TheNiche Posted January 15, 2009 Share Posted January 15, 2009 So an owner of a condo could be forced to sell his unit without his consent? (e.g. - 98 percent of condo association says they will sell to a prospective buyer; the other 2 percent would be forced to sell, as well)The condo owner gave their willful consent when they agreed to abide by the Owners' Association bylaws. Quote Link to comment Share on other sites More sharing options...
JWW Posted January 16, 2009 Author Share Posted January 16, 2009 The condo owner gave their willful consent when they agreed to abide by the Owners' Association bylaws.Great, thanks a lot for clearing this up... Warwick Towers, here I come... (joking) Quote Link to comment Share on other sites More sharing options...
houston-development Posted January 16, 2009 Share Posted January 16, 2009 (edited) The Memorial Bend Condos that were recently condemned require 97% of the residents to be in favor before a sale can be approved.i read somewhere (swamplot?) that 10% are disputing the sale. if that is the case, it's gonna get u-g-l-y and the lawyers make a lot of money.edited because my grammar is terrible and i blame the liquid lunch... Edited January 16, 2009 by houston-development Quote Link to comment Share on other sites More sharing options...
lockmat Posted January 24, 2009 Share Posted January 24, 2009 Does anyone know if there's a resource that tells how much square feet of office space is in each city? Quote Link to comment Share on other sites More sharing options...
TheNiche Posted January 25, 2009 Share Posted January 25, 2009 Does anyone know if there's a resource that tells how much square feet of office space is in each city?Yep, Grubb & Ellis office or industrial market reports are available for most major U.S. cities. They're free and are available on their website. Quote Link to comment Share on other sites More sharing options...
lockmat Posted January 25, 2009 Share Posted January 25, 2009 Yep, Grubb & Ellis office or industrial market reports are available for most major U.S. cities. They're free and are available on their website.Thanks.Am I reading that correctly...? Houston has a total of 165,539,913 of office space and Phoenix only has 64,868,414?I asked a similar question in Phoenix sub-forum at city-data...How can a city the size of Phoenix have such little office space? Quote Link to comment Share on other sites More sharing options...
TheNiche Posted January 25, 2009 Share Posted January 25, 2009 Thanks.Am I reading that correctly...? Houston has a total of 165,539,913 of office space and Phoenix only has 64,868,414?I asked a similar question in Phoenix sub-forum at city-data...How can a city the size of Phoenix have such little office space?Phoenix isn't as large as Houston has a lower workforce participation rate, signaling its large retiree population. Also, it has a disproportionately large warehousing/distribution footprint, especially (not coincidentally) as compared to California cities. Quote Link to comment Share on other sites More sharing options...
lockmat Posted January 25, 2009 Share Posted January 25, 2009 Phoenix isn't as large as Houston has a lower workforce participation rate, signaling its large retiree population. Also, it has a disproportionately large warehousing/distribution footprint, especially (not coincidentally) as compared to California cities.My original question (at citydata) was how they could be such a large city with very little amount of high-rises. This helps explain a lot, although I understand these are not the only reasons. Thanks Quote Link to comment Share on other sites More sharing options...
TheNiche Posted February 2, 2009 Share Posted February 2, 2009 Many, many of the threads contain questions or comments that are valuable to countless readers but are not seen as the topics are project-specific which can be ignored inadvertently by a curious member. This is a topic/post regarding development and real estate and hopefully can inform members about important development/real estate concepts and rules-of-thumb. If you have questions about "Class A vs Class B real estate" or capital structuring of a development or buildout questions, anything not necessarily project-specific, please post here and hopefully our informed members can throw some great information into the discussion.My currently-active development project has gotten to the point at which a simple cash accounting system is insufficient either for the lender's needs or for mine, so I'm spending tonight and tomorrow converting to an accrual system.I am, however, not an accountant. And all my real estate accounting needs have previously been handled by staff specialists using expensive software and not reporting to me except with occasional summary statements. So this is a learning experience.In the process, I've found the following somewhat-obscure documents to provide useful information pertinent specifically to real estate development but which is not typically taught in accounting coursework, at least as far as I know:FAS 7 -- Accounting and Reporting by Development Stage EnterprisesFAS 67 -- Accounting for Costs and Initial Rental Operations of Real Estate ProjectsAICPA SOP 78-3 -- Accounting for Costs to Sell and Rent, and Initial Operations of, Real Estate ProjectsAICPA SOP 80-3 -- Accounting for Real Estate Acquisition, Development, and Construction CostsThere are plenty of other obscure documents out there pertaining to the accounting of the sale of real estate, but I haven't reviewed them because I'm really on more of an acquisitive buy-and-hold track just for the time being. Quote Link to comment Share on other sites More sharing options...
houston-development Posted February 2, 2009 Share Posted February 2, 2009 i read somewhere (swamplot?) that 10% are disputing the sale. if that is the case, it's gonna get u-g-l-y and the lawyers make a lot of money.edited because my grammar is terrible and i blame the liquid lunch...wow, i forgot that i wrote this. oops. oh well, it was a great lunch.anyway, i did confirm with an owner that it was indeed the case. people are pissed and its only going to get uglier. Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted February 3, 2009 Share Posted February 3, 2009 My currently-active development project has gotten to the point at which a simple cash accounting system is insufficient either for the lender's needs or for mine, so I'm spending tonight and tomorrow converting to an accrual system.I am, however, not an accountant. And all my real estate accounting needs have previously been handled by staff specialists using expensive software and not reporting to me except with occasional summary statements. So this is a learning experience.In the process, I've found the following somewhat-obscure documents to provide useful information pertinent specifically to real estate development but which is not typically taught in accounting coursework, at least as far as I know:FAS 7 -- Accounting and Reporting by Development Stage EnterprisesFAS 67 -- Accounting for Costs and Initial Rental Operations of Real Estate ProjectsAICPA SOP 78-3 -- Accounting for Costs to Sell and Rent, and Initial Operations of, Real Estate ProjectsAICPA SOP 80-3 -- Accounting for Real Estate Acquisition, Development, and Construction CostsThere are plenty of other obscure documents out there pertaining to the accounting of the sale of real estate, but I haven't reviewed them because I'm really on more of an acquisitive buy-and-hold track just for the time being.Interesting... Quote Link to comment Share on other sites More sharing options...
JWW Posted April 8, 2009 Author Share Posted April 8, 2009 Question about Phase I and Phase II environmental- 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 thereAnyone know? Quote Link to comment Share on other sites More sharing options...
houston-development Posted April 13, 2009 Share Posted April 13, 2009 Anyone know?"typically", you are required to have a phase 1 and if anything dirty shows up, then will be required to perform a phase 2. Quote Link to comment Share on other sites More sharing options...
JWW Posted May 14, 2009 Author Share Posted May 14, 2009 Thread is back. Lockmat, do you still have the document that....documents average building costs currently in the Houston area? Quote Link to comment Share on other sites More sharing options...
lockmat Posted May 14, 2009 Share Posted May 14, 2009 no, it went dead somehow when posting it Quote Link to comment Share on other sites More sharing options...
TheNiche Posted May 14, 2009 Share Posted May 14, 2009 no, it went dead somehow when posting itKirksey puts out a document like that every few years. Contact their PR person and they'll provide you with the most recent figures, probably from 2006 or 2007. Quote Link to comment Share on other sites More sharing options...
JWW Posted May 15, 2009 Author Share Posted May 15, 2009 Kirksey puts out a document like that every few years. Contact their PR person and they'll provide you with the most recent figures, probably from 2006 or 2007.Lockmat's document was from Kirksey, I BELIEVE.... I will see if I can post it.. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted May 17, 2009 Share Posted May 17, 2009 just my though for this time, How are they doing right now, what I mean is how are they coping in this financial meltdown? Who is they? Quote Link to comment Share on other sites More sharing options...
Rube88 Posted June 10, 2009 Share Posted June 10, 2009 Does anyone know what is going on behind the old Days Inn downtown next to the Pierce Elevated? I saw two cranes up there this week, but I did not see anything on this forum after doing a search. I believe the cranes were blue in color. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted June 10, 2009 Share Posted June 10, 2009 (edited) Does anyone know what is going on behind the old Days Inn downtown next to the Pierce Elevated? I saw two cranes up there this week, but I did not see anything on this forum after doing a search. I believe the cranes were blue in color.tHE new Y.M.C.Ahttp://www.houstonarchitecture.info/haif/i...t=0&start=0 Edited June 10, 2009 by UpuPUp! Quote Link to comment Share on other sites More sharing options...
Rube88 Posted June 10, 2009 Share Posted June 10, 2009 tHE new Y.M.C.Ahttp://www.houstonarchitecture.info/haif/i...t=0&start=0Thanks Up for the info. Quote Link to comment Share on other sites More sharing options...
JWW Posted June 10, 2009 Author Share Posted June 10, 2009 http://commerce.uli.org/AM/Conference/Conf...nferenceID=4936Marvy Finger is coming to talk about the development of One Park Place at 630 today at One Park Place (530 starts checkin)You do not have to be a ULI member to join - rare chance to meet and listen to this guy. Quote Link to comment Share on other sites More sharing options...
JWW Posted July 12, 2009 Author Share Posted July 12, 2009 In most cities it has more to do with satisfying CCRs (Codes, Covenants & Restrictions) than anything else, but still managing to achieve the right amount of product and at the right cost so that the deal makes sense. Houston is a little different because we're so lasseiz faire about things. But even here, we often have strict deed restrictions, not only in subdivisions and master planned communities, but in business and industrial parks.CCR's stand for Conditions, Covenants & Restrictions, not Codes, Covenants & Restrictions, I believe. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted July 13, 2009 Share Posted July 13, 2009 CCR's stand for Conditions, Covenants & Restrictions, not Codes, Covenants & Restrictions, I believe.I've seen it both ways, and also with the order of the 'C' words changed up. In certain contexts, the first 'C' word is Community. I'm not sure why this isn't more standardized, but some localities use different terminology than others.The phrase I provided is what was described on documents that I reviewed and advised a developer on for a project in a major city in Texas. Quote Link to comment Share on other sites More sharing options...
JWW Posted August 6, 2009 Author Share Posted August 6, 2009 How does a condominium building close at the end of construction? The C/O process, individual condominium units closing (financially), et cetera ?? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.