TREC Selects Garrett Marler for Associate Leadership Council
Congrats to Younger Partners broker Garrett Marler for his selection to the The Real Estate Council 2021 Associate Leadership Council. The ALC program spans 10 months of leadership development, executive coaching and a community service project. Way to go, Garrett! https://bit.ly/3ttmlbz
Younger Partners Spotlight: Trae Anderson
February’s Younger Partners spotlight is our 2020 Top Producer, Trae Anderson. Trae has been with Younger Partners since its inception almost nine years ago and is a Principal with the company. Trae is an avid golfer, history buff, crossword puzzle lover, and a trivia aficionado. He and his wife of eight years, Rachel, have an almost… Read more »
The Spread Between the Availability Rate and Vacancy Points
By Steve Triolet, Younger Partners Director of Research While most numbers like vacancy, net absorption and asking rates that are reported in our quarterly reports give a current pulse on the market fundamentals, there are a few that can be leading indicators of where the market is heading in the quarters ahead. One of those… Read more »
YP’s 2020 Top Producers
Congrats to the YP Top Brokers for 2020! Top Producers are Trae Anderson, Sean Dalton, Scot Farber, Jack Gail, Tom Grunnah, David Hinson, Ben McCutchin, John St. Clair and Tom Strohbehn. A new award this year goes to the broker who generated the most revenue by working with other YP brokers. Congrats to Michael Ytem… Read more »
D CEO Selects Nine YP Brokers to 2021 Power Brokers List
Congratulations to the Younger Partners brokers who made D Magazine‘s D CEO 2021 Power Brokers list. Included in the list for office leasing are Trae Anderson, Kathy Permenter and Sean Dalton. For land and commercial property sales are Scot Farber, Tom Strohbehn, Tom Grunnah, David Hinson, Ben McCutchin and John St. Clair. See the full list at: https://bit.ly/37PyBKZ
A Look at Office Sublease Terms (How Much Term is Left on the Master Lease)
By Younger Partners Research Director Steve Triolet With roughly 9.5 million square feet of office sublease space currently available, it’s important to take a look at how long the lease terms are for the various sublease spaces. Traditionally, subleases with 2 years or less of term left are very difficult to lease unless a direct… Read more »
Making Your Own Luck in Commercial Real Estate
Playmakers Talk Show Guest for the February 5th edition of PlayMakers Talk Show: Kathy Permenter, Co-Founding Partner, Younger Partners Subscribe to the PlayMakers Talk Show Podcast Kathy Permenter serves as co-managing partner and has a proven track record of creating value for her clients. Kathy is responsible for leasing select assignments and the overall performance… Read more »
Younger Partners Investments Acquires Grocery-Anchored Shopping Center
Younger Partners Investments (YPI) completed its first retail acquisition: Heath Town Center, a 77,669-square-foot grocery-anchored retail center at FM 549 and Laurence Drive in Heath. YPI is Younger Partners’ newest platform designed to acquire retail properties. YPI was launched in July 2020 to target retail properties from lifestyle to neighborhood centers throughout the Dallas-Fort Worth… Read more »
YP Spotlight: Elaine XU
YP’s January Spotlight is broker Elaine Xu, who focuses on land, industrial, office buildings and investment properties. The three-year YP veteran appreciates the teamwork and insightful mentors Younger Partners has to offer. She enjoys that every deal is different with much to learn from each one – from strategic thinking to negotiation tactics. On weekends,… Read more »
Sharing our Blessings with Toys for Tots
This year, YP collected new toys, bicycles, scooters and helmets for children from infants to teens for Toys for Tots. This organization’s primary goal is to bring the joy of the holiday season and send a message of hope to America’s less fortunate children.
YP Spotlight: Byron McCoy
Our December #YPSpotlight, Byron McCoy, is one of the nine partners at Younger Partners. He joined the company six years ago and focuses on third-party agency leasing and some sales transactions. Byron says what he enjoys most about his role is that every day, every transaction and every client is different. Getting a property to full occupancy… Read more »
How Can Office Rates Still be Rising?
By Younger Partners Research Director Steve Triolet Rates are a lagging indicator, in other words, they often don’t react initially to changing market conditions. Still, over the past few quarters, DFW office asking rates have remained stubbornly high, especially in comparison to other large markets like San Francisco and New York City (which have both… Read more »
Younger Partners Spotlight: Seyoum Amharay
Our November YP Spotlight is Seyoum Amharay. The YP Parking Operations Manager at Republic Center supervises both valet and self-parking activities; he enjoys meeting and engaging with tenants and customers. In his free time, he loves to cook and led the winning team in the YP 2019 Chili Cook Off despite never making chili before…. Read more »
DFW Office Sublease Space is Near a 5-Year Supply
By Younger Partners Research Director Steve Triolet It’s not really new that office sublease space across the US has been rising rapidly over the past 6 months. Dallas, like many markets, are seeing all-time highs. Currently, DFW has just under 9.3 million square feet available with some larger blocks likely to hit the market before year-end (Pioneer… Read more »
YPPS Takes Over Renaissance Tower Property Management
Younger Partners Property Services will take over the property management for the 56-story, 1,738,979-square-foot Renaissance Tower at 1201 Elm St. in Downtown Dallas effective Sept. 1. The Class A trophy office tower, located in the heart of the Dallas Central Business District, is a Dallas landmark known for its distinctive double “X” lighting and majestic… Read more »
The Spread Between the Availability Rate and Vacancy Points to Continued Negative Absorption Over the Next Few Quarters
With most properties taking roughly two years between breaking ground and occupancy, the construction pipeline takes time to shift from changing market conditions. Still, I think it is informative to see how the various property types have changed over the past few years, along with some data on the current under construction pipeline. As you… Read more »
YP Named to DBJ’s 2020 Best Places to Work
We did it! Younger Partners is one of Dallas Business Journal’s 2020 Best Places to Work. The winners were selected from several hundred companies and judged based upon the feedback from employee surveys. Thanks to our team for making this such a great place to work. A service company is only as good as its people and… Read more »
August YP Spotlight: Parker Morgan
Our August #YPSpotlight, Parker Morgan, joined Younger Partners as a summer analyst intern from 2015-2017 and became a full-time broker on the office team after graduating from A&M in January 2018. He enjoys learning more about the industry from the wealth of knowledge possessed by the YP brokerage team. In his downtime, Parker loves to golf… Read more »
Moody Younger in D CEO: Life Lessons From The Farm
The Younger Partners co-founding partner says his father’s “off your ass and on your feet” advice is resonating more than ever. BY MOODY YOUNGER PUBLISHED IN COMMERCIAL REAL ESTATE AUGUST 6, 2020 Obviously, it has been a weird year thus far. I don’t think that I am alone in finding it very frustrating. It seems that as we… Read more »
July YP Spotlight: Nancy Vang
Our July #YPSpotlight, Nancy Vang, joined Younger Partners in July 2019 as an accountant for multiple properties. She says she benefits from a great support system at YP from the office staff to property managers. In her downtime, she enjoys traveling, attending Korean Pop concerts, and playing poker. She is proud of her Hmong heritage;… Read more »