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July 19, 2022

Inflation Concerns See Retailers Clinging To Their Real Estate

Hear From Houston Methodist Hospital, Texas Children's Hospital, UT Health, The Menninger Clinic & More Sept. 8

Shaky consumer sentiment amid rising inflation may translate to companies holding fast to their Houston real estate, with local retail vacancy reaching its lowest level since the third quarter of 2018.

Inflation Concerns See Retailers Clinging To Their Real Estate

Houston retail demand was still healthy as of the close of Q2, according to new data from JLL, and average rents are now $19.31 per SF, a market high.Vacancy hit a nearly four-year low of 5.4%, which JLL associated with companies holding onto their spaces in a cloudy economic climate."Total…

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This Week's Houston Deal Sheet

Liberty Development Partners has acquired Gulf Inland Logistics Park, a 1,158-acre rail-serviced property in Liberty County.

This Week's Houston Deal Sheet

The company, a joint effort of Connor Investment Real Estate and Logistics & Development Resources, acquired both the logistics park and an adjacent 200-acre lot.Trez Capital provided $66.5M to purchase the property and renovate it for manufacturing, distribution, storage and transportation capabilities. Cushman & Wakefield's John Littman, Kelley Parker and Coe…

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Toys R Us Revived Ahead Of The Holidays — As Stores In Every Macy's

Toys R Us Revived Ahead Of The Holidays — As Stores In Every Macy's

WHP Global, which acquired the rights to the Toys R Us brand after the 2010s demise of that chain, is following through on a plan to open locations as stores-within-a-store in every Macy’s in the United States. There are nearly 450 Macy's department store locations.The openings will begin this…

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Starbucks CEO Foreshadows ‘Many More’ Café Closures Due To Safety Concerns

Starbucks CEO Foreshadows ‘Many More’ Café Closures Due To Safety Concerns  

Starbucks announced last week it would shutter 16 stores nationwide over crime concerns. Now the company’s leader says the closures are just getting started. "This is just the beginning. There are going to be many more,” interim CEO Howard Schultz told a group of employees, according to a leaked video >

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