HBJ’s Largest Houston-area Commercial Property Owners List ranks companies by the amount of square feet owned in the Houston area. But The List would look quite different if it were ranked by the number of properties owned.
The top-ranked company on The List, Prologis, would fall to a No. 3 ranking, while No. 8, NewQuest Properties, would claim the top spot by more than 100 properties. Here’s the breakdown:
Read more at Houston Business Journal.
Dallas dropped a spot in the Paychex IHS Small Business Jobs Index, released every month, and now ranks No. 3 in the nation for small business job growth.
Only Seattle and Atlanta beat Dallas for U.S. cities with the highest growth. The only other Texas city to make the top 20 was Houston at No. 15 in the country. This is Dallas’ seventh consecutive month ranking in the top three, the study said, despite a year-long downward trend.
Read more at Dallas Business Journal.
Dallas, TX – June 29, 2016 – On Tuesday, June 28, the International Building Owners and Managers Association (BOMA) honored its top buildings and employees at the BOMA International TOBY Awards Program & Banquet in Washington, DC. BOMA Dallas is pleased to announce that Freeport X, managed by Duke Realty Corporation, took home highest honors in the Industrial Category.
The objective of The Outstanding Building of the Year (TOBY) Awards Program is to recognize excellence in building management, operating efficiency, tenant retention, emergency planning and community impact. The competition begins at the local level and local winners move to the regional level. Regional winners then compete internationally, against properties from all major cities in the United States plus Canada.
“The TOBY process is about recognizing the excellent work of the property management team,” said BOMA Dallas President Scott Moore, RPA, chief operating officer at Holt Lunsford Commercial. “We’re proud of all of our member buildings that made it to the international competition and congratulate Freeport X for receiving top honors in the industrial category.”
Dallas currently has one of the strongest industrial markets in the country. In 2015 theBOMA Dallas BoardofDirectors created its first special interest group (SIG) designed to meet the unique needs of the industrial property manager and to support growth in this sector. Recognition on the international level highlights the strength of the industrial market in North Texas.
About BOMA Dallas
BOMA Dallas is the professional organization representing the commercial real estate industry and related service providers by establishing the industry standard of excellence through Advocacy, Education, Networking and Community Service.
Far from losing steam, foreign investors in the last few weeks seem to have stepped up their U.S. real estate investment game in the wake of several new mega-deals, while others have announced they intend to do so after a sluggish start to the year.
The breaking news this week is that Saudi Arabia’s Olayan America, in a joint venture with Chelsfield, a London-based property group, struck a deal to purchase the Sony Building at 550 Madison Ave. in New York City for $1.3 billion.
Read more at CoStar.
For the 12th consecutive year, Texas was ranked as the best state in the country for businesses by Chief Executive magazine. The magazine has conducted the survey for 12 years.
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Bank and CMBS loan originators tightened their lending standards for all types of commercial real estate loans during the first quarter, a marked reversal from the previous few years.
A significant number of U.S. banks reported tightening standards for construction and land development loans and loans secured by multifamily properties, according to the latest Federal Reserve Senior Loan Officer Opinion Survey released this week. Additionally, a moderate number of U.S. banks reported tightening standards for loans secured by office, industrial, retail and hotel properties.
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