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Articles about Houston

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Instead of creating a new thread every time there's an interesting article on Houston that we want to discuss we can just plop them down here.

 

https://www.bisnow.com/houston/news/state-of-market/houston-som-89289

 

Some pretty exciting comments made in this article:

JLL Senior Vice President Simmi Jaggi, who specializes in land sales, especially for retail, said Houston isn't just on the national stage. The city is being eyed by foreign capital more than at any time in history.
As for the impact Amazon might have had on Houston, that is overstated, the speakers said, pointing out that companies operating in the Port of Houston are going to spend about $50B over the next five years on new facilities and new technology. That is 10 times the economic impact of Amazon. 
Lionstone Investments Head of Acquisitions Andrew Lusk, whose company focuses on walkable mixed-use locations, said Houston is in favor with the investment community. "In the last 18 months, there have been several marquee transactions here," he said. Houston's being taken seriously as a place to invest.
But now, especially with the change in federal tax law, there is further impetus for people and businesses to relocate from places like New York and California. All of Texas is going to benefit from this dynamic, and arguably Houston most of all.
Avison Young principal Darrell Betts, who specializes in high-profile investment sales, said there is a massive influx of companies from New York and California. "The change in the tax law is bringing people," he said. "We're the No. 1 U-Haul destination in the country."

 

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