Jump to content
Sign in to follow this  
bachanon

The Woodlands Towers at The Waterway (formerly Anadarko Towers)

Recommended Posts

Got to chatting with a lady tonight at the bowling alley who works for Anadarko. We were chatting about the new tower and what not and how the Anadarko corp. just dominates the Woodlands skyline. She mentioned that the talk of a 3rd highrise across from Lake Robbins is in serious discussion. She didn't have specifics but she said to be looking for it in the next few years. Interesting eh?

So the third tower would go up right across the water from the new tower ?

Share this post


Link to post
Share on other sites

According to her, it would be in close prox. to the midrise office across from Lake Robbins---which Anadarko also owns.

Share this post


Link to post
Share on other sites

I've heard the same thing, a third tower for Anadarko at Woodloch Forest and Timberloch, but didn't know if it was public info. Two unrelated sources is good news.

Share this post


Link to post
Share on other sites

Headed to Arkansas this morning and passed by this guy. Looks pretty good in person. Also, they are really cranking away on the SWN buildingyzedyjyh.jpg

  • Like 4

Share this post


Link to post
Share on other sites

I apologize... I am new to Houston... where is this tower located?

 

Maybe if you look through this thread, instead of trolling, you would find the answer.

Edited by invisibletrees
  • Like 2

Share this post


Link to post
Share on other sites

Occidental's Woodlands, Energy Corridor campuses sold in $565M deal

https://www.bizjournals.com/houston/news/2019/12/30/occidentals-woodlands-energy-corridor-campuses.html?iana=hpmvp_hstn_news_headline

 

Quote

 

The Howard Hughes Corp. (NYSE: HHC) announced Dec. 30 that it will be closing out 2019 with one of the largest office deals of the year.

 

The company has agreed to pay $565 million to acquire two office towers in The Woodlands totaling 1.4 million square feet of Class A office space as well as a 17-building campus in the Energy Corridor from Houston-based Occidental Petroleum Corp. (NYSE: OXY). The 63-acre campus in the Energy Corridor, which formerly housed the corporate headquarters of ConocoPhillips, comes with 1.3 million square feet of Class A office space, none of which is currently leased.

 

The deal also includes a 125,000-square-foot warehouse and 9.3 acres of developable land in The Woodlands Town Center that fronts Interstate 45 North.

 

The two office towers are known for being Anadarko Petroleum Corp.’s twin-building headquarters in The Woodlands. The tower located at 1201 Lake Robbins Drive was previously called Anadarko Allison Tower, while the tower at 9950 Woodloch Forest Drive was called Anadarko Hackett Tower.

 

But after Anadarko was acquired by Occidental in August, the towers dropped the former company’s name from their moniker.

 

Howard Hughes said Occidental will maintain its presence in the buildings, which are now known as The Woodlands Towers at The Waterway. Occidental has agreed to lease back 100 percent of the larger, 808,000-square-foot tower at 1201 Lake Robbins Drive and the nearby warehouse for 13 years.

 

For Howard Hughes Corp., the deal effectively increases the company’s office portfolio in The Woodlands by 50 percent. The company recently doubled down on the master-planned community it developed by announcing it was moving its corporate headquarters to The Woodlands from Dallas as part of a shareholder-driven restructuring.

 

 

  • Like 6

Share this post


Link to post
Share on other sites
On 12/31/2019 at 9:13 PM, ekdrm2d1 said:

 

I'm glad this ended well for The Woodlands and that whole area. Probably the best outcome possible getting a whole new HQ for a big time company for that area. I personally have nothing but distain for Oxy who pretty much just bought Anadarko just so they could sell it off for scraps.

  • Like 1
  • Confused 1

Share this post


Link to post
Share on other sites
On 1/3/2020 at 11:26 AM, Luminare said:

 

I'm glad this ended well for The Woodlands and that whole area. Probably the best outcome possible getting a whole new HQ for a big time company for that area. I personally have nothing but distain for Oxy who pretty much just bought Anadarko just so they could sell it off for scraps.

 

I don't think The Woodlands is getting the HQ.  Pretty sure HQ is staying in Greenway Plaza.

 

And not only did Oxy not buy Anadarko just so they could sell it off for scraps; they are not doing so.

Share this post


Link to post
Share on other sites
1 hour ago, Houston19514 said:

 

I don't think The Woodlands is getting the HQ.  Pretty sure HQ is staying in Greenway Plaza.

 

And not only did Oxy not buy Anadarko just so they could sell it off for scraps; they are not doing so.

 

I'm confused. Are you saying they aren't selling off scraps for Anadarko? Because that is basically what they are doing. I know someone who works at the now former Anadarko, and that is all that has been happening of late. Either laying people off or selling off assets. They literally just bought Anadarko for their properties in the Permian Basin and that is it. Pretty much everything else is on the chopping block or is being reevaluated to what will be a profit motive for the company. Oxy also has a reputation of doing this, and its why many didn't want Oxy to be the suitor.

Share this post


Link to post
Share on other sites
Posted (edited)
40 minutes ago, Luminare said:

 

I'm confused. Are you saying they aren't selling off scraps for Anadarko? Because that is basically what they are doing. I know someone who works at the now former Anadarko, and that is all that has been happening of late. Either laying people off or selling off assets. They literally just bought Anadarko for their properties in the Permian Basin and that is it. Pretty much everything else is on the chopping block or is being reevaluated to what will be a profit motive for the company. Oxy also has a reputation of doing this, and its why many didn't want Oxy to be the suitor.

 

Yes, they have sold some assets.  Of course they have.  But to say they bought Anadarko "just so they could sell it off for scraps" is hyperbole. By your own account they are not  selling it all off (for scraps or otherwise).

 

To the extent they have sold (or are going to sell) some assets, so what?  Why is that a bad thing?  (FWIW, Chevron probably would have sold off some Anadarko assets too. It's rare to find a major acquisition that doesn't lead to some follow-up asset sales.)

Edited by Houston19514

Share this post


Link to post
Share on other sites
Posted (edited)
51 minutes ago, Houston19514 said:

 

Yes, they have sold some assets.  Of course they have.  But to say they bought Anadarko "just so they could sell it off for scraps" is hyperbole. By your own account they are not  selling it all off (for scraps or otherwise).

 

To the extent they have sold (or are going to sell) some assets, so what?  Why is that a bad thing?  (FWIW, Chevron probably would have sold off some Anadarko assets too. It's rare to find a major acquisition that doesn't lead to some follow-up asset sales.)

 

Its not hyperbolic when its fact, and I never said that Chevron wouldn't have done the same thing. However, when looking at the facts and intentions of both suitors they had very different set of priorities. In fact there was a lot of indications that Chevron, with its greater reach, would have been able to utilize, properly, more of Anadarko's assets than Oxy would. Oxy only wanted the Permian Basin, and that was it. From what I understand Chevron already has assets in Permian, but simply wanted to beef up its market share in the region, and instead valued Anadarko's various other assets in Colorado, Texas, the Midwest, and overseas. They clearly had a better infrastructure to house all of these things where as Oxy didn't. The only reason why Anadarko took the Oxy deal at the 11th hour was because the board each got a substantial amount of money more than they would have gotten with Chevron. I'm not even saying that is wrong. If put in that situation as an investor that is on the board I might have made the same decision, who knows. These are the facts though which doesn't make it hyperbolic. Being hyperbolic would be to say that Oxy is like the devil reincarnate, and of course they aren't, but they do have a reputation in the industry for gobbling up competition and then selling them off for parts. Chevron has done the same thing in the past as well, and they certainly aren't saints, but has a better history in incorporating the parts they acquire into the greater whole. Oxy tends to have more short-sighted decision making while Chevron tends to be to be more medium to long term. I'm sure Oxy is a fine company with people that like working there, but they can be a bit cut throat in mergers and acquisitions. Don't put words into my mouth that I didn't say. If you want something to be clarified then just ask. I also don't have affiliation with either company and quite frankly I don't care, but I do know someone who does have good details about the current situation, and unfortunately the deal didn't pane out for many people. While I'm not someone who lives in The Woodlands, or thinks its the best area of town, I was becoming a great little urban core that was fleshing itself out and Anadarko was a big part of the engine that was making it go. Hopefully the area diversifies more, and hopefully they land another HQ because the area has a lot of potential, but it definitely wasn't going to be with Oxy whom made those intentions clear from the beginning.

Edited by Luminare

Share this post


Link to post
Share on other sites
Posted (edited)
47 minutes ago, Luminare said:

 

Its not hyperbolic when its fact, and I never said that Chevron wouldn't have done the same thing. However, when looking at the facts and intentions of both suitors they had very different set of priorities. In fact there was a lot of indications that Chevron, with its greater reach, would have been able to utilize, properly, more of Anadarko's assets than Oxy would. Oxy only wanted the Permian Basin, and that was it. From what I understand Chevron already has assets in Permian, but simply wanted to beef up its market share in the region, and instead valued Anadarko's various other assets in Colorado, Texas, the Midwest, and overseas. They clearly had a better infrastructure to house all of these things where as Oxy didn't. The only reason why Anadarko took the Oxy deal at the 11th hour was because the board each got a substantial amount of money more than they would have gotten with Chevron. I'm not even saying that is wrong. If put in that situation as an investor that is on the board I might have made the same decision, who knows. These are the facts though which doesn't make it hyperbolic. Being hyperbolic would be to say that Oxy is like the devil reincarnate, and of course they aren't, but they do have a reputation in the industry for gobbling up competition and then selling them off for parts. Chevron has done the same thing in the past as well, and they certainly aren't saints, but has a better history in incorporating the parts they acquire into the greater whole. Oxy tends to have more short-sighted decision making while Chevron tends to be to be more medium to long term. I'm sure Oxy is a fine company with people that like working there, but they can be a bit cut throat in mergers and acquisitions. Don't put words into my mouth that I didn't say. If you want something to be clarified then just ask. I also don't have affiliation with either company and quite frankly I don't care, but I do know someone who does have good details about the current situation, and unfortunately the deal didn't pane out for many people. While I'm not someone who lives in The Woodlands, or thinks its the best area of town, I was becoming a great little urban core that was fleshing itself out and Anadarko was a big part of the engine that was making it go. Hopefully the area diversifies more, and hopefully they land another HQ because the area has a lot of potential, but it definitely wasn't going to be with Oxy whom made those intentions clear from the beginning.

 

Yeah.  I didn't put words in your mouth.  Not even close.  It is hyperbole, and NOT factual, to say (as you did) that Oxy "pretty much just bought Anadarko just so they could sell it off for scraps". 
 

I'm trying to make sense of your recent statement that you are not even saying that what Oxy did was wrong, in light of your earlier declaration to have nothing but disdain for Oxy because of what they did.  Perhaps a little hyperbole in that initial post?  😉

Edited by Houston19514

Share this post


Link to post
Share on other sites
5 minutes ago, Urbannizer said:

@ekdrm2d1 Moved posts to this thread as there's no update on Anadarko Tower III

honestly. Shouldn't this be moved to Points North since its not an active project anymore?

Share this post


Link to post
Share on other sites
3 minutes ago, Luminare said:

honestly. Shouldn't this be moved to Points North since its not an active project anymore?

 

Done

  • Thanks 1

Share this post


Link to post
Share on other sites
22 minutes ago, Houston19514 said:

 

Yeah.  I didn't put words in your mouth.  Not even close.  It is hyperbole, and NOT factual, to say (as you did) that Oxy "pretty much just bought Anadarko just so they could sell it off for scraps". 

 

I don't think you understand what the word Hyperbole even means. Its not exaggeration or for "effect" when it is literally true. Not to mention to just casting off something as "hyperbole" isn't an argument.

Its been well documented that Oxy not only was late to the Permian Basin and shale as a whole, but also had a terrible strategy in doing so, and to make up for this blunder, among other failures in strategy, they decided to go straight to the source instead of establishing their own operations. However, to make matters worse, or just for s.h.i.t.s and giggles, they also didn't have the capital to make the acquisition in the first place, so on top of terrible initial strategy they also decided to go into debt to get back into the game. To pay off all the debt from the merger they are literally selling off Anadarko for scraps to pay off their investors and the only parts they are keeping are ones which they won't be able to flip automatically. They don't have offshore experience, so they are scraping those parts to everyone else. They don't have experience in Africa, so they are scraping that to Total. If it weren't for the recent regulations in Colorado which chilled the Oil market their then they would certainly sell off that part as well. Midstream is going away also. Basically, the only thing that will be left from Anadarko, which they wanted in the first place, is Permian. So its not hyperbole when it is factually and literally true. Just because you chose not to look into it yourself or just want to be ignorant of what is actually happening doesn't mean that it is, and just because they didn't literally say "sell it off for scraps" doesn't mean that it isn't happening or it isn't true when all evidence is to the contrary. If you want I can we can go through list of links, and sources that will backup my position, but you don't want to do that. You just want it to be a hyperbole. It isn't. Its factually true. You might not like the way in which I described it, but I don't care if it ruffles your feathers or tickles your sensibilities. It is what it is. In fact it makes me question your relation in all of this. My question would be, why is it hyperbole? Are they not sell it off for scraps? Once again lets leave it aside whether it was good or not, and only look at the naked facts. The naked facts are...they are selling Anadarko for scraps.

Share this post


Link to post
Share on other sites
5 hours ago, Houston19514 said:

 

I don't think The Woodlands is getting the HQ.  Pretty sure HQ is staying in Greenway Plaza.

 

And not only did Oxy not buy Anadarko just so they could sell it off for scraps; they are not doing so.

The Howard Hughes Company is moving their HQ from Dallas to one of the Anadarko buildings.

Share this post


Link to post
Share on other sites
Posted (edited)
2 hours ago, Luminare said:

 

I don't think you understand what the word Hyperbole even means. Its not exaggeration or for "effect" when it is literally true. Not to mention to just casting off something as "hyperbole" isn't an argument.

Its been well documented that Oxy not only was late to the Permian Basin and shale as a whole, but also had a terrible strategy in doing so, and to make up for this blunder, among other failures in strategy, they decided to go straight to the source instead of establishing their own operations. However, to make matters worse, or just for s.h.i.t.s and giggles, they also didn't have the capital to make the acquisition in the first place, so on top of terrible initial strategy they also decided to go into debt to get back into the game. To pay off all the debt from the merger they are literally selling off Anadarko for scraps to pay off their investors and the only parts they are keeping are ones which they won't be able to flip automatically. They don't have offshore experience, so they are scraping those parts to everyone else. They don't have experience in Africa, so they are scraping that to Total. If it weren't for the recent regulations in Colorado which chilled the Oil market their then they would certainly sell off that part as well. Midstream is going away also. Basically, the only thing that will be left from Anadarko, which they wanted in the first place, is Permian. So its not hyperbole when it is factually and literally true. Just because you chose not to look into it yourself or just want to be ignorant of what is actually happening doesn't mean that it is, and just because they didn't literally say "sell it off for scraps" doesn't mean that it isn't happening or it isn't true when all evidence is to the contrary. If you want I can we can go through list of links, and sources that will backup my position, but you don't want to do that. You just want it to be a hyperbole. It isn't. Its factually true. You might not like the way in which I described it, but I don't care if it ruffles your feathers or tickles your sensibilities. It is what it is. In fact it makes me question your relation in all of this. My question would be, why is it hyperbole? Are they not sell it off for scraps? Once again lets leave it aside whether it was good or not, and only look at the naked facts. The naked facts are...they are selling Anadarko for scraps.

 

No.  They are not selling it off, for scraps or otherwise.  Yes, they are selling some assets (as almost always happens after a large acquisition).  You can tell us the whole history of the oil patch and it doesn't make your claim true.  There is no truth to the claim that Oxy bought Anadarko for the purpose of selling it off for scraps.   That is an exaggeration, hyperbole, if you will.  

 

3 minutes ago, Ross said:

The Howard Hughes Company is moving their HQ from Dallas to one of the Anadarko buildings.

 

Yes, but that had nothing to do with the Anadarko transaction.

Edited by Houston19514

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...