marcus & Millichap’s Houston of-fice exclusively marketed the prop-erty on behalf of the seller, a limited liability company.
LANDBaytown (SALE) – East Houston Properties, LLC purchased a 4.14 acre site for a medical facility at the 2200 Block of Rollingbrook Dr. Claire Sinclair Gavrel of Claire Sinclair Properties, LLC represented the seller, Massoud Bastankhah.
ANNOUNCEMENTS & DEALS DONESOUTHEAST TEXAS (HOUSTON AREA) Log on to REDNews.com for daily updates
MULTI-FAMILYHouston (SALE) – An affiliate of Harbor Group International, LLC purchased Westchase Creek, a 456-unit apartment complex at 3000 Woodland park Drive. Located in Houston’s Westchase District, the property was renovated in 2012-2013. HFF’s debt placement team led by Cortney Cole and Will Crawley rep-resented the buyer, and HFF Investment sales team led by Craig LaFollette, Todd Stewart, Todd Marix, Tre Banks and Chris Curry represented the seller, Allen Harrison Company.
Houston (DEVELOPMENT) – Austin-based developer, Oden Hughes broke ground on Parkside Place, a 384-unit apartment complex at FM 290 and Kuyk-endahl Road. The complex, which is set to open in 2015, is four miles away from the Exxon Mobil Campus.
Pearland (SALE) – Inland Real Estate Ac-quitistions, Inc. purchased Shadow Creek Ranch, a 370-unit apartment complex at 2500 Business Center Drive. The Class a complex sits adjacent to Shadow Creek Ranch, a master-planned community. Ryan
Epstein of CBRE represented the seller, McCann Realty Partners.
Houston (SALE) – Cornerstone Investment Properties purchased Chancellor Apartment complex, a three-story, 167,630 SF apartment complex at 311 Par-ramatta Ln. The 224-unit complex is located in Houston’s Kingwood-Harris sub-market. Gregory Austin and Chip Nash of Hendricks-Berkadia represented the seller.
OFFICEHouston (SALE) – SG Cypress Real Estate Ventures purchased Centre at Cy-press Creek, a complex in the former HP Compaq Computer Campus. The of-fice and industrial complex totals 465,716 SF – two 220,622 SF buildings at 20465 and 20475 SH 249 and a 245,094-flex industrial/office property at 11777 Compaq Center Dr. Coventry Investment Group Inc. and Coventry Realty Advisors consulted SG, and HFF marketed the proeperty of behalf of the seller, Principal Real Estate Investors.
Houston (SALE/DEVELOPMENT) – Amegy Bank bought a 4-acre site at 1716 W. Loop South to be used as its new 350,000 SF Houston corporate headquar-ters, with construction set to being in the fall of 2016. Currently, Micro Center occupies the site, until it opens their new location near the 610 Loop and US 59 later this year. Hines is the development/project manager, Pickard Chilto, Ken-dall Heaton and Gensler are the architects and Cushman & Wakefield served as Amegy’s commercial real estate broker.
Houston (SALE) – PM Realty Group purchased the Chase Bank Building, a 136,698 SF boutique office property at 2900 Weslayan St. in Houston. Located in the Greenway Plaza/Galleria submarket, the property was renovated in 1999 and tenants include JP Morgan Chase and Octia Corp. Dan Miller and Trent Agnew
of HFF coordinated the disposition on behalf of the seller, LNR Property Corp.
Houston (DEVELOPMENT) – Piedmont Office Realty Trust broke ground on Enclave Place, a Class A office development that will be located in Houston’s Energy Corridor. The building will sit on a 4.7 acre site and is expected to be completed by June 2015. Colvill Office Properties will be assigned the leasing, Gensler is the architecture, PM Realty Group will handle project management and Tellepsen Builders will handle the construction.
RETAIL/RESTAURANT Houston (SALE) – Myoung Cho purchased a 13,000 SF former Walgreens on 58,140 SF of land at 13606 Kuykendahl. Mark Davis of Davis Commercial Real Estate represented the seller, S-T Properties.
ANNOUNCEMENTS Marc Vecchio has joined Boxer Property as a director of operations. Vecchio will oversee and manage daily op-erations and property management in the greater Hous-ton area.
Cresa Partners, the largest ten-ant representation firm in North America, announced the addi-tion of three new employees. Jay Nowlin has joined Cresa as Prin-cipal to help open an office in The Woodlands. Sandy Fishlock, JD, CCIM has joined Cresa as a Se-nior Vice President in the Houston office. Grant Mehlhoff has joined Cresa as a Marketing Associate and will focus on brokerage sup-port.
Houston-based Transwestern was recognized by the Environmental Protection Agency (EPA) and awarded the 2014 ENERGY STAR Partner of the Year – Sus-tained Excellence Award for its continued leadership in sustainability practices and reducing overall energy con-sumption at its managed properties. This is the 11th con-secutive year that a commercial real estate firm has been recognized for this award.
Jay Nowlin
Marc Vecchio
Sandy Fishlock
R E D N e w s . c o m 4 9
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ACRP ...........................................................40BACREN .......................................................40Boxer Retail ................................................3, 5Caldwell Companies ......................................17CCIM Central Texas .....................................44CCIM Gulf Goast ............................................40CCIM North Texas .........................................42Center Real Estate Group ............................. 21CHC Investments, LLC ..................................23City of Converse ...........................................18City of La Porte .................. 1-SE Texas, 10, 11Copperas Cove EDC ..................................... 16C.R.E.A.M. .....................................................40CREN ...........................................................40CREW Dallas .................................................42CREW San Antonio .......................................44CTCAR ........................................................ 42DAC Realty Group, Inc. .................................31Danny Nguyen ............................................... 26Fox Properties ................................................15GHWCC ..........................................................51
Greenberg & Co. ...........................................31
Hankamer & Associates ................................35
Hartman Income REIT .....................................2
International Church Realty ...........................35
IREM .............................................................40
Ken Schick ....................................................35
KMorgan Real Estate Services ......................35
LandPark Commercial .....................................7
Levcor, Inc. ...................................................31
Lewis Property Company ...............................27
MIMCO Inc. ......... 1- Central/South/North Texas
Move Resource Group ...................................49
Phase Engineering, Inc. ................................38
R. S. Hart Commercial ..................................33
Red Oak Commercial .....................................19
TAO Interests, Inc. ........................................49
Tarantino Properties, Inc. .............................8,9
The J. Beard Real Estate Company, L.P. ..........29
The Richland Companies ..............................52
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If you own a business, then your website is like your car. What you drive and how you take care of it says a lot about you. And, if you don’t have a car – well, that can ruin prospects for you. The same can be said for business owners who do not have a website, or for owners whose current site is more dysfunctional than their in-laws at Thanksgiving. This article will outline why it is important for a company to have their own website. Here are some tips to make sure you are fully reaching your intended audience.
Cost – It’s less expensive than you might think. Some people may assume that the costs to have, run and maintain a website are too high, and there is not enough value to justify those costs. However, that is not the case.
Increased Credibility – One way to help your business grow is for it to be recognized by potential clients and business partners. One way to help with that is by having branded emails. A branded email is where the employees of that company’s email domain are their company name. For example, if Joe Smith’s commercial real estate firm is called Primetime Real Estate, his email address could be jsmith@primetimere.com.
A study by Verisign, the registry for .com and .net and network infrastructure operator for a variety of other domains, found that 91% of companies believe that having a branded email makes a
company more credible – however, only 54% of companies actually use a branded email.
Increased Visibility – Many firms who do not have an online or social media presence acquire a lot of their business from referrals. Having a website will increase your customer base. Potential clients want to be able to do their own research without having to pick up the phone or leave the house, especially when comparing your business to your competitors. Company bios that give a background of what you’ve accomplished as well as client testimonials are great examples to put on your website.
A potential client may feel better able to relate to you or may feel more comfortable about doing business with you once they are able to see glowing reviews about your service. Posting fresh content that is relevant to your company and industry can also help. It shows potential clients your authority in the industry and serves as a positive reinforcement for using your service.
All Day, Everyday –Your website is available 24 hours a day, 7 seven days a week, 365 days a year – something you cannot personally do. Your website is there when contacting you directly is not an option.
Below are simple tips to ensure you have a good website:
Appearance and Functionality – Your website needs to work and look professionally created. If there is no clear branding (no company logo, 12 different colors, etc…) and if your website moves at a snail’s pace, it may turn off potential clients. Remember, your website says a lot about your business – to a potential client, your website’s appearance is a direct reflection of your company’s services, so make sure it looks good and works.
The Who/What/Where/Why/How – Your website must deliver a clear message of who you are, what services you can provide, where you are established, why someone should use you and how they can get in touch. Make sure each
of these questions is quickly and thoroughly answered in a clean and professional way.
Mobile Friendly – Your website has to be mobile friendly. It should be as easy to navigate and read on a phone or tablet as it is on a desktop computer. There are a growing number of people using mobile devices to browse the Internet.
Not only are they using their mobile devices to browse the internet, the study also concluded that 34 percent are only using their mobile device to browse the internet – a trend we can expect to continue. On a computer, you may have a solid website, but if your company’s website is slow, unresponsive and difficult to read on any mobile or tablet device, you will be missing out on potential clients.
Having a solid, aesthetically pleasing website will help with your company’s brand and credibility. It acts as a base telling clients who you are and what services you can provide, as well as a means to connect with you on social media. All of that is much more affordable than you may think.
Sources:
“Small Business: Extracting More From An Online Presence.”.Forbes. Roger Kay. Web. 30 Sept. 2013.
“More Americans Using Phones As Primary Source of Internet.” NY Daily News. AFP RELAXNEWS. Web. 17 Sept. 2013.
by Jason MarshallREDNews
Your Website is Like Your Car
Having a solid, aesthetically pleasing website will help with your company’s brand and credibility.
Sixth Annual Greater Houston “No Limits” Conference for WomenWednesday, May 14, 2014 - 7:30 am to 4:30 pmRoyal Sonesta Hotel - 2222 West Loop South
Conference SpeakersDr. Jennifer Ashton, Host of “The Doctors.’” and “Good Morning America” health expert
Barbara Glanz, Author/Speaker/Consultant, Barbara Glanz Communications, Inc.Christy Haubegger, Founder & Editor “Latina Magazine”
Dr. Mae Jemison, Former NASA Astronaut, President,The Jemison GroupLaurie A. Tucker, Co-Founder/Chief Strategy Officer, Calade Partners LLC,
Former Senior Vice President, Corporate Marketing, FedEx ServicesGindi Eckel Vincent, Counsel at ExxonMobil, Author of Learning to Lead,
President of Women’s Energy Network
Breakthrough WomenRhonda Arnold, Director of Community Relations, Houston Airport SystemBeverly Babcock, Vice President, Corporate Financial Services, ExxonMobil
Kim Bates, Vice President - Asia Pacific/Middle East, ExxonMobil Exploration CompanyEmma Cochrane, Vice President - Asia Pacific/Africa, ExxonMobil Gas & Power Marketing Company
Janet Coy, Vice President, Natural Gas Marketing, Enbridge, Inc.Elizabeth Killinger, President, Reliant, an NRG Co.
Maria Rios, President & CEO, Nation WasteAlicia Smith, President & CEO, Innovative Legal Solutions
Dr. Mary Ann Wilkins, Senior Vice President & Commercial Development Officer, Stewart National Title ServicesCarlecia Wright, Office of Business Opportunities, City of Houston
Pamela Wright, Owner, Wright Pawn & Jewelry Co.
Conference PanelistsDana Ardi, Corporate Anthropology Advisors, AuthorJohn Beddow, Publisher, Houston Business Journal
Cindy Bigner, Senior Director - Global Diversity & Inclusion, HalliburtonMonica Haas, VP, External Affairs, Sempra US Gas & PowerCrystal Maggelet, CEO & President, FJ Management Inc.
John Sharp, Chancellor, Texas A&M SystemLisa Simon, President, MFT Interests GP, LLC
Visit www.ghwcc.org to register
Sixth Annual Greater Houston “No Limits” Conference for WomenWednesday, May 14, 2014 - 7:30 am to 4:30 pmRoyal Sonesta Hotel - 2222 West Loop South
Conference SpeakersDr. Jennifer Ashton, Host of “The Doctors.’” and “Good Morning America” health expert
Barbara Glanz, Author/Speaker/Consultant, Barbara Glanz Communications, Inc.Christy Haubegger, Founder & Editor “Latina Magazine”
Dr. Mae Jemison, Former NASA Astronaut, President,The Jemison GroupLaurie A. Tucker, Co-Founder/Chief Strategy Officer, Calade Partners LLC,
Former Senior Vice President, Corporate Marketing, FedEx ServicesGindi Eckel Vincent, Counsel at ExxonMobil, Author of Learning to Lead,
President of Women’s Energy Network
Breakthrough WomenRhonda Arnold, Director of Community Relations, Houston Airport SystemBeverly Babcock, Vice President, Corporate Financial Services, ExxonMobil
Kim Bates, Vice President - Asia Pacific/Middle East, ExxonMobil Exploration CompanyEmma Cochrane, Vice President - Asia Pacific/Africa, ExxonMobil Gas & Power Marketing Company
Janet Coy, Vice President, Natural Gas Marketing, Enbridge, Inc.Elizabeth Killinger, President, Reliant, an NRG Co.
Maria Rios, President & CEO, Nation WasteAlicia Smith, President & CEO, Innovative Legal Solutions
Dr. Mary Ann Wilkins, Senior Vice President & Commercial Development Officer, Stewart National Title ServicesCarlecia Wright, Office of Business Opportunities, City of Houston
Pamela Wright, Owner, Wright Pawn & Jewelry Co.
Conference PanelistsDana Ardi, Corporate Anthropology Advisors, AuthorJohn Beddow, Publisher, Houston Business Journal
Cindy Bigner, Senior Director - Global Diversity & Inclusion, HalliburtonMonica Haas, VP, External Affairs, Sempra US Gas & PowerCrystal Maggelet, CEO & President, FJ Management Inc.
John Sharp, Chancellor, Texas A&M SystemLisa Simon, President, MFT Interests GP, LLC
Visit www.ghwcc.org to register
Sixth Annual Greater Houston “No Limits” Conference for WomenWednesday, May 14, 2014 - 7:30 am to 4:30 pmRoyal Sonesta Hotel - 2222 West Loop South
Conference SpeakersDr. Jennifer Ashton, Host of “The Doctors.’” and “Good Morning America” health expert
Barbara Glanz, Author/Speaker/Consultant, Barbara Glanz Communications, Inc.Christy Haubegger, Founder & Editor “Latina Magazine”
Dr. Mae Jemison, Former NASA Astronaut, President,The Jemison GroupLaurie A. Tucker, Co-Founder/Chief Strategy Officer, Calade Partners LLC,
Former Senior Vice President, Corporate Marketing, FedEx ServicesGindi Eckel Vincent, Counsel at ExxonMobil, Author of Learning to Lead,
President of Women’s Energy Network
Breakthrough WomenRhonda Arnold, Director of Community Relations, Houston Airport SystemBeverly Babcock, Vice President, Corporate Financial Services, ExxonMobil
Kim Bates, Vice President - Asia Pacific/Middle East, ExxonMobil Exploration CompanyEmma Cochrane, Vice President - Asia Pacific/Africa, ExxonMobil Gas & Power Marketing Company
Janet Coy, Vice President, Natural Gas Marketing, Enbridge, Inc.Elizabeth Killinger, President, Reliant, an NRG Co.
Maria Rios, President & CEO, Nation WasteAlicia Smith, President & CEO, Innovative Legal Solutions
Dr. Mary Ann Wilkins, Senior Vice President & Commercial Development Officer, Stewart National Title ServicesCarlecia Wright, Office of Business Opportunities, City of Houston
Pamela Wright, Owner, Wright Pawn & Jewelry Co.
Conference PanelistsDana Ardi, Corporate Anthropology Advisors, AuthorJohn Beddow, Publisher, Houston Business Journal
Cindy Bigner, Senior Director - Global Diversity & Inclusion, HalliburtonMonica Haas, VP, External Affairs, Sempra US Gas & Power
Crystal Maggelet, CEO & President, FJ Management Inc.John Sharp, Chancellor, Texas A&M SystemLisa Simon, President, MFT Interests GP, LLC
Visit www.ghwcc.org to register
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