National MarketingRobots Aren’t Done Reshaping Warehouses
The New York Times, July 12, 2022
The pace of automation has accelerated in the pandemic, as big players invest billions in their efforts to streamline how goods are sorted and shipped.
“We’re largely building the same building,” said Steve Kros, regional partner at Transwestern, a developer focused on warehouses. “A generic, vanilla building that can accommodate the widest possible range of tenants. But now they’re using two or three times the power of previous generations of warehouses.” Read the full article.
Houston real estate giant Transwestern bets big on Vacaville’s biotech industry
San Francisco Business Times, July 5, 2022
Yet another investor is buying into Vacaville’s growing biotechnology manufacturing industry. Transwestern Ventures, the opportunistic arm of Houston-based real estate giant Transwestern, closed this week on 22 acres within Vaca Valley Business Park, where it intends to raise a 390,000-square-foot biotechnology manufacturing campus, the city of Vacaville announced June 30. The project, which will sit at the interchange of Interstates 80 and 505, is being built without a tenant in hand. Read the full article.
CareFirst leases 80K s.f. in Downtown Columbia for regional office
Baltimore Business Journal, June 14, 2022
CareFirst BlueCross BlueSheild is expanding into Downtown Columbia as the large health insurer begins a new hybrid workforce strategy that will grow its footprint in the suburbs. Baltimore-based CareFirst just leased 80,000 square feet at 6100 Merriweather to open the first of its planned “spokes,” or satellite, offices. The new space is set to open in January 2024as part of a new workforce strategy announced in March 2021 to retain workers.
D-FW office leasing comes roaring back as workers return from home
Dallas Morning News, June 27, 2022
At midyear net office leasing in the Dallas-Fort Worth area totaled more than 2 million square feet – topping pre-pandemic activity as more workers returned from home, according to preliminary data from commercial property firm Transwestern. More than 1.1 million square feet of net leasing was recorded just in the second quarter, with the strongest demand for office space in the Dallas North Tollway corridor in West Plano and Frisco, in Uptown Dallas and Las Colinas.
“Although clouds of recession are appearing on the horizon, the office market is favorably positioned,” Transwestern researchers wrote in a just-released report. “Overall, the region’s fundamentals may limit the downside of a recession and lead to a faster recovery, as they have over the last 15 years.”
How an investment firm aims to attract physicians to a Texas medical building
Becker’s ACS Review, June 14, 2022
US REO Fund, a Plano, Texas-based real estate investment firm, is hoping to draw physician groups with the renovation of a medical office building and ASC in Plano. The 80,000-square-foot, two-story property will undergo landscape, lobby and common area renovations and rebrand as Prestonwood Medical Center. The Dallas-Fort Worth healthcare real estate market has seen huge growth — with vacancy at their lowest levels since 2018, according to research from Transwestern Real Estate Services, which is providing leasing support for the project.
