As weather service alerts began days before the impact of Harvey was felt, disaster-response plans were put into action and many home improvement, discount and grocery store retailers were ready to distribute critical supplies. One of these was local supermarket H-E-B, which drew widespread praise for managing to open 60 of its 83 stores in Houston the Sunday after Harvey slammed into Texas as a Category 4 storm. As the calendar flips over a month since the storm hit land and rebuilding begins, the regional economy could get a jolt. Local experts say that a transitory spike in retail sales and construction that comes after every storm will likely offset some of the immediate economic trouble caused by Harvey, according to NAI Partners. The long-term damage is predominantly limited to housing and convenience-oriented small retail businesses located in neighborhood and strip centers.—Lisa Brown

NEWS AND NOTABLES

DENVER—Greysteel announces the opening of its first Colorado office in Denver to accommodate the firm's continuing growth throughout the country. Industry veterans Ryan Floyd and Scott Whitfield have joined Greysteel to spearhead the company's expansion in the region. Floyd will serve as senior director and is charged with leading a Denver team focused on arranging sales and financing for institutional, middle market, and private client multifamily properties throughout the Front Range Corridor. Whitfield has joined as director and will focus primarily on private capital multifamily transactions in the Denver Metro Area. Both Floyd and Whitfield bring an impressive track record to Greysteel with more than 30 years of combined commercial real estate experience, more than $400 million in sold transactions and 260 properties sold since 2015 alone. Investment associate, Logan Wiltse, has also joined the Greysteel Denver team and will work closely with Floyd and Whitfield.