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The post Cravey Real Estate Services, Inc. Completes Sale to Freedom Fitness at Five Points Shopping Center appeared first on Cravey Real Estate.

{For Cravey it’s all a matter of “turning that stuff off and realizing there are some good opportunities.” He offers the following example: “When Carter was in office, interest rates went up to at least 18%,” he recalls. “It took us a little while to adjust to the new norm, but the next thing you know I made all kinds of money—and so did my clients—once I learned the rules of the game. Just tell me the rules, and I’ll figure out how to do it.”

He did have one “caveat,” however. “Back in the ‘80s they changed the tax laws and made them retroactive; in Texas that affected the oil business, which affected real estate, which affected banking. Everything went down in Texas. So, the biggest fear when I operate is, ‘Are they talking about anything that’s retroactive?’”

……

From where he sits in Corpus Christi, Cravey says, “Everyone feels good about the future. When you get a vacant store in a building it does not sit very long.”

Of course, the city seems to have a lot going for it. “We have over $60 billion worth of plants and projects under construction,” says Cravey, noting that one is a $13 billion joint venture between Saudi Arabia and Exxon.

“We’re taking advantage of the cheap natural gas that comes down here,” he says. “Materials went up when Hurricane Harvey hit, and they haven’t gone down. We have a shortage of concrete because of all these new plants.”

But the city has prepared well for the future. A billion-dollar bridge was built, the port was widened, and the specs mirrored those of the Panama Canal. “Our port was smart enough to realize what specs to use, how high the bridge should be, and how wide and deep to make the port,” he says.

But he is not without caution. In fact, he shares, “When [customers are] selling now, I say instead of doing a 1031 exchange it may be better to pay the taxes and have cash.” Still, he insists, “Opportunities will come up when they start messing with things. Most everyone who’s been in this business any length of time believes politicians can’t leave things alone—but every time, it creates opportunities.”

And the tariffs? “The attitude here is this thing with the Chinese will work itself out,” says Cravey. “Things will work out—they just have to.”}

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The post Cravey Real Estate Services, Inc. Arranges Sale of Net Leased Industrial Property – FleetPride & United Rentals appeared first on Cravey Real Estate.

Wilson Plaza was built as 3 separate towers over a few decades. The east tower built in 1927 was the very first and is located on the bluff in Corpus Christi. Wilson Plaza is conveniently located in uptown Corpus Christi, near the Nueces County Courthouse, city hall, and business district. Wilson Plaza is the prime location to enjoy the panoramic views of the Corpus Christi bay.

For more information about leasing space in Wilson Plaza, please visit www.wilsonplazacc.com. For historical information, visit www.wilsonplaza.com.

Contact:

Matthew Cravey
President
Cravey Real Estate Services, Inc.
matt@craveyrealestate.com
(C) 361.877.2463
(O) 361.221.1915
(F) 361.221.1915

David Evans, Jr.
Associate
Cravey Real Estate Services, Inc.
david@craveyrealestate.com
(C) 361.960.2740
(O) 361.541.4417
(F) 361.541.4417

The post Cravey Real Estate Services, Inc. Is Now Leasing Wilson Plaza appeared first on Cravey Real Estate.

SIOR Report, Summer Edition 2018

Corpus Christi, 182 miles southwest of Houston, was also impacted by Hurricane Harvey, but given its path and landfall, was spared the damage other areas experienced.

“When a hurricane is noted, we watch it for three weeks out and decide whether we need to make arrangements for the storm,” said Cravey Real Estate Services president Matthew Cravey, SIOR, CCIM.

It is an attractive market for many outside investors, given Port Corpus Christi, a key facility for the petrochemical and windfarm industries, and its abundant natural gas, he noted.

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CORPUS CHRISTI, Texas – June 26, 2018 – Freedom Fitness has leased 22,695 SF in Huntington Square and will be located at 5513 Saratoga Suite #103 (formerly Gattitown)  next to the Dollar Tree. They plan on opening late summer/early fall of 2018. This will be the 3^rd location for Freedom Fitness in Corpus Christi, Texas. Lynann Pinkham, Cravey Real Estate Services, Inc., represented the Landlord.

About Lynann Pinkham

About Cravey Real Estate Services, Inc.

Cravey Real Estate Services is a full service commercial and industrial real estate company based in Corpus Christi, Texas. We sell, lease, and manage Commercial, Industrial, Warehouse, Office, Retail, Shopping Centers, Land, and Investment Properties in Texas. 

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