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HOUSTON-The plan is to complete some minor renovations before scouting the market for a tenant for 10010 Gulf Freeway, a two-acre tract holding a 25-year-old industrial building. The property carries a 2002 assessment of $741,000.
HOUSTON-The law firm of Chadbourne & Parke of New York City will move in Oct. 31 to 12,000 sf leased on the 35th floor of 1100 Louisiana. The deal was crafted by Trione & Gordon and Hines Interests.
HOUSTON-Bankruptcy court approves Intell as the buyer, but rejects a bid by Houston taxing bodies to collect their money at closing. Instead, they must notify creditors they're taking their place at the front of the line when checks are cut.
HOUSTON-Opus West teams with Alliance Communities for its first multifamily project in Texas. The Broadstone Lofts at Uptown will be 223 units in the Galleria submarket. The duo intends to roll more than $200 million in projects into the JV pipeline.
HOUSTON-An accounting firm takes 2,489 sf at Regency Square Tower and a petroleum-related business goes for 1,848 sf at 3555 Timmons. Unilev Management is the lucky building owner in a submarket with a 20.71% vacancy.
HOUSTON-Related Capital puts up $6.5 million in equity and affiliate, CharterMac, kicks in $11.9 million in exchange for revenue bonds. The capital will drive a ground-breaking within a month on the Emerald Bay Apartments in northeast Houston.
HOUSTON-The doors officially swing open on the 580,875-sf high-rise, the first office building to deliver in Houston's CBD in 16 years. Last night's gala attracted hundreds of business leaders to toast the debut of the 88%-leased landmark.
HOUSTON-The 10-year federal lease, always a highly sought prize, goes to the Shidler Group for its 1301 Fannin in Houston's CBD. Finish-out is under way in anticipation of a January 2003 move-in.
HOUSTON-Milestone Mortgage stays in the Westchase submarket, but switches the address. The firm exits 3200 Wilcrest for 10255 Richmond Ave., a 101,522-sf suburban office building that's now 63% occupied.
HOUSTON-China Shipping, an international freight company, renews and expands to beef up its total office area to 9,758 sf. The firm's contract takes the 114,891-sf office building to 75% occupancy.