Jan. 31, 2018
“A narrowing of the gap between buyers’ bids and sellers’ asking prices has created a sweet spot in the Houston market where deals are getting done. Add to this peak-level pricing in most other markets, and Houston is set to see an increase in the number of office investment sales transactions this year.”
For more on why investors are looking to Houston for better yields and the type of office investment activity the market can expect to see, read the full Houston Business Journal article from JLL’s Michael Zietsman and Kevin McConn.
About the Authors
Michael Zietsman is an International Director with JLL’s Capital Markets group. His primary focus is on advancing the company’s growth strategy, executing large transactions and managing client relationships, with a particular focus on the Texas and Denver regions. Michael has 34 years of experience in the sale, joint venture and financing of various property types, with an aggregate value in excess of $11 billion. He is a member of the Urban Land Institute, Pension Real Estate Association, National Association of Real Estate Investment Trusts, and International Council of Shopping Centers.
Kevin McConn is a Senior Vice President in the Houston office of JLL’s Capital Markets group. With more than 10 years of commercial real estate experience, Kevin specializes in office and industrial investment sales for both institutional and private clients. Kevin has a bachelor’s degree from the University of Texas at Austin and an MBA from Rice University.