REDNews March 2014 by RE Journals

March 2014

In this issue: Austin

Downtown Mixed-Use Retail

FOR 100,000+ CRE BROKERS, INVESTORS & DEVELOPERS

San Antonio Cutting a New Path to Growth Houston Retail Staying Power

Hines in Houston: Yesterday, Today & Tomorrow

±31,800 SF PARK PLACE MEMORIAL 5801 MEMORIAL DRIVE, HOUSTON, TEXAS 77007

NOW LISTED ±31,800 SF with ±212’ on MEMORIAL DRIVE Prestigious address, WHERE MEMORIAL PARK MEETS RIVER OAKS

OFFERS DUE: FRIDAY, APRIL 11th Bill McDade Bill.McDade@cbre.com

Kristen McDade Kristen.McDade@cbre.com

CALL FOR LISTED PRICE (713) 577-1600

Peter Mainguy Peter.Mainguy@cbre.com

© 2014 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

ner

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Table of Contents

h 2014

San Antonio: Cutting a New Path of Growth Austin Downtown Mixed-Use Retail Retail Staying Power Unique Retail Opportunities Hines In Houston: Yesterday, Today, and Tomorrow Ray’s BUZZ Last Page: Stay on Top with Digital Marketing Properties For Sale/Lease

10 12-13 14 16 18, 20 22 34

1 – 3, 5, 7 – 9, 11, 15, 17, 19, 21, 23, 33, 35

Commercial Services

1. If you DO NOT have changes please sign, date and return. 2. If you HAVE CHANGES,Environmental indicate changes on proof and return within 24 hours. Services 3. Proofs not returned within 24 hours will be considered approved to run AS IS. Moving & Relocation 4. Ads or inserts cancelled after the 10th of the month will be billed 100%.

24 33

What’s Happening in Texas CRE People on the Move Calendar of Events

30, 31 26 – 27, 36

Networking Photos

28 - 29

Deals & Announcements

30 - 32

Non-Recourse CRE Loans Most Rental Income-Producing Assets 3MM-$50MM • Quick NO upfront Onlineloan Loanfees Review

Nathan Ross | nathan@ncfco.com | ncfco.com (703)676-3435 676-3440direct direct or or (210) (703) (210) 880-5416 598-7021cell cell 4 REDNews.com

HWY 290 & Jones Rd.

R Jr em . B od ox el Av Q2 ai 20 la 1 bl 4 e

Houston, TX

(713) 961-3330

Andrew Killion

(713) 961-3330

Andrew Killion

(713) 961-3330

FM 1464 & Bellaire Blvd

Houston, TX

Andrew Killion

B ELLAIRE C ROSSING H o u s t o n , Te x a s

Hwy 105 & Tejas Blvd

En d 2, C 50 ap 0 Av SF ai la b

Lake Conroe, TX

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 - Jill Rowe San Antonio - Kim Gatley ART DIRECTOR Connie Marmolejo - connie@rednews.com ACCOUNTING Benton Mahaffey accounting@rednews.com DATABASE MANAGER Jason Marshall jason@rednews.com 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:

Dear Readers, This month’s focus is on the Texas retail markets and since retail is known to be the last to follow commercial development, it’s exciting to note how active that market is. I spoke with Fidelis Realty Partners’ Lynn Davis and their company has never been busier (see Page 14). Ed Wulfe of Wulfe & Company used the heading “Aggressive Retail Development in Houston Projected” to describe Houston’s market and Kim Gatley of REOC San Antonio & Jill Rowe of Rowe Development in Austin have only upbeat and positive things to say about opportunities in the San Antonio and Austin markets (see Page10 and Pages 12-13. )

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

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 135 Bellaire, Texas 77401

Several weeks ago I toured La Porte with Scott Livington, La Porte’s Economic Development Director. There is so much Texas history in La Porte! It brought back fond childhood memories of having Sunday lunch at the San Jacinto Inn (since replaced with Monument Inn) and a tour of Battleship Texas and the San Jacinto Monument. Scott is aggressively working with developers to bring retail to La Porte. Their town center is only one of the projects on their drawing board. Next month is A&M’s 24th Annual Outlook for Texas Land Markets being held in San Antonio, April 17th – 18th. If you haven’t attended before, you’ve missed a great event. It’s always very informative with outstanding speakers and networking opportunities. You can register online at www.recenter.tamu/edu/register. REDNews’ April issue will have a Land Focus with extra distribution at the A&M Land Conference so if you have property to sell, let me know if you want to include it in this issue. Enjoy the warm weather and Spring Break! Best Regards,

Ginger Wheless

6 REDNews.com

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 Bridgeland – Lakeland Village Center Multi-Use Development Lease & Pad Sites Available

Fry Rd., Cypress • 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

Woodforest Plaza For Lease

6334 FM 2920, Spring

Pinewood Plaza For Lease

Lakeside Commons For Lease

6318 FM 1488, Magnolia

13731 FM 1097 W, Willis

Freestanding Brick Building For Sale

9125 Jones Rd., Houston

• 3,449 SF available, 2nd generation retail space, located just 1/4 mile east of FM 2978, approximately 6 miles west of I-45. • Area retailer’s include Target, Kroger, Home Depot, Ross, TJ Maxx, PetsMart, Famous Footwear, OfficeMax and Gold’s Gym, etc..

• Space Available: 1,300 SF – 14,530 SF • Located at the lighted intersection of FM 1097 and Longstreet Rd. West and the expanding northwest area of Lake Conroe.

• 3,498 sf building, .46 acre lot • Great location with 102’ frontage, approximately .8 miles North of HWY 290 • Currently a dry cleaner with drive through lane. Equipment and business will be moved prior to sale, or may be purchased for an additional fee.

Woodwinds Shopping Center For Sale or Lease - Suites A&B

48 Acres Development Tract For Sale

4.9880 Acres For Sale

285 Sawdust, The Woodlands

24818 Gosling Rd., Spring

6753 FM 2920, Spring

• Property is located ½ mile west of Kuykendahl at the lighted intersection of T.C. Jester and FM 2920. • Anchored by Woodforest National Bank and Texas Children’s Pediatric Associates. • 2nd generation retail space available (1,340 SF former frame shop).

• Located in the Exxon/Woodlands growth corridor. • Potential Uses: retail, medical/professional, restaurant, and many others. • Convenient access to I-45 & Hardy Toll Rd.

• 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)

• South side of FM 2920 between Alvin A. Klein Drive/ T.C. Jester. South of Grand Parkway, F-2 Under construction. • 8.1miles to SH 249, Tomball and 5.5 miles to I-45. • Utilities available through MUD 32

4.67 Acres - The Woodlands Submarket, For Sale

4.996 Acres For Sale

2 Acres - The Woodlands Submarket, For Sale

5.79 Acres - The Woodlands Submarket, For Sale

10527 SH 242, Conroe (at Needham Rd.)

29305 FM 2978, Tomball

5702 FM 1488, Magnolia

• 4.67 ACRES – divisible, with additional .5694 acres contiguous available, additional 2.182 acres adjacent also available west of site.

• Located within 2.1 North of the new Baker Hughes Western Hemisphere facility • Commercial and residential development under way throughout this market area. • Five-lane road improvements on FM 2978 completed for Harris County.

• Located at a signalized intersection at the northwest corner of Westwood N Dr and FM 1488. • 183 +/- FF on FM 1488/ 450 +/- FF on Westwood N. Drive • Utilities available

• Growing Woodlands Submarket, approximately 2 miles east of Interstate 45,

SWC Woodlane @ FM 2978, Magnolia • Great opportunity for future development • 983.9 FF on Woodlane Road • Application for utility service available through Aqua Texas. • Commercial development located south of the site

10077 Grogan’s Mill Road, Suite 135 The Woodlands, TX 77380

281.367.2220 jbeardcompany.com 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.

Personalized Service. Proven Results.

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NOW LEASING | 8313 Southwest Freeway

Up to 25K Open Concept Space Ideal For School/Engineering Firms

Visit the new Center website for all the amenities, photos and floor plans! www.thecenterbuildings.com

Kris Lilly| klilly@tarantino.com | 713-772-6633

450 N. Sam Houston Pkwy

Airport Office Building | For Sale or Lease

450 N. Sam Houston Pkwy, Houston, TX

8031 Airport Boulevard, Houston, TX

• Up to 10,000 SF Available

• • • •

• L ocated just 15 Minutes from George Bush Intercontinental Airport • Covered Reserved Parking Available • Monitored After-Hour Card-Key Access System

Eric Ohlson | eohlson@tarantino.com

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

Peggy Rougeou | peggy@tarantino.com

Corporate Office: 7887 San Felipe, #237 Houston, TX 77063 (713) 974-4292

San Antonio Office:

12770 Cimarron Path St. 122 San Antonio, TX 78249 (210) 212-6222

Bingle Village Shopping Center

2305-2339 Bingle Road Houston, TX 77055 • 3,263 -8,976 SF Retail Space Available • Pylon Signage Available • Extensive Parking • Landlord will Build to Suit for Credit Tenant

Eric Dr ymalla | edr ymalla@tarantino.com

De Zavala

12770 Cimarron Path San Antonio, TX 78249 • 3,000-10,000 SF, Flex Office & Biomedical Space Available • Generous Tenant Finish-Out Allowance

Austin Office:

502 East 11th Street, #400 Austin, TX 78701 (512) 302-4500

Angleton Four Corners Shopping Center

1804 N Velasco Street Angleton, 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

Peggy Rougeou | peggy@tarantino.com

Brownstone Office Condominiums

16110 Kuykendahl Rd Houston, TX 77069 | $1M •5 .393 Acres of Land in North Houston with Improvements & 5 Office Buildings Totaling Over 20,000 SF

• Northwest Location with Easy Access to I-10 & 1604

Coni Jenkins| cjenkins@tarantino.com

Larr y Vickers | larr y@tarantino.com

Cutting a New Path of Growth by Kim Gatley Sr. V.P. & Director of Research REOC San Antonio The growing oil production in San Antonio’s nearby Eagle Ford Shale Oil Fields is an emerging economic force creating opportunities in San Antonio and southern-tier communities such as Pearsall, Pleasanton, Floresville, and Karnes City. By some accounts, the frenzied ramp-up in oil production has slowed somewhat but experts agree that activity is still strong as oilfield service companies focus on running more efficiently. University of Texas at San Antonio researchers recently reported that activities in the Eagle Ford Shale accounted for roughly 116,000 jobs and generated $61 billion dollars in economic impact in 2012. Within the next ten years those numbers are expected to grow to $89 billion and 127,000 jobs. This translates into continued growth opportunities for the San Antonio region.

The 35-mile stretch between San Antonio and Pleasanton, where population has grown by 30% over the past few years, is a likely path of new growth. Blazing the trail is the Eagle Ford Industrial Park located at the junction of I-37 and FM 536, just 8 miles south of the newly completed Halliburton Operations Facility at Loop 1604. In the middle of what used to be ranch land now stands a row of light industrial buildings, home to a handful of companies situated along Eagle Ford Drive. The growing industrial park offers opportunities for both users and investors and serves to bridge the distance between San Antonio’s workforce and the nearby oilfields. Fifteen miles north of San Antonio the city of Bulverde is another area where growth appears to be forthcoming. The planned development of Singing Hills – a 250-acre mixed-use project near the intersection of U.S. 281 and Highway 46 – is slated to bring needed infrastructure improvements to the area; this will support both commercial and residential development while bringing vital retail

10 REDNews.com

services to the region. Converse is one of several northeast satellite communities situated in what is often referred to as the Randolph Metrocom area because of its proximity to Randolph Air Force Base. With a population of nearly 20,000 people, Converse is strategically located on Loop 1604 between Interstate 35 and Interstate 10 and yet, “it is almost as if it is undiscovered territory, an untapped jewel for development,” says Kate Silvas, Executive Director of Economic Development (EDC) for the City of Converse. Accordingly, the city has recently developed a strategic master plan to encourage growth intended to create a new commercial development corridor in the city. The San Antonio River Authority (SARA) has plans to extend water and sewer services. SARA currently has two permitted, but not yet operational, wastewater facilities to service future development in the IH-10/Loop 1604 interchange area. Infrastructure improvements promise to open up significant opportunity for the region and will support the establishment of quick-serve restaurants, gas stations and additional retail. The latest traffic counts from Texas Department of Transportation (TxDOT) indicate that 31,000 cars pass through Converse on 1604 every day – up 35% over the past decade. Loop 1604 traverses most of Converse as a four-lane expressway; however, near the edge of the community, traffic is restricted to a two-lane thoroughfare. Bexar County and TxDOT have partnered on a pass-through financing arrangement to improve the portion of 1604 which spans 2.79 miles between Lower Seguin Road and IH-10 from two-lanes to four lanes to accommodate the high volume of trucks and commuter traffic. The contract has been awarded to Texas Sterling with plans to begin work in early March; the project is projected to take approximately eighteen months to complete. The area has seen a 24% population growth over the decade between 1990 and 2000 and has a 21% growth rate projected for the five-year period ending 2016. Converse and the surrounding areas are seeing significant growth in residential building. Major employers located in Converse include: Randolph AFB (9,000); Judson ISD (800+); City of Converse (148), and others, including Walmart, Meadow Burke Products, Ingram Ready Mix and Acme Brick/Featherlite. There are over 200 busi-

nesses located in Converse and there are currently several available land tracts along the busy Loop 1604 corridor that have been identified for development. The city of Converse is looking to attract a variety of commercial development including retail, automotive dealerships, medical, office, hospitality and entertainment venues. Industrial development is also being encouraged (oilfield service providers and other Eagle Ford Shale-related businesses along with information technology, manufacturing and construction). Several new businesses have opened in Converse over the last couple of years. Most recently, Nat G, a Compressed Natural Gas Solutions company based in Houston selected Converse for its expansion plans. Converse began construction of a new elementary school located along Loop 1604 at Coppergate scheduled to open in August 2014 to accommodate 800 students.

Available for Development Location Size 1604 Rocket Lane

51.5 ac.

1604 Rocket Lane

28.76 ac.

1604 Hanover Cove

27.31 ac.

1604 Lower Seguin

24.72 ac.

1604 Autum Run

22.0 ac.

1604/Coppergate

15.48 ac.

FM78/Knuepper Road

27.63 ac.

GREAT OFFICE SPACE FOR LEASE! 8300 Bissonnet - Top Floor & Building Identity Available

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2550 Gray Falls - Single Offices to 11,500 SF Available • 2 Miles West of Beltway 8 on Westheimer • Covered/Surface Parking • Card-Key Access • Professional on-site management • Local Stable Ownership • Single Offices–11,500 SF Available

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bmcgrath@landparkcommercial.com

Ric Holland

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R E D N e w s . c o m 11

www.LandParkCommercial.com | 713-789-2200

Austin Downtown Mixed-Use Retail What Works, What Doesn’t, and Why? by Jill Rowe Rowe Development

When do I get the retailers involved in the project? “Development without leasing is like coaching without playing. Until you know who and why they use the real estate, it’s hard to know what to build” said Steve Mattingly, principal of Live Oak Gottesman and iconic firm that has built much of Austin. Case in point, their well-deSteve Mattingly signed restaurant recently vacated (formerly Roy’s) near the convention center has been snapped up by Crave as their entré into Austin, leased by Mike Joyce, Chief Operating Officer of Live Oak. If retailers planned projects, what would they look like? One has to look no further than the West Sixth & Lamar area. It is anchored by Whole Foods Market world headquarters and flagship store. There is much to learn from this example. They have taken the development to the highest level, complete with inviting outdoor spaces, native landscaping, capturing rainwater and holding unique events like ice skating on the patio for the holidays. The escalator whisks you to the store after you have easily navigated the garage that electronically monitors available spaces and shows what is available, where. Their synergy of traditional retailer elements combined with the urban elements is a prime example for others developing CBD retail, or even for city code writers than inadvertently juxtapose city regulations with what makes successful retail. Across the street anchored by Office Max and Starbucks is a more simplistic combination of garage, surface parking, and some street orientation that has stood the test of time. Starbucks is reportedly one of Austin’s highest performing stores. Carrie Holt

“Get the team in place as early as possible” accord-

12 REDNews.com

ing to Carrie Holt, who is AMLI’s Retail Manager nationwide from Austin. Starting with the end in mind, maybe CBD mixed-use retail is not so different in fundamentals than traditional retail after all, albeit with unique issues and higher stakes.

What sells downtown? Clearly restaurants, nightclubs and other entertainment of all types such as theater and cultural attractions top the list of downtown attractions. What else has shown staying power? Unique concepts catering to the urban dweller such as Design Within Reach in the Second Street District have stood the test of time. Planning a large area, whether through an entity such as Downtown Austin Alliance, or further accelerated by unified ownership and marketing such as AMLI’s Second Street, create cohesion both on the leasing to retailers and the marketing to the public. Some of their most successful tenants cater to the combination of office users by day, residents by night and weekend, and out-of-town and suburban visitors at various hours. Each of these groups has unique perspective on what works downtown.

David Simmonds

Downtown is home to the majority of the highest grossing nightclubs and restaurants, according to Texas Alcohol and Beverage Commission (TABC). Tracking these numbers provides a wealth of information as one sees the locations are clustered together and should prove useful in other Texas markets too.

“Everything works downtown” according to David Simmonds, Principal and Founder of Retail Solutions, giving nod to the current rise in demand for retail. “We had a 14% increase in sales in 2013 versus 2013” said Carrie Holt.

Is foot traffic, mass transit, parking or valet best? Are one-way or two-way streets preferable? What factors affect the buildings?

This is the frequent debate, often with many at seemingly polar opposites. “Turning one-way streets into two-way streets is a death knell to downtown retail” said David, remarking that the slow down in traffic would make those in the suburbs frequent downtown less if streets were more congested. “What Millennials and Echo Boomers want is a pedestrian-friendly, walkable atmosphere” countered Lucian Morehead of Asterra Properties. When asked, “what about both?”, they laughed and said it is all in your perspective. David spoke as one coming into downtown from a suburban viewpoint, and Lucian was viewing downtown from the perspective of a dweller. Ironically, if one asks a retailer, they want the traffic and sales from both. The horses tied to the bicycle station in front of a sign reading “No Parking”, “Pay to Park” “Tow Away” and “Valet Only” is a candid shot from driving downtown that epitomizes the parking and access debate along with the shopper perspective. People will come from both within the CBD and Lucian Morehead outside if you create what draws them and an easy way for them to get there, and they will arrive on every form of transportation and access imaginable. The buses have just been relocated off Congress to Colorado Street to improve the Congress sidewalk experience. New bicycle lanes, Segways, new taxi stands for visitors and the new Bikeway, all impact the experience. With the increase in price by the City of Austin on valet stations, some projects such as the Second Street District have reduced the number of their lower volume stands; others have eliminated valet stands altogether. Construction downtown is eliminating much of the surface parking, and parking rules downtown do not require the same parking standards as suburban projects. This could have a significant impact on retail over time. “We have mixed parking for residents and public; then there is the cinema demand on parking” said Carrie. “We have a unique program with the city garage and

we validate for two hours with any retailer validation from the District. Customers need to be educated on how to get downtown and where to park. Many of the new buildings like the Federal Courthouse and the W and older buildings like the County Courthouse have no public parking” said Carrie, predicting a tightening of parking as surface lots are developed. Construction can impact the pedestrian or driving experience when multiple private and public projects are under construction simultaneously, blocking roads, alleys and sidewalks, and retailers can experience the shift in sales. The devil is in the other details too. “Trash chutes, compactors, grease traps, loading and unloading, recycling, composting, one retailer’s backof-house is the entrance to the apartment dweller, plus energy efficiency” are among the issues for Carrie. “Much of downtown has a chilled water system. We have to educate the retailers how to use it. For office buildings it’s all on a computer system. Retailer hours vary. It’s different than a closed office environment” said Carrie. Much of downtown retail is being built by multifamily or office developers as a portion of a mixed-use project, and the variety of factors is beyond traditional experience and expertise.

What’s next? “Get a marketing plan, yet don’t be afraid to make changes if something doesn’t work. Spend the money to make the change. The return is worth it at the end of the day. At the time Second Street was developed, it was AMLI’s first high-rise, a mere decade ago. It was a great investment to be first, securing a premier location”. When asked about the coming competition from the Green Water Treatment and Seaholm Developments, Carrie sees the synergy more than offsetting the competition, and welcomes Trader Joe’s and others to the market. “I wish I had 150,000 square feet of shallow bay-depth space to lease in the Austin CBD. We would have it leased in less than ten months, all 150,000 square feet of it” said David Simmons. “Ann Taylor Loft is what’s newest for us, just signed and not yet announced, and we are full with the full execution of three new leases out for signature now,” remarked Carrie Holt. “Retailers run in packs, especially national and regional retailers, so this will bode well for the Second Street District and CBD in general.” “We are putting a trailer inside our building at 721 Congress for SXSW” said Lucian Morehead. “Actually, three to four trailers. We are fortu-

“Downtown is home to the majority of the highest grossing nightclubs and restaurants in Austin.”

“No Parking”, “Pay to Park”, “Tow Away” & “Valet Only”

nate that the user we landed, who also has locations at Barton Creek Mall and Domain is now recruiting the retailers for the other trailers”. This exemplifies how retailers run in herds, even to the point of recruiting one another. Yes, the site selectors and brokers for complimentary retailers share information, so it can be an all or nothing game when recruiting. Though this is a temporary use, these retailers will experience Congress Avenue in Austin, hopefully making them one step closer to a longer term CBD commitment, and giving Congress Avenue the exposure that Downtown Austin Alliance and others have worked tirelessly to create. My betting chip would be on Apple, as they are known for this kind of innovation. If not, it’s clearly someone similarly innovative. An

indoor trailer park? Only in Austin, where keeping it weird is the new normal. “ Jill Rowe is Chief Visionary of Rowe Development; an Austin based commercial broker, developer, strategist, consultant and expert witness, and has been brokering, developing, assembling and consulting on CBD commercial real estate over the past two decades, including one of the former Intel parcels and surrounding properties back before West Sixth was cool, and is actively involved in numerous CBD developments currently. She can be reached at rowedevelopment@gmail.com or 512-750-1977.

REDNews.com 13

Retail Staying Power Lynn Davis, a co-founder and partner with Fidelis Realty Partners, has been in the commercial real estate field for the past 26 years and in 2012 she was named one of the top 15 women in commercial real estate in Houston. Lynn’s father, a mortgage banker, suggested real estate to her when she graduated from the University of Texas with a marketing degree. Lynn’s father, who died when she was twenty-seven, has always been an example to her and has had a strong influence on her life. Her dad told her, “You can do anything you want. You just have to put your mind to it. Remember, its 90% attitude and 10% everything else.” Certainly these words continue to inspire and influence her today.

Lynn Davis

Lynn’s first CRE job was with Trammell Crow in 1987. She started out as a property manager and a leasing agent. Her learning curve was steep, in part because she was with a great company and was given the opportunity to learn how to budget projects through her property management responsibilities, as well as leasing retail space. During her 15 years with Trammel Crow, she worked closely with Alan Hassenflu, who was the number one retail developer within Trammell Crow, and she leased all of the properties that Alan developed. One day when they were visiting some retailers, Alan said, “I’m going to break off and start my own company; do you want to be my partner?” Lynn reports that she immediately responded, “Absolutely!” So, in April of 2003, the two of them started Fidelis Realty Partners. Lynn says, “People have asked me if I was nervous, but the truth is, I really wasn’t. I had total confidence in Alan’s real estate abilities and knew from our years of working together he would be the right partner to start a company with and we’ve built an incredible team here at Fidelis. Our primary goal has been to buy properties, develop

14 REDNews.com

them and hang on to them. We don’t want to sell our properties; however, sometimes we’ll be working with a partner who insists on selling, so it does happen, but selling isn’t our preference.” Fidelis’ first project was Baybrook Square in Clear Lake, which they bought to redevelop. At the same time, they started working on Bunker Hill on I-10. Bunker Hill started out as a three-acre tract that was a rock quarry, and grew into 45 acres by the time they combined 7 tracts of land. From start to finish, that project was ongoing for 7 years, from the first closing to the date when the HEB opened. Fidelis has grown to include over 40 employees including management, construction, graphics and accounting departments, as well as legal and development departments. “We have a fully integrated team to handle a project from start to finish”, says Lynn. Glenn Airola joined Fidelis in 2007 as a partner and their general counsel. Carson Wilson, who joined Fidelis six months after the company was formed, was Lynn’s first leasing agent and became a partner in 2013. Fidelis recently opened an office in Dallas for the purpose of purchasing and developing in the North Texas area. The company currently owns 50 shopping centers, ranging in size from 10,000 to 500,000 square feet. They started Fidelis with 1,000,000 square feet and now have $6,000,000 in assets and over 1,000,000 square feet under development today. During the recent economic downtown, they, like everyone else, weren’t really developing any centers, but they did continue to acquire property. During 2010, they acquired a property in Santa Fe, New Mexico, redeveloped two K-Mart stores, one in Humble, Texas and one in Lafayette, Louisiana as well as built a 130,000 SF Whole Foods shopping center that opened in early 2013. Today, they own properties in New Mexico, Louisiana, Abilene, Midland, Austin, College Station and Houston. They are aggressively buying and looking for development land. Currently, they have a HEB under construction at the corner of San Felipe & Fountainview and are working on another HEB at the corner of El Dorado & Clear Lake City Boulevard. They are also redeveloping Willowchase, in Houston, which is located at SH 249 and FM 1960. Fidelis is excited to have partnered with Black Rock on the Meyerland Shopping Center purchase. Black Rock seems to Lynn to be a perfect company for them to partner with as they, like Fidelis, plan to hold the asset long term. “We love Meyerland. It is located in a very densely populated area with

4500

not a lot of retail competition. This is an asset that we’ll never want to sell,” says Lynn. Lynn is also very excited about an exclusive partnership Fidelis has just formed with a large pension fund. The first fund is $105 million, and the second fund will be $200 to $300 million, which, when leveraged, will allow them to buy core and value-add assets valued between $800 million to $1 billion.

“You can do anything you want. You just have to put your mind to it. Remember, it’s 90% attitude and 10% everything else.” Lynn remarks about the significant changes in the retail market from 1987 to today in terms of what she’s learned along the way. One thing Fidelis won’t do again is buy any land with debt. Going forward they will purchase with equity only. Also noted is that with many bankruptcies during the downturn (Circuit City, Linens N Things, etc), it’s important today to create more of a win-win between tenants and landlords related to cotenancy and exclusive clauses in leases. When asked about the effect of online shopping on retail, Lynn remarked that online shopping first started in ’04 when it amounted to about 2% of Christmas season sales. Fast forward from there, and Christmas sales this past year accounted for about 15% of sales; however, if you analyze that number for the entire year, the actual amount of Internet sales relative to the entire market was about 6%. This is actually a small part of the market. Retailers are seeing customers research to find out what is available and then going into the stores to make their purchases. Often, buyers will order online and pick up in store. Retailers are also aware that with good mobile apps, customers are coming into the stores and using their smart phones to comparison shop with actual merchandise that they can see and touch in front of them. Smart retailers are embracing the technology and are using it to their advantage to become more successful. “Retailer store sizes may become a bit smaller but there will always be storefronts.” Lynn concludes, “The commercial real estate business is a fun and challenging industry and I anticipate the next couple of years to be an especially busy and exciting time to be in the retail market.”

Retail for Lease Available 1,805 SF

10,000 SF Pending Lease

Available 656 SF

4,617

Property Information:

Aio Wireless

Available 2,642 SF

Major Tenants:

5,169

2,580

1,368

Located in North Houston directly off I-45 N (exit 60 A) between Goodson & W Dyna Dr., in Harris County. North 45 Plaza has excellent visibility from the freeway with easy on and off access from I-45. Close access to Beltway 8. Boost

2,642

2,199

Income Tax

Available Property Information:

Available 1,244 SF

Available 4,614 SF

Available 2,580 SF

DD's Discounts, Melrose, Salon Park,

SF CiCi’s Pizza, Harbor Freight Tools, VIP Wigs, Family Dollar, Located 2 miles west of the 2,199 E. Sam Houston Tollway / E. and Clothesmax and Ace Cash Express. Beltway 8, on Spencer Highway at the lighted intersection of •Short Term Lease •Office/Medical Use Blueberry Ln. The Shopping Center offers high exposure Demographics 1 Mile 3 Mile 5 Mile •Alternative Use Population 19,527 104,176 260,309 and visibly from Spencer HWY and is surrounded by densely Household 5,468 31,867 80,350 populated neighbors with close proximity to Bayshore MediAvg HH Income $41,453 $47,205 $51,878 cal Center.

Restaurant Space Available 3,136 SF

Dyna Drive

Available 2,450 SF

Available 1,643 SF

Goodson Drive

Available 1,611 SF

Blueberry Lane

Dewberry Lane

2,450

656

1,805

2,639

Available 2,610 SF

TrafficRoad Counts Frontage

302,000 I-45 North of W Dyna Dr. Major TenantsFor : Family Dollar, Radio Shack, Cici’s 186,600 I-45 South of Brian W Dyan Dr. Information: Christian Barraza Ellisor

Spencer Highway

For Information: 713-681-0600

christian@redoakcre.com Pizza, Partners Sales713-681-0600 & Leasing, H&R Block, Boot Mobile, Beltone, etc. Leasing Availability c

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 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.

Parkview West

brian@redoakcre.com

1,368 to 11,400 s.f. + / -

North 45 Plaza

For Information: 713-681-0600 Brian Ellisor brian@redoakcre.com

Christian Barraza 10990 TX 77037 Demographics 1 North Mile Freeway, 3 MileHouston 5 Mile christian@redoakcre.com

3421-3513 Spencer Hwy, Pasadena, TX 77504

Population 15,387 149,432 286,535 Household 5,991 48,636 94,399 Red Oak Commercial 10900 Northwest Freeway, Ste. 223 Avg HH Income $50,253 $55,486 $58,832

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.

Traffic Counts

30,050 Spencer Hwy West of Blueberry Ln. Spencer Hwy East of Blueberry Ln. Build to 35,570 Suite

Available 5,631 SF ATM

Tidwell Road

Available

Available 1,000 SF

1-5,000 SF For Information: Barraza NorthwestBrian Ellisor Red Oak Commercial Christian 10900 Freeway, Ste. 223 Houston, TX. 77092

713-681-0600

christian@redoakcre.com

brian@redoakcre.com

TitleMax

errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. 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.

Tidwell Place

900-940 East Tidwell, Houston TX 77022

Available 1,200 SF

Metro PCS

Will Sub-Divide 1,252 SF

656 to 2,610 SF Pad Site For Information: 713-681-0600 Christian Barraza Brian Ellisor Available 5,000 SF christian@redoakcre.com brian@redoakcre.com

QW World Party Supply

Available 2,503 SF

Leasing Availability

Available 1,800 SF

Available 2300sf

Airline Road

5,631

2,503

or Ground Lease

For Information: 713-681-0600

Christian Barraza christian@redoakcre.com

Woodforest Shopping Center

Brian Ellisor

brian@redoakcre.com

421-474 Uvalde Rd & Woodforest Blvd, Houston TX 77015

Unique Retail Opportunities in the Heart of Texas’ Past & Future History La Porte is a very stable, growing community that has been overlooked and under-served in the area of retail and restaurants for decades. Founded by French settlers in 1889, the community became known as the “La Porte”, which translated from French means “Gateway”, because of its proximity to what later became known as the Houston Ship Channel. La Porte is also home to the San Jacinto Monument and Battleground, where Texas won its independence from Mexico in 1836, and the Battleship Texas. 500,000 tourists visit the San Jacinto Monument, Battleship Texas, Sylvan Beach Park, historic Main Street, Bay Forest Golf Course, Houston Bayport Cruise Terminal, and 5 Points Plaza each year.

5 Points Plaza, S. Broadway, a city-owned 300 acre municipal airport, and city-owned 8.5 acres on the bay-front near Sylvan Beach Park. La Porte’s historic Main Street, which contains antique stores, restaurants, a cinema hall, and novelty shopping, is connected to both 5 Points Plaza, Sylvan Beach Park, and S. Broadway. 5 Points Plaza is the community’s park for special events, while S. Broadway is the center of the community’s plan to re-develop existing retail centers and create a pedestrianfriendly environment for daytime, evening, and weekend activities at Sylvan Beach. Other ‘names in the news’ in La Porte: Rob John-

son, owner of Rob Johnson Interests, is constructing La Porte Plaza at the SWC of SH146 & Spencer Hwy. Dollar Tree will be the anchor of the 3 acre retail center, and plans are underway for Phase II on an adjacent 2 acre tract. Ford Scott, Partner at Capital Retail Properties, is undertaking a retail development on Spencer Hwy called the Shops at Spencer. Jason Leopard of Leopard Realty owns a building on Main Street, which has been recently leased by a restaurant planning to open by the end of March 2014. Nizar Manesia is planning to construct a new Hampton Inn & Suites on State Hwy 146 in La Porte.

Today, La Porte lies between the two international terminals of the Port of Houston and at the center of the 2nd largest petro-chemical cluster in the world, where billions of dollars of new projects have been announced. La Porte is the “hole in the donut” that is surrounded by retail/restaurant development in Baytown, Pasadena, and Clear Lake/ Webster, but unique opportunities for retail/ restaurant development await astute investors. In La Porte’s Primary Trade Area, the pent-up retail demand is $437 million in sales and 500,000 sf of retail space with a population of 380,000, an avg. HH income of $72,000, and a daytime workforce of 154,000. Opportunities for retail/restaurant development are available along State Hwy 146, Fairmont Parkway, Spencer Hwy, the historic Main Street District,

Come and Join Us! Robert Earl Keen’s “A Texas Uprising” -- March 15th at the Battleship Texas’ Centennial Celebration Texas Independence Relay -- March 29th-30th San Jacinto Day Festival & Battle Re-Enactment on April 26th Sylvan Beach Day Festival on April 25th and 26th 16 REDNews.com

1960s 1970s 1980s 1990s Hines in Houston: Yesterday, Today, and Tomorrow The Association of Commercial Real Estate Professionals (ACRP) was founded in 1987 as a business oriented non-political association to enhance its members’ and guests’ knowledge of the commercial real estate industry, to establish business relationships and promote comradeship among a diverse group of individuals who are affiliated with or have an interest in the Houston commercial real estate industry. On January 30th, Mark Cover spoke to ACRP members at their monthly breakfast meeting at the Houston Country Club. Mark Cover, who has been with Hines for over thirty years, spoke about the company’s early years. Gerald Hines founded his namesake firm in Houston in 1957. Since then, Hines has steadily grown into a global powerhouse in real estate investment, development Mark Cover and management. Today, as a co-owner, along with his son Jeffrey, Gerald Hines leads the firm’s Executive Committee, participates in new business and investor relationships and advises the firm’s regions on architectural excellence. Gerald began his career as an air conditioning contractor. After WW2, he moved to Houston and began putting air conditioning in Houston buildings. At some point, he began to build the buildings that were going to house the air conditioning systems that he installed. Today some of those buildings have been torn down, but not all of them. Some of Gerald’s first commercial buildings can be seen on Richmond Avenue. In the sixties, he began to build taller buildings and some of those buildings were “colossal disasters”, but Gerald continued to learn as he built up his company. Almost fifty years ago, Gerald Hines convinced a global oil company to relocate from New York into the fifty-story building he would construct for them out of poured concrete. At that time, he hadn’t built a commercial building taller than five stories. The Shell Building is still standing today. Conventional wisdom has it that that building will still be standing after the rest of downtown Houston has fallen down. Because Gerald, as an engineer, knew that he’d have a lower life cycle cost, and a less expensive mechanical system that would be quieter as well as cheaper to run, he put in thirteen foot poured floor heights which has al-

lowed the building to be updated and remodeled multiple times.

2000s

2010s

very precise spacing of these homes. This project consists of a 47-acre tract behind the Star Motor Dealership on Old Katy Road. Hines develops indepth community plans and works with some excellent homebuilders. A new project, slightly less dense, has just been approved in the Woodlands. Hines first entered this market in the Dallas area, and to date has completed approximately 15 of these planned community projects. He deals with zoning, land conditions, and the timing needed to get the houses built on a sequential basis. Another area where Hines has a current expanding focus is industrial which originated in Mexico and Panama and subsequently has expanded back into the U.S.

Another of Gerald’s innovative ideas initially greeted with skepticism by many in the industry was his decision to build a mall with an ice skating rink along 610 in what was then, literally, a cow pasture. After the eighties, a period of time which saw some overbuilding in Houston, Gerald Hines began to focus on decentralizing the company. He focused on diversity with a geographical emphasis, resulting in the creation of regional offices being established in New York, Chicago, San Francisco, and several other areas. This was fortuitous timing on his part, as by the time Houston was hit with the ‘oil bust’ of that decade, Hines had sold some of the local assets in order to deploy that money into other parts of Decades of Development the United States and eventually other Hines Portfolio of Projects parts of the world. During the S&L crisis in Downtown Houston time period, some in the firm wanted to buy buildings, but Gerald could never be convinced that it was wise to buy a building his company hadn’t constructed. Hines Portfolio of Eventually, during the nineties, Hines did acquire some buildings in Houston that Projects in had been constructed by others. This is whenHines Hines purchased Greenspoint Portfolio of and Downtown Houston Phoenix Tower. Since the year 2000, the company has continued in to broaden its Projects scope and reach. He is heavily involved in investment management, and literally Downtown built a capital marketsHouston group. Hines built 717 Texas, Hilton Americas for the city, and Cisco’s headquarters on the west side of town. Today, looking at Houston’s downtown area, at least half of the buildings were either built or renovated by Hines. He is responsible for many oil and gas corporations’ relocation to Houston, and recently started construction on 2920 San Felipe and 609 Main at Texas. Hines has also expanded their footprint into multi-family, currently The Southwest Division of Hines, located in Houshaving four projects in various phases of comple- ton, employs about four hundred people, includtion. Projects in the works include: WaterWall Place ing project management and engineering folks, and has grown very rapidly of late. According to (leasing started in December; today there are alMark, “In the history of our firm, we have never ready 66 leases), a new building downtown adjabeen this busy in Houston. We have 17 for-sures cent to Market Square Park, the old Café Adobe and a couple of may-bes in the pipeline right now site at 2111 Westheimer, and another building lowithin the greater Houston area.” Mark reports that cated in the Museum District on Southmore. Hines has a wonderful team of young people who Hines’ recent foray into single family residential are all having a lot of fun, as well as staying really utilizes an “in-town” master plan which involves busy these days. Globally, Hines has a presence

Decades of Development

continued on page 20

18 REDNews.com

THE PLAZA AT WALDEN

Walden Rd

WALDEN PLAZA

Conroe

1950s

1960s

1970s

1980s

1990s

2000s

2010s

continued from page 18

in eighteen countries as well as the U.S. Hines is “ramping up all over, putting out a lot of capital.” When asked about opportunities, Mark foresees that Houston will continue to be a global gateway market for investors. This is due primarily to the energy business, the port, and the Texas Medical Center. The broadening of the U.S. manufacturing base is in its early stages but will likely create industrial opportunities here as well. There is growing recognition of the need for useful workforce training, which means that rather than trying to send every child to college, the technical aspect of training that is needed to produce a skilled workforce must be addressed. Thus education is a challenge. Transportation/infrastructure represents another significant challenge to continued growth and development. High density with a balance is cru-

Today

Other challenges include the fiscal stability of the city of Houston as it relates to its pension plan and, at the national level, regulatory and fiscal confusion continue to increase and this is, of course, a concern.“None of us can keep on spending and not looking at our checkbooks,” he said. Global

power shifts are another area of concern to Hines’ international investors. Many of them say they are extremely worried about “The United States giving up its leadership position in the world. That’s how they look at it; we’re giving it up. The investors say that, ‘if everybody was nice, it would be fine, but everybody’s not nice’. Current U.S. policy only seems to give more and more boldness to bad actors to beat up on their neighbors.” To summarize: Mark believes that opportunities abound, that challenges are being addressed, and the future is bright. “We should all be thankful that we’re here and enjoy the opportunities that we have.” He continued, “We’re excited to live in a place that has the opportunity to grow as this city is growing, although in respect to some of the infrastructure challenges, we have no idea how we’re going to get to there from here. Hines is looking forward to being a part of it, however.”

Going Deeper in EstablishedToday Markets

Today

Somerset Green

cial. “There was some controversy regarding our high-rise development in River Oaks.” Mark noted that when he talked with some of the people opposed to the project and when questioned about cities they like to visit, they mentioned cities such as Paris and New York, all of which have high density projects and elaborate transportation systems available to their workforce. “Houston is going to have to develop bigger, bulkier ways to move people within the city.” Mark notes that although Houston is spread across the prairies to the city, it’s rewarding to be a part of creating a vibrant city with a core and density that is exciting and fun.

Two Shell Plaza Redevelopment Market Square 609 Main at Texas

Confidential BTS

Confidential BTS BG Group Place

2111 Westheimer Confidential MF Development

WaterWall Place

Today

2229 San Felipe

609 Main at Texas

Going Deeper In Established Markets

Museum Tower

GoingConfidential Deeper In Established Markets BTS 2229 San Felipe

Today

WaterWall Place

Somerset Green

BG Group Place oing Deeper In Established Markets

Market Square

2229 San Felipe

Today

21eleven Westheimer

609 Main at Texas

Going Deeper In Established Markets

Somerset Green

2 0 R E D N e w Going s . c o m Deeper

In Established Markets

Pinto Business Park

Going Deeper In Established Markets

LAND/CHURCHES FOR SALE

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................................ ........... ..... $299,500

3.9 Acres

Greenberg & Company Retail Space Available Commercial Real Estate Brokerage Firm

Great Locations - Major Thoroughfare www.greenbergcompany.com

Richmond @ Fountain View

Westheimer @ Dairy Ashford

Retail/Office Space Available Retail - 1,809 SF/Office - 755 SF

Retail Space Available 1,535-4,657 SF Available ATASCOCITA

7225 Bellfort Avenue..................................SALE PENDING.............. $174,500

Miracle Christian Fellowship

16310 Chimney Rock - 15,000 SF.............SALE PENDING.............. $855,000

Multi-Purpose Bldg

710 College St. - 7,200 SF........................................................... $650,000

Religious Facility in South Houston

Beaumont St. @ Illinois - 11,800 SF............................................ $799,000

Baytown Campus/Training Center Facility (Income producing property)

301 Ilfrey................................................................................... $3,400,000

Richmond @ Weslayan

Westheimer @ Gessner

NEW RETAIL COMING SOON Greenway Plaza/Upper Kirby/3,600 SF

Retail/Bank/Medical Drive Thru/4,433 SF Available

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

Contact Broker: David Greenberg - David@greenbergcompany.com Phone: 713-778-0900 Fax: 713-782-7445 5959 Richmond Ave., Houston TX 77057

Dunlavy

Woodhead

50,000 SF Land Available “Inside The Loop!” Colquitt St

Great for Retail or Mixed Use! North side of Richmond Avenue

Richmond Avenue

Between Dunlavy & Woodhead 110 Per Square Foot

Blake Hillegeist 832.860.6066 | blake@blakesellshouston.com REDNews.com 21

HOUSTON

COMMERCIAL BUZZ

RAY HANKAMER Hankamer & Assoc, Broker, Houston Contributing Writer

2014 CCIM’s Forecast Competition

The following consists of a portion of each panelists’ remarks. For Ray’s full recap, go to www.rednews.com/march-buzz. Keynote Speaker: Mark Dotzour, PhD.: • 2014 will see a continuation of growth but at more moderate rate, mainly because oil & gas growth is slowing • Shortage of residential lots could dampen the recovery since so much consumer spending comes with new home development • Few lots mean expensive lots, mean expensive homes, mean more people stay in apartments • “We need serious immigration in this country” because there are labor shortages appearing in construction and other industries • 55% of economy is based on consumer spending, but most wealth concentration is with people who buy Mercedes, and not Walmart and Target shoppers, whose store sales are flat or eroding Land-Moderator Frank Fitzgerald, Sr. VP, NewQuest Properties; Keith Edwards, Sr. VP, Caldwell Companies; David Marshall, Principal, ARA Land • Land prices on developable residential subdivision tracts are high and going higher, and it takes about 3 years to bring lots to the market with permits, drainage, MUD creation required • According to Houston Association of Realtors there is only a three months’ supply of resale homes on the markets, a very low supply-this drives up prices • Infill land prices will remain high and finding sites as large as 2-5 acres remains very difficult • There are 12 high rise apartments under construction in Houston now • Office development, multi-family, and industrial growth may level out in 2014 due to expensive or shrinking availability of good sites Multi-Family-Moderator Alan Patton, PresidentThe Morgan Group; Ryan Terrell, Sr. DirectorGreystar; Kenneth Valach, CEO, Trammell Crow • We will see some softening in some pockets around the Houston Metro area but it will be

22 REDNews.com

temporary-overall MF development in 2014 could surpass 2013 • Building is all at upper end of market, which will get overbuilt, and there will be softening in Katy, Greenway Plaza, and Galleria for the time being • Medical center area and The Woodlands remain strong-we may see low rise garden apartments aimed at a lower price point going up in the suburbs • 30%-40% have dogs (!) and landlords are accommodating them-75% of new apartments are one bedroom and they are trending smaller and smaller but with more common area amenities • Houston is on the radar for international investors, such as from Lebanon, Israel, Kuwait, Germany, and Japan-this investor interest has intensified in last 18 months • High equity requirements for homebuyers is good for MF landlords Industrial-Moderator Bill Byrd, Principal, Colliers International; Justin Bennett, Regional VP, DCT Industrial; Rusty Tamlyn, Sr. Managing Director, HFF • All industrial investors nationwide are “trying to get to Houston or are already here”-there is a huge demand for projects ten years old and newer • Demand for warehouses has changed from oil & gas and manufacturing to consumer logistics driven development: distribution of food, mattresses, and other consumer items; amazon is coming to Houston • This new demand requires higher “clear heights” of up to 36 feet, which is new for Houston, as sophisticated fork lifts and racking systems are being developed • Port of Houston submarket is seeing increase in production of plastic products and this calls for special warehouses and good rail infrastructure

Retail-Moderator Abe Pacetti, VP, Regency Centers; Lance Gilliam, Partner, Waterman, Steele; Micha van Marcke, Sr. VP, Transwestern • Amazon is going to double its warehouse /distribution space in Houston; in other cities they are leveraging their platform to deliver fresh food and other products • Ecommerce is now responsible for 11% of all retail sales, with a 15% annual compounded growth-the brick and mortar merchant who knows how to use online selling in conjunction with physical stores will succeed • Retailers who are “commodity retailers” who can’t differentiate themselves from their competitors – like JC Penney- will probably not succeed • Rent rolls and tenant mix are changing and in sort of a turmoil, and landlords should pay careful attention to balancing the mix Office-Moderator Dan Miller, Sr. Managing Director, HFF; Bob Parsley, Co-Chairman and Principal, Colliers International; Jon Silberman, Principal/Partner, NAI Houston • 2013 was a great year with pent-up demand, mainly from energy and energy-related companies-2014 should be more “normal” • Tenant floor plans are evolving, as successive generations prefer smaller square footage per employee: Baby boomers: 350 SF; Generation X: 250 SF; Millenials: 150 SF…resulting in revised floor layouts and space utilization • We now have under construction about 6 million SF in a market that has 285 million SF in place, so this is not a surge of overbuilding • Overbuilding is less likely since “every player knows what every other player is doing” • Majority of office growth has been due to oil and gas companies and service companies; but service companies are “people” and they can quickly be laid off if revenues sag

OFFERING PROPERTIES HOTEL CONSULTING

Property Description Listing Broker Location OFFERING PROPERTIES • Beach Lots...................................................................Hankamer..................Gilchrist HOTEL CONSULTING • Retail/Hotel Sites .......................................................Hankamer..................Brownsville OFFERING PROPERTIES

• B&B..............................................................................Hankamer..................Near Houston HOTEL CONSULTING • Hotel, Condo, Retail Site - Cruise Terminal ..............Hankamer ..................Galveston

2014

• Freeway Sites - I-20 ....................................................Hankamer ..................Monahans • 30 Acres - Commercial/Rail Serviced.........................Hankamer..................Tomball • Hotels..........................................................................Ortiz ...........................Statewide • I-45 Huntsville 12 Acres Residential/Commercial.............................................Hankamer..................Huntsville

HANKAMER HANKAMER & ASSOCIATES & ASSOCIATES BROKERS, L.L.C.

Brokers: Ray Hankamer, Jr. rhankamer@hankamer.com BROKERS, L.L.C. Pablo Szub szub@mail.com Hospitality Consulting Services Sergio Ortiz 30 Years Experience As Hospitality Consulting Services sortiz@hankamer.com Developer | Owner | Operator Jamie Irvine 30 Years Experience As jirvine@hankamer.com

(713)| 789-7060 Developer Owner | Operator

(713) 789-7060 www.hankamer.com

www.hankamer.com

Brokers: Ray Hankamer, Jr., Pablo Szub, Sergio Ortiz, Jamie Irvine e-mail: rhankamer@hankamer.com • sortiz@hankamer.com szub@mail.com • jirvine@hankamer.com

CREW DALLAS GOLF CLASSIC LAS COLINAS COUNTRY CLUB

RESERVE YOUR SPOT TODAY!

4 .14 .14 L I M I T E D S PA C E !

CREW IN THE

214.890.6490 COMMUNITY crew-dallas.org

CREW DALLAS

The CREW Dallas Golf Classic proceeds support local non-profit organizations whose mission is to improve the lives of women and girls in the community. Since inception, CREW in the Community has donated over $3 million to benefit women and girls in need.

(713) 789-7060 www.hankamer.com

LEVCOR, INC.

Brokers: Ray Hankamer, Jr., Pablo Szub, Sergio Ortiz, Jamie Irvine e-mail: rhankamer@hankamer.com • sortiz@hankamer.com szub@mail.com • jirvine@hankamer.com

PHARR TOWN CENTER OPEN SUMMER 2015 LEASING INFORMATION

Dan Smith

713.268-3716 dsmith@levcor.com

Pharr

www.levcor.com REDNews.com 23

Environmental Risk Alert:

Environmental Risk Alert: Standard EPA Adopts New ASTM EPA Adopts New ASTM Standard Environmental Risk Alert: EPA EPA Adopts New ASTM Standard Adopts New ASTM Standard AsAs of December 30, 2013 , the Environmental Protection of December 30, 2013 , the Environmental Protection

Agency approved the new Phase I Environmental Site As of(EPA) December 30, 2013 , the Environmental Protection Agency (EPA) approved the new Phase I Environmental S As of December 30, 2013 , the Environmental Protection Assessment (ESA) ASTM E 1527-13 standard for All Agency (EPA) approved the new Phase I Environmental Site Agency (EPA) approved the new Phase I Environmental Site Assessment (ESA) ASTM E 1527-13 standard for All Appropriate Inquiries (AAI) Landowner Liability Protections. Assessment (ESA) (ESA) ASTM E 1527-13 standard forfor AllAll Assessment ASTM E 1527-13 standard Appropriate Inquiries (AAI) Landowner Liability Protectio Appropriate Inquiries (AAI) Landowner Protections. Appropriate Inquiries (AAI) Landowner Protections. Phase Engineering’s Phase I reports comply Liability withLiability the EPA’s ESA requirements. PhasePhase Engineering’s Phase II reports comply withEPA’s the EPA Engineering’s reports comply with Phase Engineering’s PhasePhase I reports comply with thethe EPA’s ESArequirements. requirements. ESAESA requirements. Licensed & Certified Lender Approved

Full range of nationwide Licensed & Certified professional environmental Approved Licensed & Certified services including: Licensed & Lender Certified Full range of nationwide Lender Approved Lender Approved Phase I and Phase II professional environmental Full range nationwide Fullofrange of nationwide ESAs services including: professional environmental

Melanie Edmundson, P.G., Principal Mobile 713 826 3342 Melanie@PhaseEngineering.com Melanie Edmundson, P.G., Principal Mobile 713 826 3342 Melanie@PhaseEngineering.com

Melanie Edmundson, P.G., Principal Mobile 713 826 3342P.G., Principal Melanie Edmundson, Melanie@PhaseEngineering.com

Mobile 713 826 3342 Melanie@PhaseEngineering.com

Morgan Moliver, Client Services Manager Mobile 817 821 2565 Morgan@PhaseEngineering.com Morgan Moliver, Client Services Manager Mobile 817 821 2565 Morgan@PhaseEngineering.com

Morgan Moliver, Client Services Manager Mobile 817 821 2565 Morgan@PhaseEngineering.com

Morgan Moliver, Client Services Manager Mobile 817 821 2565

professional environmental Asbestos • Mold•including: Phase I Lead and Phase II services services including: Stormwater PhasePhase I andESAs Phase II I and Phase II Compliance Asbestos • Mold• Lead ESAs ESAs Wetlands• Stormwater Asbestos PCAs • Mold• Lead Compliance Asbestos • Mold• Lead Stormwater Wetlands• PCAs Stormwater For details on how your due diligence

Compliance Wetlands• PCAs

can affect your transaction, call us at Compliance

details diligence 800For419 8881on orhow visityour duePCAs Wetlands•

can affect your transaction, call us at www.PhaseEngineering.com. For details on how 800 419your 8881due or diligence visit can affect your transaction, call us at diligen www.PhaseEngineering.com. For details on how your due

800affect 419 your 8881 transaction, or visit can call us

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800 419 8881 or visit

www.PhaseEngineering.com.

EVENTS • NETWORKING • DEALS • ANNOUNCEMENTS

What’s Happening in 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!

REDNews.com 25

EVENTS CALENDAR

SOUTHEAST TEXAS March 5 – Wednesday CREW Houston Monthly Luncheon – Panel: Are Property Taxes Eating Your Lunch? 11:30am – 1:00pm www.crewhouston.org March 6 – Thursday HRBC Monthly Breakfast – County Judge Ed Emmett 7:00am – 8:30am www.houstonrealty.org

(HOUSTON AREA)

For more nformation or to register for events, log on to organization website.

March 13 – Thursday CCIM Houston Monthly Luncheon 11:30am – 1:00pm www.ccimhouston.org

March 25 - Tuesday ACRP Houston Happy Hour 5:30pm – 7:30pm www.acrp.org

March 18 – Tuesday FBSCR Monthly Meeting 8:00am – 9:00am www.fbscr.com

March 26 – Wednesday O’Connor & Associates Retail Forecast Lunch – Kevin Holland, CBRE & Nick Hernandez, Transwestern 11:30am – 1:00pm www.poconnor.com

Your real estate deserves real ma

March 6 – Thursday IREM Houston Monthly Luncheon – Speaker Chief Dennis Storemski 11:30am – 1:00pm www.iremhouston.org

March 18 – Tuesday Greater Houston Partnership Member Engagement Meeting 8:30am ® – 10:00am www.houston.org

March 26 – Wednesday CCIM Houston Building Tour and Happy Hour 4:30pm – 7:30pm www.ccimhouston.org

Count on a CPM professional to deliver real re

March 7 – Friday CREN Houston Monthly Luncheon 11:30am – 1:00pm www.crengulfcoast.com

CPM

March 10 – Monday C.R.E.A.M.TX Monthly Luncheon 11:00am – 1:00pm www.creamtx.com

March 20 – Thursday BACREN Monthly Luncheon – Steve Sapio, Chicago Title 10:30am – 1:00pm www.bacren.com March 20 – Thursday IREM Houston Young Professionals Happy Hour 5:00pm – 8:00pm www.iremhouston.org

To find a CPM® in your area, visit www.irem-dallas.org

March 13 – Thursday Greater Houston Partnership State of the Airports – Tour and Luncheon 7:30am – 1:30pm www.houston.org

Networking

March 27 & 28 – Thursday & Friday IREM Houston CPM Course – Marketing and Leasing Office Buildings – Two Day Course ®8:00am – 5:00pm www.iremhouston.org

A CPM has: z Demonstrated experience i z Pledged commitment to th standards z Proven expertise in maximi

March 25 – Tuesday CORENET Houston Monthly Meeting 7:30am – 9:30am www.houston.corenetglobal.org

IREM AUSTIN PRESENTS

Educat ion

March 27 – Thursday CREN Houston CREN Happy Hour 4:30pm – 6:30pm www.crengulfcoast.com

For optimal returns on your re turn to a CERTIFIED PROPERTY

March 21 – Friday CREN Houston Monthly Breakfast – Marketing Session 7:30am – 9:00am www.crengulfcoast.com

March 11 – Tuesday SIOR Houston Monthly Luncheon 11:30am – 1:00pm www.siorhouston.com

March 27 – Thursday ACRP Houston Breakfast Meeting 7:00am – 8:30am www.acrp.org

Technology

Scholarships 2 6CCIM R E DCourse News.c om

ETH800-Ethics for the Real Estate Manager

CI 101, CI 102, CI 103, CI 104

For more nformation or to register for events, log on to organization website.

NORTH TEXAS

EVENTS CALENDAR (DALLAS/FT. WORTH AREAS)

March 4 – Tuesday BOMA Ft. Worth TOBY Awards Luncheon 11:30am – 1:00pm www.bomafortworth.org

March 18 – Tuesday BOMA Dallas March Luncheon 11:30am – 1:00pm www.bomadallas.org

March 21 – Friday NTCAR Uptown/CBD Virtual Tour 7:30am – 9:00am www.ntcar.org

March 5 – Wednesday CREW Ft. Worth Economic Outlook & Awards Presentation with Speaker D’Ann Petersen 11:15am – 1:00pm www.crewfw.org

March 19 – Wednesday IREM Ft. Worth Brewery Tour at Rahr Brewery Ft. Worth 11:30am – 1:00pm www.fortworthirem.org

March 26 – Wednesday BOMA Ft. Worth Ethics Is Good Business ShortCourse 9:00am – 5:00pm www.bomafortworth.org

March 19 – Wednesday CREW Dallas Monthly Luncheon 11:30am – 1:00pm www.crew-dallas.org

March 27 – Thursday BOMA Ft. Worth SWC Golf Tournament 8:00am – 5:00pm www.bomafortworth.org

March 20 – Tuesday ULI North Texas A Great Debate! 4:30pm – 6:30pm www.northtexas.uli.org

March 27 – Thursday NTCAR 2nd Quarter Membership Meeting 7:30am – 9:00am www.ntcar.org

March 20 – Thursday NAIOP North Texas Monthly Luncheon – Developer of the Year Award 11:30am – 1:00pm www.northtexasnaiop.com

March 27 – 29 – Thursday – Saturday BOMA Ft. Worth 2014 Southwest Regional Conference in Ft. Worth 8:00am – 5:00pm www.bomafortworth.org

March 6 – Tuesday ULI North Texas Women’s Leadership Initiative Event Featuring Kathleen Carey, ULI’s National Chief Content Officer 4:30pm – 6:30pm www.northtexas.uli.org March 7 – Friday BOMA Dallas Environmental Health & Safety Issues Course 9:00am – 4:00pm www.bomadallas.org

CENTRAL/SOUTH TEXAS

(AUSTIN/SAN ANTONIO AREAS)

COMMERCIAL

March 3-7 – Monday-Friday IREM Austin Asset Analysis Track Course 8:00am – 5:00pm www.iremaustin.org

March 13 – Thursday CTCAR Property Information Exchange 7:30am – 9:00am www.ctcaronline.com

March 19 – Wednesday NAHREP Monthly Luncheon 11:30am – 1:00pm www.nahrepaustin.org

March 10 – Monday Real Estate Council of Austin Signature LDC Program 12:00pm – 1:00pm www.recaonline.com

March 13 – Thursday IREM San Antonio Monthly Luncheon 11:30a - 1:00p www.iremsanantonio.org

March 25 – Tuesday CREW Austin Happy Hour 5:00pm – 7:00pm www.crewaustin.com

March 11 – Tuesday IREM Austin Monthly Luncheon 11:30am – 1:00pm www.iremaustin.org

March 18 – Tuesday CREW Austin New Member Orientation, Networking Luncheon & Presentation 11:00am – 1:00pm www.crewaustin.com

March 27 – Thursday CTCAR Networking Luncheon – UT Medical District 11:30am – 1:00pm www.ctcaronline.com

“Commercial Lease Analys Comparison & Lease vs Ow

9 hours of MCE - Course #09-00-035-25248 - Provid

Instructor Cliff Bogart, CCIM

Visit www.ctcaronline.com for pricing & registra

2014 Sponsorship Packages now available! Is your company looking for exposure and recognition in the commercial real estate industry? SPONSORSHIP OPPORTUNITIES START AT $750.

Visit the CREW-Dallas.org website

C TC A R

w w w. c tc aro nl ine.co

commercial real estate women

REDNews.com 27

TEXAS CRE NETWORKING

SOUTHEAST TEXAS

(HOUSTON AREA)

Check out our pictures and be sure to send your own pictures to info@rednews.com to be included in our next issue! To view more photos go to: http://www.rednews.com/networking-event-photos

February C.R.E.A.M. luncheon

Jim Wilkie & Paul Ikard

Attendees at the C.R.E.A.M. luncheon

CCIM Forecast Competition

Paul Ikard & Karyn Jackson Stephens, President of C.R.E.A.M.

IREM February Valentineâ&#x20AC;&#x2122;s Day Luncheon

Attendees at the CCIM Commercial Real Estate Forecast Competition

Sandy Benak, CCIM President

Telisia Amaning, CPM, Julie Sanders, CPM and Janie Snider, CPM and President of IREM

Keith Edwards, CCIM, Frank Fitzgerald, CCIM, David Marshall

Lance Gilliam, Abe Pacetti, Micha van Marcke, CCIM

Shawn Harvey, CPM, Kay Nelson, Peggy Viers and Debbie Ortiz

28 REDNews.com

TEXAS CRE NETWORKING

NORTH TEXAS

(DALLAS/FT. WORTH AREA)

Attendees at CREW Dallas & North Texas CCIM meeting

2014 Society of Commercial REALTORS Installation

Ann Murray, Michelle Hudson, Janice Peters

Troy Moncrief and Tyler Trahant

Lindy Vestal and Rosa LaRose Lewellen

Miriam Dominguez, Lynn Davis, Kevin Santaularia, Anne Turney, Leigh Richter, Paul Richter, Susan Singer

Jim Parr, Kathy Parr and Steve Relyea

Lauren Vaughn, C.B. Team, Tricia Wilson and Russ Wilson

CENTRAL/SOUTH TEXAS

Sandra W. and Diane C. show off IREM San Antonio’s unique Fashion Charm

(AUSTIN/SAN ANTONIO AREA)

IREM San Antonio, Board of Directors (partial): Kelly Blaskosky, Bart Marlar, Ginger Miller, Jill Welborn, James Stewart and Sally Flanagan

REDNews.com 29

ANNOUNCEMENTS & DEALS DONE

SOUTHEAST TEXAS

(HOUSTON AREA)

ANNOUNCEMENTS Halberdier Holdings LLC will be launching a special purpose investment fund in 2014 focusing on acquisition of value-add retail, office and industrial commercial real estate assets in North Houston. Transwestern has promoted Carleton Riser to the created position of President of the Transwestern Development Co. Riser will lead the firm that specializes in the development of office, industrial, multifamily and healthcare projects.

Log on to REDNews.com for daily updates

Cypress (DEVELOPMENT) – Allen Harrison Development broke ground on The Remington Fairfield, a 294-unit luxury apartment complex about 25 miles northwest of Houston, in Cypress. The housing complex, located at 20525 Cypresswood Dr, is expected to be completed in the spring of 2015.

OFFICE Houston (LEASE) – NetIQ leased 55,380 SF at 515 Post Oak Blvd. Gary Lawless Jr. and David Price of Cresa Houston represented the tenant, and Brad Ficks and Paul Coonrod of Stream Realty Partners represented the landlord.

Newcor Commercial Real Estate announced the opening of their new office in The Woodlands, Texas. With 43 years of combined experience and more than $500 million in transaction volume, Managing Principal Rob Banzhaf along with David Alexander, Krissie Vanyo and Ryan Dierker will head the Newcor leadership team.

Houston (LEASE) – Mercuria Energy Trading leased 26,636 SF at 20 Greenway Plaza. Chris Oliver of Cushman & Wakefield represented the tenant, and Cody Armbrister and Steve Rocher of CBRE Houston represented the landlord, 20 Greenway Plaza, LLC.

Carleton Riser

Houston (LEASE) – Companion DX Lab leased 15,437 SF at 10301 Stella Link Rd. David Bale of Jones Lang LaSalle represented the tenant, and James Forman and Louis “Beau” Kaleel, SIOR of Cushman & Wakefield represented the landlord.

INDUSTRIAL Houston (LEASE) – Silver Line Distributors leased 18,298 SF at 600 N Shepherd. Pamela Tranpark of Victory Group of Texas represented the tenant, and Lee Paris of Warehouse Associates represented itself.

Houston (LEASE) – Texas Bank leased 15,000 SF at 12941 Gulf Freeway. Reed Vestal, Taylor Schmidt and Greg Marconi of Finial Group represented the tenant and landlord.

Houston (LEASE) – Ultimate Wipers, LLC leased 8,000 SF of office/warehouse space at 105 Hutcheson. Victor Valenzuela of Transwestern represented the tenant, and James E. Foreman and Louis “Beau” Kaleel, SIOR of Cushman & Wakefield represented the landlord, Bellefontaine Stella Link, Ltd.

Houston (LEASE) – Sinopec Tech Houston, LLC leased 11,966 SF at 3050 Post Oak Blvd. Shirley Mei Qing represented the tenant, and Cody Armbrister and Rima Soroka of CBRE Houston represented the landlord, Lopo, LLC.

LAND

The Woodlands (LEASE) – The David Law Firm subleased 7,891 SF at 2202 Timberloch Place. Rob Banzhaf and Ryan Dierker of Newcor Commercial Real Estate represented the tenant.

Baytown (SALE) – The City of Baytown purchased 18.3 acres at E. Wallisville Rd. Wade Sinclair of Claire Sinclair Properties, LLC represented the buyer, and the seller, Mario Garcia. Houston (SALE) – Perry Homes, LLC purchased 76,038 of Land at 2417 Commerce Street. Stephen Schneidau of Cushman & Wakefield represented the buyer, and David L. Cook, Jeff G. Peden and Will Condrey of Cushman & Wakefield represented the seller, Hector Zamora and Horacio Zamora. Rosenberg (SALE) – ALDI (Texas) LLC purchased 81.823 acres at US Hwy 90A and Avenue H to be developed into a 650,000 SF distribution center and divisional headquarters for the company. Boyd Commercial LLC represented the buyer, and Anthony Tarantino and Patrick Frese of Tarantino Properties represented the seller.

MULTI-FAMILY Houston (DEVELOPMENT) – Greystar is developing Elan Memorial Park, a mixed-use development to replace Memorial Club Apartments at 904 Westcott in the Rice Military area. The former apartment complex will be redeveloped in two stages – the first being a five-story, 297-unit apartment designed by Meeks + Partners. Construction on the redevelopment is expected to begin later in 2014.

30 REDNews.com

The Woodlands (LEASE) – Texas E & P, Inc. relocated their corporate headquarters office to 3 Chasewood on Highway 249. Ryan Dierker of Newcor Commercial Real Estate represented the tenant, and Jon Lee of Transwestern represented the landlord, CTP Office, LTD. Houston (DEVELOPMENT/LEASE) – D’Agostino Companies proposed the development of The Offices at Sam Houston, a four-story, 113,000 SF office property at Sam Houston Park Drive and Houston Oaks Drive in Houston’s West Belt submarket. Kristen Rabel, Steve Rocher and Parker Duffie of CBRE Houston will represent the owner in leasing efforts.

RETAIL/RESTAURANT Houston (LEASE) – Salata leased 3,000 SF at Louetta and Holzwarth. Dwayne Bohac of Republic Commercial Real Estate represented the tenant, and Alex Makris of CBRE Houston represented the landlord. Katy (LEASE) – Potbelly Sandwich Works leased 2,000 SF at the Katy Green mixed-use project at the Katy Freeway and Greenhouse Road. Scott Gardner of REGIS represented the tenant, and Anderson Smith of Capital Retail represented the landlord. Katy (LEASE) – Filtex Food Store leased 1,020 SF in the Westgreen Plaza at 1603 Westgreen Blvd. Wendy Tran of OAR Realty Partners represented the landlord. Tomball (SALE) – Kimco Realty Corp. purchased Tomball Crossing, a 164,348 SF retail power center located at 22485-22549 Tomball Parkway. The HFF investment sales team lead by Ryan West and Rusty Tamlyn represented the seller, MetroNational.

NORTH TEXAS

ANNOUNCEMENTS & DEALS DONE (DALLAS/FT. WORTH AREAS)

ANNOUNCEMENTS Cassidy Turley announced the promotion of two in their Dallas office. Craig Wilson was promoted to Executive Managing Director and continues with his leadership role within the tenant representation team. Blake Anderson was promoted to Senior Managing Director and will focus on developing the industrial team. Craig Wilson

Blake Anderson

INDUSTRIAL Dallas (LEASE) – Ozburn-Hessey Logistics expanded to 419,475 SF at 3700 Pinnacle Point Drive. Ann Huntington of CBRE Dallas represented the tenant, and Bates Arnot of Hillwood represented the landlord, Gateway/Pinnacle Park, LP. Dallas (LEASE) – Pilot Freight Services leased 62,000 SF in ProLogis DFW Corporate Center at 2611 Regent Blvd. Joe Santaularia of Bradford Commercial Real Estate represented the tenant, and Mitch Pruitt, ProLogis’ in-house broker and Steve Koldyke of CBRE represented the landlord. Arlington (SALE) – Braun Family Properties LLC purchased 313,091 SF on 15 acres at 2257 Commerce Street. Michael Chiocca of CBRE Dallas represented the buyer, and John Brewer and Brian Gilchrist of CBRE Arlington represented the seller, Heller-Roberts Texas. Garland (SALE) – Safe Haven Pest Control purchased 7,000 SF at 2609 National Circle. Matt Spellman of Mercer Company represented the buyer. Ft. Worth (SALE) – Bargreen Ellingson purchased 21,879 SF at 2450 Handley Ederville. Matt Spellman of Mercer Company represented the buyer, and Jeff Givens, Ben McBroom and Amy Baker of Transwestern represented the seller, GPSFW Holdings.

LAND Dallas (SALE) – Red Dragon Properties Inc. purchased 6.85 acres of a 10-acre tract at 39490 LBJ Freeway. Karen Simon of Bradford Commercial Real Estate Services represented the buyer and the seller, Chacon Autos Ltd. Grand Prairie (SALE) – Stream Realty Investments, LLC purchased 42 acres at Roy Orr & W. Oakdale Rd. Wicker Associates represented the buyer, and Dave Anderson of CBRE Dallas represented the seller, Bill Hatley.

MULTI-FAMILY Desoto (SALE) – A private Japanese private investor purchased Pecan Crossing, a 236-unit apartment complex at 1225 E. Pleasant Run Road. Representatives from three Colliers International offices collaborated together to broker the sale. Bob Helterbran and Mark Freeman of Colliers International North Texas, Teresa Lowery of Colliers Houston and Jeff Sherman of Colliers Phoenix brokered the sale between the buyer, and the seller, Pecan Crossing Apartments, LLC.

OFFICE

Log on to REDNews.com for daily updates

Dallas (LEASE) – WRA Architects, Inc. leased 13,893 SF at 12377 Merit Drive. Bret Hefton of Avison Young represented the tenant, and Burson Holman and Ben Davis of CBRE Dallas represented the landlord, Behringer Harvard Parkway Vista, LP. Irving (LEASE) – Haydon Building Corporation leased 5,566 SF at 8200 Springwood Drive. Brian Gilchrist and John Brewer of CBRE Arlington represented the tenant, and Russ Johnson and Travis Gallivan of Peloton represented the landlord PS Business Park, LP. Dallas (SALE) – Caddo Holdings purchased Preston Plaza, a 10-story, Class A, 261,186 SF building at 17950 Preston Road. Mark McEwen, Creighton Stark and Ben Lurie of Colliers International brokered the transaction between the buyer and the seller, Granite Properties. Ft Worth (SALE) – TLC Urban purchased Western Place I & II, 427,000 SF buildings along Interstate 30. Mark McEwen, Creighton Stark and Ben Lurie of Colliers International brokered the transaction between the buyer and the seller, Sovereign Capital. Midland (DEVELOPMENT) – Pontikes Development LLC will develop a 500,000 SF office complex in Westridge Park. The 19 acres was purchased from SBC LP and CBRE and Real Estate One represented Pontikes in the transaction. Tenants will be able to occupy the space beginning in 2015. Irving (DEVELOPMENT) – Billingsley Co. will build the new Irving corporate headquarters for Cheddar’s Casual Café which will be the first of many construction projects at Cypress Waters, the 1,000-acre master-planned development in Dallas and Irving. The new 31,450 SF project will be located at 8951 Cypress Waters Blvd and will be 31,450 SF. Jim Montgomery and William T. Mason of Swearingen Realty Group LLC represented Cheddar’s Restaurants and Moody Younger of Younger Partners represented the developer.

RETAIL/RESTAURANT Carrollton (LEASE) – GD Plumbing leased 6,298 SF at 2109 Luna Road, Suite 240. Robert Blankinship of NAI Robert Lynn represented the tenant, and Scott Jackson, CCIM of Hudson Peters Commercial represented the landlord, Active Realty Investments. Keller (LEASE) – Steadfast Creative leased 1,365 SF in Arthouse Keller located at 251 Towne Center Lane. Colt Power of NAI represented the tenant, and Chris Flesner and Sam Littlejohn of Retail Solutions represented the landlord. Waco (LEASE) – Stonehaven Dental leased 1,934 SF in Woodway Plaza located at 824 Hewitt Drive. Michael Tatum of Xite Realty represented the tenant, and TJ Powell and Tucker Francis of Retail Solutions represented the landlord. Weatherford (LEASE) – Golf Etc. leased 1,900 SF in Hudson Oaks located at 200 S. Oakridge Dr. Marshall Ballard of Marshall Ballard Brokerage represented the tenant, and Chris Flesner of Retail Solutions represented the landlord. Ft. Worth (SALE) – Cole Real Estate Investments purchased 265,097 at 1600 Eastchase Pkwy. Chris Cozby and Chris Gerard of CBRE Dallas represented the seller, Columbus Pacific & Lormax Stern.

Allen (LEASE) – TSR Administrative Services, Inc. leased 4,544 SF at 977 Raintree Circle. Debi Carter, CCIM of Hudson Peters Commercial represented the landlord.

REDNews.com 31

ANNOUNCEMENTS & DEALS DONE

CENTRAL/SOUTH TEXAS

(AUSTIN/SAN ANTONIO AREAS)

INDUSTRIAL Austin (SALE) – Don Quick & Associates purchased three industrial properties totaling 23,540 SF at 1814, 1815, and 1828 Fleischer Drive. A.J. Marotta of Phyllis Browning Co. represented the seller, a private investor. El Paso (SALE) – An undisclosed buyer purchased 108,125 SF on 6.55 acres at 9300 Billy The Kid. Bill Caparis, SIOR of CBRE El Paso represented the seller, Prologis-North Carolina Lp.

LAND San Antonio (SALE) – HT Stone Oak Land, LP purchased 60 acres off Highway 281 at Marshall Road to be used to develop a residential development. Deborah Bauer of Drake Commercial Group represented the seller.

MULTI-FAMILY Austin (SALE) – Moody National REIT 1 Inc. purchased a Hampton Inn at 4141 Governors Row. Marcus and Millichap Real Estate Investment Services arranged the sale on behalf of a joint venture between a California family trust and a Texas-based private investor. Austin (DEVELOPMENT) – Seaholm Power LLC will develop Seaholm Residences, a 30-story condo located at 222 West Avenue, downtown. The tower, which will offer 280 luxury condo residences, will begin construction in April and is expected to be ready in the first quarter of 2015. San Antonio (DEVELOPMENT) – Carter broke ground on Tetro Student Village, a 16acre student housing development near the University of Texas at San Antonio (UTSA) campus. Less than one half of a mile from campus, the complex will feature 121 apartments and 77 townhomes and is expected to be completed in July. Cardinal Group Management will oversee the management and leasing, Reese Vanderbilt & Associates is the architect, and SpawGlass is the contractor for this project.

OFFICE Austin (LEASE) – Aveda Institute leased 17,339 SF at 6001 Middle Fiskville Rd. Jon Smalling and Jack Breard of United Commercial Realty represented the tenant, and Joe Simmons of AQUILA Commercial represented the landlord.

Log on to REDNews.com for daily updates

San Antonio (LEASE) – TMF leased 3,695 SF at Legacy Oaks. Rosalie Keszler, CCIM, of The Stone Group Coroprate Real Estate represented the tenant, and Lindsey Tucker and Carl Salvato of CBRE San Antonio represented the landlord. Austin (SALE) – Cielo Realty Partners purchased 180,000 SF at 823 Congress Ave. Todd Mills and Gary Carr of CBRE represented the seller, CapRidge Partners. Austin (DEVELOPMENT) – HPI Real Estate Services & Investments broke ground on a new building in the Sam Clemente office park located at Westlake Drive. The fivestory, 250,000 SF building is expected to be completed in May 2015, and already has one major tenant in Spiceworks Inc, who signed a 95,000 SF lease. GSC Architects of Austin designed the building, and Zapalac/ Reed Construction Co. will be the general contractor. Austin (DEVELOPMENT/LEASE) – athenahealth leased all 103,000 SF of Seaholm Power Plant, a redevelopment project located on the southwestern edge of downtown. Danny Roth, Brad Philp and Edvin Beasley of Stream Realty Partners represented Seaholm Power LLC, the developer renovating the project. In addition to the now leased four-story building, the project will also include an 11,000 SF, ground-floor restaurant, as well as 3,500 SF of public space. The low-rise office and retail building will be completed by the end of 2014 and the residential units will be available for occupancy by mid 2015.

RETAIL/RESTAURANT Austin (LEASE) – Simpler Trading leased 5,450 SF in Steiner Market located at 4308 N. Quinlan Park Road. Preston Wolfe and Herman Tjahja of Retail Solutions represented the landlord. Austin (LEASE) – Chapli Kebobs & Curries leased 4,000 SF in Shops on Howard Lane located at 1200 W. Howard Lane. Mark Carpenter of Carpenter & Associates represented the tenant, and Cole Brodhead of Retail Solutions represented the landlord. Austin (LEASE) – Urgent Care for Kids leased 2,500 SF in Arbor Town Square located at 10717 Research Blvd. Travis Sawvell of Jones Lang LaSalle represented the tenant, and Cole Brodhead and Carter Bailey of Retail Solutions represented the landlord. Austin (LEASE) – Verts leased 1,800 SF at 1920 E. Riverside Drive. John Heffington of CBRE Austin represented the tenant, and Barry Haydon of Durham & Bassett represented the landlord, SS Retail Development 2013, LP.

Austin (LEASE) – Softserve, Inc. leased 4,101 SF at 111 Congress Avenue. Frank Hartmann of CBRE Austin represented the tenant.

Austin (LEASE) – Boardlife leased 1,545 SF at 1100 South Lamar. John Heffington of CBRE Austin represented the tenant, and Bryan Dabbs of Stream Realty represented the landlord, GDG South Lamar Plaza, LP.

San Antonio (LEASE) – The Center for Health Care Services leased 12,664 SF in Legacy Oaks. Blakely Commercial Real Estate represented the tenant, and Lindsey Tucker and Carl Salvato of CBRE San Antonio represented the owner.

Austin (LEASE) – Nationwide Insurance leased 1,320 SF in Brushy Creek Commons located at 15912 RR 620. David Thate of Realty Austin represented the tenant, and David Schoenermann, CCIM of Retail Solutions represented the landlord.

Austin (SALE) – Spire Realty Group LP purchased Austin Oaks, a 445,322 SF complex at 7718-7719 Wood Hollow Dr. and 3409-3737 Executive Drive at the SWC of Mopac Expressway and Spicewood Springs Road. Todd Mills and Casey Knust of CBRE represented the seller, Riverside Resources Corp.

Cedar Park (LEASE) – Mission of Hope Haiti leased 3,000 SF in Sun Chase Plaza located at 1907 Cypress Creek Rd. Andrew Perkel of Retail Solutions represented the landlord.

32 REDNews.com

San Antonio (LEASE) – Blast Fitness leased 25,000 SF in Westpark Plaza located at 6703-6759 NW Loop 410. Tim McBrearty of Retail Solutions represented the tenant, and Transwestern represented the landlord.

CLASSIFIEDS

INDEX

RETAIL LAND SITE • PRICE REDUCED! $3.99 PSF • No retail within 2 mile radius Cypresswood 1 16’

C-Store

• Utilities available to the site • High Density Demographics

298’ 2 64’

Mirror Lake

Ella Blvd.

• 2.5 Acres-Cypresswood Blvd.

483’

KeyMap 331D

TAO Interests, Inc. - Broker Tim Opatrny (713) 621-9841

www.taointerests.com email: tim@taointerests.com

“During our move, Move Resource Group was able to set us up in our new office with zero downtime for our company, which saved us from losing revenue that would have resulted from fewer working days. Move Resource Group is worth every penny!” - Jenette W., Cinco Energy Services

281-205-7956 Moverg.com

ADVERTISER

INDEX

A. A. Realty Company ....................................17

Gordon Partners ..............................................5

ACRP ............................................................26

Greenberg & Co. . . .......................................... 21

BACREN . . ......................................................26

Hankamer Commercial Brokers, LLC .............. 23

Blake Hillegeist Real Estate ...........................21

International Church Realty ............................21

CBRE ........................................................ 2, 35

IREM .............................................................26

CCIM Central Texas .......................................27

LandPark Commercial .................................... 11

CCIM Houston ...............................................26

Levcor, Inc. ....................................................23

CCIM North Texas . . .......................................27

Move Resource Group ....................................33

CHC Investments, LLC . . .................................19

Nationwide Commercial Funding .................... 4

City of La Porte EDC . . ..................................1, 3

Phase Engineering, Inc. .................................24

C.R.E.A.M. .. ....................................................26

Red Oak Commercial .....................................15

CREN ............................................................26

TAO Interests, Inc............................................33

CREW Dallas ........................................... 23, 27

Tarantino Properties, Inc. ............................. 8-9

CTCAR .........................................................27

The J. Beard Real Estate Company, L.P. .. .........7 REDNews.com 33

LAST

PAGE

Stay On Top with Digital Marketing

by Jason Marshall REDNews Blessed are the few who can rely on referrals to grow or sustain their business – I applaud you, because you are in an exclusive group. However, for most companies, including those that aren’t as established, following these simple practices can help you in 2014 and beyond.

Social Media Is Essential

Say it with me: “I will learn, understand and use social media in 2014.” I know some of you would literally rather watch paint dry than learn how to tweet or use hashtags, but this is a mindset that will have to change. As more technology-oriented people enter the workforce, along with its continued quantifiable success, social media in the workplace is only going to grow. However, once you understand it, the benefit of it is unlimited. It’s time to accept that your 10 year-old kid is more aligned with today’s trends; these tips can help grow your brand.

Paid Promotion Pays Off

This is especially true if you do not have a marketing department or you are the marketing department, and the very thought of that scares you to death. Paid promotion isn’t as difficult as it sounds – pick a social media site and decide if you want to promote your company page or a certain post. For example here at REDNews, we recently promoted our Digital Issue for February and got over 16,000 impressions…in less than one day – all for $40. Those impressions turn to clicks, which turn to contacts and those contacts turn to sales. The experts on these social media sites have already done the research – all you need to do is select who, where and what. The ‘who’ being your audience (ex: real estate brokers), the ‘where’ (Located in Texas) and the ‘what’ (Here are my latest property listings). You set your financial budget and watch your company’s presence grow.

Don’t be Content with your Content

Look. No one wants to see article after article about crowd funding, just the same as no one wants to see 400 baby pictures in their newsfeed. Spice things up, especially on Facebook - people want to laugh or see something controversial, and in my experience, satirical content is some of the best content to post. One way to increase content engagement is to have images because…

We’re Visual People

…trends show that images get more engagement than text. Images, slideshows, infographics, and videos – these catch and hold the attention of viewers more than just text. In my experience, posting on Facebook is more engaging with networking pictures than a plain-text article. Just no more baby pictures, please.

34 REDNews.com

Your Website Says A Lot About You

Is your website dull, lifeless or broken? Can viewers concisely see, in an engaging way, what your company has to offer? Wait, you don’t have a website? No problem; we build great websites, so send me an email and we’ll get you a great site. Also, make sure your website is mobile friendly, because…

Digital and Mobile Content

…in the last 10 minutes, how many times have you checked your phone? How many texts, tweets or notifications have you received? And then how soon after that did you check it again? Make your content mobile friendly so people can look at it literally anywhere.

Are You On LinkedIn?

Whether you want to network professionally or find that next great employee or job, LinkedIn is the place to be. A recent article from Forbes.com indicated that LinkedIn is becoming a major player for B2B growth, as well.

Make Sure You Can Send/Receive Emails

There’s nothing more discouraging than putting together a perfect email campaign, only to find out that it went into the junk mail folder of your intended audience. Although frustrating, these tips can help ensure you can send or receive email campaigns: • Add the sender to your list of contacts – this will ensure you receive any emails they send. • Don’t use things such as ALL CAPS or too many exclamation points!!! in your subject line. • “Drip” your emails – if you are sending to a large list, send a few at a time. • Give recipients the ability to unsubscribe from your emails. • Send test emails – if they go to junk, this will give you an opportunity to adjust your content accordingly before sending. Whether you are advertising, publishing press releases or posting an article, social media has become essential in the success and sustainability of companies. With studies showing that 93% of marketers use social media for business, developing a social media strategy tailored to your audience is sure to grow your company’s brand and presence.

12 TRACTS TOTALING ±110 ACRES OF LAND

PROPERTY L I S T E D AT $18,500,000 INDIVIDUAL TRACTS P R I C E D S E P A R AT E LY

I-45 S AND BELTWAY 8 :: HOUSTON, TEXAS

TRACTS SIZE (AC.)

FRONTAGE

28.71

±630’ along I-45 S

1.10

23.65

±1506’ along Kurland Dr. & ±732’ along Conklin Ln.

8.66

±1118’ fronting Beltway 8 & I-45

.44

17.01

±908’ along Beltway 8

16.86

±2265’ along Beltway 8 & I-45

.495

2.42

±448’ along Beltway 8

2.45

±265’ along Beltway 8

11.74

±1230’ along Conklin Ln. & ±478’ along SH 3

.58

±228’ along SH 3

Bill McDade

713.577.1876 Bill.McDade@cbre.com

Kristen McDade

713.577.1808 Kristen.McDade@cbre.com

Peter Mainguy

713.577.1782 Peter.Mainguy@cbre.com

POSTMASTER: PLEASE EXPEDITE TIME SENSITIVE MATERIAL 5909 West Loop South, Suite 135, Bellaire, Tx 77401 Return Service Requested

24th Annual

Outlook For Texas Land Markets San Antonio, Texas April 17-18, 2014

Register Online www.recenter.tamu.edu/register The 24nd Annual Outlook for Texas Land Markets provides information on a variety of legal, economic, social and natural resource issues influencing current land market dynamics.

PRSRT STD U.S. POSTAGE PAID Permit No. 2436 DALLAS, TX