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Houston Retail Construction Reaches Strongest Pace Since 2008

HOUSTON – Facing a shortage of retail space, shopping center construction is up sharply in Houston with the 2016 construction pace reaching its highest level since 2008, according to the Wulfe & Co. Annual Retail Survey. Wulfe reports 4.53 million square feet of new retail shopping center space will be built and opened in the greater Houston area in 2016, a ... Read More »

D-FW Retail Portfolio Sold: 11 Grocery-Anchored Centers

DALLAS – An affiliate of Pine Tree Commercial Realty bought a 756,865-square-foot grocery-anchored retail portfolio in the Dallas-Fort Worth Metroplex, the  CBRE Capital Markets’ National Retail Investment Group announced. The portfolio is comprised of 11 retail centers, each anchored by Tom Thumb. It is 97 percent occupied. The individual assets include: Heritage Heights in Colleyville Park West Plaza in Southlake Flower Mound Crossing and ... Read More »

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 »

Houston Retail Center Occupancy Rate at 96 Percent

HOUSTON – The Houston shopping center market shows “no noticeable effect” from the oil price downturn and city’s retail occupancy rate stands at 96 percent at midyear, according to a report by the Weitzman Group and Cencor Realty Services. “When the oil price slump began in the second half of 2014, some market watchers predicted that the retail market would ... Read More »

CBRE: Retail Activity Surges in Houston Suburbs

HOUSTON – Retail sales are up sharply in the suburbs of Houston, where a number of new retail centers are being planned, reports the CBRE Research. Five years of explosive population growth continues to drive consumer spending in the Houston region in both the dense urban core and rapidly expanding suburban counties. CBRE Research reported retail sales tax revenues climbed as ... Read More »

CBRE Acquires UCR of Dallas

DALLAS – CBRE Group, Inc.  has acquired United Commercial Realty (UCR), a Dallas-based commercial real estate firm specializing in retail services. UCR manages retail properties for institutional investors nationally and provides brokerage services for them and for leading retailers across Texas and other markets. “The UCR professionals are a wonderful addition to our team in Texas and our national retail brokerage and property management ... Read More »

Tamlyn Brokers Sale of Northline Retail in Houston

HOUSTON –Northline Commons, a 478,584-sf retail power center in Houston, has been sold, according to HFF. Northline Commons is a redevelopment of the Northline Mall that was originally built in the 1960s. Completed in 2009, the new center is 86 percent leased and anchored by Marshalls, Ross Dress for Less, Burlington Coat Factory, Conn’s and Palais Royal. The property is ... Read More »

Houston Power Center Sold

HOUSTON – HFF has closed the sale of The Crossing at Fort Bend, a 116,064-square-foot retail power center in Sugar Land, Texas. HFF marketed the property on behalf of the seller. MCOM SHOPPING CENTERS LLC purchased the asset for an undisclosed amount and Prosperity Bank provided third party financing for the buyer. The Crossing at Fort Bend is situated on ... Read More »

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