With 3.5 million more people expected to move to North Texas, Goodwin Advisors Partner Walt Bialas says advancing those boundaries to the horizon might not be the answer.
CRE Opinion: DFW Is At The Center of an Industrial Boom
I says let them truckers roll, 10-4.
By
Walt Bialas
Published in
Commercial Real Estate
January 13, 2021
11:57 am
For the most part, uncertainty still grips most commercial real estate sectors. Industrial has been different. It has held up well during this Covid recession and even continues to expand – hence my allusion to C.W. McCall’s hit song from the mid-1970s.
Walt Bialas
It should not be a surprise that DFW has been at the center of this somewhat quiet boom. Year-end 2020 numbers and the industrial sector dynamics have been remarkably stable. To get the numbers out of the way, vacancy ticked up to 8.1 percent from 7.7 percent in the third quarter. This is due to many deliveries hitting the market in the last half of the year against slightly slower demand compared to the first half of 2020.
CBRE Adds to Its Tenant Rep Team; Goodwin Advisors Expands Ranks
The flurry of year-end personnel moves continues in DFW’s commercial real estate sector.
Doug Carignan
CBRE has lured tenant rep expert Doug Carignan away from JLL. He joins CBRE as executive vice president in the firm’s advisory and transaction services group in Dallas, where he will continue to advise occupiers on their real estate strategies.
Carignan has spent his entire 21-year career at JLL and The Staubach Co., acquired by JLL in 2008. Most recently, he was a managing director in JLL’s Dallas office.
“Doug’s deep market knowledge and experience make him a perfect fit for our occupier team in Dallas together, we represent the biggest and most active occupiers in the region,” said Blair Oden, senior managing director at CBRE. Oden said advising companies on their real estate strategies “in this transformational time when they are rethinking how they use office space coming out of the pandemic.”