HOUSTON-Two Houston law firms seal leases totaling 32,836 sf in the historic 1001 McKinney, which has just undergone a full remodeling. The historic building's grand facade is particularly attractive to such tenants, says the broker.
THE WOODLANDS, TX-Metro National will be launching its seventh senior living community in the Woodlands on an 8.4-acre tract that has just been bought. The Terrace at The Woodlands will deliver 250 units to the community.
HOUSTON-Stabil Drill, a supplier of oil field drilling equipment, has bought a four-building industrial complex in the city's northern tier. The buyer's broker says at least $100,000 will be going into upgrades.
HOUSTON-In an ongoing staff beef-up, Trione & Gordon has brought a finance director on board. The 20-year veteran, Mignon L. Heizer, had been director and controller for Houston law firm, Boyar & Miller.
HOUSTON-Area brokers have closed deals to put tenants into One Woodbranch Center in W. Houston and Pine Forest Business Center in the city's northern tier. The deals, like others in recent weeks, signify the strength of the city's industrial market.
HOUSTON-Storagequip, a Houston supplier, has acquired a 25,000-sf office-warehouse within a month of the build-to-suit delivering. Clay Development & Construction is the developer and seller of the northwest Houston property.
HOUSTON-Weingarten Realty Investors has completed the sale of $200 million in 10-year unsecured notes in a bid that keeps the door open for more acquisitions. The bond sale will be used to reduce a $350-million revolving credit line.
HOUSTON-A plan is in place to dispose of 94 Weiner's store and its sign-off has already been inked by US Bankruptcy Court in Delaware. The Needham, MA-based Ozer Group will be handling the asset sales, from in-store inventory to properties.
HOUSTON-A leading senior economist says the CBD's revitalization most likely will fall short of many people's expectations. The corner's been turned, but there is not enough steam to keep tenants from heading to the suburbs.
HOUSTON-The Vantage Cos. has signed a new tenant to a three-month-old spec building at its 25-acre Beltway 8 Business Park. Blackmon Mooring is taking 70, 000 sf of a 133,000-sf office-warehouse structure in a 10-year lease.