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HOUSTON-The Houston-Galveston Area Council is renewing a 46,286-sf lease in the 3555 Timmons Lane building in the Greenway Plaza complex. The organization acts as a liaison for 148 governmental entities in southeast Texas.
DETROIT- Auto behemoth consolidating its engineering personnel into new office complex in expansion of its 680 acre Tech Center campus in Warren, MI. Move to bring together engineering functions that are scattered over 14 locations.
OAKLAND, CA-With the help of the Black Chamber of Commerce, two entrepreneurs plan an October opening for the Oakland Millennium Village retail complex in the J.J. Newberry building
ORLANDO-All of a sudden, few entrepreneurs are buying assets in volume anymore. Higher loan costs, stubborn sellers and a general institutional investor slowdown are combining to bring the market down to its lowest level in years in this tourist mecca.
CHARLOTTE-Clark Nexson Architecture & Engineering is leaving its current Charlotte offfice of 5,000 sf at 229 N. Church St. and is relocating to 7,500 sf at 1023 W. Morehead St. The former Carolina School Building, a 70-year-old structure, is the first in its market to achieve a $20 psf rent.
HOUSTON-The Principal Financial Group of Des Moines buys a two-building portfolio, totaling 300,000 sf, from Archon Financial. The city's improving office market is giving the city more luster in investors' eyes.