Amy MacLaren

The Chapter 11 bankruptcy of Conn’s Inc. could pack a stronger punch for commercial real estate than what initially meets the eye, leaving millions of square feet empty across Texas.The furniture, electronics and appliances retailer headquartered in The Woodlands plans to close all 174 Conn’s HomePlus Stores, as well as about 380 Badcock Home Furniture stores, after filing for bankruptcy in July. The brand also occupies close to 4M SF of industrial space.Including its office, industrial and retail stores, Conn’s has 83 locations in Texas.Conn’s business model relied heavily on people financing merchandise, meaning it suffered more from high interest rates than typical retail stores.Conn’s vacating these spaces won't necessarily lead to “doom and gloom. Texas has enjoyed stronger industrial demand than the rest of the country for several years. The state’s absorption as a percent of inventory through 2022 was 3.5%, compared to 0.1% nationally. This means Conn’s closure could give retail landlords the opportunity to lease to new tenants and raise rents, like Houston landlords saw in the wake of the 99 Cents Only Stores bankruptcy. But Conn’s has a bigger floor plate than most retail users are looking for. It may seem a bit concerning seeing so many of these announcements across the country. But overall, the market fundamentals are strong, especially for all the Texas markets, and all of the Sun Belt. #commercialrealestate #Commercialrealestateadviser #Industrialrealestate

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A sizable real estate deal has hit our radar.

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📊 In a new collaboration between CoStar Group Inc. and the Austin Business Journal, the 2024 list of commercial building owners in the Austin area has been released. This study categorizes ownership across commercial properties including office, industrial, and retail sectors, and provides intriguing insights into the dynamics of real estate ownership. 🔍 The list has been compiled meticulously, ranking owners by total square footage occupied, making it an invaluable resource for anyone hoping to understand the landscape of commercial real estate in Austin. Key stakeholders include a mix of REITs, investment groups, owner-developers, and owner-occupiers, such as major players like Tesla and Apple. 🏗️ Though the data accurately illustrates ownership of built structures, it's worth noting that acreage and planned ventures weren't considered. This could mean that new up-and-coming projects and large undeveloped land holdings remain under the radar. 👩‍💻 Insights have been garnished not only from partnership with CoStar Group but also from direct surveys with owners, company websites, ABJ reporting, and even public SEC disclosures. While this ensures a broad spectrum of data, some entries couldn’t be independently verified, adding a layer of caution when examining the list. 🔑🔮 Prediction: This expanding visibility into real estate ownership can fuel numerous business opportunities, collaborations, and investments. As neighborhoods in Travis, Williamson, Bastrop, Hays, Caldwell, and Burnet counties continue to develop, there’s likely to be a significant boom in property investments tailored to specific commercial needs. 🔹 Key Takeaways: - **Dominance of Tech Giants:** Companies like Tesla and Apple show substantial property ownership, pointing toward their ever-growing footprints in Austin. - **Diversified Ownership Models:** From REITs to owner-occupied realties, there’s no one-size-fits-all model, making the real estate landscape in Austin versatile and dynamic. - **Incomplete Data Alert:** With some data unverified, stakeholders should proceed with cautious optimism when leveraging this dataset. ✨ As we step into 2024, the findings from this list offer not just a snapshot but a trendline of how commercial real estate is evolving in Austin. Businesses, investors, and policymakers can leverage these insights to strategize for the future. For more detailed ownership information or to share additional data, reach out to [email protected]. #RealEstate #AustinBusiness #CommercialBuildings #Investment #PropertyOwnership

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Have you seen Realty News Report's latest Real Estate Brief? Check it out now, you may see a couple familiar names from Junction Commercial Real Estate!

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We're excited to pivot our firm's content in a new direction to bring you real-time market insights and data on the DFW real estate landscape. We aim to be DFW's best place for residential real estate analysis—but we need your help. What do you want to know about DFW residential real estate? What insight would make you better at your job or at finding investment opportunities? What questions or data points keep you up at night? Let us know in the comments and follow our newsletter for more to come: alxrealestate.com

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Episode 140 is now live! Join Dan Brisse on Keeping it Real Estate as we dive into investing in Dallas-Fort Worth (DFW). Discover the economic foundations, job growth, and landlord-friendly laws that make DFW a top market for multifamily real estate investments. Get the latest insights from Costar and recent census reports. Learn why Texas attracts top companies and how DFW leads in population growth. #RealEstate #MultifamilyInvesting #InvestmentTips #KeepingItRealEstate #GraniteTowersEquityGroup #successstory #podcast

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🔑📈 Exciting Update on Central Texas Real Estate! The June 2024 Market Report reveals pivotal shifts! With a notable increase of 25.9% in active listings and a decrease in median home prices, this market presents unprecedented opportunities for buyers and sellers alike. Now is the perfect time to reassess your real estate strategy and explore new possibilities. 🔗 Explore the full report: https://lnkd.in/evecWrde 🔍 For an in-depth analysis, check out our latest blog post: https://lnkd.in/eX9RAkFV 💬 Interested or have questions? Drop your comments down below! #CentralTexasRealEstate #MarketInsights #HomeBuying #RealEstateTrends #PattenTitle #TruePartner #SolutionsOriented #RealTitleSolutions

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Our latest Market Report has been released! To read the full report for Austin and the luxury market click the link below.

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Our latest Market Report has been released! To read the full report for Austin and the luxury market click the link below.

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