HOUSTON-Turner Construction wins a $45-million award to add 228,000 sf to the Houston Galleria and build a 2,700-space parking garage. For Turner, it's the third large contract it's grabbed in Houston's current building frenzy.
HOUSTON-Alliance Wood Engineering has signed a 44,065-sf renewal for the Atrium at Park Ten in the Energy Corridor submarket. The lease for the Koll Bren Schreiber property has been engineered by Houston teams from four brokerage firms.
HOUSTON-Too little information is available, say citizens questioning the terms of a proposed port merger between Houston and Galveston. A Houston port insider says the basics are place, but a full-blown report would just be too costly at this stage.
McALLEN, TX-For the past two years, maquiladoras have been responsible for generating upward of 2.6 million sf in projects to a base of about 11 million sf. Another 1.5 million sf is planned and more is sure to follow as border trade restrictions ease.
HOUSTON-John Deere Landscapes is tapping into the wholesale nursery market in Houston, buying about 22.3 acres near Interstate 45. Southwest Realty Advisors and Anderson Properties broker the land sale.
HOUSTON-After 14 months, Houston-based Stage Stores declares it has emerged from a Chapter 11 bankruptcy. Citigroup loans provide up to $125 million in working capital and as much as $200 million for customer accounts. There are 342 stores left in the chain.
NUEVO LAREDO, MEXICO-Hilton Hotels is up and running with its third Mexico hotel. The newest facility, a 120-room Garden Inn, delivers business-focused amenities to Nuevo Laredo, one of the busiest crossings along the border.
HOUSTON-The 1.3 million-sf First City Tower is getting a new look in an $8-million renovation. The owner of the 20-year-old office tower says the redo is a move to maintain its world-class status, a vital step in a CBD that's in the midst of numerous projects.
THE WOODLANDS, TX-Tharaldson Development Co. of North Dakota is undertaking its second Residence Inn project and fourth hotel in the Woodlands. Ground will break in mid-September on the 96-room project at Six Pines and Lake Woodlands Drive.
HOUSTON-United Investors Realty Trust is prepping for a shareholders vote Sept. 12 on resolutions for a takeover by Florida-based Equity One. The vote follows a settlement with a dissident stockholder group over investment policies.