Texas commercial real estate service provider targets D-FW for new growth

As some North Texas commercial real estate companies plan cutbacks to prepare for an expected recession, a Houston-based company is expanding into Dallas-Fort Worth.

Partners Real Estate, already active in other major Texas metro markets, has opened an office in Uptown Dallas and is looking to expand its business in the area.

“As a Houston-based company founded 25 years ago with offices in Austin and San Antonio, our Texas roots run deep,” said Jon Silberman, managing partner of Partners, in a statement. “We are excited to offer the Dallas-Fort Worth area our distinctive blend of commercial real estate services and investments.”

Silberman said the timing of the move is spot on — even as real estate activity slows.

“We think the time to be aggressive and grow is during a market downturn, when other companies are letting people go and cutting costs,” he said in an email. “We found during COVID that we were able to attract significant talent while retaining all of our employees during this time, and that has positioned us well for the long term.

“We try not to look too closely at the near-term ups and downs of the economy and the market,” Silberman said. “As a long-term oriented private company, we know that the markets and the economy will always move up and down.”

The commercial real estate market in North Texas is dominated by some of the nation’s largest real estate services companies, including CBRE Group, Jones Lang LaSalle, Cushman & Wakefield, the Newmark Group, and others.

Dallas-based CBRE recently announced $400 million in targeted global cost reductions in anticipation of fewer transactions in the coming year.

And other real estate companies are also tightening their belts as the Federal Reserve continues to hike borrowing costs to fight inflation.

Even if the expected recession comes, real estate executives are optimistic that Texas and D-FW will outperform the rest of the US

“We are in Texas, which has benefited and will continue to benefit from significant migration from other parts of the country, where the cost of living and taxes remain too high for many businesses and individuals,” Silberman said. “In the coming expected slowdown, Texas will fare significantly better than those parts of the country and we remain bullish on Texas over the long term.”

Partners has leased an office in the 17Seventeen McKinney office tower north of downtown Dallas. And the company intends to continue expanding its footprint with future operations in Georgia, Tennessee, North Carolina, Colorado, Arizona.

Formerly known as NAI Partners, the company has significant offices in the Austin area, San Antonio and home in the Houston market. It bills itself as the largest commercial real estate company serving exclusively the four major markets in the state of Texas.

Partners offers comprehensive services ranging from real estate sales to office and industrial, multi-family and investor services.

Jon Silberman is a Managing Partner of Partners Real Estate based in Houston.
Jon Silberman is a Managing Partner of Partners Real Estate based in Houston.(Contribution / Partner Real Estate)

The commercial real estate market in North Texas is dominated by some of the nation’s largest real estate services companies, including CBRE Group, Jones Lang LaSalle, Cushman & Wakefield, the Newmark Group, and others.

Dallas-based CBRE recently announced $400 million in targeted global cost reductions in anticipation of fewer transactions in the coming year.

And other real estate companies are also tightening their belts as the Federal Reserve continues to hike borrowing costs to fight inflation.

Even if the expected recession comes, real estate executives are optimistic that Texas and D-FW will outperform the rest of the US

“We are in Texas, which has benefited and will continue to benefit from significant migration from other parts of the country, where the cost of living and taxes remain too high for many businesses and individuals,” Silberman said. “In the coming expected slowdown, Texas will fare significantly better than those parts of the country and we remain bullish on Texas over the long term.”

Partners has leased an office in the 17Seventeen McKinney office tower north of downtown Dallas. And the company intends to continue expanding its footprint with future operations in Georgia, Tennessee, North Carolina, Colorado, Arizona.

Formerly known as NAI Partners, the company has significant offices in the Austin area, San Antonio and home in the Houston market. It bills itself as the largest commercial real estate company serving exclusively the four major markets in the state of Texas.

Partners offers comprehensive services ranging from real estate sales to office and industrial, multi-family and investor services.

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