Regions Southwest
48,000-SF Houston-Area Medical Office Building Pre-Leased
Aug 29, 2008

The 48,000-square-foot medical office structure that will rise up at 253 Medical Center Blvd. in Webster, Tex., has been just been claimed by IDEV Technologies Inc. The company signed a lease with property developer Jacob White Construction Co. to occupy the entire Class A building, which is a companion to the one-year-old, 48,000-square-foot building at 251 Medical Center. Construction commenced this month on IDEV"s new home, located 20 miles south of Houston, and is on target to reach completion in August 2009. Like its twin, the high performance facility isdesigned to achieve LEED Gold certification. Sporting a green roof and other sustainable design elements 253 Medical Center will allow for 40 to 50 percent lower operating costs.

 
Recent Southwest Headlines
General Growth Wangles Extensions on $900M in Mortgages
Dec. 01, 2008
General Growth Properties Inc. has reached an agreement with a six-lender consortium to extend the maturity date for $900 million in mortgage loans on the company’s Fashion Show and Palazzo malls on the Las Vegas strip.
Halvorson Joins Hanley Investment as SVP, Arizona Retail
Dec. 01, 2008
Hanley Investment Group Real Estate Advisors said today that industry veteran John Halvorson has joined the company as a senior vice president to focus on the Arizona retail market.
Commerce Center Intercontinental Acquires Tucson Industrial Portfolio
Nov. 25, 2008
Intercontinental Real Estate Corp. has purchased a technology & industrial portfolio in Tucson, Ariz., the company announced. The acquisition was made on behalf of Intercontinental’s U.S. Real Estate Investment Fund L.L.C.
Opus Phoenix-Area Retail Center Moves Forward
Nov. 21, 2008
Opus West Corp. has begun construction on, and nailed down leases for most of the space at, the 170,000-square-foot Mill Crossing retail center in Chandler, Ariz., in southeast metro Phoenix.
$700M Houston-Area Mixed-Use Project Expands
Nov. 20, 2008
A huge mixed-use development in a Houston suburb has recently both broken ground and potentially added another major component. The 150-acre WaterLights project, being developed by Historic Real Estate Inc., is under way in the growing Houston suburb of Pearland.