Jennifer Dawson of the Houston Business Journal reports at least five buildings are up for sale in downtown Houston. Chevron is expected to pay $380 million for the 50-story, 1.25 million tower at 1400 Smith. Skanska is under contract to buy the Houston Club Building at 811 Rusk, Dawson reported, Other buildings in play include: the 1.7 million-sf Wells Fargo Plaza at 1000 Louisiana; KBR Tower at 601 jefferson, Travis Tower at 1300 Main, Cullen Center at 500 Jefferson. The historic Texaco Building at 1111 Rusk is being sold for redevelopment as residences, according to Mike Hassler of CBRE.
