Author Archives for Neil Webbymonks

Baker Katz Purchases 850,000 SF Shopping Mall in Houston

December 21, 2018 6:20 pm Published by Comments Off on Baker Katz Purchases 850,000 SF Shopping Mall in Houston

HOUSTON — Houston-based retail firm Baker Katz has purchased PlazAmericas Mall, an 850,000-square-foot shopping destination in Houston. Formerly known as Sharpstown Mall, the property was built in 1961 and has undergone several renovations over the years. ...


10 Must Reads for the CRE Industry Today (Dec 21, 2018)

December 21, 2018 6:00 pm Published by Comments Off on 10 Must Reads for the CRE Industry Today (Dec 21, 2018)

Analysts worry the high amount of investment in self-storage properties may have outpaced demand for self-storage space, reports the Wall Street Journal. Forbes offers a 2019 real estate investment preview. These are among today’s must reads ...


PlazAmericas Mall has a new owner, for the most part

December 21, 2018 1:30 pm Published by Comments Off on PlazAmericas Mall has a new owner, for the most part

Nancy Sarnoff reports in the Chronicle that the former Sharpstown Center, more recently known as PlazAmericas has been soldto Houston commercial real estate firm Baker Katz. Well, most of it has: The purchase, she writes “does not include any of ...


Houston real estate developers acquire former Sharpstown mall

December 21, 2018 9:40 am Published by Comments Off on Houston real estate developers acquire former Sharpstown mall

PlazAmericas, the former Sharpstown shopping center that has struggled to find its footing as regional malls have fallen out of shoppers’ favor, has a new owner that wants to turn around the property while maintaining the ...


Houston real estate firm buys former Sharpstown Mall

December 21, 2018 9:30 am Published by Comments Off on Houston real estate firm buys former Sharpstown Mall

Houston’s oldest enclosed mall has a new owner. Houston-based commercial real estate firm Baker Katz bought PlazAmericas Mall, formerly known as Sharpstown Mall and Sharpstown Center, from Philadelphia-based RAIT Financial Trust (OTCQB: RASF), according to a ...


Nimble reboot

November 16, 2018 10:30 pm Published by Comments Off on Nimble reboot

Lidl is tweaking its U.S. expansion strategy – By Beth Mattson-Teig   It has been nearly 18 months since German grocery giant Lidl opened its first U.S. stores and boldly announced plans to have about 100 ...


Rtic, expanding beyond coolers, opens flagship store in Cypress

November 15, 2018 4:53 pm Published by Comments Off on Rtic, expanding beyond coolers, opens flagship store in Cypress

Rtic Outdoors has designed a flagship store that’s just begging to be Instagramed. Customers are greeted by a 24-foot “R” inlaid with a polar bear, the company’s logo. A Ford F-150 truck, displaying coolers, is parked ...


This Week’s Houston Deal Sheet

November 13, 2018 4:40 pm Published by Comments Off on This Week’s Houston Deal Sheet

HighTower Texas signed a 16K SF lease for its headquarters to 4400 Post Oak Parkway in Houston. The wealth management firm committed to an eight-year lease to occupy the 26th floor and plans on expanding services in Houston. HighTower Texas ...


Randalls continues retreat from competitive grocery market

October 30, 2018 7:16 pm Published by Comments Off on Randalls continues retreat from competitive grocery market

The Houston grocery chain Randalls will shutter three more local stores by year’s end as the company continues to struggle in the region’s hyper-competitive market. Randalls, a unit of the national supermarket company Albertsons, said Tuesday ...


This Week’s Houston Deal Sheet

October 30, 2018 4:38 pm Published by Comments Off on This Week’s Houston Deal Sheet

Amsterdam-based coworking company Spaces inked a 53K SF lease for the first three floors of Two Post Oak Central. This marks the second Spaces’ location in Houston, a market that is starting to pick up the pace ...


This Week’s Houston Deal Sheet

October 16, 2018 4:16 pm Published by Comments Off on This Week’s Houston Deal Sheet

Coming on the wave of an energy resurgence, one natural gas producer is expanding its footprint in Houston. BP Lower 48 inked a 91K SF lease at West Memorial Place at 15375 Memorial Drive in Houston. The company, wholly ...


American retail icon Sears files bankruptcy

October 15, 2018 4:46 pm Published by Comments Off on American retail icon Sears files bankruptcy

Sears, an icon of American retail for more than a century, filed for bankruptcy protection early Monday morning, the latest casualty of the headwinds facing brick-and-mortar retailers. The embattled department store chain, once the world’s largest, ...


One Year After Hurricane Harvey

September 14, 2018 2:35 pm Published by Comments Off on One Year After Hurricane Harvey

Houston developers wrestle with complex regulatory issues in the 100- and 500-year floodplains. By Kenneth Katz & Neal Wade of Baker Katz The Houston metropolitan area was hit particularly hard by Hurricane Harvey, with a tropical ...


How To Weather Hurricane Season

September 1, 2018 4:49 pm Published by Comments Off on How To Weather Hurricane Season

As the industry goes into a new hurricane season, retail property owners and tenants have had nearly a year to evaluate their responses to last year’s trio of hurricanes, which caused a record $202 billion in ...


What Did Houston CRE Learn From Hurricane Harvey? Industry Leaders Speak One Year Later

August 20, 2018 4:04 pm Published by Comments Off on What Did Houston CRE Learn From Hurricane Harvey? Industry Leaders Speak One Year Later

Nearly a year ago, Hurricane Harvey devastated Houston-area residents with historic flooding. Houston Strong, the city’s rallying cry for recovery efforts, held true through the year since Harvey hit Texan land on Aug. 26, 2017. The city ...


Discounting new discount concepts

July 10, 2018 4:57 pm Published by Comments Off on Discounting new discount concepts

With off-price player like Marshalls, T.J. Maxx, and Ross Stores entrenched as favored anchors for shopping centers, traditional anchors like Macy’s are finding it harder than they imagined to get in on the act. There’s more ...


American Furniture Warehouse buys sites for initial Texas stores

July 2, 2018 4:50 pm Published by Comments Off on American Furniture Warehouse buys sites for initial Texas stores

Colorado-based American Furniture Warehouse has purchased land in Katy and Webster for its entry into the Texas market. Houston-based Baker Katz represented American Furniture Warehouse in the transactions. “We worked diligently to secure high-profile sites within super ...


Pet Supplies Plus signs lease at former Quiltworks location at Jones, West roads intersection

June 6, 2018 1:40 pm Published by Comments Off on Pet Supplies Plus signs lease at former Quiltworks location at Jones, West roads intersection

Officials with the retail brokerage firm Baker Katz announced Pet Supplies Plus has signed a 10-year lease at 9431 Jones Road, Houston, the former location of Quiltworks. The 7,500-square-foot location will offer pet food, supplies and toys ...


Retail Owners Bet Big on Makeovers

May 22, 2018 2:45 pm Published by Comments Off on Retail Owners Bet Big on Makeovers

RECon attendees detailed strategies for major renovations and reported renewed interest in the sector from institutional capital sources. Judging by conversations with a few of the developers and project managers at RECon on Monday, a steady ...


Working With Expanding Chains

May 10, 2018 4:30 pm Published by Comments Off on Working With Expanding Chains

Many markets are seeing new concepts expand and grow. But are they doing it smartly? Here’s advice on working with expanding concepts to develop a smart plan of attack for a market. Interview by Randall Shearin ...


Restaurant Consumers Demand More Variety

May 8, 2018 5:05 pm Published by Comments Off on Restaurant Consumers Demand More Variety

Savvy entrepreneurs in the food and beverage industry are finding success by being ‘differentiators’ in product offerings and branding. From fast casual to fine dining, Americans’ appetite for more restaurant options is growing. The Bureau of ...


Villasport to Open 121,000 SF Athletic Facility

May 6, 2018 4:30 pm Published by Comments Off on Villasport to Open 121,000 SF Athletic Facility

KATY, TEXAS — VillaSport Athletic Club & Spa, an operator of upscale fitness clubs, will open a 121,000-square-foot athletic facility within Stableside at Falcon Landing, a 270,000-square-foot retail development in Katy. The facility will feature NBA-size ...


Retail rents rising, despite industry turmoil

May 3, 2018 4:30 pm Published by Comments Off on Retail rents rising, despite industry turmoil

Rent for Houston retail space has risen to an all-time high, despite a long-term decline in brick-and-mortar businesses. The average asking rent for Houston retail space during the first quarter rose to $16.90 per square foot, ...


This Week’s Houston Deal Sheet

February 20, 2018 3:47 pm Published by Comments Off on This Week’s Houston Deal Sheet

Global real estate investment management firm Heitman completed the acquisition of a 1.4M SF medical office portfolio composed of 17 buildings in seven states, with Texas taking the lion’s share. Sugar Land’s Medical Plaza I and II ...


A Retail Recalibration Throughout Houston

January 30, 2018 4:10 pm Published by Comments Off on A Retail Recalibration Throughout Houston

For retail tenants and developers alike, Houston’s Space City moniker could easily be interpreted as a kind of tongue-in-cheek double meaning, mainly because space is one thing Houston always has plenty of. Commercial developers have taken ...


Houston retail construction slows as online shopping accelerates

January 30, 2018 11:17 am Published by Comments Off on Houston retail construction slows as online shopping accelerates

Houston retail construction is tapering off as the rising popularity of online shopping gives developers some pause. An estimated 3.3 million square feet of new shopping centers are slated for completion across the Houston area this ...


Eco-Conscious Eatery Chooses Webster Center

December 29, 2017 4:53 am Published by Comments Off on Eco-Conscious Eatery Chooses Webster Center

WEBSTER, TX—X Team International partner Baker Katz acquired a 2-acre site in Webster earlier this year and has broken ground on two buildings, totaling approximately 15,000 square feet, which will include large outdoor patio seating and visibility to Bay Area Boulevard. ...