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The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [1] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...
The Park Towers. Park Towers is a complex of two office buildings along the 610 Loop in Houston, Texas, United States.It consists of two 18 story office towers, Park Towers North and Park Towers South, which each have 272,621 square feet (25,327.3 m 2) of rentable space, [1] and one six story parking garage. [2]
In 1993, the Consulate-General of the United Kingdom in Houston leased 9,707 square feet (901.8 m 2) in the First Interstate Plaza. [8] In 1995 Koll Real Estate lost the management contract for the First Interstate Plaza. [9] In 1996, NGC Corp. (now Dynegy) leased 260,000 square feet (24,000 m 2) in the First Interstate Plaza.
Graph showing the increase in price of commercial real estate in the US. Cash inflows and outflows are the money that is put into, or received from, the property including the original purchase cost and sale revenue over the entire life of the investment. An example of this sort of investment is a real estate fund. Cash inflows include the ...
Houston Center was one of the largest private development projects ever, however only a small portion of the plan was realized, leaving a large swath of downtown Houston covered in parking lots and vacant land. [6] Panhandle Eastern Corporation acquired Houston Center when Texas Eastern was sold to Panhandle for $2.5 billion in stock in June 1989.
A lease of real estate, regardless of the country or state of jurisdiction, fundamentally comprises clauses that define the commercial terms, legal terms and functional terms of the transaction. A Lease Abstract is prepared upon the execution or commencement of the agreement to provide a more simplified, easier to use and shorter reference ...
The Houston Business Development, Inc. (HBD) and the Business Information Center (BIC) are in Palm Center. [19] Over 40 small businesses are in the complex. [18] The Houston Texans YMCA was built on 5-acre (2.0 ha) of land, [20] on the site of a previous building that had been abandoned; this building had the original Palms Center sign. [18]
Houston's first building standing more than 492 feet (150 m) was the El Paso Energy Building, completed in 1962. [9] After the Texas real estate collapse in late 1980s, the city saw no new major office buildings until 2002, when 1500 Louisiana Street was completed. [ 10 ]
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