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January 11, 2022

Houston Office Is Looking Up, But Don't Get Out The Party Hats Yet

Have you SEEN the lineup for Houston's Annual A&D event March 3?

In a sign of possible turnaround for Houston's still-struggling office market, the sector has clocked its first quarter of positive net absorption since the coronavirus pandemic began.

But CRE analysts warn it is too soon to definitively say office is on the comeback trail.

Houston Office Is Looking Up, But Don't Get Out The Party Hats Yet

“While Houston remains a tenant-friendly market, Q4 saw some positive developments for office owners," CBRE Houston Office Occupier Executive Vice President Kevin Kushner said in a statement accompanying the company's latest office report, one of several Q4 updates released over the past week. "Oil and gas prices are holding steady, which remains…

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Massive Hughes Landing Office Park Closes On $127M Loan

Massive Hughes Landing Office Park Closes On $127M Loan

A fund managed by real estate company CIM Group closed on a $127M loan to refinance a Hughes Landing office park in The Woodlands.The 649K SF office park is located between 1725 Hughes Landing and…

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First Texas Came For California's Businesses. Now It's Coming For Its Super Bowl

 

It’s still unknown which two National Football League teams will face off next month in this year’s Super Bowl, but another competition has some wondering if the real showdown will be between two potential stadium sites in Los Angeles and Arlington, Texas. 

California and Texas have been in an unofficial battle over the past few years, with both markets vying to attract and retain businesses, residents and investment activity — and Texas regularly winning, partially thanks to its low-regulation environment. In the latest volley in that battle, AT&T Stadium, home to the Dallas Cowboys, has been offered as an alternative to host this year’s Super Bowl, currently poised to occur at Los Angeles’ SoFi Stadium on Feb. 13. 

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In Case You Missed It...

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Kirby Collection Becomes Arrive Upper Kirby As Part Of $182M Acquisition Kirby Collection Becomes Arrive Upper Kirby As Part Of $182M Acquisition
Houston CRE Companies Eye A Brighter 2022 Despite Setbacks Houston CRE Companies Eye A Brighter 2022 Despite Setbacks
Miami Company Acquires Katy Multifamily Complex Near Amazon Center Miami Company Acquires Katy Multifamily Complex Near Amazon Center
 
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Eviction Moratoriums Helped During Covid, But There’s A Better Way To Cut Homelessness

What if moratoriums and tenant protection programs put in place to help renters facing eviction actually increase homelessness rather than prevent it?

That's one of the thorny and counterintuitive questions raised in a new academic paper about how society addresses the housing crisis. The Welfare Effects of Eviction and Homelessness Policies, published late last year, was written by Stanford University Ph.D. candidate Boaz Abramson using detailed data from San Diego to measure the impact of all-out eviction moratoriums on homelessness like those introduced during the pandemic. The paper also examined the longer-term effects of measures like right-to-counsel legislation to slow and sometimes reverse the eviction process.

Abramson’s study found that far from helping, right-to-counsel laws drive up rents for lower-income renters to such levels that homelessness actually increases by 15%.

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