Commercial Real estate owners unwilling to cut prices

Commercial Real estate owners unwilling to cut prices

Fewer top-tier Houston commercial real estate properties changed hands in 2016 as investors shied away from the energy capital and owners were in no rush to sell at discount prices. Sales of Houston-area properties such as apartments, offices, industrial buildings, shopping centers and hotels totaled $7.9 billion through November, according to Real Capital Analytics, a real estate research firm. The retail sector outshined others as consumers c…