Publisher’s Letter
PUBLISHER
Ginger Wheless
ginger@rednews.com
FOR 100,000+ CRE BROKERS, INVESTORS & DEVELOPERS
EDITOR Marjorie Gohmert marjorie@rednews.com STAFF WRITER Janis Arnold CONTRIBUTING WRITERS Ray Hankamer rhankamer@gmail.com Austin - Rosalie Keszler San Antonio - Suzanne Scott North Texas - Dave Sorter ART DIRECTOR Connie Marmolejo - connie@rednews.com ACCOUNTING Benton Mahaffey accounting@rednews.com DATABASE MANAGER Jason Marshall jason@rednews.com
Dear Readers, This issue’s market focus is on the Texas office and industrial markets and the words CBRE used to describe the third quarter of 2013 in these markets consistently include: strong, steady, highest and best. Although several Texas economists and seasoned CRE professionals have expressed opinions that this market may plateau in 2014 and we may not be boasting “highest and best” this time next year, they still expect it to be an exceptional year in all aspects of leasing and development in the commercial and residential real estate markets.
SALES Ginger Wheless ginger@rednews.com
Print & Digital Distribution
REDNews 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 7,650 Texas Leasing / Tenant Rep 6,232 Texas Investors 4,979 Texas Developers 4,710 Outside Texas Investors, Brokers, Developers, etc 81,577 Total redNews Distribution 105,148
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Our editorial focus each month continues to be Texas development opportunities as it relates to transportation as well as development. The Dallas/Ft. Worth area seems to be at the top of their game in creating opportunity with their Mobility 2030 Plan which includes $17.7 billion in Tollway construction and $9.6 billion in light rail construction. We consistently hear a lot about west & north Houston (ExxonMobil) growth. When was the last time you took a tour of East Houston? I had breakfast several weeks ago with Sonny Flores, who was referred to me by a CRE broker who called Sonny “Mr. East End”. Sonny is a really interesting guy who has a passion for international travel and the east side of Houston. This is the oldest part of the city with a real flavor of vintage Houston. Eastwood and Idylwood residential neighborhoods are heavily wooded areas of pristine older bungalows and new residential homes (similar to West University many years ago). The Gus Wortham Golf Course is beautiful so you golfers who don’t want to wait to tee off, check it out. At the end of this year, MetroRail will complete the connector of east Houston to the CBD so there will be an easy commute via rail from east Houston to downtown. The efforts that the Greater East End Management District, along with developers and residents have made, are impressive in terms of development, redevelopment, low crime rates, and there is not one scrap of trash on the streets! Have a wonderful February and Happy Valentine’s Day!
Ginger Wheless
6 REDNews.com