About 18 months after acquiring Marathon Oil Tower, Houston-based M-M Properties has announced major renovation plans to reposition the property before its eponymous tenant moves out.

Last year was wait-and-see for Houston office investment. This year has been anything but. The latest deal is Marathon Oil's 1.2M SF officer tower on the Northwestern side of the Galleria area.

Last year, Starwood Property Trust bought Marathon Oil Tower, a 1.2 million-square-foot, 41-story tower built in 1983, through a foreclosure sale, assuming a $55 million mezzanine loan and $88 million ...

The former Marathon Oil Tower in Uptown Houston has been sold to Energy Transfer, a Dallas-based energy company. Starwood Property Trust was the seller, having taken control of the building in ...

Marathon Oil Corp. has announced plans to move to a new building in west Houston and 20 floors in the tower — or more than 540,000 square feet — will become available in January 2022 ...

Marathon Oil Tower joins the growing list of office buildings under renovation in Houston.. M-M Properties has launched an extensive plan to transform and reposition the 41-story office tower at ...

A fund of Los Angeles-based CBRE Strategic Partners announced Wednesday it acquired Marathon Oil Tower, a 41-story office building in the Galleria/Uptown area, from Conn.-based Hanover Real Estate ...

The last time oil prices hit $100 a barrel nearly a decade ago, Houston’s commercial real estate market flourished. Real estate investors poured money into Houston. Developers raced to build new ...

(Bloomberg) -- For all the talk of workers fleeing pricey coastal cities such as New York and San Francisco, one of the most troubled spots in the U.S. commercial real estate market is deep in the ...

Office Glut Comes to Texas With Oil Bust Leaving Towers Empty Houston ended 2020 with a 24 percent office vacancy rate, the highest of any major U.S. city, according to JLL. Bloomberg | Feb 03, 2021 ...

Of 40,000 estimated jobs lost in the oil and gas sector in the Houston area last year, many were on the west side, including about 13,000 white-collar professionals — lawyers, accountants ...