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JWW

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Everything posted by JWW

  1. JWW
    Is there an opening event this week?
  2. JWW
    I'd really like to know this, as well.
  3. JWW
    I would bet, as well, that Hess received discounted rent for becoming a single tenant. I agree that the terms of that lease, if the discount went down as we both believe, would make this project incomparable; I am just wondering about other class A rent per foot VERY nearby the discovery green after this deal was signed. You are right about little impact on absorption in the central business district (I think Hess moved from 5 Allen? And added between 100,000 and 200,000 sq ft to their offices with this deal?), so I guess I would be referring to comps solely in eastern downtown. I'd love to find examples outside of sports arenas ("stadia") where non-tenants buy name rights - I will post this on the Development and Real Estate Thread. I am sure, as I bet you are, as well, that companies would definitely do it if the price were "right"..but, as with most things, it's just finding that right price. Google would definitely love to slap their name on Williams Tower for $1mm, etc.
  4. JWW
    Very much with you regarding similarities to several W properties...
  5. JWW
    I guess the free rent deal was not big enough of a deal to Mandola to go after Interfin..... Sucks sucks sucks about recourse....I just figured w 40 percent equity down, the deals would just be collateralized with the land and improved structure under construction and no personal liability on top....talk about a deal killer. Again, maybe a very obvious question, but you don't see value at that site at 50 a ft or something near that? Are you saying you don't forsee people seeing value in that site or just many sites with current market conditions?
  6. JWW
    Thank you, Lockmat... As far as I have read, 'Hess Tower' will be the official name of the building. I'd really like to have a discussion on the Development and Real Estate thread about this to get other HAIF readers into that conversation - I'm interested to learn specifics and common prices on naming rights. I would assume someone/some entity could have a building named after him/it just by paying a fee (not sure what the title is for "naming fee") and not even be a tenant of the building....probably unlikely but I would think there is a certain price that a party pays to advertise whatever name they choose. Anyone remember the price/deal AIG paid for the name/signage rights on the high rise on Allen Parkway?
  7. JWW
    Thanks for the effort of estimating a "fair price." Also, are you talking about a "strong buyer" wanting to develop a vertical project here, that the bank values the deal at 25% less than pro forma estimated value of the developed project? 40% SUCKS but I am surprised the development loan would be a recourse loan.... Does Borlenghi want to get rid of the land (anyone know?) or hold out?
  8. JWW
    Correct my slow understanding of your story, but are you stating that Interfin broke a contract offering free rent for the restaurant?
  9. JWW
    So, does anyone who is not an invalid know why this thread is not named 'Hess Tower' currently? Same simple question... Also, on the commercial real estate leasing side, how much effect on this project's comps was made due to the single-tenant leasing deal to Hess here? Did prices rise much (any)??
  10. JWW
    Geoff, "attacking him for his opinion, and misunderstanding your question" is "wrong on so many levels" ??? Do I even respond to that? I do.not.care.what.anyone.thinks.it.should.be. Hess will not be owning the building, either, so that comment of yours made no sense. "I'm sure if they were they would certainly remind you not to call your fellow..." - Thank you for projecting an opinion for a moderator, but, again, I could not care less what you think. In case you need it explained to you, I did not call a "fellow Haif'er" an ingnoramus due to his opinion ; I called him an ignoramus because he is not answering the question and is repeating the hackneyed waste of time of throwing out an opinion of the name of a project when that had nothing to do with my question. Stop wasting people's time by giving an extraneous answer that does not answer the question. That's the moral of this story.
  11. JWW
    Ignoramus, I asked why the thread had not been renamed Hess Tower yet as Hess negotiated THAT NAME. NO ONE CARES what you think it should be, got it? 'Save the day' and go beg Hess and T.Crow to reconsider/renegotiate on your own time since you are such a savvy marketer. Until then, does anyone with a brain know why this thread has not been renamed that. Even if the name could be "1000 times better" being something else.
  12. JWW
    May have missed a previous conversation about this, but why has this thread not been renamed "Hess Tower" ?
  13. JWW
    Pretty naive question here - What are your thoughts on adding large (multiple story) signs/advertisements on the corner of the facades of developments such as BLVD Place? I can't post this on Development and Real Estate as the moderators are insisting on removing that from "Going Up", so I'll just post it on this project's thread.... I am referring to advertisements in Hollywood, CA and along Sunset Blvd., etc.... just to add to a more cosmopolitan feel and more retail oriented.... a large Ralph Lauren ad or Mikimoto or things like that...just wondering how that would impact and possibly 'spice up' Post Oak. More importantly, is anyone aware of local restrictions precluding ads such as my previous example?
  14. JWW
    Any valuation out there what "fair" price would be right now?
  15. JWW
    Wrong, before March. Martinis are $1 ????????
  16. JWW
    Can anyone find out the story? I am a little panicked.
  17. JWW
    I posted this question before on the Development and Real Estate thread, but apparently the moderators have decided to remove that thread from "Going Up" as ridiculous as that is.... so I'll ask it only to people who happen to read this thread - Does anyone have suggestions or answers why glass curtain facades are hung at different times in different construction sites? Sometimes after a building is topped off, sometimes when the building is only half its final height, etc. In fact, please let that question apply to any facade, not just glass.
  18. JWW
    Old news, it's been that way. For lunch as well as the drinks. I believe all are over 1k but there are other ways to go to the bar or for dinner without a membership.
  19. JWW
    Jax, I'd like to know the same thing, so hopefully we can get an answer from someone in the field on this. I would presume this would be used a few months before construction starts, but who knows. Is there anyone who has knowledge/experience with mid/high rise development that can give an overview of the soil-testing process??
  20. JWW
    Question about Phase I and Phase II - what other stakeholders TYPICALLY or ROUTINELY require the first or both in a development? (permitting, lending, etc. ) I will repost this in the Development and Real Estate thread if anyone can answer there
  21. JWW
    Sure it's not...but your hypothesis is not the most ridiculous thing I've ever heard....the project surprises me, at least Someone needs to get appointed to the Planning Commission....
  22. JWW
    Redstone is looking for mezzanine financing for residential?
  23. JWW
    Are they doing more than just parking demo right now?
  24. JWW
    It is great. What a homerun for TrammelCrow/CBRE, especially for recent and current development markets in Houston. Hope they take more risks asap. Wow. Any idea where in OKC? That's huge... Pretty interesting how construction can be altered still at this point of progress. Too bad for architectural reasons but well worth it to entice other completely spec buildings to be built (would presume this development was completely spec) at the current time. Write to Hess for a name change - a change you can believe in .
  25. JWW
    Would presume this has already been written about but cannot find any topic on this under 'Going Up' so... http://crosstorian.com/southpointe Thoughts?
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