Nancy Sarnoff on Muck Rack

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Real Estate Reporter — Houston Chronicle
As seen in:  Houston Chronicle

Real estate reporter and blogger for and

High-end builder has more plans north of Houston

An early look at the Houston Chronicle’s new digs — The Houston Chronicle's relocation into the former Houston Post building along the Southwest Freeway is expected to begin early next year, executives told the newspaper's staff last week as they revealed a number of architectural renderings of the new space.

Architecture firm gets new framework — The new structure "provides a framework for more young professionals to join the ranks of 'firm owners' and offers a simple and fair exit opportunity as senior staff retires," Kirksey said in a statement. The Houston office market will experience some pain this year, but the discomfort should be short-term, commercial property experts said last week during an update on the local real estate industry.

OTC has Houston businesses hopeful but realistic — On the first night of last year's Offshore Technology Conference, a French restaurant near the Galleria offered a special menu that included a bone-in ribeye and bison steak in hopes the hearty offerings might reroute a few diners from the city's steakhouses that are usually packed during the energy conference.

Camden says job growth is the “wild card” for Houston — Camden Property Trust's local apartment portfolio has fallen out of the company's top five performing markets for revenue, but officials say this area is stable and expectations are still good. Occupancy for Camden-owned properties in Houston is about 96 percent and revenue growth, now at 3.9 percent, is expected to end the year at around 3.5 percent, the company said Friday morning in a conference call to discuss first-quarter earnings.

Grocery icon Fiesta has new owners — Fiesta Mart, founded in Houston four decades ago to cater to Hispanic grocery shoppers, has had to fight for market share in recent years amid fierce competition for those same customers. Now, in a deal that could reinvigorate the aging retail icon, an out-of-state investment firm has purchased the chain with the announced intention of "building value."

Weingarten remains confident amid oil slowdown — Officials from Weingarten Realty Investors, one of Houston's largest owners of grocery-anchored shopping centers, are expecting local economic conditions to weaken due to low oil prices, but for the city's port and medical center to help offset the slowdown.

Fiesta sold to D.C.-based Acon — Fiesta Mart, a well-known Texas chain of Hispanic grocery stores, has been sold to a Washington, D.C.-based private equity investment firm. Acon Investments acquired the 60-store chain from the Levit family, which recently sold its wholesale business to C&S Wholesale. C&S will continue to supply Fiesta stores, according to an announcement Wednesday.

Hines to develop large industrial park in southwest Houston — Hines will break ground this summer on a multi-tenant industrial development expected to have close to 1 million square feet of space when completed. The project, to be called Beltway Southwest Business Park, is planned for 75 acres at the northeast corner of Beltway 8 and the Fort Bend Toll Road.

A visual tour of how Houston has grown up — A national apartment search website, has put together a collection of before-and-after images showing how parts of Houston streets have changed in recent years as developers add more high-rises to the landscape. The company, , created the following 10 slides using images taken from Google StreetView.
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May 04, 2015

Deal of the Week: NY custard chain plans 12-store Houston expansion… via @HoustonChron @Kfeser

May 04, 2015

Houston housing market is expected to slow amid low #oil, but it apparently hasn't gotten the memo @wsjrealestate

May 01, 2015

Landlord tells tenants not to use balconies as it determines if faulty brackets were used on railings… @HoustonChron

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