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May 14, 2024

Storied Galleria-Area Office Building Slated For Bankruptcy Sale

A protracted legal battle over a Galleria-area building may finally be coming to a head with the building set for sale under Chapter 11 bankruptcy proceedings.

Storied Galleria-Area Office Building Slated For Bankruptcy Sale

Hilco Real Estate is advertising the bankruptcy sale of the 285K SF building at 2425 W. Loop S., a building owned by an LLC tied to Jetall Capital and its CEO, Ali Choudhri.The National Bank of Kuwait has

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Short Seller Says Arbor Realty Committed Fraud To Avoid Reporting Deeper Losses

Short seller Viceroy Research released a new report about Arbor Realty Trust on Thursday, accusing the mortgage REIT of fraud and sending its stock down almost 5%.

Short Seller Says Arbor Realty Committed Fraud To Avoid Reporting Deeper Losses

Viceroy alleged in the report that Arbor is carrying out “an elaborate and intentional con” where Arbor hides losses by financing the purchase of assets from its own foreclosures in off-balance-sheet transactions, the report states. Citing a recent purchase of a Houston multifamily portfolio, the report claims…

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Friends Team Up To Acquire 6 Acres For Uptown Houston Mixed-Use Project

Friends Team Up To Acquire 6 Acres For Uptown Houston Mixed-Use Project  

Longtime friends have joined forces to acquire one of “the most important” parcels in Houston, a 6.3-acre tract at the southwest corner of Post Oak Boulevard and BLVD Place, for a mixed-use development.

John Goff, Doug Schnitzer and Leslie Doggett were all interested in acquiring the land, teaming up to form 1750 Post Oak Partners LLC. The LLC is a joint venture of Crescent Real Estate LLC, the Schnitzer family and the Doggett family, according to a news release.  “We have long viewed this…

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This Week’s Houston Deal Sheet: Local Firm Acquires 246K SF Office Building In Northwest Houston

This Week’s Houston Deal Sheet: Local Firm Acquires 246K SF Office Building In Northwest Houston  

David Z. Mafrige Interests acquired The Tower at 290, a 12-story Class-A office building at 13430 Northwest Freeway in Houston. 

The building is near the junction of U.S. 290 and Interstate 610 and has about 246K SF of office space. Houston-based firm DZMI is renovating the lobby and plans to upgrade the amenities and common areas, according to a release from Stream Realty Partners. DZMI acquired the building at the…

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TikTok: CRE's Hidden Deal-Maker

TikTok: CRE's Hidden Deal-Maker  

Aviva Sonenreich's business phone hadn't rung in months.

It was 2020, and the Denver-based commercial real estate broker had no deal flow and extra time on her hands. She turned to TikTok, thinking she could learn the app and carve out a niche by posting videos under the #commercialrealestate tag.

She was right. 

In one of Sonenreich's early posts, the camera pans a warehouse, a delicate sparkle filter adding a glow to the empty concrete building as her voice-over describes the specs.  "It had an incredible amount of security," she says in the 20-second video. "Enough electricity to service, I don't know, New…

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