News

Learn how brokers evaluate land for commercial development by reviewing access, utilities, surrounding growth, and intended use before due diligence. Evaluating a land tract for commercial use is one of the first skills newer brokers and investors need to develop. The process starts well before formal due diligence. The early questions you ask abou...

Houston construction costs held flat in September 2026 but run 9.29% higher year over year. See what the data means for your CRE strategy. Construction costs in Houston did not spike in September 2026. They did not collapse either. According to Gallant Commercial's September S.I.T.E. Report, the construction basket moved just -0.08% month over mont...

Learn what happens after a letter of intent is signed in a commercial real estate deal, from due diligence and contract drafting to financing and closing. A signed letter of intent in commercial real estate confirms something important: both parties have agreed on price, timeline, and core deal terms. That alignment is real progress. It does not, h...

A brief reflection honoring the lives lost on September 11 and the lasting responsibility carried in the words We Will Never Forget. September 11 remains one of the most solemn days in our nation's history. More than two decades later, the weight of that loss has not diminished. We remember the lives taken, the families forever changed, and the fir...

Learn the fall commercial real estate planning priorities that help owners, tenants, and investors make stronger year-end decisions. Fall is when the most consequential commercial real estate decisions of the year take shape. Lease expirations, acquisition timelines, tax-sensitive dispositions, and portfolio adjustments all converge in the final mo...

Learn what a triple net lease covers, how NNN expenses affect your total occupancy cost, and what to clarify before signing a commercial lease.   A quoted rental rate on a commercial property listing appears straightforward. You see a dollar amount per square foot and assume that number represents your total occupancy cost. In many commercial ...

4,800-Square-Foot Commercial Property to Be Renovated as New Home for Play Pediatric Montgomery, Texas - August 14, 2026 - Newcor is pleased to announce the sale of 213 Prairie St. in Montgomery, Texas, a 4,800-square-foot commercial building situated on approximately 0.68 acres. Newcor Principal David Alexander represented the buyer, Maiden Prairi...

Turning a summer internship into a CRE career launchpad A successful commercial real estate internship advice playbook helps interns turn one summer of learning into years of career momentum by deepening relationships, documenting wins, and staying engaged with the industry after the program ends. The key is treating your internship as the first ch...

Commercial real estate across the United States is entering a period of significant change. With the average commercial building now more than 30 years old, many properties were designed for a different era—one with different tenant expectations, operating costs, workplace needs, and energy standards. As these buildings age, owners and investors ar...

Newcor is pleased to announce the successful leasing of two suites at 9950 Woodlands Parkway in The Woodlands, Texas. Representing the landlord, Northex, LLC, Newcor Principal Ryan Dierker and Associate Axel Hevener secured a long-term lease with Sunny Smiles Pediatric Dentistry, which will occupy the combined 2,884-square-foot space. Jordan Drott ...

The Katy-Fulshear area continues to experience tremendous growth, and a prominent local property is set to play a significant role in the community’s future. Newcor is pleased to announce the successful sale of the former Xscape Theatre property located at 26616 FM 1093 in Katy, Texas. Newcor Principal Rob Banzhaf and Associate Alexander Rizzotti r...

  Newcor Capital and Newcor Development are proud to announce the completion of a new self-storage facility along the Hufsmith corridor near The Woodlands. The project reached an important milestone with a ribbon-cutting ceremony held on Wednesday, June 17, marking the official transition from development and construction to active operations....

Strategic Montgomery County Land Sale Highlights Continued Growth in the Texas Commercial Real Estate Market Newcor is pleased to announce the successful sale of approximately 74 acres located at Lone Star Bend in Montgomery, Texas. The transaction was facilitated by Newcor Principals David Alexander and Josh Cheatham, who represented the parties t...

Newcor is pleased to announce the successful completion of a new lease transaction at Richards Road Business Park in Spring, Texas, continuing strong leasing momentum at the property. Newcor's Tanner Marsh and Josh Cheatham represented the landlord in securing a new tenant for Unit 19 at 25533 Richards Road, a flexible-use space within the bus...

At Newcor, we believe one of the most rewarding parts of our work is investing in the next generation of commercial real estate professionals. This summer, we’re excited to welcome three outstanding interns to the team: Hank Hewgley, Brett Lattimer, and Eduardo Rodriguez. Each of them brings a strong work ethic, curiosity, and a genuine interest in...

Celebrated our May birthdays for Tanner Marsh & Alex with a team lunch and great company! 🎉Even better, our summer interns got their first real taste of the Newcor culture — collaboration, connection, and a little dessert never hurts. Grateful for a team that works hard and enjoys celebrating together.

In commercial real estate, technology has changed how quickly we can research a property, identify ownership, and track market activity. But despite all of that, one skill continues to stand out year after year: the cold call. At Newcor Commercial Real Estate, we view cold calling as much more than prospecting. It is one of the most valuable ways w...

The Magnolia area continues to attract major residential development, and the latest land acquisition along FM 1488 is another sign of the region’s rapid growth. D.R. Horton has acquired 73 acres in Magnolia, Texas, with plans to develop a new residential community called Longleaf. Newcor brokers David Alexander and Josh Cheatham represented D.R. H...

Montgomery, Texas - May 13, 2026 - Newcor announced a successful land acquisition involving 12.2 acres located at 14840 FM 2854. Newcor brokers David Alexander and Josh Cheatham represented the buyer, Ken Milstead, in the purchase of the property. The acquisition of this 12.2-acre tract provides the buyer with a well-located land holding in a highl...

Newcor is pleased to announce another successful land acquisition involving 12.03 acres located at 1965 McCaleb Road in Montgomery, Texas. Newcor broker David Alexander represented the buyer, Ken Milstead, in the purchase of the property. The seller, Joyce Cheshire Estate, was represented by Larry Jacobs of Jacobs Properties. The acquisition provid...