Tag: commercial real estate news
140,000 SF industrial facility sells near Port of Houston
September 2nd, 2010, No Comments
Eric Hughes with Centermark Commercial Real Estate represented McCorvey Real Estate Holdings on the purchase of 140,000 SF of industrial buildings located at 4800 Fidelity in Houston, TX. Vallone and Associates represented the Seller, Texas Rice.
The property is planned to be repositioned with the existing buildings to be refurbished and leased with a phase II freestanding industrial development [...]
Bridon USA leases 70,000 SF in Houston
August 15th, 2010, Comments Off
August 15th, 2010 – Bridon American has leased approximately 70,000 SF of industrial space at 7600 S. Santa Fe Industrial Park. Eric Hughes with Centermark Commercial Real Estate represented the Tenant and Scott Wilkerson of Garver Real Estate Investments represented the Landlord. Bridon USA is a global supplier of wire rope and cable.
More commercial loan fallout ahead? What does this mean for borrowers and investors?
April 3rd, 2010, No Comments
From Star-Telegram.com “A February report by the Congressional Oversight Panel paints a bleak picture of commercial real estate…
Commercial loans
The report estimated that $1.4 trillion worth of commercial loans will be due between 2010 and 2014, and more than half are considered “underwater,” meaning more is owed than the property is worth. Mortgages on apartments and [...]
Future of Houston Industrial Real Estate
January 26th, 2010, 1 Comment
More fallout to come in Houston’s industrial market? There are a substantial amount of large industrial vacancies on the market today and while activity is picking up, it is doing so at a very slow rate and not with any consistency. Each week brings news of another property headed back to the lender. Multi tenant buildings [...]
