November 8, 2024 (Houston) – The Houston office market has witnessed a notable shift as businesses increasingly look beyond the city’s urban core to suburban submarkets like The Woodlands and Cypress. This shift has been driven by evolving business needs, lifestyle preferences, and strategic growth considerations that are transforming how companies approach their leasing decisions. As suburban submarkets, offering premier office space has emerged as attractive alternatives to downtown spaces for various reasons. These areas…
Rising Treasury Rates Amid Fed Cuts and Their Impact on Commercial Real Estate Lending
October 17, 2024 (HOUSTON) – Recent trends have shown a surprising rise in U.S. Treasury yields, even as the Federal Reserve has paused or cut interest rates. The benchmark 10-year Treasury yield recently climbed to its highest levels in over a decade, driven by various factors such as inflation concerns, high government debt issuance, and expectations of sustained economic growth. This shift has important implications for commercial real estate (CRE) lending, which relies heavily on…
LEE & ASSOCIATES – HOUSTON GAINS LAND AND RETAIL LEADER, BRANDI DEES
October 15, 2024 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, is excited to announce the strategic addition of Brandi Dees as Senior Director, specializing in retail and land transactions for corporate national clients. For more than 20 years, Dees has focused on corporate acquisitions and dispositions, tenant representation and land transactions by managing the entire real estate process. Notable national tenants include Five Guys Burgers, Jack in…
LEE & ASSOCIATES – HOUSTON SEALS THE DEAL ON THE SALE OF 38 ACRES IN SOUTHEAST HOUSTON
September 26, 2024 (HOUSTON) – Lee & Associates – Houston is pleased to announce the successful closing of a 38-acre tract in Southeast Houston. The transaction was expertly handled by Principals C.E. “Trey” Erwin III, SIOR and Justin Tunnell, SIOR who represented the seller.Conveniently located off Haden Road near Interstate 10, this land offers easy access to both the Barbours Cut and Bayport Container Terminals. Its proximity to key infrastructure and major transportation hubs significantly…
Underutilized Office Building Parking Garage Rooftops Create New Value-Add Opportunities for Landlords
September 19, 2024 (HOUSTON) – In the evolving office markets of major U.S. cities, where daily foot traffic has decreased, property owners are increasingly focused on maximizing and monetizing every building’s amenity potential and opportunities for revenue. Lee & Associates Houston’s office division has observed this trend through their client conversations and surveys of the competitive market. This shift has inspired innovative repurposing, especially in revitalizing the underutilized rooftops of parking structures. As parking demand…
LEE & ASSOCIATES – HOUSTON COMPLETES LANDMARK INDUSTRIAL OUTDOOR STORAGE TRANSACTION
September 17, 2024 (HOUSTON) – Lee & Associates – Houston successfully completed one of the largest Industrial Outdoor Storage (IOS) transactions in the city’s history. The sale involved a 194,000-square-foot truck terminal on 17 paved acres at 2222 North Wayside Drive in Northeast Houston. Increased demand for IOS properties fueled intense competition for this valuable asset. The deal was facilitated by Lee & Associates brokers C.E. “Trey” Erwin III and Josh Carl, and acquired by…
LEE & ASSOCIATES – HOUSTON MERGES WITH COMMERCIAL RESOURCE CAPITAL
August 8, 2024 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, has expanded its service offerings to include financial advisory and investment brokerage, with the acquisition of Commercial Resource Capital (CRC), a full-service mortgage banking and real estate investment services company based in Houston. “By integrating CRC’s expertise in capital markets and investment brokerage, Lee & Associates – Houston is poised to offer a more comprehensive suite of…
LEE & ASSOCIATES – HOUSTON: LEASE OF 15550 EXPORT PLAZA DR., HOUSTON
April 24, 2024 (HOUSTON) – Lee & Associates – Houston is excited to announce the successful completion of an Industrial Outdoor Storage (IOS) lease spanning 27,800 square feet on 7.6 paved acres at 15550 Export Plaza Drive. Situated strategically near Bush IAH and with convenient access to Beltway 8, this transload building stands out as a unique property in Houston’s sought-after North Submarket. C.E. “Trey” Erwin III, MBA|SIOR, Principal, and Josh Carl, Director, skillfully represented…
LEE & ASSOCIATES – HOUSTON: 26 ACRES OF LAND SOLD ON HIGHWAY 35 IN PEARLAND, TX
May 1, 2024 (HOUSTON) – Lee & Associates – Houston is pleased to announce the successful sale of 26 acres of commercial land located alongside Highway 35 South in Pearland, Texas. Richard Glass, SIOR, Principal at Lee & Associates – Houston represented the seller, Lucas Properties and Investments, LLC. Craig Bean of Transwestern represented the buyer, PIBP, LLC. About Lee & Associates – Houston Lee & Associates – Houston is a fully-integrated commercial real estate…