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May 31, 2022

With More Customers Hitting Stores, Houston Retailers Are Hiring Like It's 2019

Get Your Ticket To The Upcoming Houston Industrial & Port Development Event

Houston retailers are largely settling down after their hiring frenzy of the past few months, but the city still has 19,000 more jobs than February 2020 despite years of coronavirus uncertainty and rapid retail turnover.

With More Customers Hitting Stores, Houston Retailers Are Hiring Like It's 2019

This higher job count comes largely from increased consumer spending, according to second-quarter data from Marcus & Millichap. Retail sales are up 18% for the 12 months ending in March through a combination of 100,000 newly minted Houstonians and surges of new visitors, as seen in a 45% year-over-year activity…

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This Week's Houston Deal Sheet

Texas-based Buc-ee's will break ground June 7 on its first Colorado store at 5201 Nugget Road in Johnstown, Colorado.

This Week's Houston Deal Sheet

The store will be 74K SF and will employ 175 people. Additional stores are under construction in Tennessee, and the company is planning more for Mississippi and Missouri as it expands its reach across the South and West."We picked a great partner in the community of Johnstown for our first store in…

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As Demand For Housing Rises In Texas, One Bank Is Stepping In To Support Homebuilders

PRESENTED BY:   Western Alliance Bank
 
As Demand For Housing Rises In Texas, One Bank Is Stepping In To Support Homebuilders  

While many people predicted the real estate market would be devastated by the pandemic, the reality has been quite different, especially in Texas. Home prices in some areas of the state rose by 30% in the last year, with the Texas market being described as “a pure competition…

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Industrial Revolution Continues: 'Ongoing Boom' Draws Out Latest Crop Of Newcomers

It's rare for a property type to extend a growth cycle beyond a decade.

But industrial real estate's dominance only seems to grow — attracting newcomers while big players scrap for the materials and land they need to keep their projects moving and potential clients happy.

While longtime powerhouses like Prologis and Panattoni plow forward with their own mammoth projects — and Amazon admits that it has too much industrial space on its hands — other companies are making their debut, hoping to seize on some of the continued demand and expanding yields.

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Recession In 2022? U.S. Self-Storage Says Bring It On

 

Self-storage is sometimes called a "recession-proof" asset class.

It has a history of profitability even during the worst of times — such as in 2008, when the sector eked out positive returns of 5%, even as every other asset class suffered.

So, with the prospect of a recession looming once again, self-storage's mettle might be tested again.

Developers and investors are betting that the sector will triumph once more in a downturn, and coming off a strong 2021, self-storage development is strong in many U.S. markets and investors are buying the properties with gusto.

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