James Beard Award-semifinalist Jonny Rhodes may be best known for his smash hit restaurant Indigo, but it’s his new grocery store, Broham Fine Soul Food & Groceries, that he wanted to open first.

The 2,000-square-foot store opens April 1 at 2019 Bennington St., near the Hardy Toll Road and the 610 Loop. It will sell food targeted for individuals of African descent, almost all handmade by Rhodes and his team — and they’ll teach customers how to use the more unfamiliar goods, he said. The intent is eventually for the entire stock to be either handmade or grown by Rhodes. But because the store is opening early to help people amid the coronavirus pandemic, the garden Rhodes is creating for the store’s produce isn’t ready yet.

Products at the store will include sodas, sauces, condiments, pastries, jellies and butter, ice creams and popsicles, deli meat, sausages and dried items like jerky, all handmade. Typical items like dill pickles and hot sauce are sold alongside more unusual fare, like okra seed coffee ice cream and fermented strawberry and grapefruit soda.

Rhodes has never been interested in selling others’ goods. Over time, the store will be 100 percent self-sustainable.

“That way, we’re not buying produce from local farmers; we are the local farmers for our own grocery store,” Rhodes said.

Rhodes and his wife, Chana, are making the grocery store’s savory goods, while pastry chef Meredith Larke is handling all sweets and baked goods.

Meanwhile, Indigo is currently closed until September, which is not unusual for the acclaimed restaurant. Rhodes actually closed the restaurant at 517 Berry Road even before Harris County ordered restaurants to close their dining rooms. He brought over his entire staff — five people — from Indigo to Broham.

“I couldn’t take care of them,” he said.

Rhodes isn’t concerned with expansive growth, at least not right away. With the “grow its own supply” model, Rhodes says Broham is unlike any other grocery store in the country. It’ll take time to get its systems in place.

“We’re not a finished product, and I don’t think we’re looking to be a finished product any time soon,” Rhodes said. “One of the favorite things about Indigo that I’ve loved, and I think that people loved, was that we were open about not being a finished product, but the evolution.”

Rhodes hopes his store, located in the Trinity Groves neighborhood along with Indigo, sets an example for others to grow their own food. He also hopes that it cuts into the force of “food apartheid” — a term he uses instead of the food desert. He learned it from celebrity chef Marcus Samuelsson, according to a recent Texas Monthly article. It means a food shortage created by design, harking back to neighborhoods designed to disenfranchise African Americans. Growing your own food, Rhodes said, would be especially impactful now.


Houston-based Stage Stores Inc. (NYSE: SSI) had its own set of struggles even before the coronavirus pandemic brought much of the retail sector to a halt.

Now, the department store owner is taking steps to significantly scale back operations to reduce costs and preserve liquidity, according to a press release.

The stage has temporarily closed all of its 738 stores as of Friday, March 27. Previously, about 393 stores were closed in compliance with state and local regulations, while the others primarily were located in smaller markets and were operating under reduced hours.

The company operates specialty department stores under the Bealls, Goody’s, Palais Royal, Peebles, and Stage brands as well as the Gordmans off-price brand.

Virtually all employees in stores, field support roles, and distribution centers have been furloughed until further notice. Effective March 29, 87 percent of employees at Stage’s Houston Support Center also will be furloughed. There are 80 key employees who are not subject to the furlough because they perform essential functions, though the release did not specify what or where those roles are. Furloughed employees will not be paid, but they will keep their health and welfare benefits.

Members of the executive leadership team will temporarily have their pay reduced by at least 25 percent effective March 29, and the board of directors members will not be compensated during this period. The end of the pay-cut period has yet to be determined.

In 2018, President and CEO Michael Glazer’s base salary was more than $1.04 million, and his total compensation including stock awards was over $3 million, according to the most recent proxy statement Stage filed with the U.S. Securities and Exchange Commission. The only other named officers in the proxy were Thorsten Weber, executive vice president and chief merchandising officer, and Steven Hunter, formerly executive vice president and COO of Gordmans, who left the company in July 2019, according to a separate filing. Webster received a 2018 base salary of $522,692 and total compensation of more than $1.25 million, and Hunter received a 2018 base salary of $478,461 and total compensation of $872,867. The stage has not yet filed its proxy statement with 2019 compensation.

“With the health and safety of our associates and guests as our top priority, we are taking difficult but necessary actions in a challenging market and in the face of the unprecedented COVID-19 situation,” Glazer said in the March 27 press release. “We are grateful to all of our associates for their dedication and commitment to serving our guests.”


The Houston Association of Realtors has been making changes to help keep the residential real estate market going amid the coronavirus outbreak while also keeping people safe.

HAR President and CEO Bob Hale spoke at a Tuesday, March 24, Harris County Commissioners Court meeting about the need to include residential and commercial real estate among the list of “essential” services exempt from Harris County’s new “stay home, work smart” order. Currently, $2.4 billion of residential real estate is pending sale, with $800 million scheduled to close in the next 10 days, HAR said in a statement.

When Harris County’s written order was released Tuesday afternoon, it classified real estate services among professional services that are essential “when necessary to assist in compliance with legally mandated activities or to further essential businesses, essential government functions, or critical infrastructure.” Even before the order was released, HAR already was developing a platform for virtual open houses and virtual showings, per the statement. The platform would allow customers to watch the tours and open houses on HAR.com at scheduled times, and HAR members would then be able to share the recordings on their agencies’ websites and social media.

“The safety of our members, their clients and families is the most important thing to us during this difficult time,” HAR said.

Even before Harris County’s March 24 order, HAR has been taking steps to adapt amid the pandemic. On March 20, HAR announced that information about open houses would not be displayed on HAR.com for most Texas markets, including Houston and Austin, effective immediately.

“Most of the national real estate franchises and many large brokers have either canceled all in-person open houses or are strongly encouraging their agents not to hold them,” HAR said in a March 20 press release. “Realtors are urged to utilize virtual open houses and video tours to help slow the spread of the coronavirus.”

Many Realtors told the Houston Business Journal last week that they were canceling open houses and opting to show their listings via apps like FaceTime and Skype. Others have begun to post video tours of properties online.


Houston Realty Advisors Inc. has a new listing available FOR LEASE in Pasadena, TX. This property is located at 906 Witter St. it’s a Flex/ Warehouse/ Office Building. containing 13,450 Square Feet of Building.

For more information please contact us.

Commercial, Real Estate, HRA, Alex Ayres Photography, Pasadena

Photo of exterior and by Alex Ayres Photography

Alex Ayres Photography, Commercial listing, Pasadena, interior, offices

1 of the 7 offices on this Listing. Photo credit: Alex Ayres Photography

Alex Ayres Photography Privacy Gate

Privacy gate

Break room Alex Ayres Photography

Break room Photo credit: Alex Ayres Photography


Landscape view of city of Houston

 

The annual Rice Business Plan Competition was canceled for 2020 due to concerns surrounding the coronavirus.

The Rice Business Plan Competition was scheduled to take place at Rice University between March 26 through 28. RBPC is one of the largest student startup competitions in the world.

“We received word Sunday evening that Rice University, with guidance from the Rice Crisis Management Committee, is prohibiting all on-campus public events and gatherings with more than 100 people to minimize close contact among large groups of people,” according to a statement on the RBPC website.

Rice has canceled all classes at the university for a week citing fears of spreading the coronavirus as the cause. Conversations were had about holding the event in an alternative way, but it was found to not be possible.

“We have successfully run the competition for 19 years, and we were very excited to host and celebrate the 20th edition later this month,” per the statement.

For more Houston Real Estate News, visit our blog. 


Memorial Hermann Health System, Houston’s largest health system, opened a new 17-floor critical care tower at its Texas Medical Center hospital.

Memorial Hermann-Texas Medical Center’s new tower, dubbed the Susan and Fayez Sarofim Pavilion, began accepting emergency room patients effective Feb. 20, according to a hospital spokesperson.

Susan and Fayez Sarofim, the billionaire behind Houston-based investment firm Fayez Sarofim & Co., donated $25 million for the project — the largest gift Memorial Hermann had ever received when it was announced in February 2018. The Sarofim Pavilion was part of a roughly $700 million renovation and expansion project at Memorial Hermann-Texas Medical Center, according to Memorial Hermann.

“The Sarofim Pavilion enables Memorial Hermann to stay ahead of the fast-growing advances in medicine, keep pace with the extraordinary growth of the greater Houston metropolitan region and, most importantly, meet the health needs of our community for years to come,” David Callender, president, and CEO of Memorial Hermann said in a news release.

The new 17-floor tower has more than 140 patient rooms; 24 operating rooms, including three hybrid ORs; a 335-seat cafeteria dubbed the Arboretum Café; and 900 new parking spots. Sarofim Pavilion also is the new home of the Red Duke Trauma Institute at Memorial Hermann-TMC — one of two adult Level 1 trauma centers in Houston.

Operations for Memorial Hermann’s air ambulance service, Life Flight, moved on top of the new tower. The new John S. Dunn Heliport is 10,000 square feet larger than the old helipad and is capable of handling the weight of a Black Hawk helicopter.

“As the Houston community is growing by leaps and bounds, the need for access to quality health care increases exponentially,” Susan Sarofim, chair of the Memorial Hermann Foundation board between 2015 and 2017, said in the release. “Memorial Hermann has stepped up to the plate to deliver a new facility with greatly increased patient capacity and state-of-the-art equipment. Fayez and I are so proud to support Memorial Hermann as the health system continues to deliver award-winning, innovative care to the Houston community.”

Construction began on the Memorial Hermann-TMC expansion in 2015. The building of Sarofim Pavilion took over 5,500 workers and 3.5 million man-hours, according to Memorial Hermann. Houston-based Vaughn Construction served as the project’s general contractor.


PEARLAND – HCA Houston Healthcare recently broke ground on the HCA Healthcare Center for Clinical Advancement, a new, state-of-the-art training center.
NAI Partners’ Griff Bandy, Partner, and Joe Bright, Senior Associate, represented HCA in the transaction for the 48,400-SF. ground-up new build located at Pearland Town Center, 11200 Broadway Street, just west of Texas 288.
The project is scheduled to open by early 2021. The healthcare organization signed a long-term lease for this specialized build-to-suit.
The training center will have high-fidelity hospital simulation labs, connected classrooms and de-briefing rooms, where the health system’s nearly 7,000 nurses will receive ongoing clinical education and training.
“We’re extremely pleased to have been able to find the perfect solution for HCA in the heart of Pearland Town Center, and honored to play a small role in helping bring a healthcare training and meeting facility of this magnitude to fruition,” said Bandy.
“This was a complex deal given our client’s specific requirements,” added Mr. Bright.
HCA Houston Healthcare officials will gather with shovels and hard hats at the site of the HCA Healthcare Center for Clinical Advancement for an official groundbreaking ceremony on Wednesday, February 26.
“The HCA Healthcare Center for Clinical Advancement is a significant part of our strategic nursing plan to support and grow our nurses as the differentiator at our hospitals and other facilities,” says Kelli Nations, chief nurse executive at HCA Houston Healthcare, one of the city’s largest healthcare systems. “It certainly helps us raise the bar for nursing care in Houston.”

​​​​​Elite 25sm, the premier membership organization for luxury real estate agents, has announced its expansion in Spring 2020 with the launch of chapters in Houston and Dallas, Texas. Established in 1994 and based in Austin, Texas, Elite 25sm  represents a city’s top luxury residential agents, providing ample opportunities to increase exposure, bolster reputations, network with fellow top luxury agents and stay educated on real estate trends and happenings. Beyond the value for members, Elite 25sm also presents an incomparable asset for buyers and sellers, taking out the guesswork of finding an agent.

“We’re excited to bring this exclusive opportunity to luxury realtors in the largest real estate markets in Texas,” said Tony Trungale, Managing Director of Elite 25sm and a Senior Loan Officer with PNC Bank. “This organization has proven to be an invaluable resource for our members, allowing unmatched time and space for networking and dealmaking.”

Founding Elite 25​ Austin member Cindy Goldrick of Wilson & Goldrick Realtors said of the group: “I’ve been a member of Elite 25sm in Austin since its inception 25 years ago and it has been an essential part of my real estate career and success. Elite 25sm membership provides individual agents recognition as verified leading producers of high-end homes and, equally important, it offers camaraderie with other top agents and the opportunity to network. I’ve been excited and motivated to work to meet the criteria each and every year.”

Members apply on an annual basis and are chosen based solely on production numbers, ensuring a true representation of the city’s top professionals. Criteria for membership varies year to year, but eligibility begins with a minimum of four homes sold each over $1 million. In 2019, each of Austin’s 34 members sold at least eight homes over $1 million – a major marker of Austin’s booming housing market – for a staggering collective sales total exceeding $1 billion.

“In today’s fiercely competitive market, Elite 25sm is the perfect platform to provide a competitive edge for my clients,” said Dara Allen, Broker Associate and Sales Manager for Compass Austin. “All members of Elite 25sm are experts in the luxury market and our monthly luncheons – always in a member’s fabulous new listing – give us the opportunity to share coming soon and pocket listings.”

Elite 25​ Houston and Elite 25​ Dallas will continue under the leadership of Tony Trungale, with Advisory Board members to be announced. Marketing efforts will continue to be managed by Commission.Co, a boutique Austin-based agency specializing in social media, video, and design for luxury and commercial real estate.


Houston’s commercial property values will continue to trend upward in 2020 as demand for development opportunities expands amid the region’s positive job growth, according to Deal Sikes, a leading Houston-based valuation firm.

“Although there are a few exceptions, the real estate market in Houston is headed for another good year,” said Mark Sikes, a principal with Deal Sikes. “The region’s economy is healthy and although the energy industry is in a lackluster period, the overall economic outlook is outstanding.”

Houston’s industrial market is attracting interest from around the nation and research indicates that more than 15 million square feet of warehouse space are under construction in the Greater Houston area.

“Prices for land or urban infill development property has risen significantly in recent years,” Sikes said. “Rising land prices have pushed the wave of industrial development farther away from the center of the city and outer suburban land prices have increased accordingly.”

Property values in the urban core of the city remain strong as developers and builders locate buildings for redevelopment or seek sites that are appropriate for new construction, Sikes said.

“Multifamily construction is strong in Houston and researchers report more than 25,000 units are now under construction, although the pace is expected to be slightly more moderate in 2020 as the new inventory is absorbed,” Sikes said. “Investor demand is good and multifamily valuations have not yet peaked in most submarkets.”

Newer office buildings and Class A towers under construction are leasing briskly, although Houston’s office market is the most sluggish sector.

The Texas Medical Center, where more than 100,000 people are employed, is a source of growth for Houston and several hospitals and research facilities are expanding.

“Houston’s commercial real estate values will be on a solid upswing in 2019,” said Matthew Deal, a principal with Deal Sikes. “With Houston expected to gain population significantly in the next decade, the long-term forecast must include rising property prices that will be very impressive over the long haul.”


Lee & Associates was awarded the leasing and management of five Houston office buildings totaling 430,000 square feet in 2019.

The company’s landlord agency team will lease and manage 550 Westcott (83,366 square feet); 4101 Interwood (80,000 square feet); 1505 S. Highway 6 (63,487 square feet); 16430 Park Ten Place (110,408 square feet) and 10101 Southwest Freeway (102,292 square feet).  The buildings range from Class A to Class B.

“Our recent success has been due to the depth of our team and the focus we have on technology and platforms for today’s digital marketplace,” Robert LaCour, Lee & Associates principal said in an announcement.

Lee & Associates added a property management group in 2019. The company specializes in commercial real estate services for office, industrial and land real estate investments

1 2 3 9