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Category Archives: Retail

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 »

Retail and Real Estate: The Q&A with Vista Equities Group President Woody Mann, Jr.

  With energy prices in turmoil and layoffs mounting, there is obvious concern in in the Houston real estate industry. Realty News Report talked to Woody Mann, Jr., President, Vista Equities Group about the current situation. Founded in 1985, Houston-based Vista has been involved in the acquisition and/or development of 58 commercial properties with a market value of over $500 ... Read More »

Retail Centers are White Hot Investments as Occupancy Hits 10-Year High

HOUSTON – Prices for Houston retail properties jumped sharply in the last 12 months  – more than 20 percent in some cases, reports Deal Sikes & Associates, a Houston-based real estate valuation firm. “Even though Houston has been one of the nation’s leaders in population growth for some time, the pace of shopping center construction has been very modest in ... Read More »

Pollo Tropical Restaurants Expanding in Texas

HOUSTON – The Pollo Tropical fast-casual restaurant chain is expanding in Texas. “We set our sights on Texas in 2014 with the opening of our first location in Addison, and the response to our brand in the Lone Star State has been great,” said Pollo Tropical Chief Operating Officer Danny Meisenheimer. “We now have 19 Texas restaurants and have four ... Read More »

Economic Indicators: Pizza and Population

HOUSTON – More than 1,200 people a day relocate to Texas from other states, drawn by consistent job growth for the last four years. CBRE Research reports the population growth has an unforeseen side effect – an influx of pizza outlets. An excerpt from CBRE Marketflash: “Austin, Dallas/Fort Worth (DFW), Houston and San Antonio are among the fastest-growing metros in ... Read More »

Fidelis Realty Acquires San Jacinto Regional Mall in Baytown; Major Redevelopment Planned

BAYTOWN, Texas – A Fidelis Realty Partners affiliate has acquired the 1.2 million square foot San Jacinto Mall in Baytown for a major redevelopment. The mall, built in 1981, is located on the east side of Houston on 107 acres at the southwest corner of Interstate 10 and Garth Road, and is anchored by Macy’s, JCPenney and Sears. Houston-based Fidelis ... Read More »

Whitestone REIT Buys Austin Retail Centers for $45M

AUSTIN — Whitestone REIT of Houston has acquired Parkside Village North and Parkside Village South in Austin for $45 million. The two centers, near the entrance of the Circle C Ranch community off the Mopac Expressway, are 100 percent leased and contain a total of 117,146 square feet. “With this acquisition closed, we have now invested $135 million in the Austin ... Read More »

DDR Buys Houston Retail Center for $74 Million

HOUSTON – DDR Corp. acquired Willowbrook Plaza, a 385,000-square-foot power center located in northwest Houston for $74 million. The center, 17355 Tomball Parkway, is adjacent to Willowbrook Mall, one of Houston’s top regional malls. Anchored by Bed Bath & Beyond, the shopping center is 87 percent leased, said DDR Corp, a REIT based in Ohio. The seller was a venture ... Read More »

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