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HOUSTON-It's been about six months since Capital Commercial Investments bought a Houston building. A sale-leaseback possibility ends the wait. Final papers are inked with a plumbing supplier for a northwest submarket building.
HOUSTON-A clothing provider to Third World countries lines up a spot in Northeast Houston, getting more space for its corporate headquarters and warehouse. Caldwell Watson and CB Richard Ellis broker the deal for 1414 Sakowitz.
HOUSTON-Mikob Properties of Houston gets a $5.5-million loan from Freddie Mac for its 135-unit second phase to the 316-unit Kensington Club Apartments in Southwest Houston. A NorthMarq Capital team in Houston arranged the refinancing.
HOUSTON-Washington Mutual Bank heads into 3,117 sf at One Northchase Park, an 85,213-sf office property in Northwest Houston. The suburban office building was part of a seven-building acquisition completed last year by Caldwell Watson.
KATY, TX-Compass Bank finances the latest project of multifamily developer, Judwin Properties. Work is under way on the 276-unit Ashley House. Meanwhile, the developer already is huddling over possibilities for another Katy tract.
LAREDO, TX-A recent Grubb & Ellis report tickets Laredo as the border town to watch this year for owner-occupied and build-to-suit projects. In 2001, the town's industrial sector absorbed 2.5 million sf, most of which was in the northwest submarket.
HOUSTON-Aluma Systems, based in Houston, finalizes a deal for the Bayport North Industrial Park. Work is beginning on a 14,000-sf build-to-suit project going up on eight acres now leased to the construction industry supplier.
CLEAR LAKE, TX-Talk of NASA cutbacks has Clear Lake brokers taking inventory stock. It's an old scenario being played out in a submarket with 45% of its office space filled by tenants with direct ties to human space exploration.
HOUSTON-Accudata Systems secures 7,656 sf at the 13700 Veteran Memorial Dr. office building while Estate Resources preps for a move into 2,272 sf. The 67,285-sf Northchase Place is well above the 80%-occupied mark with the new deals.
CLEAR LAKE, TX-Talk of NASA cutbacks has Clear Lake brokers taking inventory stock. It's an old scenario being played out in a submarket with 45% of its office space filled by tenants with direct ties to human space exploration.