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Features

Tech hubs to energy corridors: Texas office markets find their footing The office sector in Texas markets are as diverse as the state itself, each shaped by its own blend of industries, trends and opportunities.

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Reeling in retail: Opportunities and growth across key Texas markets From Austin’s vibrant suburban growth to Houston’s record-setting rents, retail development in Texas continues to attract investment and expand.

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Houston Office Market Report |

2024 Looking back at 2024, 12 Q4 the flight-to-quality trend led the

way with nearly 1 million square feet of positive absorption in buildings constructed since 2015, contrary to the overall 1.2 million square feet of negative absorption reported citywide.

MLSA Ventures Forms New Parent Company: Escalera Capital, Integrating Its Businesses in Unified Vision for Innovation and Impact Escalera Capital is doubling down on its mission to deliver extraordinary outcomes to investors and communities.

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Tech hubs to energy corridors: Texas office markets find their footing

BY BRANDI SMITH

Photo courtesy Pixabay.

The office sector in Texas markets are as diverse as the state itself, each shaped by its own blend of industries, trends and opportunities. While some markets are adapting to modern demands with conversions and sublease space, others are seeing pockets of robust absorption and record-high rental rates.

‘The future is bright’ in El Paso “The fundamentals of the market are solid,” said Jacob Quinn, Senior Vice President with CBRE in El Paso. “We’re still a small office market 6

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comparatively, but the market is doing well.”

El Paso’s growth is fueled primarily by the manufacturing sector in Juárez, Mexico, and industrial and civil construction locally.

“As more manufacturing takes place in the border region, the office sector will continue to grow,” Quinn explained, noting that the Central Business District remains El Paso’s strongest submarket due to the surrounding businesses.

Quinn is optimistic about the future of the market.

“Overall, the future is

“Overall, the future is bright for the El Paso office market,” he said. “I expect office to pick back up in the years to come and continue to see a decline in the ‘work from home’ model.”

bright for the El Paso office

Resilience amid high vacancy in Dallas DFW’s office market posted 269,538 square feet of positive net absorption Jacob Quinn in Q4 2024, though vacancy edged higher to 26.8% due to a wave of new deliveries. Sublease inventory has declined steadily, reaching a three-year low of 7.8 million square feet.

Leasing activity grew 6.6% quarter-over-quarter, driven by demand in the Upper Tollway, Richardson/Plano, and East LBJ Freeway submarkets. Class A properties accounted for 84% of leasing activity, highlighting the region’s demand for modern, high-quality spaces.

DFW’s construction pipeline has slowed, with 2.5 million square feet underway at the end of the year. However, the market benefits from strong job growth, particularly in financial activities, which expanded at seven times the national rate in 2024.

Conversions and contractions in Houston Houston’s office market continues to adapt to shifts in tenant demand, ending 2024 with nearly 3 million square feet of negative absorption. The vacancy rate rose to 24.3%, largely due to energy-sector relocations and contractions.

Still, demand for premium Class A properties remains strong. Notable leases include 182,000 square feet at Texas Tower, which reached 91.3% occupancy within two years of completion. Rental rates averaged $31.83 per square foot, up 2% year-over-year.

Conversion projects are reshaping the market with 3.7 million square feet of office space slated for residential or mixed-use redevelopment. These efforts reflect a broader trend of adapting surplus office inventory to meet evolving demand.

Stabilizing amid shifting fundamentals in San Antonio San Antonio’s office market closed 2024 with 122,623 square feet of positive net absorption, driven largely by Guidehouse’s 107,094-square-foot lease in the Far West submarket. Despite this uptick, marketwide vacancy remains elevated at 18.8%, just below the national average. Class A vacancy is particularly tight in Midtown, where it dropped to 8.1% in Q4.

Leasing activity grew significantly with tenants leasing 2.8 million square feet in 2024, compared to 2.1 million square feet in 2023. Class A assets accounted for over half of this volume, reflecting tenants’ preference for high-quality spaces. Rental rates reached historic highs, averaging $28.71 per square foot, with Midtown Class A rents commanding $38.87.

market. I expect office to pick back up in the years to come and continue to see a decline in the ‘work from home’ model.”

No new office construction is underway in San Antonio proper, but the market is expected to tighten as existing spaces lease up. The River Mill project in New Braunfels, at 130,000 square feet, remains under construction without pre-leasing activity.

Tech revival drives demand in Austin Austin’s office market saw 148,825 square feet of positive net absorption in Q4 2024, bolstered by a revitalization in the tech sector and a return-tooffice trend.

“More than 80 tenants are actively seeking space totaling over 2.5 million square feet,” according to CBRE. The city’s vacancy rate fell slightly to 24% with Class B spaces showing the most improvement. Rental rates climbed to an average of $33.22 per square foot for Class A assets. Two new projects added over 300,000 square feet of Class A space in the South Austin submarket, though no new groundbreakings occurred in Q4. With more than 2 million square feet of new office space slated for delivery in 2025, market activity is poised for growth.

Despite these gains, Austin’s sublease market expanded by 6.1% in Q4 with technology and insurance companies accounting for most of the available space. The city’s high return-to-work rate – averaging 79.5% building occupancy – may help absorb this inventory.

FEBRUARY 2025

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Reeling in retail: Opportunities and growth across key Texas markets

BY BRANDI SMITH

Image by Kate Baucherel from Pixabay

From Austin’s vibrant suburban growth to Houston’s record-setting rents, retail development in Texas continues to attract investment and expand. The state’s largest markets continue to demonstrate resilience and growth with each major metro area presenting unique opportunities and challenges.

President with Edge Realty Partners. “Our vacancy rate is hovering around 3% across the entire Austin MSA with no signs of an increase.”

‘Extremely strong signs of growth’ in Austin

Submarkets like Georgetown, Leander, Liberty Hill, Kyle and San Marcos are experiencing significant growth with hundreds of thousands of square feet of retail space under development.

“Austin's retail market is extremely strong,” said Hutch Hutchings, Vice 8

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This tight market reflects the area's high demand and numerous ongoing projects.

Hutch Hutchings

“Austin's retail market is extremely strong.

Our vacancy rate is hovering around 3% across the entire Austin MSA with no signs of an increase.”

“It's been very exciting to see these cities flourish with development and new anchors,” Hutchings added.

on open-air shopping centers and multi-tenant opportunities across the Austin MSA,” Hutchings said.

Among the standout projects are developments in Manor, where “Retail Connection has largely pre-leased Manor Crossing project with all of the pad sites spoken for and just a couple of multi-tenant opportunities remaining, and another phase of Manor Commons across the street set to deliver more retail and pads this year and next year,” according to Hutchings. Another key development is Shops at Flat Rock Crossing, a +/- 350,000-square-foot open-air center anchored by Academy, James Avery and Books-A-Million.

Despite this growth, challenges loom particularly in suburban areas.

“This project, along with others in the pipeline, reflects the strong focus

“There are starting to be issues with utilities, specifically water, which affects not only residential growth but also retail, industrial and other projects,” Hutchings explained. “If development timelines are pushed back, opportunities closer to core Austin will become even more competitive.”

Austin's ongoing population and job growth continue to drive demand.

“The entire Austin MSA shows extremely strong signs of growth,”

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“The entire Austin MSA shows extremely strong signs of growth. As more people and businesses move to the area, the demand for retail space continues to grow, making Austin one of the tightest real estate markets in the state.”

Hutchings said. “As more people and businesses move to the area, the demand for retail space continues to grow, making Austin one of the tightest real estate markets in the state.”

Hutchings also pointed to rising construction costs as a critical trend to watch.

“Construction pricing has been a burden on operators and developers alike over the past two and a half years,” he said. “If this stabilizes later this year or early next year, it will help deals pencil across the board for both tenants and landlords.”

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Landlord-friendly conditions in San Antonio San Antonio's retail sector is marked by robust demand and tight market fundamentals. The vacancy rate remains at a historic low of 4.0%, a trend that has persisted for eight consecutive quarters. Leasing activity, while healthy, is down 20% year-over-year due to limited availability of secondgeneration spaces.

Net absorption in Q3 reached 187,982 square feet, rebounding strongly from the previous quarter. Notable leases include Academy Sports’

63,315-square-foot space at Singing Hills Shopping Center and a 30,256-square-foot HomeSense opening at Northwoods Shopping Center.

Investment activity also remains strong, with properties selling at an average price of $248 per square foot.

Southeast Dallas offers more affordable options at around $16 per square foot. Investment activity also remains strong, with recent notable transactions including The Crossing at Pleasant Run, purchased by Corsair Property Company.

Rental rates in San Antonio have risen by 5% over the past year, hitting an all-time high of $19.90 per square foot. Coupled with limited new construction, these factors point to continued landlord-favorable conditions.

Balancing growth and demand in Houston

Sustained growth and high demand in Dallas The DFW retail market continues to thrive with 16 consecutive quarters of positive net absorption. Q3 2024 saw an 86% increase in net absorption, reaching 872,396 square feet. Leasing activity remains robust with more than 2 million square feet leased per quarter since 2020.

“New retail construction is concentrated in high-growth northern suburbs like Far North Dallas and North Central Dallas,” according to the Q3 2024 report by Partners Real Estate, which also noted that 4.2 million square feet of retail space is under construction with large-scale developments in residentially booming areas.

Record-high asking rents reflect the competitiveness of the market, averaging $20.65 per square foot – a year-over-year increase of 8.3%.

Central Dallas leads with rents exceeding $27 per square foot while

Houston's retail market is holding steady with vacancy and availability rates below its five-year historical averages despite more than 1 million square feet of new deliveries in Q3 2024. Net absorption for the quarter was 389,336 square feet, reflecting a slight slowdown in leasing activity compared to previous quarters.

Notable developments include The Manvel Town Center and new retail projects by Costco and H-E-B. The construction pipeline has decreased by 27% year-over-year with 3.3 million square feet underway, but demand remains strong. This supply-demand balance is driving record-high asking rents of $20.87 per square foot.

Investment sales totaled $574 million over the past 12 months with an average price of $246 per square foot. Recent transactions include the sale of First Colony Commons to Dhanani Equity Group and Spring Valley Mall to Atlas Operating.

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Retail & Restaurant summit

Houston Office Market Report | Q4 2024 Looking back at 2024, the flight-to-quality trend led the way with nearly 1 million square feet of positive absorption in buildings constructed since 2015, contrary to the overall 1.2 million square feet of negative absorption reported citywide.

Historic Comparison

The year will be remembered as a transition year, as employers prioritized enhancing the employee experience through upgraded office space, improved workplace culture, and greater employee satisfaction.

Danny Rice | President Key Takeaways • Flight to quality endures • Downsizing continues • Key submarkets gain, overall negative net absorption • Construction limited Key Stats

Market Fundamentals Houston Highlights Houston’s office market faced challenges in 2024, posting negative absorption each quarter for a year-end annual loss of 1.2 million square feet. Vacancy rates ticked up to 27.0% in the fourth quarter from 26.7% in the third quarter and 26.2% a year ago. Reflecting a broader trend of firms downsizing is the largest fourth-quarter office absorption: Technip Energies moved into 171,600 square feet in West Memorial Place II, reducing the firm’s footprint by 42.4%. Quarterly leasing activity rose slightly to 2.5 million square feet, but this marks a 16.8% year-over-year decline. Annual leasing totaled 11.9 million square feet, the lowest since 2009, with the Katy Freeway West/Energy Corridor leading all activity with 1.5 million square feet. Notable leases in 2024 included Plains All American Pipeline’s renewal of 259,774 square feet in Three Allen Center in the CBD and Subsea7’s 177,100-square-foot lease in Westgate I in the Katy Freeway West/Energy Corridor during the fourth quarter, and Ovintiv’s 168,805-square-foot renewal at 4 Waterway in The Woodlands in the second quarter. Vitol’s new 146,003-square-foot lease at 3120 Buffalo Speedway in Greenway Plaza will take up all space in the new building underway. The construction pipeline remains tight, with just three buildings totaling 597,413 square feet under construction at 80% preleased. No new projects were delivered or started in the fourth quarter, and only Norton Rose Fulbright’s CBD headquarters building at 1550 Lamar was completed earlier in the year. Class A rental rates fell to $35.25 per square foot from $36.24 year over year, while overall gross rents declined to $30.41 per square foot from $31.25 last year.

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Overall net absorption remained negative throughout the year as tenants continued to downsize. While the West Loop experienced the most significant negative absorption, by contrast more than half of the submarkets reported overall positive absorption for the year. Katy Freeway West/Energy Corridor led with 371,865 square feet of positive absorption.

Source: CoStar

Houston Office Leasing by Submarket / % Total Executive Summary

By Ray Lopez, CCIM | Vice President Houston 2024 Office Market Retrospective FIRST QUARTER The office market exhibited: • Declining fundamentals alongside a continued flight-toquality trend.

• Slight improvements in vacancy rates, driven by positive absorption in select Class A properties.

SECOND QUARTER The market highlighted: • A growing preference for quality office spaces with modern amenities, spurred by hybrid work trends.

• Intense competition for Class A properties, despite rising interest rates.

THIRD QUARTER Key challenges included: • Rising construction costs and tighter financial conditions, creating headwinds for landlords.

• Increased emphasis on tenant-landlord collaboration to address tenant improvement (TI) allowances and buildout expenses.

FOURTH QUARTER The year concluded with persistent challenges: • Negative absorption totaled 1.2 million square feet for the year, driving vacancy rates to 27.0%.

• Leasing volume, while slightly improved from the prior quarter, remained at its lowest year-to-date level since 2009.

• Prime submarkets - Katy Freeway West/Energy Corridor, West Loop, CBD and The Woodlands - each reported over 1.2 million square feet of leasing activity during the year, reflecting tenant interest in top locations.

• The flight-to-quality trend persisted, with buildings constructed since 2015 achieving an 11.2% vacancy rate and 957,240 square feet of annual positive absorption.

• Quoted rental rates continued to decline under market pressure.

• Operating expenses surged, led by increased insurance costs.

• New construction slowed significantly, with just three projects underway and 80% preleased.

INSIGHTS & OUTLOOK Certain industries saw growth during the fourth quarter, particularly among smaller companies that previously adopted a cautious approach to their space requirements. These businesses are now actively seeking expansion opportunities to accommodate their evolving needs. In contrast, larger companies continued the trend of shifting toward smaller, more efficient spaces, focusing on rightsizing to optimize costs and adapt to hybrid work models. The sustained demand for highquality office spaces underscores the market’s resilience, even amid economic uncertainties. To navigate these evolving dynamics, strategic collaboration between landlords and tenants, coupled with flexible leasing strategies, will be essential.

About Colliers Colliers is a leading global diversified professional services company, specializing in commercial real estate services, engineering consultancy and investment management. With operations in 70 countries, our 22,000 enterprising professionals provide exceptional service and expert advice to clients. For nearly 30 years, our experienced leadership – with substantial inside ownership – has consistently delivered approximately 20% compound annual investment returns for shareholders. With annual revenues exceeding $4.5 billion and $99 billion of assets under management, Colliers maximizes the potential of property, infrastructure and real assets to accelerate the success of our clients, investors and people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn. Copyright © 2025 Colliers The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.

FEBRUARY 2025

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MLSA Ventures Forms New Parent Company: Escalera Capital, Integrating Its Businesses in Unified Vision for Innovation and Impact “Our transformation into Escalera Capital represents the next chapter of growth .We know this integrated model is not just about efficiency—it’s about creating a seamless pipeline of opportunities that we can scale with each fund.”

Escalera Capital, the newly restructured evolution of MLSA Ventures, is an investment company with a unique, vertically integrated ecosystem from three operating subsidiaries: Presidian Hospitality, Source Strategies and Mulberry Realty Partners. With the successful raise and ongoing deployment of Fund 1 as a proof of concept and preparations underway for the launch of Fund 2, Escalera Capital is doubling down on its mission to deliver extraordinary outcomes to investors and communities.

“Our transformation into Escalera Capital represents the next chapter of growth,” said Bobby Magee, Managing Partner. “We know this integrated model is not just about efficiency—it’s about creating a seamless pipeline of opportunities that we can scale with each fund.”

Vertically Integrated to Maximize Value Creation Escalera Capital’s unique structure sets it apart in the private equity landscape. By uniting its operating companies under a shared vision, the firm benefits from synergy across capital formation, acquisition, development and management. The firm’s data-driven approach, coupled with its extensive acquisitions and operational, ensures that each fund builds on the success of the last, creating a cycle of growth that benefits investors, partners, and communities alike. This integrated approach positions Escalera Capital to adapt swiftly to market opportunities.

“The creation of Escalera Capital marks a significant milestone and a 14

FEBRUARY 2025

natural progression,” said Charles Leddy, Managing Partner. “Bobby and I were originally investment bankers, so we are naturally looking at the real estate industry with innovative investment and execution strategies in mind. With our experienced leadership team, dedicated associates, innovative investment approaches and purpose-driven mindset, the future is bright for Escalera Capital.”

With more than 800 employees and $400 million in assets under management, Escalera Capital’s organizational structure integrates four main subsidiaries: · Presidian Hospitality is known for its award-winning hotels across Texas and Colorado, as well as its unique hands-on, purpose-driven

“We are excited to move into this next horizon of growth as Escalera Capital. I am incredibly thankful for the hard work that our team has put in to reach this milestone. I am confident that we have many more impactful projects ahead of us that will benefit our San Antonio and Central Texas communities for generations to come” approach to develop, acquire and operate experiential hotel properties. · 50 years ago, Source Strategies began as a small pen-and-paper research provider. Today, it is a digital and dynamic powerhouse in Texas, holding roughly a 50% market share for hotel feasibility studies in the state. Recently, it launched its first digital product, offering valuable real-time data to hospitality industry stakeholders.

• Estancia del Norte at the San Antonio Airport was once a prominent San Antonio hotel, the La Mansion Del Norte, that lost much of its former charm through brand changes and a build-up of deferred maintenance.

Estancia del Norte is now celebrated as one of San Antonio's top hotels, serving as both a tourist destination and a beloved local event venue in the heart of the airport market.

· Mulberry Realty Partners is an asset class-agnostic commercial property management company that vertically integrates across industrial, retail, and other asset classes. Through Mulberry Realty Partners, Escalera Capital can maintain operational control, drive efficiencies and enhance value creation across a diverse portfolio of properties.

• The Springs Resort and Spa: is a geological marvel known for its hot springs on the San Juan River in Pagosa Springs, Colorado. The resort is now recognized annually as the top geothermal wellness resort in the United States.

· Formerly known as Presidian Cares, the Escalera Foundation is a nonprofit organization focused on serving both Escalera Capital associates and the broader San Antonio community through health equity and early adult education. Escalera Foundation is a driving force behind Hope Lodge San Antonio, which will provide housing and resources to cancer patients and their caregiver who come to San Antonio for treatment in the San Antonio Medical Center.

Escalera Capital has more than a 25% internal rate of return on its diverse investment strategies executed over the past several years. Examples of recent and ongoing projects with transformational outcomes include: • The Assembly Hall at La Villita: sits at the heart of San Antonio’s past, present and future. Designed by the legendary O’Neil Ford, La Villita Assembly Hall is renowned for its architectural ingenuity, featuring an inverted dome roof and “bicycle-wheel” design—Texas’s first of its kind. In mid-2025, Escalera Capital will begin thoughtful renovations on the 44,993-square-foot, bilevel venue to create a new experiential destination on the San Antonio River Walk that will also serve as a welcoming draw into La Villita Historic Village and Hemisfair Civic Park.

Salt Lick at The Sycamore: the first phase of a 121-acre project at Highway 290 and Luckenbach in the Texas Wine Country will break ground in early 2025. This experiential retail development will establish a new destination in the Texas Hill Country, where visitors experience Texas through great food, beverage, music and authentically Texas retailers.

“We are excited to move into this next horizon of growth as Escalera Capital,” said Leddy. “I am incredibly thankful for the hard work that our team has put in to reach this milestone. I am confident that we have many more impactful projects ahead of us that will benefit our San Antonio and Central Texas communities for generations to come.”

About Escalera Capital Escalera Capital is a Texas-based private equity firm dedicated to Innovation, Integration, and Impact. With over 800 employees and $400 million in assets under management, the firm operates as a vertically integrated investment platform, combining operational expertise with fund innovation to deliver exceptional value. Through its subsidiaries— Presidian Hospitality, Source Strategies, Mulberry Realty Partners, and the Escalera Foundation—Escalera Capital is setting a new standard in private equity.

FEBRUARY 2025

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Houston Retail and Restaurant Summit

Panel 1- Navigating the Dynamics of Today's Retail & Restaurant Market (L to R); Matthew Reed, SHOP Companies; Steven Stone, KM Realty; Jason Gaines, Sturbridge Commercial Real Estate; Anita Amin, The Blue Ox Group; Rip Reynolds, Regency Centers; Thomas Nguyen, CBRE.

Panel 3 - Capital Markets & Investment Market Opportunities for the Retail and Restaurant Market (L to R); Itziar Aguirre, CoStar; Cody Persyn, Colliers; Tenel Tayar, Fifth Corner; Joshua Longoria, Matthews REIS.

(L to R): Kat Diaz, KT Ventures; Dawn Persia, Estes + Sinacori Builders; Deborah Gross, Prism Renderings.

Panel 2 – Building Houston's Future: Unveiling Retail and Restaurant Development Trends (L to R); David Littwitz, Littwitz Investments, Inc.; Jerry Tipps, Heights Venture Architecture + Design; Jerry Alexander, Gensler; Nikhil Dhanani, Dhanani Private Equity Group.

Jennifer Sebasigari of J&H Energy Consultants LLc asks the Panelists a Question as REDnews Reporter Ray Hankamer takes notes.

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FEBRUARY 2025

Networking & Making Connections

events

San Antonio Commercial Real Estate Summit

Panel 1 – Banking & Lending Forecast (L to R): Bobby Magee, Escalera Capital; Kirk Oden, Trinity Real Estate; Shahid Abdulla, Jefferson Bank; Matt Jackson, Security Service Federal Credit Union; Matt Proffitt, Security Service Title Company.

REDnews Texas Managing Director, April Daniel poses with Amy Madison – the Deputy Director of Schertz Economic Development Corporation

Panel 2 - Industrial Market Update (L to R): Ernest Brown, NAI Excel; Josh Villarreal, Newmark; John Colglazier, Partners; Amy Madison, Schertz EDC; Jeff Miller, Matthews REIS; Levi Benkert, Harbor Capital.

Panel 3 - Office Market Update (L to R): Adam Lippstone, Caisson Real Estate; Larry Mendez, CBRE; Amber Austin, CBRE; Danny Khalil, CoStar.

Thank You Bobby Magee – Escalera Capital for Speaking and Sponsoring!

FEBRUARY 2025

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event profile

Houston Retail and Restaurant Summit

BY RAY HANKAMER Panel 1-Office Market Update Moderator: Brandi Sikes, SVN/J. Beard Panelists: Anya Marmuscak, JLL; Danielle Rothschild, Stream Realty; Deandre Prescott-Savills; Louann Pereira, Transwestern; Ray Lopez, Colliers

Ray Hankamer

Takeaway: Office buildings and lease space buildouts are going through a major period of evolution, with employees returning from home and demanding new amenities at the office. Landlords are experimenting with new strategies to snag tenants and hold on to them. There is a burst of creativity underway.

Bullets: • Office vacancies in Houston on average since 2015 have been in the 70% range, although the market is bifurcated between buildings built since 1985, with the more modern Class A product with state of the art amenities sporting occupancies in the 90s • Amenities in and around the building are key to attracting tenants’ workers back in from home • Some building owners are ‘over the barrel’ with their lenders with older buildings and their older buildings are less attractive and the owners find it too costly to add today’s amenities, creating a downward economic spiral • There are ‘buyers out there’ acquiring distressed assets, buyers who have the funds to bring the buildings up to current standards • Amenities today include things such as gyms, ample tricked-out conference rooms, large break areas with comfortable furniture (with arms on the chairs for older employees), good security, golf simulators, covered parking, and most recently AI supported electronics in the building • In buildings there is a flight to quality: C to B, B to A • Location in an amenity-filled neighborhood is very important, in areas such as City Centre and Memorial City • More and more landlords are building out spec suites, ready for occupancy, as opposed to leaving full floors unbuilt out, waiting for ‘that big tenant’… spec suites may start as low as 1,500 ft and go up from there…some tenants can’t wait for today’s long buildout time for a custom suite; some full floors stayed vacant for three years but leased up quickly once they were built out with spec suites

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• For suburban tenants, West Houston and The Woodlands are in demand… there is migration to the Energy Corridor and the ‘Greater Memorial’ area; Galleria leasing is going fairly well; the CBD is doing fairly well but still has a substantial vacancy rate…Greenspoint and pockets in the SW sector are showing some leasing weakness • Many office workers live in West Houston, which influences their preferences • Owners should evaluate what adds and what takes away ‘energy’ from their building; owners and property managers must keep their ears carefully tuned to the evolving desires of tenants, and not abandon the personal touch to tenants large and small • Our city is well-positioned for population growth, which has been about two per cent this past year alone…there are tons of new jobs but an ever-widening variety of space layouts and amenities are wanted • Different sub-markets have tenants with different needs for suite size and suite configuration; 10-15,000 SF is the average suite size, and the trend is going away from co-working space back to private and quiet individual offices • Houston leads the nation in ‘back to work at the office’, and employees are now averaging 4 days a week there • Lease rates rise in step with increases in construction costs, and other operating costs, such as insurance…so, rental rates are steadily trending up

• Tenant categories poised to expand include life sciences, healthcare, clean energy, and financial services Panel 2-Management Strategies to Operate Your Building Effectively & Efficiently Moderator: April Daniel, REDNews Panelists: Kelly Wheeler, Transwestern; Kim Hannigan, MetroNational; Lillie Norton, Lee & Associates Takeaway: There is no longer a one type fits all lease space build out template, and different companies with different cultures demand space that fits them. Tenants know all about the latest technology and want it delivered to them in their building, and new technology abounds. But with all the drift to technology, building managers need to remember the ‘personal touch’ is expected from tenants, and it must not be forgotten.

Bullets: • Permitting is still a lengthy and frustrating process, especially in Houston; price escalation during planning and permitting is particularly hard to deal with • There are still some long delays in getting some mechanical and electrical equipment for buildouts • Projects which were put on hold during Covid are now coming back to architects • Insurance rates are causing havoc in many cost proformas, since they are so unpredictable • Question: how can tenants and landlords alike make retail more experiential?

• Lots of calculations are going into cost/return of investing in highefficiency systems and controls, including rooftop solar • Tight occupancy keeps pushing rents higher • Houston's population growth underlies a strong, long future for retail, but how long can the consumer continue to pay higher and higher prices for retail goods and restaurant experiences?

Panel 3 -Capital Markets & Investment Market Opportunities for the Retail & Restaurant Market Moderator: ltziar Aguirre, Costar Pa ne l i s t s: Cody Persyn-Colliers; Joshua Longoria-Matthews Real Estate Investment Services; Tenel Tayor-Fifth Corner Takeaway: Lots of buyers for stabilized top notch properties, and financing is coming primarily from private equity. Six to nine percent interest rates are the new norm.

Bullets: • Cap rates are holding steady through period of uncertainty in the future of interest rates

• 2024 investment sales very low, excepting that of River Oaks District; many transactions are so private, however, they cannot always be tracked in real time • There is institutional interest in larger retail center transactions • SBA is doing deals but they take longer, up to 6 months • Multi-family and industrial have dominated investment transactions in recent years but retail developments are beginning to come into the spotlight • Gen Z are beginning to hang out in malls, and retail is now 'cool' • Life companies are requiring 40% equity, and developers don't mind if it relieves them from personal guaranties; private equity has provided acquisition capital for 85% of recent deals • There is heavy buyer competition for top quality stabilized centers • The smart landlord knows that what helps the tenant helps himself, and he should think of the tenant as his partner and do what he can to help his tenants prosper • Keeping existing tenants is the smart way to go

advertiser index CMI Real Estate ................................................................................................. 49 DC Partners..........................................................................................................25 Junction USA ...................................................................................................... 51 Lane Property Tax Advisors...............................................................................2 Lee & Associates ................................................................................................47 McGrath Real Estate Partners.........................................................................35 National Environmental Services, LLC.......................................................... 56 Porter Law Firm ................................................................................................. 41 Rex Real Estate.................................................................................................. 29 Scott + Reid General Contractors, Inc. ..........................................................45 TexAmericas Center ..........................................................................................53 Texas for Creation .............................................................................................37 Wildcat Management ......................................................................................43 FEBRUARY 2025

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SCOOP/PEOPLE ON THE MOVE Julie Ferguson promoted to President, Southern Division at Ryan Companies Julie Ferguson has been promoted to Southern Division President at Ryan Companies US, Inc. Since joining in 2019 as SVP of Senior Living, Ferguson has driven remarkable growth by doubling the number of senior living units in the company’s portfolio and overseeing assets valued at $2 billion.

Now in her new role, Ferguson will lead strategic initiatives and operational excellence in Ryan’s Texas, Georgia and Florida offices.

She will continue overseeing the senior living portfolio.

Michael McLaren, SE, PE, FASCE, Env SP promoted to CEO and President at RLG Consulting Engineers RLG Consulting Engineers proudly announces Michael McLaren as its new CEO and President, succeeding Stuart Markussen in the CEO role. Markussen, who currently serves as Board Chairman, previously held the position of CEO. McLaren, SE, PE, FASCE, Env SP, became a principal in 2017, advanced to Chief Operating Officer in 2019, and was appointed President in January 2023. His promotion reflects RLG’s dedication to leadership development and strategic succession planning.

Michael Rollock hired at Gate Precast With over 30 years of experience in the glazing industry, Michael Rollock has joined GATE Precast, a leading U.S. prefabrication building solutions provider, as Director of Glazing Systems. Michael will oversee all glazing system projects, maintaining budgets, timelines, and quality. He will also develop and foster stakeholder relationships, manage and mentor design teams, and research and implement new innovations 20

FEBRUARY 2025

and sustainability practices for the company’s glazing systems and projects.

JLL forms Energy Advisory and Sustainability practice JLL is boosting its existing sustainability services by forming the Energy Advisory and Sustainability practice.

Led by clean energy expert Josephine Tucker, the team works across JLL’s business lines and industries to serve real estate investors and commercial and public sector clients.

With core competencies across engineering; finance and procurement; energy modelling; and project and program management, the new practice helps clients meet ambitious sustainability goals while navigating uncertain energy markets, evolving regulation and increasing consumer expectations. A comprehensive team of Energy Advisory and Sustainability’s technical specialists provide expertise on energy sourcing; efficiency; and end-use optimization, including technology integration such as EV-charging, on-site/offsite renewables, battery storage and microgrid solutions.

As Americas Head of Energy Advisory and Sustainability, Tucker reports to Rishi. She joined JLL in 2022 to lead JLL’s Clean Energy and Infrastructure Advisory services to address aging infrastructure and provide renewable transaction services to clients. Prior to joining JLL, she amassed more than 15 years of experience in energy, real estate and transportation, with a focus on strategy, finance and economic analyses.

Newmark expands Ran Holman’s strategic oversight with appointment to Southeast Market Leader Newmark announces the expansion of Ran Holman’s role to Southeast Market Leader. Holman’s strategic oversight now broadens to include business management and performance across Florida, Georgia, North Carolina, Oklahoma, South Carolina and Tennessee, in addition to Texas.

“Our growth in Texas under Ran has been significant,” said Kevin McCabe, President Western Region. “Ran’s

leadership and vision will further fortify our market position and enhance our strategic objectives in the Southeast.”

Holman, based in Dallas, has served as Newmark’s Texas Market Leader since 2020. His leadership and expertise have fueled substantial growth across Dallas, Houston and Austin, leading to top-tier talent acquisition, expanded market share and enhanced client relationships, strengthening the firm’s brand, business lines and foothold throughout the state.

Alan Codina promoted to Senior Vice President of Austin/San Antonio at Rogers-O’Brien Construction Rogers-O’Brien Construction (RO) is proud to announce the promotion of Alan Codina to Senior Vice President of Austin/San Antonio. With 31 years of experience, all at RO, Alan has played a pivotal role in driving key projects and demonstrating exceptional leadership. In his new role, he will work closely with the regional president to oversee operations, cultivate partnerships, and guide project teams to maintain the highest standards of quality and service. Congratulations, Alan!

McCownGordon adds construction veteran as vice president to Dallas-Fort Worth team McCownGordon added construction professional Brian Rose to its DallasFort Worth leadership team as vice president, business unit for K-12 and civic endeavors.

Rose has more than 25 years of experience serving some of the largest school districts and fastest-growing municipalities across northern Texas.

Rose was the director of construction for the Texas division at Crossland Construction, Inc. and vice president of construction for Lee Lewis Construction.

During his career, Rose has served more than 30 school districts across Texas. In his civic portfolio, Rose has served 15 municipalities across the state.

TEXAS ICONS

REDnews would like to congratulate the latest inductees into our Texas Commercial Real Estate ICONS Jorge Abreu, Elevate Commercial Investment Group

Michael McGrath, McGrath Real Estate Partners

Gary Carr, Newmark

Taylor Mitcham, Texas for Creation

Roberto Contreras , DC Partners

Feras Moussa, Disrupt Equity

Paul Coonrod, Pagewood

Brad Porter, Porter Law Firm

Hachem Domloj, CIVE

Tanya Ragan, Wildcat Management

Rex Glendenning, REX Real Estate

Chris Scott, Scott + Reid General Contractors

Michael Jones, Franchise Real Estate Group

Justin Tunnell, Lee & Associates

Philip Levy, Marcus & Millichap

Victor Vacek, Central Management, Inc.

Bobby Magee, Escalera Capital

Reed Vestal, Junction Commercial Real Estate

Mark Masinter, Newmark Retail Services

Eric Voyles, TexAmericas Center

2024

JORGE ABREU

Jorge Abreu: Transforming communities through high-quality housing Jorge Abreu, CEO of Elevate Commercial Investment Group and JNT Construction, has spent nearly two decades redefining what it means to create value in real estate. His career is built on a commitment to providing housing while creating vibrant, thriving neighborhoods. For Abreu, the work is more than just a business; it’s a way to make a lasting impact.

“Being able to transform communities and offer safe, high-quality living for others is what I find most enjoyable about this business,” Abreu said.

CEO

Elevate Commercial Investment Group Dallas, Texas

Abreu began his real estate career more than 18 years ago working with single-family properties before transitioning to multifamily investments. Since then, he has overseen the acquisition of more than 7,000 multifamily units across Texas, Oklahoma, Florida, South Carolina, Arkansas and South Dakota with $650 million in assets under management. His vertically integrated approach ensures that every aspect of a project from due diligence to property management is executed with precision and care.

At the core of his success is Elevate Commercial Investment Group, a company dedicated to providing investors with opportunities to generate long-term wealth while creating better housing for residents. Through its sister company JNT Construction, Abreu also spearheads large-scale capital expenditure projects, ensuring properties are not only functional but also aesthetically and structurally superior.

Navigating the challenges of today’s market has been a defining aspect of Abreu’s leadership. Rising property taxes, insurance premiums and interest rates have placed significant pressure on the industry, but Abreu has remained steadfast in finding solutions.

“We stayed the course and found ways to increase NOI and manage properties at the highest efficiency,” he explained.

One of his key strategies has been securing tax abatements on several properties, reducing financial risk while enhancing property values. These efforts have allowed him to continue delivering returns for investors even amid economic uncertainty.

“Being flexible and knowing when to adjust with real estate cycles, while heading straight towards obstacles when they arise, has been key,” he said.

This adaptability has not only fueled Elevate’s success but also inspired a culture of innovation within the company. By integrating new systems, streamlining operations and fostering strong relationships with investors, Abreu has created a model that balances profitability with purpose.

Beyond his work with Elevate, Abreu is passionate about educating others. His multifamily coaching program provides aspiring investors with the tools and knowledge needed to succeed in the competitive real estate market. Through mentorship, speaking engagements and networking events, he has helped countless individuals grow their portfolios and achieve financial independence.

“Education is a powerful tool, and I’m passionate about sharing what I’ve learned with others,” he said.

Abreu’s vision for the future is ambitious: to grow Elevate’s portfolio to 10,000 doors by the end of 2026. With his unwavering dedication to quality, innovation, and community transformation, he is well on his way to achieving that goal.

When he’s not leading his companies or mentoring the next generation of investors, Abreu enjoys spending quality time with his family, playing basketball, working out and visiting the beach. These activities allow him to recharge and reflect on the impact of his work.

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GARY CARR Gary Carr: Inspired by integrity, fueled by excellence For Gary Carr, Vice Chairman at Newmark, a successful career in commercial real estate has been about much more than transactions. It has been about relationships, integrity and a commitment to excellence inspired by the entrepreneurial spirit of those he worked alongside in the early days of his career. With 44 years of experience, Carr has become one of the most respected figures in the industry, known not only for his exceptional deal-making abilities but also for the values he brings to every client relationship.

Vice Chairman

Newmark Dallas, Texas

“When I entered the business, I was so highly impressed with the entrepreneurial spirit and integrity of the people that I worked alongside that it inspired me to always strive to improve, work hard and put your client’s interest first,” Carr said.

Carr’s career began shortly after he graduated from the University of Iowa with a degree in Business and Real Estate Finance. Early on, he was drawn to the dynamic and collaborative nature of the industry, finding inspiration in the drive and professionalism of his colleagues.

That foundation of respect and integrity has carried him through decades of market cycles and shaped his approach to client service.

Over the years, Carr has navigated some of the most challenging market downturns, including those caused by oversupply, rising interest rates and economic instability. The savings and loan crisis of the late 1980s and early 1990s as well as the Great Recession tested his resilience and adaptability.

“Our industry always requires patience and creativity, but that becomes even more crucial during the down times,” Carr explained. “When working with ownerships who have lost a significant amount of their investment, you need to show empathy while finding creative solutions to maximize value.”

Carr joined Newmark in 2020 after an illustrious tenure as Vice Chairman at CBRE’s Dallas office. At Newmark, he specializes in office investment sales for single assets, portfolios and sale-leaseback transactions. His team has quickly become a cornerstone of Newmark’s U.S. Capital Markets platform, bolstering its presence in Texas and the central region.

Carr’s portfolio of landmark transactions is as impressive as it is diverse. He has represented some of the country’s largest equity funds, REITs and life insurance companies, overseeing billions of dollars in deals. His significant transactions include the 2.2-million-square-foot CityLine project in Richardson, the 1.6-million-square-foot EDS Legacy Campus and the 1.2-million-square-foot Plaza of the Americas. These deals not only highlight his expertise but also reflect his ability to manage complex negotiations and seize opportunities in an ever-changing market.

Beyond his transactional success, Carr is deeply committed to mentorship and collaboration. He views commercial real estate as a people-driven business, finding fulfillment in the relationships he has built over the years.

“I enjoy working with a diverse group of talented individuals, from industry newcomers to seasoned veterans,” Carr said.

“To see clients do well and achieve financial success and goals is very gratifying.”

Carr’s contributions to the industry have been widely recognized. He is a multi-time recipient of the Dallas Business Journal’s “Heavy Hitter” designation and a member of the prestigious Urban Land Institute (ULI) and Colbert Coldwell Circle. These accolades underscore his impact on the field and the respect he has earned from peers and clients alike.

When not immersed in the world of real estate, Carr enjoys spending time with family and friends, traveling and volunteering. He finds balance in these activities, ensuring his personal life is as fulfilling as his professional endeavors.

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23

ROBERTO CONTRERAS Roberto Contreras: Building success through a strong team

CEO

DC Partners Houston, Texas

For Roberto Contreras, CEO of DC Partners and St. Christopher Holdings, LLC, real estate development is about more than creating luxury properties; it’s about building a team capable of bringing ambitious visions to life. With more than 25 years of experience in business and real estate, Contreras knows that assembling the right group of professionals is the cornerstone of any successful project.

“In real estate development, a project’s success relies on a diverse range of expertise, from finance to design to construction and management,” Contreras said. “Having a team whose skills complement each other has been critical.”

That philosophy has guided Contreras throughout his career, from his early days as an entrepreneur to his current role as a leader in luxury real estate development. DC Partners has become synonymous with high-profile, award-winning developments like The Allen in Houston, featuring the Residences at The Allen, Thompson Houston hotel and The Pavilion. These landmark projects have not only set a new standard for luxury, but have also served as catalysts for growth in their respective areas.

Contreras’ path to real estate development was shaped by a deep entrepreneurial drive. At just 23 years old, he founded Super Marble, a custom marble fabrication shop in Houston, before co-founding Cosentino USA, the sole U.S. distributor of Spain-based Cosentino products. Under his leadership, the company grew into an industry leader with more than $350 million in sales. After selling Cosentino USA in 2009, Contreras turned his focus to real estate, forming DC Partners in 2010.

Despite his business experience, Contreras faced challenges in his transition to real estate development.

“Securing financing for my first project was the most significant challenge,” Contreras explained.

“Even with decades of experience in business, I lacked a track record in real estate development, which made it difficult to gain lenders’ confidence initially.”

However, the challenge of building a team proved even more pivotal. Assembling the right mix of talent was essential to overcoming hurdles and driving the company’s growth.

“Once I built a strong, capable team, we were able to overcome hurdles and grow from the lessons learned,” he said. “I’m proud of the team we have in place today. It’s been a key factor in our success.”

Under Contreras’ leadership, DC Partners has developed more than $1 billion in assets, with more

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than 4 million square feet completed, under construction or acquired. Projects like The Allen in Houston and The Arts Residences at Thompson San Antonio hotel have redefined luxury living, earning numerous accolades, including the Houston Business Journal Landmark Awards and recognition from ULI and REDNews.

Contreras credits his success to his ability to empower his team and the next generation of leaders.

“Now, I’m taking on more of a chairman’s role, allowing my son, Roberto Contreras IV, and our executive team to take the reins,” Contreras said. “Empowering the next generation is key to continuing and expanding our success.”

Outside of his professional life, Contreras enjoys mountain biking, skiing, and traveling. He also serves on several boards, including the Buffalo Bayou Partnership and the Houston Zoo Board, where he contributes to initiatives that strengthen the community.

“Giving back has always been important to me,” Contreras said.

Most of all, he values time with his family, including his seven grandchildren.

“For me, family is the most important part of my life,” Contreras said.

CONGRATULATIONS

ROBERTO CONTRERAS REDNews Texas Icon 2024

FEBRUARY 2025

25

PAUL COONROD

Paul Coonrod: From ‘student of the market’ to industry leader From the start of his 19-year career in commercial real estate, Paul Coonrod’s path has been defined by curiosity, adaptability and a relentless pursuit of knowledge. As the founder and managing principal of Pagewood, Coonrod has built a company rooted in a commitment to learning and evolving with an ever-changing industry. His philosophy has been instrumental in his ability to navigate challenges, identify opportunities and lead his team to success.

“We like to say we are students of the market, but in today’s world, that also means being students of technology,” Coonrod said. “Real estate isn’t static, and neither is innovation. To succeed at the highest level, you have to embrace AI, automation, and data science as competitive advantages.”

Founder & Managing Principal

Pagewood Houston, Texas

The launch of Pagewood in 2021 marked a significant milestone for Coonrod, giving him the rare opportunity to create something distinct.

“When office investments became less viable in Houston in 2021, I had to rapidly expand my knowledge in other sectors of commercial real estate while simultaneously exploring how geospatial analytics, machine learning processes, AI and predictive analytics could enhance decision-making if we have the right internal structures,” Coonrod said.

Initially operating as a one-man show, he shouldered everything from project work to client calls. While those early days were grueling, they also proved to be invaluable learning experiences.

“The first three years at Pagewood were both challenging and transformative,” Coonrod said. “But when Mat Volz and Debrah Martin joined the team, we accelerated our vision—integrating smart technology into our investment thesis and execution model.”

This willingness to adapt has been a hallmark of Coonrod’s career. Shifting focus from office developments to industrial and multifamily properties required not only market analysis but also the ability to embrace change. This mindset aligns with the core values he’s instilled at Pagewood: humility, curiosity and creativity.

“At Pagewood, we are constantly engineering better ways to analyze, develop, and execute,” Coonrod said. “We’re leveraging machine learning for predictive analytics, geospatial data science for site selection, and automation to streamline complex development workflows. The goal isn’t just to keep up—it’s to redefine how competitive a real estate platform can be on a national scale.”

Coonrod’s leadership style extends beyond market expertise. He places a strong emphasis on cultivating a company attitude that is both productive and enjoyable. This balance fosters collaboration, motivation and a sense of shared purpose among his team members.

“Building a company where every team member is genuinely passionate about innovation and execution is one of the most fulfilling aspects of this journey,” he said. “We’re not just growing a business—we’re designing a platform that will shape the future of development.”

Before founding Pagewood, Coonrod honed his skills at Stream Realty Partners, where he played a key role in growing the Houston office from a small team of five to a powerhouse of 185 professionals managing a portfolio of more than 45 million square feet. During his tenure, he led the office division’s operations, completed $600 million in acquisitions and developments and executed lease transactions totaling 7.5 million square feet valued at $2.6 billion. Prior to joining Stream, Paul worked at Cantor Fitzgerald in Hong Kong as a broker on its high-yield bond desk for three years.

“Those experiences shaped my approach to real estate,” Coonrod said. “I learned to balance strategic direction with hands-on involvement, whether it’s structuring deals, analyzing markets or leading a team.”

Outside of work, Coonrod’s priorities revolve around his family and active lifestyle.

“Family is a huge priority for me,” he said. “My wife, Grace, and our three kids keep life full and exciting.”

Coonrod also stays active by playing on a men’s baseball sandlot team, wakeboarding, snowboarding and exploring his neighborhood on a OneWheel.

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HACHEM DOMLOJ

Hachem Domloj: Pioneering innovation in design and construction For Hachem Domloj, founder of CIVE, innovation isn’t just a goal; it’s a driving force behind every project. Over his 25 years in the commercial real estate industry, Domloj has built a reputation for pushing boundaries in design, material choices and construction processes, transforming challenges into opportunities for growth and reinvention.

“Our company has always taken pride in approaching each project with the mindset of delivering high-quality designs and structures while optimizing costs to help owners generate maximum ROI,” Domloj said.

Founder

CIVE Houston, Texas

That philosophy has fueled CIVE’s rise as a leader in the commercial real estate sector, serving industries ranging from multifamily and hospitality to marine industrial projects. Under Domloj’s leadership, the firm achieved a groundbreaking milestone in 2021: completing construction on the world’s largest privately-owned cement distribution terminal at the Port of Houston.

“We never stopped innovating,” Domloj explained. “During times of high material costs and unpredictable trends, we pivoted to using metal and light gauge steel as alternatives to lumber, which was scarce. We even established our own building materials company to control the supply chain and ease pressures.”

Domloj’s commitment to innovation extends beyond materials. CIVE also became the first firm in the United States to break ground on a 3D-printed multi-story structure, reflecting his vision for blending technology with traditional construction methods.

He didn’t stop there. Under his leadership, CIVE also reached the 5D level of BIM, making CIVE among the very few in the world to successfully integrate building costs with the design phase in real time!

“I enjoy trying new things, whether it’s introducing a new design and construction technology or innovating our processes,” Domloj said.

Domloj’s success stems from his ability to treat each project differently, focusing on delivering exceptional results without compromising structural or architectural integrity. His ability to adapt and find optimized solutions has been key to thriving in a competitive industry.

“Every project we approach is unique, and that has been our secret,” he said.

Beyond his professional achievements, Domloj’s influence extends internationally. With offices in Doha, Qatar, and Dubai, UAE, CIVE has expanded its reach, bringing in net property income from abroad and contributing to national and global economies. His entrepreneurial spirit also led him to introduce Ornare, a premier designer furniture brand, to the Houston market.

Domloj’s passion for building extends to his personal life, where he enjoys cooking and experimenting with his brick oven, often baking pizzas from scratch.

“There’s something satisfying about creating something from the ground up, whether it’s a structure or a meal,” Domloj said.

Recognized as a finalist for the EY Entrepreneur Of The Year® Gulf Coast Area Award in 2019, Domloj’s career is defined by his grit, creativity, and care for his employees and clients. He continues to lead CIVE with a vision for blending artistry and innovation, ensuring the company remains at the forefront of the commercial real estate space.

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REX GLENDENNING Rex Glendenning: Weathering storms with unwavering work ethic

Founder and CEO

REX Real Estate Frisco, Texas

For Rex Glendenning, founder and CEO of REX Real Estate, the savings and loan crisis of the late 1980s and early 1990s was more than a financial downturn; it was a defining moment in his career. While many brokers were forced to leave the industry as property values plummeted by as much as 90%, Glendenning relied on his work ethic, resilience and the unwavering support of his wife Sherese to navigate one of the most challenging periods in commercial real estate history.

“By the grace of God, along with a very supportive wife and partner, I was able to make it through a very dark period,” Glendenning said.

His perseverance paid off. Today, REX Real Estate stands as a nationally recognized leader in investment real estate services, with a particular focus on North Texas, including the highly coveted “Golden Corridor” that stretches along Preston Road and the Dallas North Tollway.

Since founding the company in 1987, Glendenning has built a reputation as the “King” of Texas land brokerage, with billions of dollars in development land transactions under his belt.

Glendenning’s success is rooted in a work ethic cultivated during his early years in Celina, where he was born and raised. After earning a Bachelor of Business Administration in Real Estate from the University of North Texas in 1979 while playing football for Hall of Fame Coach Hayden Fry, he returned to his hometown to launch his career. In the decades that followed, his deep knowledge of the Texas real estate market and his ability to recognize and seize unique opportunities helped him rise to the top of the industry.

“I would have to say work ethic along with people skills have been some of my best attributes,” Glendenning said. “That, along with problem solving and being a market maker, have also been quite helpful and impactful.”

The S&L crisis tested those skills like never before. As financial institutions collapsed and liquidity dried up, Glendenning had to find creative ways to stay in business. His ability to adapt, combined with a strong network of relationships and a deep understanding of the market, allowed him to keep moving forward.

“I enjoy the personal relationships I have developed with my clients over the past four decades,” he said. “To see clients do well and achieve financial success and goals is very gratifying.”

Those relationships, built on trust and a shared commitment to success, have been a cornerstone of REX Real Estate’s longevity. Glendenning and his team have become known for their ability to

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uncover unique opportunities, whether it’s a hidden gem of a property or a creative deal structure that benefits all parties involved.

His contributions to the industry have not gone unnoticed. In 2023, Glendenning was inducted into the North Texas Commercial Association of Realtors Commercial Real Estate Hall of Fame and received D Magazine’s Power Brokers Legacy Award. The following year, he was honored with the University of North Texas Distinguished Alumni Award, cementing his legacy as one of Texas’ most accomplished real estate professionals.

Outside of real estate, Glendenning finds joy in ranching, a passion he shares with Sherese. Together, they have raised Texas Longhorns for more than 40 years and enjoy improving their ranch with projects like building lakes, installing new fencing and sculpting the terrain.

“Ranching and riding in my truck with my Golden Retrievers looking at dirt are high on my list of enjoyment,” Glendenning said.

CONGRATULATIONS

REX GLENDENNING

2024 Texas Commercial Real Estate ICON FEBRUARY 2025

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MICHAEL JONES Michael Jones: Bridging understanding and opportunity in commercial real estate Michael Jones, CCIM, MPA, has spent the past 25 years shaping the Dallas-Fort Worth commercial real estate landscape. As President and Broker for Franchise Real Estate Group, Jones specializes in medical office, industrial assets and site selection for land development.

His career has been defined by a commitment to understanding the nuanced needs of business owners and landlords, enabling him to connect clients with the right opportunities.

President and Broker

Franchise Real Estate Group Cedar Hill, Texas

Jones’ journey in commercial real estate began with a fundamental challenge: learning how decision-makers think.

“The biggest challenges I had to overcome were understanding the nature of the business and how business owners and landlords typically think,” Jones explained.

With the guidance of his mentor, Cliff Bogart, CCIM, Jones immersed himself in the industry, absorbing insights into the logic behind decision-making in commercial real estate.

“Cliff took me under his wing, and I was a sponge soaking up all the information he provided while I was under his leadership,” he shared.

This mentorship, combined with years of experience, gave Jones the tools to articulate the needs of decision-makers and bridge the gap between clients and opportunities.

Now Jones takes pride in tackling complex and challenging deals.

“I enjoy handling difficult and complicated deals that other professionals may choose not to partake in,” he said.

His deep understanding of the market, honed through research and study, and his ability to build relationships with decision-makers across the globe have been instrumental in his success.

“This business is more relationship-based,” Jones noted. “It’s fascinating to meet decision-makers and business leaders from different parts of the country and world.”

His emphasis on networking and adding value to those relationships has allowed him to expand his influence and establish trust within the industry.

In addition to his professional achievements, Jones’ career has included a dual role as the presiding Judge for the Justice of the Peace court in Dallas County. Elected in 2018, he has earned recognition for managing one of the county’s most efficient and innovative courts, overseeing civil, criminal and juvenile cases.

Jones also serves as a Senior Instructor for the MetroTex Association of Realtors, where he is known for his approachable teaching style and dedication to mentoring new agents. His leadership extends to his role as Board President for MetroTex's MCDX Board, where he has been instrumental in driving initiatives like the partnership with Crexi, a national commercial database.

For Jones, success is rooted in continuous learning, mentoring and community service.

“The significant factor for my success is having a mentor to really understand the ‘why’ and ‘how’ of the industry,” he explained.

When he’s not working, Jones prioritizes time with his wife and four children.

“We believe in family,” he said. “When we are not with family, we love traveling and seeing the world.”

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PHILIP LEVY Philip Levy: Navigating and thriving through financial crises In a 20-year career defined by resilience, adaptability and a relentless focus on relationships, Philip Levy has weathered some of the most challenging periods in commercial real estate.

As Executive Managing Director at Marcus & Millichap, specializing in the sale of multi-tenant retail properties, Levy’s success is a testament to his ability to emerge stronger from economic turbulence.

Executive Managing Director

Marcus & Millichap Dallas, Texas

Levy’s journey in commercial real estate began in 2004 and in the years since, he has closed more than 1,000 transactions totaling more than $4 billion in sales volume. His remarkable career is marked by his dedication to understanding market trends and his commitment to building lasting relationships with clients.

“What I value most in my career and life are the people in it,” Levy shared. “Building and maintaining strong relationships with clients is incredibly fulfilling for me.”

However, the road to becoming one of Texas’ most successful retail brokers has not been without its challenges. Levy’s journey has been marked by perseverance, particularly during two of the most challenging periods in recent history: the Great Recession and the COVID-19 pandemic.

The economic downturn of 2008 was especially brutal for the multi-tenant retail sector.

“During the Great Recession, liquidity in multi-tenant retail basically evaporated to the point where there was no transaction velocity,” Levy explained. “It forced me to ask myself some very specific questions about my evolution in commercial real estate. I had to think long and hard about my answers because I knew it would help shape who I am, both in business and personally, and it has to this day.”

The COVID-19 pandemic presented an entirely different set of obstacles.

“The lockdowns had a substantial impact on retail,” Levy said. “From March to June of 2020, transaction velocity evaporated.

However, it forced everyone to get creative, and opportunity followed, ultimately resulting in our team’s best production year ever, up to that date.”

Levy credits much of his success to the strong support provided by Marcus & Millichap.

“The company has provided me with the best foundation to shape my professional growth and continues to provide an abundance of unparalleled resources,” he said.

Levy also attributes his work ethic and values to his upbringing.

“My parents have been instrumental in my success, instilling in me to always seek the truth and to never quit,” he said.

Throughout his career, Levy has leveraged the resources and platform of Marcus & Millichap to help his clients capitalize on opportunities in the ever-changing retail market. His ability to guide clients through complex transactions, combined with his extensive market knowledge, has earned him national recognition. He has been named the No. 1 multi-tenant retail agent in the U.S. multiple times and consistently ranks among the top producers at Marcus & Millichap.

“There has never been a day that I’ve felt like I was just ‘at my job,’” Levy said. “I’m passionate about what I do and the people I work with. That passion drives me every day.”

Outside of work, Levy prioritizes quality time with his loved ones.

“I enjoy traveling and wake surfing with my daughter, Lilah, and fiancé, Hillary,” he said.

Levy’s commitment to excellence extends beyond his career. He is actively involved in supporting nonprofit organizations, including the Mayo Clinic, American Diabetes Association, and Thurgood Marshall College Fund, among others. His dedication to giving back reflects his belief in the importance of community and making a positive impact.

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BOBBY MAGEE Bobby Magee: Transforming transactions into lasting impact Building a sustainable, long-term investment platform is no small feat. For Bobby Magee, managing partner of Escalera Capital, it has been the purpose of his career in commercial real estate and one that has shaped his approach as an entrepreneur, leader and innovator.

Magee entered the CRE world five years ago, bringing with him the fast-paced mindset of his prior career in investment banking.

Managing Partner

Escalera Capital San Antonio, Texas

“Early in my career, I worked in investment banking, where deals moved quickly, and success was often measured by the sheer volume of transactions,” Magee explained.

While he gained valuable experience, the transactional nature of his work didn’t align with his deeper ambition to create a lasting impact. This realization crystallized during his first independent real estate project: a five-building strip center acquired during the height of COVID-19.

“It was a daunting time to invest, with market uncertainty at its peak,” Magee recalled.

Facing unprecedented challenges, he made tough decisions, navigated unexpected obstacles and focused on creating long-term value – not just for the property but also for its tenants, employees and the surrounding community. The project became a pivotal moment in his career, teaching him to think beyond immediate returns and prioritize sustainable growth.

Today, Magee leads Escalera Capital, a vertically integrated private equity firm with a portfolio that spans hospitality, retail, industrial, mixed-use and experiential properties. The firm’s in-house capabilities, which range from construction and feasibility to property management, reflect Magee’s vision for long-term value creation. Building this platform required him to adopt a leadership role that extended beyond financial acumen to include team alignment, operational restructuring, and a forward-looking strategy.

“Resilience, adaptability and a focus on creating value have been key factors in my success,” Magee said.

He credits much of his growth to lessons learned early in his career, including the resilience gained from cold-calling more than 250 potential deals daily and the adaptability required to diversify Escalera Capital’s portfolio. Whether executing complex adaptive reuse projects or launching a $30 million equity fund, Magee has continually pushed boundaries in the CRE industry.

Magee’s journey also highlights the importance of mentorship and collaboration. He cites his partnership with Charles Leddy as instrumental in shaping his decision-making and reinforcing his long-term vision. Under Magee and Leddy’s leadership, Escalera Capital has become known for innovative and transformative investments, earning accolades such as the ConnectCRE Next Generation Award, the Texas 100, and recognition as one of San Antonio’s Startups to Watch.

When he’s not focused on transforming the CRE landscape, Magee recharges by indulging in his passion: working on and driving performance cars.

“It’s a great way to clear my head and fuel my creativity,” he shared.

Traveling, too, provides inspiration, offering fresh perspectives and ideas that often influence Magee’s work.

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MARK MASINTER Mark Masinter: Transforming iconic streets across North America For Mark Masinter, the heart of commercial real estate lies in its transformative potential: creating spaces that become thriving destinations and helping visionary brands expand their reach. Over nearly four decades, Masinter’s work has shaped neighborhoods, redefined retail experiences and left a lasting legacy in communities across North America.

Chairman of Global Retail

Newmark Retail Services Dallas, Texas

“I love walking some of the most iconic streets in North America and seeing the imprint and impact our real estate transactions have had,” Masinter said. “Having a seat at the table with some of the most intelligent and creative founders and CEOs, and being a small part of helping brilliant ideas expand, is incredibly satisfying.”

As Chairman of Global Retail at Newmark Retail Services, Masinter oversees strategic planning and business development, driving the firm’s retail real estate platform across North America and beyond. His journey began as an intern in 1984 while attending Southern Methodist University, and just two years later, he founded Open Realty Advisors. Under his leadership, the firm became one of the most esteemed retail advisory groups in the country, representing thousands of lease transactions for iconic brands and executing groundbreaking projects.

Masinter has faced significant challenges in his career, particularly in the early days of building his business.

“At first, it was overcoming my age, lack of capital and no real experience or success to tout,” he said. “I overcame all of it by working very hard and believing in my vision and point of difference.”

It’s that relentless work ethic, paired with his ability to think differently, that has defined Masinter’s career. His collaborative approach has been bolstered by long-term partnerships with colleagues who share his values.

“Amazing business partners who I’ve been in a huddle with for 20-plus years, our work ethic, commitment to details and delivering on commitments have been instrumental to our success,” he said. “We do business with people who align with our values.”

Masinter’s impact extends beyond the boardroom. He has played a pivotal role in shaping dynamic retail and mixed-use developments, including Legacy West in Plano, Music Lane in Austin and the reimagining of Henderson Avenue in Dallas. His ability to capture the essence of a brand and align it with the character of a neighborhood has transformed underutilized areas into vibrant communities.

Outside of work, Masinter finds joy in the mountains, whether skiing, cycling or hiking. He’s an avid live music fan, constantly immersing himself in topics ranging from history to wellness. His family is his greatest source of happiness, and he cherishes moments spent breaking bread with friends and loved ones.

“Sharing meals and having celebratory moments with family, friends and interesting people is what I enjoy most,” he said.

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MICHAEL MCGRATH Michael McGrath: A career built on relationships, resilience and results

CEO

McGrath Real Estate Partners Houston, Texas

Michael McGrath’s career in commercial real estate has spanned more than four decades and his journey has been defined by a singular focus: people.

As the Chief Executive Officer of McGrath Real Estate Partners, Michael has built his legacy by fostering meaningful, lasting relationships with clients, colleagues and industry partners. His ability to recognize talent, mentor others and prioritize collaboration has been the foundation of his success in an ever-evolving industry.

“I’ve always believed it’s about the people,” McGrath said. “Recognizing top talent and mentoring them throughout their career is incredibly rewarding.

Building lifetime relationships with investors, bankers, and real estate professionals who quickly become friends has been the key to my success.”

McGrath entered the commercial real estate industry in 1986, co-founding Asset Plus Corporation during a period of significant economic challenges. Specializing in restructuring and renovating foreclosed properties, the company quickly gained a reputation for navigating complex projects. McGrath, now sole owner, expanded Asset Plus to include an investment division focused on value-add acquisitions and ground-up developments. Later, he founded Asset Campus Housing, which became the largest privately owned student housing operator in North America with over 130,000 student residents.

Reflecting on his career, McGrath credits the relationships he built as a driving force behind his resilience through market downturns.

“In my 40-year career, I’ve seen three very bad downturns in the real estate market,” McGrath said.

“Maneuvering through these required grit, determination and a few sleepless nights. But the support and encouragement from my network of friends and colleagues made all the difference.”

After selling the companies to his son Ryan McGrath and now re-branded as Asset Living with over 300,000 units under management and currently the second largest management company in the nation, McGrath launched his newest endeavor, McGrath Real Estate Partners, where he leads efforts to acquire prime land and develop premium real estate projects across the United States. His focus includes multifamily communities, student housing, and master-planned residential developments.

McGrath’s strategic leadership has resulted in billions of dollars in successful real estate investments and his ability to create innovative systems and processes has positioned his firm as a leader in the industry.

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“Starting new is never easy, but it’s also exciting to develop new systems and processes,” McGrath shared. “I’ve learned to stay in my lane and mitigate risk. If you run in 20 different directions, you may never finish anything and end up in a heap of trouble.”

Beyond his professional accomplishments, McGrath is deeply committed to philanthropy. One of his most meaningful contributions has been his involvement with the Fred and Mabel Parks Youth Ranch, the largest homeless shelter for youth in Fort Bend County. Since its inception in 2010, McGrath has served on the board of directors, helping design, fundraise and the construct the facility. The shelter has provided emergency housing for thousands of homeless teens, a legacy of which McGrath is immensely proud.

Outside of work, McGrath enjoys traveling the world with his wife of 40 years, spending time with his three children and six grandchildren and retreating to the family ranch in South Texas. Whether exploring new cultures or enjoying the tranquility of the outdoors, he values the moments shared with loved ones.

CONGRATULATIONS

Michael McGrath REDNews Commercial Real Estate

Texas Icon 2024

FEBRUARY 2025

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TAYLOR MITCHAM Taylor Mitcham: Mastering all angles of commercial real estate Taylor Mitcham, Principal of Texas for Creation, has spent the past 14 years immersed in every facet of commercial real estate. From brokerage and leasing to site selection, acquisitions and development, Mitcham’s career has been defined by his ability to adapt, innovate and excel in a dynamic industry.

“There’s nothing more rewarding than transforming a raw piece of land into a well-designed, vertically improved project that creates jobs and stimulates thriving businesses,” Mitcham said.

Principal

Texas for Creation Dallas, Texas

This holistic perspective has guided Mitcham through the complexities of high-profile projects such as Houston Point 290 and Cypress Creek Distribution Center. Both developments came with their own unique challenges – complicated easement agreements, fragmented ownership and design hurdles – but Mitcham navigated them with creativity and perseverance.

“Pursuing a well located property, conducting due diligence and shaping the initial design before the land closes and construction begins is one of the most appealing parts of the development process,” Mitcham said.

Mitcham’s journey into real estate began with early exposure to construction and development, thanks to his parents.

Those formative experiences instilled a deep appreciation for the industry’s nuances and gave him a head start in understanding the interplay between design, construction, geography and market demand.

After starting his career in brokerage, Mitcham quickly developed a reputation for his ability to adapt to changing market conditions. Emerging from the Global Financial Crisis in 2011 as a struggling industrial broker, he shifted into retail development before ultimately pivoting back to industrial, a move that positioned him to navigate the unprecedented challenges of the COVID-19 pandemic.

“Adapting to ever-changing market conditions in multiple facets of the business and ‘rolling with the punches’ taught me the importance of agility in this industry,” Mitcham said.

During the pandemic, Mitcham successfully produced more than 1.5 million square feet of industrial product across Dallas-Fort Worth and Houston. He leased up the properties and helped sell 1.2 million square feet of the company’s portfolio despite the financial turbulence of 2023 and 2024, a testament to his resilience and expertise.

Mitcham’s ability to thrive stems from his diverse experience across the industry.

“Working in brokerage taught me how to handle rejection and maintain a positive outlook, while site location and acquisitions helped me grasp the importance of geography and identifying the right opportunities,” he said. “Development then tied all these lessons together, showing me what it really takes to transform raw land into a functioning real estate project.”

As a principal at Creation, Mitcham has overseen the sourcing and development of approximately $250 million in Texas real estate projects, including Mesquite 635, Fort West Commerce Center, Houston Point 290, Cypress Creek DC, and Northmark Commerce Center. With more than 2.5 million square feet of projects delivered and exited, along with another 1.3 million square feet in the pipeline, he is poised to push the company’s Texas platform to new heights, with a projected valuation of $300 million in logistics developments by 2025.

When he’s not driving Creation’s success, Mitcham enjoys traveling with his wife and son, golfing, skiing and spending time on the lake. He is also proud to support the David R. Sellers Foundation, which focuses on giving back to communities throughout Texas.

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TAYLOR MITCHAM CONGRATULATIONS TO TAYLOR MITCHAM ON BEING RECOGNIZED AS A TEXAS COMMERCIAL REAL ESTATE ICON BY REDNEWS.

As the principal of Texas for Creation, Taylor Mitcham has spent the past 14 years immersed in Texas commercial real estate, contributing to brokerage, leasing, site selection, acquisitions, and development. He has played a key role in unlocking and shaping challenging projects—most notably Houston Point 290 and Cypress Creek Distribution Center—by navigating complex easement agreements, coordinating with multiple stakeholders and structuring creative deals. Taylor would like to thank his team for trusting him and allowing him the opportunity to lead and grow Creation’s Texas portfolio.

2 0 2 5 T E X A S I C O N R E C O G N I T I O N / TAY L O R M I T C H A M / F O R M O R E I N F O R M AT I O N A B O U T C R E AT I O N V I S I T C R E AT I O N E Q U I T Y. C O M

FERAS MOUSSA

Feras Moussa: Empowering growth through multifamily real estate investing Feras Moussa, co-founder of Disrupt Equity, has redefined multifamily real estate investing by combining his tech background with a passion for empowering others. For Moussa, the greatest reward isn’t just the numbers; it’s the impact on the people around him.

“What I find most enjoyable about Disrupt Equity is empowering our team and our investors to achieve financial freedom through multifamily real estate investing,” Moussa said.

Co-Founder

Disrupt Equity Houston, Texas

Founded to create investment opportunities as well as safe, quality housing, Disrupt Equity has grown into a significant force in the real estate industry with more than 5,000 units and $800 million in assets under management.

“It’s incredibly rewarding to guide people, educate them, and see them grow their wealth through the opportunities we provide,” Moussa said.

His tech-driven approach is another factor that sets Disrupt Equity apart. Leveraging technology has allowed the firm to analyze deals more efficiently, streamline operations, and enhance the investor experience.

His meticulous approach to underwriting and broker relationships ensures that every deal aligns with the company’s long-term vision and goals.

While building wealth for others is rewarding, Moussa also takes pride in fostering a collaborative and positive company culture.

“We’ve sought out individuals who are not only skilled but also align with our values and vision for the business,” Moussa explained.

The team at Disrupt Equity thrives on shared commitment and innovation, driving results while maintaining a supportive environment. This focus on talent and culture has been critical in scaling the company and achieving long-term success.

Navigating challenges has been a defining aspect of Moussa’s career. The COVID-19 pandemic tested his resilience as the company faced an unprecedented industry-wide downturn.

“It was a wild year or so,” Moussa said. “But it eventually led to even more growth for our company, which was exciting to see.”

Moussa’s dedication to giving back extends beyond his work with Disrupt Equity. In 2021, he founded Disrupt Gives, a nonprofit organization that provides rental assistance and financial education to struggling renters across the United States.

“Disrupt Gives goes beyond offering rental aid by focusing on financial literacy,” Moussa said. “It equips tenants with practical tools to navigate tough times and build the skills necessary for long-term stability and success.”

Moussa’s commitment to social impact is a testament to his belief that real estate can drive meaningful change for investors and also for communities.

When he’s not leading the charge at Disrupt Equity, Moussa enjoys flying and spending time with his family.

“Flying allows me to embrace the fun and freedom of aviation while challenging myself to learn and grow,” he said.

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UPCOMING EVENTS April 23, 2025 Austin, TX 6th Annual Commercial Real Estate Summit - 4 hours of TREC to be Applied for

April 23, 2025 Dallas Fort Worth 6th Annual Industrial Summit

- 3 hours of TREC to be Applied for

April 23, 2025 Dallas Fort Worth Apartment Summit

- 3 hours of TREC to be Applied for

April 29, 2025 Houston Commercial Real Estate Summit

- 4 hours of TREC to be Applied for

For Speaking and Sponsorship Opportunities, contact:

April Daniel april.daniel@rejournals.com 281-851-7541

BRAD PORTER

Brad Porter: Balancing law and real estate with vision and confidence Brad Porter’s career journey is a testament to the power of following one’s passion. Today, he is a board-certified attorney and seasoned real estate investor with an impressive track record in commercial real estate. But his path to this dual expertise was far from traditional.

Managing Partner

Porter Law Firm Houston, Texas

Porter’s interest in real estate was sparked early.

“I’ve always been interested in real estate, I took a course on the subject in high school and managed an apartment complex in college in return for reduced rent,” Porter said.

Despite this early exposure, he initially pursued a legal career, earning his law degree from Temple University Beasley School of Law. However, after graduation, he found himself at a crossroads.

“I wasn’t sure if I wanted to practice law,” Porter recalled. “Instead of the bar, I studied for the real estate exam and began helping people with buying, selling, developing and leasing properties.”

One key transaction would become a turning point. While representing a buyer in a land deal, Porter caught the attention of the seller, who referred him to a real estate attorney. That connection led to his first job in the legal industry. From there, Porter built a career that seamlessly integrates his legal acumen with his passion for real estate.

“Balancing two roles is challenging at times,” Porter admitted. “As a lawyer, I’m trained to spot and advise clients on potential issues, while as an investor, my instinct is to find ways to make the deal succeed.”

This dual perspective allows Porter to provide clients with a unique combination of legal expertise and hands-on market knowledge. Whether navigating financing, property management or complex litigation, his results-driven approach ensures his clients receive well-rounded advice tailored to their needs.

“I think having vision and confidence has been a big part of my success,” Porter said.

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His confidence extends to taking calculated risks, such as partnering with LandPark Advisors to close on a 16-story Class A building in Houston’s Galleria area. His background also includes advising clients at local, national and international levels, making him a trusted name across industries.

Porter credits his legal training with shaping his problem-solving skills, while his experience as a real estate investor gives him a holistic view of the market.

“I’m someone who sees a challenge as an opportunity and figures out how to navigate that path successfully, even when others are doubtful,” he said.

Outside of work, Porter enjoys spending time with his family, attending sporting events and exploring the outdoors. Whether in the mountains or by the ocean, he finds these moments recharge him for the challenges of his dynamic career.

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TANYA RAGAN Tanya Ragan: Redefining urban development through authentic experiences

President

Tanya Ragan is more than a real estate developer; she is a change-maker, an advocate for historic preservation and a leader who prioritizes community-driven development. As the president and owner of Wildcat Management, a woman-owned real estate development and investment firm, she has spent nearly two decades shaping Dallas’s urban landscape. Her work has been instrumental in revitalizing historic districts, preserving architectural landmarks and creating spaces that foster long-term economic growth.

Wildcat Management Dallas, Texas

“My life and career have been built on breaking boundaries and taking risks,” Ragan said. “One must block out fear and take the leap to be a change-maker.”

Among her most notable accomplishments is the revitalization of the Farmers Market District in downtown Dallas, a project that epitomizes her ability to merge historic preservation with modern urban development. For decades, the market had been a cornerstone of the city, but by the early 2010s, it was in decline. The city considered shutting it down, a move that could have erased a vital piece of Dallas’s history.

“I organized a group of business and property owners to lobby at the local and state levels to privatize the market and create a new district around it,” Ragan shared. “I took the oldest commercial building in downtown Dallas, the Liberty Bank Building, which was slated for demolition, bought it for a dollar and moved it, brick by brick, to a new location a mile away, just adjacent to the historic Dallas Farmers' Market.”

This bold move transformed the area, bringing in businesses like the Green Door Public House and a yoga studio, which in turn attracted more visitors and residents. What was once a neglected district became one of the most desirable urban neighborhoods, now home to more than 4,500 residents and a thriving commercial sector.

Ragan’s philosophy is that she isn’t just building properties; she’s curating experiences.

“My specialty is creating an authentic user experience,” she says. “I’ve had the opportunity to visit various neighborhoods and cities and be involved in their transformation from start to finish. That includes organizing property owners, working with city government, advocating for policy changes and rehabilitating vacant buildings so they generate economic development.”

Ragan admits that her journey hasn’t been easy. She entered commercial real estate through oil and gas, a field dominated by men.

“Being a female in a male-dominated industry can be tricky,” she admits. “And sometimes, the women in the industry aren’t so nice to each other either.”

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She credits her success to hard work, persistence and learning to negotiate fearlessly.

“When I worked in oil and gas, they called me ‘the closer.’ My boss would bring me in on tough deals to help get it done. I am a hard negotiator and workaholic, which has opened many doors for me,” Ragan recalled, adding that her approach to business is straightforward. “I'm successful because I show up and I am visible. I follow up. And I work hard.”

Ragan continues to expand Wildcat Management’s footprint, with new projects planned in North Texas and the Midwest. But she remains committed to her core mission: developing spaces that tell a story and enhance communities.

She sums up her approach with one final piece of advice: “You’ve got to be your own cheerleader.

Embrace your successes, own them, talk about them, promote them and use them to push yourself forward.”

Wildcat Management Proudly Congratulates Tanya Ragan, President, on Being Named a 2024 Texas Icon by REDNews Tanya Ragan is a pioneering force in the industry, earning her rightful spot as one of Texas’ most influential leaders. As President of Wildcat Management, her unwavering drive, visionary strategy, and unmatched commitment have not only propelled our company forward but have also made a lasting impact on the entire industry.

214-758-0348 |

info@wildcatmanagement.net

@WildcatManagement

@Wildcatmgmt

@WildcatManagement

@WildcatManagement

FEBRUARY 2025

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CHRIS SCOTT Chris Scott: Surviving to thriving in commercial construction Chris Scott, founder and CEO of Scott + Reid General Contractors, has spent the past 40 years navigating the cyclical nature of the commercial real estate and construction industry.

His leadership philosophy and resilience have propelled his firm to become one of the largest privately owned commercial construction companies in Texas, but Scott’s journey has not been without challenges.

“When the pandemic hit, we had a mantra: ‘Survive until ’25,’” Scott said.

Founder and CEO

Scott + Reid General Contractors Addison, Texas

As a general contractor known for premier office interiors, Scott + Reid faced unique challenges when remote work became the norm. Demand for office space dwindled and the firm had to quickly pivot.

“We had to lean on our existing relationships. We had to innovate,” Scott recalled.

The company invested heavily in other service lines, including ground-up construction, medical office buildings and public sector projects. The pandemic created an unexpected opportunity for growth and Scott’s strategic approach allowed Scott + Reid to emerge stronger.

“Now that we are in 2025, we have a new mantra: ‘Thrive in ’25,’” Scott said. “Based on the investments we made in our processes and people, we are now positioned to have our best year ever.”

Scott’s ability to adapt is rooted in his passion for relationships and his team.

“At Scott + Reid, we chase clients, not jobs,” Scott said. “The commercial real estate industry is all about relationships.

People trust us to be subject matter experts in construction, and they trust that we will have their business interests in mind. They want a partner.”

That trust is a cornerstone of Scott + Reid’s success with 90% of the firm’s work coming from repeat clients.

Scott’s leadership style is another key ingredient in his success. Known for his motto of “leading from behind,” he empowers his team to take ownership of their work and develop as leaders.

“The most enjoyable part of my job is developing the next generation of leaders,” Scott said. “Commercial construction affords people the ability to grow and develop. I enjoy leading teams and seeing them achieve their goals, both professionally and personally.”

Under Scott’s guidance, Scott + Reid manages nearly 300 projects annually, from high-end interior renovations to ground-up builds. The firm has set the benchmark for quality and service, working with clients ranging from small businesses to Fortune 500 companies.

Beyond the boardroom, Scott’s legacy extends to his community. He is actively engaged in organizations like My Possibilities, which supports adults with cognitive disabilities, and Family Legacy, a nonprofit focused on education and care for orphans.

“My Possibilities is particularly close to my heart,” Scott said. “Through Scott + Reid, we were able to donate time and talent to help build their new facility in Collin County. It’s the first full-day, full-year educational program of its kind in the area, and it serves as a tangible reminder of our commitment to the community.”

When he’s not at work, Scott enjoys spending time on the golf course or at the lake with his wife and family.

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Congratulates Chris Scott on being named a REDnews Texas Commercial Real Estate Icon!

Scott + Reid is a commercial general contractor specializing in high-profile corporate remodeling, transformative capital improvements, and low-rise new construction. Since its founding in 1992, the company has grown to become one of the largest privately owned construction firms in the state of Texas with offices in Dallas, Houston, and Tulsa.

For more information go to scottandreid.com

JUSTIN TUNNELL Justin Tunnell: Building credibility one deal at a time In the high-stakes world of commercial real estate, first impressions matter.

For Justin Tunnell, a principal and broker with Lee & Associates, navigating the industry as a young professional presented unique challenges – challenges he overcame with creativity, determination and a touch of humor.

Principal

Lee & Associates Houston, Texas

“When I first started in the industry, the name ‘Justin’ was often associated with someone in their early 20s,” Tunnell said.

To establish credibility, he began using his nickname, "JT," a decision that quickly opened doors to more meetings and opportunities. But even the best strategies come with unexpected moments.

“I’ll never forget when a client said to me, ‘You’re JT? Son, I’ve got boots older than you!’” Tunnell recalled.

That lighthearted anecdote underscores Tunnell’s approach to business: a blend of professionalism and relatability. His ability to connect with clients on a personal level has been instrumental in building a thriving 22-year career in commercial real estate, where he is known as a dynamic force in the Houston market.

Tunnell’s career began at TNRG, a renowned brokerage and development firm where he gained hands-on experience in everything from construction costs to structuring speculative deals. This comprehensive knowledge set him apart early on and laid the groundwork for his current role at Lee & Associates, where he continues to excel.

“What I find most enjoyable about this business is the relationships and the dynamic nature of the work,” Tunnell said.

The Houston brokerage community, with its unique sense of camaraderie, has been a constant source of inspiration for Tunnell. He values the strong friendships he has developed with clients and colleagues over the years, adding a personal touch to every transaction.

While relationships are at the heart of his work, Tunnell also thrives on the complexity of real estate deals. Early in his career, he realized that being a successful broker required more than data and market trends; it demanded leadership and a deep understanding of the nuances of each transaction.

“As the real estate professional, it’s my responsibility to lead each transaction,” Tunnell said. “The broker’s expertise and guidance are instrumental in navigating the gauntlet and finding the finish line.”

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This mindset has propelled Tunnell to the forefront of the industry, where he is not only a top-tier negotiator but also a trusted advisor to his clients. His approach is grounded in values he first encountered while studying John Walter Wayland’s poem “The True Gentleman” in college.

“The lines ‘Whose deed follows his word’ and ‘Who appears well in any company’ really resonated with me,” Tunnell said. “They’ve shaped my approach to business and helped me establish trust with clients and colleagues alike.”

Beyond his professional achievements, Tunnell is deeply involved in his community. He serves on the advisory board for CompassionateLee, a charitable organization, and is an active member of the Greater Houston Partnership, SIOR and regional development committees.

When he’s not brokering deals, Tunnell enjoys spending quality time with family and friends.

“While I don’t typically golf, hunt or fish on my own, I thoroughly enjoy these activities when shared with friends,” he said. “The connections I make during these moments are what I find most fulfilling.”

CONGRATULATIONS

JUSTIN TUNNELL LEE & ASSOCIATES - HOUSTON would like to congratulate you on being named a REDnews Texas Commercial Real Estate Icon.

JUSTIN TUNNELL, SIOR | Principal jtunnell@lee-associates.com D 713.744.7431

FEBRUARY 2025

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VICTOR VACEK Victor Vacek: A legacy of resilience and leadership

President / CEO

Central Management, Inc. Houston, Texas

In his remarkable 56-year career in commercial real estate, Victor “Vic” Vacek, founder and president of Central Management, Inc./CMI Brokerage (CMI), has built an enduring legacy defined by hands-on leadership, lasting relationships and unwavering determination. But behind his professional success lies an even more inspiring story: his journey as a cancer survivor.

“I was able to overcome cancer two times,” Vacek said. “The oncologist said faith and attitude contributed to my healing.”

This resilience mirrors the approach Vacek has taken throughout his career: meeting challenges head-on and relying on faith, determination and an indomitable spirit to navigate life’s trials. From his early days in the industry, he has embraced the daily challenges of real estate with the same attitude that carried him through his health battles.

Vacek began his real estate career while attending the University of Houston in 1969, working as a maintenance man. Mentored by industry veterans, he quickly rose through the ranks, gaining expertise in property management, brokerage and construction. In 1978, he and his wife Diane took a leap of faith and founded CMI, a boutique firm specializing in commercial real estate management and brokerage services.

Over the past 45 years, CMI has managed more than 1 billion square feet of property, including office buildings, retail centers, industrial sites, multifamily complexes and medical facilities. The firm’s success is rooted in Vacek’s hands-on approach.

“Vic is known for being a go-getter,” one client remarked. “He still walks roofs, troubleshoots HVAC systems and does whatever is needed to accomplish a goal.”

This commitment to service has earned Vacek praise for his sound business judgment, communication skills and ability to build great teams. One of his proudest accomplishments is the 42-year uninterrupted management of Diho Plaza, a Chinatown landmark in Houston.

“I’ve always believed in open communication and building relationships,” Vacek said. “Talking to clients, tenants and vendors has helped me build the long-term relationships necessary in this industry.”

Vacek’s impact extends beyond his company. He has been deeply involved in professional organizations, including the Institute of Real Estate Management (IREM), where he has served as a chapter president, committee chair and national council member. He also served as president of the Houston Apartment Association and was inducted into its Hall of Fame in 2023.

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“I believe in helping others when asked, whether it’s providing professional advice or serving on committees,” he said.

Even as he approaches six decades in the industry, Vacek remains as active as ever. He continues to mentor the next generation of real estate professionals while staying involved in daily operations at CMI. For Vacek, every day is an opportunity to learn, grow and find new ways to serve his clients.

“I really do encounter new things every day,” he said.

Outside of work, Vacek enjoys spending time with his family, including his wife, two sons and daughters-in-law, as well as six six grandchildren. He finds peace on his family’s farm in Weimar, Texas, where he tends to chores, watches over the cows and breathes the fresh air.

Vacek credits his faith and family as the foundation of his success.

“I attribute my success to God and Him gifting me with talents and a strong family upbringing,” he said.

“I’m instilling this in my family so the legacy will continue through future generations.”

cmi

Congratulations to

Vic Vacek on being selected as a member of the Texas Commercial Real Estate Icons Class of 2024

by REDnews Magazine.

Central Management Inc CMI Brokerage 820 Gessner, Ste 1525 Houston, TX 77024 Vic Vacek, President

FEBRUARY 2025

713-961-9777

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REED VESTAL Reed Vestal: Embracing the unique challenges of commercial real estate For Reed Vestal, co-founder and CEO of Junction Commercial Real Estate, every day in the industry offers a new puzzle to solve – a unique challenge that keeps him energized and relentlessly focused. Over his 14-year career, Vestal has built a reputation for thriving in an industry that is anything but boring, transforming obstacles into opportunities and emerging as a leader in the Houston market.

Co-founder and CEO

“The unique challenges you face on a day-to-day basis are what I find most enjoyable,” Vestal said. “It’s not a cookie-cutter industry. These unique issues force you to either become solution-driven or just out of the business in general. It’s up to you to decide how successful you want to be professionally.”

Junction Commercial Real Estate Houston, Texas

This mindset has been a driving force behind Junction’s impressive growth and success since its founding. Under Vestal's guidance, the firm has quickly established itself as a market leader, with a portfolio that spans development, investments, land and industrial brokerage and private equity placements across the United States. In just four years, Junction has made a significant impact, with three of its brokers being named 2024 Houston Business Journal Heavy Hitters, a prestigious honor recognizing top commercial real estate brokers based on gross dollar volume of deals.

Vestal’s journey began with a master’s degree in real estate finance from Texas A&M University’s Mays Business School, where he honed his skills and prepared for a career defined by adaptability and innovation. Launching his career at a boutique brokerage firm in Houston, he quickly made a name for himself, building a network from the ground up and contributing to the company’s growth through his involvement in brokerage, marketing, operations and business development.

His next move to The National Realty Group (TNRG) marked a pivotal step, allowing him to deepen his knowledge in development and investments. When TNRG was acquired by Lee & Associates, one of the largest brokerage firms in the country, Vestal’s career trajectory soared. By age 29, he was named Principal and Partner – one of the youngest brokers to achieve this distinction within Lee & Associates' national network.

Throughout his career, Vestal has secured more than $1.2 billion in real estate transactions, including sales, leases, build-to-suits, stabilized investments and project developments. He has been a principal sponsor in the development of more than 4 million square feet of industrial distribution product and numerous light industrial and land speculative deals. His passion for the non-cookie-cutter nature of the industry is reflected in the complex deals he’s structured and the innovative solutions he’s developed to meet his clients’ needs.

“There hasn’t been a challenge that we have not overcome,” Vestal noted. “I truly couldn’t point one out because my team and I have short-term memory on issues. We figure it out and we move on.”

This ability to tackle challenges head-on without dwelling on setbacks has set Vestal apart as a leader and innovator.

His relentless drive and focus have earned him numerous accolades, including a spot on the HBJ Heavy Hitters list every year from 2017 to 2024 and the Circle of Excellence Award at Lee & Associates in 2019 and 2020. He was also recognized as NAIOP’s Rising Star of the Year in 2015 and Connect Media’s Next Generation Award in 2019, solidifying his status as an up-and-coming leader in commercial real estate.

Beyond his professional accomplishments, Vestal finds joy in the hands-on challenges of cattle ranching, a passion that mirrors his approach to real estate. He owns and operates cattle ranches in Texas and Kansas, where his cattle have earned recognition at some of the nation’s top cattle shows.

“When I’m not working, I love cattle ranching and hanging out with my wife and kids,” Vestal shared.

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Congratulations!

REED VESTAL 2024 REDnews TEXAS ICON

ERIC VOYLES Eric Voyles: Lessons in leadership through adversity In his 30 years in commercial real estate, Eric Voyles, Executive Vice President and Chief Economic Development Officer at TexAmericas Center, has achieved remarkable success. But it was a failure, not a victory, that provided one of his greatest lessons.

Executive Vice President & Chief Economic Development Officer

TexAmericas Center New Boston, Texas

In 2001, Voyles led what he thought would be the most significant project of his career at that time as President of the Galesburg Regional Economic Development Association in Illinois.

“We bought a 58-acre parcel and were selling off 10 acres for a $14 million rail-served project, a mega deal even by today’s standards,” Voyles said.

The deal appeared to be on solid ground. The land was purchased below market value, state and local incentives were secured and the buyer had already acquired $250,000 worth of equipment.

“All this occurred on September 10, 2001,” Voyles recalled.

The world changed the following day with the September 11 terrorist attacks.

“The company was financing the project on the strength of commodity positions, which collapsed,” Voyles said. “The deal was officially called off in February 2002.”

While the project fell through, Voyles carried its lessons forward.

“I learned that the best-laid plans can go asunder even at the zero hour,” he said. “This experience has led me to look at deals a little more closely, but more importantly, not declare them done until all the money has exchanged hands, construction has been completed and jobs have been created.”

This philosophy has shaped Voyles’ leadership and customer service approach throughout his career.

At TexAmericas Center, he has grown occupied square footage by 143%, overseeing a lease portfolio of more than 1.4 million square feet and 12,000 acres of transactable property. His innovative marketing strategies, commitment to adopting new technologies and ability to build strong coalitions have elevated TexAmericas Center to become the No. 3 industrial park in the nation.

“Economic development and industrial development are team sports,” Voyles said.

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He prioritizes collaboration, from fostering relationships with key players to implementing tools like Customer Relationship Management systems and CoStar listings to ensure TexAmericas Center remains a competitive option for businesses.

“I don’t focus on the financial side of a project. I focus on its impact,” he said. “A good deal creates quality jobs, whether that’s five or 5,000.”

Beyond his professional accomplishments, Voyles is dedicated to mentorship and continuous learning. He encourages his team to pursue training opportunities and takes pride in their personal and professional growth.

Voyles’ impact also extends into his community. He serves on numerous boards and associations and was recently named chair of the Business Advisory Board for the College of Business, Engineering and Technology at Texas A&M University–Texarkana.

When he’s not working, Voyles enjoys time with his wife, their dogs and their family. A new grandfather, he finds joy in catching up on the latest baby updates and taking his wife to her favorite place: the beach.

CONGRATULATIONS

ERIC VOYLES For Being Named A Texas Commercial Real Estate Icon

By REDnews.

Eric Voyles: Connecting Communities With Industries.

ERIC VOYLES Executive Vice President & Chief Economic Development Officer 903-306-8923 eric.voyles@texamericascenter.com

FEBRUARY 2025

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TEXAS ICONS

Michael Ablon Susan Arledge John Atcheson Deborah Bauer Fred Baca J. Cary Barton Lucy Billingsley Cliff Booth Hans Brindley Stephanie Burritt R.L. “Burr” Buckalew Fred Caldwell Dougal Cameron Bill Cawley Robert H. Clay David L. Cook David Craig Stan Creech Sean Dalfen Lynn Davis Nick Dhanani Dr. Mark Dotzour Lynn Dowdle Patrick Duffy Emily Durham Melanie Edmundson Gary S. Farmer Steve Fithian Andy Flack Jerry Frey Daniel Galvan CCIM, SIOR Lilly Golden Pam Goodwin Charles Gordon Abe S. Goren Craig Hall John Hammond Al Hartman Lispah Hogan Simmi Jaggi

ALUMNI

2020 2020 2022 2021 2020 2020 2020 2023 2023 2021 2021 2020 2022 2022 2020 2020 2022 2021 2023 2022 2023 2021 2023 2022 2023 2020 2020 2023 2022 2023 2023 2021 2022 2021 2022 2020 2023 2021 2022 2021

Patton Jones Dr. Steven Kaufman CPA Jim Knight Sarah LanCarte CCIM, SIOR Eric Lestin Philip Levy Tanya Hart Little Amy Madison Conrad Madsen, SIOR Terrence Maiden Nikelle S. Meade Edna Meyer-Nelson Sandra McGlothlin David Mitchell Bob Mohr Nathaliah Naipaul CCIM Ed Nwokedi Brian O’Boyle Rebecca Olaguibel Bob Parsley Tom Pearson SIOR, MBA Stephen Pheigaru Jennifer Pierson Jeff Read Alfred (Tom) Rohde Michael G. Scheurich Philip Schneidau Carolyn Hinchey Shaw Mike Spears, SIOR, CCIM E.W. “Ned” Torian Jay Sears Cindy Simpson Jeffrey Swope Timothy Veler Christen Vestal Greg Weaver Michele Wheeler Reid Wilson David Wolff John Zikos

2022 2023 2020 2023 2021 2020 2023 2020 2021 2020 2022 2020 2023 2023 2023 2022 2021 2023 2022 2020 2023 2023 2022 2020 2022 2022 2022 2020 2021 2021 2023 2023 2020 2022 2022 2020 2022 2020 2023 2023

CRE MARKETPLACE

ARCHITECTS/DESIGN-BUILD FIRMS

CONSTRUCTION COMPANIES/GENERAL CONTRACTORS

KDS de stijl interiors, LLC 2006 E Cesar Chavez St. Austin, TX 78702 P: 512.457.1332 Website: kdsaustin.com Key Contacts: Jill Laverentz, Owner, jill@kdsaustin.com; Clark Kampfe, Principal, clark@kdsaustin.com Services Provided: Programming & Client Process Analysis – Due Diligence & Building Analysis – Schematic Design – Test Fit & Pricing Notes – Project Scheduling Goals – Consultant Team Formation – Cost Analysis & Value Engineering – Design Development – Construction Documentation – Racking, Commodity, & Equipment Coordination – Permit Processing – Project Management – Construction Administration – Project Budgeting & Cost Tracking – As-Built Documents Company Profile: KDS is a full-service commercial design firm with 30+ years of experience including 25,000,000+ SF of Industrial/Flex and 3,000,000+ SF of Office Projects. We are committed to responsiveness and to providing well designed and implemented solutions. Our extensive knowledge base and adept management of critical milestones creates consistently successful projects.

Notable/Recent Projects: American Canning – Austin, TX – 101,000 SF – Manufacturing & Distribution FlightSafety International – TX & OK – 186,000 SF Combined – Manufacturing GT Distributors – Pflugerville, TX – 58,000 SF – Retail, Office, Fabrication, Storage & Distribution

ALSTON CONSTRUCTION COMPANY HOU: 1300 W. Sam Houston Pkwy S Suite 225, Houston, TX 77042 DAL: 10440 North Central Expressway Suite 720, Dallas, TX 75231 Website: alstonco.com Key Contact: HOU: Nick Dwyer, Director of Business Development, ndwyer@alstonco.com DAL: Brittany Schneider, Director of Business Development, bschneider@alstonco.com Services Provided: Alston offers a diverse background of design-build experience, general contracting and construction management of industrial, commercial, healthcare, retail, and municipal projects.

Company Profile: Alston Construction’s success begins and ends with our approach to planning, scheduling, and choosing the right team. We have been adhering to an open and collaborative approach since our founding more than 35 years ago.

Notable/Recent Projects: Innovation Ridge Logistics Park, a 1.1 million SF 3 building industrial business park in Forney; 610 Business District, a 388,795 SF industrial park located in Houston; 1.2 million SF logistics facility located in Conroe.

LGE DESIGN BUILD 280 E. Levee Street Dallas, TX 75207 P: 469.498.0998 Website: lgedesignbuild.com Key Contact: Ray Catlin, Regional Vice President, rcatlin@lgedesignbuild.com Service Provided: LGE Design Build provides comprehensive design and construction services, including architecture, engineering, and interior design. LGE specializes in commercial, industrial, retail, healthcare, and tenant improvement projects. Utilizing a client-centric, design-build model, LGE ensures streamlined processes, reduced costs, and sustainable building practices for customized, high-quality results.

Company Profile: LGE, with dual headquarters in Phoenix and Dallas, provides full-service architecture, design, engineering, budget control, permits, and construction. Renowned for integrity and craftsmanship, LGE has completed over 1,200 projects across industries like industrial, office, hospitality, medical, and more, delivering award-winning designs.

Notable/Recent Projects: LGE Dallas Headquarters, Mesquite 635, Fort West Commerce Center, Houston Point 290, Cypress Creek Distribution Center, McKinney Trade Center II, Sunridge Industrial Park, Park West Phase III, Bottled Blonde / Backyard Fort Worth.

BROKERAGE FIRMS

CMI BROKERAGE 820 Gessner, Suite 1525 Houston, TX 77024 P: 713.961.4666 Website: cmirealestate.com Key Contacts: Trent Vacek, tvacek@cmirealestate.com; James Sinclair, jsinclair@cmirealestate.com Services Provided: Central Management, Inc. is a full-service commercial real estate firm providing Brokerage Services; Property, Facility, Construction and Asset Management Services; Landlord and Tenant Representation; Land Sales; Receivership and Real Estate Recovery.

Services are available for Industrial, Land, Multifamily, MOB, Office and Retail. Licensed in Oklahoma and Texas.

Company Profile: Central Management, Inc. (CMI) was founded by Houston real estate professional Vic Vacek in 1978. Our team understands the intricacies of the markets that offer investors an edge both from a leasing and an asset management perspective. Certified AMO® 1984, IREM, CPM, CCIM, NAR, HAR, NALP, ICSC, and TREC. Notable Transactions/Clients: Armada Big Springs Ptnrs, Barbour Invts., Baytown ISD, Core Real Estate, Hoffpauir Estate, JLC Properties, KBR, Prudential, Rawson Blum & Leon, Subway, Texas Hearing Institute, Triple Crown Invts., US Oncology, Vigavi Realty, Walgreens.

ROOFING COMPANIES

HIGHUP ROOFING 6620 Isabelle Dr. Austin, TX 78752 P: 512.566.9989 Website: highuproofingllc.com Key Contact: Nasir Hussain, Owner, highuproofing94@gmail.com Services Provided: Flat Roof Coating, Roof Repair, Roof Installation, Roof Maintenance, Torch Down Roofing, Commercial Roofing, Residential Roofing.

SUMMIT DESIGN + BUILD, LLC 98 San Jacinto Blvd, 4th Floor Austin, TX 78701 P: 512.872.6698 Website: summitdb.com Key Contacts: Adam Miller, President, amiller@summitdb.com; Doug Hayes, Project Executive, dhayes@summitdb.com; Amber Autumn, Business Development, aautumn@summitdb.com Services Provided: Summit Design + Build, LLC is a provider of full service general contracting, construction management and design/ build construction services for the commercial, industrial, multifamily residential, office/tenant interiors, hospitality and institutional markets.

Company Profile: Located in downtown Austin and with offices in Tampa, FL, Chicago, IL and North Carolina, Summit Design + Build has been involved in the design and construction of over 400 buildings and spaces totaling more than 10 million square feet over the firm’s 18 year history.

Notable/Recently Completed Projects: Montage – 2323 S. Lamar (Multifamily), Congress Lofts at St. Elmo (Multifamily), UpCampus Student Housing Tallahassee (Multifamily), WeWork (Office TI), Eli’s Cheesecake (Industrial), Lockheed Martin (Industrial), Stadium Lofts North Carolina (Multifamily).

HEALTHCARE MOB PUREFYT COMMUNITY CARE 14205 N MoPac Expy, Suite 570 PMB #565290 Austin, TX 78728 P: 512.775.3704 Website: purefytcc.com Key Contact: Ge'O-Vanna Smith, Owner, mobileivtherapyaustin@gmail.com Services Provided: Mobile Medical Services; emergency medical services; medical service company; emergency medical services; family health medical services; behavioral health services; behavioral mental health; behavioral healthcare services; behavior health services; behavior health service; advanced behavioral health services; mobile iv therapy; mobile iv therapy near me; mobile iv therapy austin; community medical services.

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NATIONAL ENVIRONMENTAL SERVICES Houston, Texas • Redlands, California

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National Environmental Services 5773 Woodway Dr, Suite 96, Houston, TX 77057: Phone (281) 888-5266 700 East Redlands Blvd, Suite U618, Redlands, CA 92373: Phone (951) 545-0250 Toll Free: (833) 4-Phase1 www.nationalenv.com • www.gabrielenv.com