Posted Sep 2, 2015, 5:14 PM
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Moderator
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Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,383
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http://www.chron.com/business/real-e...wn-6479478.php
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Originally Posted by Houston Chronicle
Hines has contract to purchase Chronicle building
Houston-based Hines is under contract to buy the Houston Chronicle building and parking garage put on the market earlier this year, as the newspaper plans to move from downtown to a location on the Southwest Freeway.
John Mooz, senior managing director of Hines, confirmed the company's plans to acquire the property late Tuesday but would not expand on what it plans for the site or provide any other details.
The sale is likely to close sometime in the fourth quarter, Paul Barbetta, executive vice president and chief operating officer of the Houston Chronicle Media Group, said Tuesday.
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