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February 10, 2022

CRE Still Reckoning With Unforeseen Costs One Year After The Collapse Of Texas' Grid

New event added to calendar: Houston Master-Planned Communities & Homebuilding April 7

For a couple of tense days earlier this month, it all came back like a bad dream.

A winter storm rolled into Texas Feb. 3, dumping sleet and snow on northern parts of the state and leaving about 71,000 without power over the course of some 48 hours. A panicked public flooded grocery stores and gas pumps, venting their angst to friends, neighbors and on social media.

CRE Still Reckoning With Unforeseen Costs One Year After The Collapse of Texas' Grid

In the end, Texas’ power grid held steady with 15,000 megawatts to spare — enough capacity to power 3 million additional homes, according to the Electric Reliability Council of Texas, or ERCOT, which operates Texas' self-contained electrical grid and supplies…

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Hines Names Late Founder's Granddaughter As Company's Co-CEO

Laura Hines-Pierce has been promoted to co-CEO of Houston real estate giant Hines.

Hines Names Late Founder's Granddaughter As Company's Co-CEO

Hines-Pierce has worked for the company since 2012, and previously served as transformation officer and in other roles. Since joining Hines' office of the CEO in 2020, she's been central in launching three international funds and helping define the firm's Environmental, Social & Governance commitments. She was also heavily involved in creating and developing…

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From Covid-19 To Climate Change, The List Of Considerations In Building Design Just Keeps Getting Longer

From Covid-19 To Climate Change, The List Of Considerations In Building Design Just Keeps Getting Longer  

Powers Brown Architecture principal AJ Breneman has plenty of experience adapting to an evolving market, beginning with navigating funding issues in the wake of the Great Recession 15 years ago.

But now, due to Covid-19, the rise of big data, and rapidly changing environmental and social climates, the market is shifting faster than it ever has. According to Breneman and a panel of other architects, the list of issues to consider when designing Houston real estate now has grown long indeed, encompassing climate change, Covid-19, flooding, supply delays, new amenity needs, technology and even meeting fatigue.

"How can we produce an office product that the market could support, just based on the different metrics that were out there, trying to get people into leasing and office space?" Breneman said at Bisnow's annual Architecture & Design Event, where Houston architects agreed wants and desires are changing…

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Health And Safety Ratings Spread Far And Wide, Easing Fears Among Tenants About Returning To Work

Health And Safety Ratings Spread Far And Wide, Easing Fears Among Tenants About Returning To Work  

Bringing employees back to the office can seem fraught with uncertainty. New Covid-19 variants have been sweeping the U.S. for months, and landlords are looking for any advantage to convince tenants it's safe to come back. But many property managers have decided simply making promises that buildings are safe won’t be enough to get office employees to leave the comforts of home and return.

“We thought there was going to be the need for third-party certification,” Hiffman National Senior Vice President Carrie Szarzynski said.

In 2020, the company, the property management platform of NAI Hiffman, decided to secure the International WELL Building Institute’s WELL Health-Safety Rating for their buildings. The rating is awarded to buildings that help curtail the spread of diseases such as Covid-19…

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Retail Sales, Especially E-Commerce, Surged In January

Retail Sales, Especially E-Commerce, Surged In January  

Despite the impact of the coronavirus' omicron variant and an elevated inflation rate, consumers are out spending. Overall retail sales were up 7.2% in January compared with the same month last year, according to the latest Mastercard SpendingPulse report,…

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