June 20, 2024 (HOUSTON) – The Houston Industrial Metro Area is a formidable distribution powerhouse. It features state-of-the-art facilities and expedient access to the premier port of the Gulf Coast. The sprawling port city has long been a crucial factor in meeting the logistics needs of some of the nation’s largest companies. In recent years, notably in the midst of the COVID-19 pandemic and beyond, demand for distribution space has surged significantly. This can primarily…
Lee & Associates – Houston Unveils Advanced Broker Training Program Details
May 23, 2024 (HOUSTON) – Embarking on a career in commercial real estate brokerage involves the navigation of a myriad of challenges. Aspiring brokers must quickly digest a wealth of information due to the industry’s frequently evolving trends, established commercial methodologies, and terminology. The complex industry landscape requires a solid understanding of market dynamics, effective networking, and continuous learning. Lee & Associates – Houston offers a robust broker training program where aspiring brokers receive…
Office space with hospitality in mind. The newest trend in office space design.
The latest initiatives aimed at revitalizing office space have led to the emergence of a transformative trend that is reshaping the design landscape of workplaces across the nation. April 18, 2024 (HOUSTON) – In the current era of office leasing, marked by a prolonged wave of employees resisting the return to the office post-pandemic, many companies and landlords are resolutely committed to integrating upscale features and amenities into their office spaces, striving to enhance…
THE PINNACLE PORT OF THE GULF OF MEXICO BOASTS A STRONG START TO THE YEAR
February , 2024 (HOUSTON) – Port Houston once again had an astounding year in 2023. While overall annual performance statistics were down relative to 2022, triumphs were seen throughout the year. The final quarter of the year embraced several of the more notable triumphs, including extraordinary cargo volumes and great strides in The Port’s renovation and expansion projects. Just beyond the 3.8 million mark, total TEUs ended the year merely 4% below the previous annual…
Seven Stand-Out Features to Consider When Speculating on Your Next Industrial Outdoor Storage Development
May 2023 (HOUSTON) – Industrial Outdoor Storage (IOS) has seen dramatic growth in the past three years and is now estimated to be a $200-billion asset class. Primarily used for truck terminals, trailer storage, container storage, pallet storage and construction or heavy equipment yards, the market saw a huge boom during the pandemic as e-commerce exploded. Even with the pandemic slowing down, e-commerce continues to grow. Here are seven features to consider before developing your…
Successfully Investing in Real Estate Requires a Qualified Property Manager
By definition, property managers set appropriate rental rates, look after tenants, coordinate with construction management in repairs and build outs, and serve as the middleman between building ownership and its tenants. As owners and investors in buildings have evolved, so to have the responsibilities and expectations of a property manager. In years’ past, an attorney or doctor might look to acquire the building its practice is in as a means of retirement income. Today, with…
Recession Proofing Your CRE Portfolio
With the Fed recently approving an interest rate increase of 0.75 and more increases expected this year in an effort to tamp down inflation, all signs would indicate that the US economy is headed for a recession. In fact, some would argue that we are already in a recession based on the fact that the negative gross domestic product reported during the second quarter, by definition, indicates a recession is in place (two consecutive quarters…
Lessons and Advice from Dad
Chris Lewis and Mike Spears, co-managing principals of Lee & Associates – Houston, shared lessons from their dad and advice for their children this Father’s Day. Chris Lewis: Q: What was your dad’s profession and for how many years? A: My dad has been in commercial real estate for more than 50 years. Q: Best piece of advice your father ever gave you? A: Never give up; show up early and overprepare. Q: Was…
The Art of the Remote Deal: Tips & Tricks to Ensure Your Transaction Doesn’t Get Derailed
During times of uncertainty in the world, two constants have always been acknowledged. One, the US is one of the safest places in the world to invest money and two, real estate is a stable industry. Thanks to these two components, foreign investment has been entering the United States for years; but even more so due to recent inflation, the COVID-19 Pandemic, and the Russian-Ukraine war, which are causing a great amount of instability in…