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Category Archives: Retail

Houston Leads the Nation in Retail Construction, Marcus & Millichap Reports

Houston is leading the nation in shopping center construction, according to the Marcus & Millichap real estate firm. In its second quarter retail research report, the firm predicted 3.3 million square feet of retail space will be completed in the Houston area this year, more than any other market in the country. Job growth is rather puny, but at least ... Read More »

Commercial Development Begins in Midway’s Memorial Green with Six Tenants Signed

HOUSTON – Midway, a Houston-based real estate development and investment firm, has signed six commercial tenants in Memorial Green, an upscale village of custom homes, shops and office space on Memorial Drive in west Houston. Memorial Green will feature 91 single-family luxury urban homes, a central green plaza and gated community parks, 50,000 square feet of Class-A office space with ... Read More »

Stream Realty Developing 108,000 SF of Retail Southeast of Houston in Pearland

PEARLAND, Texas – Stream Realty has broken ground on the Center at Pearland Parkway II, a 108,000-SF second phase of a power center in east Pearland. The 166,000-SF first-phase of the two-year-old center, located at the northwest quadrant of FM 518 and Pearland Parkway, is 95 percent leased. The Pearland Parkway has significant demographics and buying power, establishing it as ... Read More »

Thor Equities Developing Retail Center in Cinco Ranch, West of Houston

HOUSTON – Thor Equities is developing a 250,000-SF retail project anchored by a Lowe’s home improvement store in the Cinco Ranch community in Katy, west of Houston. “We are excited to welcome Lowe’s to The Shoppes at Cinco Ranch, which will be a center point for shopping, dining and entertainment for Cinco Ranch, one of the Houston area’s fastest growing communities,” said ... Read More »

Two-Story Westchase Retail Center Sold

HOUSTON – Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale of Briar Lake Village, a 36,607-square-foot, two-level retail center in Houston’s Westchase District. HFF marketed the property on behalf of the seller, Berkeley Land Co.  Briar Lake Village Inc. purchased the property for an undisclosed price. In 2007, HFF brokered the sale of the property to the seller. Briar ... Read More »

Inside the Loop: The Q&A with Mark Davis of Davis Commercial

HOUSTON – With “one of a kind” specialty retailers like Cheeky Vintage, Found, and Kuhl-Linscomb, Houston’s “inside the Loop” retail scene is thriving.  Virtually any time of day, the region is buzzing with shoppers who are partaking of the area’s eclectic shops and restaurants.  What makes the inner city scene so exciting?  What about the ever-changing shops along lower Westheimer?  ... Read More »

The Halal Guys Enter Houston Market

HOUSTON – The Halal Guys, a New York City restaurant group, plans to open several stores in the Houston market over the next few years. Transwestern represented The Halal Guys in a new retail lease totaling 1,483 square feet to accommodate its growing business located at 3821 Farnham Street, near Richmond Avenue and Shepherd Drive in Houston. Chris Reyes, broker ... Read More »

The Winners and Losers of Christmas Retailing 2015

(By Dale King) – HOUSTON — – During the 2015 holiday shopping season, a majority of bargain hunters braved crowds, parking woes, traffic jams and potentially foul weather to bring home the glistening gifts and much-wanted toys that delighted their kids and family members on Christmas morning. At the same time, many stayed home to tap-tap and click their orders into ... Read More »

Realty News Report Award: Best Retail Project of the Year

Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the smart professionals who are making them happen. Ralph Bivins’ Realty News Report ... Read More »

Five Regional Malls Bought for $1.1 Billion

DALLAS – A group including Dallas-based Centennial Real Estate Co., Montgomery Street Partners, the real estate investment affiliate of Blum Capital Partners, and San Antonio’s USAA Real Estate Co. acquired five regional malls from Westfield Corp. for $1.1 billion. The 6 million-SF portfolio has an average occupancy of 97 percent. The properties are: Connecticut Post Mall in Milford, Conn.; Main Place Mall ... 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 »

Smithco Development and Mischer Break Ground in Northwest Houston Area

CYPRESS, Texas – Smithco Development and Mischer Investments have joined forces to develop Cypress Creek Plaza, an HEB grocery anchored center on a 10-acre tract on the northwest side of Houston. The 51,000 SF center, slated to be complete in the summer of 2016, will have three pad sites facing Fry Road, near Tuckerton Road. The center will service growing ... Read More »

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