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Htowns Arena Theatre Facts
Lawrence Wong, a real estate developer, acquired tower one from Bank of America in 1989.
" Upturn in business prompts hiring at Affiliated Computer Services' Houston call center." Houston Business Journal.
During that year Logan Brown, a senior vice president of Grubb & Ellis, a real estate firm, said that the buildings were worth $30 million.
Afterwards, in 1986, Powers attempted to claim Arena Tower I, the north side tower, as his personal residence to prevent foreclosure.
In December 2004 the Arena Group and two limited partners bought the entire Arena Place complex from Lennar Partners for about $24.5 million.
Since the acquisition occurred, all of the buildings underwent renovations.
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