Interra Takes On Greenway Plaza
Interra Capital Group acquired Greenway Plaza, a landmark 53-acre, 4.5 million-square-foot mixed-use office campus in the heart of Houston. One of Houston’s most prominent commercial properties, Greenway Plaza is among the largest infill mixed-use business campuses in the United States. Its scale, location, and institutional significance make it a rare asset with substantial long-term potential.
Since the COVID pandemic, the property has changed hands due to the owner’s inability to make payments on a loan on the property. Of late, Trigild was named the court-appointed receiver to oversee the loan.
Interra Capital Group will pursue an active ownership and asset management strategy focused on operations, tenant engagement, leasing execution, and long-term repositioning. CBRE has been appointed to lead leasing at Greenway Plaza and will play a central role in tenant retention, new leasing activity, and broader market positioning.
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout