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Category Archives: Retail

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 – 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 »

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 »

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