Man and woman dead in apparent murder-suicide on Alief Clodine Road, HPD says
Man and woman dead in apparent murder-suicide on Alief Clodine Road, HPD says
HOUSTON, Texas (KTRK) — A man and a woman were found dead after an apparent murder-suicide in the Alief area on Tuesday morning.
Houston police responded to the 12600 block of Alief Clodine Road near S. Dairy Ashford Road just after 8 a.m. and found a man and woman both dead with gunshot wounds.
The video above is ABC13’s 24/7 livestream.
After a preliminary investigation, officials believe the…
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Scout Chilly Logistics landed oil and gasoline know-how large Baker Hughes as a tenant in Pasadena.
The Houston-based vitality firm filed plans for inside construct out of the Scout Chilly Logistics Heart at 10575 Crimson Bluff Highway at Port Houston, 5 miles north of Clear Lake.
Baker Hughes plans 25,000 sq. toes of workplace area, 25,000 sq. toes of warehouse area, and 200,000 sq. toes of sunshine manufacturing.
The end outs are anticipated to value $18.55 million, or about $74 per sq. foot, although preliminary estimates are topic to vary. Native technical designer Vitality Structure will spearhead design. Building is slated to start April 30 and take a couple of yr.
Miami-based actual property funding and growth agency Scout Chilly Logistics, based by CEO Vincent Signorello, constructed the warehouse on spec in 2019. It was the agency’s first undertaking in Higher Houston and has an assessed worth of $20 million, in response to the Harris Central Appraisal District.
The agency owns 22 industrial properties throughout the nation, together with six throughout the Texas Triangle, totaling over 10.3 million sq. toes, in response to its web site.
Houston’s Southeast industrial submarket boasts the biggest building pipeline within the metro, with practically 5 million sq. toes of product set to hit the market, in response to JLL.
A sturdy growth pipeline contributed to the surge in deliveries, though building begins declined steadily all through final yr. They plummeted by over 50 p.c, with 15 million sq. toes of initiatives underway by yr finish.
In the meantime, leasing was white scorching in 2023. Regardless of the development hunch, leasing exercise reached its third-highest annual whole on document, with 34.6 million sq. toes of leases in 2023. Emptiness elevated marginally within the fourth quarter, hitting practically 8 p.c, however is anticipated to stabilize and reduce by mid-2024.
Baker Hughes in January leased 5 flooring, about 130,000 sq. toes of workplace area, within the Vitality Heart II, at 575 North Dairy Ashford Highway, in a transfer to consolidate its Houston-based workforce.
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The proprietor of Power Heart II is searching for a purchaser following a post-pandemic valuation drop.
The 12-story workplace constructing at 575 North Dairy Ashford Street, was developed in 2009 by Trammell Crow Firm and Principal Actual Property Traders. Its possession couldn’t be decided, and the value wasn’t listed. The constructing spans 307,000 sq. ft and is residence to Baker Hughes’ world headquarters, which leases practically half of the constructing.
JLL brokers Kevin McConn and Martin Hogan have the itemizing.
The constructing has a renovated foyer, plus a health heart, suites for nursing moms, meditation rooms, tech-free quiet zones and a full-service cafe.
Nevertheless, improved facilities couldn’t stave off the woes of Houston’s declining workplace market. The property has seen a notable drop in assessed worth, in keeping with the Harris County Appraisal District.
In 2023, it was appraised at $51 million, a 23 % dip from 2020, when it was assessed at practically $63 million. The constructing has struggled with occupancy post-pandemic, hitting a low of 30 % occupancy in 2021 earlier than rebounding to 80 % the next 12 months. It’s now 88 % occupied, since Baker Hughes took 5 flooring, or about 130,000 sq. ft, in October.
The worldwide vitality know-how firm is consolidating its Houston-based workforce within the Power Hall constructing, bringing 1,300 workers to the places of work.
The Power Hall noticed loads of massive leases in 2023, however its total emptiness charge stays elevated, hovering round 27 %, in comparison with the metro’s 26 %, in keeping with Avison Younger’s This fall 2023 Workplace Report.
Houston’s workplace market continues to navigate persistent challenges marked by excessive emptiness charges and tightening lending situations. The common gross sales worth of workplace properties in 2023 fell to its lowest charge since not less than 2007, at $135 per sq. foot, in keeping with JLL.
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