Working With Texas' Expert Commercial Property Brokers
CXRE Group’s team of Texas-licensed brokers and agents specialize in commercial property, office buildings, medical offices, retail centers, RV parks, multifamily, and self-storage commercial real estate. (TREC Corporate Broker, CXRE LLC, License #9004453). Without a doubt, we work for you throughout central Texas.
Specifically, we serve Houston, Dallas-Fort Worth, and San Antonio. Since we’re strongly established in several markets end, we often discover and broker off-market deals for clients like you. Also, we have a full in-house technical staff at your disposal. In brief, we are expert partners who will always be on your side.
We Find and Improve Client Assets
Generally speaking, our job is knowing what’s for sale in the local commercial property markets. Because of this, our expert team knows both the urban markets and submarkets as well as the suburban and rural markets. Furthermore, our commercial real estate brokers handle all sorts of properties. Briefly, we handle office buildings, land transactions, medical office buildings, industrial warehouses, and more. No matter where you’re located or the property type, we’re able to assist you.
Overall, we want to make your assets better, so they perform well. In order to do that, we have many ways to help you discover good properties and retain your tenants. To this end, our commercial property sales & management team helps reduce tenant turnover. Additionally, if you’re looking for potential investments, we do the legwork! We find properties that meet your criteria and judge if they are good investments for you or not. Based on our extensive experience and expertise, you can always depend on us to present you with high-quality assets.
Without a doubt, the real estate market is not zero-sum for anyone involved. The reality is that gains and losses aren’t evenly balanced. Honestly, tenant reps and owner reps both deal with pricing competition. So, we assist each group with their unique property needs. On top of that, we know that both sides of any deal need a strong advocate. As a result, we serve both building owners and investors. No matter which side of the transaction you’re on, we can help. At the end of the day, we want everyone to do well for everyone’s benefit.
Without a doubt, great investments help you keep tenants. On top of that, low turnover improves benefits for investors like you.
Your deals negotiated aggressively, yet with respect.
Our commercial real estate brokers improve your returns. What’s more, we add value to your assets. Specifically, we use deep relationships, great client service, and proactive stakeholder engagement. In addition, we follow the 5 investing steps to reach goals, both yours and ours.
COMMERCIAL REAL ESTATE BROKERS
5 Investing Steps
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Case Study: How We Saved a Building Investor $3 Million
The Problem: LEED Lease Violations by a Property Manager
In early 2008, Panatonni reached out to us to help with some issues. In brief, the company was getting bad service for the properties. Not only was their management company doing a poor job, but their facility management company was too. Surprisingly, these were publicly-traded companies. What’s worse, they were the nation’s largest property manager AND the largest facilities manager.
After seeing our reports, the owner began to make changes.
At that time, the facilities were 90% occupied. Also, the tenants were working on a lease clawback process. Specifically, they had issues with LEED provisions in their leases. On top of that, tenants had concerns about sustainability requirements. However, the management company wasn’t following any of these provisions. As a result, Panatonni was struggling.
In light of what we knew, did an audit of the properties. In short, we reviewed 300,000 SF of LEED facilities. After seeing our reports, the owner began to make changes. First of all, they got rid of the property manager and facility vendor. And they did this within 30 days. However, this left them without service providers.
The Solution: A Planned Return to LEED Lease Compliance
Without a property management team in place, the owner hired CXRE to help. Since we already knew the issues, we jumped right in and got started. In brief, the facilities needed to return to the original standards. On top of that, the owners wanted to interact more with tenants. For this reason, CXRE started a six-month process to make these changes.
First of all, we brought the facilities back up to LEED and EnergyStar standards. Also, we made sure that all the tenants followed LEED lease provisions. Once we did all this, Panatonni sold the assets to a different owner. All in all, CXRE managed the properties from 2008 to 2011.
In the end, we saved the owners both time and money over three years.
On one hand, we saved the owners’ about $450,000 in lease clawbacks. In short, we did this by lowering the tenants’ LEED lease claims. Also, we improved the facilities’ EnergyStar performance. At the same time, we created over $3,000,000 in asset value protection for the owners. In essence, we kept tenants satisfaction levels high. And on the whole, this led to more lease renewals. To sum up, CXRE improved the facilities and increased the owners’ overall benefits.
What Can a Commercial Broker Do for You?
CXRE’s commercial real estate brokers do lots of legwork for you. If you’re buying a property, they help you find the right investment for you. Once you tell a broker your needs, they research properties and pick out the most suitable ones. If you’re on the other side of the transaction, our brokers work hard to get top dollar for your commercial real estate assets. On top of that, we can advise owners of steps to take and improvements to make their properties more attractive and marketable. When all’s said and done, we work for you and serve your interests so that you can maximize your assets.
Efficient
Efficiency is doing only the right things. Consequently, CXRE® focuses client resources on efficiency.
Effective
Overall, CXRE® has been the leader in doing things right. As a result, we lead through effective business modeling, reporting, and asset maximization.
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