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Following a record-setting 2016, the U.S. industrial market held strong in the first quarter of the year. Overall net absorption helped drop the vacancy rate to an all-time low while demand kept new development solid and pushed asking rental rates to an all-time high.
The Colliers commercial property professional: a dealmaker who brings people to the table, establishing clear dialogue between tenants, landlords, buyers, and sellers to create optimal solutions. We see deals through from beginning to end, ensuring our clients are fully satisfied with their real estate decisions. Congratulations to our Heavy Hitters who exemplify this people-first approach to dealmaking.
Seaports are a vital economic engine for the U.S., and the nation’s import and export volumes are one of the top demand drivers for industrial real estate. As the global shipping industry is evolving to get products to consumers quicker and more efficiently, U.S. ports are undergoing significant change to better service larger vessels. Our latest report, the Industrial U.S. Seaport Outlook, presents an engaging, visual representation of the key facts about the major seaports, including The Port of Houston.
On Tuesday, Janauary 24, 2017, Colliers International hosted our annual TRENDS event. Tyler Mathisen, CNBC's host of Power Lunch and co-anchor of the Nightly Business Report discussed the impact the election will have on our economy and our money, with a focus on energy and healthcare.
We are honored to be included on the lists for the Houston Chronicle and the Houston Business Journal. The value of a company is most impacted by the value the company places in its people. We know how important everyone who works with us is and we are very pleased that our employees see Colliers as a great place to work.
The Colliers commercial property professional a dealmaker who brings people to the table, establishing clear dialogue between tenants and landlords to create optimal solutions. We see deals through from beginning to end, ensuring our clients are fully satisfied with their real estate decisions.
Four leases were recently completed at the Rotunda Building located at 5819 Highway 6 in Missouri City. Texas Children's Hospital signed a new lease for 4,857 SF. Traci Holman and Jason Baker of Baker Katz represented the Tenant. The Speech and Learning Center renewed its lease and expanded to 1,972-SF and Transact NAP, Inc. renewed and expanded to 3,796 SF. Trivesta, LLC signed a new lease for 2,660 SF on the 1st floor. Barkley Peschel of Colliers International represented the Landlord, Rotunda, Ltd. in all of the lease transactions.
Colliers International is pleased to announce the addition of Jon Lindenberger as Senior Vice President to our Houston Industrial Team. Jon specializes in industrial and land sectors of the Houston commercial real estate market and has completed over 200 transactions, including tenant and buyer representation, dispositions, design/construct, and build-to-suit evaluations.
Colliers International is pleased to announce the addition of Jim Humphries to our Houston office as associate to our multifamily division. Mr. Humphries specializes in the valuation, financial modeling, acquisition and disposition of multifamily investment properties for both institutional and private clients.
Colliers International is pleased to announce the addition of Darren Gowell to our Houston office as Senior Associate. As part of the Houston Office Occupier Advisors Team, Darren will focus on business development, lease negotiations and transaction management.
Colliers’ Law Firm Services Group releases 2015 Outlook Report examining statistics and innovative trends in real estate across the nation and in Houston’s energy market.
The legal industry is undergoing cyclical and structural changes that are altering the way law firms use commercial real estate. Colliers International reports on the impact of technological innovation, new workplace strategies, and economic factors as they relate to commercial real estate for law firms. The report features Houston as a leader in the energy market and high performer in the post-recession legal industry.
Hooters of America LLC has finalized an agreement with global commercial real estate services firm Colliers International to have the firm advise Hooters on real estate needs and provide strategic counsel as the brand expands domestically and internationally. Colliers International’s Bob Browning, VP for retail services, and Robert Hantgan, senior VP, are managing the exclusive assignment.
Colliers International is pleased to announce its selection as the exclusive team for the leasing and marketing for Alegacy Park, an 89 Acre Heavy Industrial Park.
Alegacy Development broke ground in November 2014 on the 89 acre heavy industrial park just west of Waller, bordering both Highway 290 and Business 290 to be known as Alegacy Park. The site plans include a 40' wide reinforced concrete road and ultimately will be home to over twenty single tenant buildings comprising approximately 500,000 square feet total. The buildings are designed as high bay heavy hoist crane served buildings. The Phase 1 construction consists of all utilities and infrastructure and the initial two buildings totaling 100,000 square feet for Owner Occupied - Alegacy Equipment and a 33,000 spec building with 30' hook height and 20 Ton crane capacity.
Vista Equities has purchased the 14.734 acres at the northeast corner at Highway 59/Interstate 69 and University Boulevard in the master planned community of Telfair in Sugar Land. Preliminary plans for the corner include approximately 160,000 square feet of mixed-use commercial development including retail, office, freestanding full service restaurants, and pad sites for banks and other similar uses. This development will create a new and exciting work and play environment for Telfair and the surrounding area’s residents.
Dr. Bakina has been recognized as a healthcare specialist in the Greater Houston Area. Her educational background in medical research and past experience working at medical institutions provides her with an in-depth knowledge and understanding of healthcare needs. Dr. Bakina combines her scientific background and analytical skills with 8 years of real estate experience to help her clients achieve their real estate goals. She has a true understanding of the real estate process from start to finish, and provides the highest level of professionalism and superior service to every assignment.
Colliers International is pleased to announce the sale of Dairy Ashford Village, a 43,751 SF retail center, located at 1570 S. Dairy Ashford Road, Houston, Texas. The center was 89% leased at the time of the sale. Christopher D. Winters and John S. Parsley of Colliers International represented the seller, N.J.G. & M. Texas, Inc. Keller Williams represented the buyer, DAV Entrepreneurs, LLC, a private equity group based in Houston.
Colliers International has risen to number 5 on the International Association of Outsourcing Professionals' (IAOP®) list of Global Outsourcing 100 companies for 2014, after being ranked number 17 last year. Colliers International's high ranking was the result of its executive leadership, global presence, employee management, and company recognition and certifications. The company has been on the IAOP® list of Global Outsourcing 100 companies for nine years in a row, beginning with the association's launch of the list in 2006.
Groundbreaking on the new 470,000 square foot hospital in The Woodlands, which will be built at the intersection of TX 242 and I-45, is expected in early 2015, with the hospital to be completed in 2017. Construction includes a 135,000 square foot medical building, which will open in late 2015.
The Colliers commercial property professional; a dealmaker who brings people to the table, establishing clear dialogue between tenants and landlords to create optimal solutions. We see deals through from beginning to end, ensuring our clients are fully satisfied with their real estate decisions. Congratulations to our Heavy Hitters who exemplify this person-first approach to dealmaking.
Seattle-based Colliers International today announced its re-entry into the Austin commercial brokerage market, after a several-year hiatus. The new Austin presence will be anchored by three of the city's top office brokers: Marc Vanderslice, Doug Jones, and Volney Campbell. Formerly with HPI Corporate Services, the team will extend Colliers' full-service professional services platform to the area, offering all lines of commercial brokerage and consultation.
Molto Properties announced today plans to design and develop a 166,250 square-foot, state-of-the-art distribution building in north Houston. The industrial project, a first for the company in the Houston market, will be co-developed with Generational Commercial Properties, a commercial real estate development and project management firm based in Austin, Texas.
IronStone Realty Advisors, a full-service commercial real estate brokerage company, is joining Colliers International. As a result, Colliers International Houston is able to even further expand its unmatched local presence and knowledge in Sugar Land and Fort Bend County, down to South Texas in the Eagle Ford Shale. Barkley Peschel, President of IronStone, is looking forward to combining his intimate knowledge of the Fort Bend market and the Eagle Ford Shale with the global coverage and resources of Colliers International.
Colliers International and HPA International Real Estate have been awarded the leasing assignment for the Oasis Medical Office Building at 11929 W. Airport Boulevard in Stafford, Texas. The Oasis is a 206,973 square foot medical office building in a beautiful campus setting situated in the heart of the greater Houston southwest market. This class A project is perfectly situated to provide a wide range of housing requirements and a strong labor pool to support businesses. The Oasis presents a perfect opportunity for new companies entering the area or those seeking a new location with incredible value. The project is strategically located between multiple medical and office markets and is in close proximity to Houston's two major airports.
With Fluor’s new Sugar Land campus, Texas Instrument’s new Fort Bend office, Empire Commercial Development’s new medical office building, Group 1 Automotive’s site acquisition for their new auto dealership, combined with plans for the new Sugar Land Performing Arts Center, Telfair at Highway 59 and University Boulevard is starting to take shape.
In conjunction with the release of the year-end Ports Report, Colliers Chief Economist and report author KC Conway has selected the Port of Houston as a winner of one of the Colliers International 2013 Port Awards. These awards recognize the ports that are making a difference and setting the pace for the industry. Colliers International presented the Port of Houston Authority with the GDP (Gulf's Darn Profitable) Award at their monthly Port Commission Meeting held on February 25, 2014.
What can be said about the Port of Houston that we haven't already said? Not only is it Colliers' view that it's the "Most Irreplace¬able Port" in North America, it's proven to be quite profitable. In July, the Port of Houston generated $21 million in operating revenue, a 7 percent increase over the same period in 2012. So far in 2013, oper¬ating revenue is up 4 percent, year over year. Net income in July rose by 47 percent, year over year, to $4 million. In this year-end report, we honor the port of Houston with the "GDP (Gulf's Darn Profitable)" award. This latest recognition should not be taken lightly when one notes the unfolding events at the port of Long Beach: It takes more than great physical facilities and deep water to be a great port; it takes a great port director and board of directors. Houston has both.
The Houston Chronicle annually publishes "Top Workplaces " – a list of the best places to work in the Houston metro area. We are delighted to let you know that Colliers International | Houston has been named to the list for the third consecutive year. The evaluation for the Top Workplaces program is based upon feedback from an employee survey of our staff and brokers. We are honored to be included.
Every year Colliers recognizes individuals who have made their mark in a big way – whether with exceptional brokerage performance, strategic innovation, or inspiring personal integrity. These awards are part of the Colliers collaborative culture, which celebrates people and their achievements as part of a collective success.
Colliers International is pleased to announce the addition of Barrett Gibson as Principal and Jason English as Senior Associate to our Industrial Division.
Barrett Gibson and Jason English specialize in industrial tenant and buyer representation, property disposition, design/construct and build-to-suit evaluations, and investment transactions.
Martha Turner Properties just opened their sixth location, their first in the Sugar Land area. The successful residential realtor has leased 1,940 square feet of beautifully finished office space in Vista Bank Plaza at 4690 Sweetwater Boulevard to better serve their Fort Bend clients and realtors in the area. Very pleased with her new location, President Martha Turner states, “I’ve waited so long for just the right location and it’s so exciting for us to be able to increase our level of service for everyone in the Sugar Land area”. With offices in The Woodlands, Kingwood, Memorial, Galleria and the Bay Area, their new office location is strategically located to serve clients west of Houston in the booming Fort Bend County area. Being located on the corner of Sweetwater Blvd and Lexington Blvd., two of the most traveled streets in the area, will give their business added visibility and presence in the area. The landlord, FCB Fort Bend Holdings, LLC and the tenant were both represented by Kolbe Curtice of Colliers International.
Colliers International North Texas announces multifamily veteran brokers Bob Helterbran, CCIM and Mark Glen Freeman have joined the firm. They have teamed with Colliers’ Houston-based Principle Teresa Lowery to enhance the Texas institutional multifamily advisory platform, Colliers Texas Multifamily Group (CTMG). The Team will provide a full-range of multifamily advisory services for individual and portfolio assets located in Houston, Dallas, San Antonio and Austin.
Colliers International | Houston is pleased to announce the addition of Tom Condon, Jr. as senior vice president in our office in The Woodlands.
In an effort to better serve our clients, Colliers International is pleased to introduce our team members for our newest Houston area office.
Colliers International is pleased to announce the addition of Don Schmidt as Managing Director of Corporate Solutions, based in Houston.
Colliers International | Houston is pleased to announce the addition of James Weiss, as a Senior Valuation Specialist, to our Valuation & Advisory Services Team. With this addition, Colliers adds litigation support services to our clients offerings. As a litigation specialist with extensive experience as an expert witness and with trial preparation, Mr. Weiss will bolster Colliers' position in the marketplace as a true full-service organization.
Colliers International is moving into a new space that will expand its Houston operations to meet demand for its commercial real estate services to investors, property owners, tenants and developers.
The Colliers Houston office will relocate to a 22,250-square-foot space occupying a full floor in the Park Towers North building at 1233 W. Loop South in the Galleria/West Loop market. Park Towers will soon boast Colliers signage at one of the busiest intersections in the city. Jay Kyle, principal of Colliers International represented Colliers in the lease transaction and Steven M. Seltzer, chief operating officer of TPMC Realty Corporation represented the landlord, Post Oak Realty Investment Partners, L.P.
Colliers International is pleased to announce its selection as the exclusive leasing team for Beltway 8 Office Center, a 116,700 -square-foot mixed-use development located at 9920 - 9980 West Sam Houston Parkway South in Houston, Texas. The property offers both move-in ready and build-to-suit office options for office, medical, retail and office/service users. The owner, Vantage Companies, commented they chose Colliers for their dedication and experience with local tenants. Colliers' leasing team for the assignment will be Walter Menuet, Ace Schlameus, Laura Schlameus, and Jenny Seckinger.
Colliers International | Houston is taking part in the BEARing Gifts program by providing holiday gifts to three children under the care of CPS who otherwise would have no holiday at all. Colliers collected enough donations to purchase every gift from each child’s holiday wish list and provide suitable winter clothing.
Colliers International | Houston is pleased to announce the addition of Walter Menuet as Senior Vice President to our Industrial Division.
Colliers International | Houston is pleased to announce the addition of Michael Patton, Clay Miller and Candi Mills to our Valuation & Advisory Services Team and to recognize team leader, Michael Miggins, for receiving his MAI designation.
Colliers International is pleased to announce the addition of Henry Hagendorf and Beth Young as Senior Vice Presidents to our Investment Division.
Henry Hagendorf and Beth Young specialize in the marketing and sale of office and healthcare properties for financial institutions, pension funds, REIT funds, medical operators and private investors. Prior to joining Colliers International, Mr. Hagendorf and Ms. Young served in the Investment Services Group and Healthcare Property Group as Vice Presidents for Grubb & Ellis Company.
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