Category: News & Market Reports

WOSB & HUBZONE Firm Survives and Continues to Grow After 10 Years in Emergency Management and Disaster Recovery

Posted on by Sarah

“On our 10th ANNIVERSARY, I am happy to see our firm not just survive but thrive during tumultuous and unprecedented times as we help others to recover. We look forward to continued growth and expansion in each location, including our team and office in Puerto Rico. I am thankful for the addition of new partners and women to the team at PVMA and PVMA GLOBAL. Our commitment to supporting global recovery efforts through professional and humanitarian services remains our highest priority. I see many exciting years on the horizon for Women-Owned Small Businesses.” Laurie A. Robinson

“Over the past year, we have seen America’s small businesses overcome incredible challenges—a devastating pandemic, climate disasters, and other disruptions that have impacted how we live and do business. And every time, against the odds, America’s entrepreneurial spirit has come roaring back.” Isabella Casillas Guzman, 27th Administrator of the U.S. Small Business Administration (SBA.)

Project and Vendor Management Advisors, LLC (“PVMA”)is a women and minority-owned management consulting firm that provides an effective, efficient, and proven project management framework to deliver solutions to large complex challenges. PVMA provides experienced professionals that deliver quality results, on-time performance, and within budget for services related to grant administration, financial audits, compliance and monitoring, case management, and stakeholder engagement. PVMA’s staff of subject matter experts consist of Healthcare, (HUD) housing, FEMA, Emergency Management and Disaster Recovery specialist.

PVMA deploys teams of project managers and subject matter experts across the country to manage capital projects, emergencies, and disasters that impact municipalities, counties, governments, and the private sector. The firm has provided services for some of the largest recovery efforts since 2012 related to Disaster Recovery Financial Management & Reimbursement, Grant Management and Reimbursement Compliance Services, Case Management, FEMA Individual Assistance, Program Management & Housing Programs, and COVID 19 Reimbursement Services.

For More Information on PVMA: //pvmallc.com/services and //pvmaglobal.com.

Meta Goes Mega on Texas Office Space

Posted on by Sarah

Meta Platforms is making a splash in downtown Austin.

The company, formerly known as Facebook, leased all the office space in the Sixth and Guadalupe building, which will be the tallest tower in the Texas capital, according to the Austin Business Journal. It rented 589,000 square feet across 33 floors in the building, which is under construction at 400 West Sixth Street.

Rising 875 feet, the 66-story tower will be the first Austin high-rise with a total of a million square feet. In addition to offices, it will have 349 residential units on the 34th to 66th floors and 10,000 square feet of retail space. Construction on the commercial portion of the building was finished in late 2021. The building is expected to be complete in 2023.

The company sealed the deal Dec. 31. It’s the second-largest office lease in downtown Austin, according to ABJ. Google has leased a high-rise with 723,000 rentable square feet that’s under construction at 601 West Second Street. Click to read more at www.therealdeal.com.

As Rents Rise, Investors Flock to San Antonio’s Red-Hot Apartment Market

Posted on by Sarah

San Antonio apartments are being swapped in a flurry of trades, as outside investors pour into the city to take advantage of market conditions created in part by the pandemic.

More than 14% of all San Antonio apartments traded hands last year, a share greater than any city in the state and any city nationally except for Atlanta, according to a December report from CoStar, a real estate analytics firm. Those deals were worth a total of $3.6 billion in 2021, marking a near doubling over the transaction volume for 2019, before the pandemic.

“There’s a lot of investor confidence in San Antonio,” said Daniel Khalil, one of the report’s authors. “It’s not just because of good prices, or because it’s this [capitalization] rate, or that much per door. They’re also buying it because they see the growth prospects in the city, and because they see the economic resiliency of a city like this.” Click to read more at www.sanantonioreport.com.

Commercial Real Estate Forecast Predicts Houston Retail Market Returning to Pre-Pandemic Levels

Posted on by Sarah

A report released by the Dallas-based real estate group Weitzman predicted Houston’s commercial real estate market would return to pre-pandemic levels of occupancy in 2022.

Weitzman reached its conclusion after reviewing Houston’s inventory of 163.1 million square feet in multi-tenant retail projects with 25,000 square feet or more.

Retailers leasing in existing space was one of the factors leading to the market’s resurgence, according to the report.

The report cited the high demand for space from restaurants as another factor, using examples such as Willie’s Ice House and The Halal Guys in Pearland.

According to data from the Greater Houston Partnership, restaurants in Texas saw operating capacity returning close to 100% throughout 2021 and into 2022, despite COVID-19 surges from the delta and omicron variants. Click to read more at www.communityimpact.com.

Technology Helping Rental Properties Better Serve Pets And Their Humans

Posted on by Sarah

While sheltering in place during the pandemic’s depths, Americans sought diversions. For many, that meant pet adoption. Some 48% of Millennial and Gen Z folks indicated they intended to adopt in 2021. But ever since those pets and owners bonded, life has been anything but stable. First, many pet owners returned to the office, leaving Fido and Fluffy at home dealing with serious separation anxiety. Then, homo sapiens were back working from home, as Covid’s newest variant raged out of control. Next, those owners may be gone again, back to offices and once more disconnected from their pets.

What’s a pandemic pet – or its human companions — to do?

While the next stage in the drama is still unknowable, what many believe certain is the U.S. needs more rental housing that permits pets to live alongside their humans. Click to read more at www.forbes.com.

Newmark Completes Sale of 23 Single-Tenant Net Leased Properties in December 2021

Posted on by Sarah

Newmark announces it has arranged the sale of 23 net-leased properties in the month of December 2021. Notable tenants of the properties included 7-Eleven (TX), Fresenius (TX) and Walgreens (CO, IL and TX).

Newmark Executive Managing Director Matt Berres, Director Samer Khalil and Associate Karick Brown, in cooperation with local Newmark brokers Lispah Hogan (TX), Andy Sandquist (IL) and Riki Hashimoto (CO), brokered the transactions.