“Financing? WEDGE’s principal can find the money for this project in his couch cushions. According to ArabianBusiness.com, Issam Fares is currently the 32nd richest Arab on the planet with a net worth of $2.4 Billion.” [Bernard, commenting on Downtown Wallflower: A New Hilton Garden Inn?]
From BayouCtyHistory (J.R.G.): RT @swamplot: Going Attractions: Hollywood Video Gives Up on the Tower Theatre http://twurl.nl/ly5csn
From heightslife (The Heights Life): RT @swamplot: Going Attractions: Hollywood Video Gives Up on the Tower Theatre http://twurl.nl/ly5csn
From GTello (Gus Tello): @Lennar Houston Real Estate Market Doing Much, Much Better Than Last October http://twurl.nl/t6uo7b (RT @HoustonPress @swamplot)
From HoustonPress (Houston Press): RT @swamplot: Houston Real Estate Market Doing Much, Much Better Than Last October http://twurl.nl/t6uo7b
From isthishouston (isthishouston): RT @swamplot: How’s That Corner of Harrisburg and Wayside Looking? http://snipurl.com/tay31From isthishouston (isthishouston): isthishouston Harrisburg & Wayside - http://isthishouston.com/2009/11/19/harrisburg-wayside/ - #houston @swamplot #eastend
From jenxer (Jennifer Mathis): I can hear it now: "Obsess much, Jen?" RT @swamplot: Comment of the Day: Demo Addicts http://twurl.nl/yf4twm
From kniemeier (Karen Niemeier): Attention East Enders! RT @swamplot How’s That Corner of Harrisburg and Wayside Looking? http://snipurl.com/tay31From jenxer (Jennifer Mathis): I need to quit reading @Swamplot's demolition reports. Seriously. This one breaks my heart. http://is.gd/4YfUZ
From TheLoopScoop (TheLoopScoop): Wow! Hope this works out! RT @GunsandTacos: RT: @swamplot: The Block Party’s Over http://twurl.nl/nxk320
2 Comments
Net worth is a tricky term. He could have very liquidity…
Plus, many commercial lenders are beginning to call notes - so any cash he does have could be going to pay off existing debt.
Interesting times.
I meant to say very little liquidity.