Regions Southwest
Owners Increasingly Seeking LEED Certification for Existing Buildings
Sep 25, 2009
Despite the economic challenges of today’s market and economy,
developer interest in the U.S. Green Building Rating System’s
Leadership in Energy and Environmental Design program is on the rise.
Notably, while still not quite as prevalent as LEED certification for
new construction, LEED retrofitting of existing building continues to
grow.
Dallas Prepares for Future Demand with Groundbreaking on $348M Convention Center Hotel
Sep 17, 2009
The credit crunch has put a damper on hotel construction and the
ensuing recession eroded demand, thereby veritably eradicating the need
for new development. But in Dallas, city officials have an eye on the
future. Anticipating a jump in the necessity for additional meeting
facilities in the next few years, the city just broke ground on the
$348 million, 1,000-room Omni Dallas Convention Center Hotel.
120,000SF Deal is San Antonio's Largest Office Lease of Year
Aug 12, 2009
The San Antonio office leasing market is inching back from a traumatic
hit taken during the first quarter of 2009 after posting 468,800 square
feet of negative absorption. But in an office market with 20 percent
vacancy, San Antonio’s largest lease transaction of the year barely
makes a dent in those figures.
In Sluggish San Antonio Retail Market, 742,000SF Mall Finds a New Owner
Aug 11, 2009
With the economy languishing in a severe slump and the credit market in
a deep freeze, investment activity in San Antonio's retail
market--despite its status as one of the country's least-troubled
retail markets--is at a low point. So, given the circumstances,
Trammell Crow Co.'s recent sale of the 742,000-square-foot Crossroads
Mall marks quite a coup.
Economic Update - Home Price Uptick? Sort Of
Jul 29, 2009
On the heels of news Monday that new home sales were up a little, home
prices inched up as well--at least, those measured by the Standard
& Poor's/Case-Shiller Home Price Index in its raw form. In May, the
index, which measures prices in 20 metropolitan areas, rose 0.5 percent
over April, following a 0.6 percent drop the month from March to April.
The movement is notable as the first time the index has moved up in
three years.
Houston Marks a Green Milestone
May 20, 2009
As green development continues to thrive across the country, Houston’s
First City Tower has earned LEED Gold certification for an existing
building from the U.S. Green Building Council, marking a milestone for
sustainable development in the market.
Despite Economy, Leasing Continues Apace at AllianceTexas
Apr 22, 2009
With Texas' business climate not quite as dire as in other parts of the
country, Fort Worth’s AllianceTexas development hit almost record
levels of leasing in the first three months of 2009 with more than 1.2
million square feet.
Dallas
Despite Economy, Leasing Continues Apace at AllianceTexas
Apr 22, 2009
With Texas' business climate not quite as dire as in other parts of the
country, Fort Worth’s AllianceTexas development hit almost record
levels of leasing in the first three months of 2009 with more than 1.2
million square feet.
Anticipating Future Demand, Dallas Approves $514M Bond Sale for Convention Center Hotel
Jun 23, 2009
For the most part, banks still aren't lending and business and leisure travelers--inhibited by economic decline and job losses--have not exactly been escalating their travel plans, but such conditions are not stopping the City of Dallas from moving forward with its plan to develop a large luxury hotel. In a unanimous vote, the Dallas City Council has green-lighted an ordinance that paves the way for the sale of $514 million in municipal revenue bonds for the development of the $346 million Omni Dallas Convention Center Hotel, which is now scheduled to deliver in 2012.
While Industrial Sector Struggles Nationally, Fort Worth Complex Already Beats 2008 Leasing Figures
Jun 24, 2009
National numbers show the industrial market tanking, but the Alliance Global Logistics Hub in Fort Worth, Texas, has already leased 1.9 million square feet this year compared to a total of 1.1 million square feet at Alliance in all of 2008. While the industrial market nationwide took a turn for the worse in the first quarter of 2009, with vacancy rising rapidly and absorption and construction activity plummeting, tenants are taking advantage of the situation—as evidenced by the half-million-plus-square-foot lease renewals ATC Logistics & Electronics just inked at Fort Worth’s Alliance.
Summers: Dallas/Ft. Worth is M-F's 'Golden Child'
Jul 06, 2009
"Anyone who follows the multi-family market knows that Dallas/Ft. Worth has been the golden child of the multi-family industry for a while," asserts Matt Summers, president of management at Kaplan Management Company Inc.
Dallas Prepares for Future Demand with Groundbreaking on $348M Convention Center Hotel
Sep 17, 2009
The credit crunch has put a damper on hotel construction and the
ensuing recession eroded demand, thereby veritably eradicating the need
for new development. But in Dallas, city officials have an eye on the
future. Anticipating a jump in the necessity for additional meeting
facilities in the next few years, the city just broke ground on the
$348 million, 1,000-room Omni Dallas Convention Center Hotel.
Owners Increasingly Seeking LEED Certification for Existing Buildings
Sep 25, 2009
Despite the economic challenges of today’s market and economy,
developer interest in the U.S. Green Building Rating System’s
Leadership in Energy and Environmental Design program is on the rise.
Notably, while still not quite as prevalent as LEED certification for
new construction, LEED retrofitting of existing building continues to
grow.
Houston
National Economic Woes Finally Trickle Down to Houston Industrial Market
Aug 27, 2009
While the Houston industrial market continued to thrive even as the
industry malaise and economic downturn took hold, the trickle down
effect seems to have finally caught up with the market, as a gradual
contraction that began in the first quarter of 2009 continued at
mid-year.
Prepping for a Turnaround, Hyatt Announces Plans for New Hotel in Suburban Houston
Jul 21, 2009
The severely wounded economy and ongoing job losses continue to inhibit
travel among the leisure and business sets, but the lackluster
conditions are not stopping Hyatt Hotels & Resorts from planning a
new 214-room Hyatt Place within the 190-acre mixed-use Lake Pointe
Towne Center in Sugar Land, Texas, about 20 miles southwest of Houston.
Houston Mixed-Use Opens Amid Uncertain Economy
Jun 29, 2009
While Texas struggled later and possibly not as much as the rest of the country when the bottom fell out late last year, Houston’s office market continued to thrive until just recently with rising vacancies and more projects under construction. Recent delivery of projects like Citycentre’s mammoth 425,000 square feet of mixed use space right now might not be ideal timing, but developer Midway Cos. hopes to weather the difficult market.
Houston Marks a Green Milestone
May 20, 2009
As green development continues to thrive across the country, Houston’s
First City Tower has earned LEED Gold certification for an existing
building from the U.S. Green Building Council, marking a milestone for
sustainable development in the market.
Phoenix
Transwestern Wins Nearly 500,000-SF Property Management Assignment
Aug 04, 2009
Transwestern has been awarded management of One Central Park East, a 485,720-square- foot office project Mesirow Financial Real Estate is constructing at 50 East Van Buren in Downtown Phoenix. Under construction and scheduled to open in the third quarter of 2009, the 26-story Class A property will also include 9,000 square feet of retail space and an executive fitness center. A recipient of the AIA Western Mountain Region Design Citation Award, it includes an advanced insulated window wall glass system featuring exterior horizontal and vertical shade fins to combat the harsh Phoenix sun.
In Struggling Hospitality Market, Arizona Resort Moving Forward with $600M Renovation Plan
Jul 06, 2009
The currently anemic state of the hospitality sector has been well documented for some time now. Doubly stung by a sharp slowdown in both business travel and tourism—as well as the financing problems that have plagued the commercial property sector as a whole—it seems clear that the sector is in the midst of one of its toughest periods ever. The struggling state of the market, though, is apparently not discouraging the owners of the Arizona Biltmore Resort & Spa from moving ahead with a planned $600 million renovation project. Also undeterred is the Phoenix City Council, which okayed the plan late last week.
The Best Commercial Office Spaces in the Southwest
The commercial real estate industry is constantly changing. Today's challenging commercial industrial real estate can easily end up being tomorrow's hottest commodity. Keep up with the changes in the Southwest commercial real estate market by taking advantage of CPN's in-depth reporting and exceptional journalism.
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