This article originally appeared as an Op Ed in the Houston Chronicle There’s an unjustifiable project afoot in the city that’s somewhat of a solution in search of a problem. The alleged problem: congestion on Post Oak Boulevard near the Galleria. I’m not saying there is no traffic congestion in the area. Any weekday at…
Houston has more than 17 million square feet of new office space currently under construction, but that trend is about to end Much of it is of single-tenant campuses — like Irving, Texas-based Exxon Mobil corp. (NYSE: XOM) and Hous ton-based ConocoPhillips (NYSE: COP) — and are often tenant-owned, and it seems as though many…
In response to the Saudi-driven collapse of energy prices, Houston energy companies are drastically reducing their exploration and production capacity, cutting capital projects by 30 percent or more, which will have a big impact on Houston’s office real estate market. Most important to our conversation, they are dramatically reducing head counts. Houston-based Halliburton Co. (NYSE:…
