Amazon Reinforces Importance of Brick-and-Mortar Presence, leaps Into Grocery Business With Acquisition of Whole Foods

Amazon enters grocery business with $13.7 billion purchase of Whole Foods. After testing a variety of concepts to enter the grocery store segment, Amazon recently announced an agreement to acquire Whole Foods Market for $13.7 billion. The purchase gives the e-commerce giant instant access to the grocery store business, which accounts for consumer spending of more than $636  billion per annum. More importantly the purchase highlights the importance of omnichannel platforms, which incorporate a blend of brick-and-mortor establishments with an online footprint to drive traffice and sales.

 

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Marcus & Millichap

Recent Legislative Updates: E.V. “Rusty” Adams, Research Attorney Real Estate Center Texas A&M University

A number of bills passed creating and/or empowering MUDs and giving them road district powers.

  • HB 777: Effective immediately. Prevents the loss of open space ag appraisal while owner is on military deployment or stationed outside the state.
  • HB 1288: Effective immediately. County commissioner’s courts may contract with a broker to lease property owned by the county.
  • SB 345: Effective immediately. Certain municipalities may use certain tax revenue from hotel projects to pay certain hotel-related bonds or other obligations.
  • SB 550: Effective immediately. Deals with sale or assignment of tax credits for certified rehabilitation of certified historic structures.
  • SB 1086: Effective immediately. Prohibits a state agency from public internet posting of information that identifies taxable receipts of an individual business if they are contained in or derived from information required to be provided in a HOT tax report.
  • SB 1229: Effective immediately. County commissioner’s courts may contract for solid waste services in certain municipal ETJs.
  • SB 1365: Effective immediately. Use of HOT taxes for sporting event tourism expanded.
  • HB 807: Effective 9/1/17. Clarifies provisions relating to choice of law and venue for construction contracts.
  • HB 1774: Effective 9/1/17. Clarifies procedures and damages in deceptive, unfair, and prohibited insurance practices. Provides for an increase in damages.
  • SB 347: Effective 9/1/17. Regional water planning groups and their committees are subject to the Open Meetings Act.

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Amazon $13.7bn Whole Foods bid aims to deliver basketful of economies

With its $13.7bn deal to buy Whole Foods Market, Amazon may finally have answered a question that has stumped executives in charge of its nascent groceries business. How can an online supermarket that has fewer customers than a provincial convenience store chain buy enough food to stock a virtual cornucopia?

Amazon dominates online shopping in the US, with $136bn in annual revenues. But its grocery delivery service has made faltering progress since launching in 2007.

Click to read more at Houston Business Journal.

Suburban shift or urban revival? The numbers show more sprawl, y’all

The nationwide urban renaissance narrative that has reverberated during the latest expansion cycle may very well just be a short-lived trend. Suburban growth surpassed urban densification, according to the latest census county population estimates.
 

  • Not only are suburbs growing at a rapid rate, Texas ‘burbs are leading the country in population growth. Four of the five fastest-growing large cities, for the 12 months ending July 2016, are located in Texas. CBRE Research sorted through the data to give you the heads up.

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Texas second nationally for international CRE investors

WASHINGTON, D.C. – Florida and Texas were the top two states where foreigners purchased and sold commercial property last year, according to survey results released today by the National Association of Realtors. California was the third most popular buyer destination.

The 2017 Commercial Real Estate International Business Trends survey analyzed cross-border commercial real estate transactions made by Realtors during 2016. 

Texas accounted for 19 percent of buyer-side and 17 percent of seller-side transactions nationally. Florida had 26 percent and 38 percent, respectively.

Click to read more at Real Estate Center.