HOUSTON-A senior real estate professional has returned to the Grubb & Ellis fold after a seven-month sabbatical to re-start a former business. Doyle Toups says he's back because he misses the team. He now holds title to senior vice president.
SUGAR LAND, TX-Boise Cascade is making plans to pull out of Stafford and head to Sugar Land. The building materials supplier has just inked a 97,000-sf lease for a new distribution site.
THE WOODLANDS, TX-A 570-member workforce in Texas and Oklahoma will be consolidated in August 2002 when Chevron Phillips expects to take the keys to a 200,000-sf headquarters. The company has bought eight acres in The Woodlands for the campus
HOUSTON-For better than 20 years, Giorgio Borlenghi has worked and invested in the city's Uptown submarket. Now, his 27-story luxury high-rise is being one upped by his latest undertaking, a 30-story condominium project.
HOUSTON-Weingarten Realty is pushing full throttle in a buying spree being boosted from a 4.5-million common share sale. The money will go to pay down debt, rehab existing properties and fund more buys. Nineteen California shopping centers are under a $145.5-million contract.
HOUSTON-A $79-million hospital and medical office project gets unveiled Saturday by Methodist Health Care System. The owner has five more sites in the region that are ticketed for health-care facilities.
HOUSTON-US Development Group hopes to close June 30 on a 105-acre tract in Contra Costa County, CA. The property, being bought from a western Pennsylvania waste disposal operator, will be converted into a rail yard.
HOUSTON-Champps is poised to expand in Houston, getting ready for a groundbreaking on its second eatery. The 10,000-sf project will be built on 1.5 acres in the Willowbrook Shopping Center in the city's northwest sector.
HOUSTON-The city's CBD is riding high on a development wave. The energy industry, empty nesters and companies seeking in-town advantages are behind the boom. In the past five years, rents have jumped as much as $12 per sf.
HOUSTON-Caldwell Watson Real Estate Group has inked commercial leases for Greenspoint and northwest Houston. The largest transaction puts Aerie Network Services into 24,357 sf of warehouse space at the 64,000-sf Greens Crossing Phase III.