ESRP Industrial Services Team handles approximately 36% of the DFW industrial absorption in first half of 2017

According to CoStar, DFW industrial absorption through the 2nd quarter of 2017 totaled 8,364,286 SF. ESRP’s Industrial Services Team is pleased to have assisted their clients in negotiating new industrial leases in excess of 3,045,000 SF, which accounts for approximately 36% of all industrial space absorbed in the first half of 2017. Industrial team members included Sharon Morrison, SIOR; Brad …

ESRP Procures the Second Largest Incentives Award in Texas

  ESRP’s Incentives Group, led by Susan Arledge and Ann Harts, successfully negotiated the second largest award from the Texas Enterprise Fund in this fiscal year on behalf of their client, NTT Data.  The team procured additional incentives from the City of Plano.  ESRP’s Steve Jarvie and Damian Rivera represented the client in negotiating the lease at One Legacy West. …

CRE Opinion: A Single Tip to Make This Year Your Best Yet

Every year we think that political, social, and economic events just can’t get any worse. Every year we are wrong. We are reminded by Dave Barry in his annual Year in Review that we have just forgotten some of the really ridiculous occurrences of years past. As a reminder, if you thought 2016 was lame, think about 2003—when Paris Hilton, …

Lease Accounting: A White Paper on FASB Changes

In February, 2016, the Financial Accounting Standards Board (FASB) issued a new standard that requires tenants to recognize most rental contracts on their balance sheets. This is a significant change from the existing standard for lease accounting. The new standard is effective for interim and annual reporting periods beginning on or after December 15, 2018 for publicly traded companies and …

Future Growth Locations for the US Distribution Center Market

By Jim Hazard, SIOR and Susan Arledge, SIOR E Smith Realty Partners November, 2016 Many distribution center locations are driven by the results of a supply chain study. Other follow where competitors tend to locate and some simply select the major market hubs. While focusing on the obvious choice for a DC, too few select locations where the company will …

National Minimum Wage Increases Will Impact Distribution Center Logistics Costs

May 12, 2016 – by Brad Struck, SIOR, President of Industrial Services Rising minimum wages in cities and states around the country could have a negative impact on labor costs relative to distribution centers, e-commerce fulfillment centers and industrial building tenants. The cities in the map above have already approved increases in the minimum wage beyond the federal minimum of …

The Millennial Movement: How the Workforce’s Youngest Generation Will Shape the World of Commercial Real Estate

April 11, 2016 – 9:00am Jeff Bounds The phone rings constantly at Joseph Cahoon’s office at Southern Methodist University in Dallas. The director of the Folsom Institute for Real Estate at SMU’s Cox School of Business says the calls come from commercial real estate executives nationwide who need mid-level analysts with several years of experience. “Those don’t exist,” Cahoon says. …

Leveraging Millennials for Distribution Success

Feb. 3, 2016 – by Brad Struck, SIOR President of Industrial Services More than one-in-three American workers today are millennials (born between 1984 and 2004), and have now surpassed Generation X to become the largest share of the American workforce. This is definitely a generation worthy of consideration in the commercial real estate market. According to a recent report written by …