THE WOODLANDS, TX-Marriott International snags a management contract for a 345-room hotel in the Woodlands. The hotel project, which delivers in fall 2002, is an adjunct undertaking to the $52-million community's convention center.
HOUSTON-APC Holdings has closed a $4.4-million loan to develop a 33 1/2-acre parking facility at the Bush Intercontinental Airport in Houston. Holliday Fenoglio Fowler's Houston office has arranged the financing through a life insurance company.
HOUSTON-The attorney of a flood victim, who drowned June 9 in the elevator of the Bank of America building, draws a parallel to a fire in filing a gross negligent lawsuit against building owner Hines Interest and Setec Protection.
THE WOODLANDS, TX-The 27,000-acre Woodlands is aggressively pursuing a goal to make its Town Center into a 24-hour destination spot. The news plans to unfold call for a 225,000-sf shopping center and 27 acres of urban living.
HOUSTON-Holliday Fenoglio Fowler's Houston office has a new senior director in its investment sales group. Jeff Hollinden, who joined the firm last year, takes over the role at a time when he's looking for a buyer of a 734,743-sf CBD landmark building.
HOUSTON-One Park Ten Place in the Energy Corridor has turned over more space to Baker Energy in a recent signing. In all, the division of Pittsburgh-based Michael Baker Corp. will occupy 12,210 sf of the 34,427-sf office building.
HOUSTON-Chicago-based AMLI Residential adds another luxury complex to its Houston portfolio, which contains 2,505 units. The latest buy is the 334-unit Augusta Apartment Homesin Houston's Medical Center District.
HOUSTON-Huntington Properties of Houston has sold a 2 1/2-tract for one Louisiana retail center, while making advancing a plan for a 119,696-sf Albertsons-anchored complex in Lake Charles, LA. The grocery-anchored project is 65% pre-leased.
SPRING, TX-StanCorp Mortgage Investors, a niche lender, is providing a $2-million loan to Spanish Oaks Center Ltd., owner of a retail property in a suburb north of Houston. GMAC Commercial Mortgage's Houston office put together the fixed-rate financing.
HOUSTON-The latest office market report reflects a "stable and conservative environment" in Houston, with new supply and absorption just shades apart. Overall, rents are fairly flat, but CBD owners should heed concerns or face a suburban exit.