By admin on Jan 24, 2008 in Houston | 0 Comments
DFJ Mercury, a Houston-based venture capital firm, is heating up the Houston, Texas real estate market. For the past three years the firm has been responsible for investing in six start-up technology-based companies, in the Houston area. Three of these companies revolved around technology and the other three companies are focused on bioscience.
DFJ Mercury has invested, in each company, between $100,000 to one million dollars. The firm is known for investing in early-stage or seed companies in Houston. DFJ Mercury, in the future, is interested in investing in larger endeavors. New Houston industrial space has been created from the six new technology-based companies newly operation in Houston.
One of the managing partners of the firm is Blair Garrou. Garrou, in the past, was largely responsible for launching the Houston Technology Center. The Houston Technology Center operates as an incubator for start-up or emerging technology-based companies. Garrou was also involved in the creation of the Houston Angel Network, which is an investment organization.
Houston commercial real estate will not be the same, as DFJ Mercury, continues its trend, investing in even more start-up and larger technology-based companies. The firm was started just three years ago and has already created a wave in industrial development.
Houston, Texas is a vibrant city that has a booming economy. DFL Mercury is just one among many investors that is interested in investing the Houston area. Many real estate experts predict that this surge in commercial development will continue for many more years to come.
By admin on Jan 23, 2008 in Tarrant County | 1 Comment
This week LNR Property Corp. announced their acquisition of 300 acres of land in Fort Worth, Texas. This prime land will be used for Fort Worth commercial real estate development. LNR Property Corp. will build a development entitled The Presidio, which will be used for mixed-use.
Once the project is completed, LNR Property Corp. will have created over one million square feet of premier Fort Worth retail space. The mixed-use property will be home to several retail shops, restaurants, a hotel, fitness center, apartment units and office space.
The project, when completed, will showcase 1,300 luxurious apartment units, a 750,000 square foot hotel and office space, which will be used for medical purposes. The developers, of Fort Worth, are extremely excited to see this project break ground.
Ken Kristofek, who is the senior vice president of LNR Property Corporation, stated that the entire project will cost more than 250 million dollars. This estimate was based on similar completed commercial projects, in the North Texas area.
Fort Worth has been a hub for commercial and residential development for the past few years. In fact, the city of Fort Worth has become a part of the popular and growing Dallas/Fort Worth Metroplex area.
Numerous large and small businesses are looking to expand in the Forth Worth area. This is a terrific time to invest in Fort Worth commercial real estate including office space, ware house space, industrial space and retail space. For more information on available commercial real estate for purchase or lease contact a Fort Worth Realtor.
By admin on Jan 11, 2008 in Austin | 0 Comments
The state of Texas is known for wide open spaces and big skies. The residents of Texas do not want to live anywhere else. Currently, many cities in Texas are experiencing an economic boom that is spreading to the job market and different industries, including real estate.
There are hundreds of companies that are investing in commercial real estate in certain areas of Texas, such as Austin, Houston, Dallas and Fort Worth. There was news lately of construction in the city of Austin, Texas.
Land/Creek Development is executing their plans to construct a eighteen thousand square foot building that will be used as an even mix of both retail and office space. The building will be a wonderful addition to pre-existing Austin retail space.
The building is being constructed on Anderson Mill Road, in the heart of Austin, Texas. It is predicted that Arboretum Park will be completed in January of 2008.
Scott Taylor, employed with Land/Creek Development will be in charge of the leasing of the property. The firm, Sixth River Architects, are in charge of design and building of the office/retail space.
Austin, Texas is becoming a popular area for relocaters, including professionals, students and families. The same can be said for businesses, as dozens of new businesses crop up each week in the city of Austin. This is the perfect time to invest in Austin, Texas commercial real estate.
It is predicted that the economic boom in Texas, will continue for the next two decades. The boom can be seen in projects such as this one at Arboretum Park.
By admin on Jan 10, 2008 in San Antonio | 0 Comments
The New Year was rung in with the completion of a new industrial Park, consisting of 160,000 square feet, in San Antonio, Texas. East Group Properties decided that 2008 will be a year of expansion, development and growth in the blooming city of San Antonio.
The year 2008 was rung in with the completion of an industrial park. The industrial business center adds 160,000 square feet to valuable pre-existing San Antonio industrial space. The industrial park is located in the north central part of the city.
This is just one venture among many for East Group Properties. East Group Properties has announced the completion of the Westmore Business Center II for the beginning of January. The industrial business center is a “three-building campus” that is a part of the submarket of North Central.
The industrial business center is designed to provide access to the San Antonio International Airport, Wurzbach Parkway and Highway 281. There are plans being drawn up to add a fourth building that will total over one-hundred thousand square feet. It is unclear when construction on the fourth building will begin.
San Antonio commercial real estate is a terrific investment. The leasing of all of the buildings and the management of the property is being handled by Cavender & Hill Properties.
The new industrial business center is a prime opportunity to become a part of the San Antonio real estate market. This is one hot commercial development project that will be completed within the next few weeks. There are other development projects that are currently underway in the city.
By admin on Jan 10, 2008 in Dallas County | 2 Comments
Dallas Texas is a city that is currently undergoing expansion in the commercial and residential real estate sectors. Many investors consider Dallas to be one of the smartest and wisest cities to invest in. There are two main reasons for this train of thought. First, Dallas is the fastest growing city in numbers of professional and personal residents. Second, the city is experiencing a boom economically, unlike other parts of the country.
There is a new Dallas commercial real estate property that has investors swooping down on the area. The Banner Place North & South is available for lease. The North building of this impressive property consists of suites that are from five-hundred to twenty-one thousand square feet. The South building contains three floors, ranging in size from two thousand to six thousand square feet.
This centrally located Dallas office space has a variety of amenities that include a deli, cark key access, day care and a full-service bank. Also, Banner Place has a parking lot which is four levels. This lot can house approximately eight-hundred cars. Many investors are interested in this commercial real estate investment because there is immediate access to both the BBJ Freeway and the North Central Expressway.
The city of Dallas offers investors opportunities to jump upon premier industrial, retail and office space. With the growing population, of the area, there is a need for new businesses and other ventures. An investor that is looking for a sure-fire profit should consider Banner Place North & South
By admin on Jan 7, 2008 in Houston | 5 Comments
Houston, Texas has become an extremely popular city throughout the past ten years. Many professionals have relocated to the area because of the increasing number of prosperous business opportunities.
In several parts of the country the real estate industry has been experiencing a slump. There are a few exceptions to this though, Houston being one of the rare exceptions. The city of Houston, Texas is thriving with profitable commercial real estate ventures.
There was recent news of an $11.5 million dollar sale of an industrial complex in the city of Houston, Texas. This prime Houston industrial space consists of five expansive buildings.
The industrial complex was sold by the West Ten Development LP. This valuable piece of Houston commercial real estate is located along Barker Springs Road in the city.
The sale was part of a 1031 exchange with a company known as InSite Commercial Real Estate. The industrial complex was sold for $45.50 per square-foot or an impressive grand total of $11.5 million dollars.
The industrial complex contains five buildings, situated on seventy acres of land. The industrial center has an occupancy rate of ninety-three percent.
This complex is known as the Park Ten Service Center. The five buildings range in size from eighteen thousand square feet to one-hundred thousand square feet.
The sale of the Park Ten Service Center was big news for the Houston commercial real estate market which proves to be vibrant and strong. Both the buyer and the seller were represented by Jeffrey Barbles
By admin on Jan 4, 2008 in Dallas County | 4 Comments
The Dallas/Fort Worth area is commonly known as the Metroplex. Currently, the Metroplex is ripe with commercial investment opportunities. Cousins Properties have decided to lease a Park Central office space that consists of three buildings. The layout of this prime Dallas office space has over eight-hundred thousand square feet to brag about.
Mark Dickenson, the senior vice president of Cousins Properties said, “We’re real excited to pick up this assignment. This project gives us three of the primary Class A locations in the Metroplex.” Dickenson was specifically referring to property located at the Towers, in Las Colinas and Lincoln Center, along the LBJ Freeway.
The lease rate was quoted at $20.50 plus the cost of electricity. The tenants that reside within the office complex include big names such as Nexen U.S.A., Interstate Battery, Unitrin and Petroleum Inc.
The real exciting news stems from the fact that Cousins Properties has contracted over one million square feet to be developed into premier office space. This will add to the six million square feet that the Company already leases out, in the Metroplex area. This summer one-hundred thousand square feet will open up when Nexen moves from its current location to Plano, Texas.
There are several profitable investments to be made on Dallas or Fort Worth commercial real estate and other properties. This is a hot deal that consists of a gorgeous office complex; within the office space is a conference center, delicatessen, covered parking, on-site security and a cafeteria. Nearby are other office buildings and a fitness center.
By admin on Jan 3, 2008 in Tarrant County | 7 Comments
RLand Properties made an announcement the day after Christmas of their magnificent plans to create a one-of-a-kind retail center spanning twenty-five acres in the Fort Worth area. RLand Properties is a development firm that is based in Colleyville, Texas. The development firm has created a retail center that can only be described as “humorous” and “unique”.
RLand Properties president Kipp Whitman is thrilled to break ground on the Boot Hill Market Center, which totals 120,000 square feet. Boot Hill Market Center is a trio of premier Fort Worth retail space. The plans for the project include a turn-of-the-century building plan that is solely based on Whitman’s own legend. To better understand this rare, comedic design lets hear from Whitman himself.
“Humor is the motivation for RLand’s designs. For example, one of the three retail centers will appear to be upside down,” said Whitman. The one retail center should appear to patrons as if it fell off the edge of a steep cliff.
Whitman shows his personal investment to the property by using his own unique designs and by handpicking each tenant. Whitman picks the tenants based on his personal experience as a customer of their store. Whitman wants the creative settings and the quality tenants to “create and experience” for each patron that makes them fall in-love with RLand Properties’ designs.
So with plans that are totally “upside down” many people are excited about this new retail space that will bring tourists to the northern part of Fort Worth, Texas. This is definitely the most unique and exciting news to come from the Fort Worth commercial real estate market, in fact this news is turning the market completely “upside down”.