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houston-development

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Everything posted by houston-development

  1. houston-development
    are you sure thats the right site? VIBRATION CONTROL | NOISE REDUCTION | SOUND MASKING | HELP INSOMNIA | ACOUSTICAL CONSULTANTS
  2. houston-development
    theniche speaks the truth, for better or for worse
  3. houston-development
    farb is at least 12 months away from ground breaking
  4. houston-development
    hardy site is now up for sale link
  5. houston-development
    if its on a really small site, it could be for scott morgan who does townhomes. if its at least 2.5 acres, expect apartments to go up. on the positive side, they build luxury apartments that demand high rents.
  6. houston-development
    no, the deal pachanga is talking about is further south from san felipe. gables recently purchased a +/- 5 a track from a larger site and will build an apartment complex. its between an animal clinic and a house on voss. the deal that hizzy is speaking of is Gables 6464
  7. houston-development
    until i see "her" goods, candice is still a dude in my opinion. in regards to crystal, i think she is indeed a she but would like to see proof just in case
  8. houston-development
    i hereby nominate plastic as the greatest poster evr!!one!
  9. houston-development
    hmmm, very interesting. i dont want to take a chance of linking a "naughty" (could be considered not safe for work) site but if you take the establishment's name with www at the beginning and .com at the end...
  10. houston-development
    huh?!? all morgan does is build and sell - they are merchant builders (i.e. they build with 100% intention to sell). 3000 sage? gone. memorial heights? gone. pin oak? gone. the ONLY reason they havent sold smith st. is because of the garage lease with specs. while it is extremely successful compared to their original underwriting, it is almost impossible to underwrite based on their ask, the ground lease, and size of the deal (only 152-units). no one knows where interest rates are going to be in 3 - 5 years, im just saying condos are extremly intrest rate sensitive. historically when interest rates go up and the residential market becomes flat or depressed, the first thing to crash are condos. most condo buyers are doing 5 year arms and are banking on appreciation.... but as you said, thats a completely different subject and this post has gone far enough ot
  11. houston-development
    real estate is a constant, never ending cycle. historically, when interest rates go up and the housing market becomes flat or becomes depressed, the first thing to get hit are condos. i cannot predict the future but those who forget the past are doomed to repeat it in the future.
  12. houston-development
    looks like it may get pushed back to the original groundbreaking timeline of october; however, they are busting their tails to get it done sooner. once they break ground on the park, finger will start construction. based upon my sources, both will, without a doubt in my mind, happen.
  13. houston-development
    uh, you know morgan is a merchant builder and has never sold a houston deal to a converter, right? also, you will not see apartments being converted into condos in 3 - 5 years. those days are behind us.
  14. houston-development
  15. houston-development
    yeah, so, you got a problem with that? fyi - tcr is building upscale apartments on the nw corner of murworth and main; where the old surrey house and grants palm court inn use to be. they paid about $35 psf and will get +/- $1.45 psf in rent.
  16. houston-development
    this reminds me of a story back in early 2001. a banker friend was having his refrigerator repaired and was watching cnbc. the repairman, with pants half way down his butt, walked in and asked how the market was doing. my friend, in total disbelief, turned around and asked if he was actively in the market. the repair man said, "well every stock goes up, everyone is making money, and no one really knows anything. its just up, up, up. why wouldnt i just put everything i have into it and enjoy the ride like everyone else?" at that moment, my friend knew a crash was inevitable. with plastics post, another crash is inevitable.
  17. houston-development
    development fees are a good thing
  18. houston-development
    you are correct. the two parties couldnt reach a deal so they are going to be seperate developments
  19. houston-development
    i think this is the same deal as discussed in the hbj article from may 19th linky
  20. houston-development
    :in best keanu reeves voice: whoa a major road block will be the nimby'ers, who are extremely strong in that area. while i know its a different animal, they were successful in preventing wood from developing a highrise. all the developer needs to do is piss off just one resident and everyone will pile on.
  21. houston-development
    wow, how random is that. hey scott, if you dont mind, could you please tell us how many years you have left on your lease and if there is a clause for a buy out? also, went to your sports bar on foutain view. i must say you did nice rehab from outback. i have fond memories from the big-assed-beer wednesday nights
  22. houston-development
    which is exactly the way it should be
  23. houston-development
    if life were so easy, you would be absolutely correct. so say it pays off 30 years down the road. how is the current owner going to justify that on a sale and recoop that investment only 2 or 3 years down the road? how is he going to convince a lender, under the same premise, to loan him the money today? in theory and on paper are two completely different things
  24. houston-development
    let me start by saying retail is not my specialty, so im sorta talking out of my rear. the village can get away with it because of their boutiqe-like setting. also, i think it's only $1. parking garage construction prices have blown through the roof since then. today, i bet it would cost $5 - $10 no one in houston is going to pay that much, unless it comes with a valet stand. in regards to passing it off to the tenant, again, i dont see how economically feasibile it would be. however, this would be better answered by someone other than me
  25. houston-development
    the cost difference between surface parking and a parking garage is astronomical. to build a garage, you are looking at +/- $10,000 a spot
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