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office: Texas office markets struggle in 4Q09 - 02/13/10 12:14 PM
TEXAS' Q4 OFFICE PERFORMANCES VARY
SANTA ANA, CA (Grubb & Ellis) - The office markets in Dallas-Fort Worth and Houston struggled in fourth quarter 2009, while Austin and San Antonio showed some positive signs, according to Grubb & Ellis.
Dallas-Fort Worth ended 2009 with a total negative absorption of 941,499 sf, 265,402 sf of which was posted in the fourth quarter. Vacancy rose 30 basis points to 22.8 percent in the fourth quarter, its highest level in over four years. Overall asking rents declined $0.20 in the last quarter to $20.68 per sf across all property classes.
Houston posted 295,713 sf … (2 comments)

office: AUSTIN OFFICE RENTAL RATES MOVE SLIGHTLY - 01/21/10 09:38 AM
The best and newest retail properties in Abilene are the only commercial real estate offerings that come near the Austin fourth quarter avg rental rates at $25.43 for their office space.  Abilene office space for full service facilities top out around $14 annually.
- Erik
AUSTIN OFFICE RENTAL RATES MOVE SLIGHTLY
AUSTIN (Austin Business Journal) - Oxford Commercial Inc. reports that office vacancy increases and price declines in Austin slowed marketwide in fourth quarter 2009.
Downtown had a slight rise in rental rates from the third quarter, increasing from $36.35 to $36.72 per sf.
South central was the only other area with … (0 comments)

office: TRANSWESTERN LANDS LARGEST-EVER MANAGEMENT DEAL - 12/15/09 02:59 PM
Congratulations to Transwestern on contracting for this tremendous management agreement. 
- Erik
TRANSWESTERN LANDS LARGEST-EVER MANAGEMENT DEAL
DALLAS (Dallas Morning News) - Transwestern's Dallas office has acquired one of the largest property management deals on record.
Institutional investor RREEF has given operations of almost nine million sf of industrial and office space in North Texas and Oklahoma to Transwestern.
The management portfolio includes high-profile projects like the 5950 Sherry Ln. office tower in North Dallas and the 4040 North Central tower near Cityplace.
New York-based RREEF previously managed the buildings.
… (0 comments)

office: ONCOR MOVING HEADQUARTERS - 12/15/09 11:51 AM
Big deals in office in the Dallas metro area.  That will certainly boost some deflating absorption numbers in that sector for the Big D.
- Erik
ONCOR MOVING HEADQUARTERS
DALLAS (Dallas Morning News) - After standing vacant for five years, the 1616 Woodall Rodgers office buildings near Victory Park have been purchased by Oncor for its headquarters.
The power line operator will remodel the two eight-story 1978 and 1992 buildings in the first half of 2010 before moving 500 employees from its current location in the Energy Plaza tower on Bryan St.
With over 260,000 sf of office space, the buildings will … (0 comments)

office: Experts: Retail Deals Getting Done - 12/02/09 10:38 AM
The article is somewhat surprising to me. After attending the ICSC in San Antonio in October, it seemed to have low attendance (2,500+/-) and the mood was fairly sedate. Abilene has been flat in the retail sector with restaurants leading. Office and Industrial have both seen more action. - Erik Experts: Retail Deals Getting Done ALLEN, TX-It’s not news that the past year has seen retail take a huge hit in terms of leasing. But for every big box that goes dark and every tenant that is begging for relief from a landlord, experts tell GlobeSt.com that others are signing up … (0 comments)

office: AUSTIN OFFICE VACANCIES UP - 11/24/09 09:14 AM
Fortunately the Abilene office sector has been stable.  I have seen more activity in the Industrial and Office markets than Retail or Multi Family.  The A Class office spaces are saturated and there is no new construction.  Many companies and businesses have either moved to larger rental space or opted to purchase and renovate existing buildings.  The latter is great for bringing older space up to current codes and creating more value and generally more attractive buildings.
- Erik Johnson
AUSTIN OFFICE VACANCIES UP
AUSTIN (Marcus & Millichap) - Recent overbuilding and employers' thinning space requirements have widened the Austin office … (0 comments)

office: One Step Closer to Earning the SIOR Designation - 06/08/09 02:28 PM
One Step Closer to Earning the SIOR Designation
by Erik Johnson
CORE COMPONENTS OF COMMERCIAL BROKERAGEMay 28-30, 2009 ♦ Houston, TX
SIOR - Center for Career Advancement
After attending and passing the Mandatory Topic courses of the SIOR in Houston, I am one step closer to earning the SIOR designation.  The Mandatory Topics (MT) include: Ethics & Professional Standards, Construction, and Understanding the Lease Agreement.
One of the benefits of acquiring the SIOR designation is targeting your network with commercial and industrial real estate professionals from all over the country and even Canada.  This adds a great value and advantage to … (0 comments)

office: Wind farm in Roscoe area could become the largest in the world - 03/25/09 10:22 AM
Wind developer will make Roscoe its home
(Infrastructure & Transportation : Abilene) 3/21/2009
(Roscoe, Nolan County) - E. ON Climate and Renewables was recently granted access to a City of Roscoe right-of-way that will allow the wind developer to add a structure to its property along Broadway Street. E. ON is constructing the final two phases of a wind farm in the Roscoe area that will make it the largest in the world with 785.1 megawatts of production capacity. That is enough to power 265,000 homes.
The company hopes to finish it in July 2009. The new structure will serve as … (0 comments)

 
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Erik Johnson, CCIM

Abilene, TX

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Paul Johnson and Associates

Address: 4633 South 14th, Abilene, TX, 79605

Office Phone: (325) 698-5661 x 15

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