Regions Southwest
Firm Renews and Expands Lease to Occupy Entire 300,000SF Energy Corridor Building
May 16, 2008

The Shaw Group Inc. will stay put at 1430 Enclave Parkway now that it has renewed its lease with property owner Piedmont Office Realty Trust. Not only will the company continue to occupy its space at the 312,500-square-foot property, it will expand by 106,500 square feet to occupy the class A building in its entirety. Class A office space in Houston's Energy Corridor is scarce, according to real estate services firm Transwestern, which orchestrated the lease transaction. The average vacancy level for premier office space in the submarket is only 2.5 percent, and there are no available blocks of space larger than 40,000 square feet.

 
Recent Southwest Headlines
Lake Las Vegas Vegas-Area Resort Developer Files for Bankruptcy
July 18, 2008
A sluggish economy coupled with housing market woes nationwide trickled down to the robust Las Vegas housing market, contributing to the filing to reorganize under Chapter 11 bankruptcy for Lake at Las Vegas Joint Venture L.L.C., the master developer of the Lake Las Vegas Resort.
terminal Vegas Airport Awards $1.2B Construction Contract
July 17, 2008
Las Vegas's McCarran International Airport has awarded a $1.2 billion construction contract to Perini Building Co.
Grubb & Ellis Sells Texas Office Property
July 17, 2008
Grubb & Ellis Realty Investors L.L.C. announced the disposition of 1410 East Renner Road, a two-story office building in the Dallas suburb of Richardson, on behalf of tenant-in-common investors.
Trademark Buys Padre Staples Mall in Texas, Plans $50 Renovation
July 16, 2008
Trademark Property purchased Padre Staples Mall in Corpus Christi, Tex, the company said today.
Thompson National Buys Blind Dog Building in Utah
July 15, 2008
Thompson National Properties L.L.C. announced the acquisition of the Blind Dog Building in Park City, Utah on behalf of the Vulture Fund.