Articles of Interest

March 13, 2015
Office vacancies increase, rental rates could drop amid low oil

By Roxanna Asgarian Making the rounds at the major brokerages and commercial real estate associations for their annual outlook events earlier this year, the word on every high-profile broker and analyst’s tongue was “pause.” “We can all take a pause and breathe,” John Holland, executive managing director of CBRE Group Inc. said in an HBJ […]

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February 27, 2015
Tim Relyea: Cheap Capital Trumps Cheap Oil in Development

By Catie Dixon Cushman & Wakefield executive vice chairman Tim Relyea has three or four big developments (hundreds of thousands of SF apiece) in planning now for energy firms, and says they’ll definitely happen regardless of how oil behaves. Here’s why. The cost of capital can be a bigger driver than the cost of oil […]

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February 20, 2015
Meet the largest employers in West Houston

Energy and engineering firms make up the majority of employers on HBJ’s Largest Employers in West Houston List, and both industries face uncertainty due to slumping oil prices. “At risk jobs are concentrated in west Houston,” said Bill Gilmer, director at the Institute for Regional Forecasting at the University of Houston. “We’ll go through a […]

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February 20, 2015
Keep calm and drill on: Your survival guide to Houston’s oil slump

The end times aren’t upon us quite yet, and the zombie plague has yet to reach Texas, but the oilpocalypse is in full effect in Houston. The price of oil has dropped about 50 percent since last summer when energy companies were riding high with oil in excess of $100 a barrel. Now, we’re seeing […]

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February 3, 2015
Energy Corridor Real Estate Exec Predicts Submarket Pause

By Roxanna Asgarian Eyes have been on the Energy Corridor as oil hits lows last seen during the 2009 recession. The submarket, which has seen a flurry of new development in recent years, has pulled back a bit as the energy industry battens the hatches and waits this slump out. David Hightower, executive vice president […]

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