Energy firms headed to new Energy Corridor digs
Houston-based Atwood Oceanics Inc. is relocating its corporate headquarters into a new building in the Energy Corridor as it seeks to modernize its office space in a competitive hiring environment....
View ArticleDeveloper of Houston’s tallest apartment building buys property next door
The company building the 40-story apartment tower at the northeast corner of Weslayan and West Alabama, just west of Greenway Plaza, has purchased the office building across the street. PM Realty Group...
View ArticleKiewit Energy leases bulk of new building in The Woodlands
This new office building under construction in The Woodlands will house construction and engineering firm Kiewit Energy Group, which has leased 70,561 square feet, according to The Woodlands...
View ArticleDowntown building to be imploded
Downtown’s former Houston Club building will be imploded this fall, the property owner said Thursday afternoon in an announcement that included details about plans to close a section of the tunnel...
View ArticleMidway moving forward on luxury apartments at Levy Park
The eight-story Avenue Grove apartments planned for a site in Midway’s Kirby Grove at Levy Park will be built in the shape of an E to increase the number of units with park views as well as private...
View ArticleReport explores global energy impact on real estate
An explosion in unconventional oil and gas development is having a dramatic impact on commercial real estate activity in Houston and other markets with a heavy focus on oil and gas operations,...
View ArticleExxon Mobil sells Greenspoint building
Exxon Mobil Corp. has sold a Greenspoint office building to a partnership between Stream Realty Partners and New York-based AllianceBernstein U.S. Real Estate Partners LP. The building, Eight...
View ArticleGet ready for more construction cranes downtown
The Downtown District released a development update Thursday that listed 14 projects under construction and 39 planned, representing $4 billion worth of new construction or renovation. The new projects...
View ArticleWest and north side dominate office construction, population
This map provides a glimpse at how Houston’s growth is mirroring the area’s office development, as the regions with higher population densities are where many of the new buildings are being developed....
View ArticleOffice, multifamily and industrial markets keep gaining
CBRE property experts across multiple sectors of the commercial real estate market spoke to journalists and economic development professionals Tuesday at a press event covering market trends. Here are...
View ArticleWhich suburb has the highest office rents?
The most expensive places to rent office space in the Houston area are downtown and parts west. But rents in The Woodlands, the master-planned community 27 miles north of the city center, are not far...
View ArticleSan Felipe Plaza picks up full-floor tenant
Personal injury law firm AkinMears signed a lease for the 45th floor of San Felipe Plaza, a 46-story tower at 5847 San Felipe. The nearly 20,000-square-foot deal brings the building to 90.4 percent...
View ArticleDowntown high-rise to be demolished next month
The Houston Club building will be imploded Sunday, Oct. 19, according to property owner Skanska USA Commercial Development, which announced an unrelated real estate project Monday. For months, Skanska...
View ArticleMemorial City building “tops out”
A crane lifts a 20-foot Texas pine tree on top of the Air Liquide’s new U.S. corporate headquarters in the Memorial City area Friday, Oct. 17. The company will move from the Galleria into the new...
View ArticleCorporate relocation activity shows slight diversification from energy
Over the past four years, 89 companies have expanded or relocated to the Houston area occupying 12.6 million square feet of office space, more than the other major Texas markets, a statewide report...
View ArticleAmegy Bank building hits market
Shorenstein Properties is selling Five Post Oak Park, the 28-story building it has owned since 2008. Built in 1982, the Galleria-area tower has 567,264 square feet of office space and a 1,673-space...
View ArticleRents in energy cities soar
Rents for high-end office space in cities with strong energy-sector employment have increased more than 25 percent on average this year, far higher than the 4.5 percent average increase in other major...
View ArticleExxon Mobil building sells to Houston property owner
Houston-based Fuller Realty Partners has purchased this seven-story building in the Greenspoint area. The building, now occupied by Exxon Mobil Corp, will soon be vacated as the energy giant moves into...
View ArticleTrammell Crow announces new west Houston office project
Trammell Crow Co. and Prudential Real Estate Investors have started construction on a new office building in west Houston, betting demand for office space will continue despite the recent plunge in oil...
View ArticleSouth Korean investors buy Galleria-area office tower
FG Asset Management, a South Korean alternative asset management and financial services firm, has closed on 3000 Post Oak, a 19-story office building in the Galleria area leased to engineering and...
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