Note: Story has been updated.
Houston Business Journal reports that Office Max and Office Depot are combining into one global office force to be reckoned with. The $1.17-billion, all-stock deal between the two big-box paper pushers is expected to create a single company — with less overhead and less overlap, too, you’d think — that’s worth $18 billion. Also, the Houston Chronicle‘s Nancy Sarnoff reports that developer Ed Wulfe says that “9 or 10 of the 40 Office Depots and 19 Office Maxes in greater Houston are close enough to each other that one will have to close.” One of those, pictured here, is located in the strip center at Richmond and Kirby. [Houston Business Journal; Prime Property] Photo: Panoramio user Wolfgang Houston
Randall Davis has completed the purchase of (most of) the 1405 Post Oak property where that long-standing McDonald’s was getting in the way of his Astoria development (the rendering of which is shown here), reports the Houston Chronicle‘s Nancy Sarnoff: The McDonald’s that appeared in last Monday’s 
Missing from 
“These houses turn over once in a lifetime and if you miss the opportunity, you’re screwed,” declares an unidentified Shadyside resident in Terrence McCoy’s Houston Press cover story — about 
Comment of the Day: The Short Timers
“I’ve lived in Oak Forest now for 11+ years, zoned to OFE, in an original house just north of 43rd, west of Ella and about 5 years ago began receiving sporadic letters to buy the house site unseen. That stepped up a bit a year ago and we now get 2-3 a month from random builders/real estaters trying to purchase our house with promises to close within 30 days.
Granted not all the original homes are gems, some need to be torn down, but there aren’t many of those now left, and other originals are well maintained and still solid, smaller by today’s standards, but that’s a preference for me. The kids enjoy the bigger yard.
I don’t mind the new bigger homes that much, but unfortunately the new homes on the block have had owners that lived there for about a year before they put it back on the market. Both are back up for sale again at the same time. The block is pretty tight, we know each other, but really never got to know the folks in the new builds. That is the underlying issue for a lot of the folks in the neighborhood with the old vs. new, it’s the perceived mindset or commitment to the neighborhood.” [greg, commenting on Comment of the Day: That Brand-New Neighborhood Called Oak Forest]