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Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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Bebe plans to shutter stores, including in Austin area

Bebe Stores Inc. is planning to shutter its locations and become an online-centric retailer, according to Bloomberg.

Citing unnamed sources, the report says the Brisbane, California-based women’s retailer is trying to close the stores without filing for bankruptcy. Bloomberg’s sources say, however, that a Chapter 11 filing will be necessary if landlords aren’t willing to negotiate.

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Yeti Coolers unveils first store

Yeti Coolers LLC is ready to pull the veil off its first retail store at 220 S. Congress Ave. — a major step for the company to directly reach consumers, and a promising development for a long-vacant property at the gateway between downtown and trendy shopping to the south.

$114M sale of Oaks at Lakeway completed

After its attempt to sell The Oaks at Lakeway retail center fell through last year, Stratus Properties Inc. returned to the negotiation table. Its efforts paid off earlier this month with the successful sale of the property to the same buyer who previously experienced cold feet.

TA Realty of Massachusetts, through an affiliate named FHF I […]

RD Management Acquires Shops at Tech Ridge

Tech Ridge mixed-use property.

RD Management has acquired Shops at Tech Ridge, for an undisclosed price. Excluding the recently vacated Target store, the 504,153-square-foot property is 96 percent occupied. Since purchasing the property, RD Management has signed a lease with Floor & Décor for 77,958 square feet of space in the former Target store.

The Limited to shutter store amid national downsizing

Amid a national downsizing, women’s clothing retailer The Limited is set to close its San Marcos store at the Tanger Outlets mall off I-35 south of Austin.

The closings come as the retailer has been planning to file for bankruptcy and has been laying off employees at its headquarters in Ohio, sister publication the Columbus Business […]

Austin developer buys downtown IHOP site

The IHOP at Interstate 35 and East Cesar Chavez Street was acquired late last year by WC 707 Cesar Chavez LLC, an entity the Texas Secretary of State says is linked to World Class Capital Group.

A purchase price was not disclosed. The Travis Central Appraisal District valued the .77-acre site at 707 E. Cesar Chavez […]

HEB buys land near Austin airport

HEB buys 17 acres close to the airport.

HEB Grocery Co. has purchased 17 acres east of Austin-Bergstrom International Airport, the site of a possible future store in a large mixed-use development taking shape. The San Antonio-based grocery chain bought the land at FM 973 and State Highway 71 for an undisclosed price, according to […]

3-story project planned for South Congress

The former St. Vincent de Paul thrift shop, which had been a fixture on South Congress Avenue for more than two decades, is about to take on new life as the space is renovated and a three-story building with shops and offices is built next to it.

The project, called Saint Vincent, is expected to break […]

New development bound for Lakeway’s Bee Creek Road

Lakeway City Council approved Nov. 21 the final plat for The Paddocks at Bee Creek, a commercial development including three office or retail buildings totaling 25,000-30,000 square feet, located on 17.56 acres at 4900 Bee Creek Road, Lakeway.

“If all goes well, construction could begin January or February 2017,” said Thomas Reagan, president of Bee Creek […]

M&M Arranges Sale of Shopping Center in Austin

Marcus & Millichap has arranged the sale of Oak Hill Centre, a 43,261-square-foot retail center in Austin. Michael Buckner and Richard Mireles of Marcus & Millichap represented the seller, a Texas-based limited partnership, and procured the buyer, another Texas-based limited partnership. Built in 1984, Oak Hill Centre is located at the intersection of William Cannon […]