REDNews April 2014

April 2014

In this issue: Austin

Land Entitlement in Austin

San Antonio Permitting Growth in San Antonio

and Surrounding Cities

Houston What Do Industry, Polo and the

“Urban Pioneer” Have in Common?

“How To Get It Built”

FOR 100,000+ CRE BROKERS, INVESTORS & DEVELOPERS

A A Realty CoAccredited Management Organization

OFFICE/RETAIL SPACEFOR LEASE

A A Realty CoAccredited Management Organization

For more informationKenneth K.Y. Leung281.467.3535713.988.0888 [email protected]

1 2 3

Beltway 8 W

est

Westheimer Rd

Westpark Tollway

1. Woodland Park Shopping Center 11380 Westheimer, Houston 77077

• Shopping center size - 75,620 SF - Built in 1985• Retail space available (1st floor) - 1,600 SF - 4,000 SF - $13.00/SF + NNN• Aggressive lease terms• Pylon signage available• Traffic counts - 82,880 CPD (Westheimer)• +/- 592’ of frontage on Westheimer• 372 surface parking spaces available

2. Kaleidoscope 10612-10692 Westheimer, Houston, TX

• 2 blocks west of Beltway 8• 2,952 SF - 2nd floor• Excellent for retail, office or professional use

3. Park West Plaza 8989 Westheimer, Houston 77063

• 20,000+ SF Available• Up to 6,000+ SF Contiguous Space• Aggressive lease terms - $13.00/SF Gross• Generous surface parking at no charge for

open, non-reserved spaces• Card-key controlled access• Pylon signange available• On-site management• Parking ratio - 3.4/1000

4 R E D N e w s . c o m

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Properties For Sale/Lease 1–3, 5, 7–9, 11, 13,15, 17, 22, 23, 25, 31, 41

Commercial ServicesEnvironmental Services 32

Lending 4

Moving & Relocation 41

What’s Happening in Texas CRECalendar of Events 34–35

Networking Photos 36–37

Deals & Announcements 38–40

Land Entitlement in Austin 10, 12Permitting Growth in San Antonio and Surrounding Cities 14, 16“How To Get It Built” 18-19Online Resources for Building Permits 19What Do Industry, Polo and the “Urban Pioneer” Have in Common? 20-21, 24Ray’s BUZZ 30Last Page: Better Late than Never - Join the Trend 42

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.

For all your commercial real estate needs, we’re here to point you in the right direction.LANDLORD & TENANT REPRESENTATION • SITE ACQUISITION • SALES & LEASING • REAL ESTATE CONSULTING • PROPERTY MANAGEMENT

• South side of FM 2920 between Alvin A. Klein Drive/ T.C. Jester. South of Grand Parkway, F-2 Under construction.

•8.1mi. to SH 249, Tomball & 5.5 mi. to I-45.•Utilities available through MUD 32•Proposed use: Industrial & Manufacturing

4.9880 AcresFor Sale

6753 FM 2920, Spring

10077 Grogan’s Mill Road, Suite 135The Woodlands, TX 77380

281.367.2220 jbeardcompany.com

• Located within 2.1 North of the new Baker Hughes Western Hemisphere facility

• FF on FM 2978 & Standolind Road• Commercial and residential development

under way throughout this market area. • Five-lane road improvements on FM 2978

completed for Harris County.

4.996 Acres - For SaleHarris County

29305 FM 2978, Tomball

• Development tract with ideal uses of : Retail, Office, Medical, Residential, Senior Living

• Located at the major intersection of West Rayford Rd. & Gosling Rd. (1,240 Feet of Frontage on Gosling Rd. per survey)

48 Acres Development TractFor Sale

24818 Gosling Rd., Spring

• 4.67 ACRES – divisible, with additional .5694 acres contiguous available, additional 2.182 acres adjacent also available west of site.

• Growing Woodlands Submarket, approxi-mately 2 miles east of Interstate 45.

• Potential Uses: Auto, Fast Food, Service Sta-tion, Office.

4.67 Acres - For Sale The Woodlands Submarket

10527 SH 242, Conroe (at Needham Rd.)

•Great opportunity for future development•New apartments built 2013, south of site.• Application for utility service available through

Aqua Texas.•.48 of a mile north of Woodlands Pkwy.


SWC Woodlane @ FM 2978, Magnolia

•Improved property on 5.726 Acres.• Improvements include: 7,500 sf; 9,200 sf

warehouse, 3,200 sf shop space, 1,900 sf office building, older residential home.

• New luxury community by Toll Brothers adjacent to site – 2015

Industrial Warehouse - For Sale The Woodlands Submarket

26639 Hufsmith, Conroe-Magnolia

• 7,000 & 4,500 sf office warehouse on 33,968 sf of land.

• Improvements which include some general office space.

•Lease emplace to Aug. 2014.

Industrial Building - Improved Property For Sale

15103 Mintz Lane, Houston

• Brookhaven Business Park is across from The Woodlands with approximately 375’ of I-45 frontage (3 existing curb cuts) in unincorpo-rated Montgomery County.

• 2,700 SF, office/warehouse units (typical) in a 70,200 SF concrete tilt wall business park.

Brookhaven Business ParkFor Lease

25702 I-45, Spring

•46,832 sf building on 10 acres•Great potential for Corporate Campus•High end finishes, with room for expansion

Office/Industrial/Corporate RetreatFor Sale or Lease

32100 Dobbin Hufsmith, Magnolia

• Four (4) metal, single and multi-tenant, office/warehouse/flex buildings that range in size from 5,000 to 6,000 square feet for a combined total of 22,000 square feet of gross leasable area.

• 1.99 Acres (86,684 S.F.) Excellent location along the west line of Budde Road, approxi-mately 200 linear feet south of Nursery Road.

Pines Business ParkFor Sale or Lease

26009 Budde Road, The Woodlands

•5,000 SF to 60,000 SF available.• Located in a well-established, light industrial

park adjacent to The Woodlands.• Within 1 mile of major amenities such as St.

Luke’s Hospital, Walmart, Home Depot, Low-es, Lone Star College, Sam Houston University, Woodforest Bank Stadium & Natatorium (10,000+ seats), among many others.

Industrial/Flex Buildings Available For Sale, Lease or Build-to-Suit

8900 Fawn Trail, Conroe

• 44,904 SF CMU & Steel Dock High Distribu-tion Office/Warehouse on 2.614 acres.

• 22’ Eave Height, 10 Front Load Dock High OH Doors.

• 50 Parking Spaces and spacious truck courts with Security System and Security Lighting.

• City of Conroe Water & Sewer. 200a/480v 3p elect

• Site is approximately 2.4 miles east of I-45.

Longview Industrial For Sale or Lease

104 Longview, Conroe

Non-Recourse CRE Loans

Most Rental Income-Producing Assets $2.5MM-$500MM • Quick Online Loan Review

Call Nathan Ross for more information(713) 392-0662 direct or (210) 598-7201 cell

[email protected] | ncfco.com

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.

For all your commercial real estate needs, we’re here to point you in the right direction.LANDLORD & TENANT REPRESENTATION • SITE ACQUISITION • SALES & LEASING • REAL ESTATE CONSULTING • PROPERTY MANAGEMENT

• South side of FM 2920 between Alvin A. Klein Drive/ T.C. Jester. South of Grand Parkway, F-2 Under construction.

•8.1mi. to SH 249, Tomball & 5.5 mi. to I-45.•Utilities available through MUD 32•Proposed use: Industrial & Manufacturing

4.9880 AcresFor Sale

6753 FM 2920, Spring

10077 Grogan’s Mill Road, Suite 135The Woodlands, TX 77380

281.367.2220 jbeardcompany.com

• Located within 2.1 North of the new Baker Hughes Western Hemisphere facility

• FF on FM 2978 & Standolind Road• Commercial and residential development

under way throughout this market area. • Five-lane road improvements on FM 2978

completed for Harris County.

4.996 Acres - For SaleHarris County

29305 FM 2978, Tomball

• Development tract with ideal uses of : Retail, Office, Medical, Residential, Senior Living

• Located at the major intersection of West Rayford Rd. & Gosling Rd. (1,240 Feet of Frontage on Gosling Rd. per survey)

48 Acres Development TractFor Sale

24818 Gosling Rd., Spring

• 4.67 ACRES – divisible, with additional .5694 acres contiguous available, additional 2.182 acres adjacent also available west of site.

• Growing Woodlands Submarket, approxi-mately 2 miles east of Interstate 45.

• Potential Uses: Auto, Fast Food, Service Sta-tion, Office.


10527 SH 242, Conroe (at Needham Rd.)

•Great opportunity for future development•New apartments built 2013, south of site.• Application for utility service available through

Aqua Texas.•.48 of a mile north of Woodlands Pkwy.


SWC Woodlane @ FM 2978, Magnolia

•Improved property on 5.726 Acres.• Improvements include: 7,500 sf; 9,200 sf

warehouse, 3,200 sf shop space, 1,900 sf office building, older residential home.

• New luxury community by Toll Brothers adjacent to site – 2015

Industrial Warehouse - For Sale The Woodlands Submarket

26639 Hufsmith, Conroe-Magnolia

• 7,000 & 4,500 sf office warehouse on 33,968 sf of land.

• Improvements which include some general office space.

•Lease emplace to Aug. 2014.

Industrial Building - Improved Property For Sale

15103 Mintz Lane, Houston

• Brookhaven Business Park is across from The Woodlands with approximately 375’ of I-45 frontage (3 existing curb cuts) in unincorpo-rated Montgomery County.

• 2,700 SF, office/warehouse units (typical) in a 70,200 SF concrete tilt wall business park.

Brookhaven Business ParkFor Lease

25702 I-45, Spring

•46,832 sf building on 10 acres•Great potential for Corporate Campus•High end finishes, with room for expansion

Office/Industrial/Corporate RetreatFor Sale or Lease

32100 Dobbin Hufsmith, Magnolia

• Four (4) metal, single and multi-tenant, office/warehouse/flex buildings that range in size from 5,000 to 6,000 square feet for a combined total of 22,000 square feet of gross leasable area.

• 1.99 Acres (86,684 S.F.) Excellent location along the west line of Budde Road, approxi-mately 200 linear feet south of Nursery Road.

Pines Business ParkFor Sale or Lease

26009 Budde Road, The Woodlands

•5,000 SF to 60,000 SF available.• Located in a well-established, light industrial

park adjacent to The Woodlands.• Within 1 mile of major amenities such as St.

Luke’s Hospital, Walmart, Home Depot, Low-es, Lone Star College, Sam Houston University, Woodforest Bank Stadium & Natatorium (10,000+ seats), among many others.

Industrial/Flex Buildings Available For Sale, Lease or Build-to-Suit

8900 Fawn Trail, Conroe

• 44,904 SF CMU & Steel Dock High Distribu-tion Office/Warehouse on 2.614 acres.

• 22’ Eave Height, 10 Front Load Dock High OH Doors.

• 50 Parking Spaces and spacious truck courts with Security System and Security Lighting.

• City of Conroe Water & Sewer. 200a/480v 3p elect

• Site is approximately 2.4 miles east of I-45.

Longview Industrial For Sale or Lease

104 Longview, Conroe

6 R E D N e w s . c o m

Dear Readers,

This month’s issue will find us at the Real Estate Center Outlook for Texas Land Markets Conference in San Antonio where we expect to hear all good news. Several years ago I recall Charlie Gilliland, Research Economist & Land Expert at Texas A&M Real Estate

Center, discussing how depressed the recreational land market was and today he says because of the tremendous growth in Texas, there is a dramatically increased interest in recreational land. Although the average tract size of recreational land today is slightly smaller, both large and small tracts are selling and in some areas, prices have increased ten per cent or more.

I spoke with Gary Maler, Director of the Real Estate Center at Texas A&M, about Houston’s westward growth and he stated that the prognostications of Texas demographers are that, within 20 – 30 years, there will be a continuous string of urbanization from Houston to San Antonio along I-10. Little towns will become bigger towns and they will all be interconnected. I also visited with Tom Conlan who has been selling real estate in the Katy area for the past 35 years and he “could never have imagined that land prices for the Katy prairie would be as high as they are now”. (see pages 20, 21, 24)

Since there is so much development in Texas, we attempted to shed some light on the daunting development planning/permitting processes by sending out a survey to over 300 Texas cities & EDCs in hopes of giving you a spreadsheet of information regarding “how to get it built”. At press time, we were still collecting information so look forward to seeing more in the future. In the interim, thank you to Kim Gatley in San Antonio, Jill Rowe in Austin and Patti Joiner/Tom Hosey in Houston for their help in those cities.

Hope you had a great Spring Break and are ready for ICSC Las Vegas!

Ginger Wheless

Pu

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PUBLISHER

Ginger Wheless [email protected]

EDITOR Marjorie Gohmert [email protected]

STAFF WRITER Janis Arnold

CONTRIBUTING WRITERS Ray Hankamer [email protected]

Austin - Jill Rowe San Antonio - Kim Gatley

ART DIRECTOR Connie Marmolejo - [email protected]

ACCOUNTING Benton Mahaffey [email protected]

DATABASE MANAGER Jason Marshall [email protected]

DIGITAL ENGAGEMENT DIRECTOR Chris King [email protected]

SALESGinger Wheless [email protected]

Print & Digital DistributionREDNews is directly mailed each month to commercial real estate

brokers, investors & developers in the following cities /areas as well as 200+ locations throughout Texas:

Texas Brokers 7,650Texas Leasing / Tenant Rep 6,232

Texas Investors 4,979Texas Developers 4,710

Outside Texas Investors, Brokers, Developers, etc 81,577Total REDNews Distribution 105,148

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5959 West Loop South, Suite 135Bellaire, Texas 77401

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

1.02 Acres Retail Pad For Sale 14200 Alief Clodine Rd.

Houston, TX 77083 Great Site for Car Wash or Fast Food

2.67 Acres Office Land For Sale Red Oak Dr. and Drava

Houston, TX 77090 Hard Corner Tract

7.80 Acres Retail Land For Sale 13003 Windfern Rd Houston, TX 77064

6.90 Acres Multi-Family Land For Sale SEC Canino Rd. and Winfrey

Houston, TX 77076 Adjacent Land Also Available

22,443 SF Retail Pad For Sale SWC Canino Rd and Hardy Toll Road

Houston, TX 77076

3.57 Acres Retail Land For Sale 5906 Highway 6

Houston, TX 77084

2.48 Acres Retail Land For Sale SEC Bellaire Blvd. and Corte Calle

Houston, TX 77083 Multi-family, residential & mini-storage around tract

8,401 SF Office Building For Sale 8330 Westglen Dr. Houston, TX 77063

Formerly used as education/community center. Well maintained.

8.22 Acres Retail Land For Sale 6400 M.L.K. @ S Loop 610 E

Houston, TX 77033 Priced to Sell!

21,000 SF Residential Land For Sale Shady Hill Dr & Decker Dr

Baytown, TX 77521 Six residential lots ready to build.

46,657 SF Retail Land For Sale SEC FM 2234 and Buffalo Run

Missouri City, TX 77489 Unrestricted. Price Reduced!

4,200 SF Professional Office Condo For Sale 6918 Corporate Dr. Houston, TX 77036

Ideal for Medical Clinic

13.58 Acres Land For Sale Belknap Rd. close to

Old Richmond and Bissonnet Sugar Land, TX 77498 Priced For Quick Sale!

22.0 Acres Land For Sale 2949 Gulf Freeway

League City, TX 77573 Price Reduced To Sell!

SALE PENDING 165,800 SF Retail Center For Sale

6610 Antoine Dr. Houston, TX 77091

Priced To Sell!

SALE PENDING 3,275 SF Office Condo For Sale

6833 W Sam Houston Pkwy S Houston, TX 77072

100 % Built Out. Excellent Condition!

986 Acres Land For Sale FM 2004

Angleton, TX 77515 Currently leased for rice farming.

6400 Acres Land For Sale Terrell County Dryden, TX 78851

Fully fenced. Currently leased for hunting ranch

12,000 Acres Land For Sale Culberson County

Van Horn, TX 79855 Ranch Property

54,000 SF Retail For Sale Bellaire Blvd. and Synott Rd.

Houston, TX 77072 Rare opportunity for mixed use condo

for sale. Ideal for user or investor.

5,000 – 12,000 SF Retail For Lease 5920 Highway 6 N. Houston, TX 77084 Motivated Landlord

Most Affordable Rates!

1,350 SF Retail For Lease 10020 Kleckley Dr., Houston, TX

6,000 – 18,000 SF Retail For Lease 12914 Bellaire Blvd, Houston, TX

3,500 SF Office Showroom For Lease 10400 Harwin Dr., #C Houston, TX 77036

1,200 – 8650 SF Retail Space For Lease 918 W Southmore & Richey

Pasadena, TX 77502 Newly renovated center.

Former Domino’s Pizza For Sale/Lease

3003 S Richey St Houston, TX 77017

1,560 SF. High Traffic Area.

1.89 Acres Retail Land for Sale FM1464 (Clodine Rd.)

Houston, TX 77083 High Growth Area between Mission

Bend & West Oaks subdivision.

1.58 Acres Retail Land For Sale 6600+ Synott Rd., north of Bellaire Blvd.

Houston, TX 77083 Great Potential

1.47 Acres Retail Land For Sale 6300+ Synott Rd.

Houston, TX 77083 Senior Home Project

Under Construction behind Tract

7.0 Acres Residential Land For Sale Nunn St at Kingsway St

Houston, TX 77087

SOUTHWEST

Kenneth Li, CCIMPhone: 713.988.1668 • Mobile: 713.826.3388

[email protected] Corporate Drive, A-5 | Houston, TX 77036

37,100 SF Office Medical Building For Sale

5802 Holly St. Houston, TX 77074

Close to Texas Medical Center 22,885 SF Office &

14,250 SF Warehouse

1,050 SF – 2,100 SF Retail For Lease9889 Bellaire Blvd.Houston, TX 77036

Located on 2nd Floor of Dun Huang Plaza

Houston Chinatown

4,000 SF Freestanding Building For Sale

12112 Bellaire Blvd.Houston, TX 77072

Former Bank Building converted into Medical Clinic. Great potential.

40,000 SF Retail For Lease9600 Bellaire Blvd.Houston, TX 77036

Prime Location, great for Banquet Restaurant, Medical Clinic, etc.

Houston Chinatown.

WANTED• 1031 exchange Seller wants to

buy Houston income proper-ties up to $8,000,000 cash in the next 120 days.

• Overseas Asian Buyers want to invest real estate projects from $5MM to $20MM.

• EB-5 reinvestment projects for international investors in Hous-ton area.

NOW LEASING | 8313 Southwest Freeway

Up to 25K Open Concept Space Ideal For School/Engineering FirmsVisit the new Center website for all the amenities, photos and floor plans! www.thecenterbuildings.com

Kris Lilly| [email protected] | 713-772-6633

Personalized Service. Proven Results.

www.tarantino.com

450 N. Sam Houston Pkwy Airport Office Building | For Sale or Lease

450 N. Sam Houston Pkwy, Houston, TX• Up to 10,000 SF Available• Located just 15 Minutes from George Bush

Intercontinental Airport• Covered Reserved Parking Available• Monitored After-Hour Card-Key Access System

8031 Airport Boulevard, Houston, TX • Excellent Owner/User Purchase Opportunity• Full Building Available - 33,854 SF• Across From Hobby Airport• Great Location - Perfect Combination of Local Access

and Global Reach• Building Identity Available

Eric Ohlson | [email protected] Peggy Rougeou | [email protected]

De Zavala

12770 Cimarron PathSan Antonio, TX 78249• 3,000-10,000 SF, Flex Office & Biomedical

Space Available

• Generous Tenant Finish-Out Allowance

• Northwest Location with Easy Access to I-10 & 1604

Brownstone Office Condominiums

16110 Kuykendahl RdHouston, TX 77069 | $1M• 5.393 Acres of Land in North Houston with

Improvements & 5 Office Buildings Totaling Over 20,000 SF

Larry Vickers | [email protected] Jenkins| [email protected]

Corporate Office:7887 San Felipe, #237Houston, TX 77063(713) 974-4292

San Antonio Office:12770 Cimarron Path St. 122San Antonio, TX 78249(210) 212-6222

Austin Office:502 East 11th Street, #400Austin, TX 78701(512) 302-4500

Personalized Service. Proven Results.

www.tarantino.com

2305-2339 Bingle Road Houston, TX 77055• 3,263 -8,976 SF Retail Space Available

• Pylon Signage Available

• Extensive Parking

• Landlord will Build to Suit for Credit Tenant

Angleton Four Corners Shopping Center

1804 N Velasco StreetAngleton, TX 77515• 2,137-18,238 SF Available• Center is Located Across the Street From Wal-Mart• Pylon Signage Available• Traffic Count Exceeds 13,000 Cars Per Day• Retail Center Remodeled in 2014

Eric Drymalla | [email protected] Peggy Rougeou | [email protected]

Bingle Village Shopping Center

1 0 R E D N e w s . c o m

A discussion on land in Austin begins first with entitlement, followed closely by location, location, entitlement.

Timeline Pamela Madere, an at-torney who is Director of Land Use and Real Estate with Coats/Rose, an es-tablished law firm, shared her insight. “On one hand I don’t want to scare people but I want to be realistic. A Plain Jane site plan can be six months, but with any kind of variances or issues, can easily be nine to twelve

months. This also depends on schedules of holi-days and summer. For raw land if it’s both site plan and subdivision, add another three plus months

onto that.”

According to Vincent Musat, P.E., LEED AP BD+C with Doucet and As-sociates, an experienced firm in Austin that recently celebrated their 20 year anniversary, “Entitlements required for properties vary greatly from site-to-site and cannot have a prede-termined timeline or scope.

It is not possible for a project timeline to be pro-vided with any certainty without having a specific project.” It’s well known that project times vary widely and some can be double or triple other timelines.

Money and Typical ScenariosMusat said “Because of the variance of the entitle-ment process, the amount of time, and money involved to entitle or permit a tract of land, it is difficult to say how much money will be required. There are so many factors involved it is very hard to tie down specifics. A lot of the variables depend on the team members needed to entitle or permit a project.”

“To change zoning where there is a neighborhood plan in place, first change the neighborhood plan, then the zoning. It’s a two-step process, done either simultaneously or one after another.” said Madere. “Say it’s an existing in-fill multifamily development; to redevelop it could cost $70,000-100,000. Often it includes assemblage of multiple zonings.” The most common issues are: “traffic, setbacks, height and density. A typical scenario would be someone not familiar with the complex-ity of Austin buying an apartment complex by the University of Texas with a certain zoning, and they hope some day someone else or they will rede-velop it. They see it is zoned for 60 feet. Later they come to know the neighborhood plan or other overlay impacts the property and see it’s really 40 feet, not 60 feet. It’s not enough to look at zon-ing and think you are okay. You need to work with someone who understands the various overlays.”

“Other property may be grandfathered. A neigh-borhood association wasn’t active but it is now. You have to allow additional time on due diligence. Due diligence is of the utmost importance as the regulatory climate is so complex with the City of Austin and or Travis County. Even the educated developers and buyers need help. You can’t just rely on one consultant. There are complicated lay-ers open for interpretation. Code is piecemealed together. It takes several sets of eyes to come up with all of the possible scenarios before choosing the best plan. This needs to happen before the first submittal. You need a game plan in advance.”

Jim Brewer, P.E. and Senior Project Manager with Doucet gives his perspective. “First we need to determine if the project will involve a single lot, or will there be multiple sites/lots within the de-velopment? Single lot developments are much simpler than planned developments.”

Some of the items we research are:

1. What is the existing zoning? Is it compatible with the planned use?

2. Are there any specific area regulations that affect the tract, such as Corridor Overlays or Neighborhood plans?

3. Is the land considered a legal lot, or will it need to be subdivided with a subdivision plat?

4. Will a preliminary plan need to be prepared if the development will have public/private streets?

5. Are we in an environmentally sensitive area that will restrict land use? Is the site over the Edwards Aquifer Recharge Zone or a bird habitat?

6. Is there an adequate water supply for the development or are water commitments required?

7. Are utilities available for the property or are off-site improvements required?

8. Will trees be an issue? Are there Heritage trees that need to be planned around?

9. What is the site topography? Will develop-ment require massive grading plans?

10. Are traffic studies going to be required? Is the existing roadway structure adequate or will improvements be required?”

Brewer continued, “Within the City of Austin it is recommended that the development team meet with city staff for a Pre-Development Meeting where the project concepts are presented to de-termine if city staff can bring up any red flags that may affect the development. You should have a concept plan put together to use as a template to show the planned development. Then a prelimi-nary plan needs to be prepared that will refine the concept plan and show how the development will be served by utilities and handle drainage. Once the city has approved the preliminary plan, you can start preparation of the final subdivision plats and construction drawings for the improvements. This can be done in phases to reduce upfront costs.”

by Jill RoweRowe Development

Land Entitlement in Austin

Pamela Madere

continued on page 12

Vincent Musat

Building & Land For Sale | 23.36 Acres

FEATURES■■■■■

■

Approximately 1,400 Feet of Beltway FrontageSecondary Access From West RoadGreat Beltway VisibilityApproximately 25,500 Square Feet Multi Purpose BuildingArea Businesses: Enterprise Products in a 175,000 SF Class “A” Office. Kroger, LA Fitness, Bank of America, WalgreensArea Restaurants Include: Whataburger, Taco Cabana, Sonic, Wendy’s, KFC, Taco Bell, Chick-Fil-A, McDonalds.

TaxesCy-Fair ISD $1.45Lone Star College $0.12Harris County $0.69Total Taxes: $2.26

For Sale ■ 23.36 Acres ■ Ideal Use: Office, Industrial, Multi-Family or Retail

Beltway 8 & West Rd

The information contained herein is believed to be correct. However, no warranty or representation is made. All prices are subject to change without notice and property is subjectto prior lease, sale or withdrawal from the market without notice.

Key Map: 410E

Demographics3 Mile RadiusPopulation: 85,060Average HH Income: $83,092

5 Mile RadiusPopulation: 235,279Average HH Income: $77,977

Doing it right. Right now.

For more information, contactKeith P. Grothaus, SIOR, CCIM281.664.6635 | [email protected]

713.690.0000 CaldwellCos.com

$12.00 PSF or $12,210,739

Land for Sale | 15.9 Acres

Doing it right. Right now.

For more information, contactKeith P. Grothaus, SIOR, CCIM281.664.6635 | [email protected]

713.690.0000 CaldwellCos.com

For Sale ■ 15.9 Acres ■ Ideal Use: Multi-Family, Office, Warehouse, Retail

Jones Rd & Mills Rd

The information contained herein is believed to be correct. However, no warranty or representation is made. All prices are subject to change without notice and property is subject to prior lease, sale or withdrawal from the market without notice.

FEATURES■

■

■

■

Frontage on three streets, Jones Road, Mills Road and Mist Lane.Wraps corner of Jones Road and Mills Road.Quick access to SH 249, FM 1960 and Beltway 8.All utilities are available to the property.

TaxesCFISD $1.45Harris County $0.76Lone Star College $0.12NW MUD #9 $0.60Total $2.93

Key Map: 369K

Demographics3 Mile RadiusPopulation: 98,660Average HH Income: $94,858

5 Mile RadiusPopulation: 252,945Average HH Income: $105,247

$3.75 PSF

FEATURES • Approximately 1,400 Feet of Beltway

Frontage

• Secondary Access From West Road

• Great Beltway Visibility

• Approximately 25,500 Square Feet Multi-Purpose Building

• Area Businesses: Enterprise Products, in a 175,000 SF Class “A” Office and Kroger, LA Fitness, Bank of America, Walgreens

• Area Restaurants Include: Whataburger, Taco Cabana, Sonic, Wendy’s, KFC, Taco Bell, Chick-Fil-A, McDonalds

$12.00 PSF or $12,210,739

FEATURES • Frontage on three streets: Jones Road,

Mills Road and Mist Lane

• Wraps corner of Jones Road and Mills Road

• Quick access to SH 249, FM 1960 and Beltway 8

• All utilities are available to the property

$3.75 PSF

Building & Land For Sale | 23.36 AcresBeltway 8 & West Road

713.690.0000CaldwellCos.com

Land for Sale | 15.9 AcresJones Road & Mills Road

For more information, contactKeith P. Grothaus, CCIM, SIOROffice: 281.664.6635 Email: [email protected]


“Going through the entitlement process and ob-taining the required permits within the City of Austin can be quite an arduous process for any developer not familiar with the local regulations,” Brewer said. Generally speaking, it will take a proj-ect four months to have a preliminary plan pre-pared, submitted, reviewed and approved by the city. It will take four months to get a subdivision plat approved. A subdivision plat can be reviewed simultaneously with a preliminary plan; however, you are at risk of having to make revisions to ad-dress city comments on the preliminary, so it is best to stagger the plat processing and not submit until after the first round of comments have been received and cleared. The City of Austin also re-quires a site development permit, which includes the site layout plan and all underground utilities. You have to have a legal lot established before the city will issue a site development permit. The city will allow you to submit your site development permit (SDP) application at the same time as the final plat application, but the SDP will not be ap-proved until the final plat has been recorded and an address assigned to the property. Depending on the complexity of the project, obtaining a site development permit can take upwards of six to eight months from start of design to issuance of the permit. Once you have your site development permit, you can make application for the structure building permit.

Who do you need on the team?Musat said, “Site location and requirements re-quired to entitle the tract of land can include; Envi-ronmental Consultants (Phase I & II, Jurisdictional Waters of the US and Wetlands, Archeological & Historical issues, etc.), Surveyors (Boundary Issues, Easements that are unresolved, Title Issues, etc.), Geotechnical Consultants ( if poor soil conditions, expansive clays soils), Structural Consultants, Land Planners, Architects, Project Marketing person-nel, Public Relationship Team, etc… All of these individuals contribute information to a Develop-ment Manager who needs to be kept very well informed. The Development Manager needs to have a broad range of knowledge and be able to communicate effectively with all team members. Without an individual with a good understanding of the processes a project can stagnate and the team can get off track toward the ultimate goal of attaining a permit. This individual needs to be very responsive and able to make decisions quickly in

order to keep the project moving toward a permit or entitlements.”

“While each team varies, an engineer, land plan-ner, attorney intimately familiar with code and po-litical process, and someone who knows permits and the permit process are common elements,” ac-cording to Madere.

Looking aheadWhere is the process headed? Austin is having the first major code rewrite in decades, and on that team are a variety of experienced people from all disciplines and interests. Madere said that while initially there were some concerns, the mix of those for neighborhood and those who are daily practitioners have the experience to do a good job.

Madere also said, “Know what you are buying. Take the time, understand what you can do beyond the basic zoning, what other limitations or require-ments there are. A contract with a 3-6 month standard due diligence is not enough. Know the market, where it is going in the future, also rapid transit, and the direction the city is growing with the influx of people. Down the road anywhere within Highway 183 north/ Loop 360/ Ben White to Highway 183 east is a great bet.”

“Even with deadlines, such as site plan comments (28 days to issue comments), in my experience roughly 30% of the time the city exceeds the dead-line. They tag extra days to the 180 days they give me; still what we really need is to get comments on time. We manage that by checking on the status of

comments a week before, then calling a week out, 3 days out, a day out. It’s a lot of handholding at a high level.” Madere continued.

How the city is addressing the issues on their side, “To fix the process, and internal deadlines, staff needs accountability for meeting deadlines.” Madere said. “Director, Greg Guernsey, has really tried and is very accessible, working twelve hour days. He’s done a good job of getting staff to an-other level. They have a ton of positions open, are overloaded, yet never get around to getting them filled. They’ve experienced a big brain drain with really experienced people going private or retired. Rotating attorneys are at the city, and staff wants to stay until eligible for retirement, then do private permit consulting.”

Austin is currently deciding what to do with the budget excess that has come from excess revenue above budget, partially due to a 25% increase in development fees October 1, 2013, demonstrated as necessary to run the office. Ironically, while doz-ens of proposals have come forward, none have reportedly included using the permit fees in the permit office.

What if people want to do it on their own? Madere said, “People don’t want too many consultants, yet doing it alone is dangerous in Austin. It’s worth spending a little bit of money.”

For those of us who have decades of experience here, it’s like a skydiver without a parachute if you go it alone. It’s rare they return. Yet, like skydiving, those with well-laid plans and an experienced team will land relatively safely and return to do it again.

continued from page 10

Jill Rowe is Chief Visionary of Rowe Devel-opment; an Austin based commercial bro-ker, developer, strategist, consultant and expert witness, and has been brokering, developing, assembling and consulting on CBD commercial real estate over the past two decades, including one of the former Intel parcels and surrounding properties back before West Sixth was cool, and is actively involved in numerous CBD devel-opments currently. She can be reached at [email protected] or 512-750-1977.

“Going through the entitle-ment process and obtaining the required permits within the City of Austin can be quite an arduous process for any developer not familiar with the local regulations”

mailto:[email protected]

R E D N e w s . c o m 1 3

LAND

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RCHE

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LE Multi-Purpose Facility w/housing 15402 Sellers Rd. - 7,000 SF ...................................................... $275,000

NW Houston Church 10225 Woodedge - 20,000 SF. ......................... ............. ...... ... $1,100,000

Miracle Life Church International 9930 Aldine Westfield - 3,200 SF. .............................. ... ....... ..... $299,500

3.9 Acres 7225 Bellfort Avenue .................................SALE PENDING ............. $174,500

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

Multi-Purpose 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

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

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

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Permitting Growth in San Antonio and Surrounding Cities

Like most Texas cities, rapid population growth in San Antonio and surrounding cities has local offi-cials scrambling. The concern, of course, is keep-ing up with the aggressive pace of development and meeting the infrastructure needs to support new residents.

Just north of San Antonio along the Interstate 35 corridor, the City of New Braunfels is also experi-encing strong residential growth. Permit revenue showed a 10 percent increase in 2013. New bud-gets point to several new projects. As part of the City of New Braunfels 2013 Bond Program ($86 million), approved by voters last May, the Alves Lane Improvements Project is underway. This $7.8 million project will improve drainage in the area and help relieve congestion on SH-46. Accord-ing to Project Manager Will Martinez, “survey and geotechnical crews began collecting data in De-cember.” Three more projects, approved as part of the 2013 Bond Program, have been initiated: Klein Road Reconstruction, Blieder Creek/German Creek Watershed Improvement; and Wood Road/Landa Street Drainage Improvement Preliminary Design.

To address growth in the City of San Marcos, one of the country’s fastest-growing cities, city offi-cials are working to implement a new master plan called “Vision San Marcos: A River Runs Through It.” The comprehensive plan contains elements to

guide economic development, land use and pub-lic facilities such as the San Marcos Airport which is slated for overlay, lighting and markings on the field. Additionally, city leaders are working to de-velop conceptual plans and a budget for a pro-posed expansion of the public library.

The City of Schertz, one of several communities in the Randolph Metrocom Area just northeast of San Antonio, has seen an influx of industrial development due to the city’s pro-business envi-ronment. David Gwin, Executive Director of the Schertz Economic Development Corp. points to four major companies that have invested in the Schertz area since 2010. Most notable is Amazon.com’s $200 million investment in its 1.26-million-square-foot Fulfillment Center which opened in October of last year. Sysco reportedly invested roughly $80 million for its 650,000-square-foot dis-tribution facility. Most recently, GE Oil & Gas Inc. announced plans to invest $8 million to expand its existing 400,000-square-foot manufacturing facil-ity located just off Interstate 35 at Schwab Road. Schertz agreed to fast-track the permitting pro-cess and will extend a road near the facility at the cost to the city of approximately $200,000.

At the close of fiscal year 2013, the northeast sat-ellite City of Converse reported permit values to-taling nearly $31.4 million. To encourage growth,

Converse officials recently mapped out a strategic master plan that features the Converse 1604 Com-mercial Corridor Study. “The study is an attempt to encourage growth – and not just haphazard growth – but smart, thought-out growth,” says Kate Silvas, Executive Director of Economic Devel-opment for the City of Converse. It is intended to be used as a tool to fulfill a vision of a new, vibrant corridor in the greater northeast San Antonio area.

Silvas took the time to answer several questions that give us an inside look at the development process in her city. In addition to offering a Triple Freeport as an incentive for businesses with quali-fying inventory, Silvas reported that Converse has adopted a tax abatement program that offers up to 100 percent tax abatement for up to 10 years depending on the level of investment and number of jobs created. The Converse Economic Develop-ment Corporate also offers capital investment as-sistance to qualifying businesses.

At this time, there is no cost for a site development permit in Converse but site development requires a completed building permit application, two sets of plans for the Building Department, one set for the Fire Department, and one set for the Utilities, Erosion control and Street Department. Drainage plans are submitted separately. Storm water drain-age approval normally take 10 to 15 days and Ero-

by Kim GatleySr. V.P. & Director of ResearchREOC San Antonio


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http://www.converseedc.com/1604-corridor-study


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sion Control 5 days or less. Building permit can take up to 30 days depend-ing on completeness of plans and additional re-views submitted to the Building and Fire Depart-ments. Site Development approval is through City Hall Staff and Building Department.

Additional fees include water impact fees. De-pending on the location, the City of Converse, San Antonio Water System and San Antonio River Authority may impact the project.

In San Antonio, the devel-opment services depart-ment staff serves as the gatekeeper for construc-tion projects. All devel-opment within the city limits starts here – it is where real estate projects go to live or die based on whether the necessary permits are approved.

Permits are required for projects ranging from general repairs of an ex-isting structure to the ground-up development of a major office tower and almost everything in between. Long before any dirt gets turned, a building contractor or residential builder may schedule a preliminary development meeting with city staffers to review initial plans and begin the process of submitting necessary permit applications. Another option is to hire a build-ing permit service company to shepherd plans through the city’s permitting process.

Because of the variability involved, there is no universal answer to how much a building permit costs. Building permit fees depend on the amount and type of work being performed. Likewise, the time table for obtaining permits also varies. Some permits can be approved within a few hours to two (2) business days while larger, more complex projects will take longer to approve.

The combined total number of Commercial/Residential New/Existing per-mits has rebounded since the market turned in 2008. At the end of fiscal year 2013, San Antonio recorded 13,977 total permits – topping totals for the past five years. At nearly $2.3 billion, the total value of 2013 permits is up significantly compared to those recorded in 2010-2011 but activity in San

Antonio has not neared the peak performance of $3.1 billion in 2008. In other words, the city is seeing more projects but the scope and value of those projects has not yet returned to boom levels in the last expansion cycle. (See chart, left)

A new fiscal year began on October 1st. Through the end of February, the City of San Antonio De-velopment Services De-partment reported a total of 4,115 permits with a combined value of nearly $1.37 billion.

In the nearby southern-tier communities of the Eagle Ford Shale, activity has in-undated city leaders. The Eagle Ford Shale has had an unprecedented impact on the South Texas econ-omy. There is plenty of hard data to document the population, employment, and economic growth throughout the region but the supply of information regarding the impact on

the development process is in much shorter supply. One of the first things developers looking to build in the Eagle Ford must understand is that it is not one homogenous area. Instead, it is a vast territory made up of many small cities and towns, each with their own way of doing things. Most don’t have a 25-page description of development fees like San Antonio does. The City of Three Rivers clearly posts the cost of a building permit for a new com-mercial building at $300 per building - plain and simple with no regard to size or valuation.

Regarding timelines, you may need to read between the lines. The City of Pleasanton, for example, states on its website that the standard turnaround time for a plan check is five weeks. Small projects that do not involve re-view by multiple departments may return from plan check in less time, de-pending on the workload. Fast track is generally not available, especially on multi-departmental reviews where additional routing and coordination is required. Special review turnaround needs are considered on a case-by-case basis only. “Depending on workload” takes on a whole new meaning in light of the extraordinary activity the region has undergone over the past two years.


$ BillionsPermits

Commercial/Residential New/Existing PermitsSource: City of San Antonio Development Services

$3.0

$3.5

18,000

20,000$ BillionsPermits

Fiscal Year* ‐ YTD as of end of February 2014

$2 0

$2.5

12,000

14,000

16,000

$1.5

$2.0

8,000

10,000

,

$0.5

$1.0

2,000

4,000

6,000

$0.00

,

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Total Permits Total ValuationTotal Permits Total Valuation


Commercial Real Estate Brokerage Firm

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Steve Pali, owner of Palico, Inc., is the official greeter and transport person when he serves with his family and fellow members of Resurrection Lutheran Church during

their annual mission trip to bring mobility through wheelchairs to the poorest disabled citizens of Guatemala. In 2013, 156 individuals lives were changed as they each

received the gift of a wheelchair. The team plans to match that in June 2014. Steve Pali and his wife lead the fundraising efforts to secure the chairs at $200 each.

Would you consider donating a wheelchair? If so, please make your check to: Resurrection Lutheran Church

ATTN: Steve Pali11811 North Freeway, Ste 202, Houston, TX 77060

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ANNUAL MISSION TRIP TO BRING MOBILITY THROUGH WHEELCHAIRS


Patti Knudson-Joiner, President and CEO of Knud-son LP, previously served as the Director of Hous-ton’s Planning Department (during the Whitmire administration). “This was a fabulous time to be in Houston because we were wildly successful at building in the early ‘80s and then had a period where we had to put the brakes on, which pre-sented a great opportunity to evaluate training and project management and ordinance needs to improve our city.”

Patti now does land development and planning and platting within the private sector; however, having worked for the city for 18 years, she has a unique vantage point from which to analyze what it takes to get a project through the city’s planning/permitting departments. “The problem that my in-dustry is facing in Houston today can be charac-terized as somewhat of a double – edged sword,” said Patti when speaking with Ginger Wheless, REDNews’ publisher. “While the construction in-dustry in Houston is booming, the city planning department is still trying to recover from the re-cent downturn in the economy that caused many positions to be lost to attrition or retirement, to go unfilled. Now that things have turned around, they still are trying to play catch-up to meet the demands of the day.”

Although Patti’s company does not obtain project permits, she does do land development, planning, and platting for clients, is able to steer her clients in the right direction and toward the right people in order to facilitate the unique permitting needs of each specific project. She has a park-planning division, a subdivision planning division, and an environmental planning division. Knudson does

transportation planning, economic development, and has a construction management division. “We are able to plan, design, finance, and build your development dreams,” said Patti. Right now her company is involved in many transportation rail projects in Houston and Austin. “The Texas high-speed rail project actually will be starting this summer and that will be looking at an EIS (Environ-mental Impact Study) between Dallas, Fort Worth and Houston.”

Specific changes that the city has implemented are designed to help builders and developers meet the demands of a booming economy’s construc-tion industry.

•There is a deadline in place that requires the city’s building office to review permits and pro-vide comments within 11 days. There is a state law that requires permits to be considered and addressed within 30 days. This is known as the 11-day review and 30 day turnaround timeline.

•Patti’s standard approach is to schedule pre-meetings with the fire department or the planning department when a project presents unusual building code issues. This tends to fa-cilitate matters, especially as Houston has a very complicated mixed-use code that wasn’t actu-ally written to address the vertical mixed-use projects that are becoming increasingly com-mon in Houston.

•Houston’s building codes were developed for office buildings, retail centers, and residential neighborhoods, rather than urbanist concepts such as are common in Chicago and New York. Developers are designing and building office buildings that include restaurants and retail as well as some that are incorporating apartments. Patti suggests that developers of urbanist type projects bring their preliminary plans and sche-matics in and talk to the city before they get their percentages set. This avoids spending six months with consultants and six months in the neighborhood having engineering design meetings that result in the formulation of infea-sible plans. “I keep notes from that pre-meeting

that says, we met on March 1st. These 12 people were present, this is what we discussed, and based upon the city’s input, these are the pre-liminary set of plans we’re submitting. This is just good project management.”

•The city likes to see designers/developrs during the pre-planning stage as the code interpreta-tion on complicated projects can be daunting. “Interpretation on these codes is often very much dependent upon “the eye of the behold-er”; thus it makes sense to get the city involved before you spend time and money on archi-tects. By way of example, in the new code, there are lots of provisions for parking and loading docks and other aspects of design that affect even some building designs that initially appear very straight-forward.”

Challenges present in the planning/platting/per-mitting process include:

•Builders and developers need to know the build-ing codes, and understand the rules in place in order to submit quality packages. If there are mistakes or omissions in the initial submission, often the city will catch it, but if they don’t, and that happens as well, especially in today’s fast-paced market, then likely it will be caught in the second review, which of course will delay the project’s timeline. Patti frequently hears this comment: “It took me three tries to get my plat

Patti Knudson-Joiner talks to REDNews

“How To Get It Built” in Houston

Patti Knudson-JoinerKnudson LP

“The whole idea of having a great city and a better land development process should mean that we’re doing it right. If it takes a variance to do that, then we need to fix the rules, so that we’re not continually needing to ask for a variance in or-der to build projects well.”


out of there because they kept finding mistakes.” To which she wonders, “Then why did you submit the mistakes?”

•Due to the city’s personnel shortages, that are now being addressed re-lated to the recent economic downturn, the city is striving to make sure that all new and seasoned employees have adequate training in order to efficiently review plans and plats, and to evaluate the construction draw-ings that are coming in from developers. Ongoing training is needed. “You can’t just have initial orientation and leave it at that. Training is needed in the private and public sector.”

•The city doesn’t intentionally miss things when they review plans. “It’s not like they’re sitting over there saying, ‘let’s just forget about this on this set of drawings and make them come back.’ Working with them expedites the process and is beneficial to all stake-holders.”

• “The whole idea of having a great city and a better land development process should mean that we’re doing it right. If it takes a variance to do that, then we need to fix the rules, so that we’re not continually needing to ask for a variance in order to build projects well.”

•Some ordinance modifications made in the past have created long-term, negative effects on neighborhoods. An example in point can be found in the 17-foot setback ordinance for townhomes. The net effect of this rule is that a front-loaded garage on a public street often means that a vehicle is parked on the street and likely over the sidewalk, which ultimately results in pedestrians having to walk in the street. This results in a continuous curve on a public street with 24-foot garage doors, and no place to park on the street for guests. “Townhome builders are aware of this law, and are in favor of it, although to my mind, it creates a negative effect on neigh-borhoods and should be addressed,” said Patti.

Suggestions for expediting the planning/processing/permitting process in Houston going forward:

•Use technology to make the process more streamlined. Submissions can now be done digitally.

•Provide complete documentation for each step in the process by using available technology. This of course requires all involved to keep up with what is out there that can be used.

•Harris County uses an innovative exciting program for engineers to submit construction drawings that the city should consider. “This is almost an in-teractive ‘GoToMeeting’ session where the engineer or architect can have drawings reviewed and view comments of the examiner, and retrieve them and use their own AutoCAD system to edit those comments and reply to them.”

•“Keeping up with fast-changing technology isn’t easy but must be prac-ticed. This needs to be a mindset for those of us in the industry as op-posed to occasionally noticing something and saying ‘someone thought up a great idea today. I might try it.”

Tom Hosey, C.B.O., CASp, Senior Assistant Director -Building Official for the City of Houston, tells people that the set of plans submitted should have enough detail so that the same set of plans can be given to any competent/capable builder and result in essentially the same prod-uct. Many projects initially submitted to the city simply don’t possess that adequate amount of specificity.

The city has many online resources regarding what is expected and re-quired. These include:

• Commercial Permitting 101, a comprehensive document approxi-mately 50 pages in length that will help you navigate the permitting process. http://edocs.publicworks.houstontx.gov/all-documents/division-files/planning-and-development-services-division/enforce-ment/forms-and-publications/plan-review-handouts-guidelines/98-commercial-permitting-101-presentation.html

• Residential Permitting 101 addresses what is required by the city for architects and engineers working on residential projects. http://www.houstonpermittingcenter.org/code-enforcement/publica-tions.html/#residential

• Information regarding the pre-submittal meetings. For large, or even moderately substantial projects, it is helpful to call and speak to the Deputy Assistant Director and Planner, Earl Greer, or one of his assistants to set up a meeting.

• For residential projects, the city normally doesn’t do a formal pre-submittal meeting. Lisa Brown and her ombudsmen will be happy to set up a meeting or explain the residential process over the phone.

• The city is moving toward digitalizing the process and is replacing the older permit tracking process called ILMS.

• The city is currently going through procedures to update the Inter-national building codes from the 2006 series to the most recent 2012 version. The Construction Industry Council is one agency that does a thorough review of proposed changes. http://www.houstonpermit-tingcenter.org/code-enforcement/publications.html

• Stakeholders include anybody who has an interest in specifics re-garding building codes that are adopted by the city.

Tom says, “We are all trying to work together and get a good job done. One of the city’s biggest challenges is the workload. It has just gone through the roof lately. It’s very difficult for us to keep turnaround times moving and to provide quality service when the project submissions have increased to the volumes we are currently seeing.

We’re advertising that we need good inspectors and plan examiners and we’ll be conducting job fairs, so put the word out. We’re hiring!”

Tom HoseyCity of Houston

Online Resources for Building Permits

http://edocs.publicworks.houstontx.gov/all-documents/division-files/planning-and-development-services-division/enforcement/forms-and-publications/plan-review-handouts-guidelines/98-commercial-permitting-101-presentation.html




http://www.houstonpermittingcenter.org/code-enforcement/publications.html

http://www.houstonpermittingcenter.org/code-enforcement/publications.html


Sealy BrookshireKaty

Fulshear

Willis

Gary Maler, Director of the Real Estate Center at Texas A&M, grew up in Brookshire, Texas, and is one of REDNews’ go-to people for information about real estate management and development, land suitability, market studies regarding impend-ing projects, and general information about Texas’ commercial, entertainment and retail centers. Re-cently Ginger Wheless of REDNews and Gary had a conversation about development that is occurring west of Katy, Texas.

Gary split his career between real estate devel-opment and leading the Real Estate Center at Texas A&M. He is co-owner of a ranch in Burleson County and continues to own rural land in Waller County. Gary says he thinks “urban pioneers” are beginning to move west of Katy. Urban pioneers are defined as individuals, primarily from Houston, who are establishing acreage tracts and building custom homes on their properties. Urban pio-neers typically predate the subdivisions and de-velopments and this appears to be the case in and around Brookshire.

Tom Conlan, Tom Conlan Real Estate, is a real estate broker who has handled many residential and commercial land transactions in the area and might be considered one of these urban pioneers. He moved to the Monaville area of Waller County when Katy became too densely populated. Tom’s impression is that Brookshire is a “real sleeper”. While the school district has been detrimental to large scale residential plan-ning and development in the past, Tom feels that “we’re going to wake up one morning and all of that’s going to have changed”. He believes that all it will take is one major developer to come in and build 250 to 300 homes and, over-night, the school situation, will change.

Tom is originally from northeast Texas, in the Red River Country, and has lived and worked in the Katy, Brookshire, and Pattison areas since graduat-ing from Texas Tech in 1966. Tom had his real estate office in Katy for 35 years, and one day he decided to retire and moved his office to a cabin beside his home in the Monaville area. His wife, Karen, keeps pointing out to him that since his retirement he’s getting more phone calls and has more going on than he did when he had an office in Katy. “One good thing about having an office way out here in the country is that when somebody drives all this way for me to show them a property, they’re serious about buying!” Tom doesn’t worry about urban encroachment, because he enjoys growth. He says that, “if it gets too crowded where I am, I’ll let them have it and move further west.” He does admit that he might have a bit of difficulty prying Karen out of her home, however, and they have great neighbors, other urban pioneers with two young children who work in Houston, so that would make it difficult to leave as well.

Tom has focused on the three county (Waller, Har-ris, Fort Bend) area because the city of Katy is lo-cated in parts of those three counties, so this part of Texas seemed to be a ‘natural fit’ for Tom. He’s never done a lot of business in Houston because he hasn’t ever liked the traffic, and besides, “there are plenty of real estate agents in Houston”. With the expansion of SH99, he has seen a real boom in North Katy. In previous years, there was much more interest in building and developing south of Interstate 10, but there have been five or six big tracts in the last six or seven months that have sold north of Katy. The Freeman property (between Katy/Hockley cutoff and Katy Hockley, north of 529) recently closed selling roughly 1,500 acres for about $31 million. Additionally, on the west side of Katy/Hockley, the 640-acre Beckendorf property may have recently sold. Most of these properties are going to companies who plan to build homes, and this is good, as there is pent-up demand for houses at the current time.

Tom is aware of big tracts that have sold west on FM529, primarily for industrial use, and likely be-cause taxes in Waller County are lower than in Har-ris county. Another factor contributing to industri-al and commercial development in that area is that Waller County right now has a strong abatement program to attract businesses. When it comes to attracting industry to their area Waller County’s tax insurance costs are lower in comparison to

the insurance rates in Harris & Fort Bend Coun-ties. In Waller County, storm insurance coverage is based upon central inland territory rates as op-posed to the seacoast territory rates that are in ef-fect in Harris and Fort Bend Counties and these are also lower in Waller County. These insurance rates also impact individuals and companies owning cars based in Waller County as the ‘country rates’ are much lower than the rates for cars that ‘live’ in Houston.

In addition to land that is being developed for in-dustrial manufacturing concerns related to the oil field boom currently underway, Tom sold property that has been and is being developed into busi-ness parks, including the property developed as the Quixote Business Park at FM 529 & FM 362 in Brookshire. Presently, Tom sees that the area west of Katy on 529 is likely to become more commer-cial and industrial as opposed to residential. Med-line Industries bought 55 acres in the West Ten Business Park and built a 500,000 SF distribution facility. Igloo recently completed an expansion from 1.2 million sf to 1.8 million sf in their two Katy locations. Goya Foods purchased 130 acres for a cannery adjacent to Igloo Foods and may move their existing Houston facility to this location. They wanted to be outside Houston in order to dig their

What Do Industry, Polo and the “Urban Pioneer”Have in Common?

Gary Maler (right)

Karen and Tom Conlan

“The area west of Katy on 529 is likely to become more commercial and industrial as opposed to residential. “


own wells & received substantial tax abatements from Waller County for their efforts. Weatherford International bought 195 acres and built a large oil field related plant on the north side of Highway 90. The airport north of Highway 90 on Airport Road is expanding. Land in that area is now selling for $10-12K an acre, which represents all time highs for that area.

In the area north of Katy and Houston, out to the Woodlands area, companies that land banked prop-erty decades ago are now cashing in on the invest-ments by creating subdivisions in master planned communities. Cane Island, the first MPC for Katy, is a 1000 acre planned development between SH90 & Morton Road that just broke ground last month and is targeted for a 2015 grand opening.

The Fulshear area, west of Houston and south of the Katy/Brookshire area in Fort Bend County, has so much development going on that all of the fa-miliar landmarks appear to have vanished, noted Tom. The city of Fulshear, he notes, was smart in that they annexed significant portions of land so that they are able to maintain control over the planning and development of their area. The La-mar Consolidated School district serves most of Fulshear and surrounding area, with students at-tending Foster High School on FM 723 south of FM 359 Intersection.

Gary notes that the land around Pattison and San Felipe (in Waller County) is comparable to the land in Fort Bend County and will likely be similarly de-veloped by installing levy systems such as those that have been used in the Sugar Land area. Waller County, particular the part of it that has sandy loam soil, has become an equestrian magnet for polo fields from Hempstead south to slightly past Monaville. Waller County land below that area contains slightly too much clay to be good for horses and polo fields. Part of the appeal of Waller County to the equestrian community, in addition to the soil, is that buyers find both open paddocks and hard woods in that part of Waller County. Hardwood trees, in particular, are more difficult to encounter as developers move east back toward Katy, where the land is not wooded other than with the fast-growing pine trees that have been planted. Tom noted that Jeff Hildebrand, found-

er of Hilcorp Energy in Houston, has a polo field located on the west side of Brookshire where all of the college polo teams have their playoffs, in-cluding the Texas A&M Polo team. Some of Pat-tison-Brookshire’s other new polo enterprises are located on Clemons Switch Road, with others lo-cated around the Fulshear-Simonton area, totaling about 8 polo facilities in the area.

West of Pattison, moving toward the river, and still located within Waller County, true bottomland ap-pears. As the terrain moves toward the river, more heavy clay and true alluvial soil that has been deposited over thousands of years is found. This continues to be excellent land for development, although drainage has to be addressed.

There can be no doubt that, to the west of Katy, change is happening. The Pattison area, just like Fulshear and Brookshire, no longer looks as it did forty, or even ten years ago. At the present time, and for the next eighteen months Gary’s nephew, who owns a heavy equipment company, is com-mitted to working on the old Buller Ranch on FM 1458 in Pattison. It is undergoing a complete face-lift and repurposing that will improve drainage, and build fences, pastures, roads and lakes and also be utilized for polo purposes. In Simonton, the 50-year-old Valley Lodge subdivision is un-dergoing a process that Gary describes as ‘almost urban infill’. The subdivision, which has addressed historical drainage problems, is seeing old ranch-style houses on acreage lots being purchased, taken down to the ground, and replaced with ‘big new mansions’.

Gary, like many others who REDNews spoke to about the area ‘west of Katy’ noted that, while Katy has a stellar school system, and Sealy has a good school system, and the school district that serves the Fulshear area has always been highly regarded, Royal ISD serving Brookshire and Pattison contin-ues to struggle with its reputation. This doubtless continues to influence land choice by developers who plan on building subdivisions. Currently, the market for recreational property as well as urban pioneers homesteads has picked back up again. The average tract size is down slightly, and both large and small properties are selling. Prices in

some areas are up ten percent or more, per Char-lie Gilliland, land market expert at the Real Estate Center. This appears to be largely driven by the booming Houston economy. Many of the people buying these days appear to be geologists, attor-neys, etc. or other professionals employed in the oil industry. The Port of Houston as well as the Texas Medical Center is also having an impact on the growth of the area.

One of the biggest problems Houston faces today is finding qualified people to fill the jobs that the petrochemical complex, the medical complex, and the port and trade complex have available. Two years ago, just those three industries were ad-vertising between 3,000 and 4,000 jobs that were immediately open. In addition to having the skills and education needed for the employment op-portunities, employers are reporting that people they would like to hire either can’t pass a drug test, or have something in their personal history when the company does the mandatory background check precludes them being hired. Despite the fact that within the oil business, the rate of growth has slowed somewhat over the past year, the field is still growing and the demand for jobs and re-lated housing, schools, retail, and commercial businesses continues. In the Houston area, houses are going up as fast as builders can find the skilled labor that is needed to build them. The building industry lost ground during the recent downturn when companies cut from 50 to 70 percent of their staff. Many of those former workers are now employed in the oil field. By way of example, truck drivers for the oil companies making from $80,000 to $100,000 annually aren’t coming back to work in the construction industry.

To summarize, Gary doesn’t believe that we’re go-ing to see the rapid development of Waller and Austin Counties just yet. In addition to the con-straints upon the construction industry finding needed skilled labor, the area is still a little too distant from the sites of Houston’s metropolitan area’s available jobs. Individuals working in Katy would have no trouble living in the Brookshire-Pattison-Sealy area and commuting to work, but north Houston out toward the Woodlands and downtown Houston would probably present too much of a commute.

Today development in the greater Houston metro-politan area represents somewhat of a bifurcated




market. There are buyers like Gary and Tom who want to live in the coun-try; however, there are many who want to be in the heart of the city. Urban dwellers like to walk to everything they can, and they want high density housing rather than acre and half-acre lots surrounded by nature that sub-urbanites value. Many of the urban pioneers moving ‘west of Katy’ at the present time are families building either second homes, or those who aren’t concerned about schools and commute times. This will likely not change until more industry and commercial business interests and related indus-tries that provide employment opportunities are located in the area, making living and working in Waller and Austin Counties a viable option for young families. Driving out Westheimer to Fulshear there is only one tract of land not yet developed. Gary expects that it will be another eight to ten years before the area along Interstate 10 west of Katy out to Sealy begins to take on that appearance. “It’s not here yet, but it’s coming,” he says.

The Brookwood Community is located on acre-age formerly utilized as ranch land in Brookshire, Texas. It is a facility and vocational program for adults with disabilities.

Brookwood was the inspiration of Yvonne Tuttle Streit, who initially began home schooling her child, Vicki, who became severely brain damaged after complications from the mumps. They met a boy from Edna who had terrible seizures and a little girl from Alvin with similar functional dis-abilities. Together, they formed a learning group, around a picnic table, in Mrs. Streit’s backyard. Soon, other children with special needs from the area joined this group. They outgrew the back-

yard and found it necessary to move to a Baptist church, where the school quickly grew to several rooms within that facility.

Realizing a need to provide lifelong special edu-cation, Mrs. Streit studied residential facilities in the United States and Europe and felt drawn to organizations that focused on what each resi-dent could contribute to the world around him or her. Knowing that there is a real difference be-tween sitting around the house in a wheelchair all day doing nothing and sitting in a wheelchair and making something of value for someone else to enjoy, the family founded Brookwood Community in 1985 with the help of a large grant.

Initially, the Brookwood administration building was housed in the former ranch house located on the property. That house no longer exists, having evolved into an entire campus of resi-dences, and workshops that surround a chapel. Brookwood now consists of eight group homes, two single-family staff homes, a residential inn, health and dental clinic, worship center, en-terprise building, activities and administration building, 47 greenhouses, Gift and Garden Cen-ter and the Café at Brookwood, and several other support buildings. More than one hundred citi-zens live in homes on the 475-acre campus.

“Necessity is the Mother of Invention”The Brookwood Community 1752 FM 1489, Brookshire, Texas

The Brookwood Community is a 50l(c)3 not-for-profit organization which is fund-ed through tuition, private sector dona-tions, and sales from their entrepreneur-ial enterprises. Since Brookwood accepts no government funding of any kind, the community relies on the generosity of the private sector to help build and maintain their facilities and enterprises. Please give generously to Brookwood Community, 1752 FM 1489, Brookshire, Texas 77423. www.brookwoodwoodcommunity.org.

http://www.brookwoodwoodcommunity.org

R E D N e w s . c o m 2 5www.LandParkCommercial.com | 713-789-2200

Bill McGrath, CCIM [email protected]

Ric [email protected]

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RAY HANKAMER Hankamer & Assoc, Broker, Houston Contr ibut ing Wri ter

HOUSTONCOMMERCIAL BUZZ

Jay Sears, CEO of NewQuest Speaks at March 13, 2014 CCIM Luncheon

Jay Sears, co-founder, partner, and CEO of privately held NewQuest Properties spoke to the Houston CCIM Chapter about retail in Texas and his company’s role in it. Founded in 2001, NewQuest has grown to a $1.2 billion portfolio and 448 acres of commercial land under ownership/management.

They are an integrated company, with attor-neys, architects, asset managers, construction managers, development directors, and leas-ing agents all on their staff, which has grown from 15 to 105 in about thirteen years.

“We are primarily grocery developers,” said Jay. “We use our own capital, and have only recently turned to third parties for capital to acquire a multi-property portfolio.”

Since founding, NewQuest has joined up with Crosswell, who are national developers based in Houston. NewQuest makes its internal platform for development and management available to Crosswell so Crosswell can focus on what they love to do: make deals.

NewQuest signed 245 leases last year, a re-cord, and has 150 in the legal pipeline at pres-ent, the highest backlog ever. As for develop-ment, the company is expanding to Dallas/ Fort Worth, to Corpus, and to other areas in between. The company developed 550,000 SF last year.

Sears provided many tidbits and factoids about retail and other activity in our area:

•Katy is the fastest growing community in the U.S.

•The growth surrounding the ExxonMobil campus is on fire, as other companies move their operations to be nearby-no one really

knows the full scope of the economic activ-ity created by this new campus

•The newly opened segments of the Grand Parkway are already very busy, even with substantial tolls-the Parkway opens up Houston’s most highly educated employee base to a short drive time to employers on the SW, W, NW, and N sides of our metro area

•Jobs Jobs Jobs equal retail growth, and Houston is seeing a lot of out-of-state niche brands coming in for the first time to cash in on our expansion

•Retail on internet has increased over ten years from 2% to 6%, but now the playing field is leveling as states require online re-tailers to pay sales tax-many items can nev-er be successfully sold online-smart bricks and mortar retailers are learning how to use online to beef up their in-store sales

Sears discussed the booming growth of gro-cers, and spoke about the Safeway / Albert-son’s combination…he would not be sur-prised to see Safeway leave Houston.

“Kroger has 2600 stores nationwide and continues to reinvent itself,” said Sears. “And Whole Foods has plans to go from 250 to 1,000 stores nationwide.”

“JC Penney is coming back, with its stock ris-ing last year from $6 to $9. Radio Shack may shrink but also may reinvent itself. Sears stores may be bought up in certain locations for the real estate,” according to Jay.

•There are massive amounts of investment coming to Houston, as it becomes known

as a ‘Global City’ and outside developers want to get a piece of the action

•River Oaks District, the new multi-use devel-opment on Westheimer between Highland Village and the Galleria is getting ultra-high retail stores to leave the Galleria, where the lion’s share of shopper traffic does not meet their demographic / income requirements

•Midway Companies, which has been so suc-cessful at City Centre, is redoing the Pavil-ions downtown

•NewQuest is watching closely Asian-Amer-ican shopping trends and the habits of 2nd and 3rd generation shoppers-NewQuest is working to expand the 99 Ranch Market into other metro areas with high Asian pop-ulations, since it is so successful on I-10 and Blalock

•Trader Joes has the highest volume per SF of any grocery chain in the US…it, along with Aldi and some other specialty stores, is expanding here, while Fresh Market is re-evaluating and closing some stores.

Jay Sears and CCIM President, Sandy Benak


Long Point Square Shopping Center

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Cy-Fair Plaza13200 Jones RoadHouston, TX 77070

1215 Gessner Dr.

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Silvestri Investments713.785.6272

1215 Gessner Rd.Houston, TX 77055

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Cy - Fair Plaza13200 Jones Road

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PROPERTY OVERVIEW+/- 49,388 Gross Leasable SF+/- 12,505 Available SF

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PROPERTY HIGHLIGHTS

3 - Mile Population . . . . . . . . . . . . 35,863

3 - Mile Median Income . . . . . . . . $64,982

Total Housing Units . . . . . . . . . . . . 13,255

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New Retail Center2155 North Durham Drive


Demographics

Population

1-mi. 17,303

3-mi. 129,961

5-mi. 397,006

Household Income

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3-mi. $103,557

5-mi. $95,951

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What’s Happeningin CRE Texas

The following pages contain a calendar of Texas CRE events, networking photos and deals/announcements. For more of the above, log on to

REDNews.com. We update CRE news and events every day!

EVENTS • NETWORKING • DEALS • ANNOUNCEMENTS


Your real estate deserves real management.Count on a CPM® professional to deliver real results.

To find a CPM®

in your area, visitwww.irem-dallas.org

For optimal returns on your real estate portfolio, turn to a CERTIFIED PROPERTY MANAGER® (CPM®).

A CPM® has:Demonstrated experience in building value Pledged commitment to the highest ethical standardsProven expertise in maximizing returns

CPM®

IREM AUSTIN PRESENTS ETH800 -Ethics for the Real Estate Manager

September 10th, 2013, 8:00am – 5:00pmFor more information and registration

visit iremaustin.org

www.iremaustin.org • 512-301-3311

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

April 2 – Wednesday CREW HoustonMonthly Luncheon – Impact of Super Bowl 2017 on Houston 11:30am – 1:00pm www.crewhouston.org

April 2 – Wednesday IREM HoustonNetworking Luncheon – Pius Leung, CPM, CCIM11:30am – 1:00pmwww.iremhouston.org

April 3 – Thursday Greater Houston PartnershipState of the City – Mayor Annise Parker10:30am – 1:30pm www.houston.org

April 4 – Friday CREN HoustonMonthly Luncheon 11:30am – 1:00pmwww.crengulfcoast.com

April 7 – Monday CREW Houston14th Annual Golf Classic8:00am – 6:00pm www.crewhouston.org

April 10 – Thursday CCIM HoustonMonthly Luncheon 11:30am – 1:00pm www.ccimhouston.org

April 14 – Monday C.R.E.A.M.TXMonthly Luncheon – Commissioner James Noack, Montgomery County, Precinct 3 11:00am – 1:00pm www.creamtx.com

April 15 – Tuesday FBSCRFort Bend County Economic Development Forum 8:00am – 9:00am www.fbscr.com

April 16 – Wednesday CREW HoustonGreenstreet – The Revitalization of The Houston Pavilions – Member Only 5:30pm – 7:00pm www.crewhouston.org

April 17 – Thursday HRBCMonthly Breakfast 7:00am – 8:30am www.houstonrealty.org

April 17 – Thursday BACRENMonthly Luncheon – Janet Schafer 10:30am – 1:00pmwww.bacren.com

April 17 – Thursday IREM HoustonYoung Professionals Happy Hour 5:00pm – 7:00pm www.iremhouston.org

April 22 – Tuesday CORENET HoustonBreakfast Meeting – Anthony Pizzitola, CFM, Jones Lang LaSalle 7:30am – 9:30am www.houston.corenetglobal.org

April 22 – Tuesday CCIM HoustonCrawfish Boil 5:00pm – 8:00pm www.ccimhouston.org

April 23 – Wednesday ACRP HoustonBreakfast Meeting 7:00am – 8:30am www.acrp.org

April 23 – Wednesday O’Connor & Associates Economic Forecast Lunch11:30am – 1:00pmwww.poconnor.com

April 23 – Wednesday IREM HoustonMember Mixer 4:30pm – 7:00pm www.iremhouston.org

April 24 – Thursday CREN HoustonSporting Clays Tournament 8:00am – 5:00pm www.crengulfcoast.com

April 30 – Wednesday Greater Houston PartnershipThe Thought Leader Series Lunch – David Crane, President and CEO of NRG Energy, Inc. 11:30am – 1:30pm www.houston.org

EVENTS CALENDARSOUTHEAST TEXAS (HOUSTON AREA) For more nformation or to register for events, log on to organization website.

http://www.crewhouston.org

http://www.iremhouston.org

http://www.houston.org

http://www.crengulfcoast.com/


https://www.ccimhouston.org

http://www.creamtx.com

http://www.fbscr.com


http://www.houstonrealty.org

http://www.bacren.com


http://www.houston.corenetglobal.org

https://www.ccimhouston.org

http://www.acrp.org

http://www.poconnor.com


http://www.crengulfcoast.com/

http://www.houston.org


April 2 – Wednesday CREW Ft. Worth Powerful Purses Panel Luncheon – Moderator Deborah Ferguson, NBC 5 TODAY Co-Anchor 11:30am – 1:00pmwww.crewfw.org

April 2 – Wednesday BOMA Ft. Worth Real Estate Investment and Finance Course 5:30pm – 8:30pm www.bomafortworth.org

April 3 – Thursday ULI North Texas Breakfast Forum on EB-5 Financing 7:30am – 9:30am www.northtexas.uli.org

April 4 – Friday BOMA DallasSpring 2014 Adopt-A-Block 8:00am – 5:00pm www.bomadallas.org

April 10 – Thursday BOMA DallasYoung Professionals Pub Crawl 5:00pm – 8:30pm www.bomadallas.org

April 11 – Friday NAIOP North Texas Monthly Breakfast – Texas Shoot-Out Winning Team 11:30am – 1:00pm www.northtexasnaiop.com

April 12 – Saturday NTCARYoung Professionals Forum Philanthropy 1:00pm – 3:30pm www.ntcar.org

April 14 – Monday CREW Dallas 28th Annual CREW Dallas Golf Classic 10:00am – 7:00pm www.crew-dallas.org

April 15 – Tuesday BOMA DallasMonthly Luncheon – David Whitley and Tierney Kaufman – “Trinity River Project & City Design Studio”11:30am – 1:00pm www.bomadallas.org

April 23 – Wednesday Society of Commercial REALTORS Business Owners Speaker Series – Dr. Ray Perryman 7:30am – 9:30am www.scr-fw.org

April 24 – Thursday NTCAR2nd Quarter Event – The Evolution of Mixed-use Development Featuring Preston Hollow Village 5:30pm – 7:30pm www.ntcar.org

April 25 – Friday ULI North Texas Water and the Economy of North Texas – US Green Building Council and ULI 2:00pm – 5:00pm www.northtexas.uli.org

April 29 – Tuesday NTCAR2014 Hall of Fame Induction & Reunion 5:30pm – 8:00pm www.ntcar.org

April 30 – Wednesday CREW Dallas Monthly Luncheon – Katrina Keyes, TxDot: Horseshoe Project in Downtown Dallas11:30am – 1:00pm www.crew-dallas.org

April 8 – Tuesday Real Estate Council of AustinPanel Discussion Luncheon on High-Capacity Transit 11:15am – 1:00pm www.recaonline.com

April 10 – Thursday CTCARProperty Information Exchange 7:30am – 9:00am www.ctcaronline.com

April 16 – Wednesday CREW AustinLuncheon – Matt Whelan, Development of Highland Mall11:30am – 1:00pm www.crewaustin.com

April 17 – Thursday ULI Austin 5th Annual ULI Austin Marketplace 5:00pm – 7:30pm www.austin.uli.org

April 22 - TuesdayIREM San AntonioInsurance Seminar 9:00am – 11:00am www.iremsanantonio.org

April 23 – Wednesday IREM AustinMonthly Luncheon – Clark Heidrick, insight on the Dell Medical School at UT Austin11:30am – 1:00pm www.iremaustin.org

April 23 – Wednesday Real Estate Council of AustinAnnual Membership Appreciation & Recruitment Party5:30pm – 7:00pm www.recaonline.com

April 24 – Thursday IREM AustinYoung Professionals Icebreaker 5:30pm – 7:30pm www.iremaustin.org

April 30 – Wednesday IREM San AntonioMonthly Luncheon – Henry Cisneros 11:30a - 1:00pwww.iremsanantonio.org

“Commercial Lease Analysis, Comparison & Lease vs Own”

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

www.ctcaronline.comCTCAR

Visit www.ctcaronline.com for pricing & registration info

COMMERC IAL

commercial real estate women

2014 SponsorshipPackages now available!

Is your company looking for exposure and recognition in the commercial real estate industry?

SPONSORSHIP OPPORTUNITIESSTART AT $750.

Visit the CREW-Dallas.org website for more information or call the

CREW o�ce at 214.890.6490

EVENTS CALENDARNORTH TEXAS (DALLAS/FT. WORTH AREAS)

CENTRAL/SOUTH TEXAS (AUSTIN/SAN ANTONIO AREAS)

For more nformation or to register for events, log on to organization website.

http://www.crewfw.org

http://www.bomafortworth.org

http://www.northtexas.uli.org

http://www.bomadallas.org


http://www.northtexasnaiop.com

http://www.ntcar.org

http://www.crew-dallas.org


http://www.scr-fw.org


http://www.northtexas.uli.org


http://www.crew-dallas.org

http://www.recaonline.com/

http://www.ctcaronline.com

http://www.crewaustin.com/

http://www.austin.uli.org

http://www.iremaustin.org

http://www.recaonline.com/

http://www.iremaustin.org

http://www.iremsanantonio.org


Check out our pictures and be sure to send your own pictures to [email protected] to be included in our next issue! To view more photos go to: http://www.rednews.com/networking-event-photos

ACRP Networking Event C.R.E.A.M.TX March Luncheon

CCIM March Luncheon

IREM March Luncheon with speaker Dennis Storemski

TEXAS CRE NETWORKINGSOUTHEAST TEXAS (HOUSTON AREA)

Lindsay Bangle and Jeff Warwick, CPM

Michael Lane, Michelle Gupton-Froelich and Brent Adams

Nathan Riley, Rachel L. Murray, Virginia A. Garza and Christa A. Dunovsky

Warren Hitchcock, Perry Seeberger, Merideth Langley and Bob Mitchmore

Dick Klein, CCIM and Diane Garrett, CCIM, CPM Patrick Coyne, Jim Wilkie and Butch West, CCIM

Jeff Burck, CPM, Ronda Dade, IREM President Janie Snider, CPM and Speaker Dennis Storemski

Blake Warren and Zac Warren

Robert C. Watson, CCIM and Lee Girard, CCIM

mailto:[email protected]


TEXAS CRE NETWORKINGNORTH TEXAS (DALLAS/FT. WORTH AREAS)

CENTRAL/SOUTH TEXAS (AUSTIN/SAN ANTONIO AREAS)

Justin Huston, Greg Monroe & Casey Tounget

Janice Peters, Harriet Miers, speaker, Michelle Hudson, CREW President, Ann Murray

Lise Wineland and Chris Gamel

Sean Bean, member of the IREM Young Professionals Committee

Yolanda Flores is recognized as CPM of the Year by IREM San Antonio President James Stewert

Amy Ables , CCIM Chapter Administrator

Mark Thielke, Norma Crow, Ginger Johnson & Glenn Garoon

Vicky Gunning, Lane Wood, Harriet Miers, Virginia Peters, Masae Falcon

John Wood, Norma Crow, Huck Newberry & Cee Yager

SCR February Happy Hour

CREW Dallas February Luncheon with Speaker Harriet Miers: Life, Liberty and The Pursuit of Leadership

CCIM Symposium in AustinPhotos By: Kristine Traylor

IREM San Antonio


INDUSTRIAL Houston (LEASE) – ECP Electrical Supply leased 14,200 SF at 3309 Texas Avenue. David Gerber of Gerber Realty represented the landlord, M.C. Invest-ments.

Houston (LEASE) – Core Refractory Systems leased 13,000 SF at 4555 Home-stead Road. Reed Vestal and Ross Thomas of the Finial Group represented the tenant, and Lee Paris represented the landlord, Warehouse Associates.

Houston (SALE) – Stockbridge Real Estate Funds purchased In-terwood Business Center I and II, 200,086 SF Class A industrial warehouse facilities located at 14430-14440 John F. Kennedy Boulevard and 14469 Heathrow

Forest Parkway. Rusty Tamlyn and Trent Agnew represented the seller, KTR Capital Partners.

Houston (SALE) – A buyer purchased Northeastern Plastics, Inc., a 40,648 SF property located at 14221 Eastex Fwy. Alex Bouchard and Gus Lagos repre-sented the seller, a limited liability corporation.

Houston (SALE) – 905 Live Oak, LLC purchased 39,500 SF at 905 Live Oak and 910 Nagle Street. Charles M. Taylor represented the buyer, and B. Kelley Parker, III, SIOR; John F. Littman, SIOR, MAI; Tim M. Thomas and Coe Park-er of Cushman and Wakefield represented the seller, Seewald Realty Company.

Houston (SALE) – H6 Texas, LP purchased a 21,400 SF building at 7409 Wright Road near Highway 290 and Beltway 8. Joe MacDougall of MacDougall and Company represented the buyer, and Doug Bates and Joel Hill of Henry S. Miller Brokerage represented the seller, Rich Damon Henry Trust.

LANDBaytown (SALE) – David & Alejandra Rodriguez purchased a 14.0465 acre tract off Highway 146. Wade Sinclair of Claire Sinclair Properties, LLC facilitated the sale.

Baytown (SALE) – AIN Enterprises, Inc. purchased 3.9372 acres at 8210 N. Main St. Claire Sinclar Gavrel of Claire Sinclair Properties, LLC facilitated the sale.

Baytown (SALE) – JAP Properties, L.P. purchased a 2.37 acre tract at the Ce-dar Crossing Business Park. Jim Hargrove of Claire Sinclair Properties, LLC represented the buyer, and Kelley Parker, John Littman, Coe Parker and Tim Thomas of Cushman and Wakefield represented the seller, Cedar Crossing, L.P.

The Woodlands (SALE) – Flair Builders purchased 7.94 acres at Louetta Road, just west of State Highway 249. Rob Banzhaf and David Alexander of Newcor Commercial Real Estate represented the buyer, and Keith Edwards and Clay Roper of Caldwell Companies represented the seller, XJ Eight Development, LLC.

ANNOUNCEMENTS & DEALS DONESOUTHEAST TEXAS (HOUSTON AREA) Log on to REDNews.com for daily updates

Elke Laughlin

ANNOUNCEMENTS NAI Global announced its 2014 Members’ Leadership Board. Elke Laughlin, EVP & COO of NAI Houston is one of the four new members to join the board.

The Woodlands (SALE) – Sebastian and Irma Rodriguez purchased 5 acres at 10317 Airline. Marite Echegaray represented the buyer, and David Alexander of Newcor Commercial Real Estate represented the seller, Mikeska Estate.

OFFICEThe Woodlands (LEASE) – Con-versio Health, LLC leased 10,000 SF at Research Forest Lakeside Building 4. Lindsey McKean of The J. Beard Real Estate Company represented the tenant, and James Warmack represented the landlord, The Research Forest Lakeside.

Houston (LEASE) – Ohmstede, Ltd. expanded to 8,845 SF at 2450 South Shore Harbour. Edward Edson of Colliers International represented the tenant, and Dena Wren of CBRE Houston represented the landlord, American National Insurance Company.

Houston (LEASE) – Sudhoff Properties of Houston, Inc. expanded to 8,343 SF at 3050 Post Oak Blvd. Walker Ryan and Charles Fertitta of Colliers Inter-national represented the tenant, and Cody Armbrister and Rima Soroka of CBRE Houston represented the landlord, Lopo, LLC.

Houston (LEASE) – Altus Group Us, Inc. expanded to 3,558 SF at 3050 Post Oak Blvd. Chad Beck of Jones Lang LaSalle represented the tenant, and Cody Armbrister and Rima Soroka of CBRE Houston represented the landlord, Lopo, LLC.

Houston (LEASE) – Pirkey Barber expanded to 2,821 SF in One American Center at 600 Congress. Carl Condon and Mike Kennedy of Commercial Texas, LLC represented the tenant, and Parkway Properties represented the landlord.

RETAIL/RESTAURANT Houston (LEASE) – Dollar Tree leased 12,500 SF at 100 Gulf Freeway North at FM 518. Perry Zieben of Perry Zieben Realty Company represented the ten-ant, and Jazz Hamilton and Alex Makris of CBRE Houston represented the landlord, WFP Pecan Park, L.P.

Houston (LEASE) – Smile Rangers leased 1,750 SF in Pine Mill Ranch at the SEC of FM 1463 and Pine Mill Ranch Drive. Alan Clark of Phelps Commercial represented the tenant, and Steven Stone of KM Realty Advisors represented the landlord.

Houston (LEASE) – $5 Pizza leased 1,275 SF in The Centre at Timber Creek at 5700 Highway 6, Suite 170. Steven Stone of KM Realty Advisors represented the landlord.

Humble (SALE) – An Oklahoma investor purchased a 4,307 SF ground lease property leased to Chase Bank. Jim Gibson and Todd Moore of Stan Johnson Company represented the seller, a developer in Houston.

Jacinto City (SALE) – JBL Asset Management purchased The Market at Hunt-ing Bayou, a 201,268 SF retail center located at the SEC of I-10 East and Hol-land Avenue. Todd Gordon of Gordon Realty represented the buyer, and Cush-man and Wakefield Tom Salanty’s Team represented the seller, Inland Real Estate Group.

(Tuscan Pic) Magnolia (SALE) – An all cash buyer purchased Tuscan Village Plaza, a 15,318 SF retail center located at 7214 FM 1488. Derek Hargrove and Nate Newman represented the seller, a group of prominent local developers.


Send us your Announcements & Deals for publishing

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ANNOUNCEMENTS & DEALS DONENORTH TEXAS (DALLAS/FT. WORTH AREAS) Log on to REDNews.com for daily updates

INDUSTRIAL

Dallas (LEASE) – Ozburn-Hessey Logistics expanded to 419,475 SF at 3700 Pinnacle Point Drive. Ann Huntington of CBRE Dallas represented the tenant, and Bates Arnot of Hillwood represented the landlord, Gateway/Pinnacle Park, LP.

Carrollton (LEASE) – Done Deal IT Solutions leased 8,420 SF at 2120 Hutton Drive, Suite 500. Janice Peters, CCIM of Hudson Peters Commercial represented the tenant, and John Lancaster of NAI Robert Lynn represented the landlord, Pollock Realty, LP.

Coppell (LEASE) – Intergrated Control Tech leased 11,083 SF at 440 Wrangler, Suite 100. Adam Curran of Mercer Company represented the tenant, and Matt Smith of ML Realty represented itself.

Dallas (LEASE) – Flite Components leased 23,976 SF at 1235 Profit Drive. Jeremy Mercer of Mercer Company represented the tenant, and Oscar Couto represented the landlord, Prologis.

Dallas (LEASE) – Santide Investments leased 6,730 SF at 4577 Mint Way. Jeremy Mercer of Mercer Company represented the tenant, and MHM-Redbird represented itself.

Dallas (LEASE) – Crenshaw Consulting Group leased 13,563 SF at 1901 Royal Lane, Suite 110. Corby Hodgkiss of Mercer Company represented the tenant, and Mitch Pruitt of Prologis represented the landlord, Prologis 2.

Richardson (LEASE) – HBS Systems leased 25,000 SF in The Points at Waterview at 3400 Waterview Parkway. Daniel Rudd and Billy Vahrenkamp of Colliers International represented the tenant, and Bill Brokaw of Cushman and Wakefield represented the landlord, Cousins Properties.

Graham (SALE) – Valew Truck Bodies purchased 141,066 SF just west of Fort Worth. Mary Graybill and Scott Giordano of Lee & Associates’ represented the buyer, and Todd Hawpe and Sarah Everett of Transwestern represented the seller, Meridian Bank of Texas.

LANDDallas (SALE) – Red Dragon Properties Inc. purchased 6.85 acres of a 10-acre tract at 39490 LBJ Freeway. Karen Simon of Bradford Commercial Real Estate Services repre-sented the buyer and the seller, Chacon Autos Ltd.

MULTI-FAMILYMesquite (SALE) – Advenir purchased Mission Ranch Apt, a 295-unit Class complex at 901 US Highway 80 E. Will Balthrope and Drew Kile of Marcus & Millichap’s Fort Worth office represented the seller. The property will be renamed Advenir@Mission Ranch.

OFFICE Dallas (SALE) – Hickory Creek Retail LP purchased a 24,865 SF office building at 8100 John W. Carpenter Freeway. Mark Pierce and Reagan Vidal of Commercial Realty Partners LLC represented the buyer, and Monika Guzman-Perez of Coldwell Banker Commercial Alliance DFW represented the seller, John R. Salazar Properties.

Addison (LEASE) – Nerium International LLC leased an additional 5,508 SF (now 29,305 SF total) in Forum at Beltline at 4004 Belt Line Rd. Robbie Baty and Bill McClung of Cushman and Wakefield rep-resented the tenant, and Sharon Fried-berg and Melanie Hughes of Bradford Commercial Real Estate Services repre-sented the landlord, ARI Forum LLC.

Dallas (LEASE) – LaRue, Moore & Schafer LLC leased 1,939 SF in Danari Office Park Building II at 6009 Belt Line Rd. Nike Lee of NAI Robert Lynn represented the tenant, and Sharon Friedberg and Melanie Hughes of Bradford Commercial Real Estate Ser-vices represented the landlord.

Dallas (LEASE) – A design firm leased 10,288 SF at 3900 Willow Street, Suite 150. Scott Ehley of McLaren Hill Commercial represented the tenant, and Cincha Kostman of Hudson Peters Commercial represented the landlord, SimbolWood Properties, Ltd.

Trophy Club (LEASE) – Dustin McCammon, DDS dba Trophy Village Dental, PLLC leased 2,514 SF in The Village Center at Bobcat Boulevard and Parkview Drive. Debi Carter, CCIM represented the landlord.

Addison (SALE) – LPC Realty Advisors, an advi-sory affiliate of Lincoln Property Company, pur-chased Two Addison Circle, a 198,691 SF, Class AA property in Addison. HFF and CBRE jointly represented the seller, Brookfield Property Group.

RETAIL/RESTAURANT Dallas (LEASE) – Better Vapors leased 1,500 SF in Northgate Hills at 3642 Belt Line Rd. Tony Palumbo of Ton Nu Group, LLC repre-sented the tenant, and Joe Chung and Chris Flesner of Retail Solutions represented the landlord.

Dallas (LEASE) – JELL Salon leased 3,358 SF at 8201 Preston Road, Suite 110. Eliza-beth Ocando and Cincha Kostman of Hudson Peters Commercial represented the tenant.

Dallas (LEASE) – A design firm leased 10,288 SF at 3900 Willow Street, Suite 150. Scott Ehley represented the tenant, and Cincha Kostman of Hudson Peters Com-mercial represented the landlord, SimbolWood Properties, Ltd.

Dallas (LEASE) – Grass4Sale.com, Inc. leased 3,200 SF at 4440 Brass Way. Jeremy Mer-cer of Mercer Company represented the landlord, Michael Edgmon.

Forney (LEASE) – Huddle House leased 3,335 SF in Mustang Crossing at the NWQ of Highway 80 and FM 548. Sam Littlejohn and Chris Flesner of Retail Solutions repre-sented the landlord.

Weatherford (LEASE) – Golf Etc. leased 1,900 SF in Hudson Oaks at 200S. Oakridge Dr. Marshall Ballard of Marshall Ballard Brokerage represented the tenant, and Chris Flesner of Retail Solutions represented the landlord.

Dallas (SALE) – Livid Lobster purchased 8,400 SF at 13702 Gamma. Chris Fleeger of Morrow Hill represented the buyer, and Adam Curran of Mercer Company repre-sented the seller, Santa Fe Auto.

Lubbock (SALE) – A 1031 exchange buyer purchased a 4,992 SF Sherwin-Williams at the SEC of 98th Street and Slide Road. Richard Vincent of Marcus & Millichap’s Ontario office represented the buyer, and Jason Vitorino of Marcus & Millichap’s Dallas office represented the seller, a limited liability company.


ANNOUNCEMENTS & DEALS DONECENTRAL/SOUTH TEXAS (AUSTIN/SAN ANTONIO AREAS) Log on to REDNews.com for daily updates

INDUSTRIAL El Paso (LEASE) – Morrison Express Corp expanded to 60,000 SF at 8470 Gran Vista Drive. Chad McCleskey of CBRE El Paso represented the tenant, and the landlord, East Valley Commerce Park, Ltd., represented itself.

San Antonio (LEASE) – Insulation Distributors Inc leased 14,700 SF at 8569 NE Loop 410 Building 4. Josh Aguilar and Rob Burlingame, CCIM of CBRE San Antonio represented the tenant, and Endura Advisory Group represented the landlord, Atlas San Antonio 1, Lp.

San Antonio (LEASE) – Morrison Supply Co., LLC leased 9,164 SF at 1666 S. San Marcos. Ed Bruce of DH Realty Partners, Inc. represented the landlord, Union Stock Yards, San Antonio.

Austin (SALE) – A local investor purchased an 18,456 SF facility at 2301 Ander-son Lane West. Jason Steinberg of Equitable Real Estate (ECR) represented the buyer, and Patrick Ley and Boyd Harris of ECR represented the seller.

El Paso (SALE) – Garinco, LLC purchased a 10,000 SF property at 6914 Gate-way East Blvd. Steve Juen Commercial Real Estate, Inc. represented the ten-ant, and Chad McCleskey of CBRE El Paso represented the seller, Javelina El Paso, LLC.

Mabank (SALE) – Corisicana Storage Group, LLC, The Woodlands purchased a 262 unit facility. Bill Bellomy, Michael Johnson and John Owens of Bellomy & Co. represented both the buyer and the seller, Blue Moon LLC.

San Antonio (SALE) – INET Security & Surveillance, Inc. purchased 8,712 SF at 9706 IH-35 North. Bill Holder of DH Realty Partners, Inc. represented seller, Joe Harrison.

Temple (SALE) – A Temple, Texas-based buyer purchased a 27,600 NRSF stor-age facility. Bill Bellomy, Michael Johnson and John Owens represented the seller, also based in Temple.

LANDSan Antonio (SALE) – HT Stone Oak Land, LP purchased 60 acres off Highway 281 at Marshall Road to be used to develop a residential development. Deborah Bauer of Drake Commercial Group represented the seller.

San Antonio (SALE) – May Dev, LP purchased 4.34 acres at 10811 IH-35 North. Charles L. Jeffers of DH Realty Partners represented the seller, Pea-cock Hospitality, Inc.

MULTI-FAMILYAustin (SALE) – Moody National REIT 1 Inc. purchased a Hampton Inn at 4141 Governors Row. Marcus and Millichap Real Estate Investment Services ar-ranged the sale on behalf of a joint venture between a California family trust and a Texas-based private investor.

OFFICEAustin (LEASE) – Arrow Electronics Inc leased 7,687 SF at 9101 Burnet Road. John Gump, Nate Stricklen and Erin Morales of CBRE Austin represented the tenant, and Luke Wood of Haverwood Management represented the landlord, Continental Tx Investments, Lp.

Austin (LEASE) – MSB Consulting Group LLC expanded to 7,519 SF at 12885 Re-search Blvd. Direct Deal represented the tenant, and Jayme Knight of CBRE Aus-tin represented the landlord, Arbor Square Venture, Lp.

Austin (LEASE) – Newgistics Inc expanded to 5,437 SF at 2700 Via Fortuna. Erin Morales, Nate Stricklen and John Gump of CBRE Austin, and Aquila represented the landlord, Behringer Harvard Terrace Lp.

San Antonio (LEASE) – Schlumberger Technology Corporation expanded to 11,677 SF at 607 & 777 Sonterra Blvd. Mike Sawtelle, CCIM and Sherri Fesper-man of CBRE San Antonio represented the tenant, and Taylor Dorris of CBRE San Antonio represented the landlord, Concord Terrace, LLC.

RETAIL/RESTAURANT Austin (LEASE) – Mage’s Sanctum leased 3,850 SF in Tanglewood Village at 2110 W. Slaughter Ln. Justin Bayne of Skyles Bayne represented the tenant, and Carter Bailey of Retail Solutions represented the landlord.

Austin (LEASE) – A CrossFit gym leased 1,800 SF in Oak Hill Centre at 6705 Highway 290. Jim Rourke of Aquila represented the tenant, and Carter Bailey of Retail Solutions represented the landlord.

Austin (LEASE) – Deluxe Cleaners leased 1,305 SF in Plaza at Riata at 12221 Riata Trace Pkwy. David Schoenemann, CCIM of Retail Solutions represented the landlord.

Austin (LEASE) – Star of TX Financial leased 1,000 SF in Manor Business Park at 3114 Manor Rd. Tucker Francis and Jerel Choate of Retail Solutions represented the landlord.

Floresville (LEASE) – CATO leased 4,000 SF in 10th Street Village at 534 10th St. Ryan Hoff of Retail Solutions represented the landlord.

San Antonio (LEASE) – Domino’s Pizza leased 1,750 SF in Kenedy Junction at 205 Business Park Dr. Ryan Hoff of Retail Solutions represented the landlord.

San Antonio (LEASE) – Cash Plus leased 1,500 SF at 5726 Babcock. Charlie Roof of Retail Solutions represented the tenant.

San Marcos (LEASE) – Texas Car Title and Payday Loan leased 3,500 SF in San Marcos Place at 900 Bugg Ln. Spencer Peterson of PCR Partners rep-resented the tenant, and T.J. Powell and Fred Wendland of Retail Solutions represented the landlord.

ANNOUNCEMENTS Leigh Ellis joined the industrial division of AQUILA Commercial in Austin. Ellis’ concentration will include both asset services and tenant representation.

Don Quick Associates Inc. will expand its Round Rock of-fice location, as the company intends to begin offering the first Class A office space in the area. Along with the 2,300 SF office expansion by architect George Lewis, the company

hired five new staff members: Meredith Case, Anya DeNio, Michael Sanchez, Robert Shore (pictured) and Laurie Wier.

Robert ShoreLeigh Ellis


A. A. Realty Company ...................................... 3

ACRP ...........................................................34

American Realty Group .................................31

BACREN .......................................................34

Caldwell Companies ...................................... 11

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

CCIM Houston ...............................................34

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

Century 21 Southwest Commercial .................. 7

City of Converse ...........................................15

City of La Porte EDC ........................... 1, 22- 23

Copperas Cove EDC .....................................15

C.R.E.A.M. ...................................................34

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

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

CREW San Antonio .......................................35

CTCAR .........................................................35

Greenberg & Co. ...........................................17

Hankamer & Associates ............................... 15

Homeland Properties, Inc. ............................. 17

International Church Realty ...........................13

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

KMorgan Real Estate Services ......................17

LandPark Commercial ..................................25

Levcor, Inc. ...................................................13

McAlister Real Estate ......................................2

Move Resources .......................................... 41

Nationwide Commercial Funding .....................4

Phase Engineering, Inc. ................................32

Pipeline Realty Company Inc .........................13

REOC .............................................................15

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

TAO Interests, Inc. ........................................41

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

The J. Beard Real Estate Company, L.P. ..........5

Advertise Here!Reserve this spot in

next month’s magazine!Contact

[email protected] | 713-661-6300

ADVERTISERINDEX

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LASTPAGE

In last month’s article, Stay On Top With Digital Marketing, I highlighted ways you can improve your social media standing and growth as we move further into 2014. That article was the how; this is the why.

Commercial Real Estate is one of the most profit-able industries and undoubtedly one of the most dominant in the great state of Texas. Everywhere you turn, there are new developments going up– mixed-use projects, Class A office towers, mega retail centers - the CRE industry will continue to boom. As a “millennial” who is employed by a company who works with commercial real estate firms, I was shocked when I came to this realiza-tion: the commercial real estate industry lags far behind most other major industries when it comes to the usage of technology, third-party ad-vertising and social media.

Think about the technological advances we see in other major fields, such as education. Many classrooms offer iPads and other tablets for stu-dents to use as textbooks and for homework as-signments, making paper textbooks a thing of the past. With the ability to reach thousands with an email campaign, tweet about a real estate trend article or posting of a press release on the company’s page, the time is now to take advan-tage of this technology.

Do not get me wrong – the “old fashioned” ways of doing business are still effective. Networking events in which people put down their phones for 2 hours and socialize with one another and build relationships that way are still effective methods. Print advertising is still very effective, as well, for multiple reasons, including the ability for the print version to be used digitally. Seeing someone face-to-face, being able to shake their hand, have

a conversation and exchange business cards is a practice that will remain, even in this technolog-ically-advanced age. However, it is now not the fastest and most effective way to reach your entire audience or network, especially since you cannot have that face-to-face interaction.

I believe not only is it important for brokers, in-vestors, developers and CRE owners to catch up with many other industries, it is actually happen-ing before our eyes. Ruth Brajevich, Chief Mar-keting Officer at Ware Malcomb wrote a great piece on social media, technology and the CRE industry. Brajevich talks about how big players in their respective industries are using social media as leverage and staying ahead of their competi-tion. Larger corporations are not playing by ear, but taking an aggressive approach, using social media to their advantage. Brajevich cites a study by the University of Massachusetts Dartmouth’s Charlton College of Business Center for Marketing Research, entitled “2013 Fortune 500 Are Bullish on Social Media”. Some of their findings include:

• 7 percent of the Fortune 500 had corporate Twitter accounts in 2013, a 4 percent increase from 2012.

• 70 percent of the Fortune 500 had a corpo-rate Facebook page in 2013, also a 4 percent increase from 2012.

• New and emerging social media sites also are experiencing growth. These include Google+ (35 percent of the Fortune 500 had active corporate accounts in 2013), Pinterest (9 per-cent), Instagram (9 percent) and Foursquare (9 percent).

These companies aren’t just using social media to post work-related memes or funny cat videos,

but to engage their current followers, while ex-panding to new markets, demographics and au-diences. The key is engagement – having 5,000 twitter followers means nothing in the long run if you do not pique their interest, and they become stagnant. Posting relevant and even controversial content that can be polarizing sparks interest and generates conversation.

As I mentioned, face-to-face interactions are great, but there is no practical way in which you can reach your entire intended audience with this method. That’s why social media should and will become a big player in the CRE industry, moving forward. Before the handshake prior to negotia-tions and once a deal is completed, the client you may be doing business with is someone who re-sponded to a listing sent out via an email broad-cast. That great new broker you hired, you would not have known about him or her without them sending in their résumé and you bringing them in (from another state sometimes).

Content that is a “call to action” to the recipient is the biggest key. Whether it’s a poll predicting re-tail industry trends to posting a job opening for your firm, companies will continue to grow and build their networks by taking advantage of to-day’s technology and new media.

So, the best game plan is to have a mix of both the “old-school” methods of building a brand (print ad-vertisments, networking mixers, referrals) and the “new-school” ways, becoming more prevalent. Find your balance so your CRE firm can reach its maxi-mum potential both with the old and the young.

Brajevich, Ruth. “Social Media and Commercial Real Estate: Strategies to Grow Your Business and Build Your Brand.” NAIOP. Winter 2013.

by Jason MarshallREDNews

Better Late Than Never - Join The Trend

26th Annual

ERJCC GOLFTOURNAMENT

Monday, May 5, 2014Check-In: 11:00 AM

Shotgun Start: 1:00 PMBlackHorse Golf Club

For information or to reserveyour spot, contact Michele Rathers at

713.729.3200 ext. 3103

underwritten by

5909 West Loop South, Suite 135, Bellaire, Tx 77401

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

PAIDPermit No. 2436

DALLAS, TX

24th Annual

Outlook ForTexas Land MarketsSan Antonio, Texas April 17-18, 2014

Register Onlinewww.recenter.tamu.edu/registerThe 24nd Annual Outlook for Texas Land Markets provides information on a variety of legal, economic, social and natural resource issues influencing current land market dynamics.

REDNews April 2014

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Transcript of REDNews April 2014