Investors offer cash for lake's high-rise condos
Houston Chronicle real estate columnist Nancy Sarnoff is reporting that an investment group is ready to fork over $9 million for 44 unsold units in Clear Lake's Endeavour high-rise.
A bankruptcy judge is expected to make a decision this week on the bid led by Andrew Rosenberg, who already owns a condo in Seabrook and a shopping center on Garth Road in Baytown.
The Chronicle quotes Houston attorney Terrance Baggott on what's next for Endeavour, which suffered damage during Hurricane Ike, if Rosenberg is the successful bidder:
My client is a cash buyer and will be able to close shortly after an order is final. And then we're going to spend a lot of money on the building to bring it back to where it should be."
Read more about the deal at chron.com. Be sure to scroll down in the column to see the item on Endeavour.
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