HOUSTON-Stewart International makes a play for business in the Dominican Republic. The new office is a joint venture that has been grounded in local market representatives.
HOUSTON-Kirksey, an architectural firm, and general contractor Southwest CM and E pooled talents to create a 99,000-sf casino-arena for the Kickapoo Tribe of Texas. Construction is under way, with completion slated for late fall.
HOUSTON-A 52,615-sf office building in the southwest submarket gets a new owner as Dallas-based Prentiss Properties continues disposing of its non-core assets. The latest sale nets $10 million from the $56.4-million transaction.
HOUSTON-Utah's water rights legislation has sparked at least one title insurer to launch a new policy for water conveyance rights. Water rights are becoming more valuable than the land, says a company executive.
HOUSTON-A 22-year veteran, who has spent the last 12 at Transwestern, has moved over to Crescent Real Estate Equities' Houston region. Randolph C. Strait is the office's new vice president of leasing.
HOUSTON-LASV Enterprises is proceeding with plans to buy the Hilton in El Laguito, Cartegena, Colombia. The plan calls for incorporating a casino into the recently expanded 289-room facility.
HOUSTON-In an ongoing strategy to unload aging properties, United Dominion Realty Trust has sold five apartment complexes. The only one to go in Houston is the 124-unit Memorial Bend in the southwest submarket.
HOUSTON-Chubb Security Systems has selected its Northchase Plaza location for a high-tech central monitoring center for southern US commercial properties in its portfolio. The initiative sparks a lease expansion.