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Category Archives: Retail

Neiman Marcus to Anchor New Simon/Cassco Center in Fort Worth

FORT WORTH – Neiman Marcus will be the anchor tenant for a new 500,000-square-foot retail center that will be developed in Fort Worth by the Simon shopping center firm and Cassco Development Co. The center is part of the Edwards Ranch development. The 500,000 square foot shopping destination, called The Shops at Clearfork, will be anchored by Neiman Marcus and ... Read More »

Edens Agrees to Buy AmREIT for $763 Million

HOUSTON — Edens Investment Trust has agreed to acquire AmREIT Inc., a Houston-based real estate development firm for $763 million. AmREIT controls a number of significant retail centers and mixed-use projects including the Uptown Park, a Houston center that is undergoing a major redevelopment and high-rise densification. Edens will pay $26.55 per share in an all-cash transaction for AmREIT’s shares, ... Read More »

Huge Mixed-Use Infill Project will Feature Simon Outlet Mall, Multifamily and 600,000 SF Office on Southwest Freeway

HOUSTON – Street Level Investments is acquiring one of the largest infill sites in Houston for a mixed-use project that is expected to include a 400,000-square-foot Simon Premium Outlet retail center, 600,000 square feet of office space, 60 acres of multifamily development and a hotel. The 192-acre site, with an enormous half-mile of frontage on the Southwest Freeway, has been ... Read More »

71 Shopping Centers Sold for $2 Billion

BEACHWOOD, Ohio – A joint venture of DDR Corp. and an affiliate of Blackstone Real Estate Partners VII has acquired 71 shopping centers from American Realty Capital Properties, Inc. for $1.93 billion. Prior to the deal, American Realty’s  portfolio included almost 500 properties in Texas, including the Costco-anchored Greenway Commons center in Houston at the northeast corner of Richmond Avenue and ... Read More »

Fidelis Buys 112 Acres at Camp Strake for 750,000 SF Mixed Use

HOUSTON – Fidelis Realty Partners has acquired a 112-acre tract of prime retail property at the former Camp Strake site where it plans to develop a regional shopping, dining and entertainment destination spanning 750,000 square feet. Camp Strake was used as an outdoor recreation site by the Boy Scouts for many years until Johnson Development bought the camp in 2013. ... Read More »

Houston Retail Center Market Hot – And There’s Gobs of New Grocery Stores Coming

HOUSTON—Houston’s retail market posted its best overall occupancy rate in a decade as retailers continued to expand to secure locations in one of country’s economically healthiest metropolitan areas. As of mid-year 2014, the market posted an occupancy rate of 96 percent, the highest level to be reached in more than a decade, according to a study by the Weitzman Group ... Read More »

RNR Retail Center Report

(Compiled by RealtyNewsReport.com) — SAN ANTONIO -Tryperion Partners has acquired Gateway Plaza, a 138,510-square-foot community shopping center at the interchange of Interstate 35 and state Loop 1604 in San Antonio. The acquisition, which is Tryperion’s second of a San Antonio REO property in less than a year, includes additional land for future development. Tryperion, a private real estate investment firm, ... Read More »

AmREIT Eyes High-Rise Densification of Buckhead Center Just Acquired for $28 Million

HOUSTON— AmREIT Inc., a Houston-based REIT, is considering a high-rise redevelopment of a Buckhead shopping center it has purchased in Atlanta. AmREIT may be pursuing in Atlanta the same densification strategy is it pursuing in Houston’s Uptown District – tearing down one-story retail and replacing it with high-rise office, hotel or condo towers. AmREIT paid $28 million to acquire Tuxedo ... Read More »

No Surrender: Regency Centers Remains Interested in AmREIT Take Over

HOUSTON – Regency Centers Corp. hasn’t given up on a proposed merger with AmREIT of Houston. The two firms are shopping center REITs and AmREIT has significant realty holdings in the Uptown area of Houston. Last month, Regency made a bid to acquire Houston-based AmReit for $22 per share or $433 million. But AmREIT rejected Regency’s bid. However in a conference ... Read More »

Phillips Edison Purchases Retail Center in NW Houston

HOUSTON – Phillips Edison and Co., which specializes in grocery-anchored centers, purchased Spring Cypress Village, a 101,371-square-foot, grocery-anchored retail center in northwest Houston. HFF marketed the property on behalf of the seller, Delaware Life Insurance Company, formerly known as Sun Life Assurance Company of Canada (U.S.), through its advisor, Guggenheim Partners. . Spring Cypress Village is situated on 15.69 acres at ... Read More »

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