- Houston Retail Center Market Occupancy Hit Highest Point Ever, 93.4%, at End of Last Year, Says CBRE [Realty News Report]
- Houston’s Multifamily Market Among the Most Affordable for Middle-Income Renters, According to NYU [HBJ]
- HAR Now Reports That Houston Home Sales in January Were Down 0.6%, Not Up 2.6% [Houston Public Media]
- Can’t Make This Up: New Performing Arts Venue’s Official Name Will Be ‘Smart Financial Centre’ at Sugar Land [Prime Property]
- Edens Investment Trust’s Has Acquired AmREIT for $26.55 Per Share in an All-Cash Deal Valued at $763M [HBJ]
- Riverway Properties Says It Will Start Construction of 3615 Montrose Condo in Spring of 2016 [HBJ; previously on Swamplot]
- Even Without Rooftop Wind Turbines, Downtown’s Hess Tower Wins Efficiency Designation [Prime Property; previously on Swamplot]
- Developers Working with Houston First Hope To Add Up to 7 New Venues to Convention Center Area by Late 2016 [Realty News Report]
- End of February Opening Eyed for Jackson Street BBQ in Former Houston Live Spot Near Minute Maid Park [Food Chronicles]
- Johnny’s Gold Brick in Former Boom Boom Room on Yale St. Won’t Open Until First Week in March [Eater Houston; previously on Swamplot]
- Third Houston-Area Crust Pizza Co. Location Now Open in Creekside Park Village Center [Eater Houston]
- How Houston Drastically Increased the Utility of Its Bus Fleet Without Increasing Its Operating Costs [Vox]
- Eastbound and Westbound Lanes of U.S.-290 at Loop 610 Will Be Closed This Weekend [The Highwayman]
Photo of Market Square: Marc Longoria via Swamplot Flickr Pool
That’s not a small error HAR.
OK, so hang on here. “Smart Financial Credit Union paid $6.7 million for the naming rights…” SFCU is formerly FECU, otherwise known as First Educator’s Credit Union, i.e. where a lot of teachers store their money. Hmm.
Yes. Credit unions make their money just like banks, the only difference is who owns them. And like most successful business, you need to advertise.
HAR numbers are pure malarkey, they’ve been caught manipulating them dozens of times, from math errors to selective statistical samples. Their only goal is to manipulate the market to make it always look better than it really is.
Don’t count on those Montrose condos being built, ever. When a developer says the ground breaking is over a year away, that means all the pieces of the puzzle are not yet in place, or even close. When a developer says we “want” to pre-sell half of the condo units before starting construction, he really means “our construction lender (and maybe even our equity partner) is REQUIRING us to pre-sell half the units before they give us any money.
Re: Hess Tower: I guess they didn’t count against them the fact that its death-ray reflection kills half the grass on Discovery Green.
All those $15 IRA roll-over penalties add up, I guess.
Bernard, most condo buildings have a magic number they must meet before going off the ground. Even in the good times.
Ever hear of a project called “Orion”? Two buildings were planned at the end of Asbury. Never pre-sold enough and one of the equity partners had to move into the closed “sales center”. There’s still a big hole there.