Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces its newest addition to the tenant representation team, Ross James, senior director. Formerly vice president at Jackson Cooksey/Newmark Knight Frank and managing principal at Leverage Commercial, James specializes in tenant representation for clients across various industries such as oil field services, engineering, technology, legal, medical, manufacturing and distribution. “As we close out 2019 with another record-setting year of growth in brokers…
Micro Hospitals and Health Care Facilities Opening Within Houston Retail Strips
By Daniel Wyatt, associate, Lee & Associates – Houston As you drive across Houston, you’re bound to see plenty of retail strip malls, once booming with tenants, now sitting empty awaiting new life. It’s a common sight nowadays, as e-commerce has played a huge role in changing the retail landscape seemingly forevermore. Commercial real estate (CRE) brokers have a positive outlook on how these idle spaces can be repurposed moving forward. Micro hospitals and health…
Houston Industrial Market: Smaller Product Struggles, Big Distribution Thrives
Robert McGee, SIOR, Principal, Lee & Associates – Houston All the recent talk in the Houston industrial market has focused on the amount of distribution space that is under construction or proposed for development. As a result, many industrial real estate professionals are worried about certain submarkets becoming overbuilt. This is a reasonable thought, given that Houston has more distribution space under construction than ever before – roughly 18 million square feet is under construction…
Lee & Associates – Houston: WeekLEE Transactions
Reed Vestal, SIOR, CCIM, Taylor Schmidt, SIOR, CCIM and John Erck of Lee & Associates – Houston represented Kyle’s Pelagic Playground, LLC in the purchase of 10 acres at 2655 Church Road in Brookshire, Texas. Lee & Associates – Houston represented Bat Hawk Investments Group, LP. in the sale of 15.70 acres on Highway 99 in Baytown, Texas. Robert McGee, SIOR, Thomas Leger, SIOR, Chase Cribbs and Josh Cheatham represented the seller, and Jaime Black…
Lee & Associates – Houston’s Taylor Schmidt & Reed Vestal Receive Circle Of Excellence Award
NOV. 7, 2019 (HOUSTON) – Lee & Associates – Houston’s Principal’s Taylor Schmidt and Reed Vestal received the Circle of Excellence Award for Land at the annual Lee & Associates 2019 Broker Summit in Las Vegas. This award recognizes top brokers across Lee & Associates’ national offices for highest production numbers in their specialty for 2018. Jeffrey Rinkov, Lee & Associates’ CEO, presented the awards and recognized the duo as the Top Land Team nationwide this past…
The Future of Coworking Spaces and Landlords
By Robert LaCoure, Principal, Lee & Associates – Houston The coworking phenomenon has certainly disrupted the commercial real estate (CRE) market over the last few years, as well as changed the way we perceive office space. With a possible economic downturn looming around the corner, the question of how the coworking trend will be affected has become a common discussion among CRE professionals and office building landlords. Over 70% of economists are predicting another recession…
Top 6 Mistakes Buyers Make
By Preston Yaggi, SIOR, CCIM, Principal at Lee & Associates – Houston Think you know enough to handle it all? Before embarking on your own, here are six common mistakes commercial real estate buyers make when purchasing a property. Not using a broker: Knowing the market is not as easy as it’s perceived. It’s important to know that you are getting the right deal and the right fit for your business. Hiring a qualified broker…
How Houston’s Public Transportation and Traffic Issues Affect Tenants
Q&A with Jill Nesloney, director, Lee & Associates – Houston Houston is notorious for undesirable traffic issues, infinite construction woes and the need for accessible public transportation throughout the city. Spanning 665 square miles, Houston’s vast space has a large impact on tenants and their employees. When deciding where a tenant should locate, traffic levels and easy access to public transportation are certainly strong items to consider. With experience in all of Houston’s submarkets for…
Speculative Development Leased in Growing Market with Limited Inventory
Clint Hankla of Lee & Associates – Houston represented Houston PFG on a 29,350 SF office-warehouse lease across three buildings in north Houston’s growing market with limited inventory.