Business Services Industry
Houston Chronicle Real Estate Column.
Knight Ridder/Tribune Business News, August, 2002
By Ralph Bivins, Houston Chronicle Knight Ridder/Tribune Business News
Aug. 18--Crescent Real Estate Equities owns a huge amount of office space in downtown Houston.
With that market in a decline, some would expect Crescent to ride out the storm, hoping to avoid catastrophe.
But Crescent officials are interested in buying even more downtown property: the 1.2 million-square-foot, 40-story Enron Center South.
The new tower is to be the prize in a high-stakes sale, akin to an auction, this fall. Mostly vacant, the building that cost $330 million to build is expected to fetch at least $100 million.
Fort Worth-based Crescent has been mentioned as one of the firms eyeing the building for several months. And John Goff, chief...
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