DOCSLIB.ORG

Cbd Class B Market Office Lease Options

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

CBD CLASS B MARKET OFFICE LEASE OPTIONS Prepared for: May 6, 2015 Prepared by: Transwestern Bobbie Bozarth, Senior Vice President 713.272.1221 [email protected] TARGETED BUILDINGS COMPARISON CHART HOUSTON, TX ‐ CBD CLASS B BUILDING NAME & ADDRESS ESPERSON 4 HOUSTON CENTER CULLEN CENTER 1001 MCKINNEY 808 TRAVIS 919 MILAM 801 TRAVIS 1221 LAMAR 600 JEFFERSON BUILDING NUMBER 123456 BUILDING RSF / # FLOORS 375,440 / 23 599,107 / 27 542,919 SF / 24 220,380 / 21 674,246 / 16 449,087 / 20 BUILDING CLASS: BBBBBB YEAR BUILT: 1947/RENOVATED 2015 1941/RENOVATED 2014 1956/RENOVATED 2006 1981/RENOVATED 2011 1983 1972/RENOVATED 1998 AVERAGE FLOORPLATE: 20,001 31,000 22,602 19,500 42,140 21,600 COMMON AREA FACTOR: 23% 19.50% 22% 22% 20% 22% OCCUPANCY: 85.30% 65.50% 87.50% 83.10% 75.60% 97.00% LEVEL 10 ‐ 6,644 SF LEVEL 15 ‐ 10,318 SF SUITE 420 ‐ 5,164 SF SUITE 1135 ‐ 5,670 SF LEVEL 10 ‐ 11,172 SF LEVEL 13 ‐ 6,319 SF LEVEL 18 ‐ 6,842 NRA FLOOR 18 ‐ 14,749 SF SPACE OPTIONS: SUITE 2100 ‐ 6,027 SF LEVEL 13 ‐ 4,788 SF (DIVISIBLE) LEVEL 14 ‐ 4,736 SF SUITES 1810 & 1830 ‐ 9,350 (DIVISIBLE) SUITE 1675 ‐ 6,173 SF LEVEL 20 ‐ 5,633 SF LEVEL 23 ‐ 4,689 SF NRA (LARGER SPACES DIVISIBLE) QUOTED RENTAL TERMS: SUITE 420 ‐ $19.50 NNN LEVELS 10‐14 ‐ $16.00 NNN SUITE 2100 ‐ $22.00 NNN LEVEL 23 ‐ $18.00 NNN $21.00 NNN $20.50 NNN $23.00 NNN $18.50 NNN TENANT IMPROVEMENT ALLOWANCES: $30.00 SF $35.00 SF $25.00 SF $25.00 SF $20.00 SF NEGOTIABLE ESTIMATED OPERATING EXPENSES: $14.21 SF $12.37 SF $13.25 SF $11.00 SF $12.56 SF $11.35 SF SIGNAGE: DIRECTORY DIRECTORY DIRECTORY DIRECTORY DIRECTORY DIRECTORY 1/1,000 SF 2/1,000 SF 1/1,000 SF 1/1,000 SF 2/1,000 SF $185‐$210/SPC/MO‐ 1.1/1,000 SF PARKING RATIO: $155/SPC/MO‐UNRESERVED $165/SPC/MO‐UNRESERVED $225/SPC/MO‐UNRESERVED $185/SPC/MO‐UNRESERVED UNRESERVED $175/SPC/MO‐UNRESERVED $210/SPC/MO‐RESERVED $230/SPC/MO‐RESERVED $400/SPC/MO‐RESERVED $240/SPC/MO‐RESERVED $315.00/SPC/MO‐RESERVED $275/SPC/MO‐RESERVED ALLIED RISER, COGENT, MCI, ABOVENET, AT&T, COGENT, FIBER PROVIDERS: VERIZON, PHONOSCOPE, TIME COMCAST, LOGIX, LOGIX, COGENT, AT&T, LOGIX, COGENT, AT&T, WARNER, LOGIX AND AT&T AT&T, QWEST, EARTHLINK, PHONOSCOPE, QWEST, TW COMCAST, TW TELECOM, PHONOSCOPE PHONOSCOPE UVERSE CBEYOND, TELWEST TELECOM, VERIZON VERIZON, ABOVENET ON SITE MANAGEMENT, ON BUILDING AMENITIES: SITE ENGINEER, RESTAURANT, CONFERENCING FACILITY, FOOD FOOD COURT, ON SITE BUILDING CONFERENCE ROOM, ON SITE MANAGEMENT, ON SITE MANAGEMENT, FOOD COURT, ON SITE COURT, ON SITE MANAGEMENT BANKING PRIVATE CLUB RESTAURANT, BANKING MANAGEMENT, BANKING MANAGEMENT, BANKING BUILDING SECURITY: 24 HOUR PROPERTY 24 HOUR PROPERTY 24/7 SECURITY MONITORED PERSONNEL 24/7 SECURITY MONITORED PERSONNEL 24/7 SECURITY 24/7 SECURITY CREDIT SUISSE ASSET JP MORGAN CHASE/ BUILDING OWNER: CAMERON MANAGEMENT CAMERON INTERESTS MANAGEMENT LPC REALTY ADVISORS CRESCENT REAL ESTATE STREAM REALTY PARTNERS ADDITIONAL NOTES: LEED SILVER‐2009 LEED GOLD‐2011 LEED GOLD/ENERGY STAR ENERGY STAR‐2013 ENERGY STAR‐2014 ENERGY STAR‐2014 ENERGY STAR‐2013 5/6/2015 Copyrighted report licensed to Transwestern - 523890. Page 1 SUITE 420 AVAILABLE 5,164 NRA WALKER AVENUE FANNIN STREET FANNIN MAIN STREET MAIN 0 1 4 10 25 50 FEET NORTH PLAN McKINNEY AVENUE 1001 McKinney Level 4 1001 McKinney, Houston, Texas 77002 02.09.15 Space planning provided by Gensler For leasing information, contact Joe McCluan 713.333.1001 [email protected] www.cameronmanagement.com WALKER AVENUE KITCHEN MECH. ROOM ELEVATOR CHASE LOBBY EXISTING GRATE PLATFORM STAIR MEN MAIN STREET MAIN FANNIN STREET FANNIN CORRIDOR WOMEN MAIN ADA ENTRY CONFERENCE ROOM SUITE 2100 VACANT 6,027 NRA McKINNEY AVENUE 0 1 4 10 25 50 FEET NORTH PLAN 1001 McKinney Level 21 1001 McKinney, Houston, Texas 77002 10.07.14 Space planning provided by Gensler For leasing information, contact Joe McCluan 713.333.1001 [email protected] www.cameronmanagement.com ESPERSON LANDMARK 599,107-SQUARE-FOOT BUILDING IN THE HEART OF THE CENTRAL BUSINESS DISTRICT AMENITIES + FEATURES PARKING • 7‐Story Parking Garage with Access Control • Parking Rao 1:1000, Reserved & Unreserved • Valet Visitor Parking BUILDING • 7 am ‐ 7 pm Monday Through Friday HOURS • 9 am ‐ 3 pm on Saturday AMENITIES • Esmated 2015 Operang Expense: • Office $12.37 • Retail $9.86 • Awarded 2004 BOMA Historical Office Building of the Year • On‐Site Property Management, Leasing, and Engineering • Retail Amenies / Food Courts • Building Conference Room • Kastle Systems Card Key Access • 24‐Hour Property Monitoring Personnel • Surveillance Cameras • LEED Registered CONNECT • Fiber Opc Data, Internet, Cable, Voice HVAC • Aer Hours Air @ $100/HR/Zone ELEVATORS • Niels Building: 6 Passenger Elevators • Mellie Building: 8 Passenger Elevators and LEASING INFORMATION 1 Freight Elevator LOCATION Prime Office Space in Central Business District • 2 Garage Passenger Elevators Tunnel connected BUILDING 599,107 RSF Built: Niels Building 1927; Mellie Building 1941 FLOORS Niels Building 27 Floors; Mellie Building 19 Floors Both Buildings connected to Parking Garage AVAILABLE Retail & Office Space COMMON Mul Tenant – 19.5% AREA Single Tenant – 8.85% Michael Ross Jano Nixon Kelley Director of Leasing Director of Markeng 713.224.1663 713.224.1663 [email protected] [email protected] CLASSIC BUILDINGS . CLASS A SERVICE . CONNECTING THE DOTS 808 TRAVIS, SUITE 102 • HOUSTON, TEXAS 77002 • CAMERONMANAGEMENT.COM MILAM RUSK WALKER TRAVIS Esperson Level 10-Suite 1001, 1005, 1008 6,644 RSF 808 Travis, Houston, Texas 77002 10.09.14 Space planning provided by Gensler For leasing information, contact Jano Nixon Kelley 713.224.1663 x 284 [email protected] www.cameronmanagement.com MILAM RUSK WALKER TRAVIS Esperson Level 13 - SUITE 1345 6,319 RSF 808 Travis, Houston, Texas 77002 10.09.14 Space planning provided by Gensler For leasing information, contact Jano Nixon Kelley 713.224.1663 x 284 [email protected] www.cameronmanagement.com MILAM RUSK WALKER TRAVIS Esperson Level 14—Suite 1450 (4,736 RSF) 808 Travis, Houston, Texas 77002 02.19.15 Space planning provided by Gensler For leasing information, contact Jano Nixon Kelley 713.224.1663 x 284 [email protected] www.cameronmanagement.com MILAM RUSK WALKER TRAVIS SUITE 2300 CALYPSO EXPLORATION 4,689 RSF (4,654 RSF) 02/29/16 Esperson Level 23 808 Travis, Houston, Texas 77002 04.08.15 For leasing information, contact Michael Ross 713.224.1663 [email protected] www.cameronmanagement.com 3 919 Milam St - 919 Milam Location: 919 Milam Building Type: Class B Office AKA 910 Travis St Downtown Cluster Status: Built 1956, Renov 2006 CBD Submarket Stories: 24 Harris County RBA: 542,919 SF Houston, TX 77002 Typical Floor: 22,602 SF Developer: - Total Avail: 127,546 SF % Leased: 87.5% Management: CBRE Recorded Owner: Milam Houston Real Estate Holding, Inc. Expenses: 2014 Tax @ $4.68/sf Parcel Number: 0011410000001, 0011410000002, 0011410000003 Parking: Ratio of 1.00/1,000 SF Amenities: Banking, Controlled Access, Convenience Store, On Site Management, Restaurant, Security System Floor SF Avail Floor Contig Bldg Contig Rent/SF/Yr + Svs Occupancy Term Type P SUBWY 2,446 2,446 2,446 $21.00/nnn Vacant Negotiable Direct P SUBWY 2,220 2,220 2,220 $21.00/nnn Vacant Negotiable Direct P SUBWY 2,428 2,428 2,428 $21.00/nnn Vacant Negotiable Direct P SUBWY 899 899 899 $21.00/nnn Vacant 5-10 yrs Direct P SUBWY / Suite T-100 1,477 1,477 1,477 $21.00/nnn Vacant Negotiable Direct P SUBWY / Suite T-1100 3,939 3,939 3,939 $21.00/nnn Vacant Negotiable Direct P SUBWY / Suite T-1300 776 776 776 $21.00/nnn Vacant Negotiable Direct P SUBWY / Suite T-300 926 926 926 $21.00/nnn Vacant Negotiable Direct P 1st 3,735 3,735 3,735 $21.50/nnn Vacant 5-10 yrs Direct P 1st 2,732 2,732 2,732 $16.00/fs Negotiable Thru Sep 2016 Sublet P 1st / Suite 105 2,446 2,446 2,446 $21.50/nnn Vacant 5-10 yrs Direct P 1st / Suite 111 2,220 2,220 2,220 $21.50/nnn Vacant 5-10 yrs Direct 5/6/2015 Copyrighted report licensed to Transwestern - 523890. Page 6 777 POST BLVD. SUITE 350 HOUSTON, TX 77056 O: 713.622.8899 F: 713.622.5655 COFFEE ICE TRASH MICRO. MICRO. REF. 60" MONITOR TRASH MICRO. MICRO. ICE COFFEE COPIER, NIC 777 POST BLVD. SUITE 350 HOUSTON, TX 77056 O: 713.622.8899 F: 713.622.5655 COFFEE ICE TRASH MICRO. MICRO. REF. 60" MONITOR TRASH MICRO. MICRO. ICE COFFEE COPIER, NIC 777 POST BLVD. SUITE 350 HOUSTON, TX 77056 O: 713.622.8899 F: 713.622.5655 FULL FLOOR AVAILABLE . Approximately 19,500 can be made available on the 15th floor. Up to 14,749 contiguous square feet on the 18th floor. MAJOR RENOVATION COMPLETED 2014 DIRECT ACCESS TO DOWNTOWN TUNNELS ADJACENT TO THE NEW JW MARRIOTT PARKING 2/1000 IN PARKING GARAGE PARKING GARAGE WITH AUTOMATED EZ TAG ENTRY ON SITE MANAGEMENT CONVENIENT DOWNTOWN LOCATION 24/7 SECURITY MONITORED BY A GUARD STATION For more information, please contact: Virgil Hydes [email protected] 713.661.7800 www.LPCHouston.com 27,259 TOTAL SF AVAILABLE Suite Sq. Ft. 130 1,838 150 4,110 1300 1,812 1525 2,182 1610 1,545 1800 14,749 2101 1,023 For more information, please contact: Virgil Hydes [email protected] 713.661.7800 www.LPCHouston.com 5 1221 Lamar Ave - 4 Houston Center - The Shops At Houston Center Location: 4 Houston Center Building Type: Class B Office/(Community Center) AKA 1331 Lamar Ave Downtown Cluster Status: Built 1983 CBD Submarket Stories: 16 Harris County RBA: 674,246 SF Houston, TX 77010 Typical Floor: 42,140 SF Developer: Spectra Energy Partners, LP Total Avail: 194,297 SF % Leased: 75.6% Management: CBRE Recorded Owner:
Recommended publications
  • DOWNTOWN the OAKS Hobby Airport 24 M I N

    DOWNTOWN the OAKS Hobby Airport 24 M I N

    THE WOODLANDS KINGWOOD TOMBALL SPRING ATSCOCITA 290 HUMBLE LOCATION WILLOWBROOK 59 CYPRESS 90 6 The Heights 15 min. IAH 99 River Oaks 17 min. 45 West University Place 14 min. Memorial 23 min. 290 59 90 The Galleria 16 min. THE Tanglewood 17 min. HEIGHTS 10 KATY MEMORIAL 10 The Medical Center 19 min. 610 TANGLEWOOD RIVER DOWNTOWN THE OAKS Hobby Airport 24 m i n . GALLERIA WEST George Bush Intercontinental UNIVERSITY 27 m i n. THE Airport (IAH) PLACE MEDICAL PORT OF CENTER HOUSTON 610 Sugar Land 27 m i n. 59 Port of Houston 40 min. Trinity Bay 99 Baybrook 32 min. HOBBY AIRPORT 90 Katy 37 min. 45 Cypress 35 min. Galveston Bay 288 SUGAR LAND BAYBROOK The Woodlands 36 min. 59 6 PEARLAND Kingwood 38 min. 65,720 150,000 22 residents currently live employees work Hotels downtown downtown (2 mile radius) 11 2,936 220,000 million people attend downtown Houston new residential units people visit downtown culture and entertainment planned or under on a daily basis attractions annually construction 1.2 million 7, 300 1,500 43.7 million 1.5 million people stay in downtown hotel rooms new hotel rooms SF of existing SF of office under Houston hotels annually under construction office space construction MAJOR EMPLOYERS Franklin Franklin Lofts? Old Cotton Islamic Hermann The Corinthian Harris Exchange Dawah Center Harris Lofts County County Family Law Harris Garage Center County Foley Sally’s Hotel Icon Congress Plaza Civil Courthouse George Bush Building (Jury Assembly) House Monument Congress Market Market 1414 Square Congress Garage Square Houston Hamilton Street Sesquicentennial Harris County Ballet Park Residences Majestic 1910 Courthouse Harris County Park Metro Harris County Juvenile Justice Admin.
  • Houston's Office Market Weakens Over the Quarter and Braces Itself Moving

    Houston's Office Market Weakens Over the Quarter and Braces Itself Moving

    Research & Forecast Report HOUSTON | OFFICE Q1 2020 Houston’s office market weakens over the quarter and braces itself moving forward amid $20 oil Lisa Bridges Director of Market Research | Houston Commentary by Patrick Duffy MCR Market Indicators Annual Quarterly Quarterly Colliers generally uses this space to discuss the trends we see Relative to prior period Change Change Forecast* in market data and in conversations we have with our clients, prospects and friendly competitors. We take that data and attempt VACANCY to project activity going forward. The bulk of the first quarter was, NET ABSORPTION for all practical purposes, pre-COVID. Net “move-in” data, as well as new leases signed, were likely unimpacted for Q1 based on the DELIVERIES virus or only marginally impacted. Our industry has a lead time of UNDER CONSTRUCTION at least 4-6 months before a lease is signed or space made ready for occupancy. The real impact of this COVID crisis will not present *Projected in the data until later in Q2. Inertia will carry us for a few more weeks. The world is focused on the COVID driven economic slowdown. Houston has two issues to watch – COVID and a collapse in oil prices. The oil issue is driven by Saudi Arabia and Russia failing to reach an agreement on production and by the severe decline of oil and gas demand driven by the COVID shutdown. Oil has been Summary Statistics Houston Office Market Q1 2019 Q4 2019 Q1 2020 in the low 20’s since the collision of these two events. The Energy Information Administration is projecting that supply will continue to Vacancy Rate 19.4% 19.8% 20.0% outpace demand for the balance of this year by approximately 10MM barrels per day.
  • Download Flyer

    Download Flyer

    LOCATION THE WOODLANDS 69 THE LOCATION. TOMBALL KINGWOOD SPRING DOWNTOWN HOUSTON. 249 290 IAH 45 ATASCOCITA 59 CYPRESS HUMBLE 15 mins The Heights 4.7 miles 28 mins Sugar Land 20.7 miles 13 mins River Oaks 5 miles 35 mins Port of Houston 27.2 miles JERSEY VILLAGE BAYTOWN 16 mins West University Place 7.7 miles 30 mins Baybrook 21.9 miles 69 90 24 mins Memorial 15.9 miles 33 mins Katy 29 miles 6 610 CHANNELVIEW THE 10 HEIGHTS KATY MEMORIAL 10 15 mins The Galleria 8 miles 33 mins Cypress 27.5 miles TANGLEWOOD RIVER DOWNTOWN PORT OF THE OAKS HOUSTON GALLERIA 17 mins Tanglewood 8.9 miles 33 mins The Woodlands 30.3 miles WEST UNIVERSITY THE BELLAIRE PLACE MEDICAL 225 59 CENTER DEER PARK 18 mins The Medical Center 5.6 miles 37 mins Kingwood 28.8 miles 610 HOBBY 99 AIRPORT 25 mins Hobby Airport 11 miles PASADENA STAFFORD George Bush Intercontinental 90 SUGAR LAND 28 mins 21.4 miles Airport (IAH) MISSOURI CITY 45 69 GREATWOOD PEARLAND FRESNO 288 FRIENDSWOOD LEAGUE CITY 35 ICONIC. EVEN AMONG ICONS. 150,000 MAJOR EMPLOYERS 75,000 Employees Work Downtown Residents Currently Live in Greater Downtown 220,000 People Visit Downtown on a Daily Basis 7, 7 78 Existing Hotel Keys 11 Million People Attend Downtown Houston Culture 22 & Entertainment Attractions Annually Hotels 43.7 million 1.2 million SF of Existing Office Space People Stay in Downtown Houston Hotels Annually THE WOODLANDS 69 TOMBALL KINGWOOD SPRING 249 290 IAH 45 ATASCOCITA 59 CYPRESS HUMBLE JERSEY VILLAGE BAYTOWN DEMOGRAPHIC SUMMARY.
  • A Tale of Two Tunnels: Exploring the Design and Cultural

    A Tale of Two Tunnels: Exploring the Design and Cultural

    A TALE OF TWO TUNNELS: EXPLORING THE DESIGN AND CULTURAL DIFFERENCES BETWEEN THE HOUSTON TUNNEL SYSTEM AND RESO (UNDERGROUND CITY, MONTREAL) HONORS THESIS Presented to the Honors College of Texas State University in Partial Fulfillment of the Requirements for Graduation in the Honors College by Brett Provan Chatoney San Marcos, Texas May 2019 A TALE OF TWO TUNNELS: EXPLORING THE DESIGN AND CULTURAL DIFFERENCES BETWEEN THE HOUSTON TUNNEL SYSTEM AND RESO (UNDERGROUND CITY, MONTREAL) by Brett Provan Chatoney Thesis Supervisor: ________________________________ Eric Sarmiento, Ph.D. Department of Geography Approved: ____________________________________ Heather C. Galloway, Ph.D. Dean, Honors College Table of Contents Acknowledgements………………………………………………………………………..ii Abstract………………………………………………………………………………...….1 Introduction………………………………………………………………………………..2 Background and Literature Review ………………………………………………………4 Research Questions, Study Limitations and Study Area………………………………...18 Findings and Analysis……………………………………………………………………24 Conclusion……………………………………………...………………………………..44 Appendix……………………………………………...………………………………….47 Bibliography………………………………………………………...…………………...69 i ACKNOWLEDGEMENTS First and foremost, I would like to thank Eric Sarmiento for his guidance throughout this process. Without his help and information on urban tunnels and public gathering spaces I would not have been able to complete this process. Thank you, Dr. Sarmiento, for making this process a success. Next, I would like to thank my other geography professors, especially Dr. Weaver. Dr. Weaver has guided me through my years as an Urban and Regional Planning major and has helped me better understand the panning discipline and profession. Thank you, Dr. Weaver, for your help throughout the years and for instilling my understanding of the planning profession. I would be remiss if I did not thank the Texas State University Undergraduate Research Fund (URF). Through their generous scholarship of 820 dollars I was able to travel to Montreal for this study.
  • Allen Center

    Allen Center

    Rebirth of Downtown The rebirth of downtown Houston as an attractive living, lodging, dining and entertainment destination coupled with existing daytime population presents the opportunity to provide a true sense of place. Houston’s THE WOODLANDS Core The Heights 5 min. KINGWOOD TOMBALL SPRING River Oaks 10 min. ATSCOCITA West University Place 11 min. 290 HUMBLE Memorial 15 min. WILLOWBROOK 59 CYPRESS 90 The Galleria 16 min. 6 Tanglewood 19 min. IAH 99 45 The Medical Center 19 min. Hobby Airport 23 min. 290 59 90 George Bush Intercontinental 27 m i n. THE Airport (IAH) HEIGHTS 10 KATY MEMORIAL 610 10 Sugar Land 28 min. TANGLEWOOD RIVER DOWNTOWN THE OAKS GALLERIA Port of Houston 30 min. WEST UNIVERSITY THE PLACE MEDICAL PORT OF CENTER HOUSTON 610 Baybrook 30 min. 59 Trinity Bay Katy 33 min. 99 HOBBY AIRPORT 90 Cypress 36 min. 45 Galveston Bay The Woodlands 37 min. 288 SUGAR LAND BAYBROOK 59 6 PEARLAND Kingwood 37 min. Downtown by the numbers 66,838 158,000 27 residents currently employees work Hotels live downtown downtown 11 1,779 new residential units 220,000 million people attend downtown planned or under people visit Houston culture and construction downtown on entertainment attractions a daily basis annually 1.2 51.4 1.2 million 8,228 150 million million people stay in hotel rooms new hotel SF of SF of office downtown Houston rooms under existing under hotels annually construction office space construction MAJOR EMPLOYERS Elysian Viaduct Sterrett William Street 1318 Studios RicheyNance McKee William Street Lofts Sterrett Walnut Sterrett Dakota Street Lofts Townhomes N.
  • Houston Office Marketbeat 1Q 2018

    Houston Office Marketbeat 1Q 2018

    MARKETBEAT Houston, Texas Office Q1 2018 HOUSTON OFFICE Economy Metro Houston created 62,900 new jobs in 2017, up 36.7% from Economic Indicators the Texas Workforce Commission’s (TWC) original estimate of 12-Month Q1 17 Q1 18 46,000. TWC’s recent revisions to employment also included Forecast adjustments to prior years, and previously reported job gains in Houston Employment 3,005K 3,063K 2015 and 2016 now show as minor job losses. According to Houston Unemployment 5.7% 4.7% Moody’s Analytics, Houston’s employment over the next three U.S. Unemployment 4.7% 4.1% years could increase by 6.2%, or 189,300 new jobs. WTI crude oil prices are up nearly 8.5% since the beginning of the year, averaging $63/bbl in first quarter 2018 and the U.S. rig count has rebounded from its low of 404 in May 2016 to 993 in March 2018. Market Indicators (Overall, All Classes) Although the energy sector is seeing signs of recovery, layoffs 12-Month continued in the first quarter of 2018, indicating a slow upward Q1 17 Q1 18 Forecast movement in the energy industry, especially as it relates to real Availability Rate 27.9% 27.1% estate related decisions in some sectors. YTD Net Absorption (SF) -227,946 -1.3M Market Overview Under Construction (SF) 696,908 1.4M While we are seeing an increase in tenant activity, it hasn’t Average Asking Rent* $29.29 $29.44 translated into closed transactions. New leasing activity has continued its downward cycle since the second quarter 2017 and *Rental rates reflect gross asking $psf/year hasn’t been this low since year-end 2016.
  • Preston the Bayou City

    Preston the Bayou City

    THE PRESTON THE BAYOU CITY The nine-county Houston metro area covers more than 9,400 squares miles along the Gulf Coast region in Southeast Texas. Houston is considered by many to be the Energy Capital of the world. Houston has a highly diversified industry base and is a leader in numerous industries including oil and gas, healthcare, manufacturing and trade. It is a dynamic, international city offering a low cost of living and high quality of life for residents. The metro is attractive to new business with its highly skilled work force, growing sustainability efforts and thriving economy. The metro is a beacon of economic strength with the Port of Houston, Texas Medical Center and two major passenger/cargo airports located in the greater Houston area. In addition to a healthy business environment, Houston is home to multiple professional sports teams, world-class museums, year-round performance arts, a thriving restaurant scene and a variety of outdoor recreational opportunities. 4th 5th Most Populous City Largest Metro 7 300 Million People Living in Thousand New Residents Metro Gained 2017-2019 Elysian Viaduct Sterrett William Street 1318 Studios RicheyNance McKee William Street Lofts Sterrett Walnut Sterrett Dakota Street Lofts Townhomes N. San Jacinto Mother Dog University of Studios Houston James Bute Park Downtown Houston Vine Street Studios Studios Metro Police Wood Headquarters College of Sciences San Jacinto Lofts/ and Technology (UC) White Oak Lofts Runnels Champoinship Park Girard University of Baker Houston Harris County Downtown
  • Downtown Development

    Downtown Development

    DOWNTOWN DEVELOPMENT This list provides details on all public and private sector construction projects in downtown since 1995. Costs are estimated or otherwise not available. Interior renovations are not included unless the entire building, including its exterior, is part of the project scope. Under Construction POST Houston (formerly, the Barbara Jordan Post Office) Renovation of the former post office into a 550,000-square-foot multiuse development for cultural experiences, food and a coworking space. The plan calls for three atriums between the building’s second floor and roof. The building’s roof will feature a nearly six-acre park with Downtown skyline views along with space for restaurants and retail. Address 401 Franklin St. Developer Lovett Commercial Estimated cost $42.5 millionV Est. completion Summer 2020 Website POST Houston Total Plaza Renovation of the office lobbies and retail space on the Downtown Tunnel System, street and second-floor levels. Recent complete renovations and added amenities include a new fitness center and new secured bike room. Address 1201 Louisiana St. Developer Brookfield Properties Estimated cost TBD Est. completion 1Q 2020 Website Total Plaza Hyatt Place Hotel Redevelopment of the former Southwestern Bell Telephone Company building into a 16 story, 150-key hotel. Address 1114 Texas Ave. Developer Pride Management Inc. Estimated cost $22.8 million Est. completion 3Q 2019 Website TDB C. Baldwin Hotel Redevelopment and rebranding of the former DoubleTree by Hilton Houston Downtown anchored by Allen Center into an independent 354-unit luxury hotel named, C. Baldwin. Address 400 Dallas St. Developer Brookfield Properties Estimated cost $19.2 millionP Est.
  • Major Lease Transactions Downtown Houston

    Major Lease Transactions Downtown Houston

    MAJOR LEASE TRANSACTIONS DOWNTOWN HOUSTON This is a comprehensive list of publicly available leases in Downtown Houston, including new‐to‐Downtown, expansions and renewals. Year Company Type To From Square Feet 512,845 Enterprise Plaza 2020 Enterprise Products Partners Renewal (incl. 2019 (1100 Louisiana) expansion: 22,301) 332,000 2020 Plains All American Refining, L.P. Renewal/Expansion Three Allen Center (333 Clay) (Expansion: 23,172) TC Energy Center 2020 TC Pipelines, L.P. Renewal/Expansion 320,788 (700 Louisiana) (Expansion: 60,015) 2020 JP Morgan Chase New/Relocation 600 Travis 1111 Fannin 253,230 2020 EP Energy Relocation/Sublease 601 Travis 1001 Louisiana 62,261 5 Houston Center 2020 Venture Global LNG Renewal/Expansion 58,514 (1401 McKinney) (Expansion: 29,257 2020 Houston Fire Department New 500 Louisiana 56,400 2020 Summit Midstream Partners, LP New to Downtown/Sublease 910 Louisiana The Woodlands 48,632 LyondellBasell Tower 2020 Mitsubishi International Corporation Renewal 45,838 (1221 McKinney) 2020 Indigo Minerals Renewal 600 Travis 45,125 2020 Rockcliff Energy, LLC Relocation 717 Texas 1301 McKinney 41,102 Pennzoil Place – North Tower 2020 Cheniere Energy Expansion 33,127 (700 Milam) Source: Central Houston, Inc. Updated 12-31--2020. 1 Year Company Type To From Square Feet Texas Tower (845 Texas) Wells Fargo Plaza 2020 DLA Piper Relocation/Expansion 31,843 (845 Texas) (1000 Louisiana) (Expansion: 6,836) Bank of America Tower 2020 Waste Management Expansion 31,750 (800 Capitol) USA: Office of the Comptroller and Fulbright Tower 2020 Renewal 27,223 Office of the Currency (1301 McKinney) 2020 Riviera Resources Relocation 717 Texas 600 Travis 27,114 One Allen Center 2020 TPC Group Renewal 24,803 (500 Dallas) Fulbright Tower 2020 AXIP Energy Services Renewal 24,657 (1301 McKinney) 2020 Chevron Expansion 1600 Smith 23,699 2020 Momentum Midstream Renewal 600 Travis 22,575 Pennzoil Place – North Tower 2020 Mesquite Energy Relocation 1000 Main 20,458 (700 Milam) 2020 Lone Star Legal Aid Renewal 500 Jefferson 20,020 Esperson Building 2020 WSP USA Inc.
  • Retail Leasing Opportunities Garage Houston Binz Ve 717 Texas Dri Chronicle Post Building Ial Memor Rice Alley Lancaster Lofts Theatre Hotel

    Retail Leasing Opportunities Garage Houston Binz Ve 717 Texas Dri Chronicle Post Building Ial Memor Rice Alley Lancaster Lofts Theatre Hotel

    RETAIL LEASING OPPORTUNITIES GARAGE HOUSTON BINZ VE 717 TEXAS DRI CHRONICLE POST BUILDING IAL MEMOR RICE ALLEY LANCASTER LOFTS THEATRE HOTEL MEMORIAL DRIVE TEXAS JP MORGAN JP MORGAN 609 JONES JONES CHASE CHASE BAYOU PLACE MAIN PLAZA HALL TOWER CENTER BUILDING CAPITOL ST. GERMAIN TRANQUILITY BOB CASEY CAPITOL LOFTS GARAGE FEDERAL JP MORGAN BANK OF TOWER CHASE CLUB COURTHOUSE CAPITOL AMERICA GARAGE BUILDING QUARTER LOFTS CENTER HOTEL RUSK TRANQUILITY LANIER 801 HOBBY MAIN PLACE PARK/GARAGE PUBLIC WORKS LOUISIANA CENTER ESPERSON BUILDING BUILDING TWO SHELL WALKER STOWERS THROUGH GARAGE PLAZA @ MAIN BUILDING I-45 NORTH WALKER MAIN SMITH MILAM COMMERCE TRAVIS BAGBY CITY TOWERS FANNIN ONE HALL/ LOUISIANA PUBLIC 919 KIRBY LOFTS SHELL VISITOR HERMANN PARKING MILAM CITY HALL PLAZA MCKINNEY 1001 CENTER SQUARE ANNEX PLACE MCKINNEY GARAGE I-45 NORTH MCKINNEY TUNNEL LOOP MAIN STREET HOUSTON JULIA WELLS TRAVIS SQUARE ONE SAM FARGO EL PASO HOUSTON CENTRAL IDESON ENERGY PLACE CITY PLAZA RELIANT PARK LIBRARY LIBRARY BUILDING GARAGE CENTRE ENERGY PLAZA ALLEN PARKWAY LAMAR 1100 1010 LAMAR LOUISIANA HERITAGE GARAGE GARAGE 1111 AMERICANA SOCIETY LOUISIANA 1111 MAIN BRAZOS BUILDING MUSEUM GARAGE Property Information Over 4,000 people office at Pennzoil Place including companies such as Cheniere, Freeport-McMoran, Bracewell Law, Gensler and Houstonian Lite. Pennzoil Place is a block away from the Theatre District’s entertainment and restaurants and offers multiple tunnel access points to One and Two Shell Plaza, Chase Tower, 919 Milam and Bank of America Center. Available Lobby Level 3,805 SF base building condition (street visibility) 832 SF (street & lobby access) 4,801 SF (street & lobby access) 1,222 SF available Available Tunnel/Mall Level 790 SF available and 1,200-3,012 SF available of redeveloped area.
  • APRIL RIDER REWARDS REDESIGN 1 Copy

    APRIL RIDER REWARDS REDESIGN 1 Copy

    MAY 2021 www.RideMETRO.org/RiderRewards YOU RIDE YOU GET REWARDED RIDER REWARDS IS METRO'S CUSTOMER APPRECIATION PROGRAM THAT PROVIDES METRO RIDERS UNIQUE OFFERS AND DISCOUNTS FROM BUSINESSES ALL ACROSS HOUSTON, JUST FOR SHOWING A VALID METRO FARE ITEM. % ALWAYS CALL AHEAD TO CONFIRM THAT THE BUSINESS IS OPEN. THE LIST IS SUBJECT TO CHANGE. www.RideMETRO.org/RiderRewards NEW PARTNERS VARIOUS LOCATIONS Maika’i Hawaiian BBQ serves authentic Hawaiian dishes with an island BBQ flavor, making it “Maika’i”, which in Hawaiian means “good”! Their BBQ restaurants are known for modern classic dishes which use only the highest quality fresh ingredients. On the menu, you’ll find hand-cut, boneless BBQ chicken, marinated in Hawaiian BBQ sauce. Or, try the Chicken Katsu, a crispy breaded filet with special Katsu sauce. Maika’i Hawaiian BBQ has three participating Rider Rewards locations, 12254 FM 1960, 11602 Bellaire, and 1321 N. Westgreen Blvd. Show your METRO Fare Card and receive a 15% discount on all orders. WESTHEIMER / GALLERIA STATION Gifts of Texas is a one stop shop for Texas souvenirs and gift items. They are a family-owned business that has proudly served the Texas community for over a decade. They specialize in unique Texas-themed merchandise from t-shirts and cowboy hats to mugs and magnets. You’ll also find a great selection of seasonal college and pro sports memorabilia, including Texans, Cowboys, Astros, and Rockets to name a few. Gifts of Texas is a great source for companies looking for customized handcrafted gift baskets. Tourists and locals alike can take a little bit of Texas back home! Gifts of Texas is in the Galleria Mall next to the food court (5015 Westheimer).
  • Fate of the Houston Skyline: Strategies Adopted for Rehabilitating Mid- Century Modern High-Rises

    Fate of the Houston Skyline: Strategies Adopted for Rehabilitating Mid- Century Modern High-Rises

    Fate of the Houston Skyline: Strategies adopted for Rehabilitating Mid- Century Modern High-Rises Urmila Srinivasan M.Arch II, Preservation May 2014 Committee Supervisor: Dr. Michael Holleran Reader: Ulrich Dangel Graduate Program in Historic Preservation School of Architecture University of Texas at Austin \ Copyright By Urmila Srinivasan 2014 ii Abstract Title: Fate of the Houston Skyline: Strategies adopted for Rehabilitating Mid- Century Modern High-Rise s Student : Urmila Srinivasan Degree : M.Arch II (Historic Presdrvation) A recent report by Terrapin Bright Green “Mid-century (Un) Modern” discusses the desperate condition of mid-century modern high-rises in Manhattan. The article argues that it would be beneficial both economically and environmentally to demolish these buildings and build new ones with an assumed increase in FAR. To re-build, repair or re-skin are the questions Mid-century Modern High-rises (MMH) face today. This study focuses on Houston, Texas, which is very different from New York City both climatically and from a planning stand point. It is dreaded for its hot and humid climate and notorious for its consistent refusal to adopt any zoning. These high-rises in Houston represent the economic success of the city immediately after WWII. These buildings were constructed as the city transformed from the Bayou City to the Space city. In this study I have mapped the status of these high-rises and the strategies that were used to renovate them. The questions I further wish to address are how preservation or energy efficiency are addressed while renovating these buildings. Even preservationists might agree that all buildings are not equal and a new look would benefit some.