Houston, we have a BIG problem...
KBS REIT agreed to sell an office complex in West Houston at a massive 63% discount
CCI will acquire 19219 Katy Freeway for $17.6M, or $87 per SF... KBS paid $47M for it in 2016
There's a much bigger problem in Texas...
With ~300 empty office buildings, Houston dominates Texas in the 'empty office building rate' in the US w/ 26.3% vacancy
Trailing behind it are two Texas cities: Dallas and Austin w/ a vacancy rates of 25.3% and 25.2% repspectively
All three cities are facing alarming vacancy rates...
Source: TRD, Chron
For the latest updates on the commercial real estate meltdown just like this, make sure to follow @TripleNetInvest and turn on notifications
Great time to buy a home! Unprecedented inventory of homes — historical price reductions and financial assistance programs. I’d be honor to help you find your next Home. Please call to schedule appointment, 512-988-0503. #TexasRealtor
Continuation of employer apprenticeship tax incentives is foundational to establishing a skilled workforce. Upcoming legislative season will need your support!
@BethMooreLPM Oh Beth. Can’t imagine. So sorry for your loss. Love you and will be praying for comfort and peace that surpasses all understanding. You got this! ♥️
@BethMooreLPM what happened with your LPM app? All the options changed? No video messages (Part 1, 2, 3) available for viewing anymore? Is there a new App? Blessings.