1M SF Of Purpose-Built Real Estate Could Boost Houston’s Life Sciences Market Ranking

Investment in North American hydrogen production jumped by nearly two-thirds year-over-year to $46B in 2023, driven by the federal government’s march toward clean energy and private industry’s simultaneous efforts to power commercial fleets with electrification.

With those billions in investment come opportunities for commercial development to deliver both the manufacturing capabilities and the distribution hubs for this unconventional, but growing, fuel source.

“The momentum around the world is to consider ways in which hydrogen can be used as a fuel,” Fuel Cell & Hydrogen Energy Association President Frank Wolak said. “There's two real estate thrusts you're going to see in the creation of hydrogen fuel facilities — the facilities themselves, with power…

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Nightingale Properties has reached a tentative settlement with CrowdStreet investors that would reimburse them for the tens of millions that Nightingale’s embattled CEO, Elie Schwartz, misappropriated over the past year. 

The agreement could see investors receiving quarterly installments of roughly $4M over the next three years as the New York-based commercial real estate investment firm liquidates portions of its portfolio to satisfy the capital lost by investors who were led to believe they were buying slices of prime office buildings in Atlanta…

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There’s an existential crisis facing the office market, with phrases like “urban doom loop” and “office-to-residential conversions” becoming commonplace. That environment might seem like an unfavorable one for young adults looking to start a career. 

But many early career brokers who spoke with Bisnow said they felt energized by the chance to hone skills during a downturn, despite the increased competition and widely acknowledged financial hardships of starting out in CRE. In conversations with nine young office brokers, many of whom entered CRE since the pandemic, and a few in their older 20s and early 30s with some experience, most saw great opportunity and excitement despite the difficulties.

“You can have the highest high and the lowest lows within 20 minutes of each other,” said Orlando, Florida-based Foundry Commercial office brokerage associate Maria Lombardi, a 24-year-old who graduated college in 2022.

Lombardi was the only one of her 48 classmates in her master’s real estate program at the University of Florida who went into office. “My classmates asked me, ‘Are you sure you want to do this? Is this the route you want to go?’” she said. There is also widespread…

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