HOUSTON-A federal bankruptcy judge's OK on a motion to sell the former Galvez Mall, closed for four years, advances Island Realty's plan to buy the Galveston Island property for a 300,000-sf power center.
HOUSTON-The Port of Houston Authority says eminent domain may be necessary to gain control of 226 acres to accommodate a truck entrance for the proposed Bayport Terminal. The chemical company American Acryl owns the property.
HOUSTON-A $350-million makeover is under way at Bush Intercontinental Airport where the gate count will double, runways will be added and pollution will be cut by 90%. It's all part of a master plan that marks the largest expansion in the airport's history.
HOUSTON-The 12-story Galleria Financial Center and 25-story 2700 Post Oak Tower are in line for $8-million in renovations to public areas. Chicago-based TechSource Services has snared the project management contract.
HOUSTON-Stopping and asking for directions or waiting while agents flip through maps will fade away if UrbanRealtors.com has its way. The broker and home-consultant company has started installing GPS systems in vehicles to expedite clients' property searches.
HOUSTON-Until the last ballot's cast, Crescent Real Estate Equities won't say what looms in the future for Compaq Center, which is being eyed by the "Oasis of Love"-branded Lakewood Church. Voters decide Nov. 7 whether the Rockets and Comets get new stomping grounds.
HOUSTON-It's oh so sweet for De Leon Collections, a home decor importer that's signed an 18,275-sf lease at 1997 rates. The upscale importer is taking over space being vacated by Westwood Furniture, which is downsizing its Houston operations.
HOUSTON-Nine months after the project had been announced, 5 Houston Center is ready to break ground. The Crescent Real Estate Equities project is a 27-story, class-A high-rise being built Downtown, where the occupancy rate is 97%.
HOUSTON-The Right Start, a young children's retailer, has four stores in the planning stage for Houston. The first location will open at 2438 Rice Blvd. in a center owned by Rice Kelvin Partners Ltd.
HOUSTON-Cotton Moving & Storage is taking 55,000 sf of office and warehouse space at 3350 Rogerdale in a transaction that has been handled by Southwest Realty Advisors and the Staubach Co.