Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
February 13, 2024

In 12 Nondisclosure States, Releasing Real Estate Sale Prices May Be Disastrous For Owners, Tenants

To say Bethany Babcock was unpleasantly surprised when a listing agent publicly unveiled the sale price of a client’s recent commercial property acquisition might be an understatement.

The principal and co-owner of San Antonio-based Foresite Commercial Real Estate was displeased enough to take her complaint to social media, kicking off a lively thread that saw one commenter suggest the offending discloser should be “publicly tar[red] & feather[ed], put in stockade and pelted with rotten tomatoes."

Babcock's property was in Texas, one of 12 nondisclosure states with no law requiring the release of real estate sale prices to the public or assessment officials. To Babcock and others, the move was overly self-promotional at best, and in a worst-case scenario, could be financially disastrous to the property’s owner and tenants. 

Read the full story here.

 
Perforation

Top Stories on Bisnow.com

$929B In Commercial Property Loans Set To Mature In 2024 $929B In Commercial Property Loans Set To Mature In 2024
As Ozempic Slims Waistlines, It’s Also Bulking Up Biomanufacturing Space As Ozempic Slims Waistlines, It’s Also Bulking Up Biomanufacturing Space
Huge Data Center Campus Proposed In Virginia Would Test New Guidelines Aimed At Curbing Such Projects Huge Data Center Campus Proposed In Virginia Would Test New Guidelines Aimed At Curbing Such Projects
CRE Lending Exposure Could Mean Fresh Trouble For Regional Banks CRE Lending Exposure Could Mean Fresh Trouble For Regional Banks
Perforation

Downtown Houston Historic Building-Turned-Coworking Space Slated For Foreclosure Auction

After a $7.1M loan default, lenders have moved to foreclose on Houston’s historic Scanlan Building, which had been transformed in recent years to accommodate modern office demands.

Downtown Houston Historic Building-Turned-Coworking Space Slated For Foreclosure Auction

RGA Reinsurance Co. filed late last month to foreclose on 405 Main St., a 76K SF building owned by a limited liability company tied to Expansive, a coworking firm formerly known as Novel Coworking. Expansive had previously marketed coworking space under its 

Read the full story here.

  Share:  
 
Perforation

This Week's Houston Deal Sheet: 2 New Industrial Leases Total 330K SF

This Week's Houston Deal Sheet: 2 New Industrial Leases Total 330K SF  

Two full-building industrial leases were announced in Houston this week, totaling 330K SF. 

In the first transaction, Cooler Depot signed a 160K SF lease at Park 529 at 6840 Signat Drive in Northwest Houston. The commercial refrigerator supply company is taking 100% of Building 1 in the Class-A, cross-dock industrial development.  Transwestern’s John Ferruzzo and Brian Gammill, alongside NAI Robert Lynn’s Nick Peterson,…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

McNair Interests Breaks Ground On Inner Loop Apartment Complex McNair Interests Breaks Ground On Inner Loop Apartment Complex
SEC Initiates Investigation Into Silver Star REIT Amid Leadership Turmoil, Failed Deal SEC Initiates Investigation Into Silver Star REIT Amid Leadership Turmoil, Failed Deal
‘It Shut Down The Deal’: High Multifamily Insurance Rates Threaten Transactions, Strain Budgets ‘It Shut Down The Deal’: High Multifamily Insurance Rates Threaten Transactions, Strain Budgets
New Facilities Place Houston Life Sciences ‘At The Cusp Of The Horizon’ New Facilities Place Houston Life Sciences ‘At The Cusp Of The Horizon’
 
Perforation

Investors See 'Huge Opportunity' To Cash In On Stigma-Prone Manufactured Housing Sector

Investors See 'Huge Opportunity' To Cash In On Stigma-Prone Manufactured Housing Sector  

One of the most stigmatized segments of commercial real estate is attracting a new caliber of investors as America’s affordability crisis deepens.

Manufactured housing, more commonly known as mobile homes, has quietly become a darling for investors over the last decade. The sector is known for being extremely lucrative, but a complicated history of negative perception is keeping new development at bay.

“Some of the most profitable investments are in industries where demand is outpacing supply,” said Kristin Millington, director of manufactured housing and self-storage at Dallas-based Crow Holdings Capital, which has homed in on the sector in a major way. “That’s the exact dynamic we see present…

Read Full Story

  Share:  
 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 74635