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January 25, 2022

Houston Leads Nation For Retail Demand, New Retail Construction

Join Houston's top architect Jeff Gerber of PGA at our Architecture & Design event Feb. 3

Houston is outpacing all other U.S. major metros when it comes to retail demand and construction deliveries, according to CBRE's latest market analysis — one of a pair of new reports indicating the city is poised for a strong retail rebound going into 2022.

Houston Leads Nation For Retail Demand, New Retail Construction

Houston recorded 3.75M SF of positive net absorption for 2021, CBRE said, finishing the year 12.6% higher than in 2019, before the pandemic wreaked havoc in the industry. That came despite net absorption falling 1.3M SF in the fourth quarter of 2021. The fourth quarter also saw more than 301K…

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The Signorelli Co. Adds Fort Bend County Community To Suburban Developments Roster

The Woodlands-based The Signorelli Co. will build a 4,700-acre master-planned community in Fort Bend County, the largest such project to be built in the county in two decades.

The Signorelli Co. Adds Fort Bend County Community To Suburban Developments Roster

Austin Point, at the Grand Parkway and Fort Bend Parkway in Southwest Houston, will break ground in the second quarter of 2022. When completed, it is expected to include 14,000 single-family homes and 15M SF of multifamily, office, medical, retail and…

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This Week's Houston Deal Sheet

This Week's Houston Deal Sheet  

Partners Capital has sold Clear Lake Business Center in Webster to an unnamed buyer. The 149K SF flex park was acquired by Partners Capital in 2019. Partners Capital was represented in the deal by NAI Partners' Cary Latham and Josh Lass-Sughrue. Both NAI Partners and Partners Capital are part of Partners…

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REIT Stocks Dive With Larger Market, Putting Investors On Edge

REIT Stocks Dive With Larger Market, Putting Investors On Edge  

After hitting record highs in 2021, U.S. stock indexes briefly slipped into correction territory on Monday, showcasing investor concern ahead of the Federal Reserve's first policy meeting of the year. 

Real estate investment trusts, facing losses of their own, are not immune. 

A number of U.S. REIT stocks have suffered losses exceeding 10% in the past month, as the prospect of rising interest rates and ballooning inflation rattles investors.

"Investors are resetting their expectations for the value of everything that's tied to interest rates," Green Street Managing Director Dave Brigg told Bisnow Monday.

REITs have underperformed so far this year, but not by a meaningful amount, Brigg said. Even so, investors now have a "case of whiplash" because of the recent gyrations. REITs seeing double-digit monthly share price drops include Alexandria Real Estate Equities, down 11.3%, American Tower, down 13.1%, and >

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