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HOUSTON-The CBD, for the year, is now 650,694 sf in the red. Vacancy overall has edged up to 13.54%. Rent is flat. More job cuts are coming. The upshot is troubled times are ahead for the Houston office market, according to Trione & Gordon.
HOUSTON-Knowledge Reservoir adds 3,149 sf of direct space to its 7,458-sf office at Crescent's 1800 W. Loop South. The firm moved into the 10th-floor office in February 2001 in a deal with CHI Energy.
HOUSTON-Triple Net Properties assembles about a dozen investors to acquire the Wolf Pen Plaza in College Station, a Houston listing that drew a bevy of bidders for the 95%-occupied center. Its location, says the broker, is the best in town.
HOUSTON-The CBD, for the year, is now 650,694 sf in the red. Vacancy overall has edged up to 13.54%. Rent is flat. More job cuts are coming. The upshot is troubled times are ahead for the Houston office market, according to Trione & Gordon.
PASADENA, TX-Reagans USA, a manufacturer of thermoplastics products, is the buyer of the factory and about 15 acres at 9640 Bayport Blvd. The Calgon factory has been part of the Pasadena scenery since the early 1980s.
HOUSTON-Hines is partnering with Monthisa to build a 215,000-sf, seven-story office building near Madrid's downtown. Work gets under way in early 2003, with a late 2004 unveiling marked on the calendar.
HOUSTON-A Houston LP gets the loan at 6% interest for Harvest Hills, an apartment complex in the city's southwest submarket. The 22-year-old complex is a 98%-occupied property assessed at $10.5 million.
HOUSTON-The 65,900-sf suburban office building lands tenants for 17,170 sf to nudge it close to the filled mark. Insurance Associates of the Southwest signed for 14,947 sf of One Woodbranch Center near the Energy Corridor.
HOUSTON-The 65,900-sf suburban office building lands tenants for 17,170 sf to nudge it close to the filled mark. Insurance Associates of the Southwest signed for 14,947 sf of One Woodbranch Center near the Energy Corridor.
HOUSTON-The plan is to cut the channel to 45 feet from 40 feet and widen it to 520 feet from 400 feet. The only way to do it is to develop another disposal site--the intended use of the Jacintoport Boulevard property.