Categories for Market Trends

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 2

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 9

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 6

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 2

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 8

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 8

THE SHIFT TO LOCAL IDENTIFICATION Texas Real Estate Business

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 2

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 1

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 1

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 …

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 4

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 …

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