A mass timber office building is more appealing than Howard Hughes first anticipated, judging by its leasing volume. Three months after breaking ground on the 50K SF One Bridgeland Green, the building is 80% preleased, a faster pace than the company was expecting. The first tenants will include CrossCover Insurance, Advanced Orthopaedics & Sports Medicine and Howard Hughes’ Bridgeland welcome center and office. One Bridgeland Green, which will be the first mass timber office building in Greater Houston, is slated for completion in summer 2025. Read more here. Best Of Bisnow Dallas-based retail REIT going public. FrontView REIT filed paperwork with the Securities and Exchange Commission this week to launch an initial public offering it hopes will raise as much as $100M. Its plans follow a wave of leasing and rent growth for retail REITs in the first half of the year and the successful launch of several other REITs on the New York Stock Exchange this summer.
Houston takes its medical industry leadership seriously, and its facilities must follow suit. Houston’s population growth, a need for design to blend form and function, and numerous “once in a lifetime” weather events are keeping medical building designers on their toes, panelists said at Bisnow’s Future of Houston Healthcare event last week.
DFW topped NYC in number of coworking spaces for the first time at the end of Q2 and has an eye on LA's crown. Yardi Systems' Doug Ressler listed population increase and the rise of hybrid work as reasons for the trend of companies setting up satellite offices in the suburbs.
It’s not dead yet, retailers say about Houston's Greenspoint Mall in a bid to get customers to continue shopping there, even if there is no air conditioning. Despite recent reports that the storied but dingy mall was officially shuttering, some retailers convinced owners and management to keep the old Palais Royal space open for them to sell jewelry and cellphones.
Basis Industrial scooped up 14 Texas properties last week and surpassed 1M SF of industrial holdings in DFW. Twelve of the company's new Texas properties are in DFW and Basis is planning to make exterior renovations and replace roofs.
Best Of The Rest Rooting Out Garden-Style Apartment Developments (DMN): The Prosper Town Council approved new zoning regulations last week that won't allow additional apartment complexes of four stories or less in the town. The rules also limit new multifamily developments to specific areas and state that they must be capable of supporting retail on the bottom floor.
Project Marvel Unmasked In San Antonio (KSAT): The details are out on a hush-hush $3.4B plan to build a new Spurs arena and entertainment district in downtown San Antonio thanks to an open records request. Project Marvel would include a new arena development and a host of upgrades, according to newly revealed emails between city officials and CRE firms, though the emails don’t detail where funding would come from.
Eerie Empty Mansion Turns Bustling Commercial Campus (Business Insider): The 46-bedroom house about 20 miles south of Houston, known locally as the Manvel Mansion, which was empty for decades, has a new roster of tenants. An inside look at the remodeled mansion shows how small businesses, retailers and a community college are utilizing the space.
New Owners Breathe Life Into Houston Historic Warehouse (Houston Chronicle): Scarlet Capital, a Houston real estate firm with experience in historic building updates, is attracting new tenants to the Docks with its revitalization efforts. The 65K SF warehouse near Downtown has a host of new tenants since Scarlet took over in December, including a sports content producer and a CRE brokerage.
#RETwit Troll Declares He (Or She) Is Ready To ‘Move On’ (TRD): An online user known as LPWhisperer became commercial real estate-famous by attacking high-profile DFW figures like Fort Capital CEO Chris Powers and S2 Capital CEO Scott Everett on X, the platform formerly known as Twitter. After being slapped with a social media timeout and a defamation lawsuit, the user has gone dark, announcing the account would be sold and what was “a summer project” is over.
Number Of The Day 271 The number of coworking spaces in the Dallas-Fort Worth metro, according to a Coworking Cafe report. The Metroplex has surpassed New York City for second place in number of locations nationally and is only eight locations behind No. 1 Los Angeles. Your Turn To Serve | 
