Reeling in retail: JLL weighs in on Houston trends

BY BRANDI SMITH

“I certainly believe that restaurants will continue to be a very active sector in retail. Looking at Houston specifically, the LA Times recently came out and declared that Houston is now the most diverse market in the United States.”
– Matt Parsons

Gearing up for this May’s ICSC RECon, commercial real estate firm JLL told National Real Estate Investor it was sending roughly 300 of its experts to the four-day event in Las Vegas and planned to host more than 7,500 meetings with retailers and investors. The plan is indicative of JLL’s effort to stay ahead of the game when it comes to retail development worldwide.

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Reading the tea leaves: Why you can’t blame the internet for the decline of department stores

BY BRANDI SMITH

“If you add it all up, it’s really because it’s a fascinating business. You have to know a little bit about construction. You have to know a little bit about finance. You have to know a lot about geography. You have to know a little bit about human behavior. Then, you have to be able to change what you know about it every day.”
– Nick Egelanian

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Where there’s a Wheless, there’s a way: How a 1940s deal led to 2017’s hottest Houston-area market

BY BRANDI SMITH

“It took 70 years to come to fruition,” William “Bill” Wheless III, president of Wheless Properties chuckles as he surveys a map of more 5,000 acres nestled along Lake Houston.

Bill Wheless’s grandfather, William M. “Fishback” Wheless Sr., J.S. Abercrombie and others purchased the property in the 1940s before the City of Houston erected a dam along the San Jacinto River, creating the lake in 1953. That was shortly after Wheless Sr. and Abercrombie  bought the acreage that would become Cinco Ranch in Katy.

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Buzzword or fixture? Texas experts weigh in on the future of coworking

BY BRANDI SMITH

Last month’s South by Southwest (SXSW) Festival is a reminder of what Texans already know well: Austin is one of the hottest spots in the country when it comes to technology and innovation. The festival’s “Interactive” track drew more than 30,000 people to sessions highlighting smart cities, digital journalism and more over the course of five days. The other 360 days of the year, the crowds are smaller, but the ideas and passion are still there.

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