Magic Johnson Buys Houston Pavilions Complex
Magic Johnson is a terrible broadcaster and analyst, but brilliant businessman.
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Canyon-Johnson Urban Funds and Houston-based Midway Cos. have acquired the Houston Pavilions, which had been in receivership since the end of last year.
Canyon-Johnson — backed by basketball legend Earvin “Magic” Johnson — owns other commercial properties in Houston, including the Marq*E Entertainment Center and the Hotel Icon.
The three-block Pavilions was completed in 2008 and includes an 11 story building occupied by NRG Energy. Retail tenants include House of Blues, Forever XXI, McCormick & Schmick’s and Lucky Strike.