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Category Archives: Retail

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 »

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 »

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