HOUSTON-Weingarten Realty Investors pumps just a little extra in the coffer, increasing its revolving credit line to $350 million from $200 million. There's no particular strategy in play other than business as usual for developing and buying properties.
HOUSTON-Six buyers have snagged nearly 180 acres of undeveloped land. The largest transaction, totaling 67 acres, occurs between the Houston Christian High School and E.L. Day, trustee.
HOUSTON-Boeing has expanded its 30,600-sf lease in the Armand Plaza, signing for another 16,000 sf. There's little doubt that it will eventually take over the remaining 17,400 sf of the 64,000-sf four-building complex.
BEAUMONT, TX-A small town gets an economic boost from an Omaha-based company, which is opening a call center that will bring 1,000 jobs to the community. Work is under way on the 35,000-sf facility that is expected to open in January.
HOUSTON-An older property is getting a $4-million renovation to bring it in line for on-line tenants. When done, Briar Forest Crossing will be fair competition for class A and B properties in west Houston.
HOUSTON-A Weimar, TX-based investor has finalized a 95-acre buy from Shell Oil Co., posting "for sale" signs for commercial, industrial and residential development. Shell has owned the acreage for several years, waiting for the right time to sell.
HOUSTON-The city's prosperity is at the crux of a AA bond rating, which will bolster a bond sale that begins today. The public improvement bonds total about $1.5 billion.
HOUSTON-Hines Realty snags a development deal for Cooper Cameron Corp., which has selected the city's west side for a 215,000-sf headquarters office tower. The project gets under way in January.
HOUSTON-A nightspot owner's life is definitely a "cabaret," with expansion plans becoming a prime attraction. The four-location Rick's Cabaret has just sealed a deal for an upscale club in Houston and has sights on a spot in Ft. Worth.
HOUSTON-Three Riverway and the Cabot Oil & Gas Building have new owners in deals that may be signaling a year-end flurry in the office tower market. Three Riverway fetches a reported $130 per sf and the Cabot Building, $160 per sf.