HOUSTON (Houston Business Journal, RealtyNewsReport.com) – Downtown Houston is bustling with activity lately. Chevron is expected to pay $380 million for the 50-story, 1.25 million-sf tower at 1400 Smith. Meanwhile, Skanska is under contract to buy the Houston Club Building at 811 Rusk.

And according to Mike Hassler of CB Richard Ellis, the historic Texaco Building at 1111 Rusk is being sold for redevelopment as residences.

Other buildings in play include the 1.7 million-sf Wells Fargo Plaza at 1000 Louisiana, the KBR Tower at 601 Jefferson, Travis Tower at 1300 Main, and Cullen Center at 500 Jefferson.