HOUSTON-The Energy City will have a formidable place in the "New Geography," says a best-selling author. The digitization of the energy industry will make Houston equal in stature to Los Angeles as a high-tech center for the entertainment business.
HOUSTON-When NASA's a client, it's best to stay close is the thinking behind a lease renewal for 1331 Gemini in Clear Lake. John Frassanito & Associates, an industrial design firm, has renewed its 2,444-sf spot, where it has officed for the past four years.
HOUSTON-The Houston Telecom Exchange is welcoming its newest tenant, Global One. The telecommunications service provider is occupying 25,000 sf in the 216,000-sf high-tech undertaking of Insignia, Koontz McCombs and Blackacre Capital.
PASADENA, TX-Vista Medical Center Hospital will kick off a $750,000 redesign in April. The project gives and takes space, but brings no extra room for the 43-bed acute care center at 4301 Vista in a suburb south of Houston.
HOUSTON-The transfer of a five-acre tract, with an office-warehouse, might be part of a county expansion deal, says the broker. The property is located at 7901 El Rio in a densely developed corridor.
HOUSTON-Construction crews have descended on a 1.4-million sf project site that's taken three years to break ground. It's the largest investment office to be built Downtown in 20 years. Reliant Resources is grabbing 525,000 sf for the lead spot.
HOUSTON-J. Michael Boyd and R. Conrad Bernard are recipients of prestigious NAIOP awards from the Houston chapter. The duo have snagged the Lone Star award for brokering a sale-leaseback deal of four Baker-Hughes properties.
HOUSTON-Military Industrial Supply has renewed its spot at ProLogis' 9402 N. Loop East, an office-warehouse structure. Caldwell Watson and an in-house ProLogis rep, based in Houston, have negotiated the deal.
HOUSTON-There's new twist on an old game to use the sealed bid process for property dispositions. Cushman & Wakefield of Texas' Houston office has added the process to its client services' lineup, dedicating 10 employees.
HOUSTON-United Investors Realty Trust will get about $1.3 million in cash and hold a mortgage, totaling about $1.5 million, through 2006 for a buyer of a 51,656-sf shopping center in Lenoir City, TN. It is the fourth such sale for the REIT.