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