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April 6, 2021

Office Landlords Faced With Rising Vacancy Are Turning To Coworking

[Digital Summit] What's driving demand around the port? Hear from Stream, Port of Houston & Trammell Crow April 29

Even as coworking operators have struggled to survive the coronavirus pandemic, landlords saddled with vacated offices have come to realize coworking space is better than empty space.

Houston's office building owners have been offering a slew of concessions, upgraded amenities and services to attract and retain tenants over the past year. And in rare cases, they're converting empty offices into coworking, hoping to secure more leases with the promise of flexibility.

Office Landlords Faced With Rising Vacancy Are Turning To Coworking

Coworking is poised to gain more clout with landlords as an amenity, office experts said. Typically a flexible option for small businesses trying to get off the ground, a coworking space in an office building also has the potential to attract larger, traditional tenants that are grappling with uncertainty over future space…

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JLL Hires Charles Gordon And His Band Of Tenant Brokers Away From CBRE

JLL Hires Charles Gordon And His Band Of Tenant Brokers Away From CBRE  

JLL’s Houston office has just gotten a lot bigger. A 19-person tenant representation team from CBRE is decamping for JLL, a major play that has more than doubled the Chicago-based firm’s local lineup. The team, led by Charles Gordon, includes >

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Some (But Not All) Houston Brokers Are Basking In Texas Reopening Glory

Some (But Not All) Houston Brokers Are Basking In Texas Reopening Glory  

Texas’ speedy reopening has garnered both criticism and praise, but early feedback indicates that for some commercial real estate brokers, inquiries and requests for tours have received a boost. Stream Realty Partners Managing Director Ryan Barbles said that the combination…

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For Now, Texas Real Estate Won't Let The Numbers Kill Their Party

Some Texans groaned and some Texans cheered.

When Gov. Greg Abbott announced his plans to fully reopen the state on March 10, the state's commercial real estate sector probably all yelped a mighty "yee-haw."

And nearly a month later, that unbridled enthusiasm is still bubbling — even if the early data does not quite live up to the rose-tinted atmosphere still swirling around hard-charged real estate circles.

"The impact that I have seen from the reopening is probably the greatest impact event from my 17 years in the business," Marcus & Millichap Senior Managing Director of Investment for the Multi Housing Division Al Silva said when discussing multifamily's reaction to the reopening in Texas. 

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In The Battle For The Soul Of New York, Real Estate Is The Front Line

 

With less than three months before New York City’s decisive mayoral and City Council primary, nearly everyone in New York City real estate, from small landlords to corporate titans, is arming themselves for battle over the direction of the city’s future.

The stakes are so high for the real estate industry in New York City’s local elections this year that many of the 25,000 or so agents and landlords that make up the membership of the Rent Stabilization Association — between them responsible for maintaining more than 1 million apartments — have started to get involved in the city’s political races for the first time this year.

“It’s been a wake-up call for a lot of people who've sat on the sidelines for a number of years that maybe it's time to get involved,” said Frank Ricci, an executive vice president for RSA who has been a New Yorker for more than 40 years. “Property owners are trying to figure out if they should continue to try and do business here, or maybe it's easier and more profitable to do business somewhere else.”

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