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During marketing efforts, HPE is remaining in its current campus until a new Houston location has been identified and built, and will lease back the facility until its new campus is complete.
After three years in an economic energy slump, Houston's office market is ready for a boost, although large energy giants profits in the fourth quarter were largely driven by continued lean budgets and staff reductions.
Two large office properties sold last year for more than $500 million each and tenants are flocking to the CBD to extend leases, demonstrating the rebirth and growth of Houston, even after a challenging year.
Richland zeroed in on 8100 Westpark due to its sought-after location with high visibility, as well as access to distribution routes and multiple entry points with three main ingresses, its CEO tells GlobeSt.com.
A new CBRE report finds oil producers are adapting to the new landscape by restructuring to focus on onshore operations, increasing rig and operator efficiency and exploring alternative energy sources.
Spaces chose Houston because of its solid workforce and pro-business environment that stimulates the city's economic landscape, and strong infrastructure, which provides support to growing industries.
A quarter of the country's total population will be in the elder years within the coming decade, along with pressure to cut costs and new technologies, to result in boosted demand for medical office properties.