Houston's SXSW, Metro rail update, and more
Just want to pass along a few smaller misc items tonight:- More on a Houston Energy SXSW-like mega-conference I brought up last week: got some nice backing from Carrie Feibel over at the Chronicle Politics blog as well as a HAIF thread, and now I'm talking with the Partnership and the Mayor's staff to see about expanding this event. Now just need strong buy-in from the Mayor to make some things happen... (UPDATE 6/24/11: It's happening!)
- California Exodus
- Christof gives an update on and reasons for Metro Rail construction delays.
- NYT story on rising office vacancies, with a picture of MainPlace construction downtown. Doesn't sound good. Gotta hope oil has a bit of a bounce-back (no need for $100+ though). Hat tip to HAIF.
Houston, like Dallas, held up while many other cities were showing the strains of an economic slowdown. But job growth and the brisk business of oil and gas exploration have come to an abrupt halt.Thanks to those who attended my event last night with EGB. The room was full, the Q&A was engaging, and the feedback was very positive.
Vacant or unfinished shopping centers dot the highways. Among the 8.4 million square feet of office space under construction or recently completed in the metropolitan area, 80 percent has not been leased. As a result, the vacancy rate is 11 percent and rising.
“I see a wave of troubled assets coming out of Texas in the near future,” said Dan Fasulo, managing director of Real Capital Analytics, a real estate research firm.
Labels: development, economy, energy, Metro, rail
posted by Tory Gattis @ 9:42 PM
1 Comments:
Interesting quote in my opinion from the Cali article: "The saddest thing I saw was the escalation of home prices to the point our kids, when they got married, could not live in the community where they lived and grew up," Hartz says. "Some people call that progress."
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