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Empty Houston Texas Office Sees Value Cut By 76%
Former Spectra Energy Headquarters reported a new appraised value of $20.7M, a 76% haircut to the value of $84.5M in 2014.
The lease has expired after the building had been vacant for several years.
“Leasing up even a significant portion of the 614,000 square feet is going to be a daunting task.”
5400 Westheimer Court Houston, Texas
($47.5M | 13.4% of JPMBBB 2014-C25 | CMBX.8)
Built 1981
-Morningstar
#commercialrealestate
Blogged from my personal iPhone, 650-283-8008, number that Steve Jobs texted me on
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