redNEWS September 2013

red NEWS

In this issue:

What’s Happening

in Texas Medical

Office/Medical Market Just Plain Businessmen

REAL ESTATE DIRECTORY

FOR 100,000+ CRE BROKERS, INVESTORS & DEVELOPERS

September 2013

Epicenter of West Houston see pages 18 &19 for more information

To w n C e n t r e I & I I

VISION | MOBILITY | BEAUTIFICATION | SAFETY | AMENITIES

Amenities

are the fuel to keep us growing.

Westchase District is an ideal environment for growth. We have new Class-A LEED-certified buildings under construction. And we have all the amenities businesses need to attract a competitive workforce: luxury apartments and townhome communities, private and public schools, higher education, banks, health clubs, medical services, and award-winning restaurants.

To learn more about how the Westchase District is creating a positive environment for business, visit westchasedistrict.com/vision.

713-780-9434

WESTCHASE. WHERE BUSINESS IS MOVING.

AVAILABLE For

Lease or Purchase

Perfect Owner/Occupant Opportunity 100,000 SF Building - 25,000 SF - 50,000 SF AVAILABLE

Brays Oaks TOwers 10103 Fondren Property Highlights • Full turnkey build out • With rates starting as low as $13.80

ROCKWELL MANAGEMENT 10101 Fondren, Suite 460 713 627 1100 www.rockwellmgmt.com

• Accommodate high density users: schools, call centers, engineering • Major monument and building signage opportunities available • On-site management/ownership, leasing and maintenance • Major Metro Bus Routes: 8, 10, 68 and 163 • Major capital investment in the Brays Oaks Management District (over $200M) from groups such as: -

Houston Baptist University

-

YES Prep

-

Westbury Christian

-

Houston Community College

-

Girls and Boys Preparatory Academy

FOR MORE INFORMATION CONTACT:

Traci Koenig Leasing Representative tkoenig@rockwellmgmt.com NAI Houston 832 782 4066 1900 West Loop South, Suite 500 Houston, Texas 77027

c

Hospital Industry Interview: 10,12

Marshall Heins

Properties For Sale/Lease

1-3, 5, 7 – 11, 13, 18, 19, 21, 25, 33, 35

4 redNEWS.com

Ray’s BUZZ 22, 23 Advertisers Index 33 Texas Classifieds 33

t a b l e o f C O N T E N T S

Broker Interviews: Bob Cromwell 14 Matt Frizzell 15 Carl Bohn 16 Tom Lynn 17 Office Statistics – Texas 20

What’s Happening in Texas CRE

Calendar of Events 26, 27 Networking Photos 28, 29 Deals & Announcements 30 - 32 Last Page 34

Need Industrial/Warehouse in Marcellus Shale?

US LL E C S AR GA

M Pittsburgh

Westmorel

and Co.

WESTERN PA FOR SALE/LEASE Located Along Major Highway Corridors in the Heart of MARCELLUS GAS GROUND ZERO Murrysville, PA - Home of the Nation’s FIRST Commercial Natural Gas Well 631 EXCEL DR MT. PLEASANT, PA 15666

3005 VENTURE CRT. EXPORT, PA 15632

NEW STANTON CORP. HQ BUILDING 6,000 TO 21,500 SF Lease for $18.00 PSF Buy Entire Bldg. 43,500 SF for $5,300,000

RT# 22 MURRYSVILLE / DELMONT AREA 27,500 SF INCLUDES 4,000 SF OFFICE Lease for $4.50 PSF Buy for $2,999,900

BORLAND FARM RD EXPORT, PA 15632

1100 PONTIAC CRT EXPORT, PA 15632

RT# 22 MURRYSVILLE / DELMONT AREA 44,515 SF - 3 TRUCK DOCKS Lease for $3.50 PSF

RT# 22 MURRYSVILLE / DELMONT AREA BUSHY RUN CORP PARK DEVELOPED Ind. Lots 3-31.5 Acres - $65,000 / Acre

redNEWS.com 5

l

UHG 1(:6 5($/ (67$7( ',5(&725<

Publisher

Ginger Wheless

ginger@rednews.com

Editor Marjorie Gohmert marjorie@rednews.com Associate Editor / E-Marketing Karisa Connell karisa@rednews.com Contributing Writers Janis Arnold, Ray Hankamer rhankamer@gmail.com Austin - Rosalie Keszler San Antonio - Suzanne Scott Art Director Connie Marmolejo - connie@rednews.com Jr. Designer Stephanie Bardwil Maren Suny Accounting Benton Mahaffey accounting@rednews.com Database Manager Jason Marshall jason@rednews.com Sales Karisa Connell karisa@rednews.com Ginger Wheless ginger@rednews.com

Print & Digital Distribution

REDNews is directly mailed each month to commercial real estate brokers, investors & developers in the following cities /areas as well as 200+ locations throughout Texas: Texas Brokers 7,650 Texas Leasing / Tenant Rep 6,232 Texas Investors 4,979 Texas Developers 4,710 Outside Texas Investors, Brokers, Developers, etc 81,577 Total REDNews Distribution 105,148

REDNews Has Gone Green Using Recycled Content

p u b l i s h e r s L E T T E R

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

Dear Readers, Thank you to all who took the time to give us feedback about our new look. Overall, we received positive feedback with a few questions regarding why we “took the red out of red” (which was due to focusing more on the acronym - real estate directory - versus the color and to avoid continued scrutiny by the Russian Federation).

I’ve also had requests from the brokerage community for more state-of-the-market commentary.

I hope you enjoy the insights in this issue from four esteemed office brokers. The conversations I had with each one gave me an opportunity to get to know them better, both from a personal as well as professional standpoint. It was fascinating to hear Tom Lynn’s story.

In researching medical growth, I was reminded once again that everything is better in Texas. On a national level, medical development is somewhat on hold while hospital/medical executives await the determination of the actual effect the Affordable Care Act (ACA) will have on the industry. In Texas, our tremendous population growth overshadows that concern.

As I mentioned last month, our continued focus at redNEWS is the refinement of our databases, as those of you working in CRE research departments know is a never ending task. We are also making a concerted effort to bring you more daily CRE news on rednews.com by following 75 different CRE news sources and re-posting news each morning, so save yourself some time and log on to rednews.com.

Kids are back in school and football has started. Enjoy your September!

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 The Woodlands Gateway I-45 Space For Lease

26865 Interstate 45 , The Woodlands, TX

League Line Medical Office Space For Lease

Alden Bridge For Sale or Lease

8101 Kuykendahl Rd, The Woodlands, TX

4015 Interstate 45, Conroe, TX

Willowbrook Place I & II Space For Lease

17314 & 17350 Hwy 249, Houston, TX

• New construction completed Spring 2013; ready for build-out • Direct access to I-45 and the Hardy Toll Road • Great location in The Woodlands Submarket with excellent freeway visibility • Three-story office building with approximately 23,000 RSF

• 10,500 Office Building for Sale or Lease • Site is located next to the Kroger-anchored Alden Bridge Shopping Center • Located on Kuykendahl Road, which will be connected to FM 1488 at north side of The Woodlands, Fall 2013

• Building SF: 60,000 for Lease • 56,000 SF available; divisible to 1,500 SF • Built-out, 3-story building completed in 2009 • Great visibility and high traffic volume • Building signage available for full floor tenant

• Two, 3-story Class B office buildings • 800 SF up to 2,600 SF contiguous available • Convenient location at HWY 249 (Tomball Pkwy.), FM 1960, and Beltway 8 • Located on the periphery of Willowbrook Mall

Rayford Medical Space For Lease

College Park Medical Space For Lease

Technology Plaza at Research Forest, Space For Lease

Town Center Plaza

1100FMRayford Road , SpringTX 7506 1960, ATASCOCITA,

3117 College Park Drive, The Woodlands, TX

4223 Research Forest Drive, The Woodlands, TX

1,347-6,361SF For Lease

9400 Grogans Mill Road, The Woodlands, TX

• 8,080 SF, with 2,020 - 8,080 SF available for Phase II • Exceptional visibility and accessibility from Rayford Road • Available office suites will have dedicated front and back door with 60’ bay depth • Explosive new commercial & residential growth corridor

• Brand new 30,000 SF Medical Office Building • 4,489 SF available – divisible to 2,000 SF • Generous tenant improvement allowance • Located less than 1 mile from I-45, Memorial Hermann, St. Luke’s and MD Anderson Hospitals

• 20,600 SF Building • 1,500 SF Available for lease • Property is located at a signalized intersection, less than 2 miles west of Interstate 45 • Also positioned by Anadarko, Aon Hewitt, Baker Hughes, Halliburton, Huntsman Chemical, Fox Network Center, and manned by 400 +/- employees

• Located in the heart of Town Center, minutes from The Woodlands Mall, Market Street and the Waterway • Surface and garage parking, granite finishes and back-up generator, energy management system and onsite storage area • Recently updated common areas, including new carpet, wall covering, lights and ceiling tiles

Willowbrook Medical Arts Building, For Lease

Timberloch Place For Lease

Magnolia Crossing Space For Lease

Woodlands Gate Plaza I Space For Lease

13215 Rd, Houston, TX 7506 FMDotson 1960, ATASCOCITA, • 63,082 SF Medical Office Building with 2,133 SF of space available • Located across from Methodist Hospital • Convenient access to SH 249

2204 Timbeloch Place, The Woodlands, TX • This two-story atrium-style office has 5,908 SF available.

• Greatly located in the heart of The Woodlands Town Center, adjacent to The Cynthia Woods Mitchell Pavilion and within walking distance to The Woodlands Waterway and Market Street

33300 Egypt Lane, Magnolia, TX • 59,600 SF Building • Multiple space sizes available.

• Situated in high growth area of The Woodlands residential & commercial corridor.

• Located 6 miles west of I-45, 1 block from Research Forest Drive • Easy access to FM 1488 and FM 2978

719 Sawdust, The Woodlands, TX • Multiple spaces available • 60,000 SF building situated on 3 acres • Convenient front door access and ample parking • Less than 1 mile from The Woodlands Town Center, with easy access to Interstate 45 and the Hardy Toll Road

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

281.367.2220 jbeardcompany.com

redNEWS.com 7

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.

Large Blocks of Space For Lease NOW LEASING | 8313 Southwest Freeway

Kris Lilly| klilly@tarantino.com 1505 Highway 6

AIRPORT Office Building | For Sale or Lease

Peggy Rougeou | peggy@tarantino.com | 713.974.4292

Houston & San Antonio Area - Lease/Sale Ella Plaza

Woodland Hills

Larry Vickers | larry@tarantino.com Ella Plaza

De Zavala

Larry Vickers | larry@tarantino.com

Mike Mangum | mangum@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

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

Hospital Industry INTERVIEW

MARSHALL HEINS

Marshall Heins, Chief Facility Services Officer - Memorial Hermann Hospital

The general consensus is that rising healthcare costs due to the federalization of our healthcare system and the healthcare needs that must be addressed due to our country’s demographics related to the 32 million newly insured under ACA (Affordable Coverage Act), combined with the baby boomers turning 65 at the rate of 10,000 a day, is of concern to all of us. However, the challenges posed by rising health care costs and increased demand related to the U.S. aging population, makes the outlook for ‘medical real estate’ excellent, particularly in Texas.

Texas is growing at twice the national average with total population projected to increase by about 12.5 million – an increase of more than 59%- by 2030. Texas also has the highest rate of uninsured in the nation. However, we have less than the national average in 65 year olds with 15.6% projected versus a 2030 national average projection of 19.7% .

In 2012 Texas had a total of 630 hospitals with 83,000 licensed beds. About 27% are located in rural areas and more than 73% 2 0 1 2 - 2 0 1 3to a 2012 Texas Department of are in urban areas. According on State Health Report. Harris County (Houston) has the highest number of hospitals with 80, followed by Dallas County with 42, Tarrant County (Ft. Worth) with 39 and Bexar County (San Anto2 0 1nio) 2 - 2 0 1with 3 32. on

FAST FACTS Texas Hospitals

FAST FACTS Rural vs. Urban Texas Hospitals Ownership of Texas hospitals varies among government-owned, 27% of Texas hospitals

nonprofit and investor-owned facilities. are located in Rural vs. Urban 27% of Texas hospitals Rural vs. Urban are located in rural areas (non-Core Based 27% of Texas Statistical Areas) Of Texas’ 630 hospitals: hospitals are located in rural areas (non-Core Based Statistical Areas)

Hospital Ownership

Hospital Ownership 51% are investor- owned

Rural vs. Urban

rural areas (non-Core Based 27% of Texas Statistical Areas) Of Texas’ 630 hospitals: hospitals are located in rural areas 73% of Texas (non-Core Based hospitals are located Statistical Areas) in urban areas, with Harris County (Houston) having 73% of Texas the most facilities hospitals are located at 80 in urban areas, with Harris County (Houston) having the most facilities at 80 51% are investor- owned

51% are 28% are nonprofit investor- owned

Hospital Ownership

Hospital Ownership

73% of Texas hospitals are located in urban areas, with Harris County (Houston) having 73% of Texas the most facilities hospitals are located at 80 in urban areas, with Harris County (Houston) having the most facilities at 80

28% are nonprofit

Of Texas’ 630 hospitals: 28% are nonprofit 21% are government- owned

Of Texas’ 630 hospitals:

51% are investor- owned

28% are nonprofit 21% are government- owned

21% are government- owned

Growth within Houston can be seen in all areas of the medical/ office industry. Memorial Hermann is the largest health care sys21% are government- owned tem in the Houston area with 11 hospitals and more than 3700 licensed beds in the region and they currently have approximately $1 billion in construction underway.

10 redNEWS.com

Marshall Heins, who has been Chief Facility Services Officer for Memorial Hermann since 1998 recently talked with Ginger Wheless of redNEWS about what’s happening in the Houston area.

RN: Recently Health Facilities Management reported that many hospitals are holding back, waiting to see what the actual implementation of the new healthcare law will mean to the health care industry. From what I’ve heard however, Memorial Hermann seems to be moving forward.

Marshall: We’ve been on what we call a capital light program for about 3 years, and we’ve certainly been watching healthcare reform, trying to think strategically about the implications for Houston and our market. I don’t believe that one can extrapolate from the national trends directly into the Texas market for these reasons: Texas has the greatest economy in the U.S. right now. We’re growing here in Houston and the demand for healthcare services is increasing exponentially. We’re a not-for-profit healthcare system and we want to be responsible as good stewards toward our communities. Certainly overbuilding or building in the wrong places (where services aren’t needed) would not be something we’d be doing. We’re going where the population growth is increasing.

The Woodlands is one of the biggest master-planned communities within the United States. It’s now nearing the final stages of its growth and its development of homes, but it has taken The Woodlands 35+ years to get to this point. Memorial Hermann is just completing a $100 million patient tower expansion there. We’re finishing a new parking garage, and once that’s completed, we’ll build our fourth medical office building in that market. Last year we also master-leased another medical office building that was owned by a third party developer, so we actually have five medical office buildings there. Ten years ago, we had one medical office building in the Woodlands. I’m sure you’re aware of Exxon’s major headquarter project. Drive by that place and you’ll see a dozen tower cranes in the air. People are going to work out there, they’re going to live out there, and they’re going to get their medical services and treatments there as well.

The second major Houston area market that we’re expanding our services into is the Katy area. Just look at the traffic on I-10 heading west! They’re all going to Katy.

Our third market is Pearland. Pearland doesn’t really have a freestanding general acute care hospital, so we’ve broken ground.

This is essentially a new market for us. We’re also working with our partners to build the second medical office building there.

Just take a look at what’s happening along State Highway 288, what we call the South Freeway, which runs from downtown Houston all the way to Freeport. Pearland is not a market that we’re continued on page 12

HISTORIC GREAT SOUTHWEST BUILDING 1314 Texas Avenue, Houston, TX 77002

1. If you DO NOT have changes please sign, date and re 2. If you HAVE CHANGES, indicate changes on proof an 3. Proofs not returned within 24 hours will be considere 4. Ads or inserts cancelled after the 10th of the month w Located at 1314 Texas Avenue, the southwest corner of Texas

Dec 11

Avenue and Austin Street

Zurich International • Price: $10,500,000 • 188,240 Gross Square Feet (HCAD) and 147,317 Net QP Rentable Square feet (per owner) $77.27 PSF (NRA) Office Lease $55.78 PSF on Gross Square Feet • 2012 NOI - $748,865.03 (per owner) Sarah Huffman • Occupancy as of 12/31/12 - 85% Zurich_RN_QP_1211_01.indd • 37,273 SF of land (per survey) • 146.4’ on Texas, 251.5’ on Austin & 149.89’ on Capitol BC • Near Court Houses, George R. Brown Convention Center, Minute Maid Park, & Toyota Center 11.14.11 • Excellent access to I-10, I-45 and Highway 59 Send your

e to Deals Dedonenws .com

jonathan@r

•

3

METRO rail on Capitol (under construction) FOR MORE INFORMATION: A. David Schwarz III, SIOR 713.270.3371 david.schwarz@transwestern.net

Carlos P. Bujosa 713.272.1289 carlos.bujosa@transwestern.net

The information provided herein was obtained from sources believed reliable, however Transwestern 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 to sale or lease, or withdrawal without notice.

LAND / CHURCHES FOR SALE

PRIME OFFICE LOCATIONS

Alief Church of Christ - 7130 Cook Road - 7,700 SF................................................................$735,000 Land on Ella Blvd - 4.538 Acre ................................... SALE PENDING........................................$325,000 Baytown Spanish SDA - 704 + 750 E Texas Ave - 4,200 SF....................................................$150,000 Majestic Christian Center - 3512 McLean Rd - 19,500 SF..................................................$1,500,000 Dome Church - South Acres at Scott Street - 57,000 SF.......................SALE PENDING........$3,740,000 3.9 Acres - 7225 Bellfort Avenue........................................................................REDUCED.........$199,000 Channelview Area Church - 1100 Dell Dale...................................................... REDUCED .....$1,995,000 League City UMC - 1411 West Main Street - 34,000 SF......................................................$3,950,000 Land in Tomball, TX - Holderrieth & S. Cherry - 2.03 Acres...................................................$230,000 Miracle Christian Fellowship - 16310 Chimney Rock - 15,000 SF..........SALE PENDING.........$855,000 13 Acres on Beechnut at Rustling Leaves - $6.25 PSF.......................................................$3,536,250 Multipurpose 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 SE Area Church - 10050 Fuqua - 9,995 SF .................................SALE PENDING.....................$1,100,000 Trinity Fellowship Church - 9321 Edgebrook St. - 67,000 SF......... SALE PENDING ...........$1,300,000 Pasadena Church - 4444 Vista Rd. - 46,000 SF...................................................................$1,200,000 Aldine Christian Church - 2233 Aldine Mail Rte. - 10,500 SF ......... SALE PENDING ............ $499,000

International Church Realty (713) 541-4005

One Block from The Alamo - Best Rental Value For Lease: 500 - 16,175 +/- sq.ft.

You need to see the inside of these buildings to truly grasp the beauty!

Zurich International Properties, Inc.

118110-118 Broadway, Suite 324, Antonio, Texas 77205 USA Broadway, SanSan Antonio, Texas 78205 USA Laurence@zurichproperties.com js@zurichproperties.com

Call: 210.225.5877 • 800.200.1770 • Fax: 210.225.5846

redNEWS.com 11

Marshall Heins Interview - continued from page 10 thinking short-term; it’s definitely slated for a long-term growth plan.

And they don’t have an Exxon out there. I think it’s just proximity to Houston that’s driving growth in the Pearland area.

RN: What about the Texas Medical Center itself? Does Memorial Hermann have development plans or projects in that part of the city?

Marshall: Up until 3 years ago, many of the institutions located in the Medical Center were involved in huge building programs. Since that time, things have been relatively quiet. But now we’re moving forward with a master facility plan. We’re looking to do a major renovation expansion on that campus, and we also believe that the Texas Medical Center will continue to grow and thrive and will continue to be a community of research and advancement in healthcare. We plan to be part of those advancements. Our downtown campus is our teaching hospital with our partner, the University of Texas Health Science Center. It’s also our trauma center, our Level One. It’s going to remain our largest campus. In the future we will move forward with a project that involves one of the building sites that we do have down there. And we’ll do renovations as well.

RN: Any word on underserved areas that you’re looking at? For example, are you moving into Sugarland?

Marshall: We are in Sugarland, and we’re evaluating a new program out there currently, but I can’t really comment on other areas we’re looking into at the present time. Suffice to say, we are looking at acquiring land and future building options in areas other than the ones I’ve mentioned specifically. But that’s as precise as I can be at the present time.

RN: Are there areas or concerns that are a major focus for Memorial Hermann at the present time?

Marshall: I will tell you that we continue to monitor healthcare reform.

Some of our biggest concerns regard the perception that employers are going to look at their benefit analysis and decide that paying a penalty for not providing employee healthcare is much more economical than providing the plans. This is going to force employees to go into either the private market of one of these new insurance pools created by the federal government. Our fear is that it’s going to be more expensive for the younger, healthier individuals to buy insurance than to pay the penalty themselves, so they’ll opt out as well until they need medical services. That means no wellness programs for young, healthy individuals either. Then, with the current provision that these plans can’t discriminate against individuals for pre-existing services, the only individuals who will be paying into the government health care programs will be those people who need a lot of medical services. This is likely to lead to a very untenable situation on all fronts. In other words, there isn’t going to be the money going into healthcare insurance programs sufficient to pay for the services that will be needed.

RN: I can certainly understand the point that you are making. I’ve paid into Social Security and certainly plan to use Medicare when the time comes.

Marshall: As well you should. You’ve paid into the program. However, our fear is that there won’t be enough employed young people paying into the funds to pay out the older folks already in the program. That’s when it appears likely the government will cut back on medical services, tax more, or both. This does make us nervous about the future of health care.

12 redNEWS.com

We’re paying a lot of attention to the Baby Boomers! Every day, 10,000 baby boomers are turning 65. They’re qualifying for Medicare, they’re living longer, and they’re staying healthier than their parents, but for the next 20 plus years, they’re going to be the major factor to consider in the health care industry. At Memorial Hermann our focus is on quality of health and quality of life, so we want to treat people before they have a significant episodic need for healthcare that will cause them to become inpatient in a hospital. We want to get those diabetes cases and those cardiac issues addressed early on. We want to keep the baby boomers out of the hospitals. This will save money for everyone as well as contribute to overall better quality of life.

RN: How is Memorial Hermann’s focus and emphasis impacted by the healthcare reform that the federal government is implementing as we speak?

Marshall: The government is asking us to create programs that keep people healthier and keep them out of hospitals and keep them from undergoing unnecessary procedures and diagnostics. So we see our role as weighing these initiatives toward wellness and the increasing population of Houston, particularly the baby boomers, and one thing that stands out is this: Texas currently has a very different slice of the American economic pie than do many other regions of the country.

We’re calling our strategy “Grow with Houston” and if you look at the tremendous increases in population predicted, it’s evident that we’ve got to sow and service growing communities with healthcare facilities and services.

630 Number of hospitals in Texas

Facts

369,000 Number of full and part-time employees in Texas hospitals Top 3

Rank of Texas hospitals as a source of private sector jobs; in major metro (Houston, Dallas, San Antonio), generally in top 20 employers

$177 Billion

Average amount of economic activity generated by Texas hospital jobs

Did you know?

TEXAS MEDICAL CENTER – HOUSTON Boasts the World’s Largest: - Chilled water facility - Medical laundry in - Parking Operation (second is Chicago O’Hare Airport)

Want more info?

Go to: www.rednews.com/dallasmedical for information related to Dallas medical development www.rednews.com/SanAntoniomedical to review NAI REOC’s 2ndQ medical report https://www.tha.org/HealthCareProviders/Advocacy/Hospital%20Facts.pdf http://www.houstonchronicle.com/news/health/article/The-vision-of-the-Texas-MedicalCenter-s-CEO-4705469.php

13,260 13,260 SF SF AVAILABLE AVAILABLE -- SEPTEMBER SEPTEMBER 2013 2013 WILL DIVIDE

Brokers Protected

10615 Shadow Wood Dr.

S. Houston Tollway between I-10 & 290 • Full Service • Elevator • Conference Room • Free Parking • Exterior Security Lighting

• DSL, Cable and Fiber-Optic Available • Beautifully Landscaped • One Block from Beltway 8 • Owner Leased and Managed • Quiet, Clean Environment For Information Call Bob Bernstein 281.556.1104 | Bob@LocateHere.com www.LocateHere.com

Owned and Managed by: Bernstein Perwien Properties | 14521 Old Katy Rd., Suite 200 | Houston, Texas 77079 | Meeting Houston’s Office Needs

Space Available For Immediate Lease 5% Broker Bonus Until 12/31/13

1004 Prairie St

708 Main St

Now Managing and Leasing

Now Managing and Leasing

Gross Rates Starting at $21/SF Building Features

• 2,762 SF Available • Recently renovated suite ready for move-in • 24-hour secure building access • Fronts the METRO rail line • Central Downtown location • Easy access to I-45, I-10 & US-59

Gross Rates Starting at $17/SF Building Features

• Suites range from 430-7,548 SF • Recently renovated suite ready for move-in • 24-hour secure building access • Fronts the METRO rail line • Central Downtown location • Easy access to I-45, I-10 & US-59

Brian Hines 713-580-3957 • Brian.Hines@BoxerProperty.com

Trey Miller 832-524-5579 • Trey.Miller@BoxerProperty.com

A Project by Braun Enterprises redNEWS.com 13

BOB CROMWELL

Bob Cromwell, a Principal of Moody Rambin Interests and Managing Director of the Office Services Division, Houston, Texas

BROKER INTERVIEW RN: How did you get in the business?

I’m a native Houstonian and my first experience in the real estate business dates back to my employment as a porter in an office building at age sixteen. I started out in the suburbs, working with a family friend who owned office buildings in Houston, and continued working in CRE through college.

RN: What is your best/most memorable CRE story?

My most memorable transaction occurred when I was representing an owner downtown. The Metro transit folks had built their own building and vacated 180,000 square feet. We had it leased with Total, a French energy firm. We had a lease signed on all that space before Metro moved out and Total ended up going to 250,000 square feet. It took about 18 months to complete. Within a year of moving in, that company grew to 250,000 square feet. We had to move some other tenants around, relocate tenants, but the building is 800,000 square feet, so there was room for it. That’s one transaction that certainly sticks out. The property is called Total Plaza.

Originally, it was called 1201 Louisiana.

RN: Tell me about the Houston Office and Office Medical Market.

The most interesting thing is that we’re pretty much at record levels regarding valuation, recent sales, and rental rates. This is across the board in all major submarkets. The two submarkets that are leading the charts right now are the Woodlands and west Houston. Another interesting fact is that the ability to finance spec office buildings isn’t out there. So while at the present time we have six million square feet of office under construction, roughly four million of that is preleased.

In past cycles, the debt was there to build spec, so when the market turned, we’d have at least a few buildings out in west Houston that sat empty for a couple of years. I don’t see that happening in this cycle. It’s possible that debt markets could loosen up in 12-18 months and underwriting parameters can change, but we aren’t seeing indications of that happening at this point.

A second significant difference that we are seeing in the present market conditions is what I call a ‘flight to quality’. Houston is now the energy capital of the world. Big firms are using their space as a recruiting and retention tool. Look at the campuses being built by Exxon and Southwest Energy and others. Chevron is going to build another building, as well. These guys are adding all the amenities into their new facilities, from fitness centers, to cafeterias, to onsite clinics, and salaried yoga instructors. The downside is once these facilities are complete, the companies will be moving out of their leased space.

In Exxon’s case, that references a lot of Class A space out in Greenspoint.

Exxon has already sold their downtown building and they are in the process of selling their campus on I10 and Eldridge. That’s going to create a lot of vacancies. The same thing is happening with Southwest Energy, which is mainly in B class buildings. Conoco is taking all those buildings. Eldridge has been under construction and they’ll be vacating the buildings they

14 redNEWS.com

are in right now. They are scattered around in many buildings, but they’ll consolidate. Phillips 66 will be vacating 600,000 square feet of space in three or four years moving to a new corporate campus, which will create some challenges in the B+ product.

Another challenge that we’ll have to address is obsolescence for properties that are 30-35 years old and haven’t been updated or renovated. Some of these older buildings have strange floor plans. What we’re seeing in today’s newer construction is a return to the rectangle.

Regarding leases, today is definitely a landlord’s market. When we were in the recession it was very common to do three-year renewals with a large cut. Now we’re in a market where if you want a short-term lease, I may not give you a renewal option. You are going to be subject to losing your space.

Right now we manage and lease three or four office medical buildings. One is River Oaks Medical Tower at Westland and 59. That building has been renovated, interior and exterior, and we are in the lease step phase of it.

Medical is kind of locked up right now with the Affordable Care Act and no one really understanding what the true impact is going to be. We have noticed a lot of physicians have moved into the professional buildings right next to the big hospitals. I think that may be just for safety reasons. What I’m hearing from those guys is that they want to be affiliated with a large system rather than out on their own. The bulk of the medical facilities are not privately held, they are held by hospital systems. They are protecting a lot of that space for those physicians who are going to use their facility.

In terms of growth of medical facilities, Katy, west Houston, the Woodlands area, those are the hot areas. A lot of the hospitals are buying land positions in Pearland and in South Houston, but we’re not seeing the movement out there yet.

I’m also noticing that with this new construction, we are seeing bigger floor plates. The project out Park 10 that Mustang is taking on has 40,000 foot floor plates. Everybody is doing some level of LEED, which 5 years ago wasn’t the case in new construction. One other thing that is changing the face of Houston’s office space market is the recognition internationally that this is the market to invest in. This has driven a lot of new money into Houston and that has driven down cap rates. We have set records on price per square foot. Most recently, this could be seen in the BG Place downtown that sold for $493 a square foot. Previously, the highest we’d seen was the Hess Tower which sold at $445. The high water mark 5 years ago was something like $295 a square foot. We’re seeing long term leases with brand new buildings at these rates. This is definitely new and we’re seeing new highs in the B market as well.

RN: Where do you want to be 10 years from now?

Gosh, you know, I love what I do, so I’ll be leasing office space somewhere.

Moody Rambin is on a steady growth pattern.

RN: What do you do for fun?

I hunt and I fish and I spend time with my family. That’s pretty much what I do when I have some time off.

BROKER INTERVIEW

MATT FRIZZELL BROKER Matt Frizzell,INTERVIEWS Partner, Peloton Commercial Real Estate, Austin, Texas RN: How did you get in the business?

I was born and raised in Abilene, Texas and graduated from the University of Texas in 2004.

I come from a long line of Longhorns, with a grandfather who graduated from UT-Austin in the 1940s. While I’ve only been in CRE for about ten years, I’ve been around long enough to live through one of the most significant high-low periods in Texas CRE history. I started out in Dallas in the industrial division of Stream Realty Partners and moved to the Austin office in 2006 when I switched to specializing in the office market. In March 2013, I and two other brokers were offered the opportunity to own and operate the new Austin division of Peloton Commercial Real Estate (which is headquartered in Dallas).

RN: What is your best/most memorable CRE story?

My first project, back in Dallas was the Bickham Road Warehouse Campus off Northwest Highway behind an old dance club. It was the polar opposite of a downtown office tower. It consisted of 9 metal buildings that totaled about 110,000 square feet. The biggest tenant was a 1,000 square foot granite and stone fabrication plant. It was a rough and tumble sub-market in a tough neighborhood in Dallas, but it was an assignment that I was happy to have and happy to work on!

RN: Tell me about the Austin Office and Office Medical Market.

The market was booming when I started in 2006 and until the beginning of 2008 we had a really hot run. That’s when Equity Office/Blackstone sold their portfolio to Thomas Properties. We saw record setting numbers on the sale side, as well as tremendous rent growth. Then the national economic downturn hit. At that point, there was almost 4 million square feet of new development over the total market and the demand slowed to an indescribable pace.

Fortunately, Austin (and the rest of Texas) rebounded quickly and we are heading in a positive development direction less than five years after the recession. Today we’re seeing more organic economic growth in Central Texas as well as a larger amount of growth from outside the community than we saw during the previous boom. Our local economy is also more diversified. Corporate relocations to Austin are happening to a greater extent than we’ve seen in the past. There is also a significant amount of more foreign capital interested in Austin real estate than ever before. My partners and I joke that we may need to get the Rosetta Stone and learn a few new languages so we can communicate with the foreign investors who are placing money in Austin real estate and businesses.

Another major factor that is reducing the speed of new development is the preleasing contingencies on bank loans for such projects. Most developers who want to build on a speculative basis have to fund the operation with cash. If they can secure a tenant to prelease enough of the project, then they can probably find a lender to fund it. Currently, there is almost one million square feet of office space under construction in the CBD with 25% of it preleased. The suburbs are not seeing any significant buildings under construction so I wouldn’t say there is a building boom going on in Austin yet. There are, however, a lot of people with shovel-ready dirt. They’re ready to go, they’re chasing tenants, and once they get the tenants lined up, they’re ready to break ground. In terms of office

space, we continue to see positive absorption happening in the office market.

The demand is increasing while the supply is staying relatively the same. From one perspective, this is pushing rents up and shortens the availability of quality space. That’s putting a burden on people to create opportunities to keep their businesses growing.

Roof-top growth, the residential growth, is still North and West of Austin. The three major submarkets of Austin (CBD, Southwest, Northwest) all have different dynamics but overall the demand, rent growth, and absorption are growing. The highest demand for office space is in the CBD and the Southwest. However, the

We’re seeing more organic economic growth in central texas as well as a larger amount of growth from outside the community than we saw during the previous boom. largest submarket is Northwest Austin so many of the “big” tenants are actively looking out there. The central portion of Northwest Austin (Arboretum and Domain) is seeing growth on a monthly basis. Personally, our firm sees a lot of growth out in West Austin. We handle the leasing for the Hill Country Galleria, and we are 91% leased on a new-construction 68,000 square-foot building. The owner has one more office building planned, and after that, our approximate 220,000 square feet of office space will be completely full. There are also pockets of Austin that are gaining traction like the creative office movement happening east of I-35 downtown.

The growth in rental rates could very well be 8-12% per year. Eventually the Class A office rates are going to hit new development yields, so tenants will sign leases for new developments. But again, with the limited supply that’s coming online, there’s still an 18 to 24 month window where nothing will be completed. I can’t really put a percentage on it, but best guess, we’re looking at a maximum 24 months where rates can grow substantially again. As far as deliveries, that’s really hard to speculate; the lending environment could change, more projects could get kicked off, or more equity could come into Austin and build spec, which would create new supply.

RN: Where do you want to be 10 years from now?

Hopefully, we have a group of humble servants at Peloton who will continue to enjoy each other’s company and the work that we do. Our goal is to have a family- centered type of operation, and to continue leasing office space in Austin, Texas, which is a great place in which to live and work!

RN: What do you do for fun?

I’m a pretty avid musician. I’ve actually recorded a couple of CDs. My dad is a hobbyist musician as well. I like to play golf, go fishing, go hiking, and hunt when I have the opportunity. I feel that Austin is a unique city in that we have so many opportunities to take advantage of outdoor activities, and we even have a lake in our backyard. Starting up this new company is exciting as well as time consuming, but I’m going to try and get in all the extracurricular activities that I can!

redNEWS.com 15

CARL BOHN RN: How did you get in the business?

I began my career in commercial real estate in 1968.

Coming from a background with Merrill-Lynch, initial exposure to the industry involved property acquisition, related real estate syndications and investment sales. After forming Bohn & Baer Real Estate in the early 1980s, the bottom fell out of the CRE market, and everyone was scrambling looking for ‘day jobs’. Tom Loffler helped me join the University of Texas System as Director of Special projects for the University of Texas Medical Schools, which included transactional and endowment related real estate matters. This exposure to the special real estate needs of the medical community was a catalyst for my transition back into the private sector with a focus on healthcare real estate.

RN: What is your best/most memorable CRE story?

Datapoint, now defunct, had a corporate campus near the Medical Center on Datapoint Drive. I took that over and converted one building to a School of Nursing for Baptist Hospital. This led to more conversions to medical centers and was the direct impetus for my medical office specialization.

RN: Tell me about the San Antonio Office Medical Market.

Health care is the #1 revenue generator in San Antonio with hospitality ranked as the #2 revenue generator. San Antonio’s economy and population are prompting new projects. Christus Santa Rosa Health Care System broke ground on its third medical office building for its Westover Hills hospital on the far west side. Also located on the west side, Trident Health Care Partners is building a 45,000 sf multi-tenant facility. Baptist Health System and Emerus Hospital Partners LLC have finished construction on three emergency hospitals.

There is a strong lack of medical space available in the San Antonio area. For example, the Westover Medical market has only a 4% vacancy rate. New leases and expansions signed during the first three months of the year resulted in the medical office market absorbing more than 140,000 sf of space; this was a marked improvement from the 35,000 sf of space absorbed over the first three months of 2012.

New tenants, many located in one building, 18707 Hardy Oak, on the city’s far north side, include the Institute for Women’s Health, the Texas Fertility clinic and Northeast Orthopaedics & Sports Medicine. The overall vacancy rate for the local medical office market stood at 17% as of the first quarter 2013, which was down from 19.1% for the same period in 2012. Rate increases for the same time period have been ‘modest’. One of the biggest challenges to vacancy rates in the medical office market is the slate of general office properties that have become viable leasing options for medical practices and other health-care related firms.

At the present time, two of the city’s leading health care hubs, the South Texas Medical Center and the Stone Oak area, have plenty of general-office options for firms looking to be close to the hospitals in those areas.

16 redNEWS.com

Carl Bohn is vice-president of NAI REOC San Antonio, TX Obamacare, all politics aside, is anticipated to increase demand for medical space and services throughout the city. At the present time San Antonio has 1.7 million square feet of medical space and is anticipated to need an additional 800-900K of medical space to accommodate the formerly uninsured residents in San Antonio. Health care providers expect to see demand for their services increase significantly beginning January 1, 2014 when full implementation of Obamacare kicks into gear. Most area hospitals have spent the past several years gearing up for the anticipated influx of new patients.

San Antonio ranks as the most uninsured location in the United States. In addition, the medical market reflects that about 30% of the health care patients are Mexican and Central American nationals.

At the same time, San Antonio has a steady influx of medical specialists, primarily doctors, who retire in San Antonio from military careers at ages 40-45.

Most of these individuals go into private practice and need medical space. With mortgage money being historically cheap, doctors are interested in owning their own facilities rather than leasing space. Lenders are falling all over the docs to lend them money to buy. The physicians are primarily looking for 5000 square feet buildings, which are difficult to find. The current dilemma is that the money for a doctor to borrow is readily available to doctors, but is not easy to come by for developers who would like to build an office park with freestanding buildings for doctors to purchase. Lenders require developers to prelease space in order to get funding. Unfortunately, the average medical tenant (2800) doesn’t prelease space and the larger medical tenant typically wants equity in the building that is being constructed.

The average cost of purchasing a shell medical building before interior finish is just under $200 / sf. The cost to build (excluding land cost) is about $115/sf to $120/sf at today’s prices and this amount has gone up approximately 20% in the last three years. There is an overwhelming market for investors to buy cap deals due to the high credit worthiness of the tenants. These guys don’t move!

In one SA medical building built back in 1985, 85% of the tenants are the original tenants.

RN: Where do you want to be 10 years from now?

I hope to be retired and traveling. My parents owned a circus and I’ve never gotten the ‘travel bug’ out of my system. However, we don’t plan to be traveling with an 18-wheeler loaded with animals!

RN: What do you do for fun?

Fishing, hunting, and traveling

TOM LYNN Tom Lynn was slated to be one of the four Office Brokers we interviewed about the Texas office / office medical market. After speaking with him and hearing his incredible story, he graciously allowed us to share so we eliminated the format in order to tell you more about him.

Happy Birthday, Tom!

BROKER INTERVIEW

enough,” he says. “But still, the man who dropped me off sounds like he looked like me. I’m a dark-complexioned, dark haired guy. I’d always known that I was adopted, but my parents didn’t give me all the details because they were afraid someone would show up who might try to take me back. I learned that the judge in Illinois thought it was better to get me out of the state because I’d become some sort of celebrity.” Tom has had, and has, a good life. He still thinks his birth family did the right thing for him. Someday perhaps, he’ll get a chance to tell them so in person.

Tom Lynn, a lifelong Dallas resident, is president of the office division for Dallasbased NAI Robert Lynn. Robert Lynn started the business in 1962. Tom joined his father’s company in 1986. Tom regrets that his father isn’t still alive to see that the goals and plans that he began the company with are still in place today, 51 years later. Tom, like his father, is big on integrity. He says that ‘it’s all about serving others.’ Tom’s dad used to say: ‘There’s a buyer for every building, so just work for your client and the buyer will come.’ Robert Lynn also used to tell his brokers to: ‘Hit the streets,’ or ‘Burn some shoe leather.’ Tom’s original career goal was to join the Secret Service.

Growing up, he imagined himself guarding the president, he remembers. But his dad was losing brokers who’d ‘defected’ and started their own companies, so Tom decided, while a senior in college, to go into his dad’s business. It’s a decision he’s never regretted.

Tom has been involved in 700 to 800 transactions through the course of his CRE career; his most memorable ‘deal done’ happened in 2009 and is ‘memorable’ for multiple reasons. Tom says, “God was all over this one!” One of Tom’s clients hired him to help negotiate a 1.2 million sf facility in Illinois. According to The Wall Street Journal, that deal turned out to be the largest transaction anywhere in the U.S. during fiscal year 2009 because the downturn had resulted in such an abominable CRE market throughout the country. Tom says, “All in all, I was working with a Fortune 200 company financially strong, but the economy was so bad at the time. We felt very fortunate that we were able to make it happen during that time.”

However there is another reason that causes that out-of-state transaction to stand out for Tom, who is turning 50 years of age this month. Tom knew all his life that he’d been adopted and that he had been born in Springfield, Illinois. Since he was traveling so close to Springfield for business, Tom decided on the spur of the moment to travel to Springfield and try to find people who could tell him about the circumstances of his adoption. He hoped to find even his birth parents, so that he could tell them, “Thank you. You did the right thing. My life’s been great. I’ve got wonderful kids, and my parents were amazing!”

Post 2009, Tom’s back in Dallas, and back at work. The leasing market in the office sector is as busy as it’s been throughout Tom’s career in CRE (27 years). Growth and development has been slow and steady in the North Texas office market.

Certain pockets of the market, namely North Plano, Frisco, and Uptown have seen new construction. He is seeing growth in the financial industry sector. Much of the growth is related to expansion of existing companies already located in the region.

There’s also significant growth in the insurance sector (State Farm’s 1.5 million sf transaction in Richardson).

Tom attributes some of the growth to pent-up demand related to the downturn that started back in late 2008. Locally, and throughout the state, companies seem more comfortable with the state of the economy than they have been in the past 3 years.

Tom is also seeing floods of companies coming in from outside DFW; this includes companies that are new to the area, and companies that were already there, but are consolidating services from other regions such as California, New York, or Chicago.

At present, DFW is considered to be a very ‘aggressive’ business environment.

By way of example, last month NAI Robert Lynn did a record 82 transactions. The average was running about 60 transactions per month. The office division alone will do well over 200 transactions in 2013. These deals include office space in virtually every submarket within the region, as well as nationally.

When asked about a ten-year plan, Tom replied, “I see my last contribution to this company as building our office division to be as strong as our industrial division is.

Currently we are one of the top industrial companies in the market, and so, over the next 10 years that’s what I plan to do: grow our office division. We’re improving at a rate of 25-30% a year on the office side. In ten years, I hope to be the leading office brokerage firm in the city.

The story that Tom learned in Springfield is absolutely incredible. Tom was only 2 months old when he was abandoned at Central Baptist Church in Springfield.

This was back in December 1963. The local newspaper dubbed Tom “Little Orphan Andy” and local agencies and officials sponsored statewide attempts to locate his biological parents. Tom, then known as ‘Little Orphan Andy” became famous, as there was significant media coverage of the ‘foundling baby’. Offers to adopt him came in from around the country. To this day, all that is known about Tom’s family of origin is that the man who left him with church nursery workers was neat, welldressed, polite, and well-spoken. He was described as 18 or 19 years of age with a dark complexion, was wearing a suit, and indicated that he was going to attend the church’s Christmas pageant. He never reappeared.

Back in 2009, Tom left Illinois knowing much more about his adoption than he’d previously known, but he still doesn’t know who his biological parents were. “It’s

For entertainment, Tom reports the following: “I’m afraid that this is going to sound self-serving, but here goes! I started a Christian Charity in 2006 called The Secret Angel. I’ve got a team of angels who volunteer with me, most of them connected to the CRE industry here in Dallas. We go into the poor parts of Dallas and identify needs in those communities. Then my group of angels raises money and we meet the needs of others completely anonymously. It’s not just fun. It’s rewarding and gratifying and humbling. And, of course I also do ‘kid things’ with my family. We get out to the lake together with all their friends most weekends. And I try and golf once a month or so. I tell everyone who comes and works with me that the magic of our business and why we do what we do is because we’re put on this earth to serve others. We’re a long-term commitment company. And we’re fortunate to have all the opportunities that we do to go out and serve others and to be paid well for doing what God puts in front of us to do.

redNEWS.com 17

Epicenter of West Houston

Town Centre I & II The 4.649 acre tract, known as Town Centre I & II, is located at the southeast corner of Town & Country Boulevard and Queensbury Lane.

The site is approximately 650 feet east of the Sam Houston Tollway (Beltway 8) and approximately 1,926 feet south of Interstate 10.

When developed, the site will have direct access to Town & Country Boulevard and Queensbury Lane with easy access to Interstate 10 and the Sam Houston Tollway.

The site will also have access to Memorial Drive via the neighboring development, Town & Country Village.

Size of Site

4.649 Acres (202,511 SF)

Building Size

Phase I - 10 story/ 254,489 SF/ 26,657 per floor Phase II - 5 stories/ 100,000 SF/ 20,000 per floor

Quoted Rental Rate

$28.00 per RSF (NNN)

Quoted T.I. Allowance

$40.00 per RSF (minimum of a five (5) year term)

Parking Information

Parking Ratio - 3.91/1,000 SF Reserved Rate - $75.00 per space per month Unreserved Rate - $45.00 per space per month

Expected Delivery Date

Phase I - Fourth Quarter 2014

Architect

Kirksey Architecture

LEED Certification

Silver ®

QUEENSBURY LN

THEATER TOWN CENTRE ONE 10 STORY 256,199 254,489 254,489 Net Net Rentable Rentable sqft

ASIAN BISTRO + LOUNG

SERVICE

8-LEVEL GARAGE

TOWN & COUNTRY BLVD

1,370 PARKING SPACES

PHASE II: TOWN CENTRE TWO 6 STORY - 100,000 sf

SITE PLAN02- SITE PHASE I+ PLAN PHASE 0

25'

50'

100' 02 NOVEMBER © 2012

E

Developed, Managed and Leased by

Bob Cromwell

713-773-5531

bcromwell@moodyrambinint.com ASIAN BISTRO + LOUNG

E

Kevin Nolan

713-773-5572

knolan@moodyrambinint.com

速

Office Statistics - Texas Second Quarter 2013 Central Business District

Suburbs

Texas Totals

20 redNEWS.com

Great User or Development

Tracts with Flexible Owner Financing 1

3

5

HOUSTON

1

20.12 acres

$10/sf

$1.25/sf 8.025 acres 3 1.08 acres $9/sf 4 3.1 acres $2.25/sf 5 New $425,000 * 8180 SQ commercial buildings - 2039 Pech Road, Spring Branch 2

4

Brittmoore & Clay Road Red Bluff & Preston Road Blalock & Clay Hilcroft near Orem Road 41 unit mini-storage *

2

A+ Performing Real EState Notes for Sale Payout

Rate

Remaining

Security

Price

$292,071

5-7%

48 months

$200,000

$1,291,608.70

10%

145 months

Commercial Historic Bldg.

Commercial Bldg.

$730,660

M i t c h Z a r s k y | 7 1 3 . 8 2 5 . 0 7 2 8 | m i t c h z a r s k y @ y a h o o . c o m | BROKERS PROTECTED

PROFESSIONAL OFFICE PARK - T.C. JESTER & FM 2920 7109 & 7113 FM 2920 Spring, TX 77379

FOR LEASE INFORMATION

WENDY HULL (713) 473-7200

redNEWS.com 21

ray’s

HOUSTONCOMMERCIALBUZZ

R ay H ankamer Hankamer & Assoc, Broker, Houston Contributing Writer

Just Plain Businessmen

Men are so limited when it comes to business attire. The fabric of the clothes we wear to work cannot have colorful flowers printed all over them. We cannot wear silk scarves draped around our shoulders. We do not have the choice of pants or skirts, like our female counterparts (although who knows if this may change under current evolution of social norms!).

No, our apparel is pretty plain, with few sartorial accessories available to us.

Many of us grew up with the marketing slogan, “Clothes make the man”, seared into our awareness. And for most of us, this meant conservative suit, button-down cotton shirt, and tie.

Ladies, think about the cotton dress shirt most men wear under their necktie. Being cotton, every time it is laundered, it shrinks ever so much. Over time, the collar barely buttons.

The sad result is a red face, a constrained Adam’s apple, and in worst case, bulging eyeballs. Not a fun way to spend a day in the cube.

For years I hated tying my tie every morning, but convention required it. I always told myself “I’d better wear it, since I might have to go see my banker today.” And then one dayHallelujah!! I went to the bank and my banker was in an open-neck shirt!! Woooo-Hoooo!

That roughly coincided with my 60th birthday, so I gave myself three presents on the spot: no more washing my own car, no more shining my own shoes,and NO MORE NECKTIES.

How do I manage all these shirts, which I can now wear longer since I do not have to button the collar?

Shirts back from the cleaners go at the far end of the closet rod and I dress each morning from the near end of the rod. The shirt that comes up that day dictates the trousers, and the combo dictates the belt and shoes. A blue blazer hangs in my car, in case I need to “dress up” for a business lunch.

Easy as that, and that is about as close as a man can get to exciting variety in his daily business dress.

With regard to men’s shoes, most of them pretty much look alike, unlike the ladies, whose selection is radically broad.

I once asked a lady friend: “What’s with this addiction to SHOES?” Her reply was: “Think of it this way-shoes are to women what porn is to men.” I got it.

Some men will wear a blazer or jacket, and the most daring will risk appearing foppish by putting a handkerchief (Esquire and GQ say to call it a “pocket square”) in the breast pocket with three or four of the corners poking out.

Just when a man thinks he has the rules down pat, though, he can get a jolt.

I was once in Dallas-famed for both men and women dressing to the nines at all times-when I noticed one evening a My closet is now fondly referred to around my house as my man wearing a stylish blue blazer, but with blue jeans and Necktie Museum. I have a lot of them, and a lot of cool ones. boots. He was dancing disco in that attire, with a stylish young woman.

But they hang in my closet now and not around my neck.

Speaking of that closet, and those cotton shirts…over the years I buy or receive as gifts on average 3-4 shirts per year.

Over the past twenty years this has added up to 60-80 shirts.

That means that I can only wear a given shirt four or five times a year, so they never wear out. They still look new.

Meantime I still receive 3-4 per year.

22 redNEWS.com

Aghast, I turned to my local broker friend, and shrugged my shoulders in the direction of the dance floor. He pulled me close, and looking at the couple whispered: “Old Dallas money”.

July 11 , Houston CCIM Luncheon th

CCIM Speaker Dale Rudnick Updates on Drainage / Street Improvement Plan Funded by Tax on Impervious Cover in the City of Houston Dale Rudnick, Deputy Director, Public Works and Engineering / City of Houston summarized the “innovative pay-as-you-go program” approved by the voters in 2010 specifically for street and drainage infrastructure improvements.

He emphasized that this new program needs to be taken in context with another new program, the Developer Impact Fee Program, as well as with two existing programs: ad valorem taxation and Third Party Funds / Private-Public Partnerships for improvements in specific areas as there are in effect four distinctly different sources which contribute money to the improvement of our street and drainage infrastructure.

The essence of the overall plan, according to Mr. Rudnick, is to wean the city and its citizens off the habit of creating debt loads for future generations in order to pay for today’s street infrastructure maintenance and installation Once existing debt is paid off or substantially reduced, tax revenues will flow-through direct to pay-as-you go projects from year-to-year, avoiding any more debt creation.

The first millions of dollars coming in from this tax for the next few years will go mainly to reduce debt incurred from past bond issues. Slowly, as this debt is amortized, and no new debt is incurred, the ability to free

R ay H ankamer Hankamer & Assoc, Broker, Houston Contributing Writer

funds to improve and maintain Houston streets will gather momentum.

Don’t expect to see much going on in the next few years, though. It may be Fiscal Year 2020 before noticeable incremental work is being done around the city. It will take that long to retire some of the debt hangover from the past.

After 2020 we should see marked improvement all over, snowballing from year to year on into the future.

The city has done a careful analysis of all thoroughfares and minor streets, and has ranked them from very bad to ok, and has prioritized repairs.

Having described the objective system of identifying problem streets, what did not come up is how politics will affect the allocation of funds as they come available. That can be left to our imagination.

Rudnick said in principle, fixing the worst streets that affect the largest number of people will come first, before horrible streets which affect fewer people. Repairs ‘will be fairly distributed over all corners of the 640 square miles which make up our city’.

To view interactive maps, and the 5+5 year plan, as well as lots of other information, go to www.rebuildhouston.org.

Please note I have a new email address; please update your address book to rhankamer@gmail.com.

October’s Issue of redNEWS Focus:

Land/Developments

red NEWS REAL ESTATE DIRECTORY

Do you have a project you’d like featured?

Deadline for ads: Thursday, September 12th Contact Karisa@redNEWS.com or 713.661.6300 redNEWS.com 23

Would you like to reserve this page to market your listings for 3, 6, 9 or 12 months?

Is your website in desperate need of an upgrade?

Do you need a package of eblasts to market a new listing?

Would a banner on our newsletter help you market a service you provide?

Think of redNEWS as your personal marketing department and contact us today.

Karisa@redNEWS.com or 713-661-6300

whatâ&#x20AC;&#x2122;s happening in CRE Texas

The following pages contain a calendar of Texas CRE events, networking photos and deals/announcments.

For more of the above, log on to redNEWS.com. We update CRE news and events every day!

Events Calendar Networking Deals& Anouncements

Sponsored By:

redNEWS.com 25

events

CALENDAR ASSOCIATION OF COMMERCIAL REAL ESTATE PROFESSIONALS

Southeast Texas

Jim Murphy - Legislative Update & Westchase Happenings

(Hou ston Area) September 4- Wednesday CREW Houston CREW/BOMA Developer Panel Houston 11:30a - 1:00p www.crewhouston.org September 4 – Wednesday BOMA Houston 2013 September Luncheon Houston 11:00a – 1:00p www.houstonboma.org September 6 – Friday CREN Luncheon Houston 11:00a – 1:00p www.houstoncren.com September 10 - Tuesday SIOR – September Luncheon Houston 11:30a – 1:00p www.siorhouston.com September 11 – Wednesday NAIOP Houston Immigration Reform and What it Means to Texas Houston 11:00a – Check in 11:30a – Luncheon and Program www.naiophouston.org September 12 – Thursday Houston Realty Junior League Houston 7:00a – 8:30a www.houstonrealty.org September 12 – Thursday CCIM Houston September Luncheon Maggianos Little Italy 11:30a-1:00p www.ccimhouston.org

September 16 – Monday Greater Houston Partnership 18th Annual GHP Golf Classic Registration: 10a, Shot-gun Start: 1:00p www.houston.org September 17 – Tuesday FBSCR Breakfast Meeting Sugar Land 8:00a – 9:00a www.fbscr.com September 18 & 19 – Wednesday and Thursday IREM Houston Human Resources Essentials for Real Estate Managers HRS 402 (2 Day Course) Houston 8:00a – 5:00p www.iremhouston.org September 18 – Wednesday O’Connor & Associates Office Forecast Lunch Houston 11:30a – 1:00p www.poconnor.com September 19 - Thursday BACREN Monthly Luncheon – Speaker: Russell Ybarra Houston 10:30a – 1:00p www.bacren.com September 19 – Thursday IREM Houston IREM Young Professionals Happy Hour Location TBD @ 5:00p www.iremhouston.org September 20 – Friday CREN Luncheon Houston 11:00a – 1:00p www.houstoncren.com

Thursday, September 26th, 2013 | 7:00am-8:30am Houston Country Club - One Potomac Drive

September 23 – Monday IREM Houston Charity Golf Tournament Sugar Land www.iremhouston.org

Non-Members/Guests - $40 ACRP - No Charge

RSVP to michelle@acrp.org www. ACRP.org

September 25 – Wednesday CCIM Houston/Gulf Coast and CREW Houston Joint TOP GOLF Event Houston www.ccimhouston.org September 26 – Thursday CREN Happy Hour Houston 4:30p - 7:00p No RSVP Required www.houstoncren.com September 26 – Thursday ACRP Breakfast Houston 7:00a – 8:30a www.acrp.org

Networking

Educat ion

CI 101, CI 102, CI 103, CI 104 or CCR & Exam Available to current Houston/Gulf Coast CCIM Chapter Members Contact Ginger Coleman at 713.783.0297 or ginger@amchouston.com /www.ccimhouston.org

If you have a CCIM or RPA, you can fast track the Certified Property Manager credential.

INVEST IN YOUR REAL ESTATE

JO N

MANAGEMENT

CAREER

Institute of Real Estate Management www.irem.org 713.783.9225

I AM YOUR ASSET

PERFORMANCE

EXPERT I AM A

CPM

®

Certified ProPerty Manager ®

26 redNEWS.com

Technology

CCIM Course Scholarships

Trust a certified professional to maximize the return on your investments.

A CPM® has: • Expertise on salvaging, maintaining, and marketing your real estate assets • Pledged a commitment to the highest ethical standards • Proven experience in maximizing ROI in any economic climate

TO FIND A CPM® IN YOUR AREA, VISIT www.irem.org/CPM OR, CONTACT YOUR LOCAL CHAPTER:

IREM® Dallas Chapter No. 14 (214) 368-2181 • www.irem-dallas.org

CREW San Antonio’s 30th Anniversary Gala You are Invited to Celebrate the Women of CREW San Antonio Sponsorship opportunities available

Date: September 12, 2013 at 6PM Location: The Rosenberg Sky Room at Incarnate Word Keynote Speaker: Senator Donna Campbell You may register online at www.crew-sanantonio.org or you may contact: Tracy Ballard at 210.415.1300 or admin@crew-sanantonio.org

events

Central/South Texas ( Austin / s a n a n to n io A re a ) September 3 – Tuesday BOMA Fort Worth SMT Course: Registration Fort Worth 5:30P www.bomafortworth.org

September 12 – Thursday ULI Excel Tips and Shortcuts for Real Estate Professionals: ULI Online 1:30p – 3:30p www.northtexas.uli.org

September 20 – Friday SCR-FW Fort Worth REALTORS Golf Classic Fort Worth 12:00p – 6:00p www.scr-fw.org

September 26 – Thursday NTCAR YPF 3rd Quarter Event Dallas 5:30p – 7:30p www.ntcar.org

September 3 – Tuesday

September 17 – Tuesday NTCAR Broker Responsibility Dallas 8:00a – 5:00p www.ntcar.org

September 23 – Monday TREC Bank of Texas Speaker Series Presented by The Dallas Morning News Dallas 11:30a – 1:00p www.recouncil.com

September 26 – Thursday BOMA Fort Worth Fall Networking Event – Viva Las BOMA Fort Worth 5:30p www.bomafortworth.org

September 23-25 – MondayWednesday ULI Introduction to Modeling Investment Waterfall Distributions ULI Live Online Workshop 1:30p – 3:30p www.northtexas.uli.org

September 26 – Thursday NAIOP Monthly Breakfast www.northtexasnaiop.com

Dallas Your real estate deserves realBOMA management.

Refrigeration System & Accessories

® Market Count on a CPMAnalysis professional to deliver real results. www.bomadallas.org Tough Questions in Tough Times = Closed Transactions September 4 – Wednesday

5:00p – 7:00p

September 25th, 2013

CPM

CREW Fort Worth The LeftBank Site Fort Worth on your real estate portfolio, 11:30a – 1:00p www.crewfw.org turn toallow aC PROPERTY MANAGER® (CPM®).

Counseling ideas and techniques that will youERTIFIED to

6 Hours MCE ® For optimal returns Course Number 06-00-034-23936 Provider #9821 more professionally understant your client’s motivations and assist them to maximize their benefits and accomplish ®

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

September 6 – Friday BOMA Dallas A CPM has: Design, Operation and Maintenance z Demonstrated experience of Building Systems, Part II in building value Dallas z Pledged commitment 9:00a to the highest ethical – 4:00p www.bomadallas.org z

standards September 10returns – Tuesday Proven expertise in maximizing

IREM AUSTIN PRESENTS

ETH800-Ethics ­- Ethics for for the the Real Real Estate Estate Manager Manager September 10 10thth,, 2013, 2013, 8:00am 8:00am –– 5:00pm 5:00pm September For more more information information and and registration registration For visit iremaustin.org iremaustin.org visit

CALENDAR

BOMA Fort Worth Monthly Luncheon Fort Worth 11:30a www.bomafortworth.org September 11 – Wednesday BOMA Dallas September Joint Membership Meeting with IREM Dallas 11:30a – 1p www.bomadallas.org

September 17 – Tuesday NTCAR YPF Up Close and Personal 5:30p – 7:30p www.ntcar.org September 18 – Wednesday CREW Dallas – Luncheon 11:30a – 1:00p www.crew-dallas.org September 19 – Thursday NTCAR Luncheon Featuring Mike Berry of Hillwood Properties Dallas 11:30a – 1:00p www.ntcar.org September 19 – Thursday BOMA Dallas Engineer Lunch & Learn September 2013 Dallas 11:30 a – 1:00p www.bomadallas.org

September 25 – Wednesday CREW Fort Worth Casino Night Fort Worth 6:00 p – 8:30p www.crewfw.org September 25-26 – WednesdayThursday SCR-FW 2013 Commercial Real Estate Summit Fort Worth All Day www.scr-fw.org

September 26 – Thursday ULI Private Equity Capital: Understanding and Navigating the Options 8:00a – 5:30p www.northtexas.uli.org September 27 – Friday ULI Basic Real Estate Finance 8:00a – 5:00p www.northtexas.uli.org

www.iremaustin.org • 512-301-3311

COMMERCIAL “Commercial Lease Analysis, Comparison & Lease vs Own”

north Texas ( dal l a s / f t. Wo rth A re a )

9 hours of MCE - Course #09-00-035-25248 - Provider #0287

Instructor Cliff Bogart, CCIM Visit www.ctcaronline.com for pricing & registration info

C TC A R

w w w.c tc aronline.com

2014 Sponsorship Packages now available!

Is your company looking for exposure and recognition in the commercial real estate industry?

commercial real estate women

SPONSORSHIP OPPORTUNITIES START AT $750.

Visit the CREW-Dallas.org website for more information or call the CREW office at 214.890.6490

September 3 - Tuesday CREW – San Antonio Board Meeting San Antonio 11:45a www.crew-sanantonio.org

September 9 – Monday RECA Signature LDC Program Austin 12:00p – 1:30p www.recaonline.com

September 3 – Tuesday CREW Austin PR Committee Meeting Austin 10:00a – 11:00a www.crewaustin.com

September 9 – Monday CREW Austin Membership Committee Austin 12:00p – 1:00p www.crewaustin.com

September 4 – Wednesday CCIMTexas Board Meeting Austin 10:00a – 11:15a www.ccimtexas.com

September 10 – Tuesday CREW Austin Golf Committee Austin 11:45a – 1:00p www.crewaustin.com

September 4 – Wednesday CCIMTexas Monthly Luncheon – “Meet Austin Energy’s New Vice President, Debbie Kimberly” Austin 11:30a – 1:00p www.ccimtexas.com

September 10 – Tuesday IREM Austin Monthly Luncheon Austin 11:30a – 1:00p www.iremaustin.org

September 4 – Wednesday CCIMTexas FREE MCE “Legislative Update” by Texas Association of Realtors Austin 1:15p – 3:15p www.ccimtexas.com

September Luncheon featuring

Mike Berry

of Hillwood Thursday, September 19th 11:30-1:00 p.m.

The Park City Club

for more info visit: www.ntccim.com

September 5- Thursday RECA September Member Luncheon Austin 11:15a – 1:00p www.recaonline.com September 9 – Monday RECA Regional Issues Committee Meeting Austin 12:00p – 1:00p www.recaonline.com

September 11 – Wednesday IREM Austin Annual Golf Outing Austin 12:30p – 6:30p www.iremaustin.org September12 – Thursday CREW Austin Board Meeting Austin 11:30a – 1:00p www.crewaustin.com September 12 – Thursday RECA Networking Happy Hour Austin 5:30p – 7:00p www.recaonline.com September 12 – Thursday CTCAR Property Information Exchange Austin 7:30a – 9:00a www.ctcaronline.com

September 12 – Thursday CREW San Antonio Charity Gala – Celebrating CREW San Antonio San Antonio 6:00p – 9:00p www.crew-sanantonio.org September 13 – Friday IREM San Antonio FREAKY FRIDAY The 13th Bowling Tournament San Antonio www.iremsanantonio.org www.wcrsanantonio.org September 17 – Tuesday CTCAR MCE Course “Inbox Zero” Austin 9:00a – 10:00a www.ctcaronline.com September 17 – Tuesday CREW Austin Monthly Luncheon – Networking Luncheon & Presentation Austin 11:30a – 1:00p www.crewaustin.com September 17 – Tuesday IREM San Antonio ARM Luncheon and Tour o f the Can Plant San Antonio 11:45a – 1:00p www.iremsanantonio.org September 18 – Wednesday RECA City of Austin Policy Issues Committee Meeting Austin 12:00p – 1:00p www.recaonline.com September 18 – Wednesday RECA – Board Meeting Austin 4:30p – 6:00p www.recaonline.com

September 19 – Thursday WCR San Antonio Governing Board Meeting San Antonio 10:00a www.wcrsanantonio.org September 19 – Thursday RECA 18th Annual Charity Golf Classic Austin 12:00p – 6:00p www.recaonline.com September 19 – Thursday IREM Austin 2014 Leadership Planning Meeting Austin 8:00a – 5:00p www.iremaustin.org September 24 – Tuesday IREM Austin Key Player’s Luncheon Austin 11:30a – 1:00p www.iremaustin.org September 25 – Wednesday CCIMTexas Tough Questions in Tough Times = Closed Transactions Austin 9:00a – 4:00p www.ccimtexas.com September 30 – Monday RESCA Council Open Golf Tournament San Antonio www.recsanantonio.com

redNEWS.com 27

Out and About â&#x20AC;&#x201C; Texas CRE Networking August offered alot of opportunities to rub elbows with colleagues

and hear informative speeches about the market. Texas is awesome and we should thank our lucky stars we live here. Remember to keep an eye out for Karisa and tell her you want your picture in redNEWS! To view more photos go to: http://www.rednews.com/networking-event-photos

1

n e t w o r k i n g

2

CREN: 1. Jeanette Kew, NYT Realty; Claudia Pedroza, Phase Engineering, Inc. 2. Waylon Themer, City Bank Texas; Jake Roland, Kirby Albright Brokerage 3. Darrell Betts, Avison Young; Ayman Nasser, Zenith Real Estate Group

4 3

CREW: 4. Cassie Stinson, Boyar Miller; Jill Jewett, MATCH Project Manager; Michele Ellis-Felder, CREW Houston President 5. Trey Miller, Boxer Property; Sarah Lawson, DCT Industrial; Kristi Johnson, Northmarq CCIM: 6. Tina Poindexter, Memorial City Bank; McKenzie Followwill, Parkway Properties

5

6 networking

28 redNEWS.com

S o u t h E a s t Te x a s

n e t wo r k i n g networking

C e n t r a l S o u t h Te x a s CREW 1. C REW Foundation Scholarship Winner Ailena DiBenedetto; Ashley Teykl, Independence Title; Alexis Michael, OMNIBANK NA

1

Phase Engineering Event 2. M elanie Edmundson, Phase Engineering; Kevin Lancaster, First Texas Bank

2

3. Alexis Michal, OMNIBank; Pam Barbeau, OMNIBank CTCAR Luncheon 4. D enise Kindred, KW Commercial; Mary Lawrence, Dimensions Floorplan; Doug Swanson, Xceligent

4

3

networking

N o r t h Te x a s IYP Happy Hour 1. (Back L to R) Christina Kong, Amax Property; John Lee, CPM; Brian Wiedenhoeft, Brickman Group; Scott Cessac, Case Commercial; Joon Park, Promise Total Services; Ryan McCrady, Promise Total Services (Front L to R) Monica Green, Duke Realty; Ginny Goldsmith, CPM, Cobalt Capital Partners; Amanda Lipford, Chamberlin Roofing; Daniella Walts, Hardwood; Andrea Saccomanno, Executive Security; Claudia Ferrara, CPM, Transwestern; Talisha McClaney, Duke Realty” SCR Happy Hour 2. S herry Matina with the Greater Fort Worth Association of REALTORS & Charles Rogers with C.W. Rogers Real Estate Investments, Ltd.

2

1

3. B lair Cantrell with Cantrell Commercial Real Estate LLC, C.B. Team with Ellis & Tinsley, Inc. & Lauren Vaughn with Brants, Inc., REALTORS® CREW Luncheon 4. J on Ruff and Andrew Schendle both from Spire Realty; Jennifer Scripps, Perot Museum, guest speaker; Allison Johnton, Spire Realty; and Ryan Johnson with Spire Realty which was the sponsor of the event.

3

4 redNEWS.com 29

proper ty type

Region:

South east Texas

off i c e

For details on deals and announcements go to redNEWS.com

DEALS PROP. TYPE

la nd i nd u st r i a l

ADDRESS

WEST OF HIGHWAY 6, BRYAN, TX p WOODFOREST 25190 I45, RAYFORD RD, THE WOODLANDS 19140 NORTHPINE, SPRING, TX BW 8 AND HWY 249, HOUSTON, N GESSNER 15919 RIDGE PARK DR, HOUSTON 0 NORTHVILLE DR, 77037, HOUSTON 550 CANINO DRIVE, HOUSTON 18511 BEAUMONT HWY, HOUSTON 8721 CLAY RD, HOUSTON 11251 NORTHWEST FREEWAY, HOUSTON Fry Road and Morton Road, katy HEIGHTS AND 11TH STREET, HOUSTON N MAIN STREET, ARCHER & CEDAR, BAYTOWN 406 WEST GRAND PARKWAY SOUTH, KATY CORNER OF PRAIRIE AND MAIN, HOUSTON 708 MAIN STREET, HOUSTON 4400 POST OAK PARKWAY, HOUSTON WEST ALABAMA AND EDLOE, HOUSTON 1000 MAIN, HOUSTON p 6320 RICHMOND, HOUSTON 9 GREENWAY PLAZA, HOUSTON, TX TACO BELL , U OF H, HOUSTON 7119 HIGHWAY 6 SOUTH, HOUSTON 6210 ROOKIN, HOUSTON, TX 5128 BISSONNET, BELLAIRE 4545 BISONNET, Bellaire MEYERLAND PLAZA, HOUSTON (2 DEALS) 655 INDUSTRIAL BLVD, SUGAR LAND 13340 PIKE ROAD, STAFFORD, TX 8200 Telephone Road, Houston Spencer Hwy. and Luella Ave, Deer Park Pasadena Boulevard, Pasadena Beamer Rd % Scarsdale Rd, Pasadena p I-10, FM 1463 AND PEDERSON ROAD, Katy

30 redNEWS.com

retail

q

a p a r t m e nt f a c i li t i e s hotel/restaurant sa le

le a se

proper ty type

Region:

NORTH Texas

off i c e retail

For details on deals and announcements go to redNEWS.com

la nd i nd u st r i a l a p a r t m e nt fa c i li t i e s hotel/restaurant sa le

le a se

p

DEALS PROP. TYPE

ADDRESS

MCKINNEY STONEBRIDGE ELDORADO 7164 TECHNOLOGY DRIVE, FRISCO 5151 HEADQUARTERS DRIVE, PLANO 4525 OHIO DRIVE, FRISCO 825 MARKET STREET, ALLEN 1200 lake pointe dr, lewisville 5801 TENNYSON PKWY, PLANO 5516 W PLANO PARKWAY, PLANO PLANO RESEARCH AND TECHNOLOGY, PLANO 1200 LAKESIDE, FLOWER MOUND 500 E ROUND GROVE RD, LEWISVILLE LAKEPOINTE CROSSING, LEWSIVILLE 701 CANYON DRIVE, COPPELL 1228 CROWLEY DR, CARROLLTON 3214 BELT LINE RD, FARMERS BRANCH MILLENNIUM TOWER, ADDISON

Preston Road and Belt Line Road, dallas 1130 E. ARAPAHO, RICHARDSON I-35 & GOLDEN TRIANGLE BLVD, fort worth 815 S. COPPELL ROAD, COPPELL 1461 S. BELT LINE ROAD, COPPELL 1746 W. CROSBY ROAD, CARROLLTON 5001 SPRING VALLEY ROAD, DALLAS 13747 MONTFORD DRIVE - DALLAS 747 PORT AMERICA PLACE, GRAPEVINE 2600 LUNA RD, CARROLTON 1801 ROYAL LANE, FARMERS BRANCH 12225 GREENVILLE AVE, DALLAS (2 DEALS) PRESTON HOLLOW VILLAGE 9000 N. ROYAL LANE, DALLAS bedford, FT WORTH 909 LAKE CAROLYN, IRVING

105 DECKER CT, IRVING (2 DEALS) 5808 MCCOMMAS BLVD, DALLAS 4409 Haltom Rd, Haltom RICHLAND HILLS 4200 OAK LAWN, DALLAS 3838 OAK LAWN, DALLAS 3102 OAK LAWN, DALLAS 777 MAIN STREET, FORT WORTH 2301 AVENUE H, GRAND PRAIRIE 600 109th St, arlington 916B 113TH, ARLINGTON 1920 W. Tarrant Rd, Grand Prairie TOWER 909, IRVING 2728 N. WESTMORELAND, DALLAS 2626 HOWELL ST, DALLAS 8228 EAST RL THORNTON, DALLAS

807 S. GREAT sw PKWY, GRAND PRAIRIE 739 S PARKWAY DRIVE, GRAND PRAIRIE 300 W PIONEER PARKWAY, ARLINGTON 3100-3112 WICHITA CT, FORT WORTH 4130 EDEN ROAD, KENNEDALE 3501 LANCASTER-HUTCHINS, HUTCHINS 901 N POLK STREET, DESOTO 370 N STATE HIGHWAY 360, MANSFIELD STATE HIGHWAY 360 - MANSFIELD

redNEWS.com 31

Region:

Central South Texas For details on deals and announcements go to redNEWS.com

DEALS PROP. TYPE

ADDRESS

San Antonio Region 1330 Aquarena Springs Rd, san marcos 19298 STONE OAK PKWY, SAN ANTONIO 3463 E. COMMERCE STREET, SAN ANTONIO 750 MERIDA STREET, SAN ANTONIO 70 NE LOOP 410, SAN ANTONIO 4538 CENTERVIEW DRIVE, SAN ANTONIO 11929 STARCREST, SAN ANTONIO 1846 N LOOP 1604 W, SAN ANTONIO 300 CONVENT ST, SAN ANTONIO 5835 CALLAGHAN RD, SAN ANTONIO 211 north loop 1604, San Antonio 227 north loop 1604, San Antonio 17721 RODGERS RANCH, SAN ANTONIO 45 NE LOOP, SAN ANTONIO 919-995 Isom Road , san antonio 10101 REUNION PLACE, SAN ANTONIO 3111 TPC PKWY, BLD A, 118, SAN ANTONIO 4334-4372 THOUSANd OAKS DR, SAN ANTonio 10001 BROADWAY ST, SAN ANTONIO 14427 BROOK HOLLOW BLVD, SAN ANTONIO 6820 INGRAM DRIVE, SAN ANTONIO 3943 FREDRICKSBERG RD, SAN ANTONIO LOOP 410, MILITARY DRIVE, SAN ANTONIO 11467 HUENBER RD, SAN ANTONIO Hondo village, hondo

PROP. TYPE

ADDRESS

San Antonio Region 10TH STREET VILLAGE, FLORESVILLE 8320 FM 78 #2, CONVERSE RIVERY TOWNE CROSSING, GEORGETOWN 2303 Bagdad Road 401-402 E WHITESTONE BLVD, CEDAR PARK Cedar Park Town Center HIGHWAY 620, O’CONNOR DR, ROUND ROCK S H 45 & La Frontera Blvd 13497 N HIGHWAY 183, AUSTIN IDA RIDGE DRIVE, AUSTIN 4500 Steiner Ranch Blvd, austin 6500 River place BLVD, austin 9300 ABORETUM BLVD, AUSTIN 9500 ABORETUM BLVD, AUSTIN 9715 BURNET ROAD, AUSTIN 717 PARMER, AUSTIN 8900 Wall Street, austin 7000 BEE CAVE RD, AUSTIN A+ PRIME OAKCLAIRE, austin 3101 BEE CAVES ROAD, AUSTIN 4526 Westgate Blvd, austin 2401 CESAR CHAVEZ, AUSTIN A+ PRIME AIRPORT, AUSTIN (2) VISTA LAGO APARTMENTS, AUSTIN 5214 BURLESON ROAD p IH-35, PURYEAR ROAD, AUSTIN KYLE AND KOHLER’S CROSSING, KYLE

p

proper ty type off i c e retail la nd i nd u st r i a l a p a r t m e nt f a c i li t i e s hotel/restaurant sa le

Hondo village, hondo

32 redNEWS.com

10TH STREET VILLAGE, FLORESVILLE

le a se

classifieds

1.9 AC - Fry Rd. Near W. Little York, Katy, TX • 1.96 Acres

FM 529

• $570k/$6.66 PSF

TE SI

Fry Road

N

• 281 ft Fry Rd. Frontage • 300 ft Depth • All Utilities Available *Priced Below Market TAO Interest, Inc - Broker

W. Little York Road

a d v e r t i s e r I N D E X

ACRP

35 26 - 27

i

Tim Opatrny • 713.621.9841 www.taointerests.com email: tim@taointerests.com

A. A. Realty Company

Greenberg & Co.

11

Bernstein Perwien Properties 13

International Church Realty 11

Tarantino Properties, Inc.

Boxer Properties

IREM Dallas

26 - 27

Texas Funding Corporation 33

IREM Houston

26 - 27

CCIM Central Texas 2

13 6 - 27

CCIM Dallas

26 - 27

Maple Development

CCIM Houston

26 -27

Moody Rambin Interests 1, 18, 19

Commercial Choice Realty, Inc.

5

iNDEX

NAI Houston

The J. Beard Real Estate Company

8, 9

7

33

3

CREAM

26 - 27

Phase Engineering, Inc.

25

CREN

26 - 27

Siterra Properties, LLC

21

CREW Dallas

26 - 27

TAO Interests, Inc.

33

CTCAR

26 - 27

Transwestern Westchase District Zarsky

11 2 21

Zurich International Properties, Inc. 11

redNEWS.com 33

34 redNEWS.com

Offce/Retail for Lease Woodland Park Shopping Center | 11380 Westheimer, Houston 77077

• Shopping center size - 75,620 SF - Built in 1985 • Retail space available (1st floor) - 1,600 SF - 4,000 SF - $13.00/SF + NNN • Aggressive lease terms • Pylon signage available • Traffic counts - 82,880 CPD (Westheimer) • +/- 592’ of frontage on Westheimer • 372 surface parking spaces available

1 Kaleidoscope | 10612-10692 Westheimer, Houston, TX

• 2 blocks west of Beltway 8 • 2,952 SF - 2nd floor • Excellent for retail, office or professional use • 905 SF available for a Hair Salon

2 Park West Plaza | 8989 Westheimer, Houston 77063

• 20,000+ SF Available • Up to 6,000+ SF Contiguous Space • Aggressive lease terms - $13.00/SF Gross • Generous surface parking at no charge for open, non-reserved spaces • Card-key controlled access • Pylon signange available • On-site management • Parking ratio - 3.4/1000

For more information Kenneth K.Y. Leung 281.467.3535 713.988.0888 x108 eleung8888@aol.com

1

2

Beltway 8 West

A A Realty Co

Accredited Management Organization

3 Westheimer Rd

3

UHG 1(:6 5($/ (67$7( ',5(&725<

5909 West Loop South, Suite 135, Bellaire, Tx 77401

POSTMASTER: PLEASE EXPEDITE TIME SENSITIVE MATERIAL

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