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…
Lee & Associates – Houston Leases More Than 30,000 SF in the Galleria Submarket
Seven Tenant Leases Solidified in a Four-Month Timeframe April 2022 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, and Griffin Partners, an entrepreneurial, commercial real estate investment firm, announces the recent leasing of more than 30,000 square-feet of office space at 520 Post Oak Boulevard. Located in the highly desirable Galleria area of Houston, the eight story, recently renovated, boutique building boasts a total of 155,000 square feet. Jill…
LEE & ASSOCIATES – HOUSTON WELCOMES JASON ENGLISH TO THE BROKERAGE TEAM
HOUSTON (FEBRUARY 2022) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces Jason English has joined its growing brokerage team as a Director. “I have known Jason for many years and have the utmost respect for him as a broker,” said Mike Spears, Managing Principal. “I was ecstatic to learn he would be coming on board, and I look forward to him being an integral part of our team.”…
Lee & Associates – Houston Announces 2021’s Top Producers
JUSTIN TUNNELL, SIOR Principal Visit Broker Website TAYLOR SCHMIDT, SIOR, CCIM Principal Visit Broker Website ROBERT MCGEE, SIOR Principal Visit Broker Website THOMAS LEGER, SIOR Principal Visit Broker Website PRESTON YAGGI, SIOR, CCIM Principal Visit Broker Website CHASE CRIBBS, SIOR Principal Visit Broker Website C.E. “TREY” ERWIN III, SIOR Principal Visit Broker Website TRAVIS TAYLOR Principal Visit Broker Website
Houston Submarkets Boom in Industrial Commercial Real Estate
This year, we have seen a boom in the industrial market with the rise of e-commerce. With the pandemic, there has been tremendous growth in order to meet the supply chain demand. As a result, a handful of areas of Houston have seen larger growth than others – simply because of the availability of land and infrastructure. As these new industrial buildings emerge in the Greater Houston area, we’re noticing specific trends follow. West Houston…
What’s Happening in the Current Houston Office Market?
Increased Momentum Surges Q4 The office space momentum in Houston for the fourth quarter 2021 is showing some signs of movement for office tenants, over and beyond movement from the prior three quarters of the year. This seems to be limited to tenants who have strategic needs, but the fluidity of leasing conversations are certainly on the rise as we near year-end. While stats for this quarter have yet to be determined, what seems to…