Category: US/Texas CRE News

Commercial Real Estate Affiliate Network Is Pleased To Announce A New Affiliate In Texas

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LOS ANGELES, Nov. 9, 2021 /PRNewswire/ — Commercial Real Estate Affiliate Network announced today that Henry S. Miller Co. Inc signed as the new affiliate in Texas.

Henry S. Miller is a full-service Commercial Real Estate firm based in Dallas, TX since 1914. They also have regional offices in Houston and San Antonio. The firm provides commercial real estate services to investors, property managers, and developers throughout the state of Texas and parts of Oklahoma.

Executive VP of Henry S. Miller, Darrell Hurmis said “We are excited to be a part of the Commercial Real Estate Affiliate Network. It is wonderful that now we will be able to help our clients with their needs in other states and countries.”

With years of real estate experience, CEO George Pino said “Having a company like Henry S. Miller as a part of the Affiliate Network will allow our members to work more efficiently and give them access to one of the hottest markets in the United States, with the advantage of market expertise and operational excellence from a company that has over 100 years of experience in this market. We look forward to a long and prosperous relationship.” Click to read more at www.prnewswire.com.

Invested in Industrial

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The industrial sector powered through the worst of the pandemic without missing a step — and the outperformance of the sector has only served to stoke investor demand with robust transaction volume and rising property prices.

“Spreads over U.S. benchmark rates continue to be at high levels by historic standards, which will continue to drive capital into the sector,” says Dennis Mitchell, CCIM, senior managing director JLL Capital Markets in Atlanta. “Additionally, property fundamentals remain strong as demand continues to outpace supply by a wide margin. Due to these tailwinds, we expect investor interest for industrial assets to continue to remain strong.”

Industrial sales during the first half of 2021 reached $51.9 billion — 10 percent higher than the same period in 2020 and 26 percent above the $38.4 billion in sales recorded during the first half of 2019, according to Real Capital Analytics. Anecdotally, the story is much the same. In Chicago, year-to-date sales through July are tracking about the same or higher than pre-pandemic periods in 2017, 2018, and 2019. “That further proves that industrial continues to perform well despite the challenges of the pandemic, and we think the second half of the year will continue on that same trajectory and finish very strong,” says Adam Marshall, CCIM, SIOR, a senior managing director in the Chicago office of Newmark. Click to read more at www.ccim.com.

Limestone Commercial Merges with SVN | J.Beard Real Estate Greater Houston

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November 9, 2021, Houston, Texas The Limestone Commercial Real Estate brokerage group has recently joined with SVN | J. Beard Real Estate – Greater Houston, which is a part of the globally-recognized commercial real estate entity SVN International Corp.®.

Limestone founder Brandi McDonald Sikes will serve as Senior Advisor and Principal in the Houston office, working with Jeff Beard, CCIM, Managing Director of SVN | J. Beard Real Estate – Greater Houston.

In the last four years, McDonald Sikes and her team closed $414M in transaction volume, totaling 1.5M+ square feet, including the corporate relocation of Marathon Oil under her leadership.

Limestone was recently awarded the office leasing for Midway’s East River development. The premier 150-acre waterfront property provides innovative office space, curated retail and programmed spaces in a pedestrian environment with outdoor connections to more than a mile of bayou trails and natural areas in Houston’s historic Fifth Ward.

Prior to founding Limestone in 2017, McDonald Sikes served in several executive roles with some of the industry’s largest commercial real estate firms. She is an award-winning and respected industry expert to her clients and allies, as well as an in-demand speaker within the professional community.

McDonald Sikes and Beard are long-time colleagues in the commercial real estate industry. They share a passion for building collaborative, diverse and inclusive environments with shared core values in order to deliver across comprehensive real estate service lines.

“We are so excited for Brandi and her team to join forces with us,” said Beard. “Brandi is a proven leader and fixture in our commercial real estate industry. I could not think of a better person to help jumpstart SVN J Beard Real Estate – Greater Houston.”

SVN is a Boston-based, globally-recognized commercial real estate brand that is hyper-focused on creating value with their clients, colleagues and communities across their 200+ offices worldwide.

McDonald Sikes added, “I am proud to be a part of this solid, service alliance. It showcases the best of both worlds, as I’ve experienced serving clients from both larger and smaller organizations. Through it, we will be able to continue to provide the boutique-style service that Limestone and J. Beard are known for. However, we will now access SVN’s resources to empower our people to create amazing value for our clients and serve beyond the transaction. This is the perfect time to leverage up as we expand Houston’s corporate core to the east side and celebrate the completion of Marathon Oil Tower on the west.”

ABOUT SVN | J. BEARD REAL ESTATE – GREATER HOUSTON

Based in The Woodlands, Texas, SVN | J. Beard Real Estate – Greater Houston is among the largest commercial real estate firms in greater Houston, coming in at No. 14 on the 2021 Houston Business Journal’s list of largest firms by total number of local professionals. In 2020, the company had 27 licensed professionals in Houston. For more information, visit www.jbeardcompany.com.

ABOUT SVN

The SVN® organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues, and our communities. The SVN® brand is comprised of over 1,620 Advisors and staff in more than 200 offices across the globe in six countries. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create amazing value with our clients, colleagues, and communities. For more information, visit www.svn.com.

What Does ESG Mean For Developers?

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Here it goes: The real estate industry is one of the top industries to blame for climate change and its mounting toll worldwide.

No matter your political bent or views on climate change, in the real estate business, the environment is about to become much more important to your bottom line.

The conclusion here about climate change isn’t a conspiracy theory or an attempt to shame developers. Rather, it is the consensus of more than 2,000 top real estate minds across North America expressed in the 2022 version of the Emerging Trends in Real Estate report.

Published annually by the Urban Land Institute (“ULI”) and PricewaterhouseCoopers, Emerging Trends is a comprehensive forecast for the real estate market and offers predictions about the forces experts say will drive development in the year ahead.

This latest report details COVID-19’s impacts on remote work and living arrangements, how cities are evolving, technology’s influence on the real estate market, and the financial implications of everything from job and income growth to interest rates and inflation. Click to read more at www.dmagazine.com.

CONTI Capital Launches $150M Real Estate Fund

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DALLAS, Nov. 2, 2021 /PRNewswire/ — CONTI Capital, a real estate investment company with over $1.25B in transactions, has launched its fourth investment fund to raise $150 million for the acquisition of multifamily properties and the development of new vertical and horizontal rental housing.

CONTI’s RE High-Growth Fund IV offers accredited investors, wealth managers, and institutions the opportunity to diversify capital across a mix of multifamily assets and geographic markets. The Fund will seek a target return of 10-14% ROI with a 3–5-year hold period and is structured as a private offering for accredited investors under Rule 506(c) of Regulation D.

“The flexibility and diversity of our High-Growth Fund IV takes advantage of a range of both established and new multifamily properties,” says Carlos Vaz, founder and CEO of CONTI. “This approach allows us to adjust asset allocations as market conditions change, actively manage performance, and offer risk-adjusted returns for investors.” Click to read more at www.inforny.com.

Today’s Commercial Finance Market: My Father and Grandfather Would Not Recognize It!

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I have the unique privilege of being a third-generation banker. My grandfather started and ran a small savings and loan (“S&L”) in the western suburbs of Chicago. My father followed him into the S&L business and there were days when I would join him at work, handing out toasters and other gifts to those that opened new accounts. Occasionally, we’d go to homes with a rolling measuring tape to measure and appraise the land and house that the S&L provided a mortgage against. Companies in those days also got most of their financing from banks.

I have worked with many financial institutions during my career (at three leading banks) and have learned much over my decades helping companies refine strategy, raise capital, and think about how best to navigate their opportunities and challenges. One dominant theme that I have observed, and that has accelerated over the past decade and in particular over the past 24 months, has been in the “democratization of finance,” or DEFI. Click to read more at www.abladvisor.com.