Subdude Posted November 13, 2005 Share Posted November 13, 2005 JP Morgan Chase is moving alot of its offices out of the JPMCT, and into the building across the street, which is actually owned by them. I think its because the JPMCT is owned by Hines.The bank has minimized its space in the Chase Tower since the 1980s due to the lease cost. Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted November 13, 2005 Share Posted November 13, 2005 The bank has minimized its space in the Chase Tower since the 1980s due to the lease cost. There we go Quote Link to comment Share on other sites More sharing options...
The Great Hizzy! Posted November 14, 2005 Share Posted November 14, 2005 Calpine actually has ground level retail now. Forgot to mention that some weeks ago when I first came across it. Don't know what the place is (it's an eatery, I believe), but it's there. Quote Link to comment Share on other sites More sharing options...
ToolMan Posted November 14, 2005 Share Posted November 14, 2005 It's a Skyline Deli Quote Link to comment Share on other sites More sharing options...
The Great Hizzy! Posted November 14, 2005 Share Posted November 14, 2005 Ah... thanks. Quote Link to comment Share on other sites More sharing options...
jt16 Posted November 14, 2005 Share Posted November 14, 2005 Alright, alright... don't speed-bag my balls here. It's Burlington Reources, a sizable Oil and Gas company in town. Quote Link to comment Share on other sites More sharing options...
Lowbrow Posted November 14, 2005 Author Share Posted November 14, 2005 (edited) Burlington is another great outfit. They bought up Louisiana Land and Exploration which makes BR one of the biggest onshore players in Louisiana for oil and gas... and that is saying something.Both Burlington Resources and El Paso Natural Gas are spin-offs of Burlington Northern RR. Edited November 14, 2005 by Lowbrow Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted November 16, 2005 Share Posted November 16, 2005 Burlington is taking over a big chunk of the Calpine building. I think Calpine may even be selling the building.Calpine does not own the building. They are just a tenant. Quote Link to comment Share on other sites More sharing options...
MidtownCoog Posted November 16, 2005 Share Posted November 16, 2005 Wild when you think Rafik Hariri led this project. He was the former Lebanese PM.And how the dirty Syrian bastards killed him. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted November 18, 2005 Share Posted November 18, 2005 (edited) Here's confirmation on one of the rumors.EPCO (Enterprise) is buying 1100 Louisiana and moving their offices downtown, filling the building, which is now 75% occupied. Doesn't sound like 600,000 square feet, but still sweet.http://houston.bizjournals.com/houston/sto...tml?jst=b_ln_hl Edited November 18, 2005 by Houston19514 Quote Link to comment Share on other sites More sharing options...
MidtownCoog Posted November 18, 2005 Share Posted November 18, 2005 Man, Treebeards is REALLY going to be packed now. Quote Link to comment Share on other sites More sharing options...
jt16 Posted November 20, 2005 Share Posted November 20, 2005 not 600,000, but 325,000 isn't bad. It's definitely a good start. I work in 1100 Louisiana, and the West side of downtown was completely dead following the Enron collapse. There is definitely a lot more life here with Chevron and I expect the Enterprise move will add even more. Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted November 20, 2005 Share Posted November 20, 2005 What about all the Space Chevron and Texaco left when they left the Heritage Plaza and (Then) Chevron Tower?Combined, thats like a 1,000,000! Well, I know 600,000 in Heritage Plaza. Did they move it all to new Enron Building? Quote Link to comment Share on other sites More sharing options...
nola Posted November 23, 2005 Share Posted November 23, 2005 many moved to the new enron building but i would not be suprised to hear more from chevron, before the end of the year... just a hunch. they keep playing with office space in houston and they don't seem to be making decisions on new orleans either. Quote Link to comment Share on other sites More sharing options...
jt16 Posted December 30, 2005 Share Posted December 30, 2005 http://www.bizjournals.com/houston/stories.../26/story5.htmlSecond Enron tower beckons as Chevron hunts for spaceJennifer Dawson Houston Business JournalBuying the brand-new skyscraper developed by Enron Corp. apparently wasn't enough for Chevron U.S.A. The California-based oil and gas company acquired the downtown office tower last year for the purpose of consolidating employees. But the 1.2 million-square-foot building at 1500 Louisiana isn't big enough to hold the projected number of transplanted workers. Quote Link to comment Share on other sites More sharing options...
UrbaNerd Posted December 30, 2005 Share Posted December 30, 2005 (edited) From article: " Chevron requires an additional 500,000 to 700,000 square feet, according to the buzz among downtown real estate brokers." WOOOOOOOOHOOO! But, in 2007, Heritage Plaza will be almost vacant, it seems... Edited December 30, 2005 by UrbaNerd Quote Link to comment Share on other sites More sharing options...
MidtownCoog Posted December 30, 2005 Share Posted December 30, 2005 Anyone know what happened to the granite Texao "T" outside Heritage Plaza?I was there the day they took it away. Quote Link to comment Share on other sites More sharing options...
The Great Hizzy! Posted March 15, 2006 Share Posted March 15, 2006 This was in yesterday's HBJ but decided to post the article to start a discussion, since Chevron-Texaco increased their office demand a couple of weeks ago as well. I've not heard any updated stats on the office vacancy rate but I'd imagine that it's under 20% again. The key to garnering any prospects for new office construction is getting the vacancy rate closer to 12%. I realize that the Bayou Place expansion will bring more office space into the market but still... the fact that over half a million feet of additional (meaning, beyond what was already expected) office space has been absorbed is a good sign. http://houston.bizjournals.com/houston/sto...ml?surround=lfn Quote Link to comment Share on other sites More sharing options...
MidtownCoog Posted March 15, 2006 Share Posted March 15, 2006 new office constructionI'd prefer we clean up all our existing dumps before any new construction. Quote Link to comment Share on other sites More sharing options...
RedScare Posted March 15, 2006 Share Posted March 15, 2006 This was in yesterday's HBJ but decided to post the article to start a discussion, since Chevron-Texaco increased their office demand a couple of weeks ago as well.I've not heard any updated stats on the office vacancy rate but I'd imagine that it's under 20% again. The key to garnering any prospects for new office construction is getting the vacancy rate closer to 12%. I realize that the Bayou Place expansion will bring more office space into the market but still... the fact that over half a million feet of additional (meaning, beyond what was already expected) office space has been absorbed is a good sign.http://houston.bizjournals.com/houston/sto...ml?surround=lfnA Wall Street Journal article about this issue stated that 4th Quarter 2005 vacancy had dropped to 19.4%, which has to be considered a psychological barrier of sorts. If your CBD is over 20% vacant, you have this fatalistic feeling. Once it drops below 20%, you feel that it might survive. 19.4 may not be much under 20, but it sure sounds better without the 2 at the beginning of it. Quote Link to comment Share on other sites More sharing options...
The Great Hizzy! Posted March 16, 2006 Share Posted March 16, 2006 I agree 'Coog.And,Red has a point about the psychological nature of buying and selling. Certain numbers add a stigma to a product. For credit companies, it's a credit score that begins with a 5 or less (or even a 6 or less). Quote Link to comment Share on other sites More sharing options...
h-townsfinest Posted March 16, 2006 Share Posted March 16, 2006 who cares, let the building begin, sooner of later we are gonna be asking ourselves how come Houston doesnt have ENOUGH office space, keep hope alive, downtowns gonna be happenin in the next couple of years, we need the space! lol Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted October 24, 2006 Share Posted October 24, 2006 With Chevron's purchase of the old Enron Tower taking nearly 1,100,000 square feet of vacant space off the market and Brookfield's announcement that in addition to their purchase of both Enron towers, the entire Allen Center complex, and two vacant parcels, there's further good news today.Cheniere Energy is almost doubling their downtown lease...http://www.houston.bizjournals.com/houston...23/daily33.html Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted October 24, 2006 Share Posted October 24, 2006 But don't forget, while they did take up all that "Enron Tower Space", they left alot of space empty for Heritage Plaza & Fulbright Tower. Quote Link to comment Share on other sites More sharing options...
MidtownCoog Posted October 24, 2006 Share Posted October 24, 2006 What's up with Heritage Plaza?I walked by Friday and the entrance was boarded up.Is it completely empty? I remember the day they removed the big "T". Quote Link to comment Share on other sites More sharing options...
houstonfella Posted October 24, 2006 Share Posted October 24, 2006 What's up with Heritage Plaza?I walked by Friday and the entrance was boarded up.Is it completely empty? I remember the day they removed the big "T".So is Texaco not in there (Heritage) any more? I have a friend who worked there, but i haven't heard from him in a while. Guess I need to give him a call. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted October 24, 2006 Share Posted October 24, 2006 So is Texaco not in there (Heritage) any more? I have a friend who worked there, but i haven't heard from him in a while. Guess I need to give him a call.Wasn't Texaco bought by Chevron a good while back? Quote Link to comment Share on other sites More sharing options...
Houston1stWordOnTheMoon Posted October 24, 2006 Share Posted October 24, 2006 I remember the day they removed the big "T". Black gold Texas T Quote Link to comment Share on other sites More sharing options...
Trae Posted October 24, 2006 Share Posted October 24, 2006 Why would they remove that? It looks great. Quote Link to comment Share on other sites More sharing options...
ricco67 Posted October 24, 2006 Share Posted October 24, 2006 Why would they remove that? It looks great. Umm....because the "T" stands for "Texaco?" Did they move it to the new building? If not, then perhaps you can offer to buy it for your home. "T" would be perfect. Quote Link to comment Share on other sites More sharing options...
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