Realty News Report Covering Commercial and Residential News

HOUSTON – (By Dale King, Realty News Report) – Houston’s retail market racked up some pretty impressive numbers in the final quarter of 2018. But even by then, dark clouds were beginning to gather on the horizon. The Bayou City’s “retail sector ended 2018 strong with increased activity and a low vacancy rate of 5.3%,” says a report compiled by ... Read More »

BELLAIRE, Texas – (By Michelle Leigh Smith for Realty News Report) – Redeveloping one of the oldest shopping centers in the Houston area means losing some familiar tenants and getting new ones.  Bellaire Town Center, owned by the Shears family’s SDI Realty, has stood at the corner of Bellaire and S. Rice for almost seven decades. The centrally located shopping and ... Read More »

HOUSTON – (Realty News Report) – Charming Charlie, a Houston-based retail chain, has emerged from Chapter 11 bankruptcy after closing about 100 stores. “Today marks a fresh start for Charming Charlie as we emerge as a stronger, more focused organization that is better positioned to serve customers in our 264 stores across the country,” said Lana Krauter, Chief Executive Officer ... Read More »

HOUSTON – Fiesta Mart, a Houston-based grocery chain with 63 stores, is being acquired by Groupo Comercial Chedraui, a Mexico-based retailer, for $300 million. Chedraui already has 60 grocery stores in California and other states operating under the El Super brand name. The addition of Fiesta Mart makes the chain a strong national force in selling groceries to the Spanish-speaking ... Read More »

THE WOODLANDS, Texas – (Realty News Report) – The Howard Hughes Corp. recently broke ground on Lake Woodlands Crossing, a 62,565-SF retail center in The Woodlands Town Center. Lake Woodlands Crossing is located at the northeast intersection of Lake Woodlands Drive and Grogan’s Mill Road. Arch-Con Construction is the general contractor. CDA Architects designed the center, slated for completion late ... Read More »

HOUSTON – Charming Charlie, a Houston-based retail chain, plans to close a number of underperforming stores and reduce employee headcount at its Houston Corporate Support Center and Distribution Center. “By reducing the size and scale of our operations, we have the opportunity to stabilize the business,” Interim CEO Lana Krauter said in a press release. “We are working closely with ... Read More »

HOUSTON – Wu Investments, a Houston-based retail developer, has acquired Eldridge Lakes Town Center, a 36,000-SF retail center in northwest Houston at 6350 North Eldridge Parkway. The seller was Edifis Group. Wu is currently developing three retail properties in Houston. Its portfolio includes retail properties in Texas and Ohio. The Eldridge center, located 21 miles northwest of downtown Houston, is ... Read More »

HOUSTON – The NAI Investment Fund has acquired the Spring Park Village retail center from MetroNational Corp. The 76,409-SF Spring Park Village retail center is located on the north side of Houston at the intersection of Interstate 45 Cypresswood Dr, south of the Grand Parkway. The center is the first retail property acquired by the fund, which is the investment ... Read More »

HOUSTON – A 22-acre portion of Greenspoint Mall, including the old Macy’s store, has been acquired for the development of a truck stop, reports Houston real estate broker Jim Mattox of Jim Mattox Properties. The 1.4 million SF Greenspoint Mall in north Houston suffered through the closure of a number of a number of stores, including Macy’s, which shut down ... Read More »

HOUSTON – Westwood Financial Corp. acquired the Market at Lake Houston, a 102,000-SF retail center in the Atascocita area in northeast Houston. It is anchored by an H-E-B grocery. Rusty Tamlyn and Ryan West of HFF marketed the property, located on FM 1960 East. “This center garnered a wide level of interest, given its strong H-E-B sales and that very ... Read More »

PASADENA, Texas – Four new freestanding restaurants are being developed on an 8-acre site at the southeast corner of  Beltway 8 and Vista Road in Pasadena, according to Colliers International. The four restaurants are Razzoo’s Cajun Cafe, Red Robin, Chuy’s and Outback Steakhouse. The seller of the land, Fairplay Partners Ltd., was represented by Marshall Clinkscales of Colliers International. The ... Read More »

HOUSTON – (By Michelle Leigh Smith) – Some mornings, customers are queued up by 4 a.m. for a shot at purchasing the hottest release Social Status has to offer. One day, the shoe may be from the infamous Yeezy Boost lineup. Another day, the line is for a shoe from the self-proclaimed supernova Belgian designer Raf Simons. Release dates for ... Read More »