REBusinessOnline

Residential Development Nears Cyclical Peak Across RGV Markets

By Brad Frisby, director of land acquisitions, Rhodes Enterprises Demand for housing of all types continues to outpace supply in the Rio Grande Valley (RGV), and developers’ best efforts to add much-needed product throughout the region appear to be reaching a crescendo. Like the rest of the country, residential development in the RGV has been stymied and exacerbated by global supply chain disruption over the last year. Nor have developers in the region been spared from the pricing …

Rio Grande Valley Retail Market Sees No Shortage of Demand from National Brands

By Randy Summers, vice president, CCIM, CPM, Davis Equity Realty “Y’all come” is the message being sent to developers, retailers, franchisees, quick-service restaurants, corporations and manufacturers from the Rio Grande Valley (RGV) region of Texas — and all these users seem to be heeding the call.  The local economy seems to be hitting on all cylinders, albeit with constraints on labor and supplies, as well as rising costs. The four counties that statistically make up the RGV — …

Major Texas Office Markets Rebound in Varying Degrees, Exhibit Flight to Quality

Interviews by Taylor WilliamsThe office markets of the major Texas cities have always been birds of different feathers, built to accommodate drastically different types of users and disproportionately subject to broader swings in occupancy and rent growth.Dallas-Fort Worth (DFW) remains the king of corporate relocations and regional consolidations, and the metroplex’s office market benefits from the highest degree of diversity among users, an attribute that has ushered it through the …

Developers Find Creative Ways to Meet Demand in Thriving El Paso Retail Market

By Andy Moreno, director of operations, MIMCO; and McGee Sauls, senior vice president, MIMCOHistorically, the El Paso market has often been overlooked, primarily due to its distance from other major Texas markets. However, that sentiment is shifting rapidly due to strong economic and population growth.While an accurate figure is difficult to pin down, the number of new entries and expanding franchises within the market has exploded in recent years. “As recently as 2015, national and …

Will the Hot Streak Continue for El Paso’s Multifamily Market?

By Jack Stone, senior director of investments, GreysteelIt seems like every month there’s a new sales record being broken in the El Paso multifamily market. But with interest rates officially rising, how long will that streak last?El Paso has been on a tear. Greysteel has sold roughly 4,000 units there in the past 36 months. That’s an impressive number, but it’s not a surprising one. Between 2012 and 2014, roughly 20 properties over 25 units traded in El Paso. That number …

El Paso Industrial Market: The Birth of The ‘Borderplex’

By Josh Meredith, director of development, VanTrust Real EstateSharing a 2,000-mile border, Mexico and the United States trade over $500 billion worth of goods and services each year, representing our country’s second-largest trade partnership.Impressively, over 20 percent of this exchange travels through the El Paso, Texas, port of entry, according to the Texas Comptroller of Public Accounts. This movement has deemed the El Paso/Ciudad Juarez (Mexico) region as one of the most …

What’s New With Industrial Deals in Texas?

With each year that passes in the current cycle, industrial real estate, along with multifamily, becomes more deeply ingrained as a darling asset class among commercial developers, lenders and investors. For all the talk about Americans being social creatures, there remains a massive contingent of the population that, when it comes to shopping, overwhelmingly prefers the convenience and relative anonymity of e-commerce. What started out as pandemic-related justifications for buying goods …

Texas Multifamily Developers Carefully Scrutinize Product Types

By Taylor Williams From sprawling garden-style complexes in the suburbs to wrap-style construction and high-rise buildings in the urban core, multifamily properties come in many shapes and sizes. And in Texas, all of these product types are in high demand.  Consequently, developers have generally seen healthy paces of rent growth over the last decade. But with each year of cyclical maturation, land becomes more scarce, construction grows more costly and more communities come on line, making …

San Antonio Retail Market: The Beat Goes On

By Steve Monroe, CCIM, San Antonio market manager, Oldham Goodwin The past year has seen steady improvement in the key performance metrics of the San Antonio retail market.  Two years ago, participants in the retail sector, both local and national, were understandably preoccupied with questions about how the COVID-19 pandemic would impact retailers and owners of retail properties. The shift toward online shopping had begun several years earlier, and there was great fear that the pandemic …

San Antonio’s Multifamily Market Is Finally Getting the Attention It Deserves

By Tim Harris, vice president of multifamily development, Rosewood Property Co. San Antonio’s multifamily market is realizing its own potential. New nodes of development are emerging, and new projects are meeting pent-up demand for higher-quality renter experiences.  Today, developers are building multifamily projects that they wouldn’t have considered five or 10 years ago. They’re no longer stuck in their comfort zones, afraid to venture into new submarkets. And they’re no longer …




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‣ Lee & Associates
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