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Category Archives: Retail

Bass to Develop Three Buildings in Downtown Fort Worth

FORT WORTH, Texas — Three new mixed-use buildings are proposed for the Sundance Square district in downtown Fort Worth, according to the Fort Worth Star-Telegram. The three new buildings will have 221,000 sf of office space and 41,500 sf of retail space.  The first building will be located at 420 Commerce Street at Main Street. The developer is Ed Bass ... Read More »

Hines Sells Retail Center in Mexico

MEXICO CITY – The Mexico City office of Hines announced  the sale of City Center Pitic to MexFund S.A.P.I, a Mexico-based real estate investment firm.  Financials on the deal were not disclosed. The Mexico City office of CBRE represented Hines in the transaction, while MexFund was self-represented. The 188,063-square-foot, open-air retail center contains more than 60 shops, plus Walmart Supercenter ... Read More »

Inland Buys Houston Retail for $172 Million

HOUSTON – Inland Real Estate Acquisitions, Inc., the purchasing arm of The Inland Real Estate Group of Companies announced its $172 million acquisition of a five-property portfolio from NewQuest Properties in Houston and League City, Texas. The portfolio includes a variety of multi-tenant and single tenant assets with over 710,000 square feet of retail space. Four of the five properties ... Read More »

Houston’s Barrel-Shaped Lucky Burger Site Sold

HOUSTON – The Lucky Burger site, recognizable for its two-story beer barrel architecture, has been sold to a Braun Enterprises partnership, according to a report in the Houston Chronicle. The well-known hamburger joint is part of 1.4-acre parcel on Richmond Avenue at Mandell in the Montrose district in Houston’s Inner Loop. The property will be held for future redevelopment and ... Read More »

LaSalle Investment Enters JV With Midway in City Centre

HOUSTON –  LaSalle Investment Management, Inc. and Midway Cos. have formed a joint venture for the City Centre II and City Centre III mixed-use buildings in west Houston near the Katy Freeway and Beltway 8. CityCentre II is comprised of 128,499 square feet of office space plus 21,328 square feet of ground floor retail space.  The six-story property, which was ... Read More »

Eagle Ford Shale Drilling Prompts Mixed-Use Project

KENEDY, Texas – The Eagle Ford shale gas exploration play south of San Antonio has prompted Abrego Development to start Kenedy Station, a 166-acre mixed-use project. The drilling boom in the vast Eagle Ford Shale area has created a shortage of housing and retail services for thousands of workers that have come to South Texas to work in the energy ... Read More »

Crow Buys San Antonio Mixed-Use Project

SAN ANTONIO – Crow Holdings Capital Partners San Antonio’s first urban main street development, Quarry Village, for an undisclosed amount.  The  10.7-acre, mixed-use property includes The Artessa, a 280-unit luxury apartment community, and a 70,785-square-foot retail development. The seller, Embrey Partners of San Antonio and equity partner, Nationwide Insurance, was represented by Craig LaFollette of Holliday Fenoglio Fowler.  At the time ... Read More »

Santikos Starts Construction on 22-Screen Movie Theater in West Houston

HOUSTON – Santikos Theatres will build a 22-screen movie theater on 20 acres the firm acquired in west Houston in the master-planned community of Long Meadow Farms, located along Highway 99, The Grand Parkway, at the intersection of West Bellfort.   Santikos, a San Antonio-based firm led by John Santikos, will name the theater the Palladium. The movie complex will be part ... Read More »

Sawyer Heights Village Sold

Sawyer Heights Village retail center, located just north of downtown Houston near The Heights neighborhood, has been sold for $35 million to a joint venture of Inland Western Real Estate Trust Inc. and RioCan Real Estate Investment Trust. The 107,000-sf center, developed by Property Commerce, is anchored by Staples and PetSmart. Read More »

$700 million project underway in Washington DC

Hines has secured 100 percent equity financing for its $700 million project underway in downtown Washington, DC. Hines is building the project in a JV with Archstone. The anchor investor is Qatari Diar Real Estate Investment. (Qatari Diar), the real estate investment arm of the Qatari Investment Authority and the financing was put in place by Barwa Bank’s investment banking ... Read More »

The next Galleria?

Hines and Archstone will break ground next week on CityCenterDC, a mixed-use project at 11th Street and New York Avenue in Washington DC. Plans call for 458 rental units, 520,000 sf of office, 216 residential units for sale, 185,000 sf of retail, and 1,500 parking spaces. Future phases will include a hotel and additional office and retail. Read More »

Lease Brief

Inland Real Estate Acquisitions bought the 97,011-square-foot Waxahachie Crossing shopping center in Waxahachie, Texas for approximately $15.5 million. The purchase of the property, located 28 miles south of Dallas, was facilitated by Mark Cosenza, vice president of Inland Real Estate Acquisitions. In Houston, Pollo Campero restaurant leased 30,000 sq. ft. on .69 acres at 702 West Bay Area Boulevard. Mark ... Read More »

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