Workers have until Sept. 15 to agree to return or take severance.
This week in Houston real estate news, two office trades, an office remodel, retail and hotel sales and more.
Tourmaline Capital Partners purchased a Coral Gables office complex that was on its way to foreclosure.
Selig Enterprises obtained a $245M, floating-rate CMBS loan to refinance 1105 West Peachtree, a 31-story office tower in Atlanta.
The company wants to sell a 30-property portfolio with office, multifamily and land assets included.
Office conversions to other uses have soared in 11 major UK city markets, with over half of the 6M SF in acquisitions in London, according to CBRE.
Paramount Group CEO Albert Behler and his family's companies took in payments for private planes, consulting and design services.
Achieved rents for trophy office space in D.C. averaged $96.10 per SF last quarter, a 9.1% year-over-year increase, according to CBRE.
Avison Young representatives expect that South Florida's office market will continue its slowdown.
Mueller, who quietly left JLL in December after 12 years with the brokerage, has now joined Newmark.
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