Tag: commerical real estate broker
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 [...]
Have we seen the end of lender funded speculative commercial development?
June 20th, 2010, No Comments
The late 1990’s and especially 2003-2007 experienced an unbridled push of retail, office and industrial speculative development. Lenders were handing out non-recourse money on projects which, to any experienced commercial broker, had little chance of success. The immediate reward of development and loan fees along with short term interest put blinders on banks and investors and [...]
