Skywalker Property Partners Sells 67,161 SF Manufacturing Building in South Houston
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. Houston transaction velocity has been concentrated in industrial and Class A multifamily in the energy corridor and inner loop. Office remains a basis play. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
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On the RET wire
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HOUSTON — Texas-based investment firm Skywalker Property Partners has sold a 67,161-square-foot manufacturing building in South Houston. The building at 14211 Industry St., which was constructed in 1968, was fully lea…
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