Texas (nearly) tops for commercial real estate (Chron.com)

Smiley N. Pool / Houston Chronicle

Smiley N. Pool / Houston Chronicle

By Nancy Sarnoff, Houston Chronicle

Texas lost its top ranking on a list of states with the most commercial real estate development activity to New York, a new report shows.

The Lone Star state placed second, generating 162,877 jobs and $4.34 billion in new projects and spending related to commercial real estate last year, according to the NAIOP Research Foundation’s report on how office, industrial and retail development contributed to the U.S. economy in 2012. Texas ranked no. 1 a year earlier.

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