HOUSTON-The high-tech industry has a new home in an area that's on its way to becoming Houston's carrier hotel corridor. Dallas-based Infomart has snagged 65 acres and plans to build up to seven buildings for IT clients.
HOUSTON-Offices2Share, based in New York City, and Houston's Boxer Properties are melding strategies to use the Internet to advance the short-term leasing market. One has the properties and the other, the technology.
HOUSTON-New Orleans' Whitney Holding has made its first move in Houston, acquiring American Bank. More buyouts or at the very least, more branches, are in store for its Houston strategy.
HOUSTON-Greenspoint Technology Center's comeback from a failing retail power center into a telecom hotel has just netted the owner more than $30 million. Yale USA Investment Corp. has taken title to the 300,699-sf structure.
HOUSTON-Area restaurateur Becks Prime is at the drawing boards for eateries in the Woodlands and Sugar Land. Known for its casual outdoor dining, the chain has acquired a little more than three acres total for lakeside restaurants.
HOUSTON-Big box retailer Wal-Mart has bought slightly more than 6.3 acres in northwest Houston, but not for a supercenter. Wal-Mart is planning a 40,000-sf neighborhood grocery store. Texas, Oklahoma and Arkansas are test markets for the concept, which now boasts a 17-store portfolio.
HOUSTON-Office rent is expected to go up in Houston, according to the latest summary by Cushman & Wakefield of Texas Inc. Year 2000 had ended with the strongest net absorption in two years and the pace will continue
HOUSTON-Hines' European subsidiary is the proud owner of 4.3 acres near Heathrow Airport in London. The two parcels are on the drawing boards for an aggregate 102,000 sf of industrial development.
HOUSTON-Another Houston medical office property and one in San Antonio have been tossed into the melting pot of Nashville-based Medical Properties of America. The company has earmarked up to $100 million for buys in five Texas cities.
HOUSTON-Hanover Co. is making sure it has its fair share of the Downtown revitalization. Its back-to-back loft projects, totaling 573 units, will deliver in spring and summer.