Welcome back investors! In Wednesday’s commercial real estate news – we’ll look at hurricane Harvey’s likely effect on Houston’s commercial property market, how the Chinese policy wall slows investment capital bound for US assets, what are the top five cyber-security threats to real estate businesses, and more.
Houston’s office and retail real-estate markets are likely to get hurt by lost business in the weeks and months immediately following Hurricane Harvey.
Chinese investment in U.S. property markets dropped 7 percent year-over-year to $5.4 billion in the first half of 2017, according to Real Capital Analytics.
There is no federal law requiring real estate businesses to implement information security programs. That has led to real estate businesses having vulnerable systems.
A poll of nearly 1,000 readers of NREI completed between Aug. 25 and Aug. 28 revealed that 60.4 percent of respondents disapprove of the president’s job performance.
Boyd has managed more than 5 million square feet of transactions. He represented WorldPay in its 130,000-square-foot global headquarters relocation to Atlanta.