The industrial sector continues to be a darling of Houston development. First quarter 2023 reporting shows absorption remained strong, vacancy remained stable, rental rates continued to increase, and construction volume increased (according to Avison Young Houston Industrial Market report.) PRISM has seen increased requests from real estate developers and brokers for video productions of industrial projects to help expedite leasing in this incredibly competitive sector.
Developer Prescott Group knows opportunity when they see it. Houston’s Westchase District has a surplus of aging buildings. In the current flight-to-quality trend, tenants are looking elsewhere. Prescott is hoping to lure them back with the redesign and repositioning of the 5959 Corporate Drive building. Being marketed now as the Houston Technology Center, the 567,333 SF building is just east of Beltway 8 and south of Westpark tollway.
“Do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.” St. Luke’s United Methodist Church wants all of Houston to be Transformed. It’s the vision for their capital campaign launched in 2021. Today, that vision is taking the form of a new community center under construction in Sharpstown.
Our clients may not work with her directly, but she’s critical to every project and our overall operations. Happy Birthday to Marika Pinkett, our Senior Executive Administrator. She minds all the details, keeps us all on track, and always does it with a cheerful attitude. Best wishes to you on your special day.
How could all of us ever adequately celebrate our fearless leader? Happy Birthday to Jing Johnson. She is kind, selfless, supportive, fearless, and the best boss we could ask for. Cheers to you!
How is a successful career in architecture defined? The AIA Houston Women in Architecture Equity Series hosted a panel to parse this question. Despite the current crunch of a talent shortage, female leaders are leaving firms faster than men. PRISM proudly sponsored this event and appreciated the focus on this topic and hearing from all the speakers.
The world’s largest retail real estate convention is happening soon. Are you ready for ICSC Las Vegas? Do you need project funding? Do your developments need tenants? Make the most of this marketing opportunity with photorealistic project renderings and video productions. Tell us your goals and we’ll help you meet them.
The Real Estate Roundtable Sentiment Index for Q1 2023 reported increases in the three categories they track – Sentiment, Current, and Future Index. However, respondents cautioned against generalizing trends across industries. For example, multifamily is attracting interest, but Class B office is struggling.
The human retina is responsible for sensing light coming through the eye’s lens and converting it to the electric signals the brain perceives as images. Retina Consultants of Texas is the largest ophthalmology practice in Texas, specifically focused on the retina. They serve their mission to preserve vision with world-class medical and surgical retinal care and cutting-edge research. It is home to the largest retinal research center in the U.S.
The practice just opened their newest clinic, located in San Antonio. Serving as the flagship retina clinic and research center for Retina Consultants of Texas, the project is another example of how PRISM works with clients to positively impact their communities. Houston rendering company PRISM completed multiple marketing renderings. We worked with Harrell Architects to develop photorealistic renderings, bringing their vision to reality.
There’s nothing terrible about the 2’s for Freehill Development Company. In their second year since opening, the developers have five large industrial projects underway in central Texas. The company’s niche is shallow-bay projects catering to smaller tenants. Their next development, scheduled to open in Q3, Freehill Selma is located off IH-35 in northeast San Antonio.
