Feb
03

Retailers are eager to take spaces left by bankrupt chains like Big Lots and Party City
As chains like Big Lots, Joann and Party City pursue bankruptcy, real estate executives from Burlington to Planet Fitness and Barnes & Noble are champing at the bit to take their empty spaces. 2024 was a
Jan
15

The Evolution of the Texas Drugstore
By Jason Baker, principal at Baker Katz If you look back about 150 years or so, drugstores have played a big role in communities nationally and across Texas. From the beginning with small corner pharmacies to
Jan
14

When Will New Space Deliver and What To Do To Prepare for That Day
An excess of retail space pre-COVID yielded to a dearth of it. Now, the industry has finally started a measured march to equilibrium. Forecasts show a small uptick in new retail construction planned for 2025 and
Sep
17

5Qs for broker Jason Baker on Houston’s food & beverage scene
For the past 20 years, Jason Baker has helped retailers the likes of Darden Restaurants, Cava, and Fox Restaurant Concepts expand in the Houston metro. Like many retail real estate brokers, a good part of his
Sep
14

Sharpstown Mall opened 63 years ago. After a successful rebranding, it’s as popular as ever
Frank Sharp celebrated the opening of Sharpstown Center, Houston’s first enclosed air-conditional mall, on this day in 1961 with a crowd of 8,000 and a speech by Ted Kennedy, the brother of the then-president. Sharp, who
Jun
28

Analysis: Bringing retail back into the lending fold
Goldman Sachs’ newly originated loan on the retail component of 680 Madison Avenue in New York demonstrates the changing opportunity set for the sector. The fortunes of the retail sector appear to be rising, with lenders
Jun
18

Grocery Stores’ Enduring Appeal to Shoppers, Investors and Developers
Space for lease in grocery-anchored, mixed-use development with small shops, multifamily and office centrally located across the street from entertainment venue. Sound like a desirable retail location? Don’t call the broker until you get a look
May
29

Open-Air Centers Have Changed: Take a Look at What’s Coming out of the Ground Now
Today’s ground-up open-air projects differ from those of earlier eras. The changes — including ramping up outparcel tenants, focusing less on big-box anchors and adding spacious lawns, plazas and patios — offer a glimpse into the
May
22

First-to-Market Retailers Make Their Way to Houston
LAS VEGAS — The Houston retail market has been strong for years now and consumers in Houston — like many parts of the country — are very resilient. As a result, Jason Baker, principal with Houston-based
Apr
01

Checking in on Houston
A roundtable discussion reinforces the notion that the Bayou City remains a fascinating market that embraces economic evolution and discovery without compromising its roots. Historically, the fortunes of many commercial real estate endeavors in Houston have
Dec
12

Mixed Shopping Cart for Retail: ICSC Show Report
Construction challenges, retailer demand and the prospects for 2024 were the talk of the organization’s annual New York City event. Attendees at ICSC’s annual New York City conference presented a wide range of impressions of the
Sep
09

5 Experts Weigh In on Consumer Spending, Retail Development, and Recession Through the End of the Year
Americans increased their purchases in July, a sign that solid consumer spending is still powering a resilient U.S. economy. Retail sales rose a better-than-expected 0.7% from June to July, according to the most recent report from
Aug
30

5Qs for broker Kenneth Katz on Houston, the nation’s retail build leader
With residential construction on the rise, as well, Katz figures the Clutch City to be a retail destination for years to come. Houston is hot! Well, temperature-wise, of course. But it’s been America’s most torrid retail
Aug
10

Delivering Change
The rapid and continuing evolution of F&B delivery is shaking up the industry By Jason Baker, Principal at Baker Katz It is hardly a new or novel observation to say that COVID was massively disruptive to
Jul
26

Which retail and restaurant brands will be hot for 2024? — part 2
Every month, we reach out to retail industry leaders in order to gain their perspective on the market. This month, we asked: Which retailers/restaurant brands do you predict will be “hot” as we head toward 2024,
Jun
16

What retailers or restaurants will be prioritized by consumers in a future economic downturn?
Every month, we reach out to retail industry leaders in order to gain their perspective on the market. This month, we asked: Which types of retailers/restaurants do you think will be prioritized by consumers in the
May
11

What Texas Retailers Should Consider When Contemplating Conversions, Expansions
By Jason Baker, principal at Baker Katz When a national retail or restaurant brand acquires another prominent national name, the move might initially seem to make a great deal of sense — especially when there are
Apr
03

Why retailers are embracing fixed CAM costs
It’s been an eventful few years for the retail industry, to put it lightly. While our industry is changing in visible ways in response to post-pandemic pressures and opportunities, there are some lesser reported, but increasingly
Mar
09

The Fixed is In
The growing appeal and prevalence of fixed CAM. At a time when so much of the retail industry is changing in very visible and sometimes dramatic ways in response to post-pandemic pressures and opportunities, one of
Feb
17

Retail Subleases, Benefits, and What to Watch Out For
Few retail landlords like the idea of vacant space in their centers. But sometimes a tenant defaults or vacates early, leaving behind dark space. One way to avoid this is when the tenant turns into a
Jan
27

Insight: Small businesses wanting to relocate in Houston are having a tough time. Here’s why.
For small businesses trying to relocate or expand in the Houston area, it’s a tough time to be looking. Houston’s retail occupancy rates hit a six-year high in 2022 — 94.7 percent, according to commercial real
Jan
27

Pandemic proves far from fatal for brick-and-mortar business
The pandemic was supposed to kill brick-and-mortar retail, which had struggled for years against online competitors. As stores shuttered and malls emptied, online shopping only became more entrenched, and customers only more accustomed to clicking, buying
Jan
04

Greatest Accomplishments of the Past Year
With a new year on the horizon, Commerce + Communities Today contributing editor Joel Groover asked eight decision makers from across the Marketplaces Industry to share their proudest moments from 2022, a year characterized by strong
Nov
29

Fitness Centers Boost Consumer Visits and Spending at Marketplaces
Data shows malls and shopping centers see increased cross-shopping, more visits during nontraditional hours and greater spend per visit at locations where consumers routinely come to stay in shape. A retailer located in a shopping center
Nov
28

Is Brick and mortar retail dead? Far from it, investors and retailers say
The pandemic was supposed to kill brick-and-mortar retail, which had struggled for years against online competitors. As stores shuttered and malls emptied, online shopping only became more entrenched, and customers only more accustomed to clicking, buying
Sep
26

4 Things Retailers Can Do to Prepare for Holiday Shoppers
With a competitive shopping season just a couple of months away, brokers and e-commerce executives share their tips for small businesses looking to stand out. Even though we’re only at the tail end of summer, retailers
Sep
09

5Qs for Jason Baker about retail expansion in Houston
Houston is big and getting bigger, says one of the top retail real estate brokers in the market. Retailers looking to expand in the Lone Star State think Dallas first. The rampant corporate and residential expansion
Jun
27

Baker Katz buys League City retail center near future destination developments
By Florian Martin – ReporterHouston Business Journal Houston-based commercial real estate firm Baker Katz has acquired a shopping center adjacent to League City’s planned 70-acre Riverview mixed-use development. The firm purchased the 108,000-square-foot Pecan Park Plaza
Feb
02

As COVID-19 pandemic approaches 2-year mark, experts weigh in on future of restaurants
The Covid-19 pandemic has continued to be a challenge for the restaurant industry. Omicron, the most recent strain of the virus, has been the latest threat to restaurants due to high transmissibility resulting in an explosion
Jan
16

Houston: Brick & Mortar is Back! Jason Baker Shares Why Retail is Red Hot
Left for dead in the early days of the pandemic retail has bounced back in a big way, particularly in Houston, due to specifics about the city and its growth. In our 100th episode, HBJ Managing
Dec
10

Welcome to ICSC: Attendees Tell Us They Are Thrilled to “Make in Person Deals Happen”
In advance of today’s big ICSC Here We Go 2021 conference, GlobeSt.com caught up with a few attendees on what they look forward to at this year’s live event. LAS VEGAS — “I’m Thrilled to have
Oct
15

Houston mall reverses fortune with focus on Hispanic community and local shops and services
By Steve McLinden, Contributor | Commerce + Communities TodayOctober 15, 2021 The first fully air conditioned mall in Houston has a new kind of cool. The 60-year-old PlazAmericas, one of the city’s first fortress malls is
Jul
29

Retail wrap: Phenix Salon Suites, Jeremiah’s Italian Ice, Jiffy Lube ink new locations
Phenix Salon Suites leased 7,500 square feet in Gateway Memorial City, at 947 Gessner, from MetroNational. It will be the second location for franchisees Greg and Susan Gordillo after opening in Katy in 2019. The business
Jun
11

As business surges, new retailers struggle to find places to build, real estate exec says
With an economy that is beginning to recover as more people become vaccinated, retail is recovering, too, in nearly all sectors. Jason Baker, principal at Houston-based commercial real estate firm Baker Katz, said he’s seeing retail
Jun
02

Food & Beverage Industry Returns to Growth Mode in Houston
At a time when commercial real estate professionals see promising COVID-19 metrics and a better-than-expected vaccine rollout as signs that the end of the pandemic is near, it’s natural to examine where some of the most
May
15

How H-E-B, other Houston retailers are responding to new CDC mask guidance
Not much has changed – yet – on the mask front for retailers, many of which were re-evaluating their mask policies on Friday, a day after the Centers for Disease Control and Prevention eased its guidelines.
Apr
09

New breed of retailer helps malls experience a revival
Seventy-foot spaceships and intergalactic tunnels now occupy a 40,000-square-foot space in Village at the West Oaks that once housed shelves brimming with bedding and home goods. Gone is traditional big-box retailer Bed Bath and Beyond, and
Apr
06

Report projects 80,000 store closings in coming years
While the pandemic has made it impossible for some retailers to stay in business, a new report suggests tens of thousands of retailers could disappear in the coming years. The problem, according to investment bank UBS,
Mar
23

Houston traffic is back, and that’s a good sign for the economy
(Cover Photo: Carl Carlock, left, goes through the order line at Cleburne Cafeteria on Thursday, March 18, 2021 in Houston. The Restaurant has seen an increase in business by about 20 percent over the last month.)
Mar
23

Oil bust, and pandemic, leave Houston with nation’s highest office vacancy rate
HOUSTON – As oil prices inch back up from a terrible year, and Covid vaccines offer hope that the pandemic will be beaten, Houston’s commercial real estate business is far from recovered. The city has more
Aug
20

As the once-dominant Sears fades from Houston’s memory, new retailers rise in its place
The Midtown Sears is being converted to a tech hub. Crews are tearing down the Memorial City Sears in West Houston. Now, the freestanding Sears on North Shepherd, the last active Sears department store in the
Aug
13

The pandemic is forcing stores to close, and limiting choices for consumers
HOUSTON – Travelers around Houston will notice a growing number of buildings and storefronts that are empty, and the pandemic slowdown is likely to change where and how we spend our money. By comparison: in March,
Jun
02

Amid COVID-19, Texas Retail Owners Have Tenants’ Backs
As COVID-19 disrupts the American economy, healthcare system and way of life, retailers and restaurants — the commercial real estate users whose very profitability and essence thrive on social congregation — have already been pegged as
Apr
21

Communication technologies put to work during COVID-19
Even after shelter-in-place mandates, Dallas-based Weitzman closed several retail leases using digital aids, spokesman Ian Pierce said. For example, Weitzman and a national insurance tenant signed a lease in March using digital signing tools, including digital
Mar
27

COVID-19: Collaboration and communications among retail real estate stakeholders
“No one had a pandemic plan in place, but they are quickly developing them in terms of deep-cleaning methods and controlling crowds at essential-services retailers, which are actually thriving,” said Jeff Pandolfo, a leasing director for
Feb
14

Sears reportedly to close two more Houston-area stores
The Sears at Deerbrook and Willowbrook malls are reportedly closing, opening up a rare opportunity for the malls to redevelop a large portion of its retail space. The closures would join Sears locations that have shuttered
Oct
08

5Qs for Jason Baker about Houston
Born and raised in Texas, a graduate of Texas A&M, and having spent 15 years serving retailers in the Houston market as a principal of the Baker Katz real estate brokerage, Jason Baker knows the Lone
Sep
17

Academy Sports unveils new store prototype amid growing competition
Academy Sports + Outdoors on Monday opened a store in Richmond with a revamped floor layout and design, part of the Katy athletic retailer’s initiative to improve customers’ shopping experience amid increasing brick-and-mortar and online competition.
Sep
10

New Tenant Mixes Drive Retail Redevelopments
A persistent need for a tenant mix that is resistant to e-commerce and which facilitates a unique, authentic experience is prompting owners of older retail centers and malls to assume high levels of risk and redevelop their
May
10

Retail wrap: Jamba Juice, Tropical Smoothie Cafe, TJ Maxx, Pet Supplies Plus grow Houston area store counts
Jamba Juice’s new store at 9303 Highway 6 in Missouri City is one of nine locations in the Houston market.Photo: Jamba Juice Jamba Juice has opened at 9303 Highway 6, at the entrance of the Sienna
May
10

A Closer Look at What Retail’s Future Might Have in Store
GlobeSt.com catches up with Baker Katz executives on the popularity of utilizing geofencing to assist retailers with site selection and for shopping center awareness among other things in preparation for the upcoming ICSC RECon conference later
May
08

THE SHIFT TO LOCAL IDENTIFICATION
The inclusion of boutique and independent retail has shifted from a curiosity to a priority. By Lunden McGill & Ben Brown, of Baker Katz. In cities around the country, growing numbers of developers are prioritizing the
Apr
22

Experts Talk RECon; New Emerging Concepts and Power Centers
The 2018 edition of ICSC’s colossal RECon convention is gearing up and GlobeSt.com chats with a few expert sources on their expectations and predictions for the show. “At neighborhood strip malls and power centers, big box
Feb
02

Big Gains For Small Shops
Open-air landlords report strong growth among mom-and-pops Small-shop tenants took a hit when credit dried up after the 2008 financial crisis. Now, a decade later, some landlords are reporting record-high occupancies and rents for these operators,
Feb
01

New H-E-B In The Heights To Improve Shepherd Drive’s Appeal
H-E-B opened a multistory location in the Heights this week, and it is expected to significantly increase the appeal of the Shepherd corridor. The new 92K SF store, at 2300 North Shepherd Drive, includes a two-story parking structure, 50 bike-rack
Dec
29

Food, Beverage Users Drive Retail Markets
From first-to-market concepts to established chains, eateries and bars are propelling retail absorption in each of Texas’ major markets, say retail brokers. Over the past couple years, retail investors and developers have begun paying special attention
Dec
21

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
Nov
16

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
Nov
15

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
Nov
13

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
Oct
30

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
Oct
15

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,
Sep
14

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
Sep
01

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
Aug
21

Whole Foods 365 store a ‘strong statement’ for Independence Heights
For decades, Mardie Paige drove 10 minutes out of her neighborhood to shop at Kroger stores in nearby Heights and Oak Forest. There were no major grocery stores in the traditionally African-American neighborhood off the North Loop,
Aug
20

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
Jul
23

Development near Baybrook Mall snags 4 restaurant leases including Hopdoddy, Snooze
Several restaurant chains are heading out to southeast Houston near Baybrook Mall. Hopdoddy Burger Bar, Snooze, an A.M. Eatery, Mod Pizza and Main Squeeze Juice Co. inked leases at a new shopping center at 820 Bay
Jul
10

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
Jul
03

Open Retail Space in Houston – Fox26
Jun
15

Why the massive gyms? It takes a ‘village of health’ to battle obesity
Luxury athletic clubs in the Houston area are bulking up in size and amenities, part of a national trend to capture the growth in fitness spending. Life Time just opened one of the region’s largest gyms,
Jun
04

Listen: What Randalls’ store closures mean for Houston’s grocery landscape
Download Randalls — once the go-to store for grocery shopping in Houston — has been edged out over the years by its competitors offering lower prices and wider selections. The homegrown company, now a subsidiary
May
22

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
May
08

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
May
03

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,
Feb
28

Houston’s Grand Parkway offers 184 miles of future retail construction
Retail observers would be hard-pressed to name a loop, high street, highway or byway in any large American market that is a bigger hotbed of retail development than Greater Houston’s aptly named Grand Parkway. When completed
Jan
30
What’s ahead in 2018? Houston business likely to grow, not boom
What will 2018 bring to Houston’s bustling business community? We turned to some of our reliable sources for their observations and predictions for the year to come. Here’s a compendium of what we learned: Economy to
Jan
30
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
Jan
22
Amazon Opens Prototype 1,800 SF Checkout-Free Grocery Store in Seattle
SEATTLE — Amazon.com Inc. (NASDAQ: AMZN) has opened the first location of Amazon Go, an 1,800-square-foot mini grocery store in Seattle that allows customers to shop without waiting in checkout lines. The store was open exclusively
Dec
19
Keeping It Short – Shopping Centers Today
Tenant leases are ending sooner as landlords get more innovative about their space By Steve McLinden Retail product cycles are not the only shrinking index in the shifting shopping center landscape. Leases, too, are getting
Oct
25
Houston Brokers see potential slowdown in retail developments in 2018
Houston may see a slowdown in retail development in 2018 – but that probably isn’t a bad thing. “Two years ago, there was no end in sight (to retail developments),” said Jason Baker of Baker Katz
Oct
24
Mid-Week in the South and Mountain Regions
Here’s a look at the trends, announcements and deals you may have missed at the mid-week point in Texas, New Mexico, Colorado, Oklahoma and Arkansas. NEWS AND NOTABLES AUSTIN, TX—Legend Communities and Crescent Communities announced Rough
Aug
30
Digital Distraction: E-Commerce Myths & Realities
As the line between click-and-order and brick-and-mortar continues to blur, our preoccupation with the impact of online retail misses the point, an industry veteran contends. The narrative is so well established that even those outside the
Jul
25
Middle Market Digest: Mid-Week In The South And Mountain Regions
Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas. NEWS AND NOTABLES SAN ANTONIO—Texas business executive Weston Martinez, a member of the Texas Real
Jun
20
Are Mid-Level Retailers In Trouble?
According to Jason Baker, principal with Houston-based retail brokerage Baker Katz, mid-level retailers that don’t offer a unique or private label product are going to get hurt more and more in the near future. by Natalie
Jun
12
Houston to be a part of Aldi’s nationwide expansion plans
Discount chain is eager to expand beyond its Midwestern stronghold, and its local growth has been speedy By Dylan Baddour Grocery discounter Aldi will invest $3.4 billion to expand its U.S. presence by 900 stores in
May
29
Online Conundrum
Landlords and tenants grapple with how to calculate rents based on omni-channel sales By Joel Groover What would happen if a basic question in the shopping center business – exactly how much money a store makes
May
26
Total Wine flexes muscle in Houston’s spirited spirits battle
By Andrea Rumbaugh Total Wine & More is taking over two Houston-area Goody Goody liquor stores as the Maryland-based company continues its aggressive growth and goes head-to-head with local stalwart Spec’s. Goody Goody spokesman Armando Gonzalez
May
14
Amazon Effect
Retailers are positioning themselves as the online giant’s brick-and-mortar ambitions unfold By Joel Groover Speculation about the real estate role of Amazon.com is growing as more information emerges about its closely held plans for U.S. stores.
May
04
Grocery Wars Intensify in Texas
Jason Baker, founding partner of Houston-based retail brokerage rm Baker Katz, credits this trend to the efforts of traditional grocers such as Kroger and H-E-B to diversify their product lines and service offerings. “Twenty years ago,
May
01
Online Conundrum
The Landlord forgoes base rent and collects only percentage rent as a way to prop up tenants at risk of going dark. And in yet another scenario, percentage rent kicks in as a result of the
Apr
28
Opportunities for construction lending
After taking a hit post-recession, construction and development lending is accelerating once more, but community banks are proceeding with caution. By Beth Mattson-Teig Construction loans that all but disappeared in the wake of the recession are
Mar
08
Theater Wars Light Up The Big Screen
HOUSTON—A new generation of experiential movie theater concepts is departing with industry conventional wisdom and beginning to change mixed-use development calculations, says Baker Katz in this EXCLUSIVE. HOUSTON—While going to the movies has always been an
Feb
26
Developers stir ‘sleeping giant’ in northeast Houston
Houston’s housing market over the last few decades has expanded largely to the north, west and even south. Now the northeast, long considered a “sleeping giant,” may be ready for a growth spurt of its own.
Apr
09
Why Hispanics Are A Key Market In Houston’s Grocery Wars
If Houston retailers are going to survive the grocery store wars over the next five years, they need to start marketing and catering more to the Hispanic population, says an industry expert. In the past 14
Apr
03
Expert: Hispanic Consumers Should Be Houston Grocers’ Target
Houston retailers should target the growing Hispanic consumer population over the next five years to boost their competitiveness, minding details such as shelf height, music and other things that go beyond product selection and advertising, says
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