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Pricing was above stability at $110 and way to low at $45. I see $55-$65 this year. The 80’s was an anomaly. The 2008-10 era is closer to what is happening today. Demand has not gone away! Supply will shrink via Shale shutting down by 50%. I remember the 80’s I was here and […]
HOUSTON (Colliers International) ~ January 14, 2015 ~Houston’s office market had 2.2 million sf of positive net absorption in fourth quarter 2014, bringing the year-end total to 6.8 million sf. Over 2.1 million sf of new inventory was delivered in the fourth quarter, bringing 2014 year-end delivered inventory to over 6.6 million sf. The city’s […]
HOUSTON (RealtyNewsReport.com) ~ January 8, 2015~The world’s largest manufacturer of heating, cooling and refrigerant products plans to build a four million-sf manufacturing and logistics campus on the city’s northwest side. Daikin Industries’ $417 million facility will employ 4,000 people. The Japanese company, which owns Goodman Global, will build the campus off US 290 about three […]
COLLEGE STATION (Real Estate Center) ~December 19, 2014~ The Texas housing market is poised to start 2015 off strong, says a housing market expert with the Real Estate Center at Texas A&M University. However, one key variable will impact the market in the second half of the year: oil. “Oil prices are the number one […]
HOUSTON (RealtyNewsReport.com) ~ December 12, 2014~ Downtown’s 1000 Main building has been purchased at the highest price in the Bayou City’s history. LaSalle Investment has agreed to pay $450 million for the property. The 36-story building is being bought for $537 per sf, surpassing the previous record of $524 per sf paid for Hess Tower […]