Nancy Sarnoff recounts the distinguished real-estate ventures of Houston attorney John O’Quinn, who was killed in a car accident on Allen Pkwy. yesterday: “He was a financial partner with Trammell Crow Co. on 120 acres of land in Katy where KBR was planning to build a corporate campus. He was planning to help fund Ballpark Place, a downtown residential tower across from Minute Maid Park that never got off the ground. In 2004 he contributed $225,000 to the renovation of Lawndale Art Center at 4912 Main St., a 1931 art deco building designed by Joseph Finger. He was a major investor in Houston-based Flagship Properties, an apartment developer. He partnered with Houston-based Levcor Inc. on the Centre at Bunker Hill, the Costco shopping center along the Katy Freeway. And after a $25 million gift to St. Luke’s, O’Quinn was given naming rights to the 506,000-square-foot O’Quinn Medical Tower - the 28-story twin-towered structure whose spires resemble hypodermic needles.” [Prime Property; previously on Swamplot]
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Comment of the Day: The Age of Appreciation
“[In] my humble observances, I have noticed that the new construction only maintains plateau value or loses it while the older homes in the area gain. Sure, many homes may be sold for lot value, but if you buy a 60 year old home vs a 5-10 year old home, the difference is relative. (See low-end River Oaks, West U, Bellaire, Heights, Braeswood, etc). In the Heights, the kept-up bungalows outpace the new-builds (on a square-footage basis) by far. They also sell in a few days (with many offers) vs months.” [justguessin, commenting on Swamplot Price Adjuster: $2 Million Plus In Town]