REBusinessOnline

Redevelopment Defined Fort Worth Retail Market in 2018

2018 was a year of redevelopment, adjustment and correction for the Fort Worth retail market. Some real estate professionals believe this activity was the result of the collective, pent-up demand among quality retailers for a store presence in Fort Worth. Some believed they that could duplicate the atmosphere created by The Domain, a 1.2 million-square-foot mixed-use destination in Austin that has achieved tremendous success. [caption id="attachment_222027" align="alignright" width="100"] …

Quality of Labor, Land Availability Buoy Fort Worth Industrial Market

The DFW industrial market has enjoyed unprecedented growth over this seven-year development cycle.  The market has added approximately 118 million square feet of industrial inventory over that period and absorbed 143 million square feet. Population growth in the Dallas-Fort Worth (DFW) metroplex, the state of Texas and the south-central U.S. region, as well as growth in e-commerce, are the primary tailwinds propelling this extraordinary growth. [caption id="attachment_222021" …

Why Arlington Should Be on Every Multifamily Developers’ Radar

Our borrowers’ favorite question is, “Where should we build next?” As a lender specializing in financing Texas apartment communities, it’s hard to get the answer wrong. Our state is full of cities adding jobs and people at faster rates than the nation as a whole. As we drill down to help our clients differentiate between “good markets” and “good opportunities,” we focus on several factors including the current rental market, supply and demand and location. When considering …

E-Commerce, Distribution Users Spar for Labor

Industrial users in Texas, particularly e-commerce firms operating out of large-format distribution centers, are finding it harder and harder to staff their facilities with experienced, talented workers.  Development of both speculative and build-to-suit warehouses and distribution centers has been on fire in major Texas markets over the last several years, driven by an abundance of land, exceptional infrastructure and climbing populations. According to CoStar Group, Dallas-Fort Worth’s …

New Year, New Entertainment

Entertainment concepts have long since adopted an “everything under one roof” approach that packages some combination of food, drink, movies, bowling, arcades and other games into a single destination. But competition in the space is growing, and owner-operators are facing mounting pressure to offer an ideal mix of activities that keeps people onsite longer and boosts return visits. What that combination is varies from market to market and even site to site. But without question, the …

Retail Landlords Aim to Connect on First Swing

Developers of new retail product in the e-commerce era face an array of roadblocks, from rising land and construction costs to heightened scrutiny from lenders on cash flows. Besides a larger economic downturn, in today’s Darwinian retail environment, nothing makes a new project fizzle or a stabilized center depreciate faster than lost income and occupancy brought on by an un-engaging, uninspiring tenant mix. Consequently, developers are devoting more of their budgets than they have in years …

Survey: Multifamily Metrics Will Cool in 2019

Multifamily properties have produced strong returns for commercial developers and investors over the past few years. But the apartment supply wave appears to have crested, suggesting 2019 will bring a slower pace of rent growth. Consequently, pricing levels should come down, cap rates should creep upward and returns on investment should cool. According to a report from commercial real estate research firm Yardi Matrix, America’s multifamily market experienced 3.1 percent annual rent growth …

Houston’s Industrial Vacancy, Supply of Developable Sites Dwindle

Industrial space throughout the Houston continues to be absorbed at an astonishing clip, pushing vacancy levels to some of their lowest points this cycle. [caption id="attachment_218010" align="alignright" width="100"] Matteson Hamilton, Stream Realty Partners[/caption] According to Stream’s data, the overall industrial vacancy rate in Houston closed the third quarter at 4.9 percent. Vacancy rates in the six major Houston submarkets are all below 7 percent for the first time since …

Market Fundamentals Show Houston Can Absorb New Retail Space

As e-commerce continues to challenge the growth, evolution and resilience of retail, brokers in Houston have reason to be optimistic about leasing velocity and absorption in the coming months, even as new construction floods the market. [caption id="attachment_218004" align="alignright" width="100"] Jeff Tinsley, The J. Beard Real Estate Co.[/caption] There’s no denying that in the past several years, the retail industry has experienced a shakeup. The move to online shopping has spared …

Strong Fundamentals, Opportunity Zone Laws Define Houston Multifamily Market

Houston continues its trajectory as an exemplary market with strong multifamily fundamentals that continue to attract large-scale investment nationwide. The positive trends of strong job growth and sustained apartment demand are forecast to hold thanks to a confluence of factors. [caption id="attachment_217991" align="alignright" width="100"] Ryan Epstein, Berkadia[/caption] To better understand the dynamics shaping Houston’s multifamily market, it is important to look closely at …

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