Houston Galleria tower faces auction over loan trouble
Another troubled office building will be forced to auction itself, as low occupancy rates and loans compound themselves into loads of headaches for the owners.
Stay updated with breaking news from Three Riverway. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Another troubled office building will be forced to auction itself, as low occupancy rates and loans compound themselves into loads of headaches for the owners.
An $80M loan for One Riverway was deemed to be in imminent default after occupancy dipped below 65% last year.
Real estate transactions: Stream Realty tapped to lease Galleria area office buildings FacebookTwitterEmail 1of2 Unilev Management awarded the leasing assignment for Riverway Houston to Stream Realty Partners. The two building property, consisting of One Riverway and Three Riverway, totals 910,000 square.Stream Realty PartnersShow MoreShow Less 2of2 Denver-based EverWest Real Estate Investors purchased 1301 S. 16th St., La Porte. The recently completed, 109,00-square-foot warehouse was purchased from Phelan-Bennett Development.EverWest Real Estate InvestorsShow MoreShow Less Denver-based Eve...