Blumberg Office Property Management
Blumberg Office Property Management provides services for its investment management clients, as well as for its corporate services clients. We constantly seek to enhance the value of a real estate property by making selective capital upgrades, controlling operating costs, and managing risk exposure to enable clients to benefit from our professional skills and experience.
Blumberg Office Property Management at Work
Blumberg Office Property Management manages Houston’s Three Riverway office building, which Blumberg Office acquired in November 2000. The building is a 400,000 square foot, Class A office property located in Houston’s prestigious Galleria area. Like many of the major office towers in that city, Three Riverway can be vulnerable to rising waters of the nearby Buffalo Bayou. Accordingly, the acquisition was made contingent on the installation of a specially designed floodgate system and emergency procedures were implemented to ensure its proper use in the event of a storm. In June 2001, Tropical Storm Allison flooded Houston with over 40 inches of rain. Our effective, proactive steps to protect the asset resulted in Three Riverway opening for business without significant damage on the Monday morning after the storm. Meanwhile most other major office buildings in the path of the floods incurred major damage, and were closed for several days. Network news and the local media commented on the effectiveness of Blumberg Office Property Management’s pre-emptive approach.
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