Getting Busy In The Woodlands

As if it needed any more validation after getting voted as the 2011 2nd best-selling mater planned community in the United States, The Woodlands keeps getting good news on the commercial side as well.  Anadarko recently announced plans to add a second office tower next to its headquarters on Woodlands Parkway.  The new tower will hold 550,000 square feet of class A office space and will rise 21 floors above the 10 story parking garage it will sit on.  We can certainly assume that the new tower will be constructed using state-of-the-art energy efficiency practices LEED certified.  Based on the rendering, it looks like it will be gorgeous.

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Gym, liquor store secure Austin retail space for lease

Since the height of the recent economic recession, malls and shopping centers around the country have felt increasing pressure stemming from shuttering stores {never heard that term but Lisa claims it's legit} and climbing vacancy rates. However, with jobs figures and economic indicators heading in the right direction, more shopping centers are noticing increasing demand for retail space for lease, particularly in burgeoning metropolitan areas such as Austin.

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The Search For Commercial Space Is Coming Online

Well now it's official.  You've known it was coming for years, but you weren't sure who exactly would be looking and through what vehicles the search would be carried out in.  Commercial Real Estate is a funny business.  For an industry so lucrative with billions of dollars switching hands every year, it seems to be very slow to adapt to change and technology.  Most experts (real estate professionals who understand digital marketing and the technology behind online advertising) say that the residential side of real estate adopts changes in technology faster than the commercial side, and is about 3-8 years ahead of commercial when it comes to adopting technology and using it to increase productivity and source prospects.  

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Office Space Of The Week - RedHouse Associates

This week we're featuring a really unique space in the Houston Montrose area, where RedHouse Associates makes it home.  Literally a red house, this Houston city landmark has been completely renovated on the inside and serves as the base to Houston's premier startup Incubator - which provides strategic advice and services to assist young companies in developing business plans, devising product strategies, growing sales organizations, and preparing senior management teams for raising capital and strategic exits.

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Lending for commercial real estate increases in Q4 2011

For the first time since 2010, U.S. banks committed more in lending to commercial real estate projects than they did in the previous quarter, according to a national report. With improved access to financing, more businesses may have the financial backing needed to consider securing office space for rent in top metros such as Dallas, Houston or New York City.

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NAR: Job growth leading to fewer vacancies

Real estate experts have long tied the industry's fortunes to the strength of the nation's job market, and now many say the right type of growth is occurring to positively effect several corners of the market - including commercial real estate.

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Office Space Of The Week - SupportChoice, Inc.

This week we are featuring the offices of a young Houston startup company, SupportChoice, Inc.  Located on North Post Oak Rd. near Uptown Park, SupportChoice Founder and CEO Taylor Pipkin and his staff provide on-demand computer support via remote desktop control technology.  Offering a host of services, SupportChoice is a great resource for those in need of technical support with the click of a button.

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Co-Working Has Experienced Explosive Growth - But Can There Be Downsides?

After reading a recent article on the dark side of co-working, we thought we would chime in. It comes as no surprise that co-working is starting to see some backlash among small businesses and contractors. As a relatively new solution to traditional office space in the U.S., co-working has taken off like a wildfire. If you are on either the west coast or east coast and involved in commercial real estate or you are looking for real estate – you certainly have seen all the cool, open, innovative co-working solutions. It is starting to pick up everywhere else, but it seems the coasts have taken the lead.

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5 Mistakes Businesses Make When Leasing Space

When visiting with small business owners about how their company’s office space plays a role in the business growth and culture, there’s typically a common theme that rears it’s ugly head: too many mistakes are made in the leasing process.  Owners and decision makers often make several key mistakes that can end up costing companies significantly down the line and can even cripple their growth rate.  Because office rent is the second highest expense the vast majority of companies incur, doing things the wrong way leading up to signing on the dotted line can be devastating and can make any  business owner go crazy!

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Starbucks Is Getting Saucy, What Liquor License Issues Do Retail Tenants Run Into?

There have been a few stories that have come out recently saying that Starbucks will begin selling beer and wine at locations in several major US markets by the end of 2012.  Starbucks began testing the concept in some of it's Seattle home based locations back in late 2011, and is planning on implementing the sale of beer and wine in cities like Atlanta, Chicago, and a few cities in Southern California soon.  Word has it that they will start testing the concept in 4-6 locations in each of those markets and go from there.  Seems as if Starbucks is attempting to become more of a true cafe, serving coffee, tea, beer, wine, to go along with pastries and Panini's. There are no immediate plans to expand the concept into any of the major Texas cities, but that could certainly change after seeing a positive response in some of the test markets.

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The Haimish Line and New York Office Space For Lease

The always awesome Mark Suster posted on New Years his new year's resolution to spend more time on "the right side of the Haimish line" which is a term that was coined by David Brooks here.  I highly recommend reading both Suster and Brooks in their entirety as this notion of the hamish line it is a great way to have a more fulfilling year.  I agree whole heartedly in getting out in the mix.  It's why I try to strike up conversations with those around me where ever I am.  There is always something new and interesting to learn from others.

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