A high percentage of speculative low-rise industrial buildings today are flex buildings. Developers are favorable toward a flex building as it meets the needs of many modern industrial building users. A flex building is a single or multi-tenant building that will accommodate different amounts of storage and office needs, depending on particular tenants’ needs. When […]

ALICE, Texas – June 19, 2018 – Matthew Cravey of Cravey Real Estate Services, Inc. and Rafik Ibrahim of JLL represented Halliburton Energy Services, Inc. (“seller”) in the sale of 850 Commerce Rd. to Alice Management Company, LLC (“buyer”). The sale included a 17-building industrial complex totaling 103,338 +/- SF that sits on 19.18 acres […]

Preventative Maintenance Preventative maintenance is one of the most important components of successful property management. Preventative maintenance is used to foresee any potential problem. An aggressive preventative maintenance program should be developed for both large and small properties, whether building staff consists of only a part-time maintenance worker or a larger number of employees supported by […]

(For the PDF version: https://craveyrealestate.com/ns/wp-content/uploads/2018/06/Blog-A-Wide-Range-of-Opportunities-in-Commercial-Real-Estate.pdf ) Investors in real estate sometimes become fixed on one type of commercial property. However, there is a wide range of opportunities out there. Commercial property provides space for a business. The kinds of commercial properties are as diverse as the kinds of businesses out there. Here are the major categories of […]

As a commercial real estate agent handling industrial property and vacant land for quite a while, I have come to appreciate particularly two quotes that have stuck with me. The first is from an appraiser friend Paul Koepke who guided me in my early years learning the appraisal business. He quoted from the Preamble to […]

Lynann’s thoughts on ICSC RECon 2018: At first glance, I noticed that attendance seemed light.  Reports stated that there were less retailers than last year with booths.  Retailers typically dominate the South Hall of the convention center.  At 9:30 a.m. on Monday (opening day), I thought the South Hall was very quiet with little activity. […]

PDF Version: Blog – Checklist for Lease Closing When all of the negotiations have been completed, and the broker and commercial tenant have agreed to the terms of the lease, all that is left is the lease closing. Often there are so many backup papers that must be produced, examined and approved; the closing can […]

SIOR Report, Spring Edition 2018 Many, if not all such transformations offer a wide range of opportunities for SIORs. Matthew Cravey, SIOR, Cravey Real Estate Services, Corpus Christi, Tex., convinced an investor to put under contract a former HEB Grocery store building. “While under contract, we found a charter school to lease the main building,” he […]