At Risk on Rusk

AT RISK ON RUSK Earlier this month Cameron Management lost the 2000 St. James Place office building to foreclosure; now CEO Dougal Cameron is trying hard not to lose the Houston Club Building Downtown. So the Cameron-controlled limited partnership that owns the 18-story 62-year-old office building at 811 Rusk is declaring bankruptcy. Cameron had visions of converting the building into a hotel or high-end apartments when his investment group bought it from JPMorgan Chase in 2007; more recently the company hired PageSoutherlandPage to plan an “educational facility” to take over several floors. The building has 5 levels of parking. The Houston Club, which counts George Bush as one of its members (and as the name of one of its rooms), has a low-cost lease on four floors that expires in five years. [Houston Chronicle] Photo: Silberman Properties