Office Building That Housed Energy Giants Sells At Massive Loss
After years standing vacant and depreciating in value, an Energy Corridor office building sold at a massive loss.
After years standing vacant and depreciating in value, an Energy Corridor office building sold at a massive loss.
The first quarter of 2022 is shaping up much like late 2021 when it comes to office vacancy in Houston.
It's a big vote of confidence in the office sector in the major markets where RMZ is planning to build.
Boston led the nation in office market performance, buoyed by massive leases and a big decline in sublease availability, CBRE reported.
At over 250K SF, Shell Oil company took the top spot easily in November, with no other Houston office lease breaking 200K SF.
The deal is reportedly for space at Harborside 1.
The developer plans to turn a former Department of Justice office building on New York Avenue NW into 255 apartments.
In-person working and parties are being called off as the coronavirus spikes across the U.S.
Some believe the pandemic is ending, but the changes it brought are still cutting into the downtown office market, and some owners can't service their debt.
To attract and retain today's top talent, many offices are offering amenities and environmental features that stand out among competitors.
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