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Category Archives: Retail

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 »

Colliers: Houston Retail Vacancy at All-Time Low

HOUSTON – Houston’s retail vacancy hit a record low in the second quarter, according to Colliers International. Vacancy was 6.3 percent in the second quarter, down from 6.8 percent a year earlier. Houston’s retail market posted 1.2 million SF of positive net absorption in the second quarter. Some of the tenants who opened new locations during the quarter include Whole ... Read More »

BLVD Place Phase ll Nearing Completion

HOUSTON – Phase II of BLVD Place, a mixed-use development under construction in the Uptown area of Houston, is 80 percent leased, says Ed Wulfe, of Wulfe & Co., the project’s developer. Located on the southwest corner of Post Oak Boulevard and San Felipe, BLVD Place will feature retail, restaurant, office and residential components. The complex is scheduled to open ... Read More »

Regency Centers Offers to Buy AmReit for $433 Million

HOUSTON – Regency Centers Corp, of Jacksonville, Fla. has made a bid to acquire Houston-based AmReit for $22 per share or $433 million.  Both REITs have significant retail center portfolios. In a press release issued Thursday, Regency published its letter to H. Kerr Taylor, AmREIT’s chairman and CEO. “We are making this letter public because we feel that the potential ... Read More »

MarqE Retail Center Sold in Houston

HOUSTON – The Marq*E Entertainment Center, a 352,000-sf retail project, has been purchased by HCL-MarqE, LLC, an investment group reportedly affiliated with the Levcor organization. The property is located at the northeast corner of I-10 West (Katy Freeway) at Silber Road in Houston. JLL’s Capital Markets experts announced that the firm sold Marq*E project on behalf of Canyon Capital Realty ... Read More »

Shopping Center Market: “Strongest Landlord Market in 20 Years”

HOUSTON – Houston’s market for retail real estate is exceptionally strong with declining vacancies and rising rents. Colliers International reported Houston’s retail market posted 573,000 SF of positive net absorption in the first quarter. Some of the tenants who opened new locations during the quarter include Whole Foods Market, Spec’s, Rue21, Sears Outlet Center, Jack’s Carpet, and Mattress One. The ... Read More »

Texas Realty Alert: HAR Becoming a Statewide Website for Home Listings

HOUSTON – HAR.com, founded by the Houston Association of Realtors almost 20 years ago, will begin carrying listings of homes for sale across Texas. HAR has signed an agreement with List-Hub to make the Texas listings available in a beta version later this month. The statewide version of the website reportedly will be operating with the “Homes And Realtors” marketing ... Read More »

Retail Real Estate Hot in Houston

HOUSTON – Retail is hot in Houston. The occupancy rate is projected to hit an all-time high in 2014 and construction has re-ignited. An influx of new residents and a housing boom has awakened shopping center developers in Houston as new stores, restaurants and mixed-use projects pop up near new rooftops. A survey by Wulfe & Co. says 2.6 million ... Read More »

Kimco Buys Atascocita Power Center in Northeast Houston

HOUSTON –  Kimco Realty, based in New York, purchased the Atascocita Commons shopping center in northeast Houston from Cole Real Estate Investments. The 316,395-SF center power center is near the northwest corner of FM 1960, North Lake Houston Parkway and Atascocita Road. At the time of sale, the center was 99.2 percent leased to leading retailers such as Ross, Kohl’s, ... Read More »

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