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November 9, 2021

Houston Could Be ‘Most Consequential City In America’ As It Rapidly Diversifies, Raising Questions CRE Must Answer

This Thursday join all the major Houston healthcare systems at National Healthcare South

As massive numbers of older, White baby boomers age out of the workforce, those following in their wake are both more racially diverse and more eager to approach the office in new ways. The face of the average American worker is changing quickly, fastest of all in Houston, with important implications for a commercial real estate industry already grappling with upheaval wrought by the coronavirus pandemic.

Houston Could Be ‘Most Consequential City In America’ As It Rapidly Diversifies, Raising Questions CRE Must Answer

State and local shutdowns last year created shifts that brought into question how developers will go forward with creating and managing new office developments. At Bisnow’s Nov. 3 Houston Construction and Development event, panelists warned employers and commercial real estate professionals they should also factor in a rapidly changing workforce when…

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Top Stories on Bisnow.com

Fed Warns That Chinese Property Implosion Could Roil U.S. Economy Fed Warns That Chinese Property Implosion Could Roil U.S. Economy
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Amtrak To Reach More Cities, Upgrade Crucial Corridors With Infrastructure Bill Funds Amtrak To Reach More Cities, Upgrade Crucial Corridors With Infrastructure Bill Funds
Highgate, Cerberus JV Acquiring CorePoint Lodging For $1.5B Highgate, Cerberus JV Acquiring CorePoint Lodging For $1.5B
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Los Angeles Company Snags Stafford Industrial Park In First Texas Acquisition

Los Angeles Company Snags Stafford Industrial Park In First Texas Acquisition

Los Angeles-based Rising Realty Partners purchased Commerce Center Stafford, a 245K SF industrial park in Stafford, southwest of Houston. It is the first Texas acquisition for Rising, which also purchased two other industrial properties over the past year. The Stafford property at 3750 Greenbriar Drive is home to…

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This Week's Houston Deal Sheet

Impact Networking signed a lease for a 16K SF space at Midway’s East River, marking the Illinois-based IT company's first foray into Texas.

 

This Week's Houston Deal Sheet

Impact Networking is the third office tenant announced so far for the upcoming Fifth Ward mixed-use development. Method Architecture and Teal were announced earlier this year.When complete, the project is expected to offer 250K SF of office space along with a 360-unit multifamily building, The Laura. It will also have…

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In Case You Missed It...

Houston Rent Increases Slowed in October, But Suburbs Continue To Ride Higher Houston Rent Increases Slowed in October, But Suburbs Continue To Ride Higher
Led By E-Commerce Growth, Demand For Houston Industrial Space Outpaces Supply For The First Time In Years Led By E-Commerce Growth, Demand For Houston Industrial Space Outpaces Supply For The First Time In Years
Acclaimed Houston Chef's Grocery One Of First Announced Retail Tenants In $2.5B East River Project Acclaimed Houston Chef's Grocery One Of First Announced Retail Tenants In $2.5B East River Project
Medical Device Manufacturer Building HQ In Burgeoning Pearland Life Sciences Hub Medical Device Manufacturer Building HQ In Burgeoning Pearland Life Sciences Hub
 
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Infrastructure Bill Poised To Push 'Significant' Dollars Into U.S. Data Centers

Infrastructure Bill Poised To Push 'Significant' Dollars Into U.S. Data Centers  

There may only be a single direct reference to data centers in the $1.2 trillion infrastructure bill passed by Congress Friday, but industry insiders tell Bisnow the legislation will have wide-ranging impacts on data center development for years to come. 

The Bipartisan Infrastructure Investment and Jobs Act, currently awaiting President Joe Biden’s signature, will direct more than $130B in federal spending toward improving digital and energy infrastructure — programs that industry leaders say may change…

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The UK May Never Build A New Shopping Centre Again

 

LONDON — That’s it. It’s over.

It might be the St James Quarter in Edinburgh. Or it could be the renovated turbine halls at the redevelopment of Battersea Power Station in London. Either way, depending on your definition, one of these may well be the last new shopping centre we’ll ever build in Britain. 

The era of shopping centre development in Britain, which dawned with the 1964 opening of the Bull Ring Centre in Birmingham, lasted just shy of 60 years. Data from Colliers shows that, after St James Quarter, which opened in June this year, and Battersea’s roughly 500K SF shopping mall (not a pure shopping centre as it's part of a wider mixed-use scheme), due to open next year, there are no new shopping centre developments planned in the UK. Nada. 

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