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Houston19514

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  1. Houston19514
    Food for thought: Just because the Chronicle did not report any details does not mean none exist. In fact, there are better reports in Ohio, Dallas and Atlanta media than in the Chron (still short on detail, but a little more of a report than the Chron managed to crank out). I suspect the report that was just delivered late this afternoon has a little more detail than has been shared with us thus far.
  2. Houston19514
    Cool. Also, I walked by the former Cabo's a couple days ago. It appears work is being done inside to prepare for a new occupant. Anyone know anything?
  3. Houston19514
    Populous is an architecture firm. CSL is an "advisory and planning firm specializing in providing consulting services to the convention, sport, entertainment and visitor industries. CSL was established for the specific purpose of providing a source of focused research and expertise in these industries. Services include new/expanded event facility feasibility studies, organizational reviews/performance enhancement studies, destination master planning, industry benchmarking, negotiation assistance and related services."
  4. Houston19514
    Actually, after looking over their website, it looks like it means they have the partner equity already, but are looking for the debt financing.
  5. Houston19514
    Swtsig, if I may ask again.... Why do you say the Chevron lease at 1600 Smith is not a true expansion?
  6. Houston19514
    Today's announcement is great news. Even better was the fact that at least 7, and possibly 9 council members were at the announcement press conference. (I think 8 were willing to join the Mayor at the podium at the end of the press conference.) Looks very good for approval of this deal at next week's council meeting.
  7. Houston19514

    IAH Vs. DFW

    Houston19514 replied to wxman's topic in Planes

    Correct. DFW is substantially larger than IAH domestically. IAH is substantialy larger internationally. Annual International passenger traffic: DFW: approx. 5 Million IAH: approx. 8.5 Million Annual total passenger traffic: DFW: approx. 58 Million IAH: approx. 40 Million Interestingly, around 20 years ago, DFW had 3 times as many total passengers as IAH. Now, as you can see above, DFW has 45% more total passengers. (IAH has 70% more interntational traffic than DFW)
  8. Houston19514
    Hold your horses. Those were the options presented in 2010. We do not know yet what options will come out of today's meeting.
  9. Houston19514
    That, and the fools continue to make their own neighborhood less and less desirable. As I've said before, their ugly huge yellow signs and now their childish behavior are going to do more damage to their property values than the apartment tower.
  10. Houston19514
    Agreed. Hopefully the setback is to make room for outdoor dining areas? Maybe? I hope there is a good reason for it.
  11. Houston19514
    From a November 2011 Chron blog: The parking project will be completed in two phases. Phase one includes the construction of a four to six-story parking structure near the Almeda gate that will house 200 cars. This garage is scheduled to be completed in December 2012. Phase two is an expansion to phase one with an additional 400 spaces and is expected to be completed by September 2013. Future plans include the construction of a second parking garage near the Old Spanish Trail entrance to house 600 cars. It is scheduled to begin construction in 2017. Some parking spaces will be displaced while construction takes place; however, steps have been taken to mitigate this situation.
  12. Houston19514
    The space available in Pennzoil is not new space coming available - already included in the limited large blocks reported by Jones Lang LaSalle. How is Chevron's lease not a true expansion? The old Hess space also was already included in the limited large blocks of space reported. That it is already 1/2 filled is really great news! United's space (at least a big chunk of it) is already on the market and included in the reports. I think Shell's sublease space has probably already been included in the real estate reports. The Kinder Morgan space is one new block that will be coming up. As is the apparent excess space in the Kinder Morgan Building. Space in BG Group Place, of course is not something new and is already counted in the various real estate market reports. So since the reports of very tight supplies of large blocks of space, we have apparently added only the Kinder Morgan/El Paso space that will be coming to market some time in the next year or so. Against that, two medium-large blocks of space have been leased and taken off the market.
  13. Houston19514
    Jones Lang LaSalle reports that as of the end of the 1st quarter, 2012, there were only 3 blocks of space larger than 200,000 square feet available in downtown Houston, and only 7 blocks of space in the 100,000-200,000 square foot range. That is very little in a market the size of downtown Houston. Further, as Kinkaid reported above, since that time we know of two blocks of space larger than 100,000 square feet that have been leased. So, at best (or worst, depending if you are a tenant or a landlord), we now have 3 blocks of space larger than 200,000 square feet and 5 in the 100,000-200,000 square foot range.
  14. Houston19514
    A good post dated March 21, 2012 from another thread: The Hess Tower is 100% leased. So is the Chevron complex. The following buildings have less than 10% vacancy; Continental Center II, JP Morgan Chase Tower, Wells Fargo Plaza, One Houston Center, First City Tower, Houston Data Center, 1100 Louisiana, Devon Energy Tower, Two Shell Plaza, Pennzoil Place South, One Shell Plaza, RRi Energy Tower, Cullen Center, and Amegy Bank Tower. The only class A properties in downtown with more than 20% vacancy are the Pennzoil North Tower, Continental Center I, One Allen Center, BG Group Place, and Wedge International Tower. Space is tight. If you're looking for a "block" of 350,000 square feet plus in this market, you're pretty much out of luck unless you don't mind being split up.
  15. Houston19514
    You are correct about Cooper Industries being incorporated in Ireland and not being on the Fortune 500 list. But then you sort of went off the rails. The company being purchased by Eaton is Cooper Industries, which consists of a lot more than just Cooper Tools (which itself is no longer Cooper Tools, see below) Cooper Industries is headquartered in Houston. They actually moved here from Ohio in 1967 (Cleveland I think, ironically enough). What was once Cooper Tools is now part of Apex Tool Group, a joint venture between Cooper Industries and Danaher Corporation. Apex Tool Group is headquartered in Maryland. Cooper-Cameron was once a division of Cooper Industries but was spun off as a separate publicly traded corporation in 1995. Its name was changed to Cameron International in 2006. FWIW, Cameron International, also headquartered in Houston, is on the Fortune 500.
  16. Houston19514
    There are not very many major blocks of space available downtown. That is exactly why a lot of observers expect new construction. What major blocks are coming available in the near future?
  17. Houston19514
    Exactly. This is an example of people who have gotten theirs trying to pull up the drawbridge behind them.
  18. Houston19514
    It's rather obvious I am suggesting no such thing. In your 20-50 year time-span we are expecting anywhere from 2.6 Million to 7.5 Million + additional residents. Nothing I said suggested I expected all of them to move to the northwest side of town. Assuming 4 people per household, that will require anywhere from 650,000 to 1.875 Million additional residences. Nothing I said suggested I expected all of them to be built on the northwest side of town. We will need all of the available space inside of Highway 6/1960 PLUS space made accessible by such transit infrastructure as the Grand Parkway to have room for all of those new residences. (PLUS, I should add, additional space made available by increasing the density of areas inside the loop and inside the beltway, serving both with better mass transit infrastructure.) Not sure what your point is about the area around Lake Houston. I am quite familiar with that area. Trust me, there is nothing over there that will shock me, either absolutely, completely, or partially.
  19. Houston19514
    Still 47% prefer single family homes with a big yard... And as Pleak mentioned, the survey respondents don't take into account the price difference. A lot of people prefer the "idea" of urban living in a smaller or attached home walkable to many things. But when they come to the Heights, etc.... they get sticker shock and driving everywhere looks pretty good. But even if we assume that means only 47% will actually live in single family/big yard/drive everywhere situations, that means 60-115,000 NEW residents every year wanting such housing. Even assuming 4 residents per household (which I think is a bit high), that would be 15-29,000 ADDITIONAL single family/large lot residences every year.
  20. Houston19514
    Not difficult to comprehend at all. But apparently difficult to finance. That was, after all, one of the first failed proposals.
  21. Houston19514
    The working assumption is that people will continue to choose to live in single family homes with significant lots, as they have been doing for 50+ years. The further working assumption (really more like a working fact) is that with a population growing by 130-150,000 per year, there is not enough land within highway 6/1960 to accommodate that growth over the next 20-50 years.
  22. Houston19514
    I guess one sees what one wants to see.. And no more. What is Fisher Estates? What is Katy Prairie Estates? What is Hidden Forest Estates? What is Griffin Estates? What is North Katy Terrace? Further, take a look to the eastern side of the screen shot, where it shows areas almost completely developed. The area that will be served by the Grand Parkway is clearly in demand for development and the development has in fact already started.
  23. Houston19514
    It is simply false to say there is no one there. Take a look at Google maps, people.
  24. Houston19514
    It will stop when we stop adding 130-150,000 people to the metro area every year.
  25. Houston19514
    ?? The bee infestation was at the 22-story Whiteco development. The development is NOT named Courtyard on Richmond.
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