HOUSTON CHRONICLE COMPLEX DOWNTOWN GOING ON SALE — A YEAR OR 2 TOO LATE? The Houston Chronicle‘s former real estate reporter says Hearst is putting the Chronicle complex at 801 Texas Ave. up for sale at a less-than-ideal time. Ralph Bivins reports that the newspaper’s parent company has just selected brokerage firm HFF to market the building, on the block surrounded by Milam, Travis, Texas, and Prairie, and its separate parking garage. But “Hearst would have met stronger demand by putting the Chronicle property on the market a year or two ago,” Bivins writes. “Hearst moved too late to catch the crest of the wave. The price for the Chronicle property is expected to be less than $50 million.” In July, the company announced the newspaper’s offices would be moved to revamped facilities in the former Houston Post complex at 4747 Southwest Fwy. [Realty News Report; previously on Swamplot] Photo: Ralph Bivins