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Howard Huge

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Posts posted by Howard Huge

  1. Did I miss something or did Camden change their minds and go with the whole project.

    I thought the last official word that I read on this site from Camden was that they were going to put a hold on the residential

    part of the project and just build out the garage and park for Superbowl and wait for some recovery before actually building the development. I thought this was going to be like Skanska Capital project downtown. Just get the garage built and sit on it.

    I remember reading the same thing Bob.
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  2. Does anybody else walk by one of the two groups of racists that like to gather (on the corner of Travis and Preston on Saturdays and Main and Texas on Sundays) that will openly yell racist comments at you? Those guys are real winners.

    The bouncers who got fired from The Gaslamp?

  3. In general the way buildings like this are appraised is the income approach which applies a cap rate to the net income to get an income value for the entire property. So if you know the value and the cap rate you can back out to what the yearly income probably is.

    For either the CBD or Uptown the cap rate is probably somewhere in the neighborhood of 7-8% for early 2015.

    For BBVA this is $100 million * 7%/8% = $7 to $8 million income per year

    For Bg Group Place is roughly $450 million * 7% = $31.5 to $36 million income per year

    Wow, thanks for the in depth breakdown.

    So just to clarify, that figure is net profit, before expenses, correct?

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