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Category Archives: Retail

The Halal Guys Enter Houston Market

HOUSTON – The Halal Guys, a New York City restaurant group, plans to open several stores in the Houston market over the next few years. Transwestern represented The Halal Guys in a new retail lease totaling 1,483 square feet to accommodate its growing business located at 3821 Farnham Street, near Richmond Avenue and Shepherd Drive in Houston. Chris Reyes, broker ... Read More »

The Winners and Losers of Christmas Retailing 2015

(By Dale King) – HOUSTON — – During the 2015 holiday shopping season, a majority of bargain hunters braved crowds, parking woes, traffic jams and potentially foul weather to bring home the glistening gifts and much-wanted toys that delighted their kids and family members on Christmas morning. At the same time, many stayed home to tap-tap and click their orders into ... Read More »

Realty News Report Award: Best Retail Project of the Year

Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the smart professionals who are making them happen. Ralph Bivins’ Realty News Report ... Read More »

Five Regional Malls Bought for $1.1 Billion

DALLAS – A group including Dallas-based Centennial Real Estate Co., Montgomery Street Partners, the real estate investment affiliate of Blum Capital Partners, and San Antonio’s USAA Real Estate Co. acquired five regional malls from Westfield Corp. for $1.1 billion. The 6 million-SF portfolio has an average occupancy of 97 percent. The properties are: Connecticut Post Mall in Milford, Conn.; Main Place Mall ... Read More »

D-FW Retail Portfolio Sold: 11 Grocery-Anchored Centers

DALLAS – An affiliate of Pine Tree Commercial Realty bought a 756,865-square-foot grocery-anchored retail portfolio in the Dallas-Fort Worth Metroplex, the  CBRE Capital Markets’ National Retail Investment Group announced. The portfolio is comprised of 11 retail centers, each anchored by Tom Thumb. It is 97 percent occupied. The individual assets include: Heritage Heights in Colleyville Park West Plaza in Southlake Flower Mound Crossing and ... Read More »

Smithco Development and Mischer Break Ground in Northwest Houston Area

CYPRESS, Texas – Smithco Development and Mischer Investments have joined forces to develop Cypress Creek Plaza, an HEB grocery anchored center on a 10-acre tract on the northwest side of Houston. The 51,000 SF center, slated to be complete in the summer of 2016, will have three pad sites facing Fry Road, near Tuckerton Road. The center will service growing ... Read More »

CBRE: Black Friday Sales Expected to Rise 2.4 Percent

HOUSTON – Black Friday retail sales after Thanksgiving are expected to be up 2.4 percent over last year, CBRE Research reports. And lower cost travel may give consumers a bit more money in their pockets that can be used for Christmas shopping. Sharing (below) CBRE Research’s Marketwatch report on the dollars and cents of Thanksgiving (and Black Friday).  Cyber Monday ... Read More »

The Future of Houston and Its Shopping Centers: Q&A with Ed Wulfe, the Dean of Texas Retail Real Estate

When Ed Wulfe, chairman & CEO of Wulfe & Co., started out in the real estate business, a barrel of oil cost $1.50.  A lot has changed since 1963 in energy and retail. Considered the dean of retail real estate in Houston, Ed is the ‘go to guy’ for local, national and international retailers wanting to know about the Houston ... Read More »

CityCentre Beefs Up Retail Tenants

HOUSTON – Houston’s CityCentre district added several new retail tenants, lifting retail occupancy in the project to 90 percent. The leasing activity accounts for nearly 60,000 square feet. New retailers and restaurants include: Bowl & Barrel, H&M, Fellini Gelato & Caffé, Grimaldi’s Pizzeria and Madewell. CityCentre is a 6.4-acre mixed-use project near Interstate 10 and Beltway 8 in west Houston. ... Read More »

Edifis Group Buys Retail Center from Weingarten

HOUSTON – Edifis Group, a Houston-based real estate development and acquisition company focused on retail centers, purchased Palmer Plaza, a shopping center located in Texas City, south of Houston. The seller was Weingarten Realty, a Houston-based REIT. The shopping center, situated next to a new HEB grocery store, is located on 8.42 acres and spans 98,000 square feet. “We feel ... Read More »

NewQuest Building Retail Center in League City

HOUSTON – NewQuest Properties will be going vertical in mid-November on the first phase of Marketplace at Ninety-Six, a Kroger-anchored development on 36 acres in League City. Site work is underway at the intersection of TX 96/League City Parkway and Hobbs Road, less than one mile west of Interstate 45. The first phase, totaling $14.8 million, will be positioned on ... Read More »

South American Investor Buys Retail Center on Houston’s East Side

HOUSTON – The Fairmont Parkway Shopping Center has been acquired by a South American buyer, according to Transwestern. The 172,002-square-foot power center is located at the intersection of Beltway 8 and Fairmont Parkway in Pasadena, on the east side of Houston. Transwestern Senior Vice President Micha van Marcke; Director Paul Barile; Director Janice Sellis; and Chace Henke represented the seller, ... Read More »

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