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Showing results for tags 'westlake park'.
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https://www.bisnow.com/houston/news/office/energy-corridor-office-high-rise-scheduled-to-be-sold-at-foreclosure-auction-120631 "Pacific Life Insurance is moving to foreclose on a $70M loan backed by Four Westlake Park, a 588K SF office building in Houston's Energy Corridor. The 20-story building is scheduled to be sold at auction Oct. 3, according to Harris County online foreclosure documents filed last week. The borrower that defaulted on the $70M loan is Four Westlake Owner, a limited liability company tied to Philadelphia-based Treeview Real Estate Advisors, the documents show. "
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Crescent Sells Houston Office Property Gain and Promoted Interest Realized FORT WORTH, Texas--(BUSINESS WIRE)--Dec. 12, 2006--Crescent Real Estate Equities Company (NYSE:CEI) announced today that it has sold Three Westlake Park, a 414,792 square-foot office property in Houston, TX, in which Crescent owned a 20% stake in a joint venture with a pension fund. The office property was sold for $87.3 million, or $210 per square foot. Crescent expects to recognize in net income a gain on the sale of approximately $17 million. Included in this gain is approximately $7 million, which is attributable to Crescent's promoted interest and will be recognized in funds from operations, as adjusted ("FFO, as adjusted") as of December 31, 2006.
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I grew up in Fleetwood and I have lots of friends whose parents still live in Fleetwood, Barkers Landing, Thornwood, and Memorial Thicket. They all feed in to Taylor High School these days. I love Fleetwood up against the Bayou. I love having an alley to play basketball with the kids, etc. I don't know about total appreciation, but my Dad's house has appreciated about $100-$125k in the last 5 or so years (about 35%). Barkers landing is nice in that it has 4 tennis courts and a pool. Thornwood has cheaper houses and a pool. Both Thornwood and Barkers Landing have the downside of people in the nearby office buildings can see into your backyard. I know because my mom worked in the tallest Westlake building. As for traffic - it is only bad going on East on memorial at the Eldridge light. For some reason they have screwed up the timing of that light lately and so it backs up where it can take up to 4 lights to get through at the worst times. This summer I got up every morning and took 6 to the Westpark Tollway and there was almost no traffic going that way. As for bus accidents on I-10, the busses don't take I-10. Even when they fed into Mayde Creek we Park Ten. Now I think they go west on westheimer because Taylor HS is south of I-10. Let me know if you have any other questions.
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