Office / Mixed Use Experience
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Availabilities
AVAILABILITIES SOUTH TOWER NORTH TOWER 711 LOUISIANA 700 MILAM FLOOR 32 - 16,605 RSF FLOOR 29 - 21,382 RSF FLOOR 26 - 21,382 RSF FLOOR 21 - 10,715 RSF FLOOR 19 - 7,707 RSF FLOOR 17 - 4,890 RSF FLOOR 16 - 3,890 RSF FLOOR 14 - 8,348 RSF FLOOR 11 - 10,614 RSF FLOOR 12 - 20,407 RSF FLOOR 10 - 20,346 RSF FLOOR 9 - 20,484 RSF FLOOR 11 - 20,407 RSF FLOOR 8 - 20,531 RSF FLOOR 10 - 9,375 RSF FLOOR 7 - 20,429 RSF FLOOR 9 - 20,407 RSF FLOOR 8 - 20,426 RSF FLOOR 7 - 20,442 RSF FLOOR 6 - 20,458 RSF FLOOR 2 - 20,520 RSF LOBBY - 4 Spaces TUNNEL - 3 Spaces SOUTH TOWER NORTH TOWER LARGEST CONTIGUOUS BLOCK LARGEST CONTIGUOUS BLOCK FLOORS 7-10, Pt. 11: 92,404 RSF FLOORS 6-9, Pt. 10: 91,108 RSF PROPERTY FACTS Address 711 Louisianna (South Tower) | 700 Milam (North Tower) Building Class “A” office property, two (2) thirty-six (36) story towers, totaling 1,421,765 RSF Common Area Factor Approximately 15.0% (multi-tenant floors) / 9.0% (single-tenant floors) Floor Size Approximately 21,500 RSF Lease Rate Negotiable Operating Expenses Estimated 2016 Operating Expenses of $16.10 per rentable square foot Lease Term Negotiable Leasehold Improvement Allowance Negotiable Up to 0.3 spaces per 1,000 square feet leased parking available below the building comprised of 525 spaces. Unreserved $220.00 / Reserved $285.00, plus taxes Parking Up to 1.5 spaces per 1,000 square feet lease parking available in Walker @ Main Garage (tunnel access) comprised of 1,000 spaces. -
Walking Tour – Houston Building Stones Revised 10/2008 Neal Immega – N [email protected] Houston Gem and Mineral Society, Houston Geologic Society
Walking Tour – Houston Building Stones Revised 10/2008 Neal Immega – [email protected] Houston Gem and Mineral Society, Houston Geologic Society Start at Main Street Metro North Bound (NB) on the east side of the map ‘HoustonBuildingStones WalkingTour.gif. You need to do this tour during business hours when you can get into the buildings. The whole tour takes about 90 minutes. IBC Bank – 1001 McKinney - Just inside the bld is a lobby faced with a limestone made of stoney bryozoa. Age unknown Jesse Jones Building – JPMorgan Chase 712 Main St. – built in the old style with lots of decorative stone. Outside is scored Indiana limestone. Interior has marble and colored travertine (a flowstone deposit). Esperson Building 808 Travis, 815 Walker Town Mountain Granite from Austin, Bedford oolite, marble and serpentine (Verde Antique) http://uts.cc.utexas.edu/~rmr/tmg.html http://www.vermontmarbleandgranite.com/marble/vermont_verde_ant.htm Granite Building with Texas Star decoration – No name. Enter on the McKinney side. Back lighted onyx in escalator lobby. Basement has a Cretaceous rudist limestone and a Paleozoic stromatoporoid limestone. Wells Fargo Bank Building – flame cut poikilitic granite as pavement, zoned feldspars on the outside wall. Dynegy – 1400 Smith St. Black facing stone is a basic rock from Norway called Larvikite. http://www.toyen.uio.no/geomus/nettutstillinger/Osloriften/larvikitt-eng.html One Shell Plaza - 900 Louisiana Italian travertine. (Travertino Romano) Deposited by algae in freshwater hot springs. An inexpensive stone but a poor choice for an exterior stone. http://www.iltravertino.com/pagine/thecompany.html Houston City Hall – 901 Bagby Walls are Austin Stone (Cordova Shell) containing fossil shells. -
35 Years of One Shell Plaza
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Offering Summary Investment Overview
HOUSTON DOWNTOWN OFFERING SUMMARY INVESTMENT OVERVIEW HFF is pleased to offer on an exclusive basis the opportunity to acquire the fee-simple interest in the 350-room Doubletree Downtown Houston (“Property” or “Hotel”), prominently situated within Allen Center – an institutional-quality mixed-use office/retail/hotel complex – in the Houston CBD. The Hotel is strategically located near many of Houston’s top demand drivers including the George R. Brown Convention Center, Minute Maid Park (home of the Houston Astros), Toyota Center (home of the Houston Rockets) and over 51 million square feet of office space within a 1-mile radius. Many of the Fortune 500 companies located in Houston are within blocks of the Property, including Deloitte, Chevron and KBR. The Property is being offered fully unencumbered from both brand and management, presenting the next owner with a completely blank slate. With an irreplaceable location within Houston’s CBD core and strong in-place cash flow, the DoubleTree offers investors a unique, unencumbered opportunity with tremendous upside potential. INVESTMENT HIGHLIGHTS UNIQUE DOWNTOWN HOUSTON LOCATION The Property boasts an enviable location within Allen Center in Houston’s CBD, benefiting from downtown’s diversified demand base – not only corporate but also convention, sports, leisure, culture, medical, university/ education – and pedestrian friendly environment. This ideal mix of demand drivers has allowed the CBD to TWO ALLEN CENTER 1 MILLION SF continually outperform Houston’s overall market, as well as the -
Quarterly Market Overview 2017 Third Quarter
Quarterly Market Overview For more information, please contact: David Mendel, Public Relations Manager 2017 Third Quarter Phone: 713.629.1900 ext. 258 FOR IMMEDIATE RELEASE E‐mail: [email protected] HOUSTON’S OFFICE MARKET RECOVERY SLOW, INDUSTRIAL DEMAND REMAINS HIGH HOUSTON — (October 18, 2017) — Houston’s commercial real estate market is optimistic after grappling with Hurricane Harvey amid the continued energy recovery, according to quarterly market research compiled by Commercial Gateway, the commercial division of the Houston Association of Realtors (HAR). For office space, direct negative net absorption of 39,995 square feet was recorded; Class A and C showed positive absorption of 246,119 square feet and 18,230 square feet, respectively, while Class B reported negative absorption of 304,344 square feet. Move-ins at 609 Main including four different firms who preleased space in the new building accounted for almost 263,000 square feet of the Class A positive absorption. Year-to-date overall totals are positive for the year primarily due to the first quarter occupancy of 600,000 square feet by BHP Billiton in its new headquarters building, although the firm is leaving behind more than 320,000 square feet that is currently on the sublease market. Space left behind by various firms occupying new properties along with sublease spaces converting to direct space will continue to affect the vacancy rate. The current 16.7% direct vacancy rate is unchanged from last quarter, but up from the 15.5% recorded during the same quarter in 2016. Class A space overall is 16.0% vacant, Class B is 19.1% vacant and Class C is 11.4% vacant. -
Protected Landmark Designation Report
CITY OF HOUSTON Archaeological & Historical Commission Planning and Development Department PROTECTED LANDMARK DESIGNATION REPORT LANDMARK NAME: The Angelo and Lillian Minella House AGENDA ITEM: IV OWNER: Ben Koush HPO FILE NO.: 06PL20 APPLICANT: Ben Koush DATE ACCEPTED: Feb-13-06 LOCATION: 6328 Brookside Drive – Simms Woods Addition HAHC HEARING DATE: Feb-23-06 30-DAY HEARING NOTICE: N/A PC HEARING: Mar-02-06 SITE INFORMATION Lot 12, Block 6, Simms Woods Addition, City of Houston, Harris County, Texas. The site includes a historic one-story, concrete block residence and concrete block garage. TYPE OF APPROVAL REQUESTED: Protected Landmark Designation for residence and garage. HISTORY AND SIGNIFICANCE SUMMARY The Minella House is a significant example of modern, residential architecture as it evolved in mid- twentieth century Houston. It is significant because of its unusual all masonry construction, contemporary design by Houston architect, Allen R. Williams, Jr. It is an example of the Century Built Homes, variations on a standark design, of which the Minella House seemed to be most fully resolved. Its owners, Angelo and Lillian Minella, owned and operated a plumbing supply company in the East End for decades. HISTORY AND SIGNIFICANCE Lillian and Angelo Minella were originally from the Boston area. Minella worked as a plumber at 366-374 Washington Street in the 1930s in the Brighton Center, Massachusetts commercial area, which had a large Italian-American population.i As late as 1942 Angelo and Lillian were listed in the Essex County City Directory as living on Stanwood Avenue in Gloucester, Massachusetts.ii The Minellas probably left for Texas shortly thereafter. -
Shell to Houston
n August 1969, Shell Oil Company tions prompted Shell to examine the idea The company’s Texas-sized move Iannounced plans to move most of its of moving much its operations to another took nearly a year beginning in November administrative offi ces from New York City city. During eighteen months of study aided 1969. Shell’s method of moving individual to Houston. “Shell to Move 1,000 Workers by the Stanford Research Institute, Shell offi ces only lost one working day at the Here” read the banner headline across the collected data on a half-dozen cities but end of each week. Each Thursday evening, front page of the Houston Chronicle the day eventually narrowed the list to two, Dallas equipment was loaded up in cross-country after the announcement. The fi nal number and Houston. Both cities had low costs- moving trucks. By the following Monday was closer to 1,400, and the success of the of-living, room for growth, and a Sunbelt afternoon, 1,620 miles away in Houston, move encouraged the company to consoli- ambience. And they were located in the the equipment was unloaded and arranged. date others parts of its operations in the city. Central Time Zone, making intra-company Employees reported for work Tuesday The move bolstered the Bayou City’s morning. Shell offered to transfer and emergence as a center of gravity for Shell. absorb moving costs for practically all Houston had been a Shell town for many operating headquarters personnel from top decades. It had a major refi nery in Deer Shell managers to fi le clerks and secretaries. -
'The Outstanding Building of the Year' Award!
The Newsletter for Pennzoil Place Tenants 1st & 2nd Quarter 2016 Issue Iconic Pennzoil Place Wins Local ‘The Outstanding Building of the Year’ Award! ennzoil Place is the proud winner of the 2015/2016 PHouston Building Owners and Managers Association (BOMA) The Outstanding Building of the Year (TOBY) Award in the Over One Million From The Manager The From Square Feet Category. Members of hat a great time the hard working Transwestern prop- for Pennzoil Place! erty management team received the For those that may prestigious award at the Houston TOBY W not know, in January we won Award dinner in January. Houston BOMA’s local TOBY (The Outstanding Building of Each year, the TOBY is awarded to the the Year) Award! This was only highest scoring building in each of possible through the efforts in 15 categories, beginning at the local tenant programs, community level. The categories consist of five team. Judges are introduced to the score of 85, Pennzoil Place easily outreach, energy reduction, square footage awards ranging from building’s energy efficient systems, received these coveted bonus points. and environmental initiatives, under 100,000 square feet to over tenant amenities, and environmentally with great success; along with a Congratulations to the Transwestern lot of work and help from many one million square feet, along with friendly features during the tour. Pennzoil Place management team vendors and our great Pennzoil categories for medical, corporate, Among other prerequisites, each for garnering the TOBY Award. The Place tenants! A special thanks historic, low-rise and mid-rise subur- competing building must bench- team worked hard to prepare for the goes out to all team members ban office park, government, reno- mark energy usage through the EPA competition while completing dai- who contributed to winning this vated, retail, industrial office park, and year’s TOBY Award and making ENERGY STAR® website. -
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
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. -
Pennzoil Place Office Flyer 20
AVAILABILITIES SOUTH TOWER NORTH TOWER 711 LOUISIANA 700 MILAM LARGEST LARGEST CONTIGUOUS CONTIGUOUS BLOCK BLOCK FLOORS 7-11: FLOORS 6-12: 103,187 RSF 142,954 RSF FLOOR 32 - 16,605 RSF FLOOR 29 - 21,382 RSF FLOOR 26 - 12,638 RSF FLOOR 25 - 20,489 RSF FLOOR 25 - 20,435 RSF FLOOR 20 - 20,873 RSF FLOOR 19 - 7,707 RSF FLOOR 18 - 6,587 RSF FLOOR 13 - 10,282 RSF FLOOR 14 - 8,348 RSF FLOOR 11 - 21,397 RSF FLOOR 12 - 20,407 RSF FLOOR 10 - 20,346 RSF FLOOR 9 - 20,484 RSF FLOOR 11 - 20,407 RSF FLOOR 8 - 20,531 RSF FLOOR 10 - 9,375 RSF FLOOR 7 - 20,429 RSF FLOOR 9 - 20,407 RSF FLOOR 8 - 20,426 RSF FLOOR 7 - 20,442 RSF FLOOR 6 - 20,458 RSF FLOOR 2 - 20,520 RSF PROPERTY FACTS BUILDING COMMON AREA FACTOR 1,409,713 RSF 15.0% 9.0% Total Class A Office Multi-tenant Single- floors tenant floors FLOOR SIZE YEAR BUILT 20,500 RSF 1975 (Approximately) DESIGNED BY Philip Johnson LEASE RATE, LEASE TERM, & LEASEHOLD IMPROVEMENT ALLOWANCE Negotiable CAPITAL INVESTMENT $13M $3.5 M 2015 capital infusion 2016 budgeted of renewing building capital infusion renewing systems and building systems and infrastructure infrastructure ELEVATORS 18 1 Passenger Freight STATE-OF-THE-ART TECHNOLOGY BACKBONE The first office building in Houston to utilize a fiber optic backbone for IT communication utilizing Cisco’s “Smart+Connected” buildings framework which enhances data/communications, physical security and building automation capabilities. PARKING 0.3 525 $220 $285 Pennzoil Place Leased Unreserved, Reserved, garage spaces spaces plus taxes plus taxes per 1,000 SF available -
Tallest Buildings Constructed in 1970-1980
This PDF was downloaded from The Skyscraper Center on 2018/01/11 UTC For the most up to date version, please visit http://skyscrapercenter.com Building List All Regions, All Companies, 200m+, 1970-1980 Completed Architecturally Topped Structurally Topped Under On Never Proposed Vision Demolished Out Out Construction Hold Completed # Building Name City Height (m) Height (ft) Floors Completed Material Use 1 Willis Tower Chicago 442.1 1,451 108 1974 steel office 2 Aon Center Chicago 346.3 1,136 83 1973 steel office 3 First Canadian Place Toronto 298.1 978 72 1975 steel office 4 601 Lexington New York City 278.9 915 63 1977 steel office 5 Water Tower Place Chicago 261.9 859 74 1976 concrete residential / hotel / retail 6 Aon Center Los Angeles 261.5 858 62 1974 steel office 7 Transamerica Pyramid Center San Francisco 260 853 48 1972 composite office 8 U.S. Steel Tower Pittsburgh 256.3 841 64 1970 steel office 9 IDS Center Minneapolis 241.4 792 55 1973 composite office 10 200 Clarendon Boston 240.8 790 62 1976 steel office 11 Sunshine 60 Tower Tokyo 240 787 60 1978 composite office 12 Commerce Court West Toronto 239 784 57 1973 composite office 13 Enterprise Plaza Houston 230.4 756 55 1980 composite office 14 One Penn Plaza New York City 228.6 750 57 1972 steel office 15 1251 Avenue of the Americas New York City 228.6 750 54 1972 steel office 16 MLC Centre Sydney 228 748 60 1977 concrete office 17 One Astor Plaza New York City 227.1 745 54 1972 composite office 18 One Liberty Plaza New York City 226.5 743 54 1972 steel office 19 Parque Central