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Houston leads Texas in rent nonpayments amid coronavirus pandemic
News 3 months ago
Houston leads Texas in rent nonpayments amid coronavirus pandemic

The portion of Houston-area households that failed to pay rent during the first five days of April jumped 8.6 percentage points from this time last...

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Coronavirus pandemic expected to create lasting impact on retail industry even after volatility subsides
News 3 months ago
Coronavirus pandemic expected to create lasting impact on retail industry even after volatility subsides

The coronavirus pandemic has caused drastic changes in virtually every sector of the economy, with retail and restaurants among the industries that...

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Houston nonprofits' coronavirus recovery fund more than quadruples in size
News 3 months ago
Houston nonprofits' coronavirus recovery fund more than quadruples in size

The Greater Houston COVID-19 Recovery Fund, established to assist the region's most vulnerable populations during the coronavirus pandemic, has...

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Houston apartment co.'s $5M resident relief fund goes fast. But efforts don't stop there
News 3 months ago
Houston apartment co.'s $5M resident relief fund goes fast. But efforts don't stop there

It took just 16 minutes for residents to exhaust a $5 million relief fund set up by Houston-based Camden Property Trust (NYSE: CPT) to help those...

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Colliers International broker: Social distancing is no reason to disconnect from clients
News 3 months ago
Colliers International broker: Social distancing is no reason to disconnect from clients

Taylor Wright, a vice president on the occupier advisory team in Colliers International's Houston office Commercial real estate brokers working in...

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How one Houston retailer has avoided layoffs, stayed afloat amid pandemic
News 3 months ago
How one Houston retailer has avoided layoffs, stayed afloat amid pandemic

Richard Evans, owner of Bedrock City Comics, a chain of comic book stores across Houston, admits the coronavirus pandemic hasn't been easy for his...

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Woman-owned community bank files for de novo charter in Houston
News 3 months ago
Woman-owned community bank files for de novo charter in Houston

A new female-owned community bank aims to open in the Houston market this year. Agility Bank filed a new bank charter application with the Office...

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Houston-based apartment co. launches $5M fund for residents without income due to coronavirus
News 3 months ago
Houston-based apartment co. launches $5M fund for residents without income due to coronavirus

Out-of-work residents living in one of Houston-based Camden Property Trust's multifamily communities will soon have access to a new source of funds...

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Howard Hughes Corp. halts construction, delays restructuring amid coronavirus pandemic
News 3 months ago
Howard Hughes Corp. halts construction, delays restructuring amid coronavirus pandemic

Howard Hughes Corp. has put a halt on construction and postponed plans to restructure the company, citing the economic fallout caused by the...

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Hilton Americas-Houston, Marriott Marquis Houston furlough hundreds of workers, citing coronavirus
News 3 months ago
Hilton Americas-Houston, Marriott Marquis Houston furlough hundreds of workers, citing coronavirus

Houston's two largest hotels have furloughed hundreds of employees after seeing reservations plummet as a result of the ongoing COVID-19...

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Retail tenants, landlords get creative as first of the month looms, NAI Partners broker says
News 3 months ago
Retail tenants, landlords get creative as first of the month looms, NAI Partners broker says

As rent becomes due April 1 - the first large bill for some retailers since the city of Houston virtually shut down amid the coronavirus pandemic -...

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As hotels plead for 'second' stimulus, Houston metro stares down $1.4B in outstanding debt
News 3 months ago
As hotels plead for 'second' stimulus, Houston metro stares down $1.4B in outstanding debt

The former Hotel Sorella CityCentre - now The Moran CityCentre - is one of the 222 hotel properties in the Houston metro area with outstanding...

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Reports: Whole Foods workers plan strike over coronavirus concerns
News 3 months ago
Reports: Whole Foods workers plan strike over coronavirus concerns

Workers at Whole Foods Market are planning to strike on March 31, according to multiple media outlets. The workers plan a nationwide "sick-out,"...

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Macy's to furlough majority of its 130,000 workers amid coronavirus
News 3 months ago
Macy's to furlough majority of its 130,000 workers amid coronavirus

Department store giant Macy's Inc. announced March 30 that it will furlough the majority of its workforce of 130,000 as it grapples with the impact...

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Harris County Tax Office offers 3-month break in delinquent property tax payments
News 3 months ago
Harris County Tax Office offers 3-month break in delinquent property tax payments

This story is courtesy of our partners at KHOU 11. Click here for KHOU's original story and related video, and click here for more coronavirus...

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Construction co. Arch-Con shuts down site for one day, takes other steps amid COVID-19 coronavirus
News 3 months ago
Construction co. Arch-Con shuts down site for one day, takes other steps amid COVID-19 coronavirus

A sick construction worker caused Houston-based contracting firm Arch-Con Corp. to shut down one of its job sites for one day this week to protect...

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Kroger CEO explains supply chain, hiring thousands amid coronavirus pandemic
News 3 months ago
Kroger CEO explains supply chain, hiring thousands amid coronavirus pandemic

A Greater Cincinnati Kroger store received a pallet of toilet paper in the morning. It was gone within an hour. That's one sign of why Rodney...

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The Galleria, other Houston-area malls temporarily shutter amid coronavirus
News 3 months ago
The Galleria, other Houston-area malls temporarily shutter amid coronavirus

The Galleria - along with Katy Mills and Houston Premium Outlets - will be closed until March 29, owner Simon Property Group announced March 18....

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Houston-area distillery pivots to make hand sanitizer, rubbing alcohol
News 3 months ago
Houston-area distillery pivots to make hand sanitizer, rubbing alcohol

Houston's largest distillery will soon begin producing hand sanitizer and rubbing alcohol to help meet surging demand. Gulf Coast Distillers will...

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Lee & Associates rethinks business strategy as coronavirus adds to pressures on Houston's struggling office market
News 3 months ago
Lee & Associates rethinks business strategy as coronavirus adds to pressures on Houston's struggling office market

Even before the outbreak of the deadly COVID-19 coronavirus outbreak, Houston’s office real estate market was struggling amid a glut of available...

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'I've never seen anything like this in my life.' Grocers cut hours, hiring employees to keep up with demand
News 3 months ago
'I've never seen anything like this in my life.' Grocers cut hours, hiring employees to keep up with demand

Mayor Sylvester Turner and local leaders from Houston's biggest grocery store chains held a press conference Monday, March 16, to address concerns...

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Hines hopes to make a splash with The Square, its first foray into coworking
News 3 months ago
Hines hopes to make a splash with The Square, its first foray into coworking

The COVID-19 coronavirus pandemic does not appear to have affected leasing at The Square, Houston-based Hines' first play for a piece of the...

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Houston's recent real estate deals include Classic Chevrolet Sugar Land, future apartment projects
News 3 months ago
Houston's recent real estate deals include Classic Chevrolet Sugar Land, future apartment projects

Below are some recent sales and leases executed in the Houston market. All information was provided by the brokerages, tenants and HBJ research....

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Kroger cuts hours amid coronavirus-related demand; Apple closing stores
News 3 months ago
Kroger cuts hours amid coronavirus-related demand; Apple closing stores

The Kroger Co. (NYSE: KR) is the latest grocery store chain in Houston to reduce hours in an effort to keep up with demand amid the panic over the...

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Houston adds jobs in construction and health care, sheds energy jobs in revised 2019 figures
News 4 months ago
Houston adds jobs in construction and health care, sheds energy jobs in revised 2019 figures

The Texas economy added 279,000 seasonally adjusted nonfarm jobs in 2019, according to new figures from the Texas Workforce Commission. The Texas...

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Restaurant roundup: Popular breakfast spot expands, Midtown bar to open on East Coast
News 4 months ago
Restaurant roundup: Popular breakfast spot expands, Midtown bar to open on East Coast

Amid the coronavirus pandemic, some restaurants are still soldiering on and opening. These are some of the latest expansions in the Houston area....

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Conn's, Stage Stores, Tailored Brands stock prices hit in market rout
News 4 months ago
Conn's, Stage Stores, Tailored Brands stock prices hit in market rout

Stock prices for retailers in the Houston area are taking a hit as supply chain concerns and a global pandemic continue to rattle markets. The S&P...

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Details emerge about renovations to historic La Colombe d’Or Hotel in Montrose
News 4 months ago
Details emerge about renovations to historic La Colombe d’Or Hotel in Montrose

The developers behind the renovation of La Colombe d'Or Hotel in Montrose have unveiled new details about the project, including what room options...

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HBJ's 2020 Residential Real Estate Awards postponed
News 4 months ago
HBJ's 2020 Residential Real Estate Awards postponed

The release of The Top Residential Real Estate Agents and Teams Lists will also be postponed to coincide with the new event date. The new date will...

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Randalls' parent company files paperwork to go public
News 4 months ago
Randalls' parent company files paperwork to go public

The parent company of the Randalls grocery store chain has filed for an initial public offering. Albertsons Companies Inc., which owns and runs...

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