HOUSTON-Caldwell Watson's business has surged to the point that it's beefing up the office division. Veteran Mary Descant is the firm's new vice president. The promotion and a new hire are linked to beliefs that it's going to be a busy year.
HOUSTON-Williford Property Group has added a new member to its management portfolio, securing the 100,000-sf Timberway One in the Energy Corridor. Atlanta-based Brookdale Group owns the fully leased building along Interstate 10.
HOUSTON-The developer for the historic Commerce Towers has secured $38 million in funding from Chicago-based Corus Bank. After looking at the market and the project, the financing had been OK'd without any presales, says a VP.
HOUSTON-EastGroup Properties and Insight Realty plan to break ground in two months on 198,000-sf industrial project near the George Bush Intercontinental Airport. The development partners own 63 acres and this will be just the beginning stage.
HOUSTON-Dynacare Hermann Laboratories has taken a bold step to set up a medical lab outside the city's medical corridor. The firm has signed for a 66,800-sf spot at Interwood Business Park, a move that has even surprised the developer.
HOUSTON-A Harris County judge has rejected an injunction request filed by an attorney representing more than 500,000 UIRT shareholders. But the group has won the right to use UIRT shareholder information to jockey for more support to change the election process.
HOUSTON-A global logistics provider has inked a 19,200-sf lease for industrial space at Houston's Interwood Business Center. The German-based freight forwarder maintains more than 225 locations worldwide.
HOUSTON-The listing agent says calls are pouring in about a 5,600-sf building and less than a half acre that's come to market in the CBD's Midtown corridor. A family estate is hawking the property that is considered a high-value deal due to its location.
HOUSTON-Harris County's Mental Health/Mental Retardation Authority has signed for 8,805 sf in the Westchase submarket. The authority will locate its Southwest Family Resource Center in the Plazer Properties' holding.
CLEAR LAKE, TX-USX Realty Development has unloaded a 143,356-sf office building in a bid to divest itself of real estate holdings. The buyer, BGK Equities, is considered a value-add buyer in the Houston market.