HOUSTON-PSINet Consulting Solutions has dramatically downsized its office and operation in the aftermath of an acquisition. The office has vacated three floors at the Southwest Bank Building and moved into 5,664 sf at 3050 Post Oak Blvd
HOUSTON-HyperDynamics is up and running with a 15,000-sf Integrated Technology Center. Everything that's needed for a mission-critical operation has been incorporated into the design.
LEAGUE CITY, TX-Marcus & Millichap has negotiated the sale of a 925-unit storage facility to an out-of-state buyer. The Houston region is attracting more and more buyers from out of state, thanks to a robust economy.
CHANNELVIEW, TX-A commercial painting company has decided to stay put in an 11,600-sf industrial site near Houston's ship channel. Lone State Equipment Services operates a state-of-the-art paint shop for commercial vehicles.
HOUSTON-Nippon Oil Exploration has renewed its corporate headquarters lease. The firm occupies 18,333 sf at the class-A San Felipe Plaza. Equity Office Properties owns the prestigious 959,000-sf building in the city's West Loop.
SUGAR LAND, TX-Primarily a residential developer, the Millis Group is moving into a new development arena, breaking ground on a class-A building in Greatwood. There is a void in the market and the deal is just too good to pass up, says the developer.
HOUSTON-A group of investors has snagged one of the few remaining frontage parcels along Loop 610. Buyer McCarty Drive LLC has construction crews working hard on a Ryder truck dealership.
HOUSTON-Four brokers gain senior director status at the Houston office for Cushman & Wakefield of Texas. The promotions involve brokers from every category, including David L. Chuoke who has been tapped to head up the financial services group.
HOUSTON-Weingarten is eliminating non-strategic assets, with Houston's Bellwood Shopping Center among the first to go. The revenue will be pumped into retail properties more in keeping with the REIT's growth strategy.
HOUSTON-Caldwell Watson has promoted a two-year employee to CFO. Tom Asch had joined the 10-year-old firm as its controller. Now, he's being tasked with fine-tuning financial reporting and investment plans.