Page 1

KW Commercial Pearland

Serving the greater Houston Area

www.kwcomercial.com

KW Commercial Pearland monthly Newsletter

1 st Quarter 2011

medical office industrial land


KW Commercial Pearland

Serving the greater houston Area

www.kwcomercial.com

Less than Five Minutes On Twitter Just opening and looking at tweets from either Twitter, TweetDeck or Hootsuite may seem undaunting when you have a significant number of people that you are following. How do you “plow” through all that data? Well start with your hash tag “#” by looking for meaningful words or phrases. I personally have added streams in Hootsuite for #houston, #cre, #reit, and #warehouse to name a few. Remember that you are trying to get information and quickly from everyone on Twitter that has posted in less than 140 characters.

East Downtown Houston There is a lot of activity in the East Downtown Houston area.

CrossPoint Church, Old Alvin After months and months of flux on the location and times for service. Crosspoint Church located on 1134 Old Alvin Road with services currently held at 4717 Old Bailey Road, Pearland is able to make a bid on additional land that is currently adjoining the Old Alvin Road campus.

The Proposed Dynamo Stadium had official ground breaking Saturday February 5, 2011; with a completion date in 2012. Former Mayor Lee Brown in conjunction with Global Century Development have been in discussion with Mayor Parker regarding the development of 1000 room hotel project on the opposite side of the GRB.

The purchase of the land will allow the church to build a significantly larger campus including sanctuary and offices.

3525 Broadway, Pearland 77581 Medical Office sublease/timeshare. 405 SF is immediately available for expanding practices and medical professionals. More or less space and times of operation are negotiable. Sublease/Timeshare for the one day a week or five days a week. Current Tenants include specialist in Nephrology, Internal Medicine, and Family Medicine. All space is fully furnished. Loopnet: 16878626

2734 Sunrise Blvd Suite 208, Pearland Tx 77581

Office: (832) 736-0202 Cell: (832) 317-8256


KW Commercial Pearland

Serving the greater houston Area

www.kwcomercial.com

Who Owns the U.S.? $4.4 trillion of the $14 trillion U.S. debt is held by foreign debt. Who are the top ten?. 1. Mainland China at $891.6 billion

Networking Events

2. Japan at $883.6 billion

Pearland CRE Networking Meeting: When: First Thursday of every month Next : Thursday, March 3, 2011 10:00AM – 11:00AM Where: Stewart Title, 9215 Broadway, Suite 109, Pearland What: 1031 Exchanges

3. United Kingdom at $541.3 billion 4. Oil Exporters at $218 billion 5. Brazil at $180.8 billion 6. Caribbean Banking Centers at $155.6 billion 7. Hong Kong at $138.2 billion 8. Canada at $134.6 billion 9. Taiwan at $131.9 billion 10.Russia at $106.2 billion Reprint from Yahoo! Finance Greg Bocquet Monday, February 28, 2011

Central Houston Mixer: When: First Wednesday of every month Next : Wednesday, March 2, 2011 05:00PM – 09:00PM Where: Table Seven, 700 Durham, Houston Retail Forecast Luncheon: When: First Wednesday of every month Next : Wednesday, March 2, 2011 05:00PM – 11:00AM Where: Courtyard on St James, 1885 St James Place, Houston Who: O’Connor & Associates Central Houston Breakfast: When: Third Thursday of every month Next : Thursday, March 17, 2011 07:30PM – 09:00PM Where: Berryhill Baja Grill, 1717 Post Oak Blvd, Houston

2421 Hurfus Drive, Houston 77092 Climate Controlled Warehouse just 300 FT from the feeder at US 290 & Magnum. Includes 20 Tons of HVAC Office, Storage, or Living Quarters upstairs. Loopnet: 17016302 Lot Size: 0.52 AC Building: 11.0 K SF

2734 Sunrise Blvd Suite 208, Pearland Tx 77581

Office: (832) 736-0202 Cell: (832) 317-8256


KW Commercial Pearland

Serving the greater houston Area

www.kwcomercial.com

Brief Discussion on 1031s

Inner Loop Walmart The first ever inside-The-Loop Walmart SuperCenter will be built near the corner of South Wayside Dr. and the Gulf Freeway, a source tells Swamplot. The 28-acre site sits between Idylwood and I-45; according to a preliminary site plan currently making the rounds in that neighborhood, the store’s main entrance will be from Wayside, which also serves as the freeway entrance to a few other Eastside neighborhoods, including Country Club Place and Forest Park. According to Swamplot’s source, a real-estate entity connected to Walmart has an 8-month option to buy the property, home to 6 vacant warehouse buildings that once served as a distribution center for Oshman’s — as well as the former corporate offices of the defunct sporting goods company. Walmart has been completing its analysis of the property and is less than 30 days away from completing the land purchase, for a price of $35 a sq. ft., the source says. Isn’t Walmart already planning its first Inner-Loop store on the other side of Downtown — just south of the Heights? Yes, but that store won’t be a SuperCenter. The Idylwood store is expected to measure approximately 210,000 sq. ft. — almost 60,000 sq. ft. larger than the planned Washington Heights District location. The site plan of the Idylwood store, which is not final (and which we’ve rotated to fit below), shows an asphalt parking lot with 722 spaces, plus a garden center on the store’s south side.

Missed opportunities come to mind when considering 1031s. Many Real Estate Owners and Investors are not aware or misinformed about 1031s. Another concern is the Qualified Intermediaries; these entities that holds the funds in situ. Always make sure the Qualified Intermediary has the expertise, legal and financial background to conduct this business. There is no regulations or qualifications at this time to be a Qualified Intermediary. So why should you move into 1031s for your real estate investment? Avoid the paying the taxes on the Capital Gains from the sale by rolling the gains into other investments. The big things to remember is that “Like-Kind” is not what it means. The IRS can not define the meaning. This is up to the courts. This is the same for the holding period. The IRS has initiated “Safe Harbors” regarding the holding periods. One key to the holding period is having the property listed as an investment not inventory. Time frames are one of the more critical elements to the 1031s. Once the Investment property is sold the Capital Gains must be secured into the next investment(s) within 180 days. 45 days from the closing date a finalized list of investment properties must be submitted. The key here is to have the properties already lined out prior to closing. Interested in knowing more and which to speak with an expert? Contact Greg Lehrmann, J.D. at Stewart Title.

Reprint from Swamplot Monday, January 31, 2011

2734 Sunrise Blvd Suite 208, Pearland Tx 77581

Office: (832) 736-0202 Cell: (832) 317-8256


KW Commercial Pearland Newsletter  

Commercial Real Estate Newsletter

Read more
Read more
Similar to
Popular now
Just for you