Partners

Please join us in welcoming Ben Soule to the firm as an Associate in our Dallas office!

According to the recent Hines Mid-Year Outlook Report, the U.S. retail sector is experiencing historically low vacancy rates, presenting a unique investment opportunity to capitalize on the recovery of rents and property values. Partners Finance's current fund offerings include investments in land, hospitality, and industrial product types, among others. Interested in investing in commercial real estate online? Learn more here➡️ https://precfinance.com/

Partners Real Estate today announced that Justin Utay, SIOR has joined the company as a Partner. Justin, a seasoned office tenant representation broker, will be based in Partners’ Dallas office. Prior to joining Partners, Justin served as an Executive Vice President at NAI Robert Lynn, specializing in tenant representation. He has negotiated over 2.1 million sq. ft. of transactions and is a DFW leader in deals closed along the N. Central Expressway corridor since 2013. His in-depth knowledge of the local and national real estate markets consistently helps him achieve below-market rental rates and above-market incentive packages for his clients. Justin's work is primarily focused on cultivating relationships with office tenants, offering invaluable insights into market shifts, forthcoming opportunities, and providing strategic guidance tailored to their unique business aspirations. https://lnkd.in/gvbnQDZK

Partners today announced that Ryan W Kasten has joined the company as Partner and Managing Director for its Austin and San Antonio offices. Ryan previously served as the Managing Principal for Cushman & Wakefield’s Austin and San Antonio offices. In this role, he provided overall leadership, managed financial performance, fostered company culture, spearheaded recruiting efforts, and directed strategic business planning. Ryan's extensive experience includes his tenure as Executive Director of Tenant Representation at Cushman & Wakefield. He is renowned for his strong expertise in strategy creation, financial forecasting, and execution. Over the past 15 years, Ryan has managed over 5 million square feet of transactions for clients locally and worldwide, including securing some of the largest leases in Austin’s CBD/Domain markets, executing one of the largest sales in Palo Alto, CA history, and handling several significant transactions in NYC. https://lnkd.in/dXdvxDaC

Economic indicators like inflation, interest rates, and employment rates significantly shape the commercial real estate market. Inflation impacts construction costs and rents, interest rates affect financing and property values, and employment rates drive demand for office and retail spaces. Understanding these factors is essential for strategic decision-making and navigating market trends. https://lnkd.in/egHYmER7

Partners’ Industrial Services professionals exceed industry standards by focusing on our relationships with our clients. Whether you’re an occupier, owner, or investor in Austin, San Antonio, Dallas, Houston, or Atlanta, Partners’ full-service commercial real estate services and investments platform empowers our professionals to leave no stone unturned in finding the very best solutions for our clients. Relationship driven. Results Oriented.

Partners is pleased to announce our significant expansion into the Southeastern region of the U.S. This marks a critical step in our strategic growth plan and is our first expansion outside of Texas. Leading the Southeast business is veteran commercial real estate executive John F. O'Neill, III and Managing Partner, Southeast and Board member. In addition to opening an Atlanta office, Partners will also be expanding into the Carolinas, Nashville and across the Florida markets. If you're interested in learning more or joining our team, contact John O'Neill at john.oneill@partnersrealestate.com, Jon A. Silberman, CEO, at jon.silberman@partnersrealestate.com, or Travis L. Rodgers, CCIM, COO, at travis.rodgers@partnersrealestate.com. https://lnkd.in/gbn_Chmr

The Houston industrial market experienced a rise in vacancy rates to 7.7% in Q2 2024, with net absorption increasing to 3.2 million sq. ft., up 32% from the previous quarter. Despite a slowdown in construction, leasing activity grew significantly, up 48% year-over-year. The market is shifting towards neutral conditions, with the construction pipeline decreasing by 60% from the previous year. Average rental rates remained at a record high of $0.79 per sq. ft., reflecting a healthy market with steady demand. Houston's economy showed robust job growth, particularly in education, health services, and leisure sectors, offsetting declines in energy production jobs. Despite inflation slowing, real wages increased, contributing to the city's overall economic resilience. The industrial market maintained positive net absorption for the 59th consecutive quarter, underlining its long-term stability. https://lnkd.in/g9nm-EWe

Multiple IOS / stabilized land site opportunities are currently available at TGS Cedar Port Industrial Park in Baytown, TX. This prime industrial park offers a range of customizable sites suitable for various industrial and commercial needs, with access to essential infrastructure and strategic logistical advantages. Trans-Global Solutions, Inc. John Simons, Gray Gilbert, Chris Haro www.tgscedarport.com

By the end of Q2 2024, Houston's office market experienced a vacancy rate increase to 26.3%, despite a positive net absorption of 402,024 sq. ft. This rise is attributed to 521,323 sq. ft. of new office space entering the market, with Class A properties seeing the majority of leasing activity. Average asking rates reached $30.25 per sq. ft., driven by high-quality assets achieving near-record rates, while Class B properties faced declines. Notable new leases and increased leasing velocity signal ongoing demand, even as the market adapts to economic shifts and evolving work patterns. https://lnkd.in/gBdr8kaH