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HOUSTON-The tenant will move in within three weeks to a 9,385-sf office at Calpine Center. In making a CBD office change, Avalon Advisors exits a sublease and doubles the office size with a medium-term direct lease.
HOUSTON-Hines is named one of four winners by the EPA for its annual Energy Star awards--and the only real estate firm in the lot. Since 1999, Hines has put strategies in place in 46 million sf of office properties to repeatedly earn the high-profile label.
DALLAS-Paragon Roofing Co. is packing up for a move inside the Dallas line after snagging an 11,700-sf freestanding building with ample yard space. In Lewisville, the tenant finds, signs and takes keys to an 11,327-sf duplex near Interstate 35.
PHILADELPHIA-Fahey, Hines, Blunt and McGowan--a team that completed more than $6 billion in investment sales transactions for Cushman & Wakefield here over the past decade--move to the metro office of rival CB Richard Ellis.
CHICAGO-JPMorgan Chase's acquisition of Bank One is the latest dash of cold water on an already soft Downtown office market, says GVA Williams Chicago president Rand A. Diamond, noting many of the 10,000 jobs expected to be lost in the merger could be here.
HOUSTON-Hines Nurseries Inc. re-ups 6,947 sf for the long term after spending the last four years in Parkview II at 333 Cypress Run on the city's west side. The renewal keeps the 64,841-sf office building at 100% occupancy.
NEW YORK CITY-This is the fourth acquisition by the fund, which expects to close an additional $350 million in purchases by the end of the next quarter. The fund is looking at properties in the top 20 markets.
STAMFORD, CT-The Diocese of Bridgeport signed a 99-year ground lease for a 2.8-acre parcel Downtown with Lowe Enterprises Inc. The California-based developer plans to build a 320,000-sf office building on the site.