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HOUSTON-Coats, Rose, Yale, Ryman & Lee signs a 10-year lease for 52,553 sf at Three Greenway Plaza. A law firm partner says the economics and minimal TI requirements seal the decision to move from 1001 Fannin St. The relocation takes place in early April.
HOUSTON-Weingarten uses a downREIT structure, debt assumption and cash to buy a 389,500-sf trio of grocery-anchored centers in San Leandro, CA and Raleigh, NC area. The $71.5-million purchase comes with nearly full product in strong markets.
HOUSTON-Mayor Bill White and others are lobbing a hard campaign for corporate relocations, using pro-business dialogue, the usual incentives and the CBD's 21% vacancy in a 42-million-sf office inventory as bait.
HOUSTON-An investment group from Honolulu gets the purchasing power from JPMorgan Mortgage Capital in a 30-day loan processing by arrangers in Portland and Houston. The 10-year loan, with a sub-6.25% fixed-interest rate, has a 75% LTV.
CLEAR LAKE, TX-Twenty Twenty Properties buys two more buildings in Johnson Space Center's homeport. Word on the street is the fully leased twins, Clear Lake I and II, reel in about $10 million for seller, ING Clarion, after a six-month run on the market.
HOUSTON-Comfort Supply, already committed to office/warehouse space in North Houston and Galveston, cuts a deal for a third location, signing for 14,148 sf in Beltway 8 Business Park as a consolidation location in the southwest submarket.
HOUSTON-Weatherford Center in the Galleria submarket sets the hook for the REIT's first acquisition from a fund now starting its third month. Sources tell GlobeSt.com that the fully leased asset trades for about $40 million or close to $155 per sf.
HOUSTON-Aurora Casket Co. slides into a pocket of warehouse space at Southpoint Business Park. The Indiana-based manufacturer gets one of the last remaining small distribution spots along the South Loop and the only one in a 161,000-sf building.
LaPORTE, TX-Katoen Natie Gulf Coast Inc., a supplier of plastic resins and petrochemical products, has ramped up production in a 1.2-million-sf terminal. Work wraps up on the 72-acre complex two years ahead of schedule.
LEAGUE CITY, TX-Within two months, American National Insurance Co. will wrap up work on a $20-million, 120,000-sf spec office building that developers hope will catch the eyes of tenants facing a possible squeeze if the US steps up its space program.
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Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
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Download ResourceFrom Placer.ai
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Download ResourceFrom Building Engines
Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource