A longtime Houston Street office building and its neighboring hotel are staring down a Bexar County foreclosure auction after their owner defaulted on loans. Foreclosure notices filed this month have started the trustee-sale process, which could end with a lender taking control on the courthouse steps. The timing adds fresh stress to a downtown market that is still trying to find its footing after pandemic-era upheaval and a run of higher borrowing costs.
According to the San Antonio Business Journal, the historic Vogue Building, an office property in the Houston Street corridor, is among those hit with foreclosure notices after recent loan defaults, and a nearby downtown hotel owned by the same group is also implicated. The outlet reports that the current owner bought one of the properties in 2019 and the other in 2020, then fell behind on two loans tied to the portfolio.
The Vogue Building, listed in commercial property records at 600 Navarro Street, dates back to the 1930s and has long held a mix of creative offices and ground-floor retail, according to listing data. Crexi notes the building’s vintage, square footage, and its spot along the Houston Street retail corridor near the River Walk…