Capital Commercial Investments paid $18.2 million for a 10-story tower from Nobel Energy. The Austin Business Journal reports the purchase price was a mere fraction of the $110 million Noble Energy paid to acquire the building and the $60 million the company spent renovating and outfitting it with furniture. Capital Commercial Investments’ deal to acquire the building included the furniture. The building at 1001 Noble Energy Way was built in 1998 and offers 521,949 square feet of space.

The deal to acquire 1001 Noble Energy Way marks Capital Commercial Investments’ latest multimillion-dollar play in Houston’s office market.

Last year, the company also acquired One and Two Westway, at 11025 and 11125 Equity Drive; The Offices at Greenhouse, at 19219 Katy Freeway; and Energy Crossing II, at 15011 Katy Freeway. In all, the company acquired seven office buildings in Dallas and Houston in 2024 and will soon close on two more buildings in Dallas.