jermh Posted October 15, 2020 Share Posted October 15, 2020 (edited) Fly through video rendering of the interior renovations. Edited October 15, 2020 by jermh 4 1 1 Quote Link to comment Share on other sites More sharing options...
hindesky Posted October 17, 2020 Share Posted October 17, 2020 Harvey is doing the remodel. More marble panels have come off and steel is going inside. 8 Quote Link to comment Share on other sites More sharing options...
hindesky Posted April 24, 2021 Share Posted April 24, 2021 8 Quote Link to comment Share on other sites More sharing options...
hindesky Posted May 9, 2021 Share Posted May 9, 2021 Framing and weatherproofing for the new windows. 4 Quote Link to comment Share on other sites More sharing options...
hindesky Posted May 14, 2021 Share Posted May 14, 2021 5 Quote Link to comment Share on other sites More sharing options...
hindesky Posted May 22, 2021 Share Posted May 22, 2021 Who knew that the G.E. Pension Trust and M.M Properties owns this? 6 Quote Link to comment Share on other sites More sharing options...
hindesky Posted June 7, 2021 Share Posted June 7, 2021 Windows have been installed. 7 Quote Link to comment Share on other sites More sharing options...
hindesky Posted June 12, 2021 Share Posted June 12, 2021 6 Quote Link to comment Share on other sites More sharing options...
Popular Post hindesky Posted September 5, 2021 Popular Post Share Posted September 5, 2021 11 Quote Link to comment Share on other sites More sharing options...
hindesky Posted September 24, 2021 Share Posted September 24, 2021 2 Quote Link to comment Share on other sites More sharing options...
hindesky Posted October 13, 2021 Share Posted October 13, 2021 5 Quote Link to comment Share on other sites More sharing options...
hindesky Posted October 31, 2021 Share Posted October 31, 2021 It looks so much better with these new windows. 7 Quote Link to comment Share on other sites More sharing options...
hindesky Posted July 23, 2022 Share Posted July 23, 2022 My favorite building in downtown. 8 Quote Link to comment Share on other sites More sharing options...
hindesky Posted May 9, 2023 Share Posted May 9, 2023 "The owner of TC Energy Center, a distinctive feature of Houston’s skyline, has stopped making payments on its loan, according to S&P Global which also cited two other Houston properties atop its list of largest national delinquent loans in March. M-M Properties as an outstanding balance of $133M on loans for TCEnergy Tower a 1.3M SF, 56-story office building at 700 Louisiana St., according to information from Trepp." https://www.bisnow.com/houston/news/office/one-of-houstons-most-recognizable-buildings-is-delinquent-on-its-loan-and-it-has-company-118862 4 Quote Link to comment Share on other sites More sharing options...
jhjones74 Posted May 10, 2023 Share Posted May 10, 2023 On 5/9/2023 at 11:43 AM, hindesky said: "The owner of TC Energy Center, a distinctive feature of Houston’s skyline, has stopped making payments on its loan, according to S&P Global which also cited two other Houston properties atop its list of largest national delinquent loans in March. M-M Properties as an outstanding balance of $133M on loans for TCEnergy Tower a 1.3M SF, 56-story office building at 700 Louisiana St., according to information from Trepp." https://www.bisnow.com/houston/news/office/one-of-houstons-most-recognizable-buildings-is-delinquent-on-its-loan-and-it-has-company-118862 How is it possible that Houston has some of the largest delinquent loans when back to office stats are in the top 3 for US cities? Is it just that the the vacancy rate was so high going into COVID that the back-to-office vs pre covid stat is distorted? Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted May 11, 2023 Share Posted May 11, 2023 (edited) 20 hours ago, jhjones74 said: How is it possible that Houston has some of the largest delinquent loans when back to office stats are in the top 3 for US cities? Is it just that the the vacancy rate was so high going into COVID that the back-to-office vs pre covid stat is distorted? I think it's just a timing thing. We just happened to have two large ones go delinquent during the month of March. Pretty much a non-story. Pretty sure Dallas, for example, has had more major office building delinquencies and foreclosures than we have in recent years. And of course there's something in the blood of Houston journalists (and Houstonians in general) that just loves to latch on to any negative stories about Houston. Edited May 11, 2023 by Houston19514 Quote Link to comment Share on other sites More sharing options...
editor Posted May 11, 2023 Share Posted May 11, 2023 3 hours ago, Houston19514 said: I think it's just a timing thing. We just happened to have two large ones go delinquent during the month of March. Pretty much a non-story. Pretty sure Dallas, for example, has had more major office building delinquencies and foreclosures than we have in recent years. And of course there's something in the blood of Houston journalists (and Houstonians in general) that just loves to latch on to any negative stories about Houston. Agreed. Chicago has a lot of similar situations. Houston seems to have held on longer than other cities, it's just catching up to some other places. 2 Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted October 27, 2023 Share Posted October 27, 2023 (edited) TC Energy Center at 700 Louisiana St is for sale again, according to marketing materials from JLL. More from a CoStar article yesterday (it's behind a hard paywall): A trophy high-rise office tower in downtown Houston is on the market and is being offered for $285 million, according to marketing materials recently published online by JLL. M-M Properties, a real estate company based in the Houston suburb of The Woodlands, Texas, is offering its 56-floor high-rise at 700 Louisiana St. in downtown Houston for nearly $223 per square foot, according JLL’s investment offering. TC Energy Center, as the building has been called since 2019, has been owned by M-M Properties since 2007. ...A JLL spokesperson declined to confirm when the building was put up for sale, although the timing of the listing likely coincides with the building's loan maturing last month. M-M Properties did not immediately respond to a request for comment, but TC Energy Center was one of two buildings used as collateral for a recently delinquent commercial mortgage-backed securities loan earlier this year. https://www.costar.com/article/1385982738/signature-downtown-houston-high-rise-is-up-for-sale Edited October 27, 2023 by IntheKnowHouston Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted October 27, 2023 Share Posted October 27, 2023 49 minutes ago, IntheKnowHouston said: TC Energy Center at 700 Louisiana St is for sale again, according to marketing materials from JLL. TC Energy Center at 700 Louisiana St is on the market. The Alley Theatre Center garage is also available for sale. Investment Highlights: Investment Highlights Building Revitalization Over $22M has been invested in an extensive, multiphase renovation program to completely transform and revitalize the building’s former banking hall, and Western Union Building. Industry Leading Sustainability TC Energy Center implements green building practices in a uniquely classic building. The building is LEED Gold certified, WELL Health Safety rated, and has high efficiency building systems in place. Diversified Rent Roll Tenants in TC Energy Center represent a favorable mix of industries with limited exposure to the energy industry at 38.8%. Outside of energy, the property is not heavily made up of any single industry, with the biggest representation from law firms and financial companies. Prime North Downtown Location TC Energy Center is optimally located in the heart of downtown Houston’s lively Theatre District. The building benefits from vibrant streetscapes and walkable amenities including restaurants, food halls, hotels, and entertainment venues. Versatile Floor Plates The tower boasts highly efficient rectangular floor plates and also offers more creative and unique spaces. TC Energy Center offers a wide array of office spaces able to suit a diverse range of tenant needs. https://invest.jll.com/us/en/listings/office/tc-energy-center https://res.cloudinary.com/jll-global-cmg/image/upload/v1663686308/IC/Img/Original/vxcwegonldxucqdqjm41.pdf 1 Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted October 27, 2023 Share Posted October 27, 2023 Below are photos included in the listing for TC Energy Center. The skyscraper is located in downtown Houston at 700 Louisiana St. 4 Quote Link to comment Share on other sites More sharing options...
hindesky Posted March 4 Share Posted March 4 The owner of one of Houston’s most recognizable skyscrapers has renogotiated a $252 million loan tied to the tower that had been on the verge of default. At a time of ongoing upheaval in the office market, the deal between M-M Properties and lender Starwood Property Trust offers a more certain future for the 56-story TC Energy Center at 700 Louisiana. https://www.houstonchronicle.com/business/real-estate/article/700-louisiana-houston-tower-loan-deal-18695667.php 2 Quote Link to comment Share on other sites More sharing options...
hindesky Posted March 7 Share Posted March 7 2 Quote Link to comment Share on other sites More sharing options...
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