Houston gets Industrial

  Overall vacancy is at 6.6%, up from this time last year at 5.5%, due in part to the 6.9 million sq. ft. of vacant space delivered to the market in 2019—half of the total 13.7 million sq. ft. completed. Of the 18.3 million sq. ft. currently under construction, about three-fourths of that space is available […]

Learn your lease (Part 3)

In our third installment, we will look at the Double Net Lease: A double net lease is a lease agreement in which the tenant is responsible for both property taxes and premiums for insuring the building. Unlike a single net lease, which only requires the tenant to pay property taxes, a double net lease passes more expenses along […]

Learn your lease (Part 2)

  In our second informational post, we will look at the Single Net Lease:   What is a Single Net Lease A single net lease is a commercial real estate lease agreement in which the tenant agrees to pay property taxes in addition to rent. A single net lease is a form of pass through lease in which […]

Learn your lease

  When entering into a new lease agreement, it’s important to know all aspects of your lease. In this post, we’ll cover Triple Net or NNN. What is it, and why does it affect your lease cost? What Is a Triple Net Lease (NNN)? A triple net lease (triple–Net or NNN) is a lease agreement on a property whereby the […]

You’ve got questions about Subleases, we have the answers…

  Subleases are sometimes the most misunderstood agreements for new office tenants. Read below for what a sublease is, and what it entails. http://bit.ly/2og6K2s   When drafting and negotiating an office sublease, a tenant must carefully think through a variety of issues, beyond those relating to the creditworthiness of its prospective subtenant, the rent it […]

The empire keeps growing

    Tilman Fertitta owned Landry’s has made it’s tastiest acquisition to date, with the purchase of Del Frisco’s Double Eagle Steakhouses. Terms of the deal were not disclosed, but with the addition, Landry’s now owns three high-end steakhouses: Morton’s, Mastro’s, and now Del Frisco’s. Whether you like your steak rare, or well done, the […]