The Year of Positive Thinking
That’s what Hillwood Properties prez Mike Berry called 2009 at the Tarrant County Commercial Real Estate Forecast last week. We snapped this pic for the visual learners: He's showing that Alliance*Texas, a 17K SF development, is gunning for another record year. Wow, how do we get an asterisk in our name?
Here's one entrance to Alliance*Texas, which saw a record 3.4M SF in leases in '09. Most of it was hanging on to what we had, Mike says. Among his Metroplex 2010 predictions: no new construction; aggressive tenant retention efforts by landlords with early renewals and rent reductions in exchange for term; new deals with free rent; and investment sales and distressed deals slow to materialize.