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Houston Chronicle Leaves Downtown; Newspaper Property Now Controlled by Hines

HOUSTON – After more than a century downtown, the Houston Chronicle — the city’s oldest continually published newspaper — is moving to the suburbs. The relocation of the Chronicle from its block-sized building at 801Texas to the former Houston Post facility at 4747 Southwest Freeway – which was purchased two decades ago – is expected to be completed by the ... Read More »

Texas Newspaper Evolution Puts Prime Development Sites in Play

AUSTIN and HOUSTON — Paper, ink and expensive downtown real estate seem be going out of vogue as newspapers evolve in the digital age. The latest chapter: The Austin American-Statesman is selling its prime property on the south side of Austin’s downtown. This comes on the heels of a monumental shake-up with the Houston Chronicle’s real estate. In October, the ... Read More »

Bracewell & Giuliani Re-Ups at Pennzoil Place

HOUSTON – The Bracewell & Giuliani law firm has signed a 189,061-square-foot long-term lease renewal at Pennzoil Place, the twin trapezoidal towers that are considered the some of the most architecturally significant office buildings in downtown Houston, and in the entire state of Texas. Developed by Hines Interest some 40 years ago, Pennzoil Place was dubbed the Building of the ... Read More »

Hines Buys Houston Chronicle Property in Downtown Houston

HOUSTON – The Hines development firm has acquired the Houston Chronicle’s downtown property, which is viewed as a potent high-rise development site for the future after the old newspaper building is demolished. “Given the site(s) adjacency to the business and theater districts and the proximity to Market Square, we consider this one of the most strategically-connected locations for future development ... Read More »

Houston Chronicle’s Demolition to Clear Way for Hines’ Next Addition to Houston Skyline

HOUSTON – Hines, one of the world’s most successful skyscraper developers, is expected to acquire the Houston Chronicle’s downtown property later this year and demolish the newspaper building. But with the Houston office market headed for the doldrums it will be years before the Chronicle site, 801 Texas Avenue, will have a new skyscraper on it.  A groundbreaking in 2018, ... Read More »

Hines Working on a $50M Deal to Buy Houston Chronicle’s Downtown Building

HOUSTON – Hines, which has developed more than a dozen projects in downtown Houston, has been negotiating a $50 million deal to acquire the Houston Chronicle property in downtown. The newspaper’s facilities cover 99,184 square feet of land on two city blocks and would be an ideal platform for Hines to construct its next Houston skyscraper. Hearst Corp., which owns ... Read More »

High Hopes: Whisper Number is $40M for Houston Chronicle HQ

HOUSTON – Hearst Corp. is hoping to fetch as much as $40 million in the sale its downtown Houston Chronicle property. Employees of the nation’s sixth largest newspaper are expected to relocate to the company’s facilities on the Southwest Freeway near Loop 610 in the fall of 2016. HFF is marketing the Chronicle’s downtown property, covering 99,184 square feet of ... Read More »

Hearst Selects HFF to Market Houston Chronicle Downtown Property

HOUSTON – Hearst Corp. has selected the HFF commercial real estate brokerage firm to handle the sale of its Houston Chronicle property in downtown Houston. Hearst interviewed a number of Houston’s leading commercial real estate brokers before selecting HFF, a national firm with a strong local office. The 10-story Chronicle building, 801 Texas Ave., covers a full city block and ... Read More »

Downtown Departure: Houston Chronicle Moving Out

HOUSTON – The Houston Chronicle will relocate employees from its downtown offices and move into to the former Houston Post facility on the Southwest Freeway, not far from the Galleria, the Hearst publication announced Monday. The Post building now houses the Chronicle’s printing presses, distribution, circulation and sales employees. The Chronicle is expected to sell its 10-story downtown building, located ... Read More »

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