Until recently, the trend in the Houston office market has been “flight to quality” – employers were willing to overpay 15-20 percent for rent in order to stay relevant and offer amenities that focus on a live-work-play workplace. As priorities shift a result of Covid-19, we may see a new “flight to lower price alternatives” as employers place value on having more space. Opportunities will exist that did not before, and landlords will have to…
Lee & Associates Represents Adkission Group in Notable Transaction
HOUSTON (August 2020) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, today announces Adkisson Group’s purchase of a 158,700-square-foot manufacturing campus located at 6500 Brittmoore Rd. in Northwest Houston. Robert McGee, Thomas Leger and Chase Cribbs of Lee & Associates – Houston represented the privately held real estate development firm in the transaction. The one-of-a-kind campus consists of eight manufacturing buildings on over 13 acres of land, with overhead crane…
Growing Up In the Industry: Key Components to Success in Commercial Real Estate
John Erck, Director at Lee & Associates – Houston The commercial real estate industry is competitive and takes a certain work ethic and level of determination to succeed. I’ve had the unique experience of seeing this from a young age and have learned a few key components along the way that help brokers see success as they work to build a career in commercial real estate. Put in the work Growing up, I always…
Lee & Associates – Houston Awarded Costar Power Broker Quarterly Deals Award
HOUSTON (May 122020) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, is proud to announce that three of its brokers, Taylor Schmidt, SIOR, CCIM, Reed Vestal, SIOR, CCIM and Robert McGee, SIOR, were awarded a CoStar Power Broker Quarterly Deals Award. Each quarter, CoStar recognizes brokers and their top deals based on price and square footage. These deals can include sales and leases on various property types including office, industrial,…
Updates To Historic River Oaks Building Proves Vital To Re-leasing Efforts
Jill Nesloney, Chris Lewis and Robert LaCoure of Lee & Associates – Houston worked closely with L&B Realty Advisors on the 170,233 SF office building in the heart of River Oaks purchased by The State of Florida Teacher’s Pension Fund.
Lee & Associates – Houston Announces A Sale Of An Industrial Property
Duma Land, LLC Sells 100,000-Square-Foot Space to Ivest, LP HOUSTON (April 9, 2020) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, today announced the sale of an industrial property in Houston. Duma Land, LLC sold 100,000-square-feet of space on 6.2 acres to Ivest, LP. The property is located at 8201 and 8211 La Porte Freeway. Lee & Associates – Houston’s Trey Erwin, SIOR, Justin Tunnell, Senior Director, and Justin…
COVID-19 Bill Takeaways
Lee Houston is committed to our clients during these challenging times, and will continue to work safely to serve our clients during the Coronavirus pandemic. We will remain available with online meetings, virtual tours when available, email and of course…call us if you need us! Here are some key takeaways we have summarized for our client’s well-being, as well as some additional resources. Borrower Information Sheet Lender Information Sheet Paycheck Protection Program Application Form Paycheck…
COVID -19 and Its Impact on the Commercial Real Estate Industry
Written by Robert LaCoure With the recent spread of COVID-19, industry leaders are having to think and act fast. Many people in the commercial real estate industry are concerned about the uncertainty of the situation, yet we must adapt to what is happening around us and band together to fight the virus. At Lee & Associates – Houston, our team is taking precautions and thinking ahead in order to mitigate challenges and overcome obstacles that…
Lee & Associates – Houston Awarded Brokerage Firm Of The Year
HOUSTON (March 13, 2020) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, is proud to announce the company was awarded Brokerage Firm of the Year at the 2020 REDNews Real Estate Awards. Each year, REDNews recognizes the city’s top commercial real estate companies, brokers, properties and transactions. This year’s annual awards ceremony was held on March 12th at The Briar Club. “It’s a huge honor for our company to be recognized…