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HOUSTON-GFI Realty Services has acquired 2,500 units in 12 Houston area multifamily garden apartment complexes. Details of the huge deal are being kept under lock and key.
HOUSTON-The local industrial market has posted another downward performance, with 3.5 million sf of negative absorption and an overall vacancy rate of 10.74%.
HOUSTON-The Atwood Oceanics building in Park Ten has sold to an out-of-state investor for close to its asking price of $4.75 million. The building was sold by Houston's Insite Realty.
HOUSTON-LaBarge Pipe & Steel Co. has purchased a 38-acre site with a 102,400-sf building in northeast Houston for a pipe yard and epoxy coating facility that will create between 25 and 30 jobs for Houston.