New Listing – Building for Sale
Terrie Smith has a new listing. Building for sale, approximately 5,000 SF of office/retail with Rayford Road frontage and an additional 2,610 SF building in the rear of the property.
New FASB Lease Accounting for Commercial Real Estate Leases
Are you aware that the Financial Accounting Standards Board (FASB) has issued a new accounting standard for operating leases? Under the new lease accounting standard (ASC 842), companies will need to include the majority of their operating leases (i.e. office & IT leases) on their balance sheets from January 1, 2019 onward. For privately held […]
The Top 10 Markets for Investment Sales
The top 10 markets with the highest first half of the year sales volume include the following: Investment sales in the U.S. continue to lag the pace set last year. Even with an uptick in pricing, the $109.2 billion in sales that occurred in the second quarter represent a 5 percent year-over-year decline. Total […]
Howard Hughes Corp. unveils next phase of Cypress master-planned community
This post was originally published on this site Originally published on July 24, 2017 Thousands of homes and a new amenity center with a lazy river are planned for the next phase of a massive master-planned community northwest of Houston. The Howard Hughes Corp. (NYSE: HHC) and its wholly owned subsidiary The Woodlands Development Co. […]
Houston Worst; Dallas First in National Rankings of Office Space Absorption
This post was originally published on this site Originally published on July 17, 2017 HOUSTON and DALLAS – Houston has worst office absorption in the nation while Dallas has the best, according to a midyear report by Cushman & Wakefield. Houston had 1,565,381 million SF of negative net absorption in the first half of […]
One Northgate – Full Floor
Ross Foldetta represented One Northgate at 28420 Hardy Toll Road near I-45 in a lease with Total Airport Services for 3,237 SF. This 60,000 SF campus based office property offers a value opportunity with unmatched access to Hardy Toll Road, I-45 and the Grand Parkway with neighboring hotels and Class A apartment communities. The Tenant […]
Welcome Sean Smith, CPA, MBA
Sean Smith has joined Foldetta Commercial to specialize in Tenant Representation, Corporate Advisory Services and Land Sales. Prior to joining Foldetta Commercial Sean spent 10 years at Chicago Bridge & Iron. Read more at https://foldetta.com/about-us/sean-smith-cpa-mba/
CB&I names new CEO
This post was originally published on this site Chicago Bridge & Iron Company NV, commonly called CB&I (NYSE: CBI), announced May 18 that Philip Asherman will retire from his role as president and CEO, effective July 1. Patrick Mullen has been named to succeed Asherman, who has led CB&I for nearly 12 years. Mullen has […]
Herb & Beet – LEASE ANNOUNCEMENT
Herb & Beet, a new Fast-Casual restaurant, will be opening its flagship location in September 2017 at 448 Sawdust Road in the Woodlands, TX. The fresh concept is represented by Terrie Smith with Foldetta Commercial. The locally owned and managed restaurant brings a new and exciting dining trend to the Woodlands, as it strives to […]
Census: Montgomery County adds more than 19,000 residents in 2016
Mar 24, 2017: Montgomery County’s population increased 3.7 percent from 2015 to 2016, according to population figures released by the U.S. Census Bureau earlier this week. The Houston-The Woodlands-Sugarland Metropolitan Statistical Area gained more than 100,000 residents between 2015 and 2016, placing it among the top two largest numeric-gaining metropolitan areas. According to the data, Montgomery County’s […]
