Tag: Crime

Attractions
11/15/07 12:05am

Remaking Blow-Up, or Was Everybody Out When the Crowne Went Down?

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Crime, Demolitions, Hazards, Hotels, Texas Medical Center
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[youtube:http://youtube.com/watch?v=3dkfv0e2GCk 400 330]

Watch this video very closely. Do you see someone entering the building before the demolition begins? Maybe on the left side of the screen?

No? Well, keep looking. How about enlarging the video — or breaking it down frame by frame — so you can examine it more carefully?

Apparently someone who shot a video of the same event from the same angle saw something in it so disturbing that he brought the footage to the attention of the Houston Police Department. And officers found the evidence credible enough that they spent the greater part of Wednesday searching through rubble to see if maybe someone got into the Crowne Plaza Hotel in the Texas Medical Center shortly before it was imploded Sunday morning.

KHOU-TV reports that police are focusing their search on the Fannin side of the building, which would be the street on the left. The station also says that the video used as evidence was in fact taken from the St. Luke’s Medical Tower — the same vantage point as the YouTube video above.

So is the video above the same one the police are studying?

CONTINUE READING THIS STORY

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Apartments
10/02/07 10:30am

Ghost of Ghost of Katrina Haunts Apartments

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Buying and Selling, Commercial Real Estate, Crime, Cypress Station
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The Retreat at Cypress Station

When it was shopped around to investors last year, there weren’t too many offers for the Retreat at Cypress Station, a 296-unit apartment complex on an 18-acre site north of FM1960 near I-45. How come?

Hendricks & Partners’ principal Jim A. Hearn says the two-year-old asset at 18200 Westfield Place Dr., assessed at $22.7 million by Harris County, was on the market with another brokerage firm about one year ago, but was pulled due to lack of buyer interest. “By luck, this property was in lease-up during Hurricanes Rita and Katrina and the owners took on a significant number of corporate leases,” Hearn explains. As the corporate leases ran out, he says vacancies went up. “Some of the buyers were spooked,” he says.

What would happen when all those Katrina-era leases expired? Boo!

Apparently, some residents were spooked as well—by local crime. Back in January, an anonymous resident posted this gem about the complex to the Apartment Ratings website:

The shooting that occured on Wednesday was due to a damn drug deal.. If I understand correctly, the resident will NO longer be living here… BE SMART, take your damn valuables out of your vehicle and keep an eye out for your neighbors… This is a very good property for the area, yes you pay for it… It is worth it…

Well, now only 20 percent of the apartments are vacant. And the complex has just been bought by a fund managed by Boston’s TA Realty Advisors—even before Allied Realty Services, the company that built it, was able to put it back on the market.

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