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January 25, 2024

Arbor Realty Forecloses On Houston Complex As Short Seller Highlights Distressed Loan Book

Flash Sale Today Only For Wednesday's Houston Life Sciences Conference

Arbor Realty Trust has filed a foreclosure sale notice for an apartment complex in Houston amid renewed claims from a short seller the company faces a delinquency crisis.

Arbor Realty Forecloses On Houston Complex As Short Seller Highlights Distressed Loan Book

According to online records, Arbor moved to foreclose after a limited liability company borrower tied to The Selena Apartments defaulted on a $37.88M loan made in November 2021. The 250 Uvalde Road complex in east Houston, formerly known as The Graham, is listed in the portfolio of CareVentures Capital. CareVentures Capital did…

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20-Year-Old Tax Shelter May Be The ‘Way Of The Future’ For America’s Aging Property Owners

Wealthy baby boomers seeking to wash their hands of active property management in favor of passive investment opportunities are increasingly turning to a two-decade-old vehicle that is enjoying new interest — and a growing number of competitors vying for their dollars. 

20-Year-Old Tax Shelter May Be The ‘Way Of The Future’ For America’s Aging Property Owners

Delaware Statutory Trusts, which make use of 1031 tax exchanges and allow investors to shelter real estate properties from taxes, have been around since just after the turn of the millennium. But a rapidly aging generation is driving record equity into the market and a spate of new offerings and players…

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Pillsbury Law Firm Leases Full Floor In 609 Main Downtown

Pillsbury Law Firm Leases Full Floor In 609 Main Downtown  

Another law firm inked a big office lease in Houston following a months-long trend of legal firms propping up the office market as they migrate to the most updated, amenitized spaces.

Pillsbury Winthrop Shaw Pittman signed a 28K SF lease spanning the entire 20th floor at  Hines’ 609 Main at Texas in Downtown Houston, according to a news release from  Savills. This is a 5K SF upsize from…

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REPORT: Texas Office Renovations No Longer A Silver Bullet For Pushing Rental Rates, Occupancy

REPORT: Texas Office Renovations No Longer A Silver Bullet For Pushing Rental Rates, Occupancy  

The long-held belief that renovations will improve office building performance is being challenged by new data that reveals upgrades are no longer the cure-all they once were.

In the past, office renovations in Texas helped push occupancy levels by 430 basis points and asking rates by an average of $2.46 per SF. But with the rise of hybrid work and other factors, the same pattern hasn't held true for buildings renovated in 2020 and 2021.

“The pandemic shattered this paradigm,” Steve Triolet, senior vice president of research and marketing forecasting for Partners Real Estate, said in an unreleased report shared with Bisnow. “With remote working becoming the new normal, the value proposition of the traditional office space has changed dramatically.” 

Triolet analyzed Texas office buildings renovated before and during the pandemic. He found that buildings upgraded between the beginning of 2020 and the end of 2021 didn't see a boost in overall occupancy. Instead, the decline in occupancy slowed compared to unrenovated properties. Those same buildings saw rental rate increases of 79 cents…

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