HOUSTON-Despite the rosy kickoff with January's Super Bowl, the 2004 occupancy is predicted to dip 3% citywide and RevPAR will go down another 5% due in large part to a CBD building boom to add 2,200 rooms this year and next.
HOUSTON-Flooring Services of Texas has a Cadence McShane crew at work on the first building for a 60-acre tract bought three years ago. The $3.8-million warehouse and design center will deliver in April.
HOUSTON-Stetson & Associates, an educational consultant, holds firm to 4,000 sf and Anthis & Co, a financial planner and CPA, sticks with 2,716 sf at 13910 Champions Forest Dr. Both commitments are made for the medium term.
HOUSTON-Olson & Olson is packing its bags for the move to Wortham Tower, committing for the long term to 2727 Allen Parkway. The firm's decision ends a 20-year run at Three Allen Center, about 1.5 miles to the east.
HOUSTON-Two-year employee, John Nolan, becomes the first regional loan officer in Texas for Marcus & Millichap Capital Corp. His focus will be transactions in Texas' four metros and establishing relationships with local banks.
HOUSTON-Air Routing International renews early on 28,743 sf at 2925 Briarpark Dr. while striking a new deal for 2,242 sf in Columbia Centre in a disaster plan to keep its data center about two miles from its main hub.
HOUSTON-As planned, a group of investors turn over the $55.5-million check for the deed to the "tilted E's" longtime 1.3-million-sf headquarters at 1400 Smith St. Documents show Enron will be assessed $15,616 per day in rent for 671,908 sf through March 31.
HOUSTON-In a twice-failed sale, North Junction Plaza has finally traded to a California investment group that did what others could not. The 95%-leased center, rebuilt four years ago, was tagged for sale at $11.4 million.
LEAGUE CITY, TX-The city and Big League Dreams of Chino Hill, CA are within weeks of starting a project that's been nearly two years in the making. The 40-acre park, with scaled-down versions of famous fields, will be ready in January 2005.
HOUSTON-The McGehee & Pianelli attorneys sign a medium-term lease for a 10-year address at 1225 N. Loop West after looking around and coming close to an exit. Economics and property image seal the decision to stay, the tenant's rep says.