Lawsuits in 5 states allege investors were sold ownership stakes in income-generating medical office assets. Then tenants started going bankrupt
The Millcreek Commercial deals used the Colliers name
Investigation from @aSashaJones, Matt Wasielewski & @MaddyMcCarty for @Bisnow
Houston’s life sciences ecosystem is gaining momentum as the @TXMedCenter and its partners build on early, high-risk investments.
These efforts helped secure a $6.5B commitment from @EliLillyandCo and accelerate development at Helix Park and Ion.
🧬Read more: https://t.co/jJ3QCq9geI
SALE
IMAGE: Danny Sheena, Ali Choudhri, Davis Adams, Martin Hogan & Rick Goings
DATE: 04/08/2025
ADDRESS: 2425 West Loop South
MARKET: Houston
ASSET TYPE: Office ~ SF: 285,000
BUYER: Danny Sheena - SLS Proper...
View Post on Traded:https://t.co/QAYrA47V9u
A federal judge demanded Ali Choudhri appear in person and bring either the documents or a “proverbial toothbrush,” suggesting that he and his attorneys should be prepared to spend time behind bars.
https://t.co/uV2WeR5L9g
BREAKING: U.S. Congressman and longtime Houston Mayor Sylvester Turner has died at 70, United States representatives and sources confirmed on Wednesday.
This is a developing story.
https://t.co/490arCge3J
Hope you hate this as much as I do. Links to Bisnow articles 👇 Fantastic work by them, sign up for their stuff. GREAT read
https://t.co/g532e9CaY3
https://t.co/rMYvRZmWoG
Lucian Bukowski alleges in the lawsuit that he sought other job opportunities after clashing with CBRE over issues such as treatment of women on his team, vaccine mandates and “unneeded debate about diversity and gender inclusion.”
https://t.co/8qPVomgtHI
Fast casual restaurants like @Chipotle experienced major growth in 2024. #R365's GM of Inventory & Sales Joe Hannon spoke with @MaddyMcCarty about why in @Bisnow: https://t.co/aa7EbHZVUz
Bisnow reported that 12 multifamily properties in Houston are facing foreclosure, totaling ~$385mm in debt.
Here are the assets:
Village at Piney Point
Loan Size: $74mm
Address: 2601 Lazy Hollow Dr.
The Palms on Westheimer
Loan Size: $54.6mm
Address: 6425 Westheimer Rd.
Pecan Square Village
Loan Size: $38.7mm
Address: 14531 Ella Blvd.
Pine Lake Village
Loan Size: $10.6mm
Address: 1325 Greens Parkway
Ridge Point
Loan Size: $18.8mm
Address: 2700 Westridge St.
Green Tree Place Apartments
Loan Size: $20.1mm
Address: 700 Dunson Glen Dr.
Falls of Las Villas and Falls of Alta Vista
Loan Size: $33.5mm
Address: 407 & 621 S. Richey St., Pasadena
Reserve at 63 Sixty Three
Loan Size: $37.3mm
Address: 6363 W. Airport Blvd.
Park North
Loan Size: $56.3mm
Address: 16112 North Freeway
Sutter Ranch
Loan Size: $18.2mm
Address: 10445 Greens Crossing Blvd.
The Vintage
Loan Size: $24.7mm
Address: 6500 W. 43rd St
Source: Bisnow
Did you know? 🤔 Houston absorbed over 6M SF of #industrial space in Q3 alone! Trent Agnew with JLL Capital Markets spoke with @MaddyMcCarty of @Bisnow to explain why investors are flocking to the #Houston industrial market 👉 https://t.co/X2G6hHghz8