This week in Houston real estate news, a credit union buys an office building, Partners hires a CFO and more.
This week in Houston real estate news, a Pasadena retail vacancy is backfilled, new hires at CBRE and Whitestone REIT, and more.
Walgreens announced it will close its Houston distribution center and plans to lay off 159 people.
Houston is trying to plant millions of trees to help combat rising temperatures worsened by abandoned buildings and concrete lots.
President and CEO of Houston's Westchase District, Irma Sanchez, said the management district aims to be a 24/7 destination for businesses and residents.
Along with manufacturing interest, limited construction pipelines and solid top-end performances bolstered rental rates and occupancies in Houston.
While facing hopefully temporary cost increases, Houston's industrial market still benefits from its port and relative value for developers.
Industrial development in Houston increased three times as much as the U.S. as a whole during the first quarter.
A REIT affiliated with W.P. Carey sold the 40-story office building for less than half of its reported 2012 purchase price.
This week in Houston real estate news, new retail, multifamily and industrial developments, a 1M SF industrial portfolio sale and more.
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