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Category Archives: Retail

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 »

The Donut Wars: Dunkin’, Krispy Kreme and Shipley’s Dukin’ It Out in ‘The Do-Nut Belt’

HOUSTON – The Donut Wars are getting hot and heavy (and sugary) in Houston, the buckle of the donut belt. Krispy Kreme just announced it was returning to the Houston market after pulling out and closing its stores seven years ago. Dulce Restaurants reached an agreement with Krispy Kreme to open 10 new Krispy Kremes in Houston over the next ... Read More »

Northwest Houston Retail Center Sold Off by Weingarten

HOUSTON – USA Properties has purchased the Northwest Crossing Centre, a 179,469-sf, fully leased shopping center in northwest Houston. The center is anchored by Best Buy, Marshalls, Big Lots and Shoe Carnival. The seller was Weingarten Realty. Jones Lang La Salle Managing Director George Cushing and Vice President Wendy Vandeventer led the JLL Capital Markets team on the transaction. Executive ... Read More »

Austin Group Buys Properties in Central Texas

AUSTIN – World Class Capital, an Austin-based private investment firm, has acquired a retail center in San Antonio and purchased State Flats, a 162-unit student housing community in San Marcos, Texas near Texas State University’s main campus. State Flats is located on Aquarena Springs Drive with additional frontage on IH-35, one of the most traveled highways in Texas. “State Flats ... Read More »

Strong Economy Ignites Boom in Texas Retail Center Valuations

HOUSTON – Exceptional job growth, population gains and improved retail fundamentals have significantly elevated the sales prices for shopping centers in Texas over the last year, according to Deal Sikes & Associates, a Houston-based real estate valuation firm. Some retail properties have increased in value more than 20 percent in 2013, compared to last year, said Matthew Deal, principal at ... Read More »

REIT Buys the Most Flamboyant Shopping Center in Texas

By Ralph Bivins HOUSTON – The Portofino shopping center, one of the most ambitiously designed shopping centers in Texas, has been acquired by the Kite Realty Group Trust. Borrowing from the architecture of Venice, Jefco Development Corp., a Houston retail center group led by Jim Fisher, developed Portofino in 2000. The center features Roman fountains, canals, courtyards and waterfalls. Its buildings ... Read More »

Vista Equities Building 73,000 SF Phase III at LaCenterra in Cinco Ranch: a Trader Joe’s Plus Class A Office

HOUSTON – Houston-based developer Vista Equities Group has broken ground on development of Phase III of LaCenterra at Cinco Ranch in Katy, on the far west side of Houston. The Phase III will consist of 37,000 SF of retail space, anchored by Trader Joe’s grocery, 36,000 SF of Class A office space and a parking garage. Hoar Construction will be ... Read More »

Grocer Aldi to Build 650,000 SF Facility in Rosenberg Near Houston

ROSENBERG, Texas – Aldi Inc., a leading low price grocer will build a 650,000 sf distribution center and divisional headquarters in Rosenberg, a community located southwest of Houston. The new ALDI facility in Rosenberg will serve the company’s emerging Houston market. As of May 2013, Batavia, Illinois-based ALDI had opened 12 new stores in the Houston area, and plans to grow ... Read More »

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