{"id":38756,"date":"2026-06-24T13:18:34","date_gmt":"2026-06-24T13:18:34","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=38756"},"modified":"2026-06-24T09:18:59","modified_gmt":"2026-06-24T13:18:59","slug":"houston-office-sees-building-value-cut-by-63000000","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/houston-office-sees-building-value-cut-by-63000000\/","title":{"rendered":"Houston Office Sees Building Value Cut By $63,000,000"},"content":{"rendered":"
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@FCNightingale The prop is subj to a loan with a curr bal of $48.3 mm. The loan had been placed on a watchlist after it failed to pay off on its antic repay date in Oct 2024, though it is not scheduled for final payoff until Oct 2027. Morningstar DBRS cited concern about the risk of a default<\/div>\n<\/td>\n<\/tr>\n
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Serge Kasarda (@SergeKasarda)<\/font><\/a><\/div>\n
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Empty Houston Texas Office Sees Value Cut By 76%<\/div>\n
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Former Spectra Energy Headquarters reported a new appraised value of $20.7M, a 76% haircut to the value of $84.5M in 2014. <\/div>\n
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The lease has expired after the building had been vacant for several years.<\/div>\n
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“Leasing up even a significant portion of the 614,000 square feet is going to be a daunting task.”<\/div>\n
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5400 Westheimer Court Houston, Texas <\/div>\n
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($47.5M | 13.4% of JPMBBB 2014-C25 | CMBX.8)<\/div>\n
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Built 1981 <\/div>\n
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-Morningstar<\/div>\n
#commercialrealestate<\/div>\n

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Blogged from my personal iPhone, 650-283-8008<\/a>, number that Steve Jobs texted me on<\/span><\/div>\n

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What They Will NEVER Teach You at Stanford Business School<\/font><\/a><\/div>\n
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@FCNightingale The prop is subj to a loan with a curr bal of $48.3 mm. The loan had been placed on a watchlist after it failed to pay off on its antic repay date in Oct 2024, though it is not scheduled for final payoff until Oct 2027. Morningstar DBRS cited concern about the risk […]<\/p>\n","protected":false},"author":1,"featured_media":38757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38756","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/38756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=38756"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/38756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/38757"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=38756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=38756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=38756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}