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Office Buildings for Sale in Greenspoint

Greenspoint Opportunity Zone

An Introduction to GreenspointContentsAn Introduction to GreenspointA Struggling SubmarketGreenspoint Office Buildings: Ripe for Investors and New TenantsCurrent Greenspoint Office Buildings For SaleFind Office Buildings Greenspoint with CXRE North of Houston is the Greenspoint/North Belt commercial real estate submarket. It is near the intersection of I-45 and Beltway 8. There are about 115 commercial office buildings in this 12-square-mile Greenspoint area. In addition, the submarket has almost 11 million SF of rentable office space. Not only that, but Greenspoint’s office vacancy rates is around 44%, one of Houston’s highest. Recently, the average quoted annual office leasing rates for office buildings Greenspoint have hovered near $20.00 per SF. This makes it a very favorable Houston submarket for investors. Below is additional info about office buildings Greenspoint. A Struggling Submarket In general, the fortunes of Houston business are closely tied to the energy industry. Because of this, an energy downturn always echoes throughout the entire commercial real estate […]

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The 15 Top Commercial Real Estate Research Tools for 2019

Top Commercial Real Estate Research Tools for 2019 Commercial real estate research tools provide accurate, up-to-date information for brokers and agents. At CXRE, we use the latest tools to help you find the perfect commercial properties. Below are the 15 top commercial real estate research tools for 2019: CRM (Customer-Relationship Management) — Topping the list is the tool no commercial broker or agent should be without. Not only does a CRM like ClientLook let you manage prospects, clients, and your pipeline, but it also has back-office functions. In addition, mobile-friendly CRMs let you take your office with you. Research & Analytics — Doing commercial real estate research, learning about vacancy research, and a host of other tasks are easier for a commercial real estate research analyst with analytic tools systems like Reonomy and REIS. GIS (Geographic Information Systems) — In essence, GIS systems hold useful geographic and spatial data. With a GIS, a commercial real […]

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The Ultimate Guide to Houston Commercial Property Management

Houston commercial property management guide

Commercial property management is a full-time job that encompasses the day-to-day responsibilities of operating an income producing property. But when it comes to the management of commercial properties specifically, the job can be rather challenging and complex. The manager of a commercial property, whether it is an office complex, retail center, industrial building or medical office building, is responsible for looking after its accounting, cleaning, maintenance and day-to-day operations. Additionally, property management companies are tasked with collection of rents from the tenants, as well as negotiation of lease agreements. Jump Over to Our Commercial Real Estate Page for Houston, Texas As the largest city in Texas, Houston has an abundance of all types of commercial properties. From the many office buildings located in the Houston Downtown CBD, River Oaks, Galleria-Uptown and Katy area, to the Texas Medical Center, to the many retail developments in the outer suburbs and the many industrial areas scattered around the […]

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11 Key Factors for a Commercial Real Estate Broker Career Change

commercial brokers looking for a career change

Commercial Real Estate Broker Career Change Career changes are common these days. Someone might begin a career in healthcare, but decide to pursue a a commercial real estate broker career. Or maybe someone currently works in commercial real estate, but wants to move to a different firm. Whether you are leaving another career behind or switching firms, below are some key things to think about if considering a commercial real estate broker career. Key Factors in Finding a Commercial Real Estate Broker Job Regardless of why you want a career change, below are 11 key factors to keep in mind when becoming a commercial real estate broker: Your plan — Where you want to be in three years, five years, and 10 years? Will a new commercial real estate broker job help you get there? Work History — Do you have a history in real estate? If so, what types of opportunities have you had? […]

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CXRE Group Announces Major Southwest Freeway Office Assignment

6671 SW Freeway Houston TX Exterior

Announcement: CXRE Group Announces Major Southwest Freeway Office Assignment Announcement: CXRE Group announced that they have taken over as the exclusive property management and leasing company for 6671 Southwest Freeway in Houston, TX. This 8-story, class B office building is 150,000 square feet with approximately 48,000 square feet of available office space. It is conveniently located just off of Highway 59 in the Hillcroft area, provides easy access to the Westpark Tollway, and is in close proximity to restaurants, hotels, banks and a post office. The building boasts polished granite floors and walls in the lobby, a multi-level parking garage, beautifully landscaped grounds, on-site management, on-site security, an on-site deli and outdoor plaza area. This asset is the premier asset in the Houston Southwest Freeway office market. Long-Term Relationship with Owner Cody Pruitt, an Investment Sales Advisor at CXRE says, “We’ve had an exclusive brokerage relationship with this owner for a couple years now and […]

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How LLCs Can Protect You and Your Houston Real Estate Investments

Using LLCs for Houston commercial real estate can protect you and your assets. As a result, setting up an LLC (Limited Liability Company) for commercial real estate investment is a solid business strategy. Below are some ways that LLCs can protect you. LLC Benefits for Real Estate InvestmentContentsLLC Benefits for Real Estate InvestmentWhat is a Series LLC?Contact CXRE TodayAdditional Resources Using LLCs for Houston commercial real estate has several benefits. Some of these benefits are listed below: Limited Personal Liability – Commercial real estate deals often involve lots of money. In a lawsuit or judgment, an LLC limits the owner’s personal liability. Although the LLC’s assets may be at stake, personal finances and assets are not. Tax Benefits – Using LLCs for Houston commercial real estate prevents double taxation. Rental income and asset appreciation transcend to the owner. Due to this, LLC owners only pay individual taxes. As a result, LLCs lower the tax burden […]

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Real Estate Investors Eye Opportunity Zones in Houston

In March 2018 Texas Governor Greg Abbott submitted the state’s 628 designations to the Treasury Department. These include 150 Opportunity Zones in Houston. Added to the 2017 Tax Cuts and Jobs Act, Opportunity Zones could spur investment during Houston’s continued post-Harvey rehabilitation. An Opportunity Zone is “an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment.” Therefore the goal is stimulating economic development. But they can potentially transform Houston and other Texas cities. In a press release, Governor Greg Abbott said, “As we continue to recover after Harvey, these Opportunity Zone designations will also provide a much-needed boost for local communities impacted by the storm.” Consequently, Gov. Abbot hopes billions of investment dollars will flow into Houston and other Texas ‘O-Zones.’ Opportunity Zones Tax Benefits Investing in Opportunity Zones happens through qualified Opportunity Funds (O-Funds), the designated O-Zone investment vehicles. The main Opportunity Zones Tax Benefits are: Deferred Capital […]

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3 Things You Need to Know Before Investing in a Medical Office Building

Every single day, 10,000 baby boomers reach the age of 65. That will continue to happen for at least the next dozen years or so. These aging boomers who need more medical services are a big factor behind the growth of the medical office building sector. Another factor behind growth in the medical sector is the number of previously uninsured Americans who are now insured. It is estimated that over 20 million Americans now receive medical insurance under the Affordable Care Act. In response to the growing need for healthcare, urgent care clinics, micro-hospitals, and other medical facilities have sprung up all over the nation. Unlike some other categories of commercial real estate, medical office buildings are not impacted by factors that plague other sectors like retail and restaurants. Considered by many to be ‘no-lose’ investment and encouraged by their seasoned commercial real estate brokers, commercial real estate investors are jumping into the medical market […]

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Houston Submarket Commercial Office Leasing Report for First Half of 2018

Based on our research, we believe the greater Houston region is seeing an uptick in major commercial real estate values. The uptick is due primarily to increases in both commercial office leasing rates and office building occupancy increasing the yield on commercial real estate investments across nearly all Houston submarkets. Commercial Office Leasing Across Houston’s Submarkets Our records indicate the Austin County, Texas submarket has approximately 38 commercial office buildings, with a total of 250359 net rentable office space square feet. The current vacancy of Austin County commercial office real estate is approximately 0.0308093311768921% and the average quoted commercial office leasing rates are hovering around $16.122375 per square foot per year. Our records indicate the Baytown submarket has approximately 133 commercial office buildings, with a total of 1660125 net rentable office space square feet. The current vacancy of Baytown commercial office real estate is approximately 0.0665867367314766% and the average quoted commercial office leasing rates are […]

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5 Things You Need to Know Before Buying a Texas Storage Unit Development

In 1964, Russ Williams and his stepson Bob Munn built the first self-storage facility with garage-style doors in Odessa, Texas. Over the years, self-storage facilities have cropped up all over the nation. Currently, self-storage is a multi-billion dollar industry, bringing in $38 billion in annual revenue. Almost 10 percent of all American households rents a self-storage unit and spends an average of $91 a month on their rent. In the United States, there is 2.3 billion square feet total of rentable self-storage space in about 50,000 storage facilities. To put that number in perspective, self-storage developments outnumber both McDonald’s restaurants (over 14,000) and Starbucks locations (around 12,000) in the US. These commercial real estate developments can be money-making properties. Or they can be money pits. To help you make a wise choice when purchasing a self-storage development in Texas, here are some things you need to know: Adequate Population and Income to Support the FacilityContentsAdequate […]

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