HOUSTON – (Realty News Report) – Houston has 51.1 million SF of vacant office space, according to a third quarter report by NAI Partners. The city’s office vacancy problem was amassed following an energy industry downturn and layoffs in the energy workforce. Houston, which has a total of 236 million square feet of existing office space, has a 21.6 percent ... Read More »
Tag Archives: Anadarko
Impacting an Office Market: Chevron’s $33 Billion Acquisition of Anadarko – Could it Create More Vacancy?
THE WOODLANDS – (Realty News Report) – Chevron Corporation’s move to acquire Anadarko Petroleum for $33 billion could have some aftershocks on the Houston real estate market. Anadarko occupies a lot of office space in The Woodlands – two major towers named after iconic company leaders – the 32-story Allison Tower and the 31-story Hackett Tower. The buildings are on ... Read More »