{"id":1004767795,"date":"2025-08-07T02:21:06","date_gmt":"2025-08-07T10:21:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004767795"},"modified":"2025-08-07T02:21:08","modified_gmt":"2025-08-07T10:21:08","slug":"younan-refinances-houston-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/","title":{"rendered":"Younan Refinances Houston Office Building"},"content":{"rendered":"\n

<\/p>\n\n\n

\n
\"Exterior<\/a>
2 Westlake rises 17 stories in Houston\u2019s Energy Corridor. Image courtesy of Priority Capital Advisory<\/em><\/figcaption><\/figure><\/div>\n\n\n

Younan Co. has obtained a $26.6 million bridge loan for 2 Westlake, a 467,609-square-foot Class A office tower in Houston\u2019s Energy Corridor. Priority Capital Advisory provided the financing.<\/p>\n\n\n\n

The property is at 580 Westlake Park Blvd., part of the 2.8 million-square-foot Westlake Park office campus. Completed in 1982, the 17-story building is certified LEED Silver, according to Yardi Research Data. The tower features 22,500-square-foot floorplates and several amenities such as a full-service deli, coffee bar, conference center, tenant lounge and fitness facility.<\/p>\n\n\n\n

\n\n\n\n

READ ALSO:<\/strong> Houston Office Sector Off to a Slow Start<\/a><\/p>\n\n\n\n

\n\n\n\n

Younan had acquired 2 Westlake in 2022 for $21.6 million. The property was completely vacant at that time and the owner completed substantial renovations, including remodeling the lobby. The building is 56 percent leased at present.<\/p>\n\n\n\n

Priority Capital has provided more than $500 million in debt financing since its inception.\u00a0Founder & President Zachary Streit recently offered insights<\/a> on why regional banks have been quietly reengaging with CRE lending and how that will affect both borrowers and capital markets players. <\/p>\n\n\n\n

Houston office market gradually improving<\/h2>\n\n\n\n

Houston\u2019s office market has seen some improvement recently, as net absorption rose to about 758,000 square feet, versus not quite 8,000 square feet in the first quarter, according to a second-quarter report from Partners Real Estate. Leasing too increased, to 2.7 million square feet, driving vacancy down a bit, to 26.2 percent.<\/p>\n\n\n\n

Total availability of Class A space in the Energy Corridor was 25.8 percent at the end of June, on an inventory of 13.9 million square feet, the report also shows. The average gross asking rent clocked in at $30.33 per square foot.<\/p>\n","protected":false},"excerpt":{"rendered":"

The tower is part of a 2.8 million-square-foot campus.<\/p>\n","protected":false},"author":882,"featured_media":1004767810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1589,21742,21747,51973],"tags":[32779,52615,33586],"class_list":["post-1004767795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-houston","category-latest","category-office","category-southwest","tag-leed","tag-priority-capital-advisory","tag-younan-properties"],"acf":[],"yoast_head":"\nYounan Refinances Houston Office Building - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Younan Co. has obtained a $26.6 million bridge loan from Priority Capital Advisory for 2 Westlake, a Class A office tower in Houston.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Younan Refinances Houston Office Building\" \/>\n<meta property=\"og:description\" content=\"Younan Co. has obtained a $26.6 million bridge loan from Priority Capital Advisory for 2 Westlake, a Class A office tower in Houston.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-07T10:21:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-07T10:21:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/2-Westlake.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1144\" \/>\n\t<meta property=\"og:image:height\" content=\"858\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/\",\"name\":\"Younan Refinances Houston Office Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/2-Westlake.jpg\",\"datePublished\":\"2025-08-07T10:21:06+00:00\",\"dateModified\":\"2025-08-07T10:21:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Younan Co. has obtained a $26.6 million bridge loan from Priority Capital Advisory for 2 Westlake, a Class A office tower in Houston.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/2-Westlake.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/2-Westlake.jpg\",\"width\":1144,\"height\":858,\"caption\":\"Exterior shot of 2 Westlake, an office building in Houston\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Younan Refinances Houston Office Building\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Younan Refinances Houston Office Building - Commercial Property Executive","description":"Younan Co. has obtained a $26.6 million bridge loan from Priority Capital Advisory for 2 Westlake, a Class A office tower in Houston.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/","og_locale":"en_US","og_type":"article","og_title":"Younan Refinances Houston Office Building","og_description":"Younan Co. has obtained a $26.6 million bridge loan from Priority Capital Advisory for 2 Westlake, a Class A office tower in Houston.","og_url":"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-08-07T10:21:06+00:00","article_modified_time":"2025-08-07T10:21:08+00:00","og_image":[{"width":1144,"height":858,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/2-Westlake.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/","url":"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/","name":"Younan Refinances Houston Office Building - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/2-Westlake.jpg","datePublished":"2025-08-07T10:21:06+00:00","dateModified":"2025-08-07T10:21:08+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"Younan Co. has obtained a $26.6 million bridge loan from Priority Capital Advisory for 2 Westlake, a Class A office tower in Houston.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/2-Westlake.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/2-Westlake.jpg","width":1144,"height":858,"caption":"Exterior shot of 2 Westlake, an office building in Houston"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/younan-refinances-houston-office-building\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Younan Refinances Houston Office Building"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/2-Westlake.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004767795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004767795"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004767795\/revisions"}],"predecessor-version":[{"id":1004767820,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004767795\/revisions\/1004767820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004767810"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004767795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004767795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004767795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}