Houston Office May 2016
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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) 2020 JP Morgan Chase New/Relocation 600 Travis 1111 Fannin 253,230 5 Houston Center 2020 Venture Global LNG Renewal/Expansion 58,514 (1401 McKinney) (Expansion: 29,257 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) Pennzoil Place – North Tower 2020 Cheniere Energy Expansion 33,127 (700 Milam) Texas Tower 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) 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 Plains All American Refining, L.P. Expansion Three Allen Center (333 Clay) 23,172 Source: Central Houston, Inc. Updated 08-31-2020. 1 Year Company Type To From Square Feet 2020 Lone Star Legal Aid Renewal 500 Jefferson 20,020 2020 Squire Patton Boggs Renewal 600 Travis 15,641 2 Houston Center 2020 USA: Office of the Comptroller Renewal 14,624 (909 Fannin) 2020 Rockcliff Energy, LLC Renewal 1301 McKinney 14,403 (Short-Term) 2020 Enbridge, Inc. -
Energy Star Qualified Buildings
1 ENERGY STAR® Qualified Buildings As of 1-1-03 Building Address City State Alabama 10044 3535 Colonnade Parkway Birmingham AL Bellsouth City Center 600 N 19th St. Birmingham AL Arkansas 598 John L. McClellan Memorial Veterans Hospital 4300 West 7th Street Little Rock AR Arizona 24th at Camelback 2375 E Camelback Phoenix AZ Phoenix Federal Courthouse -AZ0052ZZ 230 N. First Ave. Phoenix AZ 649 N. Arizona VA Health Care System - Prescott 500 Highway 89 North Prescott AZ America West Airlines Corporate Headquarters 111 W. Rio Salado Pkwy. Tempe AZ Tempe, AZ - Branch 83 2032 West Fourth Street Tempe AZ 678 Southern Arizona VA Health Care System-Tucson 3601 South 6th Avenue Tucson AZ Federal Building 300 West Congress Tucson AZ Holualoa Centre East 7810-7840 East Broadway Tucson AZ Holualoa Corporate Center 7750 East Broadway Tucson AZ Thomas O' Price Service Center Building #1 4004 S. Park Ave. Tucson AZ California Agoura Westlake 31355 31355 Oak Crest Drive Agoura CA Agoura Westlake 31365 31365 Oak Crest Drive Agoura CA Agoura Westlake 4373 4373 Park Terrace Dr Agoura CA Stadium Centre 2099 S. State College Anaheim CA Team Disney Anaheim 700 West Ball Road Anaheim CA Anahiem City Centre 222 S Harbor Blvd. Anahiem CA 91 Freeway Business Center 17100 Poineer Blvd. Artesia CA California Twin Towers 4900 California Ave. Bakersfield CA Parkway Center 4200 Truxton Bakersfield CA Building 69 1 Cyclotron Rd. Berkeley CA 120 Spalding 120 Spalding Dr. Beverly Hills CA 8383 Wilshire 8383 Wilshire Blvd. Beverly Hills CA 9100 9100 Wilshire Blvd. Beverly Hills CA 9665 Wilshire 9665 Wilshire Blvd. -
Houston Office Market Report
Research HOUSTON 4Q17 OFFICE MARKET 2017 Ends a Challenging Current Conditions Year; Positive Signs on • Leasing activity passed 2.0M SF during Q4 2017 Horizon • Positive absorption seen for first time since 2015; YE The Houston office market continued to struggle during the fourth quarter 2017 absorption remains negative overall of 2017. Although vacancy rates ticked down for the first time in three • The overall vacancy rate stood at 21.0% which represents years, they remained elevated at 21.0%. Fortunately, leasing activity a 120 basis point increase year-over-year. began to pick up during the fourth quarter, with more than 2.2 million • Sublease space down nearly 24% from 2016 peak square-feet of leasing taking place. Roughly 20% of that total involving take-up of sublease space. Construction activity within Houston continued to lag, as spec development has come to a standstill. With less than 2.0 million square feet of office under construction, and nearly 9.0 million Market Analysis square feet of sublease space still on the market, expected availability is therefore likely to remain near the 30% of previous quarters. $30 22% Although no natural disasters occurred during the fourth quarter, the $28 20% market continues to recover from both Harvey and oil and gas related issues. As an exampled, the recently announced delisting of Cobalt $26 18% Energy from the NYSE has given rise to investor worries that the worst is $24 16% not yet over for the Houston market. However the market in 2017 drew to $22 14% a close, with WTI pricing crossing the $60 per barrel threshold for the first time since 2015. -
The Artist Artist's Statement Education E
Studio Phone/Fax: 713-827-7887 Exhibitions • VAA 2nd Juried Invitational Exhibition, Houston 9771 Westview Drive Mobile: 713-398-8850 Houston, TX 77055 E-mail: [email protected] USA 2019: 2011: • Artspace 111; 6th Annual Regional Juried Exhibition, Hilde Nelson, Juror; Fort Worth • Diverse Creations, Betz Gallery, Limited Group Exhibition; Houston • Assistance League Celebrates Texas Art, Jenny Goldstein, Whitney Museum, Juror; Houston • N-Sight Juried Group Exhibition, Continental Center I, Downtown Houston, Participant, Chair and Curator • BLOCK XIX Group Exhibition, Glassell School of Art, Levant Exhibition Gallery; Houston • VAA 28th Annual Juried Open Exhibition, Continental Center, Downtown Houston, Honorable Mention • Kinder Morgan Juried Exhibition Series, “Water”; Houston • Kinder Morgan Juried Exhibition Series, “Celestial Space”; Houston 2010: The Artist • VAA 36th Juried Open Exhibition, Christine Jelson West, Juror, First Place Award; Houston • Gambol - 2010 Juried Open Exhibition, Art League Houston • 2010 Juried Open Exhibition, Grassroots Art in Action; Houston Daniel Brents has lived and worked in Europe, Southeast Asia, and the Middle East, as well as most regions of 2018: • The Neon Show, Austin Details Art + Photo Juried Exhibit, Austin the United States. Following a career as an architect and urban planner, he studied at the Museum of Fine • New Texas Talent XXV, Craighead Green Gallery, Jurors: CADD, the Contemporary Art Dealers of Dallas; Dallas • Red Hot Art, Group Exhibit, Sculptures by Design, Houston Arts/Houston’s Glassell School of Art for several years. He was recently selected by the faculty to be a member • Artspace111, Fifth Annual Juried Regional Exhibition, Juror: Christina Rees; Fort Worth • Signs of Progress Solo Exhibit, Austin Details Art + Photo; Austin of Glassell’s Studio BLOCK, an advanced program of intensive instruction, limited to a small, select group of • San Antonio Art League & Museum, Juror: Michael Ettema • SummerView Juried Exhibition, Phoenix Tower; Houston artists. -
Iconic Tower — Transformed for Today Rebuilding the Tenant Experience from the Ground Up
Iconic Tower — Transformed for Today Rebuilding the tenant experience from the ground up —————— —————— This landmark tower has been transformed A new freestanding restaurant with an engaging into a modern, sustainable, innovation hub to outdoor space will be ideal for activities; a new food support Houston’s leading creative companies — hall-style café on the ground level offers healthy designed to meet or exceed the demands and convenient menu options; new common-areas of a changing workforce, today and tomorrow. include a comfortable lobby lounge ideal for coffee, —————— connecting or disconnecting; plus access to a spa- Meticulously maintained and operated since styled fitness center featuring health and wellness this iconic property was first commissioned as activities for group or self-paced programs. a global corporate headquarters by a leading —————— energy company. 5555 San Felipe is owner-operated and —————— maintained with an eco-friendly and sustainable With a focus on helping modern organizations approach. Our award-winning project is LEED Gold inspire talent, every aspect of the renovation certified and participates in various campaigns delivers a more perfect balance between hospitality for recycling, conservation and green-building and workspace — from the arrival experience, to operations. At every level, our tenants and their three levels of new and enhanced amenities. satisfaction come first. Transformation —————— Everything your team needs to thrive M-M Properties set a vision of rebuilding the tenant experience from the ground up. There are new modern finishes, three full floors of curated amenities and light-filled spaces. There will also be a new, freestanding signature restaurant. 5555 San Felipe is an inspired and FREESTANDING RESTAURANT – ACTIVITY LAWN collaborative office environment — the destination workplace — for today’s valuable employees. -
Downtown Houston Development Continues Despite Covid-19
MEDIA CONTACTS Angie Bertinot / Central Houston [email protected] / 713-650-3022 Whitney Radley / The CKP Group [email protected] / 832-930-4065 x 106 FOR IMMEDIATE RELEASE JANUARY 19, 2021 DOWNTOWN HOUSTON DEVELOPMENT CONTINUES DESPITE COVID-19 More than $1.9 billion in construction projects currently underway with more on the horizon HOUSTON, TX — While the Greater Houston Area begins to recover from the COVID-19 pandemic, Downtown Houston has shown its trademark resilience and grit in the face of the unexpected. Over the past year, office employees have adapted to working from home, hospitality groups have rolled out new services options and staycations, residential properties have adopted technology to conduct virtual space tours and the construction sector has continued grow. More than $1.9 billion in construction projects are currently underway in Downtown Houston, an area defined by IH-45 to the west and south, Highway 59 to the east and IH-10 to the north. “In recent years, Downtown Houston has transitioned from a central business district to a prime destination to live, work, play and stay,” said Bob Eury, president and CEO of the Houston Downtown Management District. “While the pandemic has resulted in some set- backs, we’re seeing confidence in the market: businesses and office employees have adapted to the new normal with agility, developers are leveraging the opportunity to maximize construction across all sectors and the area remains a culinary and cultural destination for Houstonians and visitors.” Office Projects Downtown Houston remains a dynamic business center with a workforce of approximately 158,000 employees and more than 51 million square feet of office space. -
Account of Trustees for the Period January 1, 2018 – December 31, 2018
Account of Trustees For the Period January 1, 2018 – December 31, 2018 First Section . Account of Trustees Exhibit A . Audited Financial Statements Exhibit B. Claim Payments Exhibit C. Application for Order Approving Account of Trustees Exhibit D. Order Approving Account of Trustees Exhibit E. Affidavit of Jared S. Garelick Exhibit F. Order Approving Notice of Filing Exhibit G. Notice of Filing Exhibit H. Service List Account of Trustees Application For Order Approving Account of Trustees (EXHIBIT C) Order Approving Account of Trustees (EXHIBIT D) 82-11656-cgm Doc 4373 Filed 07/23/19 Entered 07/23/19 16:21:17 Main Document Pg 1 of 2 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ______________________________ ) In re ) In Proceedings For A ) Reorganization Under JOHNS-MANVILLE CORPORATION, ) Chapter 11 et al., ) ) Case Nos. 82 B 11656 (CGM) Debtors. ) Through 82 B 11676 (CGM) ) Inclusive ORDER APPROVING ACCOUNT OF TRUSTEES AND FINANCIAL STATEMENTS OF MANVILLE PERSONAL INJURY SETTLEMENT TRUST FOR THE PERIOD JANUARY 1, 2018 THROUGH DECEMBER 31, 2018 Upon the Application dated June 17, 2019 [ECF no. 4365] of Edward D. Robertson, Jr., Mark A. Peterson, and Kirk P. Watson, Trustees of the Manville Personal Injury Settlement Trust (the "Trustees"), and the Manville Personal Injury Settlement Trust (the "Trust"), by their counsel, for Order Approving Account of Trustees and Financial Statements of the Manville Personal Injury Settlement Trust for the Period January 1, 2018 through December 31, 2018 (the "Application"), and the Account of Trustees and Financial Statements of the Trust for the Year Ending December 31, 2018 (the "Account")[ECF No. -
Houston Office Marketview
MARKETVIEW Houston Office, Q4 2018 Houston’s absorption positive for the first time in 2018 Vacancy Rate Avg. Asking Rate Net Absorption Under Construction 18.6% $29.00 PSF 590,320 SF 2.23 MSF *Arrows indicate trend from previous quarter. Figure 1: Houston Office Market Trends MSF 60 25% 50 20% 40 15% 30 10% 20 10 5% 0 0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Direct SF Sublease SF Vacancy (%) Availability (%) Source: CBRE Research, Q4 2018. HOUSTON MARKET FINISHES 2018 STRONG EXPIRING SUBLEASE MEANS HIGHER VACANCY In a reversal of course, Houston saw positive net absorption overall in the fourth quarter for the first After peaking at 23.0% in Q2 2018, total availability time this year. Specifically, the consulting, dropped to 22.4% in the fourth quarter. While technology and energy industries all boasted positive availability declined, vacancy continued to climb and absorption. On the downside, the Energy Corridor peaked at 18.6%, partly a result of more than 1 struggled with 197,000 sq. ft. of negative absorption, million sq. ft. of sublease space expiring and largely due to Amec Foster Wheeler vacating all of becoming vacant rather than being absorbed. Energy Center I. The move followed a merger with Persistent sublease space rolling vacant will likely the Wood Group. put downward pressure on asking rents in the The fourth quarter saw wild movement in oil prices, coming quarters despite the early signs of recover. with West Texas Intermediate Crude (WTI) first peaking at $76.90/bbl on October 3rd and closing the FLIGHT TO QUALITY CONTINUES quarter at $45.41/bbl. -
Signature Restaurant
Owner/Manager Rebuilding the tenant experience from the ground up This landmark tower is being A new freestanding restaurant with transformed into a modern, sustainable, an engaging outdoor space can be innovation hub to support Houston’s programmed for activities, a new food hall leading creative companies — designed style café on the ground level will offer to meet or exceed the demands of a healthy and convenient menu options, changing workforce, today and tomorrow. new common areas include a comfortable lobby lounge ideal for coffee, connecting This iconic property has been or disconnecting, plus access to a spa- meticulously maintained and operated styled fitness center featuring health and since it was first commissioned as a global wellness activities for group or self-paced corporate headquarters by a leading programs. energy company. 5555 San Felipe is owner-operated With a focus on helping modern and maintained with an eco-friendly organizations inspire talent, every aspect and sustainable approach. Our award- of the renovation is designed to offer winning project is LEED Gold certified amenities and programs to strike the and participates in various campaigns for perfect balance between hospitality and recycling, conservation and green-building workspace — from the arrival experience, operations. At every level, our tenants and to three levels of new and enhanced their satisfaction come first. amenities. Transformation ——————— Everything your team needs to thrive M-M Properties set a vision of rebuilding the tenant experience from the ground up. There are new modern finishes, three full floors of curated amenities, light-filled spaces and a new, freestanding signature restaurant. -
Houston Metro
HOUSTON SUBMARKET REPORT YEAR-END 2015 Houston Metro SNAPSHOT VACANCY RATES Despite the overall slowdown in leasing activity across the metro, there were some significant leases in the fourth quarter, largely sourced from Class A Overall Class A Direct Class B Overall Class B Direct renewals. Net absorption for 2015 totaled 3.9 million SF for all classes 16% of space with Class A absorbing 5.5 million SF, and Class B at negative 1.5 million SF absorbed. Positive absorption this year came entirely from 14% Class A space and was driven by preleased deliveries. At year-end, Class A direct vacancy was 11.1% and overall was 13.0%, and Class B vacancy was 12% 13.9% for direct and 14.9% for overall. Both classes of space experienced 10% further rent growth with Class A rising 2.4% year-over-year to $35.31 per SF gross, and Class B increasing by 1.9% to $21.28 per SF gross at 8% fourth quarter. As the office market is now favorable to tenants, rental concessions are becoming more generous. With tepid demand expected 6% 2012 2013 2014 2015 though 2016, vacancy will continue to rise and Houston’s strong net absorption should begin to taper off. SIGNIFICANT LEASES SIGNED NET ABSORPTION Apache - 524,000 SF lease extension through 12/2019, Post Oak Central, Galleria submarket Houston A Houston B 6,000,000 Bracewell & Giuliani - 189,061 SF renewal, Pennzoil Place, CBD 5,000,000 submarket 4,000,000 St. Luke’s Episcopal Health System - 139,424 SF renewal, 3100 Main, 3,000,000 Midtown submarket 2,000,000 BASF - 106,555 SF new lease, Energy Tower IV, -
2007 Labeled Buildings List Final Feb6 Bystate
ENERGY STAR® Qualified Buildings and Manufacturing Plants As of December 31, 2007 Building/Plant Name City State Building/Plant Type Alabama Calhoun County Administration Building Anniston AL Courthouse Calhoun County Court House Anniston AL Courthouse 10044 Birmingham AL Office Alabama Operations Center Birmingham AL Office BellSouth City Center Birmingham AL Office Birmingham Homewood TownePlace Suites by Marriott Birmingham AL Hotel/Motel Roberta Plant Calera AL Cement Plant Honda Manufacturing of Alabama, LLC Lincoln AL Auto Assembly Plant Alaska Elmendorf AFB, 3MDG, DoD/VA Joint Venture Hospital Elmendorf Air Force Base AK Hospital Arizona 311QW - Phoenix Chandler Courtyard Chandler AZ Hotel/Motel Bashas' Chandler AZ Supermarket/Grocery Bashas' Food City Chandler AZ Supermarket/Grocery Phoenix Cement Clarkdale AZ Cement Plant Flagstaff Embassy Suites Flagstaff AZ Hotel/Motel Fort Defiance Indian Hospital Fort Defiance AZ Hospital 311K5 - Phoenix Mesa Courtyard Mesa AZ Hotel/Motel 100 North 15th Avenue Building Phoenix AZ Office 1110 West Washington Building Phoenix AZ Office 24th at Camelback Phoenix AZ Office 311JF - Phoenix Camelback Courtyard Phoenix AZ Hotel/Motel 311K3 - Courtyard Phoenix Airport Phoenix AZ Hotel/Motel 311K4 - Phoenix North Courtyard Phoenix AZ Hotel/Motel 3131 East Camelback Phoenix AZ Office 57442 - Phoenix Airport Residence Inn Phoenix AZ Hotel/Motel Arboleda Phoenix AZ Office Bashas' Food City Phoenix AZ Supermarket/Grocery Biltmore Commerce Center Phoenix AZ Office Biltmore Financial Center I Phoenix AZ -
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.