Downtown Houston buildings generate interest

Thanks to job growth

Marci Gilbert, May 07, 11.

Several downtown buildings for sale are generating substantial investor interest thanks to Houston’s job growth and projected economic performance, according to a story in the Houston Business Journal..

Five buildings and a 50 percent interest in two other assets are up for grabs under a variety of scenarios. One is a foreclosure, some have upside potential because they aren’t fully leased, and some are stable buildings offering a less risky investment.

“I think capital is focused on Houston right now, which is good,” said Richard Rudd with Houston-based Allied Advisors LLC, which specializes in investment sales.

Source: Houston Business Journal