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In 1965 the headquarters moved to Houston. The performance of the company was good until an economic decline of the economy of Texas in the 1980s. [4] Around 1987, the company bought 272 7-Elevens in Houston from Southland Corporation for $250,000 (equivalent to $670,474.52 in 2023) per store. In 1988, the company bought 79 7-Eleven stores in ...
On Wednesday August 2, 2000, the Houston City Council voted 10–4 to stop enforcing the informal agreement and enact a new law that exempts a company from the height restriction if the national headquarters of a company occupies 45 percent or more of a Downtown Houston building of over 750,000 square feet (70,000 m 2) of usable space.
Fortune 500 companies based in Houston [1]: Rank Company name 12: ExxonMobil: 48: Phillips 66: 60: Sysco: 105: Enterprise Products Partners: 106: Hewlett Packard Enterprise: 127: Plains GP Holdings
Lynn Cook of the Houston Business Journal described this as "an astonishing number for the size of Andersen Consulting's lease." [2] In 1999, realty firm Cushman & Wakefield moved its Houston office into the America Tower from the Wells Fargo Tower of Four Oaks Place in Uptown Houston. As of 1999 the building was 99% leased. [13]
NAFTA GDP – 2012: IMF – World Economic Outlook Databases (October 2013) The North American Free Trade Agreement (NAFTA / ˈ n æ f t ə / NAF-tə; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America.
The building was the former headquarters of Enron, one of America's largest commodities trading companies during the 1990s and later infamous for its financial scandal in 2001. 1400 Smith Street was originally known as Four Allen Center prior to Enron relocating to Houston in 1985. [4]
The United States–Mexico–Canada Agreement is based substantially on the North American Free Trade Agreement (NAFTA), which came into effect on January 1, 1994. The present agreement was the result of more than a year of negotiations including possible tariffs by the United States against Canada in addition to the possibility of separate bilateral deals instead.
CenterPoint Energy Tower (formerly Houston Industries Plaza) is a 741 feet (226 m) tall building in downtown Houston. The original building, finished in 1974, stood at 651 feet (198 m), but a 90-foot (27 m) extension was added as part of a 1996 renovation.