LA PORTE, TX-With the deed now passed, the new owner will pump another $200,000 into rehabbing the Bayside Oaks as part of a repositioning plan to capitalize on the upside of a complex that was just 64% leased at sale time.
HOUSTON-Axis Property Advisors takes over leasing duties from the building owner of the 105,145-sf 700 Rusk building in the CBD. The team, which beat out two other firms, will have to get aggressive to fill the building's holes.
HOUSTON-Tenet Healthcare has signed an agreement to sell the 336-bed acute-care campus in River Oaks and a 190-bed facility in nearby Sharpstown to Hospital Partners of America of Charlotte, NC.
HOUSTON-A startup import company and a Los Angeles-based courier service will be setting up shop in 5,265 sf and 3,976 sf, respectively, in Vantage Cos.' buildings in the southwest and northwest submarkets.
LAKE JACKSON, TX-The Lakewood Manor Apartments has upside in the occupancy, which is in the low 80% range. The buyer, who owns another multifamily property in the area, placed a contract before Lakewood Manor made it to the market for $1.3 million.
PASADENA, TX-The San Jacinto College System will open doors in the spring on the newest technology building on the 100-acre campus. The three-acre project's delivery ends nearly two years of construction.
HOUSTON-The 352-unit Inwood Grove complex in the city's northwest submarket brings close to the $9.3-million asking price in a deal that required a loan assumption by the California buyer.
HOUSTON-Martin & Cannon, a group of attorneys and CPAs, re-ups an 8,177-sf office at 6363 Woodway Dr. while Primary Services, a personnel staffing firm, holds tight to 5,647 sf at 520 Post Oak Blvd. Both renewals were driven by economics, the broker says.
HOUSTON-Accudata Systems Inc. holds firm to an 11-year address in a medium-term signing for a 7,656-sf office. The IT company is one of the largest tenants in the class B office building at 13700 Veterans Memorial Dr.
HOUSTON-A Houston-based environmental consulting firm has left its days as a start-up firm behind and signed an expanded 16,050-sf lease for five years on Houston's east side.