In Geekdom News

The 100-year-old Rand Building downtown has a new owner and soon will be filled with geeks.

Weston Urban, headed by billionaire entrepreneur and Rackspace Hosting Inc. Chairman Graham Weston, said Monday it has purchased the historic building at 100 E. Houston St. The real estate investment and development firm bought the eight-story building and a 450-space parking garage from Frost Bank, which will lease back most of the building for two years, said Dick Evans, chairman and CEO of Cullen/Frost Bankers, the holding company for Frost Bank.

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rand buildingcity view from weston centre