rednews october 2013

O c t o b e r 2 0 1 3

F O R 1 0 0 , 0 0 0 + C R E B R O K E R S , I N V E S T O R S & D E V E L O P E R S

In this issue: What’s Happening

with Texas Land

Business Round-UpHotels

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40 Acres, All or PartAdditional Acreage Available

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Commercial Development Land in Eagle Ford ShaleCuero, Texas

CONTACT INFOMatt Mann(713) [email protected]

www.lgland.com

L a R R y C a L h O u N E xe c u t i v e D i re c t o r

5 0 5 We s t D a v i s C o n ro e , Te x a s 7 7 3 0 19 3 6 - 5 2 2 - 3 0 1 4 2 8 1 - 7 8 7 - 8 0 9 1 9 3 6 - 7 5 6 - 6 1 6 2Gcedc.org [email protected]

248-acre technology park and 1,045 acre industrial business park

adjacent to Lone Star Executive airport that facilitates corporate travel

Local and state incentives Lone Star College Conroe Center On-site campus Workforce training Continuing education Low cost energy and utilities Both parks perfect for local, regional, national

and international operations and headquarters Distribution and transportation

convenience No personal state income tax Low taxes and operating costs Exceptional quality of life

Conroe Park North

From manufacturing to technology, the premier business address

CONROE, TEXAS

4 r e d N E W S . c o m

Tab

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f Con

ten

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MaPS

Texas Land Transactions 22 – 23

Texas Master Planned Communities 28 - 30

redNEWS Business Roundup 26, 27

advertisers Index 41

Texas Classifieds 41

“Last Page” 42

Properties For Sale/Lease

1-3, 5-9, 11, 15, 17, 19, 21, 25, 27, 31, 41

Commercial Services

Environmental 33

Lending 41

What’s happening in Texas CRE

Calendar of Events 32, 34, 35, 43, 44

Networking Photos 36, 37

Deals & announcements 38 – 40

Land Development InterviewsLand Market as hOT as houston’s Ever Seen it 10

houston’s ‘Path to Progress’ 12

“It’s the Best Its Ever Been” 14

30,000 home Starts a year in houston? 16 – 17

Developments of MPCs in North Texas 18

Path of Progress in North Texas Continues Northward 20

Patience Pays Off 24

Herman Park/Houston ZooHerman Park/Houston Zoo

NN

MD AndersonSoutheast Campus

MD AndersonSoutheast Campus

GalleriaGalleria

Texas Medical CenterTexas Medical Center

Veterans’ HospitalVeterans’ Hospital TMCTMCTMCTMC

Corder St.

Corder St. Ardmore St.Ardmore St.

Alice St.Alice St.

Grand Blvd.Grand Blvd. Old Spanish Trail

Old Spanish Trail

RiceUniversity

RiceUniversity

SubjectAlmeda Rd.Almeda Rd.

Texas Medical CenterThe Texas Medical Center is the largest medical center in the world. It is an internationally recognized community of patient care, education and research. The Texas Medical Center in Houston is home to many of the nation’s best hospitals, physicians, researchers, educational institutions and health care providers.

2013 Facts & Figures▪ Member Institutions: 54▪ Annual Patient Visits: 7.2 million▪ Employees: 106,000▪ Full-time Students: 49,000▪ Total Hospital Beds: 7,000▪ Annual Surgeries: 171,000▪ Total Budget (All Institutions): $15 billion

▪ Total Size/Gross Square Footage (All Campuses): • 45.8 million SF • 1,345 acres • 290 bldgs.

▪ Additional Projected Development is: ±28 million SF

For further information, please contact our exclusive broker: Sam Sheff, CCIM Managing Director 713.599.5145 [email protected] www.ngkf.com

Houston

Unique Development Opportunity located near the World-Renowned Texas Medical Center

For Sale

Property Highlights▪ Largest vacant land tract in the Texas

Medical Center area

▪ ±23 acres - Will Divide

▪ For Sale, Joint Venture and or Build-to-Suit

▪ Adjacent to the new MD Anderson Southeast Campus

▪ All utilities to site

▪ Idealusesinclude,medical:office,clinic, research, hospital, warehouse; residential multi and single family, data center and mixed-use development.

▪ This site is less than one mile from the METRORail route

▪ Asking Price: $29.50/PSFN

Alice Street

Ardm

ore

Stre

etCorder Street

Gra

nd B

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vard

UT/MD AndersonSoutheast Campus

±498’

±1.321.9

±813

.3’±7

34.6

2’

±660.62’

±498’±2

35.3

8’

±320

’

Subject±23.12 Acres

±476

.74’

±660.97’

6 r e d N E W S . c o m

Dear Readers,

Wow! I covered Land and Master Planned Communities in this issue and what an eye opener those conversations have been. The volume of land transactions that are taking place across Texas is nothing short of incredible. I spoke with numerous land brokers across the state this month and consistently heard “If it’s shovel ready, it’s sold.” Stan Creech, who has spent the past 40 years marketing land, says, “This is the best it’s ever been in Texas and it’s real”.

Jim Gaines, Research Economist with the a&M Real Estate Center, predicts that our Lone Star State will add twice as many people in the next 40 years as it did in the previous 40. This will equate to adding around 30 million Texas residents over the next four decades. Or, as Kirk Laguarta says, “It’s as if the population of San antonio is moving to houston every 9-10 years.”

Master Planned Communities are popping up throughout Texas (see pages 28-30). Some of these were dormant during the 2007-09 years and have been sold, resold, or restarted. houston is behind the curve in creating residential lots; Kirk Lagaurta estimates that it will take an additional 12,000 acres of land to produce the 30,000 residential lots needed annually to keep up with the needed new housing starts.

all this development is outstanding for our economy and the hope is that our infrastructure can keep up. Transportation advocacy Group officials estimate that the average houston driver spends $343 annually in additional car repair costs, increased fuel consumption, and tire wear because of poorly maintained roads. The average driver in major metro areas in Texas spends about 37 hours every year sitting in traffic congestion; this number is projected to double to 74 hours by 2028 if transportation funding does not keep pace with population growth and development.

Next month is our Texas ICSC Retail Focus issue and we’ll be at the event in Dallas so hope to see you all there!

Best Regards,

Ginger Wheless

Pu

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her

’s L

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F O R 1 0 0 , 0 0 0 + C R E B R O K E R S , I N V E S T O R S & D E V E L O P E R S

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1 0 r e d N E W S . c o m

LaND DEVELOPMENT INTERVIEW

Land Market as

as Houston has ever Seen It!

Ryan Sweeney, a houston land broker with NewQuest Properties, has been in the business for nine years. Ryan en-tered the land market at a time when houston was experiencing tremendous growth in the single-family residential

market. Ryan has worked on the disposition of commercial as-sets on behalf of NewQuest Properties for a number of different commercial uses as well as marketing and representing third-party landowners and portfolio landowners on the disposition of those assets. In the last two years, Sweeney has been involved in the sale of land for industrial, hospitality, senior living, medical, multi-family, retail and single-family development.

at the present time, the land market is as hot as Sweeney has ever seen it. Single-family developers and homebuilders are purchasing large and small acreage tracts as quickly as they be-come available, on and off the market. Currently in the greater houston area, if there’s a land tract that’s over 25 acres in a mar-ket with good school districts, utilities available, and reasonable infrastructure that can be engineered to develop the majority of the site, it’s either been looked at, bought, or is currently under contract. The school districts seeing the most demand include Ft. Bend County, Katy, Spring Branch, Spring, Cypress-Fairbanks, The Woodlands, and Pearland. additionally, all inner-loop tracts that have configurations able to accommodate high-end, high-density development are in play as well.

Sweeney suspects that the houston area land market could pla-teau in the next year as multi-family and office developers reach the maximum that they can pay for dirt based on the rents that they feel are achievable. 95% of the land transactions that Swee-ney has handled in the past 18 months have been cash deals, so financing on the land acquisition is not evident prior to closing. Today’s buyer is sophisticated and has the tools and resources necessary to be able to evaluate a tract and make sound deci-sions, engineering wise, based upon their pro forma. all proper-ties have to address utility availability, engineering and deten-tion aspects of the site. In some cases, utility capacity to serve the tract, regardless of being in a district or not, is not readily appar-ent. In those cases, additional time and expense are needed to develop and go through the procedures of expanding any type of water plant or storm sewer plant. Developers today are tak-ing the initiative to provide the amenities of a small city: nearby grocery, retail, medical, office, and small business workplaces

designed to reduce commute time and add to the tax base of the greater houston metro areas.

One caution for land owners is that, as available properties are evaluated for development acquisition, all land is not created equal. In today’s market, the word is definitely out that prices have gone up, and that a plateau may be imminent, but no one is exactly sure how to interpret land value. Sometimes a prop-erty’s characteristics are such that it can’t be easily duplicated and thus will justify top dollar; however, brokers need to be able to recognize and report that not all land tracts are justified to have the same rapid value appreciation. a property that is in the right location, and has the infrastructure already in place is likely al-ready sold. Properties that lack some of the key characteristics, other than location, can be developed, but feasibility studies alone can take months which adds to the bottom line and needs to be accounted for in the purchase price. and today’s buyers are much more sophisticated. They can tell the difference between raw land and shovel ready land.

Currently in the Greater Houston

area, if there’s a land tract that’s

over 25 acres in a market with good

school districts, utilities available,

and reasonable infrastructure that

can be engineered to develop the

majority of the site, it’s either been

looked at, bought, or is currently

under contract.

LANDLORD & TENANT REPRESENTATION • SITE ACQUISITION • SALES & LEASING • REAL ESTATE CONSULTING • PROPERTY MANAGEMENT

Written by Janis Arnold

Hot

11

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This information contained herein has been obtained from reliable sources; however, The J. Beard Company, LLC and The J. Beard Real Estate Company, L.P. makes no guarantees, warranties or representations to the completeness or accuracy of the data. Property submitted is subject to errors, omissions, change of price, prior sale or withdrawal without notice.

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3. 85 Acres Dry Creek , Magnolia TX 77354 •WoodlandsSubmarketArea •FutureResidentialDevelopmentSite •DryCreek,(EastsideofFM2978)

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8. 2 Acres Westwood N Dr. 5702 FM 1488 , Magnolia TX 77354 •LocatedatsignalizedNWCofWestwoodNDr/

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Houston’s ‘Path to Progress’

With over 25 years of experience in the sale, marketing, management and devel-opment of residential real estate, David Jarvis is known for his real-world expe-rience as well as the extensive primary research he brings to the table. utilizing Metrostudy’s data base and conducting extensive research targeted to the spe-cific needs of home builders, develop-ers, and lenders, David assists clients in the development and implementation of marketing and sales management strat-egies and model home development and merchandising. David’s core busi-

ness is described as a membership model. It includes a propri-etary and ongoing survey of the housing market that is updated on a daily basis. his model includes factors such as absorption rate, and the demands for homes and lots by size, by price range, and by geography.

redNews spoke with David about houston’s ‘path to progress’ in to-day’s market.

David sees most of the development continuing to move toward the western part of the city, roughly along a line from I-45 to downtown, to highway 288. he sees development and his business moving solely in that direction because of available land, as well as access to highways, thoroughfares, retail and other amenities needed by today’s buyer. The Grand Parkway extending from I-10 to highway 90, around I-45, and on to 59, is gernerating increasing amounts of land being opened for development. David says that an old joke about asking a devel-oper where he buys land is still applicable today -‘at the end of the road’.

David has been in houston since 1988 and has seen some of the vicissitudes of the houston residential market. What he likes about today’s market is that homes are being started for the right reason and they’re being sold to people who can qualify for mortgages; therefore, today’s market has significant sus-tainability. Financing today’s residential de-velopments presents more of a challenge as well. Banks are no longer in the construction lending and development lending business. Developers have plenty of money to build houses; however, coming up with the money to develop land for the houses continues to be a challenge. Currently, the developer is only able to borrow 50 or 60 cents on the dol-lar to develop land, so getting a development launched is expensive.

Banks got stung badly with losses in real estate during the last downturn, but have become more involved of late, but still cautious with the residential development industry. home builders are be-ginning to come in and do their own developments. But we can’t move fast enough yet. Overall, we delivered 20,000 lots in the last 12 months, and we could use 26,000. We quit developing lots in the recession and we can’t ramp up fast enough to catch up. We are moving in the right direction, but it’s unlikely that we’ll catch up this year or the year after.

Given that estimates of population growth within a twenty-year span indicate that the houston area will increase by about 50% (from 6 million to 9 million), there’s no way that this can be anything but positive for all areas of real estate. Today’s all time low interest rates are another significant factor in today’s positive market. Rates will go back up at some point. When that happens, the net cost of houses will increase, and people will simply buy houses with small-er square footages rather than drop out of the market. Prices won’t go up though. Regarding consumer demand for energy efficiency and ‘green’ houses, David sees an increasing interest in this type of home, but notes that today’s buyer isn’t interested enough in this type of dwelling to pay a lot more money for it. If oil and gas prices were to increase significantly, then that might be a game changer as to what people would pay for more energy efficient dwellings; however, given the current energy status in Texas, it appears more likely that Texas and eventually the united States will become a net exporter, rather than importer, of oil and gas, so it seems unlikely that energy costs will soar significantly.

275,600 SF AVAILABLEClaymoore Business Industrial Park • 11711 Clay Road • Houston, TX 77043

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Site PlanProperty Features• Up to 275,600 SF Available (Divisible) » Office Area: 3,560 SF » Warehouse Area: 272,040 SF

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“It’s the Best It’s Ever Been”Stan Creech, President of Stan Creech Properties, is a houston land broker who has been in the industry for forty years. Stan has been through the Texas markets ups and downs, and, in his words, ‘today’s market is just incred-ible, unbelievable.’ after five years of pent-up demand, houston has become the strongest land market in the nation. In today’s market, it’s a matter of supply and demand, and even with a possible plateau in the offing, Stan expects busi-ness in Texas to remain strong for the

foreseeable future .

Residential is off the charts; properties going on the market today are receiving multiple offers at above the asking price. Then the buyer goes to the bank and there aren’t apprais-als. an appraiser told Stan that ‘our problem is we’re not looking down the road, we’re looking in the rear view mirror’. There’s a difference in the comps that can be obtained from the differ-ent perspectives. Buy-ers and sellers need to remember that when a property sells, particu-larly a commercial prop-erty, the price likely was negotiated 6-12 months prior to the closing. Ig-noring this fact alone can lead to the creation of unrealistic expecta-tions for some land own-ers as prices have been rising so quickly of late. It is often the case that a property will be closing for $1 a square foot as the property next door already posts an asking price of $1.50 per square foot.

The general perception has been that one thing houston doesn’t lack is land for development. and now, for the first time in as long as Stan can remember, there’s not enough land in houston. People from out of state come here and look at what is available, and at first glance, it seems as if there are lots of options. But then prospective buyers start looking at land that can be developed fairly quickly in terms of drainage, utilities, wetlands, detention, and multiple other factors specific to the developers goals and all of a sudden much of the available property is eliminated. Land development require-ments are more complicated today due only in part to an ever-increasing regulatory environment that oversees what landowners

can do with their land. For various reasons, many related to events that occurred in the most recent downturn, banks are leery of raw land. It takes longer to develop land in accordance with today’s regulatory requirements, and not many buyers have the time to go through that extensive process. The toughest loan to get is a land loan, because land isn’t liquid, and banks don’t want to foreclose on land. So while land that isn’t ‘shovel ready’ is selling, most de-velopers want something they can close on quickly. They need to get their building done; in many cases these developers already have their tenants lined up. Not that land that isn’t ‘shovel ready’ isn’t still selling, but not nearly as easily and almost effortlessly as land that can be developed within a 90-120 day period.

In the state of Texas land developers have to consider water and transportation. “Take a look at the traffic in houston and ask your-self: how on earth are we going to keep up in light of the increasing

population?” Stan asks. Infrastructure needs of the growing population are going to have to be addressed. Toll roads are certainly useful, but toll roads are only fea-sible for the primary routes. Stan can’t see secondary roads being built as toll roads. The ‘magic’ of houston is that it remains the energy capital of the world. Stan isn’t just talking oil and gas. he’s thinking solar, wind, whatever works! ultimately, Stan, among others, is predicting that houston will become the largest city in the united States at some point, be-cause there are no geo-graphical constraints to its continued growth.

Stan is amazed and gratified and feels incredibly lucky to be here. This city is so diversified and has such a wonderful energy and momentum. Land prices peaked back in December 2007, and went down 50% due to the recession, but today they’ve come back about 150%. Land here is so good that people resist selling be-cause they don’t have any other place to put their money that is nearly as lucrative. Stan has ‘never seen it this strong and real.’ This market is really different from the market seen back in the 1970s with the syndicators, or the 1980s with the savings and loan companies. Today, to get a land loan or even a construction loan, the buyer is going to have to infuse significant equity into the deal. and it is more than ever true that today, banks are doing their due diligence before they grant loans.




30,000 Home Starts a Year in Houston?

Duane Heckmann Kirk Laguarta

Kirk Laguarta and Duane Heckmann of the Land Advisors Orga-nization, with nearly 30 years of experience each in CRE, specialize in master-planned community and residential lot development; how-ever they also sell multi-family sites, commercial sites, and indus-trial development/sites. historically, downturns in the houston CRE market have been related to ‘loose money’; this was a factor in the downturn that occurred during late 2007 through 2009. Nationally, banks were so badly burned during that recession that they’re still not back into the lot development end of the real estate business to any appreciable extent. however, in Texas the banking industry is healthy and, particularly in houston, there’s no problem with ‘loose money’. Thus, in respect to financing, there appears to be little dan-ger of overbuilding at the present time.

Economically, Texas has recovered from the last recession much fast-er than the rest of the nation. The state’s vibrant oil and gas indus-try, primarily because of new developments in shale fracking, has led the city of houston to create 100,000+ jobs per year. During the period from 2009 to the present, houston’s tremendous increase in jobs has resulted in increased demand for housing. Bottom line: the development of new residential lots in the greater houston area has not kept pace with the demand for new homes needed by houston’s growing population.

Seven of houston’s top ten master-planned communities will be fully developed and sold out within 3+/- years by the end of 2016. Cinco Ranch and The Woodlands will be fully developed from a single-family home standpoint within the next two years. Today, those two communities account for nearly 2,000 home starts, which is around 7% of the home starts in houston. It takes a minimum of 24 to 36 months from the time a developer or homebuilder starts look-ing at a piece of property until they get that first lot on the ground. New master-planned communities generally start slowly, and may produce 100+/- homes the first year. Eventually, MPCs increase to 300 to possibly 400 home starts per annum. Cross Creek Ranch, a Johnson Development community, is an example of a replacement MPC for the tremendously successful Cinco Ranch. Wood Forest, another Johnson Development community, is taking over where The Woodlands lets off. Within the past 16 months, at least 24 proper-ties that are greater than 350 acres have been purchased for de-velopment. Prior to July 2012 houston had seen no large land pur-chases for single-family development going back to 2008. Thus, during a 4-year period, there were no significant residential land development purchases, yet the sale of homes in the houston area continued at a pace of 18,000 to 20,000 homes per year. Today’s oil business is much more technologically driven than was

the oil boom that occurred in the 80s. The industry’s highly educated and technologically advanced workers are commanding high pay-ing jobs. Back in the 80s, job development included more roughneck or blue-collar jobs, whereas today’s oil and gas industry employs more white-collar positions. To a large extent, these new hires are working all over the world out of a houston home office. To quote Kirk Laguarta, “If there’s a fracking job going on in North Dakota or Russia or Venezuela, you can bet that somebody in houston has something to do with it.” The creation of high tech new jobs isn’t lim-ited to the oil and gas industry; the same sort of thing is happening in houston’s vibrant growth medical community.

houston is now the energy capital of the world and will remain the energy capital of the world for the foreseeable future. The fracking revolution has changed the landscape in terms of the volume of oil and gas product available in the nation and the world. In the united States and Canada, enough gas to last several generations has been discovered, and, because of fracking production methods, this oil and gas is inexpensive to produce. This fact alone is predicted to significantly change manufacturing across the u.S. and will lead to the united States becoming a net exporter of oil and gas.

houston’s newly employed workers and their families have to live somewhere and these individuals want to live in communities with good schools and quality amenities. Earlier this year, Metrostudy presented information regarding the demographics of houston as it relates to the housing market. During the previous 30 years, the City of houston averaged 25,000 home starts per year. however, the average number of home starts for the previous 25 years increased to approximately 30,000 per year. Projecting into the next 30 years, Metrostudy suggests that the city will have to produce at least 30,000 home starts per year to keep up with projected growth and demand. Laguarta feels that 30,000 is too conservative a figure and projects that houston will need a minimum of 32,000 starts per year simply to


keep up with anticipated demand. as a point of comparison, during 2012, houston saw approximately 24,500 home starts. For 2013, the anticipated home starts are only 27,000. assuming projections are accurate, it appears as if houston is already behind in the number of starts needed by about 10-12,000 starts.

The amount of real estate needed to produce 32,000 home starts is approxi-mately 12,000 acres of land. That amount of land will need to be devel-oped on a yearly basis if the city is to keep up with the projected demand for housing. These numbers speak for themselves. The greater houston area has a current population of around 6.2 million. Solely through organic growth, births over deaths, houston’s population is going to increase in the coming years. By factoring in the organic growth that is projected to occur with houston’s vibrant economy and growth in job development (80,000 to 100,000+ new relatively high-paying jobs every year), the houston housing situation can be compared to what happens when gasoline is poured on a fire. In addition to finding and developing land, there are other potential factors related to residential communities that will need to be addressed. Certainly transportation is crucial and becomes increasingly important as population increases; however, water is also a big issue and will need to be looked at in the coming years.

houston essentially has about 14 major work centers. These work centers are projected to continue to expand, with some new work centers likely to pop up around the city. CBD, Greenway, Galleria, Westchase, The Energy Corridor, Greenspoint and NaSa go back 20+ years. Recently added major work centers include Sugar Land, Katy, The Woodlands and Exxon Mobile. One point in the region’s favor is that houston has plenty of land and very few natural constraints. under construction at the present time, the Grand Parkway, a 50-mile freeway to connect I-10 West to hwy 59 on the northeast, will open up myriad possibilities.The area south of I-10 in Katy ISD is pretty much built out or committed

from a single-family development perspective. however, there is signifi-cant movement toward the north and west part of the Katy work center area. Cane Island MPC, a new MPC being developed by Rise Development Part-ners’, is a proposed 1,000+-acre master-planned community in far eastern Waller County on the Waller County/harris County line. Cane Island MPC is still in Katy ISD, being located inside the City of Katy on the west end. It will develop into a new community coming out of the ground in 2014 or 2015. Cane Island, which is planned to consist of up to 2,000 or more homes in the $250,000-and-up price range, is proposed to contain sites for a fire station, a Katy ISD elementary school, and six parks and recreation spaces.

Cane Island Parkway will be a new interchange at I-10 just west of FM 1463 and east of Pederson Road (the future Fulshear Parkway). Cane Island Parkway is going to be a four-lane boulevard that will span I-10 West and go north to hwy 90. It will run through the middle of the West 10 Business Park, a Parkside Capital development, and will serve as a major north-south thoroughfare for the Cane Island MPC. Pending the City of Katy’s acquisi-tion of a portion of the site that lies in houston’s extraterritorial jurisdiction and final approval by city council, the master-planned community — the city of Katy’s first, if approved — will break ground by 2014 with lots avail-able in late 2014 or early 2015.

Projecting into the next 30 years, we’re going to have to produce at least 30,000 home starts per year to keep up with projected growth and demand.

Vacant Land - Rosenberg, Texas Tired Of Leasing?3200 BF Terry Blvd, Rosenberg, TX 77471

www.kmrealty.net (713) 690-2700

DEMOGRAPHICS 1 Mile

KM Realty Advisors, LLC KM Realty Management, LLC

3 Mile 5 Mile Population Average Age HH Income Home Value

5,913 33.10 $54,511 $112,379

42,332 34.10 $45,260 $100,166

70,585 33.90 $49,738 $114,588

Radius

Rose Commercial Park SWC OF FM BF TERRY BLVD & AIRPORT AVE

CONTACT Nelson Spitz

(713) 690-2700 [email protected]

30 2218/

• Adjacent to B.F. Terry High School • At Lighted Intersection • Newly Widened Road • Utilities and Detention Provided • 17% Population Growth • On Retail Corridor to Richmond

Sweetgrass by Del Webb Brazos Town Center by NewQuest

B.F. Terry High School George Jr. High School

Town Center Walmart

KEY FEATURES DRIVING FACTORS

3200 BF Terry Blvd, Rosenberg, TX 77471


DEMOGRAPHICS 1 Mile



5,913 33.10 $54,511 $112,379

42,332 34.10 $45,260 $100,166

70,585 33.90 $49,738 $114,588

Radius




30 2218/




Town Center Walmart


3200 BF Terry Blvd, Rosenberg, TX 77471


DEMOGRAPHICS 1 Mile



5,913 33.10 $54,511 $112,379

42,332 34.10 $45,260 $100,166

70,585 33.90 $49,738 $114,588

Radius




30 2218/




Town Center Walmart


30 Rose Commercial ParkSWC of FM 2218 / BF Terry Blvd & Airport Ave.3200 BF Terry Blvd, Rosenberg, TX 77471

Reading Road Professional ParkLocated near Brazos Town Center & US 595215 Reading Road, Rosenberg, TX 77471

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CONTACT Nelson Spitz • (713) 690-1093 [email protected] • www.kmrealty.net


Landry Burdine, who has been in-volved in land brokerage for the better part of 15 years, is a Dallas broker with Land Advisors Organization. Landry is the director for the Dallas-Fort Worth area. his office specializes in master-planned communities and everything that goes with that type of land broker-age and related development. he focus-es on home builders and private equity and the myriad aspects that it takes to

put a planned community development together.

One of the community developments that Burdine has been in-volved with includes Trinity Falls in McKinney, a 4,200 lot project that went into distress during the recent downturn, and is now be-ing developed by Castle hill out of austin. Castle hill has exper-tise in mixed use and master-planned communities as well as just about ‘every asset class out there’.

another of the master planned communities that went into distress was Phillips Creek Ranch in Frisco, which was bought by Republic Property Group early in the downturn and is now well underway. The Terra Verde Group, another group that Burdine represents, bought Windsong Ranch in Prosper. There are about 3,500 lots in that community. There are three major master plans in the north-ern Collin County market that have come online recently. They were getting ready to start when the downturn hit, rode through the downturn, and are just now coming out of the ground.

Most of the recent larger deals were purchased by private equity that is based out of the northeast. They use local operator partners in Dallas-Ft. Worth to execute the development; at least they are trying to. In some cases banks are making it a little more attrac-tive and are coming into play for development. Obviously, bank money is cheaper than the private equity money. But it is the case that a lot of these master-planned communities are being devel-oped for cash. In today’s market, it appears as if local banks can’t move quickly enough. Dallas area land is moving very well if it’s in the right location. In northern Tarrant, Denton, and Collin County, prices are exceeding peak pricing already. approximately 75% of today’s starts are located in those areas.

Burdine’s company handles the initial land transactions for their clients, and may or may not stay involved throughout the entire de-velopment process. Sometimes Burdine will take the lot package out to the builders, and handle the marketing efforts. Often Land advisors Organization will handle resale of some of the tracts in the deal as well.

These are very large planned community developments. Wind-song Ranch, located on highway 380, is a couple thousand acres and has significant commercial potential. Trinity Falls has 1,700

acres. Communities that are located near major intersections are seeing commercial activity that is really, really hot.

Related to infrastructure to meet the needs of increasing popula-tion, the city of Dallas is coming up with some creative ways to finance needed infrastructure. Toll roads are having a significant impact upon transportation and developers are becoming increas-ingly adept at figuring out ways to get water and sewer services to their sites. Development agreements, and reimbursement agree-ments with cities of facility districts are illustrative of the ways in which infrastructure needs are being addressed. The availability of water to meet increasing demands as communities grow and develop is a concern, bu current projections are that suppy will be adequate to meet demands.

Even though business is booming, the Dallas area will continue the present trajectory as it moves toward a normalized start space. During the peak years (2005/06), there were 52,000 starts. Right now the number of starts is in the low 20s and a normal start space would be somewhere in the low 30s, so business should continue to grow for the foreseeable future.

When asked the question regarding what advice Burdine has for new-comers to the commercial real estate market, his response was: “A lot of research is needed because land brokers have to learn the market. It’s crucial that brokers know the market in order to provide the best possible service to their clients. Going out there trying to see and sell properties that the broker knows little or nothing about probably isn’t going to work all that well, especially with the private equity buyers. These guys are much more sophisticated today. The underwriting for today’s deals is more stringent and significantly more complicated than it was in the past. It’s not hard, but brokers need to learn as much as possible about the properties they hope to represent to prospec-tive buyers.”

Most of the recent larger deals were purchased by private equity that is based out of the northeast. They use local operator partners in Dallas-Ft. Worth to execute the development; at least they are trying to. In some cases banks are making it a little more attractive and are coming into play for development. Obviously, bank money is cheaper than the private equity money. But it is the case that a lot of these master- planned communities are being developed for cash. In today’s market, it appears as if local banks can’t move quickly enough.


Development of

MPCs in North Texas


r e d N E W S . c o m 1 9

44.58 ACRES OFFICE / CORPORATE CAMPUS SITE

• Colonial Parkway (Park Row), east of Grand Parkway (SH 99)

• 44.58 Acres of Land (1,941,905 SF) - WILL SUBDIVIDE• 2,996.55’ on Colonial Parkway

• $15,535,240 ($8.00 PSF)

• Katy ISD

• Utilities - Harris County MUD 62 and 61

• Grand Parkway will be completed to IH-45/Exxon Campus

by 2015. The section to US 290 will be open in 2013

• Restricted to office, single family and office warehouse

A. David Schwarz III, [email protected]

The information provided herein was obtained from sources believed reliable, however Transwestern makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior to sale or lease, or withdrawal without notice.

FOR MORE INFORMATION:

Carlos P. [email protected]

~ 5,442 ACRES ~INTERSTATE 45

- I-45 FRONTAGE

- HOUSTON METRO NORTH

- DEVELOPMENT

- TRANSITION

- ADJOINS SAM H HOUSTON NAT’L FOREST

- $4,750/ACRE

ANDY FLACK, BROKER

[email protected]

WWW.HOMELANDPROPERTIES.COM

HOUSTON

5,442 ACRES

HUNTSVILLE

FM 1

374

FM 1374

NEW WAVERLY

NATIONAL FOREST

NATIONAL FOREST

NATIONAL FOREST

STATE PARK

I-45

LAKE CONROE

LAND / CHURCHESFOR SALE

Alief Church of Christ - 7130 Cook Road - 7,700 SF.. ....................SALE PENDING. ................$735,000

Land on Ella Blvd - 4.538 Acre ................................... SOLD .................................................... $325,000

Baytown Spanish SDA - 704 + 750 E Texas Ave - 4,200 SF. ................................................. $150,000

Majestic Christian Center - 3512 McLean Rd - 19,500 SF. ............................................... $1,500,000

Dome Church - South Acres at Scott Street - 57,000 SF.......................SALE PENDING........$3,740,000

3.9 Acres - 7225 Bellfort Avenue .......................................................................REDUCED........ $199,000

Channelview Area Church - 1100 Dell Dale ..................................................... REDUCED .....$1,995,000

League City UMC - 1411 West Main Street - 34,000 SF .................................................... $3,950,000

Land in Tomball, TX - Holderrieth & S. Cherry - 2.03 Acres ................................................. $230,000

Miracle Christian Fellowship - 16310 Chimney Rock - 15,000 SF..........SALE PENDING........ $855,000

Multipurpose Bldg - 710 College St. - 7,200 SF ................................................................... $650,000

Religious Facility in South Houston - Beaumont St. @ Illinois - 11,800 SF ....................... $799,000

Baytown Campus/Training Center Facility (Income producing property) - 301 Ilfrey .................$3,400,000

SE Area Church - 10050 Fuqua - 9,995 SF .................................SALE PENDING ...................$1,100,000

Trinity Fellowship Church - 9321 Edgebrook St. - 67,000 SF......... SALE PENDING .......... $1,300,000

Pasadena Church - 4444 Vista Rd. - 46,000 SF ................................................................. $1,200,000

Aldine Christian Church - 2233 Aldine Mail Rte. - 10,500 SF ......... SALE PENDING ............ $499,000

International Church Realty(713) 541-4005



Path of Progress in North Texas Continues Northward

Charlie Adams, a Dallas land broker with The Stratford Group, has been brokering land in the North Dallas areas since 1977. Brokering land related to master-planned communities consti-tutes the mainstay of what he’s done for the past 20 years with Republic Property Group in Dallas, one of his largest clients. Fre-quently, Charlie remains involved throughout the development process, eventually selling land or residential loans to home builders. Throughout the course of his career, Charlie has seen several cycles, the worst of which was the mid to late ‘80s. That downturn caused the greatest devastation; however, this last downturn was also severe. The main difference between the two business cycles is that during the most recent downturn, CRE business essentially stopped, but the Dallas market didn’t see all that many foreclosures. a significant aspect of the difference in this downturn versus the one back in the ‘80s is that banks took the attitude of ‘extend and pretend’ in the recent recession which somewhat protected the taxpayer, but wasn’t good for those indi-viduals who were in the CRE market. Essentially no transactions occurred; however, in the recent downturn, it is apparent that overall values were maintained.

The majority of growth in the Dallas area has been due north of Preston Road for the past 80 years. This growth pattern will con-tinue for as long as the toll roads keep extending. Shopping and other amenities to support that forward movement continue to be appealing to today’s buyer and developer. Dallas has created some MuDs, but not to the extent seen in houston, because in Dallas more land has been incorporated into the cities. Citizens in Dallas don’t want to create extra labor tax, so MuD Districts are rare as land has been annexed by the city.

There are, of course, some significant exceptions. The Bright fam-ily has developed Castle hills, a development that Charlie rep-resents. That project created a fresh water supply district and a public improvement district which was successful. This was pos-sible because the land was in the extraterritorial jurisdiction of a couple of cities and hadn’t been annexed yet. But there is no doubt that MuDs are harder to develop in Dallas than they are in houston.

Dallas area planned communities are generally smaller in scope and typically require less build-out time than the larger master plans seen in the houston area. The typical deal in Dallas is fin-ished in closer to 5 years rather than the 10 to 30 year time frame that it takes for the larger MPCs in the houston area. Charlie notes that it’s really critical for the larger master plans to have districts, and in the Dallas area they have been successful going forward when the districts are in place, but in the case where there’s no district in place, the developers still are very aware that they have to have a plan to get in and out before the next downturn.

Charlie, like many of the CRE professionals redNEWS spoke with for this month’s issue, agrees with the statement that land prices have gone up so dramatically that it is likely the market will see a plateau in the near future, particularly when it comes to the pric-es of residential lots. Single family lots are at twice the price they were during the last peak, which is unheard of.

When asked what advice he had for youngsters wanting to en-ter the CRE market; Charlie said,“Find a firm where someone will mentor you on a daily basis. That’s number one. The second piece of advice is that the new CRE professional should focus on an area and avoid getting distracted by activity that’s extraneous to that area. he/she needs to become the most knowledgeable person on the planet for his or her particular area of expertise in that one area, whether it’s land or income property, retail, office, whatever. There are lots of people who are only pretty good at a lot of things. New people need to strive to be the best at one thing!” Regarding the person interested in getting into develop-ment, Charlie’s advice is: “Find the right partner and have very little debt, and buy land in the best locations possible at a price that works. It’s pretty simple, really.”

One key fact that many relatively new land brokers have to be aware of: Land development is more competitive today because home builders have become competitors of developers. So the person who wants to develop in today’s market has to be much more knowledgeable, knowing that the competition is out there.



5300 Hollister Houston, TX 770406 MONTHS FREE ON 5 YEAR NEW DEALS STARTING @ $14.00 GROSS - LIMITED TIME

AVAILABLESUITES

LEASINGINFORMATION

BUILDINGFEATURES

• Attached parking garage• On-site management• On-site courtesy officer• Card-key access• Monitored security system with cameras

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Suite SF Available101 921220 1,758231 1,360245 5,590300 1,859320 2,910340 552350 3,691410 5,650500 1,298550 5,693

Vacant Big Box12336 Gulf Freeway

Houston TexasMajor Freeway Frontage

South Shaver Shopping Center

3316 Shaver Street Houston, Texas 77504

Long Point Square Shopping Center

8118 - 8130 Long PointHouston, Texas 77080

Location

Tenants

N

Property Description

+/- Gross Leasable S.F.

+/- Available S.F.

www.silvestriusa.com

713-785-6272

124,184

1,500 - 9,984

- Lewis Food Town- Bargain King Dollar- Beauty Shop- Lavilla Ballroom

south shaver shopping center3316 shaver street, houston, texas 77504

3- Mile Population . . .160,934

Median HH Income . . . $38,321

Total Housing Units . . . 55,074

Traffic Counts . . . 218,000

- Anchored by a Regional local Grocery Chain.- 2nd anchor space is available- Abundant parking- High traffic location

Building Size: 82,868 SFLot Size: 6.94 Acres

Year Build: 1984

+/- Gross Leasable S.F. 126,600+/- Available S.F. 18,900

- Center is conveniently located on I-10 between Dairy Ashford and Kirkwood close to Belyway 8

- Excellent visibility

- Spaces available for immediate move in at outstanding rates.

- Large parking to accomodate all business

- High Traffic Volume

+/- Gross Leasable S.F. 124,184+/- Available S.F. 1,500 - 9,984

- Anchored by a Regional local grocery chain.

- 2nd anchor space is available

- Abundant parking

- High traffic location

+/- Gross Leasable S.F. 77,005+/- Available S.F. 2,901 - 6,050

- Center is conveniently located on Long Point Road in the Spring Branch District.

- Excellent visibility- Spaces available for immediate move

in at outstanding rates.- Large parking lot to accomodate all

business.- Anchored by a Family Dollar,O’Reilly- Major shopping area and Post office

close by.

Office: 713.785.6272 silvestriusa.com

Tully Shopping Center12121 Katy Freeway

Houston, Texas 77079

Comparable Sales Map

Central Texas


Southeast Texas

Texas Land Development Transactions


North Texas

Compiled by


Jake Wagner is Co-President of the Dal-las-based Republic Property Group, a master-planned development company-which was founded by Rick Strauss in 1967. Wagner has been with the compa-ny approximately 8 years and oversees 3 long-term projects that have been in production since the late 1990s. Wagner feels very fortunate that, going into the late 2008, 2009 years, his company was in a great position with the projects that they had underway or on the drawing board. This certainly made recovery from the downturn an easier proposition. his

group is also fortunate in that they have excellent business partners. Wagner sees this as crucial to the company’s long-term success as the CRE market tends to cycle approximately every 7 years or so. Es-sentially all master-planned community development occurs within time frames that are measured in a minimum of 10-14 year periods. Republic Property Group’s relationships with other professionals in the industry is essential to the company’s ongoing vitality and con-tinued growth.

Lantana Project, which started in 1999, delivered its first phase of lots in mid 2001, right before September 11. The company success-fully weathered the aftermath of that event, with the result being that today, Lantana (1,700 acres) is three quarters built out, and has weathered the 2008-09 recessionary period. Wagner notes that his master-planned development company wouldn’t have been able to make it through these business and economic cycles without very patient strong partners, including equally committed equity partners and lenders.

Two projects that came after Lantana were Light Farms (900 acres) and Phillips Creek Ranch (950 acres). Wagner says, “Since we were in such a strong position with regard to Lantana during the downturns, we have been able to capitalize on distress opportunities rather than spend our time working through current problems, as unfortunately many others had to do. We purchased Light Farms real estate in early 2007, and then we purchased Phillips Creek in 2008. Last year we were able to begin development on both of those projects. During that same time period we evolved into a company developing one project, Lantana, into one of the largest residential developers oper-ating in today’s business community.”

Wagner believes that master-planned communities provide en-hanced value in the form of high quality amenities and the strict ar-chitectural and community guidelines that are in place in regard to the houses built within these communities. he sees this as signifi-cantly contrasting to houses that are built by one or more groups of builders working within subdivisions. although many of the subdivi-sions built today have many nice amenities, the controls in master-planned communities are not in place regarding the types of homes that can be built within the development. This fact becomes even more significant during a financial downturn. at that point, a buyer looking toward a new home purchase is more likely to be impressed by the value control built into today’s master-planned communities.

architecture and design are constantly evolving and changing. as a general rule, homes built today are significantly more energy effi-cient that homes built even five or ten years ago. While today’s buyers love the idea of energy efficiency, given the choice, home buyers are going to pick the granite countertops over the tankless water heater nine times out of ten. Of course builders are much better at explain-ing the long-term value in the form of home operating costs that come with the ‘green’ extras. and, actually, many of the features that ten years ago were considered ‘extras’, are standard for the builders’ homes in Republic Property Group’s planned communities.

In terms of capital available for development today, there is more eq-uity at the present time and lenders are once again interested in get-ting involved with residential developments. In Wagner’s company’s case, Republic Property Group has never been a group that shops different lenders and compares rates and tries to leverage something up as much as possible. They have a history of being much more con-servative, primarily because of the long-term nature of their projects. Wagner notes, “We’ve got really great equity partners and some re-ally strong loyal lenders that we work with on an ongoing basis. Dur-ing the downturn, our lenders worked through issues with us.”

although Wagner is very happy with the three large projects his com-pany is involved in, he is interested in ‘growing the company’, and so is always looking for opportunities and new potential projects. This means that they are looking for very large pieces of land based upon where the land is located and when they find a tract, they analyze the site’s readiness for development. In today’s market, builders are buy-ing land to develop, and with more companies wanting to get into the business, this increase in competition is driving land prices up.

Recently, several large tracts sold for significantly higher prices, causing regional large tract landowners to increase their asking pric-es to equally high top dollars. Some tracts can support the higher land prices, but others likely cannot, so feasibility has to be evalu-ated very carefully. all developers are aware of the fact that interest rates are going to increase at some point in the near future. When that happens, the ability of buyers to qualify for loans is going to be im-pacted. Wagner sees the increased competition and the interest rate fluctuations as already impacting the land market. Some of the frenzy to sell land at ever increasing price points is beginning to diminish in some areas.


In today’s market, builders are out there buying up land to develop, and there are more companies wanting to get into the business, and this increase in competition is driving land prices up.

Patience Pays Off



HOUSTON 1 20.12 acres Brittmoore & Clay Road $10/sf2 8.025 acres Red Bluff & Preston Road $1.25/sf3 1.08 acres Blalock & Clay $9/sf4 3.1 acres Hilcroft near Orem Road $2.25/sf5 41 unit mini-storage or 8,000+ sf Building $425,0006 20 acres Beautiful Grimes County Ranch Retreat $1.5 m

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6

uNDER CONTRACT


ray’s H O U S T O N C O M M E R C I A L B U Z Z

redNEWS Business Round-up - HotelsRAy HANKAmeR

Hankamer & Assoc , Broker , Houston Cont r ibu t ing Wr i te r

Over Thirty-Five years in the Business-Ray Hankamer / SW Inns, Ltd./Southwest Hotel management

rN: Tell us about the projects you have developed.

Hankamer: Beginning in 1966, we developed 14 full-service hotels, six limited service hotels, five suburban office buildings, and one apartment project. The hotel brands were holiday Inns, hampton Inns, Best Western, Ibis, Ramada, and others. The full-service ho-tels had banquet facilities, discos, restaurants, coffee shops, and of course hotel rooms. all were in Texas, and most in the houston area-2,440 rooms in all. all were franchised, and built and operated ac-cording to the specifications of the licensor. after a while we began operating hotels for others under management contract.

rN: How have architecture, design, and construction evolved since you first started developing in this segment?

Hankamer: The original franchise concept was to sell a “kit” to a novice who knew nothing at all about building or operating a hotel. This was in conjunction with the Interstate highway System span-ning the uS and bypassing all existing tourist court/motel strips on the old national highways. The original holiday Inn prototype was concrete slab and concrete block construction-all masonry. This made the hotels largely fireproof and soundproof. Exterior corridor hotels were the fashion of the day.

Over the years, however, many de-velopers’ equity was swept away with the turn to interior corridor construction for security reasons. This rendered the former design obsolete and the franchisors, to please their travelers, refused to re-new expired licenses on the older design.

Now hotels are smaller on average, since most elect not to include the once-required food and bever-age service, and they are built with “sticks and bricks,” cheaper and faster (but less durable) than all-masonry.

rN: How has financing your developments evolved, i.e.is the

capital stack the same? Are the funds coming from the same general sources, and in the same percentages-equity and debt?

Hankamer: When we started, the ONLy source of mortgage money was life insurance companies. They stayed on top of supply and demand in the markets where they were active lenders, and kept it in balance as best they could. When local banks jumped in and started making commercial mortgages, willy-nilly construction could explode in the same market, leading to overbuilding, since no one knew what anyone else was doing.

Our financing was simple: equity + a mortgage. Equity came from partners and / or ourselves. The use of second mortgages was rare. The mini-perm did not exist, nor did CMBa (commercial mortgage backed securities). The goal “in the old days” was to get a 20 year mortgage, work hard for its term and pay it off, and then enjoy the cash flow from a “free and clear” hotel. how things have changed!

We were able to secure loans ranging from 60-80% of cost going in, depending on personal guarantees or not, and their strength. To-day that % may be 50-75%, although as the economy strengthens and lenders become more competitive, they are willing to lend a little more to get the deal.

Today, most franchisors just give ten year licenses and most lenders have ten year balloons-or shorter. So if there is still substantial debt at the end of ten years, and you have a brand affiliation or an architectural type or location which has gone out of favor, you have a problem. Step-ping down to a lesser brand can erode huge chunks of value with the signing of the new license.

rN: How does the availability of good sites compare to “the early days,” and does the cost of dirt still amount to about the same percent-age cost of projects now, as then?

Hankamer: as the Interstate high-way System went in, at first it was

ridiculously easy to get perfect sites for very little money. Look today at all the old hotels along the Interstate. They are in the best locations.


I remember a meeting in a New Mexico farmhouse where a big clover-leaf of I-10 was going to be located on his farm. We wanted a four acre site right at the exit ramp for a holiday Inn. The farmer gritted his teeth and said, “you are not going to like the price I will require: not a sale but a lease.” he hesitated and then spoke his price: $900 per month. It was all we could do to maintain a neutral look on our faces and then ‘be-grudgingly’ accept his terms. (No escalation and this was in 1967). But the farmer was thinking of what amount of mailbox money could make his life seriously easier, and we agreed to pay it.

Today, in the urban areas, it is very difficult to get a site. On the other hand, it is not so important to have a site that the traveler can see and see how to get to, all while traveling at 70 mph, which was our criterion in the beginning. Today most people have an advance reservation, and we figure if they can see you on MapQuest they can get there.

Sites often take up a much larger percentage of the development bud-get. The limit one can allocate to a site and still make the numbers work is around 20%, and 10% is ideal. Like all rules of thumb, though, vari-ables may affect even these percentages.

rN: Is your management team growing, or do you outsource more now than before?

Hankamer: We sold our last two hampton Inns in 2006. Now we focus on the brokerage side of the hotel industry; putting buyers and sellers of hotels and hotel sites together, and consulting. My staff has declined from about 1,000 to one full-time and four part-time.

rN: What project do you have fondest memories of?

Hankamer: We opened the holiday Inn of houston-NaSa opposite the

Manned Spacecraft Center in 1966, and I was general manager (“Inn-keeper”, in holiday Inn-speak at the time). although the race to the moon was going full bore, the market was very competitive and we had to promote each department hard to get our fair share of the business. We were on first name terms with many of the original astronauts, and their families used our large hotel swimming pool in the summer on a complimentary basis. The world press filled us up with every launch, and we knew all of them well after a time. The Blue angels and The Thunder birds, crack aerobatic teams, stayed with us on alternating years during their Ellington air Show, and they filled our bar with lo-cal cuties. We threw luaus open to the public and gave our club over on some weekends to the local melodrama club. I let a local radio station broadcast their morning show from our hotel lobby. I learned that “show business” and promoting ‘sells’ in the hotel / real estate world. after a time we were forced to expand our hotel by 50% more rooms, as some of our competitors weakened.

rN: What advice do you have for young professionals just entering your segment of Commercial Real estate?

Hankamer: Start off with a smaller, hands-on developer instead of one of the big chains. Get your hands dirty. Work long hours doing all the jobs in the hotel, so you can manage others later with credibility in those same jobs. The exciting thing about being with a smaller developer is that you can learn all the facets of the profession: real estate, finance, architecture, facilities management, accounting, marketing, human re-sources and training, legal, interior design, franchisor relations, land-scape design and maintenance, and how to manufacture and deliver a delightful hospitality product to your guest.

1004 Prairie StNow Managing and Leasing

708 Main StNow Managing and Leasing

Building Features• Suites range from 430-7,548 SF• Recently renovated suite ready for

move-in• 24-hour secure building access• Fronts the METRO rail line• Central Downtown location• Easy access to I-45, I-10 & US-59

Building Features• 2,762 SF Available• Recently renovated suite

ready for move-in• 24-hour secure building

access• Fronts the METRO rail line• Central Downtown location• Easy access to I-45, I-10 &

US-59

Trey Miller832-524-5579

[email protected]

Brian Hines713-580-3957

[email protected]

Gross Rates Starting at $17/SF Gross Rates Starting at $23.50/SF

Space Available For Immediate Lease5% Broker Bonus Until 12/31/13

Suite 2002,762 SF


Lake Houston

Park

Galveston Bay

Gulf ofMexico

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Lake

Houston

Lake Conroe

SmithersLake

HarrisReservoir

Eagle NestLake

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State ParkLa Marque

League City

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Clear LakePearland

Manvel

Iowa Colony

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BRAZORIA COUNTY Galveston

BRAZORIA COUNTY

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Angleton

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Fairfield

Cypress

HockleyKlein

SpringTomball

Huffsmith

Rose Hill

Stagecoach

The Woodlands

Conroe

Cut and Shoot

MagnoliaSplendora

New Caney

Porter

Kingwood

Cleveland

SAN JACINTO COUNTY

LIBERTY

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Willow Creek

1093

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10

Date: April 29, 2013

Lake Houston

Park

Galveston Bay

Gulf ofMexico

West Bay

Lake

Houston

Lake Conroe

SmithersLake

HarrisReservoir

Eagle NestLake

Brazos Bend

State ParkLa Marque

League City

Santa Fe

Clear LakePearland

Manvel

Iowa Colony

Thompsons

Richmond

BeachCity

La Porte

Mont Belvieu

610

AddicksReservoir

BarkerReservoir

LIBERTY CO

UN

TY

HAR

RIS C

OU

NTY

HARRIS COUNTY

MONTGOMERY COUNTY

LIBERTY COUNTY

CHAMBERS COUNTY

HAR

RIS C

OU

NTY

Dayton

Humble

Baytown

Pasadena

GALVESTON COUNTY


BRAZORIA COUNTY

COUNTY

FORT BENDCOUNTY

Alvin

Angleton

Needville

Rosenburg

Sugarland

Bellaire

Houston

Katy

FORT BEND

COUNTYWALLER COUNTY

HAR

RIS C

OU

NTY

WALLER

CO

UN

TY

Fairfield

Cypress

HockleyKlein

SpringTomball

Huffsmith

Rose Hill

Stagecoach

The Woodlands

Conroe

Cut and Shoot

MagnoliaSplendora

New Caney

Porter

Kingwood

Cleveland

SAN JACINTO COUNTY

LIBERTY

COUNTY

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Arcola

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FORT BEND C

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BRAZORIA COUNTY

105105

8

BS288

35

35

35

3

3

36

36

MissouriCity

75

336

336

Chocolate Bayou

Clear Creek

Dick inson Bayou

Oys

ter C

reek

Brazos Riv

er

Brazos River

Oyster Creek

Buffalo B ayou

White O ak Bayou

Cypress Creek

Cypress Creek

Greens Bayou

Greens Bayou

Spr ing Cr eek

CaneyC

reek

Peach Creek

East

Fork

San

Jaci

nto

Riv

er


Lake Creek

Spring Creek

Ced ar Bayou

ArmandBayou

Trin

ityRi

ver

149

1435

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1491774

2854

3083

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1484

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SH 99: The Grand ParkwaySegment Status Map


Legend

0 105Miles

Feet264000 52800

Complete, open to traffic (D and I2A) Contracted, open to traffic in 2015 (F1, F2, G) Contracted, open to traffic in 2013 (D/E) Approved environmental document (C and I2B)

Environmental studies ongoing (B, H, I1) Completed Feasibility Study (A)

Lake Houston

Park

Galveston Bay

Gulf ofMexico

West Bay

Lake

Houston

Lake Conroe

SmithersLake

HarrisReservoir

Eagle NestLake

Brazos Bend

State ParkLa Marque

League City

Santa Fe

Clear LakePearland

Manvel

Iowa Colony

Thompsons

Richmond

BeachCity

La Porte

Mont Belvieu

610

AddicksReservoir

BarkerReservoir

LIBERTY CO

UN

TY

HAR

RIS C

OU

NTY

HARRIS COUNTY

MONTGOMERY COUNTY

LIBERTY COUNTY

CHAMBERS COUNTY

HAR

RIS C

OU

NTY

Dayton

Humble

Baytown

Pasadena

GALVESTON COUNTY


BRAZORIA COUNTY

COUNTY

FORT BENDCOUNTY

Alvin

Angleton

Needville

Rosenburg

Sugarland

Bellaire

Houston

Katy

FORT BEND

COUNTYWALLER COUNTY

HAR

RIS C

OU

NTY

WALLER

CO

UN

TY

Fairfield

Cypress

HockleyKlein

SpringTomball

Huffsmith

Rose Hill

Stagecoach

The Woodlands

Conroe

Cut and Shoot

MagnoliaSplendora

New Caney

Porter

Kingwood

Cleveland

SAN JACINTO COUNTY

LIBERTY

COUNTY

MO

NTG

OM

ER

Y CO

UN

TY

GR

IMES C

OU

NTY

WALLE

RC

OU

NTY

Arcola

MONTGOMERY

COUNTY

HARRIS

FORT BEND C

OUNTY

BRAZORIA COUNTY

105105

8

BS288

35

35

35

3

3

36

36

MissouriCity

75

336

336

Chocolate Bayou

Clear Creek

Dick inson Bayou

Oys

ter C

reek

Brazos Riv

er

Brazos River

Oyster Creek

Buffalo B ayou

White O ak Bayou

Cypress Creek

Cypress Creek

Greens Bayou

Greens Bayou

Spr ing Cr eek

CaneyC

reek

Peach Creek

East

Fork

San

Jaci

nto

Riv

er


Lake Creek

Spring Creek

Ced ar Bayou

ArmandBayou

Trin

ityRi

ver

149

1435

1488

1488

1488

1488

1491774

2854

3083

1314

1484

830

249

2978

242

105

242

1314242

2090

1485

1010

787

20251725

321

105

163

1008

1960

1406

2100

494

686

146

1314

2920

29202920

2920

6

529

529

6

6

8

249

249

1960

1960

1960

1942

1960

8

5652100

146

146

2354

8

288

8

610

610

61045

45

10 10

10

90

59

90

59

90A

290

9090 10

10

1093

1454

1463

723

359

6

36

2977

762

59

90A

59

90A

2759

2234

288

225

1128

521

528518

270

1266

2094

3436

646

2351

146

1764

646

617

6 2004

2403

2917

2004

3006

1765

523

521

288

36

655

442

1236

360

1994

1462

45

45

290

290

45

59

45

45

59

59

90

90


Willow Creek

1093

96

10

SH 99: The Grand ParkwaySegment Status Map


Legend

0 105Miles

Feet264000 52800

Complete, open to traffic (D and I2A) Contracted, open to traffic in 2015 (F1, F2, G) Contracted, open to traffic in 2013 (D/E) Approved environmental document (C and I2B)

Environmental studies ongoing (B, H, I1) Completed Feasibility Study (A)

TBD – Camp Strake Property Conroe

JohnsonDevelopment2175AcresWoodforest

MontgomeryJohnsonDevelopment

3000Acres

TBD – 2014 LaunchTomball

TollBrothers/CernusDevelopment692Acres

Cane Island Katy

RiseDevelopment1000Acres

Cross Creek Ranch Fulshear

JohnsonDevelopment3200Acres

Willow Creek Farms Brookshire

JohnsonDevelopment202Acres Imperial

SugarLandJohnsonDevelopment

750Acres

Edgewater Webster


Fall Creek Humble


Valley Ranch (re-start)Porter

TheSignorelliCompany1500Acres

HarmonyMontgomeryCountyJohnsonDevelopment

1000Acres

TBD – 2014 LaunchSpring

TollBrothers600Acres

Springwoods Village SpringCDC

1800Acres

2013 Master Planned Communities - Houston Region

The above information has been compiled from various sources. Please tell us what we’ve missed so we can continue to update this map for you and the rest our readers. Thank you to Bernard Kaplan with Kaplan PR

Services for his assistance with the Johnson Development Corp projects.


Light FarmsCelina

Republic Property Group908 Acres

Trinity FallsMcKinney

Castle Hills Partners (purchased)1700 Acres

Windsong RanchProsper

Terra Verde 2000 Acres

Phillips Creek RanchFrisco


Parker LakesideParker

Huffines Communities600 Acres

Lantana Argyle

Republic Property Grou1700 Acres

Canyon FallsFlower Mound - NorthlakeWheelock Street Capital

1200 Acres

Chisholm Trail RanchSouthwest Fort Worth

Legacy Capital Company600 Acres

Fairway RanchRoanoke

Wilbow Corporation447 Acres

Light FarmsCelina


Harvest (formerly Belmont) Northlake-Argyle

Hillwood/Realty Capital 1100 Acres

2013 Master Planned Communities - Dallas/Fort Worth Region

Dallasfort worth

The above information has been compiled from various sources. Please tell us what we’ve missed so we can continue to update this map for you and the rest of our readers. Thank you to David Brown with Metrostudy – Dallas for his assistance.


Veremendi (2600 acres)isthelargestdevelopmentinNewBraunfels’history.Sevenyearsago,Australiandeveloper,ASAProper-tiescametoTexaslookingforaplaceto“buildanewtown”andpurchasedtheWord-BorcherRanch.5500homesareplannedaswellasretail,multi-family,medical,educational,etc.

The Crossvine (500 acres)brokegroundinJuly2013.ItisaJVbetweenthedeveloperandtheCityofSchertz.ThefirstphaseofTheCrossvinewillinclude121single-familyhomes.DavidWeekleyHomesandRylandHomesareprojectedtobeginbuildinghousesintheneighborhoodinthefirstquarterof2014.

Sweetwater, et al (1000 acres) Highway 71 & Lakeway.WheelockStreetCapitalboughtoutofforeclosure.Developerplanstohave1600residentiallotswithnextsectiondeliveredbyyearend.

Johnson Ranch (767 acres),developedbyDHInvestmentCompanyisnearBulverde,TexasonUS281&FM1863.Itwasapprovedin2008andplacedonholdin2009.DHInvestmentCorestartedthedevelopmentin2012andalsosold287acrestoLennarforhomedevelopment.Currently1100lotshavebeensoldand630homesbuilt.

Travisso (2100 acres)purchasedjointlybyTaylorMorrison&TollBrothersfromthedeveloperofCrystalFalls,TheLookoutGroup.OriginallyknownasCrystalFallsWest,thenewownershavechangedthenametoTravissoandwillbeginsellinghomesSpring2014

Rancho Siena (500 acres) waspurchasedisJune2013byNewlandRealEstateGroupinaJVwithJapanesehomebuilder,NorthAmericaSekisuiHouse.LocatedatSECHighway29&RonaldReaganBlvdinNWLeander,thedevelopmentwillinclude1455residentiallots&167acresofrecreationalame-nities,parks&openspaces.

2013 Master Planned Communities - Austin/San Antonio RegionAlthough the development of Master Planned Communities is not as active in Central Texas as it is in the Dallas/Ft Worth/Houston region, the concept of MPCs continues to grow in strategic locations throughout the state based on transportation and proximity to major cities.

The above information has been compiled from various sources. Please tell us what we’ve missed so we can continue to update this map for you and the rest of our readers. Thank you to Madison Inselmann with Metrostudy – Austin and Craig Hall – Craig Real Estate for their assistance.

san antonio

new braunfels

san marcos


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what’s happeningin CRE TExas

The following pages contain a calendar of Texas CRE

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events C a l e n D a r

October 1 – TuesdayHouston BOMASpecial Events Committee Meeting3:30p – 4:30pwww.houstonboma.org

October 1 – TuesdayIREM Houston Celebrating Women in the Work-place Luncheon – Kelli Gilpin11:30a – 1:00pwww.iremhouston.org

October 2 – WednesdayCREW HoustonAnnual Economic Forecast Lun-cheon – Marci Rossell 11:30a – 1:30pwww.crewhouston.org

October 2 – WednesdayGreater Houston Partnership - Small Business WebinarOnline - Members Only – Stephen King, CPA, CGMA9:00a – 10:00awww.houston.org

October 3 – ThursdayNAIOP - HoustonFall Event - When Houstonians Ruled the Earth7:00p – 10:00pwww.naiophouston.org

October 4 – FridayCREN Houston Luncheon11:00a – 1:00pwww.crengulfcoast.com

October 8 – TuesdayHouston BOMA – LAC MeetingHouston, Texas7:30a – 8:30awww.houstonboma.org

October 8 – TuesdayGreater Houston Partnership Luncheon – The Hon. Mr. Gustavo Arnavat11:30a – 1:00pmwww.houston.org

October 9 – WednesdaySIOR HoustonBusiness Meeting11:30am – 1:00pwww.siorhouston.com

October 10 – ThursdayCCIM HoustonLuncheon – Scott McClennan 11:30a – 1:00pwww.ccimhouston.org

October 10 – ThursdayHRBC - HoustonJunior League 7:30a – 8:30awww.houstonrealty.org

October 10 – ThursdayHouston BOMA EXPO Committee3:30p – 4:30pwww.houstonboma.org

October 10 & 11 – Thur – Friday South Texas College of Law - Houston16th Annual Commercial Real Estate – Super MCE7:30a – 5:25pwww.stcl.edu;www.siorhouston.com

October 14 – MondayCREAM HoustonLuncheon – The Honorable Ryan Gable 11:00a – 1:00pwww.creamtx.com

October 14 – MondayIREM - HoustonIREM Public Policy Committee Meeting11:30a – 1:00pwww.iremhouston.org

October 17 – ThursdayFBSCR - Sugar Land Monthly Meeting8:00a – 9:00awww.fbscr.com

October 17 – ThursdayIREM - HoustonIREM Young Professionals Happy Hour5:00p – 6:30pwww.iremhouston.org

October 17 – ThursdayBACREN - HoustonMonthly Luncheon Speaker – Eric Standlee11:00a – 1:00pwww.bacren.com

October 18 – FridayCREN Houston - MarketingMarketing Session – KW Commer-cial Gulf Coast7:15a – 9:00awww.crengulfcoast.com

October 21 – MondayHouston BOMA Golf Class - Tournament in Cypress, Texas8:00a – 3:30pwww.houstonboma.org

October 23 – WednesdayGreater Houston Partnership3rd Houston Shipping and Office Conference7:00a – 4:15pwww.houston.org

October 24 – Thursday10th Annual Commercial Real Estate Texas Hold ‘Em Poker TournamentHouston, TexasDoors open at 5:00p, play begins at 6:00pRSVP: [email protected]

October 24 – ThursdayULI Houston - LuncheonCapital Markets and Real Estate Investment 11:30a – 1:00pwww.uli-houston.org

October 28 -31; Mon. - Thur.Houston BOMA RPA Leasing & Marketing8:00a – 5:00pwww.houstonboma.org

October 29 – TuesdayACRP - HoustonGolf Meet & Greet Happy Hour 5:30p – 7:30pwww.acrp.org

October 31 – ThursdayCREN - Houston Happy Hour Houston, Texas4:30p – 7:00pwww.crengulfcoast.com

October 31 – ThursdayGreater Houston PartnershipState of the Port Boat Tour & LuncheonTour: 8:00a – 11:00a; Luncheon: Noon – 1:30pwww.houston.org

SoutheaSt texaS (houSton area)

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IREM AUSTIN PRESENTS ETH800 -Ethics for the Real Estate Manager

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Contact Ginger Coleman at 713.783.0297or [email protected] /www.ccimhouston.org

CCIM Course ScholarshipsCI 101, CI 102, CI 103, CI 104

or CCR & Exam

Available to current Houston/Gulf CoastCCIM Chapter Members

Networking Educat ion Technology


October 1 – TuesdayBOMA FWMembership Monthly Luncheon11:30a – 1:00pwww.bomafortworth.org

October 3 – ThursdayCCIM North Texas - DallasSporting Clays Events benefitting Chapter Scholarships11:30a – 1:00pwww.ntccim.com

October 3 – ThursdayTREC – DallasYoung Guns Forum: Forgotten Dallas6:00p – 8:00pwww.recouncil.com

October 4 – FridayNTCAR - DallasDFW Airport Market Industrial Bus Tour Dallas, Fort Worth, Texas12:00p – 4:00pwww.ntcar.org

October 9 – WednesdayIREM DallasIREM Young Professionals Lunch & Learn11:30a – 1:00pwww.irem-dallas.org

October 10 – ThursdayNTCAR - DallasReal Estate Economic Forum – Speaker K.C. Conway7:30a – 9:00awww.ntcar.org

October 16 - WednesdayNAIOP - DallasAnnual Golf Tournament - The Colony, Texas11:00a – Registration; 12:30p – Shotgun Startwww.northtexasnaiop.com

October 17 – ThursdayCCIM DallasLuncheon – Don Braun 4:30 – 6:00pwww.ntccim.com

October 24 – ThursdayTREC - DallasGiving Gala6:00p – 11:00pwww.recouncil.com

October 24 – ThursdayBOMA DallasYoung Professionals Happy Hour in Addison5:00p – 8:00pwww.bomadallas.org

October 30 - WednesdaySCR-FWBreakfast7:30a – 9:00awww.scr-fw.org

October 31 – ThursdaySCR-FW BreakfastFort Worth, Texas7:30a – 9:00awww.scr-fw.org

October 2 – WednesdayCCIM Austin - Luncheon Winston J. Krause of Krause & Associates 11:30a – 1:00pwww.ccimtexas.com

October 2 – WednesdayWCR San AntonioBusiness Resource Meeting11:00a – 1:00pwww.wcrsanantonio.org

October 3 – ThursdayRECA AustinMembership Luncheon11:30a – 1:00pwww.recaonline.com

October 3 – ThursdayCTCAR - AustinProp Info Exchange & MCE in Killeen11:00a – 4:00pwww.ctcaronline.com

October 8 – TuesdayIREM Austin Monthly Luncheon11:30a – 1:00pwww.iremaustin.org

October 8 – TuesdayCREW San Antonio Monthly Luncheon11:30a – 1:00pwww.crew-sanantonio.org

October 10 – ThursdayIREM San AntonioMonthly Luncheon11:30a – 1:00pwww.iremsanantonio.org

October 10 – ThursdayCTCAR – Austin Signature Event - “Catalysts for Change”11:30a – 4:00p – Happy Hour to followwww.ctcaronline.com

October 15 – TuesdayCREW AustinAnnual Members Only Meeting11:30a – 1:00pwww.crewaustin.com

October 16 – WednesdayRECA - AustinFall Fete Membership and Recruitment Party5:30p – 7:30pwww.recaonline.com

October 19 – SaturdayIREM San AntonioVolunteer for Over the Edge 7:30a – 5:00pwww.iremsanantonio.org

October 19 – SaturdayRECA - AustinChristmas in October8:00a – 12:00pwww.recaonline.com

October 21 – MondayCREW Austin10th Annual Golf Adventure 11:30a – 7:00p www.crewaustin.com

October 23 – WednesdayULI Austin – Monthly BreakfastAustin, Texas7:30a – 9:00awww.austin.uli.org

October 23 – WednesdayCLBA – Austin CBA Real Estate Challenge1:00p – 6:00pcbaaustin.nationbuilder.com

October 31 – ThursdayBOMI/BOMA – Austin The Design, Operation &Maintenance of Building Systems6:00p – 9:00pwww.bomaaustin.org

events C a l e n D a r

“Commercial Lease Analysis, Comparison & Lease vs Own”

9 hours of MCE - Course #09-00-035-25248 - Provider #0287 Instructor Cliff Bogart, CCIM

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north texaS (dallaS/ft.worth area)

Central/South texaS (auStin/ San antonio area)


n e t w o r k i n g

Out and about – Texas CRE NetworkingAugust & September offered a lot of opportunities to rub elbows with colleagues and hear informative speeches about the market. Remember to keep an eye out for Karisa and tell her you want your picture in redNEWS!

To view more photos go to:http://www.rednews.com/networking-event-photos

CCIM Luncheon1. Holden Rushing, Studley; Kathy Hertweck, Regus

2. Aelicia Bayliss, CRG; Cindy Nguyen, Transwestern; Morgan Moliver, Phase Engineering

CCIM Partner Appreciation event3. Bill Odle, Mark Sappington, William Fendley of CobbFendley

CREN Luncheon4. Russell Simmons, Texas Area Properties; Jeanette Kew, NYT Realty Commercial; Steven Stone, KM Realty Management, LLC; Jonathan Brinsdon, Midway

5. Shelly Baker, Veritas Title Partners; Bill Dampier, Tradition Bank

Fort Bend Society of Commerical Realtors6. Peter Jacob, Rubicon Realty Group; Jim Shaw, ICO Commercial

7. Mary Gayle Brindley, Amegy Bank; Regina Morales, City of Sugar Land

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N E T W O R K I N G

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CTCAR Luncheon1. Robert Burke, Winstead; Gay Ruggiano, Kucera Co.; Syd Xi-nos, Doucet & Associates

2. Daniel Gonzales, T.A.R.; Rhonda West, CCIM, West Com-mercial; Harry Gibbs, CCIM, KW Commercial

CREW Luncheon1. Michele Langenberg, TIER REIT; Kmeal Winters, TEIR REIT; Elissa Plotsky, North American Title Group; Jan True, CSM, Beck Ventures

How our CRE Members give back...For the past 10 years, Steve Pali of Palico, Inc. and his family have been a part of the Mobility Mission Team that takes mobility aids (wheelchairs, crutches, canes, walkers) to the disabled poor in Mexico and Central America. Last year their mission trip took them to Guatemala where they supplied 150 wheelchairs to the needy.

The team has planned a similar mission trip in 2014 and are currently raising funds for another 150 wheelchairs at a cost of $200 each.

If you would like to make a donation, please call Steve at 281-931-9400

or email [email protected] and he can tell you how you can help.


Region: souTh EasT TExas for details on these deals, announcements & more, go to redNEWS.com

Wyatt McCulloch CBRE

David Boyd Cushman Wakefield

Brandon BeanCushman Wakefield

Darin C. GosdaCBRE

Damon Thames Colvill Properties

Doug KnausJLL - Houston

Thomas GettyBoxer Property

City Size Address Tenant/Buyer/Seller Broker Representative

Houston - 77056 Westin Galleria & Westin Oaks Houston Inland American Lodging Group, Inc. (B) N/A

Houston - 77011 48,500 6501 Navigation TreadWright, LLC (T)/ Levey Group (L) Cushman and Wakefield (LR)/Cassidy Turley

Houston - 77040 22,942 6511 West Little York Road Cameron International Corporation (T)/Levey Group (L) Newmark Real Estate (TR);Cushman and

Houston 1,300,000 5 Buildings - Southeast, Southwest and Central Districts "a global investment manager" (S) CBRE (SR)

Houston - 77041 75,000 13813 FM 529 Deepwater Corrosion Services (B)/Mac Process LLC (S) NAI Houston (BR)

Houston - 77088 84,242 7710 N. Shepherd Dr. La Ranchera Tortilla Factory(B) Hendricks Commercial

Amigos Realty (BR); Evtex Companies (SR)

Houston - 77041 22,500 7542 Fairview Laser Welding Solutions, LLC (B)/ Heard Development (S) NAI Houston (BR)/Scott Heard (SR)

Houston - 77064 91,451 Legacy Business Park Adler Kawa (B) / GID (S) HFF (SR)

Houston - N/A 110,400 Bammel Business Park Adler Kawa (B) / GID (S) HFF (SR)

Baytown 2.893 Acres Rollingbrook Drive and Shady Hill Texas 313 LLC (B)/ L&J Final Edition (S) Claire Sinclair Properties, LLC (SR)

Baytown .5909 Acres W. Baker Rd, (West of Emmett Hutto Blvd) Moon Rentals LLC (B)/ Jeffrey S. Terry (S) Claire Sinclair Properties, LLC (SR)

Dayton 15 Acres N. Highway 146 N&L Enterprises, LLC (B)/ Adolfo Rubio & Raquel Lumbreras Claire Sinclair Properties, LLC (SR)

Houston - 77056 23,588 1775 St. James Place Mattress Firm (T), BMS Management, Inc. (L) Studley (TR), Newmark Grubb Knight Frank

Houston - 77076 45,500 550 Canino Road IFCO Systems (T), NATMI National FX Properties, LLC (L) DTZ Americas, Inc.(TR)/ NAI Houston (LR)

Pearland - 77584 37243& 34983 9307 Broadway (FM 518) & 9223 Broadway (FM 518) "financial institution"(S) Marcus & Millichap (BR & SR)

Corpus Christi - 78411 25,000 5201 Blanche D. Moore Drive Brandenburg Properties (S) CBRE (SR)

Houston - 77079 57,811 14811 St. Mary's Lane BGK Intergrated Group(S)/ Mission Equities (B) HFF(SR)

Houston - 77027 201,720 2200 West Loop South Paramenter Realty Partners (S) HFF (SR)

Houston - 77046 4,000,000 Greenway Plaza Crescent Real Estate Holdings LLC (S);Cousins Properties (B) HFF (SR)

Katy - 77494 40,000 25772 Kingsland Amani Investments, LP (B) / MetroBank, N.A. (S) Cushman & Wakefield (SR)

Houston - 77095 193,595 Easton Commons - NE Corner of Highway 6 and West Road The Huntensky Group/American Realty Advisors (S)/

HFF (SR)

Katy - 77494 68,990 Park Plaza Centre Texas Pacific Properties (B)/ Thompson National Properties

Marcus & Millichap (SR)

New Developments Size Address Name/Tenant DeveloperApartments - Houston 316,000 2111 Westheimer (former Café Adobe) 2111 Westheimer Hines

Apartments - Houston n/a Just North of I10 in The Heights Arlington-Columbia Development, LLC (B)/The Arlington

Hankamer & Associates Brokers, LLC Industrial - Houston 351,250 I45, south of Beltway 8 Greenspoint Business Center IDI

Industrial - Missouri City 208,800 South Gessner Road & Highway 90 Beltway Crossing Business Park Stream Realty Partners

Medical - Galveston 11 Acres 61st Street UTMB/The Sealy & Smith Foundation The Sealy & Smith Foundation

Mixed Use - Houston n/a Richmond & Wakeforest Vitol (Office Tenant) Cushman & Wakefield (TR) Midway Development

Office - Houston 167,000 2229 San Felipe N/A Hines

Office - Houston 325,000 West Memorial Place N/A Skanska USA

Office - Houston 122,000 West Memorial Place Petroleum Geo-Services (T); CBRE (TR) Skanska USA

Office - Houston 175,000 12140 Wickchester Lane Jacobs Engineering (T) PM Realty Group (development partner)

Office - Houston 154,213 1585 Sawdust Road/The Reserve at Sierra Pines II N/A Stream Realty Partners

Office - Pasadena 67,000 5213 Center Street The Houston Area Safety Council Houston Area Safety Council

Theme Park -New Caney 600 Acres New Caney, Texas - US 59 and Highway 242 New Caney Theme Park Innovative Leisure Partners

Hotel Sold

Industrial Leased

Industrial Sold

Land Sold

Office Leased

Office Sold

Retail Sold

CRE PEoPlE on ThE movE

L = Landlord • T = Tenant • B = Buyer • S = Seller • SR = Seller Rep • BR = Buyer Rep • TR = Tenant Rep • LR = Landlord Rep


City Size Address/Property Name Tenant/Buyer/Seller Broker/Representative

Dallas - 75220 77 Units Bachman Glen at 2555 Webb Chapel Extension Bachman Glen Joint Venture (B) / "A national lender" (S) Marcus & Millichap - (BR/SR)Fort Worth - 76219 118 Units The VUE at Texas Christian University Inland American Communities (B) CBRE (BR/SR)Fort Worth - 76219 40 Units Lowden Terrace at 2200 West Lowden Street "A Fort Worth Based LLC" (B)/ Clarus Investment 4 LLC(S) Marcus & Millichap - Fort Worth (BR/SR)Plano - 75025 548 Units Bella Vida at 9601 Custer Road Atlas Real Estate Partners (B)/Virtu Investments(S) N/A

Dallas - 75006 43,146 1200 Trend Drive Starpower Home Entertainment Systems(T)/EastGroup Properties(L) Mercer Company (TR)/Lee & Associates (LR)

Dallas - 75247 18,000 4647 Leston Avenue Southland Farm Store (T)/Regal Business Center, LLC (L) National Real Estate Group (TR)/Colliers International (LR)

Dallas - 75247 20,600 4653 Leston Avenue Export Global Metals, Inc. (T)/Regal Business Center, LLC (L) Mercer Company (TR)/Colliers International (LR)

Dallas - 75247 55,915 5019 Pulaski Street Wilson Office Interiors (T)/ DRA Advisors (L) Stream Realty Partners (TR/LR)Grand Prairie - 75050 54,125 907 Avenue R PGT Holdings Inc. (T)/DFW I Investors LLC (L) Bradford Commercial Real Estate(TR)/Holt

Lunsford Commercial(LR)Grand Prairie - 75051 77,510 739 S Parkway Drive Lear Operations Corporations (T)/First Industrial Texas, LP (L) CBRE - (TR)/ CBRE Dallas (LR)

Grand Prairie - 75247 24,128 2501 109th Street Harrah Industries (T) /Prologis (L) Stream Realty Partners (TR)/Prologis (LR)Grapevine - 76051 12,000 1200 Texan Trail RaceTrac Petroleum (T)/ Tarrant County Properties (L) CB Richard Ellis (TR)/Colliers International (LR)

Irving - 77051 8,432 9155 Sterling Street Chrane Food Services (T)Freeport Commerce Center I (L) Jones Lang LaSalle Americas, Inc (TR)/Stream Realty Partners (LR)

Irving - 77051 10,795 9155 Sterling Street Austco (T)/Freeport Commerce Center I (L) Bradford Commercial Real Estate (TR)/Stream Realty Partners(LR)

Lewsiville - 75056 90,710 2525 State Highway 121 PPG Industries, Inc. (T)/ Stockbridge(L) Stream Realty Partners (TR/LR)

Dallas 1,300,000 10 Buildings - Great Southwest/Arlington and Northeast Dallas "A global investment manager" CBRE (BR/SR)Fort Worth - 76219 754,554 Northlake Industrial Center & Towne Lake Business Park Two Panattoni Development (S)/ Cabot Properties (B) HFF (SR)

Carrollton - N/A 19 Acres SH 121 and Hebron Parkway The Victory Group (B)/HCB Indian Creek Texas, LLC (S) Venture Commercial's Land Division (BR)/Patman Realty Company (SR)

Dallas - 75240 25,070 5501 LBJ Freeway Wingstop Head Quarters (T)/TR LBJ Campus Partners (L) Stream Realty Partners (TR)/Thompson Realty(LR)

Dallas - 75206 22,442 Two Energy Square at 4849 Greenville Ave. Stonegate Mortgage Corp. (T)/Long Wharf Real Estate Partners & Champion Partners(L)

CBRE(TR)/Lincoln Property Co.(LR)

Plano - 75093 6,116 Preston Pointe Centre at 1400 Preston Rd. J. Marc Hess of Chicago Title (T)/ Intercity Investment Properties Inc.(L)

Citadel Partners(TR)/ Bradford Commercial Real Estate Services (LR)

Irving - 75063 226, 822 2001 W. John Carpenter Fwy (Carpenter Corporate Center I & II) Chambers Street Properties (B) N/A

Fort Worth - 76102 980,374 777 Main Affiliate of Cousins Properties (B)/Crescent Real Estate Holdings LLC (S)

HFF (SR) - May have been BR, too

Frisco - 75033 5,583 9359 Legacy Drive DPM & Tracy Robillard, DPM (B); JP Commercial Property Developers, LLC( S)

Hudson Peters Commercial (BR)

Frisco - 75034 91,000 5680 Frisco Square Healthcare Trust of America, Inc. (B)/Affiliates of Forest Park Medical Center (S)

N/A

Abilene - 79601 2,000 Abilene Corners at 1650 State Highway 351 AT&T (T)/ Abilene Corners (L) John T. Evans Company (TR) Retail Solutions (LR)

Plano - 75075 45,502 300 Lexington Drive The Van Tuyl Group (B)/ DJM Realty (S) Henry S. Miller Brokerage (BR)/ DJM Realty (SR)

Fort Worth - 76116 33,269 6700 Camp Bowie Boulevard Custer Properties, LLC (B)/Town West Shopping Center, LLC. (S) Henry S. Miller Brokerage (BR)/SRS Real Estate Partners(SR)

Seguin - 78155 8,000 350 South Highway 123 Bypass "Individual/Personal Trust" (B)/Lake Woodlands Partners LP. (S) Marcus & Millichap - Fort Worth (BR/SR)

New Developments Size Address Name/Tenant Developer

Med/Office - Granbury 41,000 1310 Paluxy Rd Lake Granbury Medical Center (Addition the hospital) The Sanders Trust Retail - Kaufman 158,580 US 175, just East of SH 34 Wal-Mart N/ARetail - Dallas 13,500 7939 Walnut Hill Lane Trader Joe's N/AOff/Ind - Flower Mound 230,000 Lakeside Parkway near SH 121 This one has broken ground Exter Property Group Off/Ind - Flower Mound 350,000 Lakeside Parkway near SH 121 This one has not broken ground- will break ground when first one is

nearly leased upExter Property Group

Region: noRTh TExas for details on these deals, announcements & more, go to redNEWS.com

Apartments Sold

Industrial Leased

Industrial Sold

Land Sold

Office Leased

Office/Medical Sold

Retail Leased

Retail Sold

Greg BiggsJLL (Jones Lang LaSalle)

Amber Strang Transwestern

Mark freemanColliers

Bob HelterbranColliers

CRE PEoPlE on ThEmovE



Region: CEnTRal souTh TExas for details on these deals, announcements & more, go to redNEWS.com

Craig Swanson CBRE - Central South

City Size Property Name/Address Landlor/Tenant/Buyer/Seller Broker Representative Austin - 78753 18.977 8900 N IH 35 - Solano Apartments FPA MultiFamily, LLC (S)/ Avesta

Muskin Commercial - (SR)

San Antonio - 78251 Highway 151 and Loop 1604 -

Steel Castle Property Partners LLC (B) CBRE (BR/SR)

San Antonio - 78218 46,200 8627 NE Loop 410 Stag-Parkway, Inc. (T)/Atlas, CP (L) Lee & Associates (TR)/Endura(LR)

Waco - 76701 100,000 US 84 Vossloh AG (T) N/A

Schertz - 78154 10,000 9492 Corporate Drive Biltmore Construction Management LLC Transwestern (BR/SR)

Austin - 78759 16,696 9500 Arboretum Blvd Ipsoft (T) Commercial Texas, LLC (TR)/Aquila (LR)

San Antonio - 78216 1,885 45 NE Loop 410 Engle Martin (T)/ Centre Plaza (L) Travis Commercial (TR)/Stream Realty Partners (LR)

San Antonio - 78229 1,610 4801-4885 Fredericksburg Road Emergency Dental Care (T)/ Woodlake

Stream Realty Partners (LR)

San Antonio - 78232 1,590 140 Heimer Road Pear Analytics(T)/ Northbrook Business

Baskin Properties (TR)/Stream Realty Partners (LR)

San Antonio - 78238 3,000 6737 Poss Road BTP Asset Management(T) Retail Solutions (TR/LR)

San Antonio - 78257 13,077 17802 IH-10 West Constellation Brands (T)/ Elian (L) CBRE (TR/LR)

New Braunfels - 78205 40,481 111 West San Antonio West San Antonio 111, LLC (B) CBRE (SR)

San Antonio - 78205 261,633 One Riverwalk Way at 700 N. St.

USAA Real Estate Co. (B) Peloton Commercial Real Estate (BR/SR)

Austin - 78705 1,309 3411 N. Lamar Rick's Cleaners (T) Retail Solutions (LR)

Austin - 78741 1,200 Willow Court at 2030 E Oltorf Metro PCS (T) Firt American Commercial Property Group (TR)/Retail Austin - 78741 12,500 Riverhills Center at 1903 Riverside Metro PCS (T) Retail Solutions (LR)

Austin - 78745 2,373 6800 Westgate Blvd. Bamboo Bistro (T) Retail Solutions (LR)

Austin - 78749 1,952 1901 W. William Cannon Shipping Center 78745 (T) Retail Solutions (LR)

Austin - 78759 3,500 Arbor Town Square at 10717

Wahoo's Fish Taco (T) CBRE (TR)/Retail Solutions (LR)

Cedar Park - 78613 1,700 3621 E. Whitestone Blvd Art + Academy (T) Retail Solutions (LR)

Kenedy - 78119 1,200 Kenedy Junction at 205 Business

GNC (T) Venture Commercial (TR)/Retail Solutions (LR)

Killeen - 76541 1,200 Mizpah Plaza at 2006 E. Rancier Metro PCS (T) Retail Solutions (TR)/David Barr Properties (TR)

San Antonio - 78238 1,155 5251 Timberhill Road Metro PCS (T) Retail Solutions (LR)

San Antonio - 78229 26,916 1600 Babcock Road Private Investor (B)/CMBS Special Server CBRE (SR)

San Antonio - 78284 4,915 Jack in the Box at 10418 Perrin

Private Investor (B)/ Gary McDaniel (S) CBRE (SR)

San Antonio - 78214 4,000 1115 SE Military Drive Wing Daddy's Sauce House (T) Valcor Commercial Real Estate (TR)/Retail Solutions (LR)

New Developments Size Property Name/Address Name/Tenant Developer Apartment - Austin N/A Lady Bird Lake at 300 E. Riverside

Apartment Name not given CWS Capital Partners

Office - Austin N/A East Cesar Chavez & Red River The Waller Center Sutton Co.

Office/Medical - Austin N/A 4701 Bee Cave The Hills Professional II (Tenant) Equitable Commercial Realty

Retail - Round Rock 104,000 Willamson County Rd. 111 & E

Bass Pro Shop (Tenant) N/A

Apartment - San Antonio N/A 427 W. Cevallos Peanut Factory Lofts (Tenant; Apartment 210 Development Group

Industrial - Schertz N/A Enterprise Avenue and Lookout Road Titan Industrial Park (L) CBRE & Endura Advisory Group (LR); Titan Development (D)

Apartment Sold

Industrial Leased

Industrial Sold

Office Leased

Office Sold

Retail Leased

Retail Sold

Restaurant Leased


CRE PEoPlE on ThE movE


classifieds i N D E X

advertiser i N D E X

a. a. Realty Company ........................................21

aCRP .................................................................24

Boxer Property .................................................27

CCIM - Central Texas .......................................35

CCIM - houston ...............................................34

CCIM - North Texas ..........................................35

Conroe Industrial Development Corporation ............................... 1, 3

C.R.E.a. M. ......................................................34

CREN ...............................................................34

CREW - Dallas .................................................35

CREW - San antonio ..........................................35

CTCaR .............................................................35

Greenberg & Co. ...............................................19

homeland Properties, Inc. .................................19

ICSC - hispanic Markets ...................................44

ICSC - Texas ....................................................32

International Church Realty ...............................19

IREM ...............................................................34

JPR Commercial Real Estate ..............................25

KM Realty advisors ...........................................17

La Gloria Land Company .................................... 2

Moody Rambin Interests ....................................31

Newmark Grubb Knight Frank ............................. 5

Phase Engineering, Inc. ....................................33

Silvestri Investments .........................................31

South Texas College of Law ...............................43

TaO Interests, Inc. ............................................42

Tarantino Properties, Inc. ................................ 8, 9

Texas Funding Corporation ..............................42

The J. Beard Real Estate Company .....................11

Transwestern Commercial Services .............15, 19

Zarsky Industries ......................................... 7, 25

1.9 AC - Fry Rd. Near W. Little York, Katy, TX

TAO Interest, Inc - BrokerTim Opatrny • 713.621.9841

www.taointerests.comemail: [email protected]

• 1.96 Acres

• $570k/$6.66 PSF

• 281 ft Fry Rd. Frontage

• 300 ft Depth

• All Utilities Available

*Priced Below Market

FM 529

Fry

Road

W. Little York Road

SITE

N


1. They don’t hold grudges.

2. They think outside the box.

3. They go by a routine and make exercise a part of it. It takes practice to develop healthy habits and stick with them. Once you do, your internal foundation will be strong.

4. They have a supportive tribe, not wasting time with negative or toxic people.

5. They don’t care what other people think.

6. They don’t people please.

7. They see difficult and challenging situations as opportunities for personal growth.

8. They consider handling rejection a skill and are resilient.

9. They make time for themselves. Whether it’s getting eight hours of sleep every night, finding 15 minutes to read the newspaper in peace or an hour to go to the gym, they make it a priority-just like everything else. When you take care of yourself, you have a bigger impact on others.

10. They are spiritual. This doesn’t necessarily mean religious. It could mean setting aside time for reflection through yoga or meditation.

11. They practice deep breathing.

12. They know there isn’t such a thing as ‘having it all’ and they’re happy about that. Wouldn’t the world be a boring place for them otherwise.

13. Fear doesn’t hold them back. They are ready to take risks.

14. They know how to say “no” and don’t hold back. These people have learned to set boundaries. Plenty of them.

15. They learned a great deal from other people they admire. Either they had a great mentor, or they took note of how those they aspired to be like handled various situations.

16. They follow their inner guidance. Not only do they have a vision, but they follow it.

17. They give without expecting anything in return.

18. They aren’t pretentious or conceited.

19. Passion is what drives them. They authentically believe in what they are doing.

20. They don’t complain.

21. They live by their core values in both their professional and personal lives.

22. They’re happy to swim against the tide.

23. They finish what they start.

24. They don’t compare themselves to other people.

25. They want you to succeed too.

last page

Habits of People Who are Happy,

Healthy, & successfulExcerpted from an article on MindBodyGreen by Kristy Rao

Submitted by: Ray Hankamer

So what is it about happy people that makes them the way they are? Here are just some of the ways they separate themselves from the rest of the crowd:

October 10-11, 201316th Annual COMMERCIAL REAL ESTATE

Co-Sponsored with

LOCATIONGarrett-Townes HallSouth Texas College of Law1303 San Jacinto Street, Houston, Texas 77002 Complimentary Wi-Fi provided

DATE AND TIMEThursday, October 10, 2013 (8:30 am - 5:25 pm); Networking Reception from 5:25 pm - 6:45 pmFriday, October 11, 2013 (8:30 am - 3:50 pm)

REGISTRATIONView program details and register online atwww.stcl.edu/cle

CONTACT USContinuing Legal Education Department(713) 646-1757 or (800) 646-1253 [email protected]

Accreditation pending by the Texas Real Estate Commission (TREC) for 17 MCE hours. Provider number 0207,Real Estate Center, Texas A&M University. Includes the required legal update and ethics hours required by TREC.

the mandatory TREC Legal and TREC Ethics courses, but more than enough TREC-approved elective hours to satisfy your entire 15-hour continuing educationrequirement. Attendees will hear from commercial real estate industry experts like Dr. Mark Dotzour about Texas’ economy, Jack Steele about Texas’ changing demographics, and Dr. Bill Gilmer about the likelyimpact the booming energy industry will have on Texas’ real estate business. Larry Nettles will cover frac-ing and the Clean Water Act in his presentation on hot topics in environmental law and Texas House Representative Jim Murphy will provide attendees with a Texas Legislative Update. Key panels on Energy, Re-Inventing North Houston, and New Development as well as several practical sessions about using (and not using) technology round out the packed agenda.

A Networking Reception honoring Texas HouseRepresentative Jim Murphy will be held at the end ofDay 1 at which attendees and speakers can meet and mingle.

®

South Texas College of Law / Houston1303 San Jacinto Street, Houston, Texas 77002

5909 West loop South,

Suite 135, Bellaire, tx 77401

POSTMASTER: PLEASE EXPEDITE TIME SENSITIVE MATERIAL PRSRT STDU.S. POSTAGE

PAIDPermit No. 2436

DALLAS, TX

October 14 – 15, 2013 ■ Fairmont Dallas ■ Dallas, TX

FOCUS ON RETAIL

This exploding demographic is creating never before seen opportunities. Hear from experts with a proven track record in an interactive setting and network with key industry players.

Discussions will include:■ What is the most efficient way to enter these markets■ Valuable take home information applicable to your business■ How to gain the acceptance from the community■ What kind of returns can you expect as a retailer or investor, and much more

Don’t miss the opportunity to learn the keys to success in reaching this lucrative market.

Hispanic Shoppers 50 million today - 134 million by 2050Does your business plan capitalize on this growing market? If not, it should.

For information on the Program, Registration, Exhibiting, Sponsorship and the New Project Showcase visit www.icsc.org/2013HMN.

rednews october 2013

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