A roughly 15-acre contiguous tract of land near Lake Houston and Atascocita has been sold to a developer. California-based Lee & Associates’ Houston office brokered the sale on behalf of the buyer, Darrow, which plans to build a Class A luxury apartment complex on the land. Wheless Properties represented the sellers – a group of roughly 20 individual land owners, said Lee & Associates’ Reed Vestal, who represented Darrow alongside Taylor Schmidt. All in all,…
6 Ways to Establish an Effective Real Estate Investment Exit Strategy
Whether you are leasing, looking to purchase another building, or are in the process of expanding your current facility to accommodate the future growth, one must consider a large number of items before making a final decision. One of the most important things to consider is the exit strategy. The “Exit Strategy” – as it pertains to a real estate investment – is simply a concept that answers the question of how you will be…
Drew Lewis and the University of Houston’s Stanford Alexander Center for Excellence in Real Estate’s Innovative Practice Program.
The Stanford Alexander Center for Excellence in Real Estate was created to complement the rigorous academic curriculum of the University of Houston Bauer School of Business Real Estate Program. The Center provides students with professional practice-based programs that engage industry leadership, foster student success and advance expertise in the various facets of the profession. The Center’s “Innovative Practice Program” is an annual program with a concentration on a chosen industry topic, where students are taught…
Mexican Chemicals Company Opens First Houston Office
Eurochem International Corp., an international chemicals company based in Mexico City, is opening its first Houston office just north of Beltway 8 near the Hardy Toll Road. Eurochem leased the entire 8,000-square-foot building at 3023 Farrell Road, California-based Lee & Associates announced in a release. Reed Vestal, Cameron Hicks and Taylor Schmidt of Lee & Associates represented Eurochem, while Mike Spears and Robert Noack represented the landlord. Eurochem was attracted to Houston-based in large part…