The U.S. industrial vacancy rate increased by 40 basis points in the second quarter, reaching 6.1%, the highest level in nine years, according to the latest research from Cushman & Wakefield. Despite this rise in vacancy, though, industrial absorption doubled in the second quarter, with 46.3 million square feet of space taken off the market, a […]
CRE News
Bad news for a formerly booming sector: U.S. industrial vacancy rates rise to highest level in nine years
Cushman & Wakefield closes 211,087-square-foot office in Dallas’ Santander Tower
Cushman & Wakefield arranged a 211,087-square-foot office lease renewal for Santander Consumer USA at 1601 Elm St., also known as Santander Tower, in Dallas. This marks the largest office lease renewal in Dallas this year and largest in downtown Dallas in the past five years. As part of the lease renewal, Santander will retain their current […]
Adolfson & Peterson Construction wraps construction on Potter County courts building in Amarillo
Adolfson & Peterson Construction completed construction on the five-story, 158,250-square-foot Potter County District Courts Building in Amarillo, Texas. Designed by HOK Group Inc., the new courthouse includes courtrooms, a jury assembly, county offices, courtroom in-custody holding and records storage. Additional amenities feature security enhancements including separate sheriff’s access with a vehicle sally port for security and […]
Colliers brokers 10,355-square-foot lease at Texas retail center
Colliers brokered a lease of10,355 square feet for AA Gymnastics Academy at Baywood Plaza Shopping Center at 3226 FM 528 in Friendswood, Texas. The landlord, MDDS Properties, was represented by Kelly Hutchinson of Colliers. The property is within Houston’s Southeast Outlier retail submarket, which contains 14.7 million square feet of retail inventory and is currently 96.2% occupied. […]
Networking
The numbers don’t lie: Construction, absorption both falling in U.S. industrial market
Need further proof that demand in the once red-hot U.S. industrial market has slowed? In its most recent market snapshot, Savills reports that the country’s industrial sector saw 45.5 million square feet of absorption in the second quarter. That’s down nearly 30 million square feet from a year ago. According to Savills’ numbers, the United States saw […]
Alan Curry promoted to Managing Director of Pre-Construction Services at Spring Valley Construction Company
Spring Valley Construction Company (SVCC) is honored to announce the promotion of Alan Curry to Managing Director of Pre-Construction Services. Since joining SVCC in 2004, Curry has been a proven leader and mentor to both our estimating and project management staff. He has demonstrated immense dedication to his projects while strengthening relationships with clients and […]
Huntley Luna promoted to Senior Vice President at Henry S. Miller Company
Henry S. Miller Brokerage proudly announces the promotion of Huntley Luna to Senior Vice President within the Industrial and Office Division. With over 17 years of real estate expertise, Huntley Luna excels in both the acquisition and disposition of properties, along with landlord and tenant representation. His specialization spans industrial, flex, office, and investment properties, […]
Chris Hanslik, chair at Coalition for the Homeless of Houston/Harris County (CFTH)
The Coalition for the Homeless of Houston/Harris County (CFTH) proudly announces BoyarMiller’s Firm Chairman, Chris Hanslik, as the new Chair of the organization’s Board of Directors. Chris joined the Board in 2021 and has served as Vice-Chair for the past two years. Chris’ leadership experience and passion will benefit CFTH and the community. CFTH is […]
Preston Young, recognized at Stream Realty Partners
As National Head of Investor Services at Stream, Preston Young has elevated the firm’s profile to nearly 500 MSF in 15+ markets. His success stems from a culture of collaboration, innovation and grit. His teams represent top institutional, private and corporate CRE owners. Preston launched initiatives like the Ambassadors Program and Stream Innovation Council to […]