Don’t buy the hype: The Texas retail market is stronger than ever

By Brandi Smith

Assessed purely by the headlines, the past few years have been a challenge for some of the nation’s largest retailers. Payless ShoeSource announced in April that it would shutter nearly 400 stores. In January, JCPenney started closing 140 locations across the country. Even mall stores have taken a hit with retailers Abercrombie & Fitch and Guess pulling the plug on 60 locations within the next year. Though many analysts cite those cases as examples of how the retail sky is falling, many Texas experts are saying, “Hold up, Chicken Little.”

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Where there’s a Wheless, there’s a way: How a 1940s deal led to 2017’s hottest Houston-area market

BY BRANDI SMITH

“It took 70 years to come to fruition,” William “Bill” Wheless III, president of Wheless Properties chuckles as he surveys a map of more 5,000 acres nestled along Lake Houston.

Bill Wheless’s grandfather, William M. “Fishback” Wheless Sr., J.S. Abercrombie and others purchased the property in the 1940s before the City of Houston erected a dam along the San Jacinto River, creating the lake in 1953. That was shortly after Wheless Sr. and Abercrombie  bought the acreage that would become Cinco Ranch in Katy.

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Buzzword or fixture? Texas experts weigh in on the future of coworking

BY BRANDI SMITH

Last month’s South by Southwest (SXSW) Festival is a reminder of what Texans already know well: Austin is one of the hottest spots in the country when it comes to technology and innovation. The festival’s “Interactive” track drew more than 30,000 people to sessions highlighting smart cities, digital journalism and more over the course of five days. The other 360 days of the year, the crowds are smaller, but the ideas and passion are still there.

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