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Fico

Certifiably Surly
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Everything posted by Fico

  1. I can confirm, there was another offer. The city did overpay - essentially asking price from the seller, which was...steep. The price was not otherworldly for a user-buy, but it was by no means, anything close to a "good deal". Nobody on the council is getting rich off this deal, the only person making out like a bandit is the Seller. If you haven't been paying attention the City of Austin is not good at real estate, among other things. You can see it with your eyes, and I believe the Austin monitor had a story on it recently. No conspiracy, just stupidity.
  2. It's a trap. /Akbar
  3. Thanks for your insight.
  4. Are you retarded?
  5. I played on that Gunter team for a few years while in college. Good group of guys.
  6. Juul is taking all the office space there and in the empty new office building at 2010 Lamar.
  7. This thread hits close to home. Just found my James Brown jersey I wore every Friday in elementary school.
  8. Hmm, I think Duvernay has some of the better hands on the team. Maybe your confusing him with another WR on the team, you know being that most of football team looks so similar in your eyes...
  9. The right to give her half your shit in a couple of years. And LOL, I can’t imagine anyone other than Jerseyman10 making the OP.
  10. He’s got a Netflix special I think. He is funny.
  11. I believe he designed the tallest five sided building in the world, Chase Tower in Houston. H-town bitches
  12. FOOTBALL IS THE GAME!!!
  13. Cosmi - Braun - Shack - Okafor - Kerstetter
  14. The kid will kill her just like Tyrion did to their mother.
  15. Don’t be dense
  16. Hell, Lumberg fucked her.
  17. Watch all the episodes of Psych. You’ll know the place inside and out.
  18. What if Bran becomes the new Night King and the cycle starts over?
  19. Is this real life?
  20. Not arguing in support of the overall proposal, I just wanted to point out that this 100% false with regards to commerical properties. In this market, 90% of the properties operate on a NNN basis. The property taxes are passed through as additional rent, as part of the CAM. They are the single largest driver in operating expenses for Landlords and they are passed through to the tenants. Downtown rents, for example, are at ~$40 NNN, the operating expense are running ~$25+ for a gross amount ~$65. Property taxes make up about $12-15 of that operating expense number. It is in the LLs best interest to lower the CAM number as much as possible as they eat the pro-rata portion of those expenses that correlate to vacancy, also a few bucks advantage on CAM at one building can lead to them winning a deal. On the residential front you’re probably 100% correct as there isn’t near the transparency there. /Side bar out
  21. What is crazy, is that the new construction projects are not commanding the highest rent, as they are having to compete against each other more-so than existing buildings, where existing vacancy is at a premium. Vacancy for Class A space downtown is sub 6%. Dirt is going for over $1000 psf for sites that can support office density.
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