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https://www.bizjournals.com/houston/news/2018/02/06/exclusive-inner-loop-office-building-trades-hands.html An 81,505-square-foot office building near the River Oaks area has traded hands and will likely be redeveloped into some sort of multifamily development. The office property at 3000 Weslayan sold in November to Houston-based Morningside Capital, Tom Dosch and David Marshall told the Houston Business Journal. Dosch and Marshall co-founded Dosh Marshall Real Estate and the firm represented the seller, Houston-based McCord Development, in the 3000 Weslayan deal. McCord Development owns and operates Generation Park in northeast Houston. The purchase price of the building wasn't disclosed. The building was appraised at $8.3 million in 2017 by the Harris County Appraisal District. Morningside Capital intends to hold the property for several years until its ready to sell to a developer; the site is well-suited for a condominium or multifamily development, Dosch said. "Someone's going to go vertical," Dosch said. The building is at least 90 percent occupied and some tenants have several years remaining on their leases. Interest in the property was high; the firm received 30 offers in 30 days. Normally, they'd receive around 10 offers in such a short timeframe. Interest came from local investors, high-rise developers, multifamily developers and more. Developers comprised between 50 percent and 60 percent of the pool of interested buyers. http://images3.loopnet.com/i2/Mvy6ELCuHCxJzWernkq1Q5C_FWvYldeF3ndxBbiZWts/110/image.jpg