HOUSTON-One year after its completion, the 253-unit 3333 Allen Parkway residential development is tagged "for sale" by developer Simmons Vedder. The broker in charge says the close-in property, primed for a condo conversion, could fetch $100 million.
HOUSTON-Brooks Equipment Co. will move into 7,875 sf at 5925 South Loop, signing a three-year lease for a multi-tenant structure situated six miles northwest of its soon-to-be-vacated warehouse. The new deal adds 3,000 sf of working space.
STAFFORD, TX-Gurwitch Products, 51% owned by Neiman Marcus, signs a medium-term lease for industrial space at 13259 N. Promenade Rd. as a consolidation location for operations in Dallas and Houston.
HOUSTON-The local developer is expected to break ground in early 2005 on a 1.4-acre tract, reportedly bought for close to $4 million. The project, though still unnamed, will place 300, class A units at the gateway to the Riverway Complex.
HOUSTON-A oil and gas drilling services firm has renewed its lease for 22,713 sf in the Westchase submarket. The firm has signed a long-term deal at a 310,296-sf suburban office structure.
HOUSTON-Australian John Greig has been inaugurated president of FIABC. The new leader vows to increase the organization's use of web technologies and partnership with the United Nations.
HOUSTON-Harris County Appraisal District will pay about $2 million per year for a 196,000-sf office building and parking garage along Northwest Freeway. Under the plan, Midway Cos. will turn over the deed for $100 when the lease expires.
HOUSTON-A 10-member task force concludes the city's building permitting method stacks up favorably with other cities, but picked customer service as the weakest link in the process after surveying 171 members of the development community.
SPRING, TX-A pizza shop, Philly Connection franchisee and Supercuts lease a combined 6,255 sf in neighboring centers at the crossroads of FM 2920 and Kuykendahl Road in a suburb north of Houston. One commits for 10 years and two ink five-year pacts.