REDNews May 2014

Texas Building Resource Guide Edition

May 2014

In this issue: LaPorte Holds Promise for Retailers REDNews Interviews MIMCO, Inc Retail Development & Rightsizing

FOR 100,000+ CRE BROKERS, INVESTORS & DEVELOPERS

Take Off Your Rose Colored Glasses

t

e nn

fondren

o ss i b

222 j5.v$2228858@92

222

@9Iv4@9Ew2

l Co42x2252F252 25222 222v95.89g22222 222222 22224ll, v98.2

82

.2

$2

Population

vv5.98

vI85j9v

$vj58@v

22

@5IE9

w$58jv

v9v5@IE

+$v59.@

+$j5vj9

+@958@9

Avg622

ll l @8.6$wj6vjjI jrabon@hi4reit6com

ll @8.6$wj6vjw@ dmorales@hi4reit6com

www6HI4REIT6com vE9E22222522@@9$@

Houston522@@9@I

j5.v$2 8858@92 SPACE SPACE HEALTH CLUB

La Gran Plaza 4200 South Freeway, Fort Worth, Texas properTy deScripTion   

GLA:

1,077,782 sf

Property Type:

Super Regional Shopping Center

Sq. Ft. Offered:

193 - 49,800 Contiguous RSF 4,000 spaces

 Parking:  Visibility: 

Interstate 35W

Daytime Population: 4,096

AmeniTieS And AreA inFo 

National and other tenants include: Burlington Coat Factory, Everest College, Cinema Latino, Ross Dress for Less Anna’s Linens, Claires, Foot Action, Fiesta Grocery

2013 Est.

3 Mi.

5 Mi.

10 Mi.

Total Pop.

105,602

265,396

762,720

Households

32,704

90,829

276,357

Avg. HH Inc.

$31,168

$35,359

$42,973

Hispanic

57.42%

45.09%

36.82%

African Am.

15.72%

23.58%

18.19%

Asian

2.75%

2.23%

2.69%

White

22.8%

27.53%

40.39%

Rhonda Thompson, CCIM | 817-922-8888 Rhonda.Thompson@BoxerRetail.com

www.BoxerRetail.com



Over 3,000 retailers, restaurants, and office occupations in the area

  

15 minutes to downtown Fort Worth and CBD On the “T” bus line Fort Worth named one of “America’s Most Livable Communities"

       

Fort Worth 9th safest city in the United States 16th Largest city in the US Weekend and family entertainment 125,000 sf Mercado Food Court and on-site dining options Kids' Play area Located off I-35W between I-20 and I-30 Traffic Counts: 27,412 VPD

Table of Contents 4 REDNews.com

The Gateway City: LaPorte, Texas Holds Promise for Retailers REDNews Interviews MIMCO, Inc Texas Building Resource Guide

10 12, 13

14, 16, 18, 20, 22, 24,26, 28,30

Retail Development eCommerce & Rightsizing

32

Mr. Developer and Mr. Banker: Take Off Your Rose Colored Glasses 34 Your Website is Like Your Car

Properties For Sale/Lease

50

1-2, 5, 7 – 9, 11, 15, 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 49, 52

Commercial Services Environmental Services

38

Moving & Relocation

49

What’s Happening in Texas CRE Calendar of Events

40, 42, 44

Networking Photos

41, 43, 45

Deals & Announcements

46-48

PlazAmericas Shopping Center 7500 Bellaire Boulevard Houston, Texas properTy descripTion  GLA:  Property Type:  Sq. Ft. Offered:  Parking:  Visibility:  Daytime Population:

637,796 sf Regional Shopping Center 608 - 63,880 Contiguous RSF 6,000 spaces Hwy. 59 frontage 14,838

AmeniTies And AreA info  Located in Houston, TX, the 4th largest city in the US  PlazAmericas offers over 100 stores National and other tenants include: 2013 Est.

3 Mi.

5 Mi.

10 Mi.

Total Pop.

255,982

557,961

1,494,407

Households

97,740

221,524

586,562

Avg. HH Inc.

$51,041

$75,741

$80,169

Hispanic

56.73%

42.33%

36.00%

African Am.

15.77%

18.43%

21.13%

Asian

9.90%

10.17%

11.28%

White

17.27%

27.37%

29.78%

Rhonda Thompson, CCIM | 713-777-1111 Rhonda.Thompson@BoxerRetail.com

www.BoxerRetail.com

Melrose, Burlington Coat Factory, Footlocker, Foot Action, Journey’s



263,000 VPD on US Highway 59 North of Bellaire and 261,000 South of Bellaire

 Weekend Family Entertainment  83,000 SF Mercado  Food Court and on-site dining options  Kids' Play area  Located between the Westpark Tollway and US 59

Publisher’s Letter

PUBLISHER

Ginger Wheless

ginger@rednews.com

FOR 100,000+ CRE BROKERS, INVESTORS & DEVELOPERS

EDITOR Marjorie Gohmert marjorie@rednews.com STAFF WRITER Janis Arnold CONTRIBUTING WRITERS Ray Hankamer rhankamer@gmail.com Austin - Jill Rowe San Antonio - Kim Gatley ART DIRECTOR Connie Marmolejo - connie@rednews.com ACCOUNTING Benton Mahaffey accounting@rednews.com E-MARKETING/DATABASE MANAGER Jason Marshall jason@rednews.com DIGITAL ENGAGEMENT DIRECTOR Chris King chris@rednews.com SALES Ginger Wheless ginger@rednews.com

Print & Digital Distribution

Dear Readers, This issue should find many of you retail brokers at RECON Las Vegas. I hope you’re having much success making a lot of deals and wearing comfortable shoes.

REDNews 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 7,650 Texas Leasing / Tenant Rep 6,232 Texas Investors 4,979 Texas Developers 4,710 Outside Texas Investors, Brokers, Developers, etc 81,577 Total REDNews Distribution 105,148

REDNews Has Gone Green Using Recycled Content To subscribe to REDNews call 713.661.6300

or log on to www.REDNews.com/free We are always striving to improve the editorial content in 5959 West Loop South, Suite 135 Bellaire, Texas 77401 REDNews and consistently ask readers for information that is of the most interest to them. Several developers mentioned how helpful it would be to have a “Texas Building Resource Guide” that detailed each city’s specifications, pricing and timing for getting a project approved for construction. It has proven to be a daunting task and is a work in progress. However, you’ll find the bare bones information in this issue, ie., contact information for many of Texas’ city planning/development departments. We will continue to expand and embellish the information with more details online at www.REDNews.com/guide. We also plan to print the comprehensive Texas Building Resource Guide in the November 2014 Texas RECON printed issue.

We welcome Chris King to REDNews as our Digital Engagement Director. Although Chris is new to commercial real estate, he has extensive experience in web development and digital/social media marketing. Since one of the big retail debates today relates to eCommerce and its long term effect on the size of storefronts, we asked Chris to give us a consumer perspective on eCommerce which you can read on Page 32.

I spoke with Bob Ayoub and Troy Marcus with MIMCO, Inc. regarding retail development and investment and asked Bob his opinion on whether retail tenants are shrinking the size of their floor plates due to eCommerce. Bob sees the retailer’s advantage of capitalizing on eCommerce though downsizing to smaller floor plates while increasing their market presence with more locations. (See pages 12 & 13).

Have a fabulous Memorial Day Weekend!

Ginger Wheless

6 REDNews.com

GREAT OFFICE SPACE FOR LEASE! 2550 Gray Falls - Single Offices to 11,500 SF Available • 2 Miles West of Beltway 8 on Westheimer • Covered/Surface Parking • Card-Key Access • Professional on-site management • Local Stable Ownership • Single Offices–11,500 SF Available

8300 Bissonnet - Top Floor & Building Identity Available

hip s r e n w O w Ne nt! e m e g a n a New M

PARK GREEN I

• $1.5 Million in Renovations!

• Corner of Gessner & Bissonnet • Easy access to US 59 & Sam Houston Tollway • 24 Hour Controlled Access • On-Site Deli Space Available • Across from Braeburn Country Club • Excellent Parking • Single Offices to Full Floor Available • Building Identity Available Beechnut

S Gessner

S.

Braeburn Country Club

B

ra

es

w

oo

d

Bill McGrath, CCIM

bmcgrath@landparkcommercial.com

Ric Holland

rholland@landparkcommercial.com

www.LandParkCommercial.com | 713-789-2200

Personalized Service. Proven Results.

www.tarantino.com

NOW LEASING | 8313 Southwest Freeway

Up to 25K Open Concept Space Ideal For School/Engineering Firms

Visit the new Center website for all the amenities, photos and floor plans! www.thecenterbuildings.com

Kris Lilly| klilly@tarantino.com | 713-772-6633

256 N. Sam Houston Pkwy

Airport Office Building | For Sale or Lease

256 N. Sam Houston Pkwy, Houston, TX

8031 Airport Boulevard, Houston, TX

• 10,000 – 30,000 SF Available

• • • •

• Located just 15 Minutes from IAH • Building Signage Available • Gernerous Building Allowance • Competitive Rates & Terms

Eric Ohlson | eohlson@tarantino.com

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

Peggy Rougeou | peggy@tarantino.com

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

San Antonio Office:

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

Bingle Village Shopping Center

2305-2339 Bingle Road Houston, TX 77055 • 1,200 – 8,976 SF Retail Space Available • Pylon Signage Available • Extensive Parking • Landlord will Build to Suit for Credit Tenant

Eric Dr ymalla | edr ymalla@tarantino.com

De Zavala

12770 Cimarron Path San Antonio, TX 78249 • 3,000 – 10,000 SF, Flex Office & Biomedical Space Available • Climate Controlled Warehouse • Generous Tenant Finish-Out Allowance

Austin Office:

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

Angleton Four Corners Shopping Center

1804 N Velasco Street Angleton, 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

Peggy Rougeou | peggy@tarantino.com

Brownstone Office Condominiums

16110 Kuykendahl Rd Houston, TX 77069 | $1M •5 .393 Acres of Land in North Houston with Improvements & 5 Office Buildings Totaling Over 20,000 SF

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

Coni Jenkins| cjenkins@tarantino.com

Larr y Vickers | larr y@tarantino.com

10 REDNews.com

for more information contact: scott d. livingston, 281-470-5016, livingstons@laportetx.gov

REDNews Interviews MIMCO, Inc.

Bob Ayoub and Troy Marcus of MIMCO, Inc. talk about their company and give their take on retail investment and the development market in today’s Texas real estate.

Tell me about your company and how it was started.

Bob: The company was started in 1972 by Morris Marcus as a grocery business based in El Paso, Texas. It was originally operated as a family-run grocery business, which grew to include small retail properties. When Mr. Marcus had a heart attack he decided Bob Ayoub to sell the grocery business and focus on his real estate investments. His sons, Meyer and Clement Marcus worked with him in the business and continued to buy small commercial properties in El Paso. Over the past 42 years, the company has grown to include over 320 properties located in El Paso, Austin, Dallas, San Antonio, McAllen, Fredericksburg, Brownsville, Hidalgo and Pharr, Texas as well as several holdings in Southern New Mexico.

to Austin and expand MIMCO’s presence outside of El Paso.

start expanding into the area we tend to tag on to those retailers and look for value-add centers in that neighborhood.

Is the company still focused primarily on Hispanic markets?

Are you coming out of the downturn that was experienced by the majority of the CRE market?

Bob: A lot of our tenants are focused on Hispanic retail, but the reality is our shopping centers are in neighborhoods that cater to just about everyone, particularly in the Central and North Texas markets.

Bob: Because we’ve built value-oriented shopping centers and had value retail tenants in a lot of our centers during the downturn, our centers and tenants were able to weather the downturn pretty well.

Troy: It made sense that we, having been established in El Paso, which at the time was about 70% Hispanic (today it’s closer to 84%) become focused on catering to Hispanic markets and value-oriented tenants.

Bob: As a commercial real estate broker I started selling El Paso real estate to Meyer & Clement around 1978 or 1979. We had family history together and were good friends so after brokering properties to them for many years I came on with the company in 1992. When I started here, the company included Meyer and Clement, myself, an assistant and a couple of property management people; today we have about 35 people in the office.

We have found that we are able to add the most value to a real estate project by Troy Marcus improving properties that were previously mismanaged or neglected, as well as relying on the strong ties that we have developed with value-oriented tenants, bringing them into these newly improved spaces. This includes tenants such as Melrose, Peter Piper Pizza, Big Lots, dd’s, Ross Dress for Less, Goodwill, Dollar Stores and then, of course, your local and regional grocery stores that focus on providing high quality food at low prices. An example of a recent deal is in Fredericksburg, which is only 15% Hispanic, but the shopping center was focused around demographics and tenants that we’re very comfortable with (Bealls, Dollar Tree, Goodwill, and AT&T.) We’ve done the same in parts of East Dallas, Austin, and San Antonio.

Troy, what is your background with the company?

So your expansion stategy is focused on demographics & value add?

Bob, when did you join the company?

Troy: By definition I became a full-time employee of MIMCO three years ago, but grew up interning in and around the company, much like my uncle and father. It was instilled in me at a very young age the responsibility of working for the family business and I was fortunate to grow up driving sites with my grandfather, father, and uncle. After spending some time working in private equity real estate in Dallas, the opportunity came up to move

12 REDNews.com

Bob: Yes. The markets that we look at primarily are Hispanic focused markets, but basically we’re looking for value. We love to renovate shopping centers. We love to take an old beat-up shopping center, clean it up, fix it up and re-tenant it. As a result we’re looking at markets where those products are available.

If a neighborhood is stable and national retailers

You have to have management relationships or management staff in the markets that you’re going to operate in so that the centers are run efficiently and you are able to maximize their performance. - Bob Ayoub I can tell you the biggest change for us has been that we’re looking at bigger projects and at markets that we never would have looked at before.

We would not have looked in Austin & Dallas 10 years ago, and now we are. With the relationships we have established across the state and having Troy in Austin to work in the North and Central Texas markets, we’re much more comfortable in those markets and going after much bigger projects.

Has the criteria for your retail acquisitions & retail development been influenced by Eagle Ford Shale?

Bob: The markets that we’re in haven’t seen the huge spike as a result of that. We’re not in Midland or Odessa and we’re not in the areas just south of San Antonio. We think we feel it, because we think a lot of the neighborhoods we are in are seeing their income levels move up, and the centers are staying full, and very busy. We have a sense that there are good things going on in all the markets in Texas and I think that’s related to, basically, the oil boom across the State of Texas.

Troy: I would say there have been two indirect results that have had a huge impact on real estate in Texas. The first is the cost of construction. Given that oilfield jobs pay so well, a lot of traditional construction workers are moving into South Texas to work the Eagle Ford or moving out West to work in the Panhandle, so that shrinking labor pool is pushing labor rates and the cost of fuel and other factors are pushing material costs so as a result you have seen construction costs go up significantly .

We’ve also seen a lot of wealth created as a result of this oil boom, and this money is looking for tangible assets, like real estate, to invest in. Consequently, there is more competition in what we’re trying to buy, driving prices up in all our markets.

Do you think at some point properties are going to be priced outside of the market in Texas?

Bob: Not really, I think people have a lot more opportunities to look across the state and even across the country to find product; factors driving the markets are the availability of funds, and as long as rates are cheap and banks aren’t paying anything on CDs, people are going to be looking for alternative investments. One of our key advantages in terms of buying and owning shopping centers is our focus on managing the product. You have to have management relationships or management staff in the markets that you’re going to operate in so that the centers are run efficiently and you are able to maximize their performance. Since we have those relationships and staffing we are able

Troy: Bob and I recently discussed a report which stated that multi-tenant retail in 2013 traded at an average cap rate 43 basis points lower than the year prior. This is interesting because in that same year we saw the 10-year treasury jump 120 basis points from 1.86% at the start of 2013 to over 3% at year-end. While not perfectly, but generally, cap rates and the 10-year treasury track each other, but this was far from the case in 2013.

I believe that this 160 basis point compression in spread does a good job depicting the increase in competition in Texas real estate. Following the recession, Texas received more attention (and in turn, capital) on the national and international level than in years past, and this has driven prices up. While there is still a market out there, I do feel that the presence of out-of-state buyers is growing, and their willingness to settle for lower returns is forcing us to work harder and find new ways to add value to our centers and our tenants.

Has this motivated you toward more development?

Bob: The problem with that is, you have to have the tenants ready to follow the development.

Currently we’re developing two new centers in El Paso. We’re renovating in Austin, Dallas, and McAllen and whenever there is an opportunity to buy land that we can hold for a while we also do that.

But development isn’t easy and timing is critical- you have to have the demand, the location, and the tenants, all in sync and ready to go at the same time, along with the capital and the financing, to make the project work- it’s the most exciting and demanding part of the business.

Troy: Given the increased competition, and in turn lower spreads, that we alluded to earlier, we are having to move up the risk-curve toward development deals to achieve the yields that we had in years past.

Bob: I don’t see interest rates going anywhere for a while. As long as the rates are going to stay low, even though construction costs are going up, tenants continuing to pressure developers on lease rates, and retailers changing their models and formats and store layouts (as they compete with the internet), there are a lot of people with the ability to borrow money who are going to build and develop new product to bring onto the market.

to be aggressive in buying centers.

I do think investors will be looking around for the best places to invest. We are always looking, too, but now if we see something in El Paso, San Antonio, Dallas, or Austin, and we know the market, and the neighborhood, we have to decide if we’re going to pay a little bit more and buy it or not.

Right now there is so much competition you have to pay the price or you don’t buy.

Look at what’s happening with Dodd-Frank and the pressure on the banks to get out of other forms of investments to get back to basic lending. The more banks that are back in basic lending, which includes real estate lending, the more competition there is for loans, the more pressure there is on rates. That’s what we’re seeing. The banks are getting more and more aggressive on lending on real estate product and it’s because they’re being pushed away from their other financial products,

so when they start doing that, the competition pushes the rates down, and that is why we don’t believe interest rates will rise much and development is sure to continue.

Are you seeing your retail tenants reduce the size of their floor plates because of the internet?

Bob: I don’t know if that’s true or not, but I can tell you that Best Buy has unveiled smaller formats, and several soft goods retailers that we work with are talking about shrinking their format. I don’t know if they’re shrinking it solely because of the internet. They may have learned to be more efficient, their product may be smaller (example: televisions), or it may be because internet sales are encroaching on their in-store sales.

Others like Wal-Mart are looking at smaller format stores because they want to compete with the Dollar stores so they are rolling out their 30,000 or 40,000square -foot stores and they’re even talking about smaller stores like 6000-15,000 sf to be able to fit in big city and infill locations. The internet is a factor, but retail is changing, so the internet is not the only factor.

What is the prediction for Texas retail in the next five – ten years?

Bob: Solid growth across the state. We’re continuing to attract business to Texas. We’re continuing to attract new jobs, with new people moving in at an incredible rate. I think we’re going to continue to see residential construction growth and apartment construction increasing, both as the result of the large growth of jobs. This will also drive office construction and the need for new industrial. But it is when residential construction goes up that there is an increase in the demand for retail and thus there will be retail construction and that in itself creates jobs. We are extremely positive on the entire Texas market. There is just nothing that I can see on the horizon that is going to be a downside for Texas.

REDNews.com 13

TEXAS BUILDING RESOURCE GUIDE

Texas Building Resource Guide

Getting Building Projects Permitted and Complete *The following directory is your guide to reaching the right contacts for regional project permitting in Texas. When provided, permit cost/timeframe is included. Look to REDNews.com/guide for an updated digital version of this guide and a directory of regional EDCs. Allen thru Bonham A Allen Kurt Kasson Chief Building Official 214-509-4131 kkasson@cityofallen.org www.cityofallen.org Amarillo Scott McDonald, CBO Building Official 806-378-3045 scott.mcdonald@amarillo.gov www.amarillo.gov

Austin Candy Coward Planning & Development Review Department 512- 978-4000 permitcenter@austintexas.gov www.austintexas.gov Azle Greg Mitchell Chief Building Inspector 817-444-7084 gmitchell@ci.azle.tx.us www.cityofazle.org B

Angleton Karen Barclay Building Services Dept Director 979-848-5680 kbarclay@angleton.tx.us www.angleton.tx.us

Bastrop Melissa McCollum Planning and Development Director 512-332-8840 mmccollum@cityofbastrop.org www.cityofbastrop.org

Arlington Steve Quirk Operations Analyst 817-459-6501 steve.quirk@arlingtontx.gov www. arlingtontx.gov

Bay City Marty Godley Code Enforcement Officer 979-245-0997 buildingdept@cityofbaycity.org www.cityofbaycity.org

Athens Gary Crecelius Dir Planning & Development 903-675-5131 planning@athenstexas.us www.athenstx.org

Beaumont Chris Boone Community Development 409-880-3767 311@ci.beaumont.tx.us beaumonttexas.gov

Athens Michael Climer Building Inspector 903-675-5131 planning@athenstexas.us www.athenstx.org

Bedford Russell Hines Building Official 817-952-2140 russell.hines@bedfordtx.gov www.bedford.tx.gov

Belton Erin Newcomer Planning Director 254-933-5812 enewcomer@beltontexas.gov www.beltontexas.gov Benbrook Ismael ‘Izzy’ Rivera Jr. Chief Building Official 817-249-6009 irivera@benbrook-tx.gov www.ci.benbrook.tx.us Site Development Permit Cost: $100-$300 Building Permit ETA: 30-60 Days Site Development Permit ETA: 39-90 days Building Permit Cost: Over $901 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes Big Spring Leslie Whitten Code Enforcement Staff 432-264-2504 lwhitten@mybigspring.com www.mybigspring.com Bonham Jason Smith City Inspector 903-583-7555 bldgcode@cableone.net www.cobon.net Site Development Permit ETA: 30-90 days Building Permit Cost: Over $100-$300 Development Incentives: Yes continued on page 16

14 REDNews.com

*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.

ALMEDA MALL 12200 GULF FREEWAY HOUSTON, TEXAS 77075 (I-45S AT ALMEDA GENOA RD.) RETAIL SPACE AVAILABLE • Currently negotiating with national tenants to occupy an additional 90,000 SF. • Ability to relocate existing tenants to create space to fit your needs (from 800 SF – 100,000 SF).

• JR anchor spaces available with I-45 frontage / exterior entrances / individualized facades.

• Existing national tenants include: Macy’s, Palais Royal, Burlington Coat Factory, DD’s Discounts, Footlocker, Bath & Body Works, Lerner New York, Champs, Gordon’s, Journey’s,Vitamin World, & GNC.

COMPLETED REDEVELOPMENT • New mall entrances • New pylon with electronic message board • $20 million remodeled Macy’s • New Burlington Coat Factory, DD’s Discounts, Ojos Locos Restaurant

2014 REDEVELOPMENT PLANS • $6 Million remodel/remerchandising

DOWNTOWN

• New individualized exterior tenant facades • New interior flooring & lighting ALMEDA MALL

• Redesigned center court & food court • Improved exterior parking lot, lighting & landscaping

SCHEDULE A MEETING WITH US AT ICSC TO DISCUSS YOUR FUTURE AT ALMEDA MALL: AMANDA K. FOX OR ASHLEY B. PACETTI 713.622.2007 AMANDA@FOX-PROPERTIES.NET • ASHLEY@FOX-PROPERTIES.NET

Texas Building Resource Guide

Borger thru Colleyville

Borger Kenneth Petr Director Planning & Zoning 806-273-0910 kpetr@ci.borger.tx.us ci.borger.tx.us

Bryan Greg Cox Chief Building Inspector 979-209-5010 cmckinzie@bryantx.gov www.bryantx.gov

Burleson Terre Diduch Building Inspector 817-426-9632 tdiduch@burlesontx.com www.burlesontx.com

Brenham Allen Jacobs Building Official 979-337-7220 ajacobs@cityofbrenham.org www.cityofbrenham.org

Buda Chance Sparks Director of Planning 512-312-0084 NDykes@ci.buda.tx.us ci.buda.tx.us

Brownsville Evaristo Gamez, Jr. Permitting Director 956-548-6088 egamez@cob.us www. cob.us

Burnet John Goble Building Official & City Inspector 512-715-3216 jgoble@cityofburnet.com www.cityofburnet.com

Buffalo Michael Hahn Customer Service Inspector 903-322-4741 www.buffalotex.com

Brownwood Joe Roady Building Official 325-646-5775 jroady@ci.brownwood.tx.us www.ci.brownwood.tx.us

Burkburnett Charlie Morris Chief Building Inspector 940-569-2263 cmorris@burkburnett.org www.burkburnett.org

C Carrollton Ray Jackson Building Inspector 972-466-3217 ray.jackson@cityofcarrollton.com www.cityofcarrollton.com Cedar Park Amy Link Planning Manager 512-401-5056 amy.link@cedarparktexas.gov www.Cedarparktexas.gov Cibolo Joe Williams Senior Building Inspector 210-658-4175 jwilliams@cibolotx.gov www.cibolotx.gov College Station Bridgette George Development Coordinator 979-764-3570 bgeorge@cstx.gov www.Cstx.gov Colleyville Kim Roby Code Enforcement Officer 817-503-1269 kroby@colleyville.com www.olleyville.com continued on page 18

16 REDNews.com

*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.

713.690.0000 CaldwellCos.com For Sublease | 14,669 SF

5353 W. Sam Houston Parkway, Suite 150, Houston, TX 77041 FEATURES

• 14,669 SF of Office / Flex

-11,699 SF of Class A office -2,970 SF Warehouse

• 2,970 SF Warehouse • Visibility from Sam Houston Parkway • Building and monument signage • Professionally owned and managed • 31 private offices • 3 conference rooms • 2 break rooms • Multiple work centers

Call For Pricing Office For Sale | +/- 2,900 SF of Office Space on a 12,500 SF Site

1011 Sabine Drive, Houston, TX 77007 FEATURES

• Approximately 2,900 SF Office space on a 12,500 SF site • Office conversion of a 2-story Sixth Ward home • 5 private offices and 6 parking spaces • Beautiful woodwork, crown molding, glazing and fireplaces • Fenced with automatic gate access • Highly desired Washington Avenue corridor address with downtown views • 5 minutes from Central Business District and City of Houston Municipal Court • Excellent property for a professional firm

Price: $720,000 For more information, contact Ron Roberson, CCIM, SIOR

Office: 281.664.6640 Email: RRoberson@CaldwellCos.com

Andrew Armour

Office: 281.664.6614 Email: AArmour@CaldwellCos.com

Texas Building Resource Guide

Colorado City thru Duncanville

Colorado City Rick Goodney Code Enforcement Officer 325-728-5252 code@cityofcoloradocity.org www.cityofcoloradocity.org

Copperas Cove Chris Stewart Planning Services 254-547-4221 bsmith@copperascovetx.gov ci.copperas-cove.tx.us

Conroe Michael Kirkwood Chief Building Official 936-522-3115 permits@cityofconroe.org www.cityofconroe.org

Corinth Fred Gibbs Director of Planning and Development 940-498-3200 planninganddevelopment@cityofcorinth.com www.cityofcorinth.com

Converse Gilbert Durant Chief Building Official 210-658-8285 gdurant@conversetx.net www.conversetx.net Coppell Michael Arellano Chief Building Official 972-304-3506 marellano@coppelltx.gov www.coppelltx.gov

Crockett John Erickson Code Enforcement 936-544-5156 ex 207 www.crocketttexas.org D Dallas Jim O’Neill (NE), Joel Cruce (NW) ,Cary Pritchett (SE) David Session (SW) Building Inspection permit center 214-948-4480 bicommercial@dallascityhall.com www.dallascityhall.com

ROOM TO GROW city of converse Economic Development Corporation

WE’RE GROWING PLACES

Located on Loop 1604, the City of Converse has easy access to IH 35, IH 10 & San Antonio.

We are an ideal city for living, shopping & business with proposed development sites for Commercial & Industrial • Residential & Multi-Family • Entertainment & Recreation • Institutional Tax abatements and incentives are being offered to qualifying business.

City of Converse 2013 Municipal Leadership Award from Build San Antonio Green City of Converse EDC 2013 City of San Antonio Green Practitioner Award Division 7 Solutions, Inc. HQ in Converse 2012 Technical Contributions Award from Build San Antonio Green

ConverseEDC.com • 210.659.9163 18 REDNews.com

Decater Dedra Denee Ragland, AICP Director Planning and Development 940-393-0250 Development/planning/code documents available at City’s Website www.Decaturtx.org Denison Betty Floyd Building Department 903-465-2720 bfloyd@cityofdenison.com www.cityofdenison.com Denton Zac Loiselle, C.B.O. Building Inspection Supervisor 940-349-8359 zackery.loiselle@cityofdenton.com www.cityofdenton.com Deer Park Larry Brotherton Building Inspector 281-478-7237 lbrotherton@deerparktx.org www.deerparktx.gov Del Rio Janice Pokrant City Planner 830-774-8524 jpokrant@cityofdelrio.com www.cityofdelrio.com DeSoto Edlyn Vatthauer Planning and Zoning Manager 972-230-9624 jthompson@ci.desoto.tx.us ci.desoto.tx.us Dickinson R.G. Reeder Planning/Zoning Commission 281-337-2489 Kevin Byal, building Inspector ci.dickinson.tx.us kbyal@ci.dickinson.tx.us Duncanville Dennis Jobe Building Inspector 972-780-4940 djobe@ci.duncanville.tx.us ci.duncanville.tx.us continued on page 20

*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.

Retail for Lease North Shore High School

Space taurant

Res

Property Information:

24,935 8,706 $61,860 $53,373

5 Mile

Located south of West Park Tollway, in the SE corner of Chimney Rock and Glenmont, Houston, Harris County, TX.

QW World Party Supply

Population Household Avg HH Income Med HH Income

3 Mile

102,051 157,163 31,395 47,842 $59,335 $58,162 $52,332 $51,876

Major Tenants: La Michoacána Meat Market, Kinderworld Daycare, Hunan King Restaurant, Insurance Office, Available Family Medical Center.

25,380 Uvalde South of Woodforest 21,390 Uvalde North of Woodforest 18,510 Woodforest West of Uvalde Available19,423 Woodforest East of Uvalde

Available 1,200 SF

Available 1,000 SF

1,800 SF

Leasing Availability

1,000 SF - 5,000 SF Available 2300sf

Brian Ellisor

c

5708

1,000 - 5,000 s.f.

For Information: 713-681-0600

45,511 16,004 $48,588

3 Mile

5 Mile

217,358 497,829 95,190 215,223 $82,542 $83,016

39,560 Chimney Rock North of Glenmont HOUSTON

3,300

18,700 Chimney Rock South of Glenmont Chimney Rock 6,780 Glenmont West of Chimney Rock 5,020 Glenmont East of Chimney Rock

Metro PCS

WillTX. Sub-Divide Red Oak Commercial 10900 Northwest Freeway, Ste. 223 Houston, 77092 1,000-5,000 SF Will Sub-Divide HOUSTON

1 Mile

Traffic Counts

For Information: 713-681-0600

e information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner makes no guarantees, warranties or representations as to the completeness or accuracy reof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

c Leasing Availability:

TitleMax

Christian Barraza

3,300 S.F.

Brian Ellisor

christian@redoakcre.com

brian@redoakcre.com

Woodforest Shopping Center

The information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

421-474 Uvalde Rd & Woodforest Blvd, Houston TX 77015

Chimney Rock Central

For Information: 713-681-0600

Christian Barraza

Brian Ellisor

christian@redoakcre.com brian@redoakcre.com

5700 Chimney Rock, Houston TX 77081

We obtained the information contained herein from sources we believe to be reliable. However, neither the Broker nor Owner have verified its accuracy and can make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the

8

Available

Liquor Store Available - Storage 99¢ Store The Sameritian Furniture

Will sub-divide to 2,412 s.f.

Will Sub-Divide 4,050 SF

Advance Auto Parts Reyes Homes Insurance

11

Major Tenants: 99¢ Store, Ace Cash Checking, Cricket, Advance Auto Parts, Dominos, South Texas Dental, Etc

Demographics Population Household Avg HH Income

1 Mile 3 Mile 5 Mile

15,999 5,814 $67,169

156,711 436,605 HOUSTON 57,052 154,933 $65,837 $64,891

Traffic Counts

Kim’s Barber Shop

2,450

Vivian Nail Spa

Dewberry Lane

Ace Cash Checking

Happy Washateria

3,136 s.f.

Located in Southwest Houston at the intersection of Chimney Rock and W. Bellfort, Houston, Harris County, TX.

Available 1,611 SF

Property Information:

Available 2,450 SF

22,110 Chimney Rock North of W. Bellfort 21,540 Chimney Rock South of W. Bellfort 16,896 W. Bellfort West of Chimney Rock 31,785 W. Bellfort West of Chimney Rock

TitleMax South Texas Dental Domino’s

Major Tenants: Family Dollar, Radio Shack, Cici’s

HOUSTON Pizza, Partners Sales & Leasing, H&R Block, Boot Mobile, Beltone, etc.

2,412 - 4,050 SF 871 SF - Storage

Westbury Triangle

Brian Ellisor brian@redoakcre.com For Information:

713-681-0600 Christian Barraza Brian Ellisor christian@redoakcre.com brian@redoakcre.com

rein was obtained from sources believe to be reliable. However, neither the Broker nor Owner make no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property , omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

11330 Chimney Rock, Houston TX 77035

Red Oak Commercial 10900 Northwest Freeway, Ste. 223 Houston, TX. 77092 The information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner make no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

Available

Located 2 miles west of the E. Sam Houston Tollway 1,244 SF / E. Beltway 8, on Spencer Highway at the lighted intersection of Restaurant Blueberry Ln. TheAvailable Shopping Center offers high exposure Space andAvailable visibly from Spencer HWY and is surrounded by densely 2,610 SF 3,136 SF populated neighbors with close proximity to Bayshore Medical Center.

c Leasing Availability Christian Barraza christian@redoakcre.com

Foot Massage

Property Information:

Current Tenant S. Side Tire & Auto Repair

Texas Printing

Red Oak Commercial 10900 Northwest Freeway, Suite 223 Houston, TX. 77092

Blueberry Lane

:

3,300 SF Will Sub-Divide Demographics Population Household Avg HH Income

Traffic Counts

Christian Barraza

5708

Property Information:

4,400 SF End Cap

Advance Auto Parts, Rainbow Shop, LNA Beauty Supply, QW World Party Supply, Tittle Max.

Demographics 1 Mile

A-Best Ins

Available 1,800 SF

Cricket Mobile

Located in the SE corner of Uvalde Rd. and Wood Forest Blvd. Houston, Harris County, TX 77015

Available Available 4,400 s.f. End Cap : DD’s Discounts, Palais Royal, CiCi’s Pizza, Tenants

e Availabl

Spencer Highway

For Information: 713-681-0600

Demographics

1 Mile

Christian Barraza Population 15,387 christian@redoakcre.com Household 5,991 HH Income $50,253 Hwy, Avg Pasadena, TX 77504

Parkview West

3 Mile

5 Mile

Brian Ellisor 149,432 286,535 brian@redoakcre.com c 48,636 94,399 $55,486 $58,832

The information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

3421-3513 Spencer

Traffic Counts

30,050 Spencer Hwy West of Blueberry Ln. 35,570 Spencer Hwy East of Blueberry Ln.

Leasing Availability

1,244 to 2,610 SF 3,136 Restaurant Space

REDNews.com 19

For Information: 713-681-0600 Christian Barraza Brian Ellisor christian@redoakcre.com brian@redoakcre.com

Texas Building Resource Guide E Edinburg Diana Ramos Code Enforcement Division 956-383-7124 dramos@ci.edinburg.tx.us cityofedinburg.com Elgin Gary Cooke Director Planning & Development Dept.

Joe Newman Economic Development Director 512-281-0119, 512-281-5724 economic@ci.elgin.tx.us Elgintx.com Ennis Mark Richarson Chief Building Official 972-878-1234 mrichardson@ennispublicsafety.net ennis-texas.com Euless Mike Collins Director of Planning & Economic Development 817-685-1623 mcollins@eulesstx.gov eulesstx.gov F Fairfield Jana Taylor City Secretary 903-389-2633 J_taylor@fairfieldtexas.net fairfieldtexas.com Fairview Ken Schmidt Planning Manager 972-562-0522 KSchmidt@fairviewtexas.org fairviewtexas.org Farmers Branch Andy Gillies, AICP Director of Planning 972-919-2534 andy.gillies@farmersbranchtx.gov farmersbranchtx.gov

Farmersville Paula Jackson Assistant to the City Manager 972-782-6151 p.jackson@farmersvilletx.com farmersvilletx.com Site Development Permit Cost: $901+ Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes Fate Will Rugeley Dev. Services Manager, City Planner 771-4601 wrugeley@cityoffate.com cityoffate.com Site Development Permit Cost: $901+ Building Permit ETA: 30-60 Days Site Development Permit ETA: 91-120 days Building Permit Cost: Over $901 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes Forney Rashad Jackson Planner 972-564-7386 rjackson@cityofforney.org cityofforney.org Fort Worth Randle Harwood Director Planning & Development 817-392-6101 randle.harwood@fortworthtexas.gov Fortworthtexas.gov

Edinburd thru Gonzales Friendswood Frank Manigold Chief Building Official 281-996-3285 fwdcity@ci.friendswood.tx.us ci.friendswood.tx.us Frisco John Lettelleir Development Services 972-292-5300 jlettelleir@friscotexas.gov ci.frisco.tx.us Site Development Permit Cost: $901+ Building Permit ETA: 30-60 Days Site Development Permit ETA: 91-120 days Building Permit Cost: Over $901 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes G Galveston David Ewald Building Official 409-797-3620 buildingdivision@cityofgalveston.org cityofgalveston.org Georgetown Mike Elabarger Planning Department 512-930-3575 planning@georgetown.org georgetown.org Gonzales Carolyn Gibson-Baros Economic Development Director 830-672-3192 cgibson@cityofgonzales.org cityofgonzales.org

continued on page 22

20 REDNews.com

*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.

FFOR EASE OR LL EASE 8301-8371 SPENCER HIGHWAY, DEER PARK, TEXAS

8301-8371 Spencer Highway, Deer Park, Texas

• Building Size: 47,479 SF • Available Space: 900 – 6,000 SF • Available Space: 900 – Dollar 6,000 General, SF • Tenants: Subway, Grand Buffet, Tandy • Tenants: Subway, Dollar General, Grand Buffet, Leather, Ralston Liquor and others.

Tandy Leather, Ralston1 Liquor others. 5 Mile • Demographics: Mile and 3 Mile • Demographics: ‘09 Est. Population1 Mile 8,666 3 Mile 62,460 5 Mile 144,694 ’12 Est. Population 14,520 80,272 162,094 ‘09 Avg. HH Income $56,725 $58,868 $55,033 ’12 Avg. HH Income $66,212 $84,501 $81,207 • Other locations available... call 713-355-4000 or visit • Other locations available…call (713) 355-4000 or visit our website.

• Building Size: 47,479 SF

our website.

1801 Durham, Houston, Texas

1801 DURHAM, HOUSTON, TEXAS

• Building Size: 16,431 SF

• Building Size: 16,431 SF2,000 SF • Available Space: 1,755 SF &

• Available Space: 1,250 SF Sandwich Shop Space

• Tenants: Starbucks, Animal Wellness Clinic (SNAP), • Tenants: Starbucks, Edible Arrangements andSprint, others.Randstad, Animal Wellness

Clinic (SNAP) 1 Mile 3 Mile 5 Mile • 1 Mile 135,156 3 Mile 403,650 5 Mile ’12 Est.Demographics: Population 18,621 ‘09HH Est. Income Population$115,006 22,968 $104,498 207,237$95,891 621,593 ’12 Avg. Avg. HH Income $48,415 (713) $52,379 $51,035 • Other‘09locations available…call 355-4000 or visit • Other locations available... call 713-355-4000 or visit our website. our website.

• Demographics:

11550 Gulf Freeway, Houston, Texas • Building Size: 12,021 SF , HOUSTON, TEXAS 11550 GULF FREEWAY • Available Space: 2,240 SF

• Building Size: 12,021 SFPlace Restaurant, • Tenants: TitleMax, The Fish Smoothie Factory, Doctor’s Office and others.

• Available Space: 2,315 SF

• Tenants: Nautica Tan, The3Fish Place 5Restaurant, • Demographics: 1 Mile Mile Mile ’12 Est. PopulationFactory 19,181 119,296 289,592 Smoothie and others. ’12 Avg. HH Income $45,819 • Demographics: 1 Mile $56,144 3 Mile $56,693 5 Mile

• Other‘09locations available…call 355-4000 or visit Est. Population 12,421 (713) 100,518 247,462 our website.

‘09 Avg. HH Income $35,871 $39,013 $40,197

• Other locations available... call 713-355-4000 or visit our website.

MIKE FRANKOFF 713-355-4000 MIKE@CREGTEXAS.COM WWW.CREGTEXAS.COM

MIKE FRANKOFF

Texas Building Resource Guide

Granbury thru Killeen

Granbury Jason Vandever Chief Building Inspector 817-573-1114 jvandever@granbury.org granbury.org

Haslet David Rogers Building Official 817-439-5931 drogers@haslet.org haslet.org

Grand Prairie Bill Crolley Director Planning and Development 972-237-8230 aellis@gptx.org gptx.org

Hillsboro Jerry Barker Community Development Director 254-582-2119 jbarker@hillsborotx.org hillsborotx.org

Grand Saline Mary Martin Grand Saline Economic Development 903-962-5631 edb@grandsaline.com grandsaline.com

Houston Patrick Walsh, P.E. Planning & Development Department director 713-837-7701 planningdepartment@houstontx.gov houstontx.gov

Grapevine Ron Stombaugh Assistant Director Development Services 817-410-3155 rons@grapevinetexas.gov grapevinetexas.gov Greenville Steve Methven Building Official / Code Enforcement Manager 903-457-3160 smethven@ci.greenville.tx.us ci.greenville.tx.us

Justin Betsy King Building Permits 940-648-25412541 bking@cityofjustin.com cityofjustin.com

Hurst Michelle Lazo Managing Director of Development 817-788-7092 mlazo@hursttx.gov hursttx.gov Hutto Gerald Marink Senior Building Inspector 512-759-3479 planning@hutto.gov huttotx.gov I

H Haltom City Justin French Dir of Planning and Community Development 817-222-7753 jfrench@haltomcity.tx.com haltomcitytx.com Harlingen Joel Olivo Planning & Zoning Manager 956-216-5260 jolivo@myharlingen.us myharlingen.us

Irving Darrell Hammond Code Enforcement Manager 972-721-3628 dhammond@cityofirving.org ci.irving.tx.us J Joshua Nader Jeri Building Official/ City Secretary 817-558-7447 buildingofficial@cityofjoshuatx.us cityofjoshuatx.us

K Katy Ray Frankum Commercial Plan Reviewer 281-391-4830 rfrankum@cityofkaty.com cityofkaty.com Kaufman Marcy Ratcliff Director Development Services 972-932-2216 kaufmanplanning@kaufmantx.org kaufmantx.org Keller Jeremy Booker Building Inspections & Permits 817-743-4115 developmentservices@cityofkeller.com cityofkeller.com Kemah Bob Cummins Mayor 281-334-1611 mayorcummins@kemah-tx.com kemah-tx.com Kilgore Carol Windham Planning Director 903-988-4138 contact@cityofkilgore.com cityofkilgore.com Killeen Dr. Ray Shanaa Executive Director Planning and Development Services 254-501-7630 rshanaa@killeentexas.gov killeentexas.gov continued on page 24

22 REDNews.com

*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.

THE PLAZA AT WALDEN

c

Walden Rd

WALDEN PLAZA

Conroe

Texas Building Resource Guide Kyle Mario Perez Building Official 512-262-3918 mperez@cityofkyle.com cityofkyle.com L Lago Vista David Harrell Development Services 512-267-5259 dharrell@lago-vista.org lagovistatexas.org Lake Dallas Char Dupree Community Development Director 940-497-2226 cdupree@lakedallas.com lakedallas.com Lancaster Steve Gilbert Building Official 972-218-1209 sgilbert@lancaster-tx.com lancaster-tx.com La Porte Maria Pena Inspection Coordinator 281-470-5072 penam@laportetx.gov ci.la-portetx.us

Kyle thru McGregor

Leander Tom Yantis Director of Development Services 512-528-2732 tyantis@leandertx.gov Leandertx.gov

Longview Ingrid Self Assistant Director of Dev. Services 903-237-1074 Iself@longviewtexas.gov longviewtexas.gov

Site Development Permit Cost: $501-$900 Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days Building Permit Cost: $501-$900 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes

Lubbock Steven Neal Building Official 806-775-2080 soneal@mylubbock.us ci.lubbock.tx.us

Levelland John Agnew Chief Building Official 806-894-0113 jagnew@ci.levelland.tx.us ci.levelland.tx.us Lewisville Gillian Goldthorpe Secretary Planning and Development 972-219-33455 ggoldthorpe@cityoflewisville.com cityoflewisville.com

Laredo Ramon E. Chavez,P.E. Interim Director 956-794-1625 rchavez@ci.laredo.tx.us ci.laredo.tx.us

Liberty Cassandra Gill Building inspector/Code Enforcement Official 936-334-7114 cgill@cityofliberty.org cityofliberty.org

League City Oscar Arevalo Building Official 281-554-1415 Oscar.Arevalo@leaguecity.com leaguecity.com

Lindale Sherry Foster Community Development Director 903-882-6861 sherryf@lindaletx.gov lindaletx.gov

Lufkin Dorothy A. Wilson AICP Planning Director 936-633-0411 dwilson@cityoflufkin.com ci.lufkin.tx.us M Mansfield Richard Wright Director, Development Services Department 817-276-4220 richard.wright@mansfield-tx.gov mansfield-tx.gov Marshall John Clark Engineering Aide 903-935-4407 jclark@marshalltexas.net marshalltexas.net McAllen Julia Rankin Director of Planning 956-681-1250 jrankin@mcallen.net mcallen.net McGregor Mike Olson Building Official, Code Enforcement, Planning & Zoning 254-840-2806 molson@mcgregor-texas.com Mcgregor-texas.com continued on page 26

24 REDNews.com

*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.

FOR LEASE

OFFICE/RETAIL SPACE 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

Kenneth K.Y. Leung 281.467.3535 713.988.0888 x108

A A Realty Co

eleung8888@aol.com

www.aarealtytx.com A A Realty Co

Accredited Management Organization

Accredited Management Organization

1

2

Beltway 8 West

For more information

3 Westheimer Rd

y

a Westpark Tollw

Texas Building Resource Guide McKinney Rick Herzberger Chief Building Official 972-547-7476 rherzber@mckinneytexas.org mckinneytexas.org

Mexia Larry Brown City Manager 254-562-4110 larryb@cityofmexia.com cityofmexia.com

Mercedes Michelle Leftwich Assistant City Manager / Planning Director 956-565-3114 mleftwich@ci.mercedes.tx.us cityofmercedes.net Mesquite Keith Smith Building Official 972-329-8724 ksmith@ci.mesquite.tx.us cityofmesquite.com

I ask for your support to get

RE-ELECTED

Midland Jim Compton Planning Division Manager 432-685-7400 jcompton@midlandtexas.gov midlandtexas.gov Mission Daniel Tijerina Planning Director 956-580-8672 dtijerina@missiontexas.us missiontexas.us

“EXPERIENCE, DEDICATION, ENERGY, VISION, HARDWORKING, PROBLEM SOLVING & IDEAS ARE WHAT I WILL CONTINUE TO BRING TO CITY HALL” – Danny Nguyen, CCIM

McKinney thru Pflugerville Missouri City Gary Smith Development Services Director 281-403-8661 gsmith@missouricitytx.gov missouricitytx.gov N Nassau Bay Mary Chambers Community Development Director 281-336-6293 mary.chambers@nassaubay.com nassaubay.com New Braunfels Shannon Mattingly Director of Planning & Community Development 830-221-4050 planning@nbtexas.org nbtexas.org North Richland Hills John Pitstick Director of Planning & Development 817-427-6300 jpitstick@nrht.com ci.north-richland-hills.tx.us P Pantego Joyce P. Stanton Community Development Director 817-617-3722 cjoyce@townofpantego.com townofpantago.com

Danny Nguyen, CCIM

www.DannyNguyen.net

• International Relations & Economic Development Committee Chair • Houston Mayoral’s International Trade Development Council - Member & former Chair - Asia & Australia • Commercial Real Estate 20 years -a proud active Broker, Investor, & Owner • Vietnamese American Chamber of Commerce - Co-Founder & Board Chair

“I appreciate the Commercial Real Estate community

for playing a very important role in building, developing, and creating properity for our City. I have witnessed (and was proud to be a part ) many thousands acres with nothing on it turned into buildings, shopping centers, subdivision, commnity.”

I AM PRO-BUSINESS, PRO-GROWTH & RESPECT PROPERTY RIGHTS Jeff Wiley – CEO/President of Greater FB Economic Development Council: “Thank you Danny for you continued leadership in assisting Missouri City and Fort Bend County in economic development efforts. You have been a tremendous help with our international recruiting and outreach efforts .. to those seeking to invest or open businesses in our area.“ Paid for by the Danny Nguyen Campaign. Frank Hestor, Treasurer.

26 REDNews.com

Pearland Johnna Matthews Interim City Planner 281-652-1740 JMatthews@ci.pearland.tx.us cityofpearland.com Pflugerville Emily Barron Planning Director 512-990-6300 emilyb@pflugervilletx.gov pflugervilletx.gov continued on page 28

*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.

An Urban Infill, Mixed Use, Transit Oriented Development, Located Midway Between Houston’s Two Largest Activity Centers

Project Data     

Project Attributes

3500 & 3600 Block of Main St, Houston TX 77002 29,413 SF of New Retail 10,000 SF of Existing Retail (100% Occupied) 363 Unit Apartment Complex 773 Space Parking Garage (serving Mid-Main, the MATCH, and surrounding land uses)

Retail Availability Available Space: Availability Date: Rental Terms:

500 - 29,000 SF Summer 2015 Call Broker

     

Located on Main Street at the Ensemble / HCC Rail Station.

2,141 daily weekday rail boardings at this stop Located between the two largest economic activity centers in Houston, the CBD (daily workforce - 140,000) and the Texas Medical Center (daily workforce - 92,500) Next door to the soon-to-be built MATCH (The Midtown Arts and Theater Center Houston) - See video at www.matchouston.org Strong daytime (19,271 in 1-mile radius) and nighttime (22,109 in 1-mile radius) populations Directly adjacent to “The Best Block in Houston” (Houston Press 2009, 2011, 2012) An

Development

For Retail Leasing Information Contact:

Greg Lewis, CRE 713-533-4400 glewis@lewispropertycompany.com Adam Williams, CCIM 713-533-4400 adam@lewispropertycompany.com CALL FOR THIS AND OTHER INNER LOOP PROJECTS FOR SALE OR LEASE

This property is subject to prior sale or lease, change in price, or removal from the market without prior notice. All information containe herein was supplie from sources eeme reliable, but is not in any way warrante by the Lan lor /Owner or Lewis Property Company.

Texas Building Resource Guide Plainview Todd Kennemer Manager 806-296-1120 tkennemer@plainviewtx.org plainviewtx.org Plano Christina Day Director of Planning 972-941-7151 chrisd@plano.gov plano.gov Port Arthur Ron Burton Director of Development Services 409-983-8135 rburton@portarthur.net portarthur.net R Red Oak Lee McCleary Economic Development Director 972-617-6831 lmccleary@redoaktx.org redoaktx.org Richland Hills Scott Mitchell Director of Planning & Community Development 817-616-3771 smitchell@richlandhills.com richlandhills.com Richmond Lori Bownds Permit Specialist 281-232-6871 loribownds@richmondfd.com ci.richmond.tx.us Rockwall Robert LaCroix Director of Planning 972-771-7745 rlacroix@rockwall.com rockwall.com Round Rock Mark Remmert Chief Building Official 512-218-5550 markr@roundrocktexas.gov roundrocktexas.gov

Plainview thru Shenandoah

Rosenberg Travis Tanner Planning Director 832-595-3500 travist@ci.rosenberg.tx.us ci.rosenbert.tx.us

San Benito Rodrigo Davila Planning Director 956-361-3800 ex-413 davilar@cityofsanbenito.com cityofsanbenito.com

Rowlett Erin Jones Planning Director 972-412-6114 ejones@rowlett.com ci.rowlett.tx.us

San Marcos Matthew Lewis Development Services Director 512-393-8230 mlewis@sanmarcostx.gov ci.san-marcos.tx.us

Royse City Deanna Maxey Development Services 972-524-4832 deanna.maxey@roysecity.com roysecity.com Sachse Michael Spencer Building Official/Interim Com Dev Dir 469-429-4784 mspencer@cityofsachse.com cityofsachse.com Saginaw Kevin McMillin Building Official 817-230-0453 kmcmillin@ci.saginaw.tx.us ci.saginaw.tx.us San Antonio Roderick J. Sanchez Director Development Services Department 210-207-7905 roderick.sanchez@sanantonio.gov sanantonio.gov Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes

Schertz Michelle Sanchez Director Development Services 210-619-1750 msanchez@schertz.com schertz.com Seabrook Sean Landis Director Planning/Community Development 281-291-5707 slandis@ci.seabrook.tx.us seabrooktx.gov Seagoville Cindy Kintz Planning Technician 972-287-2050 ckintz@seagoville.us seagoville.us Seguin Bill Couch Director of Planning 830-401-2306 bcouch@seguintexas.gov seguintexas.gov Shenandoah Terry Golden Building Inspector 281-298-5522 tgolden@shenandoahtx.us shenandoahtx.us continued on page 30

28 REDNews.com

*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.

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 48 Acres Development Tract For Sale

24818 Gosling Rd., Spring • Development tract with ideal uses of : Retail, Office, Medical, Residential, Senior Living • Located at the major intersection of West Rayford Rd. & Gosling Rd.

4.9880 Acres For Sale

6753 FM 2920, Spring

10527 SH 242, Conroe (at Needham Rd.)

29305 FM 2978, Tomball

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

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

• 8.1mi. to SH 249, Tomball & 5.5 mi. to I-45.

• Growing Woodlands Submarket, approximately 2 miles east of Interstate 45.

• Utilities available through MUD 32

5.79 Acres - For Sale The Woodlands Submarket

Industrial Warehouse - For Sale The Woodlands Submarket

• Proposed use: Industrial & Manufacturing

26639 Hufsmith, Conroe-Magnolia

• Great opportunity for future development

• Improved property on 5.726 Acres.

• New apartments built 2013, south of site.

• Improvements include: 7,500 sf; 9,200 sf warehouse, 3,200 sf shop space, 1,900 sf office building, older residential home.

• Application for utility service available through Aqua Texas.

4.996 Acres - For Sale Harris County

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

• 1,240 Feet of Frontage on Gosling Rd. per survey

SWC Woodlane @ FM 2978, Magnolia

4.67 Acres - For Sale The Woodlands Submarket

• .48 of a mile north of Woodlands Pkwy.

• Potential Uses: Auto, Fast Food, Service Station, Office.

Bridgeland – Lakeland Village Center Multi-Use Development Lease & Pad Sites Available

Fry Rd., Cypress • 11,600 ac master-planned community by Howard Hughes Corp.

• 70,000+ SQFT Retail / Office Space for Lease, Pad Sites Available for Ground Lease/BTS

• 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.

Freestanding Brick Building For Sale

9125 Jones Rd., Houston • 3,498 SF building, situated on .46-acre lot.

• Great location with 102’ of frontage on the West line of Jones Road.

• Located approximately .8 miles North of HWY 290.

• Potential divide

Technology Plaza at Research Forest, Space For Lease

College Park Plaza For Lease

Woodwinds Shopping Center For Sale or Lease - Suites A&B

4223 Research Forest Drive, The Woodlands, TX

3091 College Park Dr., The Woodlands

• 2,000-4,000 SF available • Property is located at a signalized intersection on the southwest corner of Research Forest Drive and Technology Forest Blvd., less than 2 miles west of Interstate 45.

• Various spaces available including 2nd generation restaurant space • Site is adjacent to St. Luke’s Hospital and The Woodlands College Park High School • Super Walmart, Lowe’s, Garden Ridge, Burlington and Kohl’s are in the immediate trade area

285 Sawdust, The Woodlands • Located in the Exxon/Woodlands growth corridor.

• Potential Uses: retail, medical/professional, restaurant, and many others.

• Convenient access to I-45 & Hardy Toll Rd.

Powell Center For Lease

6315 FM 1488, Magnolia • Up to 3,100 SF available • Great visibility & easily accessible from FM 1488.

• Extensive commercial & residential growth makes this intersection one of the fastest growing areas in South Montgomery County.

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

281.367.2220 jbeardcompany.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.

Texas Building Resource Guide

Snyder thru Wichita Falls

Snyder Vick Chambers Zoning Administrator 325-573-4959 vchambers@ci.snyder.tx.us ci.snyder.tx.us

Temple Brian Chandler Director of Planning 254-298-5668 bchandler@templetx.gov ci.temple.tx.us

Southlake Ken Baker Senior Director of Planning & Development Services 817-748-8621 kbaker@ci.southlake.tx.us cityofsouthlake.com

Terrell David Denney Chief Building Official 972-551-6606 ddenney@cityofterrell.org cityofterrell.org

Stafford Chris Riggs Building Director & Zoning Administrator 281-261-3946 criggs@cityofstafford.com cityofstafford.com

Texarkana Shirley Jaster Executive Director of Community and Public Works 903-798-3949 Jaster@txkusa.org ci.texarkana.tx.us

Sulphur Springs Eric Hill Assistant Fire Marshall 903-885-7541 ehill@sulphurspringstx.org Sulphurspringstx.org

The Colony Mike Joyce Planning Director, Development Services 972-624-3162 mjoyce@thecolonytx.gov ci.the-colony.tx.us

Sugar Land Doug Schomburg Director of Planning and Code Services 281-275-2218 dschomburg@sugarlandtx.gov sugarlandtx.gov

The Woodlands Bruce Tough Chairman, Board of Directors 281-210-3800 BTough@thewoodlandstownship-tx.gov thewoodlandstownship-tx.gov

Sweetwater Kirk Harris Director, Code Enforcement Office 325-236-6313 code@cityofsweetwatertx.com cityofsweetwatertx.com

Tomball David Allen, CBO Building Official 281-290-1406 dallen@tomballtx.gov ci.tomball.tx.us

T

V

Taylor John Elsden AICP City Planner 512-352-5990 john.elsden@taylortx.gov ci.taylor.tx.us

30 REDNews.com

Van Alstyne Jennifer Gould City Clerk 903-482-5426 Khamner@cityofvanalstyne.us cityofvanalstyne.us

W Waco Randy Childers Chief Building Official 254-750-5970 planning@ci.waco.tx.us waco-texas.com Waxahachie Clyde Melick Director of Planning 469-309-4290 cmelick@waxahachie.com waxahachie.com Weatherford Randy Law, CBO Building Official 817-598-4484 rlaw@weatherfordtx.gov ci.weatherford.tx.us Webster Erich Pen Chief Building Official 281-316-4131 epen@cityofwebster.com cityofwebster.com Weslaco Leonardo Olivares Planning & Code Enforcement Department/City Manager 956-447-3401 lolivares@weslacotx.gov weslacotx.gov Wharton Gwen Laney Code Enforcement/Floodplain Management 979-532-2491 glaney@cityofwharton.com cityofwharton.com Wichita Falls Karen Montgomery-Gagne Planning Administrator 940-761-7451 Karen.montgomery@wichitafallstx.gov www.wichitafallstx.gov Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days Development Incentives Yes

*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.

For Sale

Greenberg & Company Commercial Real Estate Brokerage Firm

Retail Space Available

Richmond @ Hwy 6

8,260 SF - Larkwood Plaza

DAC REALTY GROUP, INC. COMMERCIAL REAL ESTATE SERVICES

TX 77074 FOR SALEHouston, 8,260 SF - Larkwood Plaza

7085 Southwest Freeway

7085 Southwest Freeway - Houston, TX 77074

Located on the Northeast Corner of Southwest Freeway and Larkwood Drive

Westheimer @ Gessner Westheimer @ Dairy Ashford Property is located adjacent to Succeed in Life Center and in front of Kiva Kitchen and Bath Statistics 140 feet of great visibility and frontage along the Southwest Freeway • Located on the Northeast Corner of Southwest 7085 Southwest Freeway Location: All Concrete Parking: 32Freeway spacesand Larkwood Drive Houston, TX 77074

2808 Highway 6

NET-NET-NET Anchored by Home Depot Dunkin’ Donuts Coming

9703 Westheimer

12602 Westheimer

Retail/Bank/Medical/Drive Thru

Ample Parking

Suite 1A - 1,200 SF Suite 3 - 1,700 SF

4,433 SF Single Tenant Use Only

Space Available

Available Early 2015

PRIME HARD CORNER

Space Available

NET-NET-NET

PRIME HARD CORNER ATASCOCITA Space Available Suite C - 1,093 SF Suite D - 1,535 SF Suite E - 4,657 SF

TotalSF: SF: Total

Approx.

8,260 square feet GLA Approx.

8,260 square feet GLA Land Size: .6349 Ac. (27,656 sq. ft.) .6349 Ac. (27,656 sq. ft.)

Land Size: Occupancy: 100% Tenants: Title Max, Fred Loya Insurance, Mattress One 100% Occupancy: Price: $2,113,120.00 at 7.5% Cap Rate Traffic Counts: US 59Title N: Bellaire to Hillcroft = 237,000 Max, Fred Loya Insurance, Mattress One Tenants:

US 59 S: Hillcroft to Bellaire = 237,000 at 7.5%toCap RateDr. =12,800

US 59$2,113,120.00 feeder road: Bellaire Bintiff Price:

US 59 feeder rd: Bellaire to Larkwood Dr =12,800 US 59 N: Bellaire to Hillcroft = 237,000 Key Map Page: 530H US 59 S: Hillcroft to Bellaire = 237,000 2013 Taxes: $26,869.11 Traffic Counts*:

US 59 feeder road: Bellaire to Bintiff Dr. =12,800

8201 W. Sam Houston Pkwy

US 59 feeder rd: Bellaire to Larkwood Dr =12,800

Under Construction

Key Map Page:

530H

Center and in front of Kiva Kitchen and Bath.

• 140 feet of great visibility and frontage along

the Southwest Freeway • All Concrete Parking: 32 spaces

c For Information Contact: Don A. Czarneski don@dacrealty.com

For Information Contact:

Don A. Czarneski

50 % Pre-Leased Space Available: 3,005 SF & 1,195 SF Major Intersection/Hard Corner

• Property is located adjacent to Succeed in Life

$26,869.11 2013 Taxes:don@dacrealty.com

Natali Czarneski natali@dacrealty.com

DAC Realty Group, Inc.

Natali 7026 OldCzarneski Katy Rd., Suite 303

natali@dacrealty.com

Houston, TX 77024 Phone: 713-973-2100 Fax: 713-973-2166 www.dacrealty.com

DAC REALTY GROUP, INC.

*2011 Average Daily Traffic Counts

Contact Broker: David Greenberg - David@greenbergcompany.com Phone: 713-778-0900 Fax: 713-782-7445 5959 Richmond Ave., Houston TX 77057

This information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction to suitability of the property for your needs. This property is subject to prior sale, change in price, or removal from the market without notice. All information shown in this proposal, while based upon information supplied by the owner and other sources deemed to be reliable, is not in any way warranted by DAC Realty Group, Inc.

COMMERCIAL REAL ESTATE SERVICES

7026 Old Katy Rd., Suite 303 | Houston, TX 77024 Phone: 713-973-2100 | Fax: 713-973-2166 | www.dacrealty.com

LEVCOR, INC. PHARR TOWN CENTER OPEN SUMMER 2015 LEASING INFORMATION

Dan Smith

713.268-3716 dsmith@levcor.com

Pharr

www.levcor.com REDNews.com 31

Retail Development eCommerce & Rightsizing Who is the new anchor for the modern retail strip?

by Chris King REDNews As the new Digital Engagement Director for REDNews I’ve decided to “literally” be engaging and ask a bunch of questions that perhaps might spur you, our wonderful readers, to give us your opinion. Opinions, we all seem to have them. Questions are a good start for me as I am a veteran in the digital marketing world but am just getting my feet wet in CRE. One trending topic that keeps popping up in my inbox regards rightsizing.

Experts have been telling us recently, due to competition with e-commerce and new developments in logistics, retail businesses must change the storefront’s footprint to compete. They must “rightsize” and do things like embrace e-commerce in the store.

executive offices would create an unruly, unprofitable flea market of sorts, when developed in a standard retail footprint.

Because, who is coming to the table on this? We’ve seen fast food have great results with putting a Pizza Hut, Taco Bell, Long John Silvers, etc.. all in one building. Will the big boys play ball and stick a rightsized Penny’s, Macy’s and Gap all under one smaller roof? Would they sit beside a mom and pop pizza shop or hair dresser? Or would the “complexity of the mini-leases and the possibly constant re-marketing of the unoccupied spaces” be worth it to the building owner.

What does it mean to rightsize? The concept of rightsizing is catchy but like every other catchy phrase it can only be understood by its application and intent. A simple Google search brings back:

right•size ‘rīt sīz/

1. convert (something) to an appropriate or optimum size.

2. “organizations are beginning to rightsize computer systems to suit themselves” So, what is an appropriate or optimum size? Does rightsizing refer to a standard looking strip mall filled with a Mini-Target, Mini-Kroger, StarBucks and a BestBuy the size of a Radio Shack? How small is the right size? As with any true answer to any dumb question it is all relative.

I’m reminded of the Bruce Kirsch article, “Why The Regus Executive Suites Business Model Will Never Work For Retail” wherein Mr. Kirch argues that a multi-tenant variant of pop-up retailing using the same concepts being implemented in shared

32 REDNews.com

From my own experience, I rarely find a single retail center catering to more than one of my needs. I most often drive miles between strip malls to go to one type of store and then another farther down the road. I am often uncomfortable with some of the shops I wind up parking near. If my Taekwondo teacher is housed next to a check cashing place or my barber is between a package store and a head shop, I start to consider different options. But alas, that choice isn’t often available.

So what is my interpretation of rightsized?

Definition:

verb gerund or present participle: rightsizing

cer moms who were frequenting the little boutique tennis shop? Does the long term success of a dollar store, that fills forty percent of a property, trump the empty space or perhaps less than desirable tenanting in the remaining sixty percent? Can a dollar store share a corner with a dentist’s office or with a rightsized Nordstrom?

The upstart of commercial retail success, in the last decade, has been the dollar store. Stick a dollar store on cheap property and they thrive, hopefully. You can still sell development of a dollar store.

They may not epitomize the rightsizing effect but they may be a big source for the kernel of the idea.

Dollar stores are popular because they give people quick access to basic necessities closer to their home. They aren’t the consumer’s first choice, and they seem to be having more lasting success in deep suburbia and rural areas than in urban ones.

Is the current state of our strip center occupancy reflecting the consumer’s first choice? An argument can be made for a drug store being able to anchor a strip and encourage higher-end retail to thrive, say a coffee shop, specialty sports store or hair salon. But what happens when the biggest store on the block is a no-credit wireless phone dealer? What if the traffic to that wireless phone center makes the strip less appealing to the soc-

I imagine a rightsized clothing store in a small retail space not much bigger than a Subway with a sample of each line in limited sizes. Large flat screens would be available that use virtual technology to let you see yourself wearing the clothing with the ability to change colors or other optional features.

Press a button, run your card and come back in a day or two to pick it up. The sales associate could become more of a personal style assistant with the full line always available to them for suggestion.

When your purchase arrives you can try it on right there in the store and return it if it doesn’t suit or the size is wrong. Inventories can remain low. Delivery could be free for in-store pickup and having the customer return to the store increases their satisfaction with the products and the opportunity for the vendor’s accessory sales. And of course the neighbor shop would be an Einstein’s and maybe one of those Mini-Bestbuys.

So what would be a perfect store for, say the millennials? Perhaps a half size Whole Foods, a full size coffee shop/juice bar with outside seating and room for a small band, a mini Target and a Sushi place all tied together with asphalt and covered sidewalk?

What do you think? Share your opinion and continue this discussion with us at www.rednews.com/rightsize.

15.62 Acres Ready FoR Retail, oFFice Medical oR industRial developMent FM 1 1960

NORTH FOREST

.

Rd hl da en yk Ku

FM 1 1960

EAGLES AGLES LANDING NORTH FOREST

I-45

GLEN ABBEY Y

.

Rd hl da en yk Ku

Tract 1 Tract 2 EAGLES EAG AG GLES LANDING

EAGLES AGLES LANDING

BLUE ASH lvd.

B a Ell A RT XPLAZA P LAZA AT AIRTEX-E AIRTEX-ELLA

Tract 1 Tract 2

I-45

GLEN ABBEY Y

QUAIL CHASE CHAS EAGLES EAG AG GLES LANDING d.

WOODS WOOD S OF KUYKENDAHL Blv Ella

WOODFALL WOODFALLS WOOD DFALLS COURT CO OURT

BLUE ASH

A RT XPLAZA P LAZA AT AIRTEX-E AIRTEX-ELLA QUAIL CHASE CHAS

WOODS WOOD S OF KUYKENDAHL WOODFALL WOODFALLS WOOD DFALLS COURT CO OURT

VAND RB LT VANDERBILT VAND RB LT VANDERBILT

PARK AT KIRKSTALL RKSTALL KSTALL PARK AT KIRKSTALL RKSTALL KSTALL

Tract 1

• 1,136 FF on Kuykendahl Road | 5.69 Acres

Tract 2

• 529 FF on Kuykendahl Road | 9.92 Acres • Great visibility on heavily traveled Kuykendahl Road • Located in dense residential area just west of I-45 • +/- 400’ Northwest of Ella Boulevard, Houston, Texas • Zoning: None • Utilities: HC MUD #399 • Key Map: 372B Asking Price: A: $5.50 PSF; B: $5.50 PSF

Rachel S. Grant

7887 San Felipe Suite Rachel S. 122, Grant Houston, TX 77063

7887 San Felipe Suite 122,

Phone: 713-789-3133 Houston, TX 77063 Cell: 281-686-2993 Phone: 713-789-3133 RachelGrant@RSHart.com

Cell: 281-686-2993 RachelGrant@RSHart.com

HOUSTON

COMMERCIAL BUZZ

RAY HANKAMER Hankamer & Assoc, Broker, Houston Contributing Writer

Mr. Developer and Mr. Banker: Take Off Your Rose Colored Glasses Stop drinking the abundant Kool Aid which is copiously flowing in the commercial real estate (CRE) community.

sions: six months free rent…then a year free rent…and then, yes, two years free rent on a five year lease.

We are at “that” time in the cycle where tardily conceived and built projects may exacerbate the oversupply problem which always results from over-exuberance.

If the office tenant would agree to pay market rates starting in twenty-four months, then it could have free occupancy now for two years. All over suburban Houston small tenants who were on shaky financial footing themselves began breaking their existing leases in perfectly good, slightly older buildings, and, sometimes sneakily over the weekend or in the middle of the night, vacating their current building for the shiny new ones.

The best time to start a project was just after the recovery began, not well into the recovery like we are now.

Luncheon speaker after speaker in all the CRE segments repeats the same joyous news these days: “We have never seen it like this!” “It has never been better”. “There is no sign of overbuilding”.

Uh, wait a minute.

What is the conclusion a rational mind must draw?

Development will only stop when money runs out.

When will money run out? When buildings stop filling up at the rental and occupancy rates which developers promised their partners and lenders.

Let’s go back in history to the early 1980s when a euphoria similar to what we are seeing today reigned. By the mid-‘80s, the drivers of that boom were slacking off, and at the same time lots of late product was just entering the pipeline. When that product finally hit the market, oversupply was locked in for years to come.

Big, new, shiny class A office towers opened and there were no tenants to occupy them. None.

Owners panicked and started offering conces-

34 REDNews.com

From the early ‘80s to the mid and late ‘80s hotel occupancy in Houston dropped from the 70% range to the 40% range and stayed there for five years, and it is safe to say that most hotels went back to the lenders in one way or another, as did banks, bank holding companies, and many other forms of CRE. It was CRE Armageddon, not CRE euphoria!

That is the scenario, folks. It happened once before when Houston’s developers drank too much of their own Kool Aid. So-do we have a “canary in the mine shaft” during this current boom which portends problems ahead? Our boom is based on oil & gas discovery.

How are things going in the Permian Basin market, and the smaller Eagle Ford play, from the standpoint of hotel stays, which are usually a good “canary” for business activity?

Developers are telling themselves that although land is priced (too) high, they better buy it anyway since “tomorrow it will only be more expensive”.

Money is the mother’s milk of CRE development.

If developers can get money, they will develop.

Money in the form of debt (first mortgage and mezzanine) and equity are readily available and interest is cheap by historic standards.

back” to the lenders.

When the old landlord discovered the move-out and threatened legal action, the tenant dared him to sue: “Go ahead. We are almost broke and we had to do this to survive.” It was a tale repeated over and over until the new building filled up with no immediate rental income and the older buildings fell into high vacancies, non-profitability, and foreclosure.

The same scenario played out in retail and hotels, where first the innkeepers offered free drinks at check-in to retain a dwindling number of guests.

Then it was free breakfast (which remains to this day in many hotels). Then many hotels offered free breakfast, drinks AND a dinner coupon at check-in: anything to retain the guest without caving in on rental rates. Then rental rates finally caved, and perfectly good almost new hotels started “going

Revenues in the small towns in the Eagle Ford such as Cotulla, Carizzo Springs, and Cuero remain trending sharply up. Freer is sharply down. But in the huge Permian Basin, total market hotel revenues in Midland and Odessa have stopped trending up and are flat, 2012 to 2013. Remember: not only is the Permian Basin home to upstream activity, but it is a huge junction of pipelines carrying petroleum products from the wellhead to the eventual user.

Those commercial real estate projects which are open or under construction now may serve to bring supply and demand into equilibrium.

Those which are just on the drawing boards or in the final stages of pre-development may be the projects which will bust equilibrium down the road, and shove all performing real estate into desperate straits.

Think twice about starting a new project at this stage of the cycle.

4 Commision to Tenant Rep! %

Additional 1% Bonus on Deal Done by June 1, 2014

Rental Rate: $14 SF/Year

31,128 SF Office/Medical Space - 16209 Keith Harrow • 254 spaces of parking on-site; 1.5 acres land.

• Building naming rights allowed.

16,104 SF Retail/Flex/Medical Space - 16205 Keith Harrow • Flexible Space - Could be retail or medical.

• Open space with restrooms & bay doors/loading docks.

(832) 492-9486

Hospitality Consulting Services Hospitality Consulting Services

(713) 789-7060 www.hankamer.com Brokers: Ray Hankamer, Jr., Pablo Szub, Sergio Ortiz, Jamie Irvine

7225 Bellfort Avenue.............................................. SOLD.............. $174,500

Miracle Christian Fellowship

16310 Chimney Rock - 15,000 SF......................... SOLD.............. $855,000

Multi-Purpose Bldg

710 College St. - 7,200 SF........................SALE PENDING.............. $650,000

Religious Facility in South Houston

Beaumont St. @ Illinois - 11,800 SF.........SALE PENDING.............. $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

International Church Realty (713) 541-4005

www.internationalchurchrealty.com

Corner Tract: 6.7 Gross, 5.6 Net Acres

225

Brokers: Ray Hankamer, Jr. rhankamer@hankamer.com Pablo Szub szub@mail.com Sergio Ortiz sortiz@hankamer.com Jamie Irvine jirvine@hankamer.com

(713) 40 Years789-7060 Experience As • www.hankamer.com

Developer | Owner | Operator

3.9 Acres

Located in TIRZ District

PROPERTIES AVAILABLE • Beach Lots - Gilchrist • Hotel, Condo, Retail Site - Cruise Terminal - Galveston • Freeway Sites - I-20 - Monahans • 30 Acres - Commercial/Rail Serviced - Tomball • I -45 Huntsville 12 Acres - Residential/Commercial - Huntsville Contact: Ray Hankamer

BROKERS, L.L.C.

9930 Aldine Westfield - 3,200 SF................................ ........... ..... $275,000

NWC Spencer Highway @ Bay Area Blvd, La Porte

40 Years Experience As Developer, Owner & Operator

HANKAMER & ASSOCIATES

Miracle Life Church International

Commercial Tracts Available

Offering Properties & Hotel Consulting

• Hotels - Statewide Contact: Sergio Ortiz

10225 Woodedge - 20,000 SF........................... .................... ... $1,100,000

HANKAM & ASSOCI Sens Rd

K Morgan Real Estate Services kmorgancloud@icloud.com

.

NW Houston Church

New single family developments underway

146

Offered at $8.35 PSF Net West Tract: 5.9 acres

Spencer Hwy

Ba

946 frontage Spencer Hwy 300/220 feet depth

Offered at $6.50 PSF Net

yA

RESIDENTIAL UNDER CONSTRUCTION

WEST TRACT

554 frontage Spencer Hwyseven lane

384 frontage Bay Area Blvdfour lane

aB

Kevin Morgan

• Electronic signage on Keith Harrow.

15402 Sellers Rd. - 7,000 SF....................................................... $275,000

re

Rental Rate: $13 SF/Year

Multi-Purpose Facility w/housing

lvd

• Two-story building - First floor has a waiting area with reception window, multiple large, open work areas, public restrooms, multiple kitchenettes and a large commercial kitchen.

LAND/CHURCHES FOR SALE

Office/Medical & Retail Space Available Off of Highway 6 - Five minutes from IH-10 and the Energy Corridor

CORNER TRACT

Property Description: Two tracts separated by pipeline easement, both zoned General Commercial, all utilities and detention available, both tracts in TIRZ District-potential development reimbursement.

Not in 100 year flood plain. New home development abutting north.

Traffic Counts: 17,500 VPD Spencer Hwy

Bay Area Blvd continued widening to Frwy 225, 1.7 miles, funded/engineered, scheduled completion 30 months, will be major traffic increase.

BROKERS, L.L.C. Ken Schick, Broker

512-264-9218

Demographics:

Residential 1 Mile 3,795 3 Mile 28,922 5 Mile 65,637

Day Time Avg. HH Income 5,767 $60,990 15,648 $72,306 25,640 $75,755

REDNews.com 35

Welcome to Website & Newsletter

Bridging the Gap Between Traditional Print Advertising and Digital Media

Print | Online | Mobile

• New Responsive Design • Mobile Friendly Listings Get Noticed • The Scoop on Commercial Real Estate in Texas • CRE Calendar of Events/Photos • Share Your Latest Deals • Your Print, Digital & Email Marketing Source

EPA Adopts New ASTM Standard Environmental Risk Alert: Environmental Risk Alert: As of December 30,Environmental 2013, the Environmental Protection Risk Alert:

EPA Adopts New ASTM Standard

EPA Adopts New ASTM Standard Agency (EPA) approved the new Phase I Environmental Site EPA Adopts New ASTM Standard Assessment (ESA) ASTM E 1527-13 standard for All December 30, 2013 , the Environmental Protection AsAs of of December 30, 2013 , 2013 the AsInquiries of December 30, ,Environmental the Environmental Protection Appropriate (AAI) Landowner Liability Protection Protections.

Agency (EPA) approved new Phase IIEnvironmental Site Agency (EPA) approved thethe new Phase I Environmental Site Agency (EPA) approved the new Phase Environmental Site Assessment (ESA) ASTM E 1527-13 standard for All Assessment (ESA) ASTM E 1527-13 standard All Assessment (ESA) ASTM E 1527-13 standard All Phase Engineering’s Phase I reports comply with for thefor EPA’s Appropriate Inquiries (AAI) Landowner Liability Protections.

Appropriate Inquiries Landowner Liability Protections.

Appropriate Inquiries (AAI) Landowner Liability Protections.

ESA(AAI) requirements.

Phase Engineering’s Phase I reports comply with EPA’s Phase Engineering’s Phase I reports comply with thethe EPA’s Phase Engineering’s Phase I reports comply with the EPA’s Full range of nationwide ESA requirements.

ESA requirements.

ESA requirements. professional environmental Licensed & Certified Lender Approved

services including:

Phase I and Phase II ESAs Full range of nationwide Full range of nationwide Full range of nationwide professional environmental Asbestos • Mold• Lead Licensed & Certified professional environmental professional environmental services including: Licensed &Lender Certified Approved Licensed & Certified Stormwater Compliance services including: services Lender Approved Phase I and including: Phase II ESAs Lender Approved Wetlands• PCAs Phase I and Phase II ESAs Phase I and II ESAs Asbestos • Phase Mold• Lead Asbestos • Mold• Lead Stormwater Compliance Asbestos • Mold• Lead Wetlands• PCAs Stormwater Compliance Stormwater Compliance For details on how your due diligence Wetlands• PCAs Wetlands• PCAs can affect your transaction, call us at Melanie Edmundson, P.G., Principal Mobile 713 826 3342 Melanie@PhaseEngineering.com Melanie Edmundson, P.G., Principal Mobile 713

826 3342

Melanie@PhaseEngineering.com Melanie Edmundson, P.G., Principal Melanie Edmundson, P.G., Principal Mobile 713 826 3342 Mobile 713 826 3342 Melanie@PhaseEngineering.com Melanie@PhaseEngineering.com

800 419 8881

For details on howor your due diligence visit can affect youryour transaction, call us at For details on how due diligence

For details on how your due diligence www.PhaseEngineering.com.

800 419transaction, 8881 orcall visitcall cancan affect your transaction, us atus at affect your www.PhaseEngineering.com.

800 419419 8881 or visit Proud Sponsor 800 8881 or visit www.PhaseEngineering.com. www.PhaseEngineering.com.

Proud Sponsor

Proud Sponsor Proud Sponsor Morgan Moliver, Client Services Manager Mobile 817 821 2565 Morgan Moliver, Client Services Manager Morgan@PhaseEngineering.com Mobile 817 821 2565 Morgan@PhaseEngineering.com

Morgan Moliver, Client Services Manager Morgan Moliver, Client Services Manager Mobile 817 821 2565 Mobile 817 821 2565 Morgan@PhaseEngineering.com Morgan@PhaseEngineering.com

EVENTS • NETWORKING • DEALS • ANNOUNCEMENTS

What’s Happening in 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!

Central / South Texas Sunday

Monday

Tuesday

Wednesday

6

7

8

BOMA Austin BOMI Environmental Health and Safety Issues 6:00pm – 9:00pm

CTCAR Property Info Exchange 7:30am – 9:00am CBA Austin Golf Tournament 11:30am – 8:00pm BOMA Austin CREST Toastmasters Meeting 11:30am – 12:30pm

13

14

15

CCIM Central Texas CI 102: Market Analysis 8:30am – 5:30pm CTCAR Property Information Exchange & MCE in Marble Falls 11:00am – 4:00pm CCIM Central Texas Happy Hour 5:00pm – 7:00pm

CCIM Central Texas CI 102: Market Analysis 8:30am – 5:30pm CREW Austin Dine Around 11:30am – 1:00pm Real Estate Council of Austin Art Shop/Auction 5:00pm – 7:00pm

20

21

BOMA Austin, CBA, CCIM Central Texas, CREW Austin, CTCAR, IREM, RECA & ULI Joint Event with CRE Organizations Power Luncheon – Peter Park, nationally renowned Master Urban Planner 11:15am – 1:00pm

11

12 CCIM Central Texas CI 102: Market Analysis 8:30am – 5:30pm

18 ICSC RECon Las Vegas

25

19 ICSC RECon Las Vegas

26

ICSC RECon Las Vegas

27

Friday

CTCAR MCE Course – TREC Legal Update 9:00am – 12:00pm IREP San Antonio Monthly Luncheon 11:00am–1:00pm

28

CCIM Central Texas CI 102: Market Analysis 8:30am – 5:30pm IREM Austin Spring Social 5:00pm – 7:00pm CTCAR Networking Cruise 6:00pm – 9:00pm

22

Saturday 3

2

CORENET & CREW San Antonio Joint Luncheon – Dr. Mark G. Dotzour, Chief Economist and Director of Research 11:30am – 12:55pm

May 2014 5

Thursday 1

Calendar of Events 4

Austin | San Antonio | Rio Grande Valley

CCIM Central Texas Crawfish Boil and Picnic 2:00pm – 6:00pm

9

10

SABOR REALTOR Builder New Homes Bus Tour & Expo 7:30am – 1:30pm CREW Austin 8th Annual CREW Careers 12:00pm – 4:00pm

16

CREW Austin CREW Careers Winners Day 12:00pm – 4:00pm

17

BOMA San Antonio BOMA Open Golf Tournament 8:00am – 5:00pm CCIM Central Texas What’s New in CI 102?

9:00am – 11:00am

SABOR TREC Ethics MCE 1:00pm – 4:00pm

23

24

30

31

BOMA Austin CREST Toastmasters Meeting 11:30am – 12:30pm

29 BOMA San Antonio Luncheon 11:30am – 1:15pm IREM Austin IYP Icebreaker 5:30pm – 7:30pm Real Estate Council of Austin Networking Happy Hour 5:30pm – 7:00pm

Commercial Organization Contacts - Dallas | Fort Worth Austin BOMA................................................................................. www.bomaaustin.org CBA Austin............................................................................www.cbaaustin.com CCIM..................................................................................... www.ccimtexas.com CREW..................................................................................www.crewaustin.com CTCAR................................................................................. www.ctcaronline.com IREM.................................................................................... www.iremaustin.org RECA................................................................................... www.recaonline.com ULI......................................................................................... www.austin.uli.org

40 REDNews.com

San Antonio BOMA San Antonio......................................................www.bomasanantonio.org CCIM .........................................www.chapters.ccim.com/sanantoniosouthtexas CREW..........................................................................www.crew-sanantonio.org IREM.............................................................................www.iremsanantonio.org IREP........................................................................................... www.irepsa.com RECSA.............................................................................www.recsanantonio.com SABOR......................................................................................... www.sabor.com SIOR (South Texas Chapter)............................................................ www.sior.com

For a complete list of monthly events, visit their website

For more information on

CALENDAR OF EVENTS log on to

Email your events to: Jason@REDNews.com Event dates are based on each organization’s typical monthly schedule which is subject to change. Please verify each event with the related organization.

Networking For more networking photos, log on to www.REDNews.com | Send your networking photos to Jason@REDNews.com CREW San Antonio’s 21st Annual Real Estate Forum

Panelists at CREW San Antonio’s 21st Annual Real Estate Forum.

Susie Wallis with Keynote Speaker Spencer Levy and Cheryl Pyle.

CREW Austin March Luncheon

CREW Austin – During their March Luncheon, attendees took part in an activity during the event called, “Speed Networking”.

Attendees at the CREW Austin “Speed Networking” activity.

CREW Austin – During their March Luncheon, attendees took part in an activity during the event called, “Speed Networking”.

Attendees at the CREW Austin “Speed Networking” activity.

Cherie DeVries Short and Marshall Davidson, Jr.

Teresa Corbin and Kim Ghez.

CTCAR March Luncheon

IREM San Antonio

Eric Layne, CCIM (left) presents Michael Buls with 2013 Past President Plaque at the Central Texas Commercial Association of REALTORS (CTCAR) March Luncheon

IREM San Antonio President James Stewert and Charlie Malmberg, who received his CPM pin and certification for March 2014.

IREM San Antonio “Anything on a Stick” Event

Kristie Harrison, Mike Harrison, Yolanda Mike Halverson and Valerie Kelly.

Flores and Joanna Arreguin.

Connie Phillips and Andra Adame.

Alma Picon, Aileen Velasquez, Robyn Fields and Lyndsay Walbran.

REDNews.com 41

Comparison & Lease vs Own”

North Texas

9 hours of MCE - Course #09-00-035-25248 - Provider #0287

Instructor Cliff Bogart, CCIM

Dallas | For t Wor th

Visit www.ctcaronline.com for pricing & registration info

C TC A R

2014 Sponsorship Packages now available!

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

Sunday

w w w.c tc aron l in e.com

commercial real estate women

SPONSORSHIP OPPORTUNITIES START AT $750.

Monday

Tuesday

Visit the CREW-Dallas.org website for more information or call the CREW office at 214.890.6490

Wednesday 1

Calendar of Events 5

6

Southwest CoreNet Global Southwest Golf Experience 1:30pm – 8:00pm

11

12

13

Greater Ft. Worth RE Council 3rd Annual Golf Tournament honoring Scott Walker 11:30am – 4:00pm

18 ICSC RECon Las Vegas

25

7 BOMA Ft. Worth Monthly Luncheon 11:30am – 1:00pm

19

NTCAR Young Professional Up Close and Personal with Marc Meyers 5:30pm – 7:30pm

20

ICSC RECon Las Vegas

26

ICSC RECon Las Vegas

27

NTCAR Young Professional Event 8:00am-12:30pm

The Real Estate Council of Dallas Runoff Election All Day

8

15

BOMA Ft. Worth - Real Estate Investment & Finance Course 5:30pm – 8:30pm

21 CREW Dallas Monthly Luncheon 11:30am – 1:00pm IREM Ft. Worth Ranger Game Day 1:05pm – 4:00pm BOMA Ft. Worth - Real Estate Investment & Finance Course 5:30pm – 8:30pm

28

3

NTCAR Southern Sector Industrial Virtual Tour 7:30am – 9:30am

9

10

16

17

ULI North Texas YLG Networking Reception 5:30pm – 7:30pm

BOMA Dallas TOBY Mock Tour & Panel Discussion 10:00am – 1:00pm

22

23

NTCAR MCE: Broker Responsibility + Legal & Ethics 2-Day Course 8:30am – 6:30pm

NTCAR MCE: Broker Responsibility + Legal & Ethics 2-Day Course 8:30am – 3:30pm

29

30

Society of Commercial REALTORS Ft. Worth Monthly Breakfast 7:30am – 9:00am BOMA Ft. Worth - Real Estate Investment & Finance Course 5:30pm – 8:30pm

Commercial Organization Contacts - Dallas | Fort Worth BOMA Dallas....................www.bomadallas.org

IREM Dallas .....................www.irem-dallas.org

TREC................................... www.recouncil.com

BOMA Fort Worth...... www.bomafortworth.org

NAIOP.....................www.northtexasnaiop.com

ULI...............................www.northtexas.uli.org

CCIM..................................... www.NTCCIM.com

NTCAR........................................ www.ntcar.org

CREW Dallas.....................www.crew-dallas.org

SCR........................................... www.scr-fw.org

CREW Fort Worth....................www.fwcrew.org

SIOR............................................www.sior.com

GFWREC.................................www.gfwrec.com

SW Corenet ........www.southwest.corenetglobal.net

42 REDNews.com

Saturday

ULI North Texas Signature Event 7:30am – 11:00am

IREM Dallas Monthly Luncheon 11:30am – 1:00pm CREW Ft. Worth Monthly Luncheon 11:30am – 1:00pm BOMA Ft. Worth - Real Estate Investment & Finance Course 5:30pm – 8:30pm

14

Friday 2

ULI North Texas ULI National Professional Development Seminar 7:30am – 5:00pm

May 2014 4

Thursday

For a complete list of monthly events, visit their website

24

31

CREW Ft. Worth Golf Classic 11:30am–7:00pm

For more information on

CALENDAR OF EVENTS log on to

Email your events to: Jason@REDNews.com Event dates are based on each organization’s typical monthly schedule which is subject to change. Please verify each event with the related organization.

Networking For more networking photos, log on to www.REDNews.com | Send your networking photos to Jason@REDNews.com North Texas CCIM’s March Luncheon

Speaker Michael Dardick, President and CEO of Granite Properties, at North Texas CCIM’s March Luncheon

North Texas CCIM President Brad Crumpecker, Ralph Bullard, who was honored as a long time sponsor of North Texas CCIM and North Texas CCIM Director Debi Carter.

CREW Dallas March Luncheon

The March luncheon featuring Terry Montessi, founder and CEO of Forth Worth-based Trademark Property Company, was sponsored by Republic Title of Texas. Attendees included MaryBeth Shapiro, Early Davis, CREW President Michelle Hudson, Bo Feagin and Vicki Summerall.

The chairs of the 2014 CREW Dallas Golf Classic attended the March meeting and sold raffle tickets and helicopter ball tickets to members and guests.

Shown (left to right) are Cathy Kuebler, co-chair, Kari Walker, Chair and Liz Allen-Knight, CREW board of directors.

Society of Commercial REALTORS March 26th Breakfast Meeting

Dan Wright, 2014 SCR Chairman Bill Amber Wimberly, Gene Jolley, Allison Norma Crow, Steve Fithian and Robin Makens, Fort Worth Mayor Betsy Price Thompson and Becky Eaton, CoStar. Francis-Baker. and Sherry Matina with the Greater Fort Worth Association.

Mac Miles, Guy McCollum and Lee Nicol.

REDNews.com 43

To find a CPM® in your area, visit www.irem-dallas.org

Southeast Texas Networking

Educat ion

Technology

CCIM Course Scholarships

Sunday

Calendar of Events

Networking Happy Hour Event 5:00pm – 7:30pm

Contact Ginger Coleman at 713.783.0297 or ginger@amchouston.com /www.ccimhouston.org

6

IREM Houston MPSA Four Day Course 8:30am – 5:00pm Houston BOMA RPA/FMA Course 8:00am – 5:00pm ERJCC Golf Tournament 11:00am–5:00pm

12

13

CREAMTX Monthly Luncheon – Robert D. Tanner, Port of Houston Authority 11:00am – 1:00pm

18 ICSC RECon Las Vegas

25

19

ACRP Cocktails/Networking Event 5:30pm – 7:30pm

20

ICSC RECon Las Vegas

26

IREM Houston MPSA Four Day Course 8:30am – 5:00pm Houston BOMA RPA/FMA Course 8:00am – 5:00pm CREW Houston Monthly Luncheon 11:00am – 1:00pm

7

8

IREM Houston MPSA Four Day Course 8:30am – 5:00pm Houston BOMA RPA/FMA Course 8:00am – 5:00pm Houston CORENET Educational Program 11:30am – 1:00pm

14

9

GHWCC Conference for Women 7:30am – 4:30pm IREM Houston Monthly Luncheon 11:30am – 1:00pm O’Connor & Assoc.

Monthly Luncheon 11:30am – 1:00pm

21

10

www.iremaustin.org • 512-301-3311 AMA Houston IREM Houston

Hispanic and Asian Millennials 8:00am – 10:00am IREM Houston MPSA Four Day Course 8:30am – 5:00pm Houston BOMA RPA/FMA Course 8:00am – 5:00pm CCIM Houston Monthly Luncheon 11:30am – 1:00pm

15

CPM Certification Exam 8:00am – 12:00pm

16

HRBC Monthly Breakfast 7:00am – 8:30am BACREN Monthly Luncheon 10:30am – 1:00pm

22

ICSC RECon Las Vegas FBSCR Monthly Meeting 8:00am – 9:00am Retail Solutions ICSC RECON Cocktail Party at LINQ in Las Vegas 6:00pm – 9:00pm

27

CREN Gulf Coast Monthly Luncheon – Ted Nelson, th Newland Communities 11:00am – 1:00pm

September 10 , 2013, 8:00am – 5:00pm For more information and registration visit iremaustin.org

May 2014 5

Thursday

1 ETH800 -Ethics for the Real Estate Manager IREM Houston

Available to current Houston/Gulf Coast CCIM Chapter Members

11

Friday Saturday IREM AUSTIN PRESENTS 3 2

Monday CI 101, CI Tuesday Wednesday 102, CI 103, CI 104 or CCR & Exam

4

Houston and

CREN Gulf Coast Monthly Breakfast 7:30am – 9:00am CREW Houston CREW Careers Day 8:00am – 3:00pm

23

24

28

29

30

31

GHP Luncheon 11:30am – 1:30pm CREN Gulf Coast Happy Hour 5:30pm – 8:00pm

Commercial Organization Contacts - Houston and Vicinity | Galveston

44 REDNews.com

17

ULI Houston Monthly Luncheon 11:30am – 1:00pm Houston BOMA EXPO 2:00pm – 7:00pm CCIM/Appraisal Institute Crawfish Boil 5:00pm – 8:00pm

NAIOP Dinner with the Icons 5:30pm–9:30pm

AMA.....................................www.amahouston.net ACRP...................................................www.acrp.org BACREN........................................www.bacren.com BOMA.................................www.houstonboma.org CCIM ....................................www.ccimhouston.org CoreNet................www.houston.corenetglobal.org CREAM........................................www.creamtx.com CRE.......................................................www.cre.org

A CPM® has: z Demonstrated exp z Pledged commitm Vicinity |standards Galveston z Proven expertise in

CREN..................................www.crengulfcoast.com CREW................................... www.crewhouston.org FBSCR...............................................www.fbscr.com Greater Houston’s CC...................... www.ghwcc.org Greater Houston Partnership......www.houston.org HOLBA............................................. www.holba.org HRBC..................................www.houstonrealty.org IREM.....................................www.iremhouston.org

NAIOP.................................www.naiophouston.org O’Connor & Associates.............www.poconnor.com HREC................ www.houstonrealestatecouncil.org SIOR......................................www.siorhouston.com ULI..........................................www.houston.uli.org For a complete list of monthly events, visit their website

For more information on

CALENDAR OF EVENTS log on to

Email your events to: Jason@REDNews.com Event dates are based on each organization’s typical monthly schedule which is subject to change. Please verify each event with the related organization.

Networking For more networking photos, log on to www.REDNews.com | Send your networking photos to Jason@REDNews.com IREM Houston Luncheon

IREM Houston Educational Class

C.R.E.A.M. TX April Luncheon

IREM Houston Leaders past and pres- IREM Young Professionals networking ent Jeff Burck, CPM, Janie Snider, CPM at IREM Houston’s April Luncheon. and Victor Vacek, CPM enjoying the April Luncheon.

March 101 Elevators Classroom: Kris Haller with Fujitec leads IREM Houston’s educational class.

Vince Calicchia, Karyn Jackson Stephens, C.R.E.A.M. TX President and Commissioner James Noack, Montgomery County Precinct 3, Keynote Speaker at the C.R.E.A.M TX April Luncheon.

CREW Houtson April Luncheon

Guest speaker Ric Campo at the CREW Houston April Luncheon - Impact of Super Bowl 2017 on Houston.

UIL Houston Suburban Marketplace Conference

Elaine Howard, Yi Xue, Laurie Baker at Laurie Baker, Ric Campo, Sallie Sargent the CREW Houston April Luncheon (Super Bowl Host Committee) at the Impact of Super Bowl 2017 on Houston. CREW Houston April Luncheon - Impact of Super Bowl 2017 on Houston.

CCIM Houtson April Luncheon

Melanie Edmundson and Waylon Themer at the CCIM April Luncheon.

Patsy Fretwell, Art Troescher and Donnie Chang at the CCIM April Luncheon.

Annette Nichols, Esau Liu and Rebecca Kingma at the CCIM April Luncheon.

Keynote speaker John Burns discusses national trends in the U.S. housing industry at the April 1, 2014 Urban Land Institute Houston Suburban Marketplace Conference.

Lynne Humphries (far right) moderates the April 1, 2014 Urban Land Institute Houston Suburban Marketplace Conference panel “Suburban Strategies of Users and Investors” with (l to r) Tony Avila, Michelle Riley Brown, John Frere, and Scott McClelland.

REDNews.com 45

ANNOUNCEMENTS & DEALS DONE

CENTRAL/SOUTH TEXAS

(AUSTIN/SAN ANTONIO AREAS)

ANNOUNCEMENTS

Austin (DEVELOPMENT) – Aspen Heights will break ground on a high-rise multifamily project at the northeast corner of West 8th and Nueces Streets this summer. The 196-unit complex will be named Aspen Heights and is expected to be finished by the first quarter of 2016. Rhode Partners is the architect, and J.E. Dunn Construction Group Inc. is the general contractor.

Prominent Austin real estate attorney Steve Drenner and his team formed Drenner Group PC, a new real estate-focused boutique law firm. The firm will specialize in land use, entitlement issues and incentive requests.

Steve Drenner

David Glasscock has joined CBRE’s Dallas office and will continue to focus on urban investment properties. Glasscock will represent private equity on office, retail, multi-housing projects and land development.

San Antonio (SALE) – A buyer purchased Northwood Apartments, a 110-unit property at 8315 N. Vandiver. The apartment complex was marketed by San Antonio Commercial Advisors, an independently owned member of the Cushman & Wakefield Alliance.

OFFICE

Matt Pohl has joined HFF’s Austin office as the director focusing on multi-housing investment sales tranascations in central David Glasscock Texas. Pohl has more than seven years of commercial real estate experience, including extensive experience brokering B and C assets in central Texas.

Blake Sheppard has joined CBRE as the Associate Director of San Antonio’s property and facilities management opMatt Pohl erations. Sheppard will lead a staff responsible for 3.4 million square feet of Class A office, retail and industrial properties.

Austin (SALE) – Westmount Realty Capital purchased a 13 building portfolio within Braker Center, totaling 546,984 SF at 11100 & 11212 Metric Boulevard & 2205 Braker Lane. Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni of CBRE represented the sellers, Granite Properties and Endeavor Real Estate Group.

Austin (SALE) – DivcoWest purchased The Avallon, a 318,000 SF five-building office property located at 10415 & 10431 Morado Circle and 10814 Jollyville Road. Eastdil Secured represented the buyer, and Aquila Commercial LLC will handle the leasing.

Austin (SALE) – Clarion Partners purchased Las Cimas IV, a 138,000 SF fivestory Class A office property located at 901 South Capital of Texas Highway.

HFF represented both the buyer and the seller, KBS Capital Advisors.

Round Rock (DEVELOPMENT) – Mark IV Capital plans to break ground on The Summit II at La Frontera, an 82,000 SF building this summer. The new office space would be the first Class A office space in Round Rock. Robert Shore of Don Quick and Associates represented Mark IV Capital in the preleasing of Summit II.

Blake Sheppard

INDUSTRIAL Austin (LEASE) – Illumitex leased 25,609 SF in Expo 6, a single-story industrial building within Expo Business Park located at 6301 E. Stassney Ln. Will Nichols and Sam Owen of Stream Realty Partners represented the landlord, Clarion Partners.

El Paso (LEASE) – Iron Mountain Information Management Llc leased 21,500 SF at 11500 Rojas Drive. JLL represented the tenant, and Bill Caparis, SIOR of CBRE El Paso represented the landlord, BRE/ELPS Industrial Lp.

LAND San Antonio (SALE) – Guardian Leasing, Inc. purchased 114.965 acres in San Antonio. Steves Rosser of DH Realty Partners, Inc. represented the seller, CDDR Properties, Inc. .

MULTI-FAMILY Austin (SALE) – Avesta Communities purchased Anderson Springs Apartments, a 325-unit multifamily property at 1901 E. Anderson Ln. The apartment complex will be rebranded as Avesta Agave Falls.

46 REDNews.com

Log on to REDNews.com for daily updates

Austin (LEASE) – Cross Texas Transmission, LLC leased 15,927 SF at 1122 South Capital of Texas Highway. Will Douglas, CCIM, SIOR and Ace Schlameus of CBRE Austin represented the tenant, and Will Stewart and Luke Wheeler of Transwestern represented the landlord, Aslan IV Austin, LLC.

RETAIL/RESTAURANT San Antonio (SALE) – Inland American purchased Westover Marketplace Shopping Center, a 242,664 SF retail center located at the intersection of Loop 410 and Highway 151. The Class A power center is 93.4% occupied and tenants include Target, Lowe’s and Toys R Us/Babies R Us. Chris Cozby and Chris Gerard of CBRE Dallas and Kevin Holland of CBRE Houston represented the seller, Coventry Real Estate Advisors, and Graham Ketchum, Gene Williams and John Wright of CBRE San Antonio represented the seller in leasing Westover Marketplace.

Pflugerville (LEASE) – IHOP leased 52,889 SF in Stone Hill Town Center at SH 130 and SH 45. Lauren Brunner and Greg Stanislawski of Retail Strategy Real Estate Group represented the tenant, and Rebecca Le and Josh Friedlander of NewQuest Properties represented itself.

Uvalde (SALE) – A New York-based developer purchased a 41,000 SF multitenant property off East Main Street. Todd Moore and Jim Gibson of Stan Johnson Company’s Houston office represented the buyer and the seller, a private investor.

NORTH TEXAS

ANNOUNCEMENTS & DEALS DONE (DALLAS/FT. WORTH AREAS)

Log on to REDNews.com for daily updates

ANNOUNCEMENTS Cameron Colvill has joined Colvill Office Properties as a leasing representative in their Dallas office. Colvill will work with the marketing and leasing team responsible for Chase Tower, a 1.3 million SF, 55-story trophy tower owned and managed by Hines REIT.

Cameron Colvill

Michael Doherty has joined Lincoln Harris CSG as Vice President in their Dallas office. With more than 14 years of experience, Doherty will provide transaction services and strategic marketing for owned and leased properties.

Eric Padilla and Alex Coe have joined the Cresa Dallas office. Eric Padilla, who boasts 25 years of industry experience, Michael Doherty will be senior vice president of project management.

Alex Coe will join Cresa as a senior advisor and will be Eric Padilla Alex Coe tasked with strategic lease negotiations, acquisitions and dispositions on behalf of corporate clients.

David Tuttle has joined Keller Williams Commercial as director of the Office Group. In his new position, Tuttle will focus on office investment sales transactions in the David Tuttle North Texas market.

INDUSTRIAL DFW Airport (DEVELOPMENT) – Jackson-Shaw has begun the initial phase of Parc Royal, a new business park near the Dallas/Fort Worth International Airport that will total 70 acres and more than 1 million SF in space. Currently, JacksonShaw is constructing a 30-acre, 511,500 SF building at Royal Lane in Irving and is expected to be completed at the end of the year. Jackson-Shaw is partnering with GID Investment Advisor LLC for the project. Texas Capital Bank is financing the project, and Mycon General Contractor Inc. is the general contractor. Blake Kendrick of Stream Realty Partners will oversee the leasing.

Dallas (SALE) – Panther Investments LLC purchased a five-building portfolio in the Valwood and East Brookhollow submarkets. The portfolio has 303,420 SF of space with local, regional and national tenants.

LAND DFW Airport (SALE/DEVELOPMENT) – NRP Group purchased a 10-acre tract of land near Dallas/Fort Worth International Airport for a new 300-unit apartment complex. Construction on the apartment complex is expected to being by the summer of this year.

MULTI-FAMILY Fort Worth – (SALE) – A local partnership purchased Candle Chase Apartments, a 116-unit apartment complex at 4805 Altamesa Boulevard. Al Silva of Marcus & Millichap’s Fort Worth office represented the buyer and the seller, Timber Chase Apartments, LLC.

OFFICE (DEVELOPMENT/LEASE) – Crescent Real Estate Holdings, LLC will break ground on McKinney & Olive, a new 530,000 SF complex that will sit on a 3.1 acre site at 2021 McKinney Ave. The 20-story building will be the tallest building in Uptown Dallas and is expected to be completed in 2016. Clarke Pelli Architechts designed the building that will seek LEED Gold certification. Crescent has already signed prestigious law firm Gardere Wynne Sewell LLP to a 15-year lease, as they plan to occupy 109,000 SF. Grand Prairie (DEVELOPMENT) – Crow Holdings Industrial, an affiliate of Dallas-based Crow Holdings, began construction of Wildlife Commerce Park, a 220-acre business park that will total 2.8 million SF of industrial space in nine buildings. Construction has begun on a 315,000 SF warehouse, the project’s initial phase, near Interstate 30 and Belt Line Road and is expected to be completed in July. O’Brien Architects, Halff Associates, Pritchard Associates, RPMx Construction, TBG Partners and Alston Construction are all working on the Grand Prairie development.

Richardson (SALE) – Stream Realty represented an affiliate of Wells Fargo Bank in the purchased of a 3-story building totaling 180,000 SF at 3300 Renner Road. Jamie Jennings, Keith Fisher and James Mantzurains of Stream Realty facilitated the transaction.

Euless (SALE) – Hangover Opportunity Fund LLC purchased a 70,111 SF office/warehouse space at 1101 Pamela Drive. Theron Bryant of Coldwell Banker Commercial Alliance DFW represented the buyer, and Allen Gump of Colliers International represented the seller.

RETAIL/RESTAURANT

Arlington (LEASE) – Williams-Sonoma Inc leased a 821,502 SF property at 4900 Sherry St. Tom Pearson and Chris Teesdale of Colliers International represented the tenant, and Dave Anderson of CBRE represented the landlord, Exeter Property Group.

Little Elm (SALE) – Dunhill Partners purchased Little Elm Towne Crossing (LETC), a 170,000 SF shopping center located at the northwest corner of Eldorado Parkway and FM 423. Major tenants include Hobby Lobby, 24 Hour Fitness, Hibbets Psorts and Baskin-Robbins. Robert Grunnah and Darrel Hurmis of Henry S. Miller represented the sellers.

Grand Prairie (DEVELOPMENT) – Stream Realty broke ground on RiverPoint Commerce Center, a 603,000 SF industrial development within the Great Southwest Industrial Park. The two-building project is scheduled to be completed early in the fourth quarter of this year. J.P. Morgan Asset Management partnered with Stream Venture and Cannon Green and Matt Dornak of Stream Realty will oversee the leasing of the project.

Carrollton (SALE/DEVELOPMENT) – New Quest Properties purchased and plans to re-develop Carrollton Town Center, a 154,000 SF retail center at the southeast corner of President George Bush Turnpike and Old Denton Road. The shopping center will soon be anchored by a 50,000 SF 99 Ranch Market. Eric Deuillet of Structure Commercial brokered the deal between NewQuest and the seller, Trinity/Denton II Ltd.

REDNews.com 47

ANNOUNCEMENTS & DEALS DONE

SOUTHEAST TEXAS

(HOUSTON AREA)

ANNOUNCEMENTS

MULTI-FAMILY

Marc Vecchio has joined Boxer Property as a director of operations. Vecchio will oversee and manage daily operations and property management in the greater Houston area.

Marc Vecchio

Sandy Fishlock

Cresa Partners, the largest tenant representation firm in North America, announced the addition of three new employees. Jay Nowlin has joined Cresa as Principal to help open an office in The Woodlands. Sandy Fishlock, JD, CCIM has joined Cresa as a Senior Vice President in the Houston office. Grant Mehlhoff has joined Cresa as a Marketing Associate and will focus on brokerage supJay Nowlin port.

Houston-based Transwestern was recognized by the Environmental Protection Agency (EPA) and awarded the 2014 ENERGY STAR Partner of the Year – Sustained Excellence Award for its continued leadership in sustainability practices and reducing overall energy consumption at its managed properties. This is the 11th consecutive year that a commercial real estate firm has been recognized for this award.

INDUSTRIAL Houston (DEVELOPMENT) – Data Foundry Inc. broke ground on a 350,000 SF data center that will model the flagship 250,000 SF Texas 1 data center in Austin. Houston 2 Center is being developed in phases, and the first phase will be a 120,000 SF building that is expected to be completed in the first quarter of 2015.

Houston (SALE) – Industrial Property Trust, Inc. purchased Century Distribution Center, a 149,000 SF distribution facility located at 10511 Kipp Way. PrimeSource Building Products Inc., a distributor of building materials in North America, leased the entire building.

Stafford (SALE) – A 30,000 SF industrial property at 12910 and 12914 Mula Lane was purchased.

Gus Lagos and Nik Kapetanakis of Marcus & Millichap’s Houston office exclusively marketed the property on behalf of the seller, a limited liability company.

LAND Baytown (SALE) – East Houston Properties, LLC purchased a 4.14 acre site for a medical facility at the 2200 Block of Rollingbrook Dr. Claire Sinclair Gavrel of Claire Sinclair Properties, LLC represented the seller, Massoud Bastankhah.

48 REDNews.com

Log on to REDNews.com for daily updates

Houston (SALE) – An affiliate of Harbor Group International, LLC purchased Westchase Creek, a 456-unit apartment complex at 3000 Woodland park Drive.

Located in Houston’s Westchase District, the property was renovated in 20122013. HFF’s debt placement team led by Cortney Cole and Will Crawley represented the buyer, and HFF Investment sales team led by Craig LaFollette, Todd Stewart, Todd Marix, Tre Banks and Chris Curry represented the seller, Allen Harrison Company.

Houston (DEVELOPMENT) – Austin-based developer, Oden Hughes broke ground on Parkside Place, a 384-unit apartment complex at FM 290 and Kuykendahl Road. The complex, which is set to open in 2015, is four miles away from the Exxon Mobil Campus.

Pearland (SALE) – Inland Real Estate Acquitistions, Inc. purchased Shadow Creek Ranch, a 370-unit apartment complex at 2500 Business Center Drive. The Class a complex sits adjacent to Shadow Creek Ranch, a master-planned community. Ryan Epstein of CBRE represented the seller, McCann Realty Partners.

Houston (SALE) – Cornerstone Investment Properties purchased Chancellor Apartment complex, a three-story, 167,630 SF apartment complex at 311 Parramatta Ln. The 224-unit complex is located in Houston’s Kingwood-Harris submarket. Gregory Austin and Chip Nash of Hendricks-Berkadia represented the seller.

OFFICE Houston (SALE) – SG Cypress Real Estate Ventures purchased Centre at Cypress Creek, a complex in the former HP Compaq Computer Campus. The office and industrial complex totals 465,716 SF – two 220,622 SF buildings at 20465 and 20475 SH 249 and a 245,094-flex industrial/office property at 11777 Compaq Center Dr. Coventry Investment Group Inc. and Coventry Realty Advisors consulted SG, and HFF marketed the proeperty of behalf of the seller, Principal Real Estate Investors.

Houston (SALE/DEVELOPMENT) – Amegy Bank bought a 4-acre site at 1716 W. Loop South to be used as its new 350,000 SF Houston corporate headquarters, with construction set to being in the fall of 2016. Currently, Micro Center occupies the site, until it opens their new location near the 610 Loop and US 59 later this year. Hines is the development/project manager, Pickard Chilto, Kendall Heaton and Gensler are the architects and Cushman & Wakefield served as Amegy’s commercial real estate broker.

Houston (SALE) – PM Realty Group purchased the Chase Bank Building, a 136,698 SF boutique office property at 2900 Weslayan St. in Houston. Located in the Greenway Plaza/Galleria submarket, the property was renovated in 1999 and tenants include JP Morgan Chase and Octia Corp. Dan Miller and Trent Agnew of HFF coordinated the disposition on behalf of the seller, LNR Property Corp.

Houston (DEVELOPMENT) – Piedmont Office Realty Trust broke ground on Enclave Place, a Class A office development that will be located in Houston’s Energy Corridor. The building will sit on a 4.7 acre site and is expected to be completed by June 2015. Colvill Office Properties will be assigned the leasing, Gensler is the architecture, PM Realty Group will handle project management and Tellepsen Builders will handle the construction.

RETAIL/RESTAURANT Houston (SALE) – Myoung Cho purchased a 13,000 SF former Walgreens on 58,140 SF of land at 13606 Kuykendahl. Mark Davis of Davis Commercial Real Estate represented the seller, S-T Properties.

CLASSIFIEDS

INDEX

Includes Commercial Properties, Announcements, Events, News & More.

“During our move, Move Resource Group was able to set us up in our new office with zero downtime for our company, which saved us from losing revenue that would have resulted from fewer working days.

Move Resource Group is worth every penny!”

- Jenette W., Cinco Energy Services

Call 713-661-6300 or visit www.Rednews.com/subscibe-new to Sign Up

281-205-7956 Moverg.com

23,722 S.F. CORNER - PRICE REDUCED! N es W

th

e

im

er

Cas

SITE

• $350,000 $250,000 ($9.70 PSF) • Below Market • Seller Financing • 157’ Westheimer Rd x 150’ Caseta Dr

Rd West Oaks Mall

• Restricted against gas, C-store, cigarette, liquor, beer, wine, auto and truck sales

Richmond Ave e ta D r

Hwy 6

Sign Up For Our Weekly Newsletter!

• All Utilities

TAO Interests, Inc. - Broker Tim Opatrny (713) 621-9841 www.taointerests.com tim@taointerests.com

ADVERTISER

INDEX

ACRP ............................................................40

Greenberg & Co. . . ..........................................31

BACREN . . ......................................................40

Hankamer & Associates .................................35

Boxer Retail .................................................3, 5

Hartman Income REIT ......................................2

Caldwell Companies .. .....................................17 CCIM Central Texas ......................................44 CCIM Gulf Goast . . ...........................................40 CCIM North Texas . . ........................................42 Center Real Estate Group .............................. 21

International Church Realty ............................35 IREM ..............................................................40 Ken Schick .. ...................................................35 KMorgan Real Estate Services .......................35

CHC Investments, LLC . . .................................23

LandPark Commercial ......................................7

City of Converse ............................................18

Levcor, Inc. ....................................................31

City of La Porte . . ................. 1-SE Texas, 10, 11

Lewis Property Company .. ..............................27

Copperas Cove EDC ...................................... 16

MIMCO Inc. .......... 1- Central/South/North Texas

C.R.E.A.M. .. ....................................................40

Move Resource Group ....................................49

CREN ............................................................40 CREW Dallas ..................................................42 CREW San Antonio ........................................44 CTCAR ......................................................... 42 DAC Realty Group, Inc. ..................................31

Phase Engineering, Inc. .................................38 R. S. Hart Commercial ...................................33 Red Oak Commercial ......................................19 TAO Interests, Inc. .........................................49

Danny Nguyen................................................ 26

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

Fox Properties.................................................15

The J. Beard Real Estate Company, L.P... .........29

GHWCC. . .........................................................51

The Richland Companies ...............................52 REDNews.com 49

LAST

PAGE

Your Website is Like Your Car

by Jason Marshall REDNews If you own a business, then your website is like your car. What you drive and how you take care of it says a lot about you. And, if you don’t have a car – well, that can ruin prospects for you. The same can be said for business owners who do not have a website, or for owners whose current site is more dysfunctional than their in-laws at Thanksgiving. This article will outline why it is important for a company to have their own website. Here are some tips to make sure you are fully reaching your intended audience.

Having a solid, aesthetically pleasing website will help with your company’s brand and credibility.

Cost – It’s less expensive than you might think.

Some people may assume that the costs to have, run and maintain a website are too high, and there is not enough value to justify those costs.

However, that is not the case.

Increased Credibility – One way to help your business grow is for it to be recognized by potential clients and business partners. One way to help with that is by having branded emails. A branded email is where the employees of that company’s email domain are their company name. For example, if Joe Smith’s commercial real estate firm is called Primetime Real Estate, his email address could be jsmith@primetimere. com.

A study by Verisign, the registry for .com and .net and network infrastructure operator for a variety of other domains, found that 91% of companies believe that having a branded email makes a

50 REDNews.com

company more credible – however, only 54% of companies actually use a branded email.

Increased Visibility – Many firms who do not have an online or social media presence acquire a lot of their business from referrals. Having a website will increase your customer base.

Potential clients want to be able to do their own research without having to pick up the phone or leave the house, especially when comparing your business to your competitors. Company bios that give a background of what you’ve accomplished as well as client testimonials are great examples to put on your website.

A potential client may feel better able to relate to you or may feel more comfortable about doing business with you once they are able to see glowing reviews about your service. Posting fresh content that is relevant to your company and industry can also help. It shows potential clients your authority in the industry and serves as a positive reinforcement for using your service.

All Day, Everyday –Your website is available 24 hours a day, 7 seven days a week, 365 days a year – something you cannot personally do. Your website is there when contacting you directly is not an option.

Below are simple tips to ensure you have a good website: Appearance and Functionality – Your website needs to work and look professionally created.

If there is no clear branding (no company logo, 12 different colors, etc…) and if your website moves at a snail’s pace, it may turn off potential clients. Remember, your website says a lot about your business – to a potential client, your website’s appearance is a direct reflection of your company’s services, so make sure it looks good and works.

The Who/What/Where/Why/How – Your website must deliver a clear message of who you are, what services you can provide, where you are established, why someone should use you and how they can get in touch. Make sure each

of these questions is quickly and thoroughly answered in a clean and professional way.

Mobile Friendly – Your website has to be mobile friendly. It should be as easy to navigate and read on a phone or tablet as it is on a desktop computer. There are a growing number of people using mobile devices to browse the Internet.

Not only are they using their mobile devices to browse the internet, the study also concluded that 34 percent are only using their mobile device to browse the internet – a trend we can expect to continue. On a computer, you may have a solid website, but if your company’s website is slow, unresponsive and difficult to read on any mobile or tablet device, you will be missing out on potential clients.

Having a solid, aesthetically pleasing website will help with your company’s brand and credibility.

It acts as a base telling clients who you are and what services you can provide, as well as a means to connect with you on social media. All of that is much more affordable than you may think.

Sources: “Small Business: Extracting More From An Online Presence.”.Forbes. Roger Kay. Web. 30 Sept.

2013.

“More Americans Using Phones As Primary Source of Internet.” NY Daily News. AFP RELAXNEWS. Web. 17 Sept. 2013.

Sixth Annual “NoLimits” Limits” Conference for Women Sixth AnnualGreater Greater Houston Houston “No Conference for Women Wednesday, May 2014Limits” tofor 4:30 pm Sixth Annual GreaterMay Houston “No Conference Women Wednesday, 14,14,2014 - -7:307:30 amam to 4:30 pm Royal Hotel West South RoyalSonesta Sonesta Hotel - -2222 Wednesday, May 14, 2014 - 2222 7:30West am toLoop 4:30 Loop pmSouth Royal Sonesta Hotel - 2222 West Loop South

Conference Speakers Conference Speakers

Conferenceand Speakers Jennifer Ashton, Ashton, Host of of “The Doctors.’”

“Good Morning America” health expert Dr. Dr. Jennifer Ashton, Morning America” health expert Dr. Jennifer Host Host“The of “TheDoctors.’”

Doctors.’” andand “Good“Good Morning America” health expert Barbara Glanz, Barbara Glanz Communications, Inc. BarbaraAuthor/Speaker/Consultant, Glanz, Author/Speaker/Consultant, Barbara Glanz Communications, Inc. Barbara Glanz,Christy Author/Speaker/Consultant, Barbara Glanz Communications, Inc. Christy Haubegger, Founder & “Latina Magazine” Haubegger, Founder & Editor Editor “Latina Magazine” Dr. Mae Jemison, Former NASA Astronaut, Jemison Group Christy Haubegger, Founder & President,The Editor “Latina Magazine” Dr. Mae Jemison, Former NASA Astronaut, President,The Jemison Group Laurie A. Tucker, Co-Founder/Chief Strategy Officer, Calade Partners LLC, Dr.Laurie MaeA.Jemison, Former NASA Astronaut, President,The Jemison Tucker, Co-Founder/Chief Strategy Officer, Calade Partners LLC, Group Former Senior Vice President, Corporate Marketing, FedEx Services Senior Vice President, Marketing, FedEx Services Gindi EckelCo-Founder/Chief Vincent, Counsel at Corporate ExxonMobil, Author of Learning to Lead, LaurieFormer A. Tucker, Strategy Officer, Calade Partners LLC, President at of Women’s Energy Author Network of Learning to Lead, Gindi Eckel Vincent, Counsel ExxonMobil, Former Senior Vice President, Corporate Marketing, FedEx Services President of Women’s Energy Network Breakthrough Women Gindi Eckel Vincent, Counsel at ExxonMobil, Author of Learning to Lead,

Rhonda Arnold, Director of Community Relations, Houston Airport System President of Women’s Energy Network Beverly Babcock, ViceBreakthrough President, Corporate Financial Services, ExxonMobil Women Kim Bates, Vice President - Asia Pacific/Middle East, ExxonMobil Exploration Company Rhonda Arnold, Director of Community Relations, Houston Emma Cochrane, Vice President - Asia Pacific/Africa, ExxonMobil Gas & Power Airport MarketingSystem Company Beverly Babcock, President, FinancialEnbridge, Services, Janet Vice Coy, Vice President, Corporate Natural Gas Marketing, Inc. ExxonMobil Elizabeth Killinger, President, Reliant, an NRG Co. Arnold, Director Community Relations, Houston Airport System KimRhonda Bates, Vice President - AsiaofPacific/Middle East, ExxonMobil Exploration Company Maria Rios, President & CEO, Nation Waste Emma Cochrane, President -Smith, Asia Pacific/Africa, ExxonMobil Gas &Services, Power Marketing Company BeverlyVice Babcock, Vice President, Corporate Financial ExxonMobil Alicia President & CEO, Innovative Legal Solutions Janet Coy, President, Natural Development Gas East, Marketing, Enbridge, Inc. Title ServicesCompany Mary Ann Wilkins, SeniorVice Vice- President & Commercial Officer, Stewart National Kim Dr. Bates, Vice President Asia Pacific/Middle ExxonMobil Exploration Carlecia Wright, Office of President, Business Opportunities, CityNRG of Houston Elizabeth Killinger, Reliant, an Co. Emma Cochrane, Vice President - Asia Pacific/Africa, ExxonMobil Pamela Wright, Owner, Wright Pawn & Jewelry Co. Gas & Power Marketing Company

Breakthrough Women

Maria Rios, President & CEO, Nation Waste JanetAlicia Coy,Smith, Vice President President, Gas Marketing, Enbridge, Inc. & Natural CEO,Panelists Innovative Legal Solutions Conference Elizabeth Killinger, President, Reliant, an NRG Co. National Title Services Dana Ardi, Corporate Anthropology Advisors, Author Dr. Mary Ann Wilkins, Senior Vice President & Commercial Development Officer, Stewart John Beddow, Publisher, Houston Business Journal Waste Maria Rios, President & CEO, Nation CarleciaCindy Wright, Office of Business Opportunities, City of Houston Bigner, Senior Director - Global Diversity & Inclusion, Halliburton Wright Pawn Jewelry AliciaPamela Smith, President &Affairs, CEO,Sempra Innovative Solutions MonicaWright, Haas, VP,Owner, External US& Gas & Legal PowerCo. Crystal Maggelet, CEO & President, FJ Management Inc. Dr. Mary Ann Wilkins, Senior Vice President & Commercial Development Officer, Stewart National Title Services John Conference Sharp, Chancellor, Texas A&M System Panelists Carlecia Wright, Lisa Office Business Opportunities, City of Houston Simon,of President, MFT Interests GP, LLC Dana Ardi, Corporate Anthropology Advisors, Pamela Wright, Owner, Wright Pawn & Author Jewelry Co. John Beddow, Publisher, Houston Business Journal

Visit Director www.ghwcc.org to register Cindy Bigner, Senior - Global Diversity & Inclusion, Halliburton Panelists Monica Haas, VP, Conference External Affairs, Sempra US Gas & Power Dana Maggelet, Ardi, Corporate Anthropology Advisors, Author Crystal CEO & President, FJ Management Inc. Sharp, Publisher, Chancellor, Texas A&MBusiness System Journal JohnJohn Beddow, Houston Simon, President, MFT Interests Cindy Bigner,Lisa Senior Director - Global DiversityGP, & LLC Inclusion, Halliburton Monica Haas, VP, External Affairs, Sempra US Gas & Power Crystal Maggelet, CEO & President, Management Inc. Visit www.ghwcc.org toFJregister John Sharp, Chancellor, Texas A&M System Lisa Simon, President, MFT Interests GP, LLC

Visit www.ghwcc.org to register

POSTMASTER: PLEASE EXPEDITE TIME SENSITIVE MATERIAL 5909 West Loop South, Suite 135, Bellaire, Tx 77401

PRSRT STD U.S. POSTAGE PAID Permit No. 2436 DALLAS, TX