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The post Cravey Real Estate Services, Inc. Completes Sale of 9,014 SF Building Leased to Dollar General 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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Read the digital SIOR Report Spring 2020 Issue.

The post 2020 Election Year Impacts | SIOR Report appeared first on Cravey Real Estate.

The 103,168 SF mall was built in 1989 to be a VF Outlet. It was later purchased and a 7 screen movie theatre was added.

Lynann Pinkham of Cravey Real Estate Services, Inc. is responsible for the leasing of space at the mall. Lynann heads the retail division of Cravey Real Estate Services, Inc. and oversees the leasing of 35 shopping centers throughout South Texas. Matthew Cravey, President of Cravey Real Estate Services, Inc. is responsible for the management of Wildhorse Crossing Mall.

Contacts:

Lynann Pinkham
Broker Associate
Cravey Real Estate Services, Inc.
Contact Lynann

Matthew Cravey
President
Cravey Real Estate Services, Inc.
Contact Matt

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The post Cravey Real Estate Services, Inc. Awarded Manangement and Leasing of Wildhorse Crossing appeared first on Cravey Real Estate.

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