Five unintended consequences of a commercial real estate move

In Industry News by Bradford

As you wheel into your business, you notice all of the parking spaces are consumed, forcing you to park in the adjacent lot. At the front door you’re greeted by several employees who cohabitate because the office space is insufficient for the staff. A quick foray into the warehouse convinces you the new shipment of raw materials must wait. You …

Texas job creation continues

In Industry News by Bradford

COLLEGE STATION (Real Estate Center) – Texas’ pace of job creation continued to exceed the nation’s last month, according to the Real Estate Center’s latest Monthly Review of the Texas Economy​. The state gained 266,600 nonagricultural jobs from May 2016 to May 2017, an annual growth rate of 2.2 percent, higher than the nation’s employment growth rate of 1.6 percent. The nongovernment …

America is over-malled

In Industry News by Bradford

America is over-malled, but not enough warehouses to support Amazon Names such as Rexford Industrial, Terreno and STAG Industrial are at the top of Jefferies’ list. Other industrial REITs include Prologis, First Industrial and Monmouth. It remains to be seen how mall REITs will bounce back from the negative headlines about the effects of the ailing retail sector. America has …

Texas second nationally for international CRE investors

In Industry News by Bradford

Jun 6, 2017 WASHINGTON, D.C. – Florida and Texas were the top two states where foreigners purchased and sold commercial property last year, according to survey results released today by the National Association of Realtors. California was the third most popular buyer destination. The 2017 Commercial Real Estate International Business Trends survey analyzed cross-border commercial real estate transactions made by …

Investors Going Long on Dallas/Fort Worth Office Market

In Industry News by Bradford

Both banks and alternative lenders increasingly see the Dallas/Fort Worth market as an attractive place to deploy capital in the commercial real estate sector and remain generally bullish on the region, said panelists speaking at a ULI North Texas event focused on capital markets. When national investors came into Dallas in the past, they often looked at the region as …

Texas’ New Oil Boom

In Industry News by Bradford

After a long, deep slump in oil prices, OPEC is trying to lower supply and keep prices from sinking again. But new technology and the low break-even price in the Permian Basin and other shale formations have offset some OPEC cutbacks. The U.S. has consistently been among the world’s top three oil producers, alongside Saudi Arabia and Russia. Texas has …

Top Challenge for Industrial Investors is Finding Assets to Buy

In Industry News by Bradford

Sales of industrial properties grew by 3.0 percent in the first quarter of 2017 compared to the same period a year ago, to $13.9 billion, according to New York City-based research firm Real Capital Analytics. Patricia Kirk 1 | May 05, 2017 While industrial is not the sexiest type of real estate, it is certainly a darling of investors. There …

Dallas Job Stats Point to Continued Growth

In Industry News by Bradford

According to the Bureau of Labor Statistics, Dallas trails only New York City when it comes to job creation, meaning that people will continue to flock to the Texan city for work. The city’s current 95.1 percent occupancy rate indicates that it doesn’t have the massive multifamily shortage seen in other metros. Job growth continues to be led by metros …

MSA Snapshot: Dallas in High Demand as Commercial Properties Fill Up

In Industry News by Bradford

Over the last decade, increased demand has strained core urban assets in major markets such as New York, Miami and Washington, D.C., and has driven investors to emerging “New World Cities.” The Dallas-Fort Worth-Arlington MSA has risen to be one of top property investment markets in this category. This is corroborated by CMBS data, as the Dallas MSA ranks seventh among …

NAIOP Sentiment Index

In Industry News by Bradford

The NAIOP Sentiment Index is a composite of nine survey questions regarding increased employment, occupancy rates, effective rents, construction labor costs, available debt and general sentiment, among a couple others over the next 12 months. Respondents believe that the overall market will continue to be favorable for the commercial real estate industry.  This seems to reflect an expectation that the …

Dallas-Fort Worth Economic Indicators

In Industry News by Bradford

The Dallas-Fort Worth economy expanded in December.  While job growth was lackluster and unemployment rose during the month, DFW Employment grew to a vigorous 2.7 percent in 2016 – more than a percentage point faster than the state at 1.6 percent and the nation at 1.5 percent.  Dallas and Fort Worth business-cycle indexes decelerated in December though growth remained positive.  …

Texas Economy Positioned to Improve in 2017

In Industry News by Bradford

The Dallas-Fort Worth economy continues to be on a vigorous upswing.  Continuing the momentum, employment has outperformed the nation and the state in the month of November.  Falling unemployment numbers while the business cycle indexes accelerated and home sales rose all in the 3rd quarter top out the improvements. Here are a few of the highlights: DFW Employment expanded an …

North Texas wrap up 2016

In Industry News by Bradford

North Texas had a record year in 2016.  Here are a few tidbits picked up from a recent NAIOP North Texas 2016 wrap up.  This information was presented by Steve Brown, Dallas Morning News real estate. DFW ranks 2nd in Top Job growth of metropolitan areas behind New York City with 114,000.  Other Texas cities included were Austin (21,200), San …

7 shifts in Texas’ demographics including wealth, population and education growth

In Industry News by Bradford

Growth seems to be the key word for Texas, according to the newly released 2015 census data, published Thursday, Dec. 8. The information reveals a larger, more wealthy and more educated population. The growth, however, does not stop there. Here are seven key demographic shifts recorded by the U.S. Census Bureau, and what the organization indicates about residents of the Lone …

The end of ‘insane regulations’? D-FW, national real estate markets weigh potential Trump effect

In Industry News by Bradford

The hot commercial real estate and housing markets are heading into the final months of the year with a lot of momentum. Will a surprise Trump win in the presidential election make investors and homebuyers take a step back? “Thankfully our November elections come at one of the slowest time of the year for home sales, so I doubt we …

Crane Watch: The biggest construction projects in Dallas-Fort Worth

In Industry News by Bradford

With all the development going on around Dallas-Fort Worth, the Dallas Business Journal is launching Crane Watch, our guide to new construction around the region. The interactive maps below allow you to pinpoint construction projects, while zooming in or out of a particular neighborhood to get more details. Right now, there are two maps, one locating projects in the northern …

Texas Economic Update

In Industry News by Bradford

In a new video, Dallas Fed business economist Jesus Cañas says revised employment data show Texas weathered a more challenging first quarter than previously thought, but there are signs of improvement. “Actual employment data for first quarter tell us that the Texas economy didn’t grow as fast as we had anticipated,” Cañas said. “The combination of slow growth in the U.S. …

Y’all Street: Could Dallas oust New York City as a global financial capital?

In Industry News by Bradford

By Jill Cowan Economy reporter Published: 28 July 2016 12:58 PM Updated: 28 July 2016 03:41 PM The document’s title holds a dire warning for Wall Street — the place, not the stock market: “AT RISK,” it says, is “New York’s Future as the World Financial Capital.” The 2015 report, by business group Partnership for New York City, proceeds to …

Behind those Amazon Prime boxes, a bull market in warehouses

In Industry News by Bradford

By David Randall | NEW YORK (Reuters) – With Amazon and other e-commerce sites continuing to take market share from malls and other physical retailers, U.S. mutual fund managers are upping their bets on an overlooked part of the online shopping boom: warehouses. Real estate investment trusts (REITs) that own the distribution centers required to fill all those Amazon Prime …

Outlook for the Texas Economy – July 2016

In Industry News by Bradford

Luis Torres and Wayne Day (Jul 14, 2016) Summary The Texas economy grew tepidly in May. The number of jobs in the state increased only slightly for the month. Annual employment grew primarily due to the services sector, trade, and leisure and hospitality. Manufacturing and mining and logging employment in Texas declined while services continued a positive trend. Texas housing …