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Everything posted by houstonfella
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University Debates: Sports, Fundings, And Developments
houstonfella replied to Timoric's topic in Off Topic
SEC awaits. Bring it. Geaux Tigers!- 486 replies
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- texas am university
- university of texas
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Parkside Residences: 43-Story Residential High-Rise For Block 98
houstonfella replied to largeTEXAS's topic in Going Up!
True dat!- 1163 replies
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- trammel crow
- high street residential
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Parkside Residences: 43-Story Residential High-Rise For Block 98
houstonfella replied to largeTEXAS's topic in Going Up!
It is tunnel connected to the new Bank of America Building and yes Brava will be tunnel connected.- 1163 replies
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Parkside Residences: 43-Story Residential High-Rise For Block 98
houstonfella replied to largeTEXAS's topic in Going Up!
One Market Square is tunnel connected.- 1163 replies
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- trammel crow
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I glanced at the Chronicle this morning and it stated 51 stories, so you were close.
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One Market Square: Proposed Office Tower For Block 43
houstonfella replied to lockmat's topic in Going Up!
At 19.5 percent, downtown Houston's vacancy rate is still well-above the national average of around 14 percent. But since 2016, downtown Houston's trophy towers have been home to 64 percent of signed leases in downtown greater than 20,000 square feet, per the report. This is despite those towers comprising 36 percent of downtown's office inventory. Among those deals is Targa Resources Corp. (NYSE: TRGP), a Houston-based energy company, signing a 127,734-square-foot lease in 811 Louisiana in March. And though this tower is still under construction, Charlotte, North Carolina-based Bank of America Corp.(NYSE: BAC) preleased 210,000 square feet in Capitol Tower in the second quarter. The building's underway at 800 Capitol St. The healthy activity in downtown Houston signals an ongoing flight to quality, per the report. Among the submarket's top Class A towers, which includes Hines' new tower 609 Main, rent rates are 28.8 percent higher on-average than other Class A buildings in downtown. The average asking rent in top-tier Class A buildings in downtown is $46.46 per square foot gross, per the report. Throughout Houston, the average Class A asking rent is $33.04 per square foot gross. “Despite ongoing headwinds in Houston’s office market, many tenants in the market are still seeking trophy and Class A+ space,” said JLL's executive vice president John Pruitt in a statement. The steady rent and healthy leasing activity among downtown's top-tier buildings is attracting investors, too, per the report. Discrepancies in seller expectations versus the realities of what buyers were willing to spend hindered investment activity in 2016. But things are starting to pick up in that sphere. In 2017, Houston's seen roughly 1.3 million in total investment volume, a stark increase from the $330 million in investments that closed throughout all of 2016, according to the report. “Cautious optimism and the belief that the worst may be behind us has investors feeling more positively about Houston," said Rudy Hubbard, managing director of JLL's capital markets group, in a statement. "Many groups who have been on the sidelines waiting for the right opportunity and the right time are beginning to look again.” Several new investors have entered the Houston market this year. Earlier this month, Lingerfelt Commonwealth Partners made its first Houston purchase by acquiring the property 1700 West Loop South. It won't be the last Houston acquisition from Lingerfelt, a company executive told the Houston Business Journal. San Francisco-based Spear Street Capital purchased three Houston properties– 5 Houston Center, Energy Center I and 515 Post Oak Boulevard – in a 1.2 million-square-foot deal valued at $272 million. That deal closed in January. Shortly after, Spear Street acquired Exxon's former 16.88-acre campus in the Greenway Plaza area.- 957 replies
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Drewery Place: Multifamily High-Rise At 2850 Fannin By Caydon
houstonfella replied to Urbannizer's topic in Going Up!
Bisnow article: https://www.bisnow.com/houston/news/economy/waiting-for-the-bounce-as-houston-rebounds-back-76781- 1573 replies
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The Allen: Allen Parkway & Gillette St. Mixed-Use Development
houstonfella replied to jmontrose's topic in Going Up!
Nothing humdrum about it. IMHO- 1265 replies
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Bank Of America Tower: Office Building For Downtown
houstonfella replied to barracuda's topic in Going Up!
Pennzoil is 523 ft. tall and Capitol Tower will be 579 ft. tall. So, yes, it should be quite visible from I-45 coming into town from the north. -
Bank Of America Tower: Office Building For Downtown
houstonfella replied to barracuda's topic in Going Up!
Finally! http://www.chron.com/business/real-estate/article/Bank-of-America-lease-jump-starts-construction-of-11068370.php -
Absolutely fabulous. I couldn't believe my eyes when driving in early this morning!
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2807 Bammel Lane: Proposed Multifamily Building
houstonfella replied to Dakota79's topic in Going Up!
Houstonia September 2016- 62 replies
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Bank Of America Tower: Office Building For Downtown
houstonfella replied to barracuda's topic in Going Up!
Regarding the stadium, of the $442 million price, $284 million is being paid for with hotel occupancy and car rental taxes earmarked for use by the sports authority, with the remainder coming from tenant payments and user fees. So, unless you are staying in hotels here or renting cars, your tax dollars aren't "being wasted" on NRG Stadium. -
Bank Of America Tower: Office Building For Downtown
houstonfella replied to barracuda's topic in Going Up!
And, from my understanding, that's what Bracewell is going to do. -
Bank Of America Tower: Office Building For Downtown
houstonfella replied to barracuda's topic in Going Up!
Inside sources confirm that this is just the garage being built. I was told the tunnel would be open by the end of the year. They are looking for a very large tenant before building the tower. The large law firm has decided to remain in its Pennzoil Place. -
Wow!
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Bank Of America Tower: Office Building For Downtown
houstonfella replied to barracuda's topic in Going Up!
(1) Currently the law firm has approx. 104 attorneys in 4 floors. (2) The law firm that will be leasing new space in 2018 has 220 or so lawyers and have about 9 or 10 floors now. -
Bank Of America Tower: Office Building For Downtown
houstonfella replied to barracuda's topic in Going Up!
I know one is in talks with Skanska. I am not 100% sure that the second is, but I am trying to find out. -
Bank Of America Tower: Office Building For Downtown
houstonfella replied to barracuda's topic in Going Up!
I know of one fairly large downtown law firm in negotiations with Skanska to move in 2017. I also know that another large downtown law firm is looking to move in early 2018 and are possibly in talks with the Capitol Tower folks. Fingers crossed. -
Marriott Marquis: New GRB Convention Center Hotel And Retail
houstonfella replied to Subdude's topic in Downtown
Yeah, I was a little amused at the upscale shopping in downtown.- 2095 replies
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Philly is, well ...http://philly.barstoolsports.com/random-thoughts/philadelphia-named-the-1-most-toxic-city-in-the-country/
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Market Square Tower: 40-Story High-Rise For Downtown
houstonfella replied to Urbannizer's topic in Downtown
If you lived here in 1972, you would be thrilled with the development over the past 20 years. Nuff said.- 1884 replies
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Bank Of America Tower: Office Building For Downtown
houstonfella replied to barracuda's topic in Going Up!
The Chronicle reports this afternoon that this one will be imploded in the fall. -
GreenStreet And The Laura Hotel, Autograph Collection
houstonfella replied to Bob Plumb's topic in Downtown
Hotel Alessandra Houston is going to be drop-dead gorgeous. Check out today's Chronicle for the rendering. Haven't seen it yet in the online edition.- 1693 replies
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Chevron Tower For Downtown: 58-Stories At 1600 Louisiana St.
houstonfella replied to tangledwoods's topic in Going Up!
On the flip side, at least it is still planned, just at a later date.