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recent interest rate cut has brought some relief to commercial property owners struggling with debt, but for others, it may be too little, too late. In Harris County, at least seven properties worth $260 million are set to be auctioned off on October 1, according to Roddy's Foreclosure Listing Service.

    The office market in Houston is particularly dire, with a vacancy rate of 26.3% as of mid-year, up from 24.7% the previous year, according to Partners Real Estate. Here are some of the biggest commercial properties facing foreclosure in Harris County next month:

    * OfficeOne Riverway: A 25-story office building in Houston's west side, with a $80 million mortgage that Unilev Capital defaulted on.

    * 2900 Weslayan: A six-story building in south Houston, where Frost Bank claims Griffin Partners defaulted on a $19.35 million loan.

    * 2401 Fountain View Drive: A 10-story office building in west Houston, where Woodforest National Bank moved to foreclose after Finial Group defaulted on a $17 million loan.

    * Reserve at 6363: A 468-unit apartment complex in southwest Houston, where Omni and Brook Holdings defaulted on a $37.25 million mortgage.

    * Park North: A 372-unit apartment complex in north Houston, where the owners defaulted on a $56.3 million loan from Arbor Realty.

    * Northbrooke Apartment Homes: A 240-unit apartment complex in north Houston, where Mudra Investments defaulted on a $32.5 million loan from Arbor Realty.

    * Sutter Ranch: A 228-unit apartment complex in northwest Houston, where GenWealth Capital Group defaulted on an $18.2 million mortgage from Berkeley Point Capital.

    It's possible that some of these borrowers and lenders may reach agreements to avoid foreclosure before October 1.