National Construction Outlook
San Antonio: Retail Market Stays Afloat Amid Rough Economic Seas
After moving at break-neck speed — and garnering record-breaking rents — San Antonio’s retail market has slowed. But slowed doesn’t mean dead. Case in point: The local real estate sector finished 2009 squarely in the black — absorbing more than half a million square feet over the year. The caveat: Over the 12 months of 2008, this same market absorbed some 2.7 million square feet of space. Full Story
Jacksonville: Projects On Hold Waiting For Change In Market Conditions
At the height of the real estate market, projects that promised to bring high-end swagger to Jacksonville, were announced with great fanfare. Today, some stand half-built, a silent reminder of a more robust real estate market. Some are still on the drawing board and others have been abandoned. Full Story
Houston: Local Market Expected to Stabilize by End Of 2010
The Industrial Leasing Guide for spring 2010 represents about 450 properties with available industrial space and includes existing, under-construction and proposed buildings. This space is offered either directly from the landlord or from a sublessor, with either current availability or move-in within the near future. The properties are classified within four space types: flex/service center, warehouse/distribution, manufacturing, and high-tech/research and development. Full Story
Nashville: Office Tenants Turn to Industrial ‘Flex Space’ to Cut Costs on Leasing
It can be important for some office tenants to have 17th-floor space with panoramic views. A more pressing concern for most users, however, is reducing costs, an inspiration that’s leading some traditional office tenants to service center space (also called flex space or office showroom space) in quasi-industrial areas. Full Story
Tampa Bay: Real Estate Companies Could Continue Joining Forces In 2010
Real estate prospects may have dried up, but that hasn’t stopped deals from closing — not for homes or commercial property, but for brokerage firms. The number of companies in the Tampa Bay area dealing with residential and commercial real estate has fallen sharply since the boom. While some simply closed, others found new life through partnerships or acquisitions by larger or better-capitalized firms. Several trends are fanning the M&A flames, and 2010 could see even more consolidation. Full Story
San Francisco: Deals Aren’t Impossible, Just Much Harder To Close
A tough economy hasn’t completely killed commercial real estate deals, but has made them much harder to close. Longtime Oakland developer John Protopappas of Madison Park Financial Corp. was able to secure a loan to buy 901 Jefferson St. in Oakland, a 75-unit building in Oakland, but efforts to land construction loans for new projects have hit roadblocks. Full Story
< Previous Article |
Next Article >
[return to top]
|
