HOUSTON-After 42 years in the same spot, the Federal Reserve Bank has decided to build a new headquarters and vault facility. The 270,000-sf project will break ground next year and is anticipated to take nearly two years to complete.
IRVING, TX-FedEx selects a "tried and true" project developer for a 60,000-sf expansion of its 110,000-sf software operations facility. Koll Corporate Development says the completed project will deliver in December.
AUSTIN-Purchasers secure nearly 250,000 sf of office space at average selling prices of $90 per sf. The deals signal the city's market is getting stronger, says the broker who did the negotiating.
DENVER-Going to the movies isn't going to be as simple as it used to be, with United Artists continuing closings nationwide in a debt restructuring strategy. UA's president says he's "not at all thrilled" with second-quarter reports.