RETAIL RENTS ARE DOWN, BUT BRIGHT SPOTS EXIST FOR INVESTORS
Retail rents on Westheimer are 25 percent lower than last year, according to a report from commercial real estate firm Colliers International. Declining occupancy rates and property values accompanied by debt maturity issues and credit access have kept many investors sidelined. Yet despite uncertainty in 2010, a few bright spots are emerging in commercial real estate according to Kyle Miller, a real estate professor at UH Bauer. “For the forwarding-thinking investor, there are promising opportunities due to stabilizing fundamentals across all property types. With the resurgence of several core assets, now is the time to formulate a plan to take advantage of these opportunities during the economic recovery.” Miller works in the Retail and Office Development groups of Trammell Crow Company’s Houston office and teaches Real Estate Finance at UH Bauer College to both graduate and undergraduate students.
To schedule an interview with Miller, see Media Contacts section to the left.
HOW TO TURN GRANDMA’S SPAGHETTI SAUCE RECIPE INTO A PROFITABLE BUSINESS
How many people have toyed with the idea of selling favorite family recipes? The growing number of specialty food products on the market strongly suggests that people are doing more than just thinking about it. The University of Houston Small Business Development Center will host a workshop on Wednesday, June 30, that will cover the ins and outs of selling specialty food products, featuring speakers David Kiser, sales manager, Central Market; Jennifer Bailey, Texas Department of Agriculture – Go Texan Program; David Arvelo, Food and Drug Administration; Henry Riojas, Henry’s Dream; Lee Kirsch, Texas Department of State Health Services; and Gary Wise, Banquet Depot. Two entrepreneurs who brought treasured family recipes to market — Renfro Foods president Doug Renfro and Somebody’s Mother’s Chocolate Sauce president Lynn Lasher — will share their success stories.
For more information, visit http://www.sbdc.uh.edu/sbdc/Default.asp. To schedule an interview with an expert, see Media Contacts section to the lef.
HURRICANE SEASON EXPERTS
As this year’s hurricane season progresses and storms form in the gulf, UH Bauer experts are prepared to provide information to media sources on a broad range of topics, including what businesses can do to prepare (James Evans, director of the UH Small Business Development Center’s Hurricane Business Recovery Center), how property owners can rebound from a storm (Dan Jones, an executive professor of insurance and risk management at UH Bauer), and more.
To schedule an interview with an expert, see Media Contacts section to the lef.