Dr. Mark G. Dotzour, Real Estate Economist Presents “Economic Rollercoaster: Finding Opportunity During a Bumpy Ride” April 7th

Complimentary REDnews Webinar: Tuesday, April 7, 2020, 1 PM – 2 PM CST

Topics:
Fed Stimulus – -The Boost We Needed?
Does Printing Money Mean Inflation?
COVID-19 and Stimulus Effect On Interest Rates
Where Are Cap Rates Headed?
Will This Be Another Jobless Recovery?
COVID-19 Effect On GDP in US and Globally

Dr. Dotzour is a real estate economist who served for 18 years as Chief Economist of the Real Estate Center at Texas A&M University in College Station. He has given more than 1,600 presentations to more than 295,000 people and has written over 90 articles for magazines and journals. His research findings have appeared in the Wall Street Journal, USA Today, Money Magazine, and Business Week. Todd Phillips, CFO, RE Journals will moderate, bringing his experience with the commercial real estate to the table. Complimentary Registration.

This webinar is one of the 2020 National Series Webinars hosted by REDnews / RE Journals.

A Renaissance Man

Hundreds of Houston real estate professionals gathered at the Briar Club on March 12 for the inaugural REDnews Awards, highlighting the best and brightest of our industry. You can check out the full list of finalists and winners on page 13, but the most significant award of the night went to John Walsh. We honored him with the Lifetime Achievement Award for his decades of service to the Houston community. “I really wasn’t surprised because John has not only been successful, but it’s so well-deserved,” said longtime friend Howard Tellepsen, CEO of Tellepsen Builders. He and Walsh go back 50 years when the two attended Lamar High School together. “He’s very understated. He’s very humble. I’m just so proud that he is receiving this lifetime achievement award,” Tellepsen said. “I saw these characteristics of John in high school.” The pair graduated in 1962, going their separate ways. Walsh attended the University of Texas for undergrad, then received his MBA from the University of Houston before helping form Exxon’s real estate subsidiary, Friendswood Development. Click to read more at www.rednews.com.

Three National Tenants Opening in Valley Ranch Town Center: Smoothie King Open Sunday, March 8th

FOR IMMEDIATE RELEASE
Media Contacts:
Lauren Bevilacqua | The Signorelli Company
lbevilacqua@signorellicompany.com | 713-452-1700

NEW CANEY, TEXAS (March 5, 2020) The Signorelli Company, the award-winning developer of the Valley Ranch master-planned community, is thrilled to announce Smoothie King officially opens its doors this Sunday, March 8th at Valley Ranch Town Center. Located at 12029 N. Grand Parkway E, Suite 120 in New Caney, Texas, Smoothie King will be offering their expertly blended smoothies filled with nutritious ingredients to promote a healthy and active lifestyle. The public is invited to attend a Grand Opening Celebration on March 21st from 9 am to 4 pm. Guests will sample menu offerings, enter to win prizes throughout the day, and 20 lucky winners will win smoothies for a year.

Joining Smoothie King at the Valley Ranch Town Center this summer are MOD Pizza, a quick-serve artisan-style pizza and salad experience, and America’s Best Contacts & Eyeglasses, discount eyewear, and eye examination provider. These retailers will join over 50 existing customer shopping and dining destinations in Valley Ranch, a 1,400-acre mixed-use master-planned community at the rapidly growing intersection of the Grand Parkway and I-69N.

“We are excited for the new restaurants and shopping options we are bringing to the Valley Ranch Town Center this year,” said Brody Farris, Vice President of Retail for The Signorelli Company. “Valley Ranch is located at the fastest growing and most dynamic intersection in our area, and we look forward to sharing more of what is in store in 2020.”

Valley Ranch is planned to offer over 12 million sq. ft of dining, shopping, entertainment, health and wellness, office, hospitality and multi-family opportunities surrounding 240 acres of parks, trails, and lakes. At the heart of the community is the 240-acre Valley Ranch Town Center anchored by Kroger, Academy, Hobby Lobby, TJ Maxx, Ross, offering 850,000 sq. ft of additional restaurants, retail, entertainment, and multifamily opportunities. Upon completion, Valley Ranch Town Center will feature over 1.5 million sq. ft of customer shopping experiences.

Sluco Realty broker, Greg Slusky represented Smoothie King franchisee, Warren Alberty, and The Signorelli Company was represented by Brody Farris in this deal.

For more information, visit //www.shopvrtc.com/smoothieking.
Chris Reyes, broker for Shop Companies is representing MOD Pizza, and Blair Golden, broker for Evergreen Commercial Realty is representing America’s Best Contacts & Eyeglasses in these deals. The Signorelli Company is represented by Brody Farris. For more information, visit //www.shopvrtc.com.

Valley Ranch
Valley Ranch is a 1,400-acre master-planned community in New Caney, TX. Since 1999, The Signorelli Company has developed more than 600 acres and delivered over 1,500 single-family homes, 800,000 square feet of restaurants and retail, approximately 750 apartment units, nearly 300 acres of lakes, parks, trails, and green space, along with civic components including New Caney ISD’s 8,500 seat stadium, a 35,000 square-foot natatorium and little league baseball fields, all adding a significant community draw to the Valley Ranch Town Center retail component of the community. For more information about Valley Ranch, visit www.valley-ranch.com.

The Signorelli Company
For more than twenty-five years, The Signorelli Company, founded by Daniel Signorelli, has developed and built the finest places where families can live, work, shop and play. Diversified in all aspects of real estate, from single-family and multi-family to retail, commercial, recreational properties, land development, and mixed-use projects, The Signorelli Company is recognized as a leader in Texas and Oklahoma and is one of the largest privately held development companies in the State of Texas. The company is headquartered in The Woodlands, TX. For more information about The Signorelli Company, visit www.signorellicompany.com.

Hines Promotes Laura Hines-Pierce to Senior Managing Director – Office Of The CEO

(HOUSTON) – Hines, the international real estate firm, is pleased to announce that Laura Hines-Pierce has been promoted to Senior Managing Director – Office of the CEO, effective immediately. In this role, she will work alongside President and CEO Jeff Hines to help shape firmwide strategy, manage key risks and ensure Hines is consistently on the leading edge of being the best real estate investor, partner and manager in the world. Jeff Hines said, “The Office of the CEO was established in 2018 to ensure that the third generation of our family successfully carries the Hines baton well into the future and continues to champion our values, safeguard our culture and support our global workforce in pursuit of our vision. I look forward to working with my eldest daughter in continuing to drive the company to new heights in all of its disciplines.” Click to read more at www.hines.com.

Texas A&M makes $546 million investment in Texas Medical Center

HOUSTON, Tex. (KBTX) – The Texas A&M University System is making a half-billion-dollar investment in Houston’s Texas Medical Center to house their Engineering Medicine program. The announcement was made Thursday in Houston. Their project includes renovating an 18-story building and constructing two additional towers to house students and medical offices. The Engineering Medicine program, or EnMed, allows students to complete the requirements for master’s degrees in engineering and doctorates of medicine, while also being required to invent new devices or processes before they graduate. Texas A&M University System Chancellor John Sharp says EnMed will bring Aggie ingenuity to the medical center. Click to read more at www.kbtx.com.

Cushman & Wakefield Acquires Colvill Office Properties in Houston

For Immediate Release

Cushman & Wakefield Acquires Colvill Office Properties in Houston

HOUSTON, Feb. 19, 2019 — Cushman & Wakefield announced today that the firm has acquired Colvill Office Properties, a leading provider of office agency leasing services in Houston. Colvill Office Properties currently directs leasing and marketing efforts for 17 million square feet of Class-A office space in Houston. “As one of the five largest metro areas in the U.S., Houston remains a critically important market for Cushman & Wakefield,” said Andrew McDonald, President of Cushman & Wakefield’s West Region. “Providing our clients with the most respected and accomplished office agency in Houston complements our investor services platform significantly in Texas. The Colvill team has a proven track record of creating exceptional value for their clients and shares our commitment to collaboration and innovation.” The Colvill Office Properties team has more than 130 collective years of experience and is a four-time recipient of the Owner’s Representative of the Year award as voted by the Houston Office Leasing Broker’s Association (HOLBA). The Colvill current portfolio includes more than 30 individual properties in the CBD, Energy Corridor/Katy Freeway, Galleria/Uptown, Westchase, West Belt, Springwoods and Inner Loop submarkets. “We could not be more thrilled to join one of the world’s pre-eminent commercial real estate firms,” said Chip Colvill, the founder and former president/CEO of Colvill Office Properties, who joins Cushman & Wakefield as Executive Vice Chairman. Click here to read more at www.bizjournals.com.