January 27, 2023 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces more than 167,000 square feet of space available at 814 FM 1489 in Brookshire, Texas. Robert McGee, SIOR, principal, Taylor Schmidt, SIOR, CCIM, principal, and Austin Bartula, associate, are managing the leasing of the building. Growth Capital Partners (GCP), the Birmingham-based private real estate investment company, and Houston-based developer Phelan-Bennett completed Westside 10 Industrial Park for…
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…
Lee & Associates – Houston Partners with Level X Group to Lease Iconic Galleria Building
Prime location and ample opportunities at 2100 West Loop South. October 2022 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, and Level X Group, LLC (LXG), a full-service private equity and real estate development firm, are pleased to announce new leasing opportunities at the 16-story property, 2100 West Loop South. With 59,256 square feet available, the prime location between San Felipe and Westheimer offers future tenants easy on…
35 South Capital and Lee & Associates – Houston Announce Joint Venture on Houston’s Booming West Side
July 27, 2022 (HOUSTON) – 35 South Capital and Lee & Associates – Houston have announced the acquisition of 10497 Town and Country Way, a 150,000-square-foot Class A office building on Houston’s west side less than a quarter mile from the bustling Memorial City and CityCentre mixed-use districts. The property will house both companies, with Lee & Associates – Houston overseeing the leasing and property management. Both 35 South Capital and Lee & Associates –…
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 Expands Team Hiring Two Colliers Professionals
Two Seasoned Senior Directors Join Firm April 2022 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces Bill Insull, CCIM, and Blake R. Virgilio, SIOR, CCIM, have joined its Agency Leasing brokerage team. Both will serve as Senior Directors strengthening Lee & Associates’ office team. Together the pair brings with them 1.5 million square feet across multiple assets, strengthening Lee’s growing office portfolio. Insull brings more than…