News
Orange County Multifamily

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.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Orange County Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

KKR-Affiliated Data Center Developer CyrusOne Names New CEO