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Houston19514

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Everything posted by Houston19514

  1. Houston19514
  2. Houston19514
    Huh? Are you suggesting they will re-open the old location if they don't "get their way", or that they will take their ball and leave Dallas permanently?? Unless you think one of those two moves are in their plans, I don't see why the old location would affect their supposed plans for a new development (unless they are playing a cynical and transparent game of "chicken" aka extortion). They will surely be able to sell the old place to someone fairly easily, whether or not it is encumbered by historical preservation mandates.
  3. Houston19514
    Hmmmm.... the south's largest metropolitan area has the south's largest economy. Go figure. Pretty much a dog-bites-man non-story. Thanks for the link to the interesting stuff, Midtown. I'm curious, though, how Atlanta's economy counts up to a larger GDP than Houston's
  4. Houston19514
    You raise a good point. The issue with the McKinney property is what it is. Why would a resolution, or ongoing non-resolution, of that issue have any bearing on the supposed new project?
  5. Houston19514
    Of the successful downtowns and urban areas I am familiar with, I cannot think of ANY that got there by offering free parking. If downtown develops with plenty of activities and residences and attractions, people will find parking, even if they have to pay for it. OR, they will park free along a rail line and ride the train into downtown.
  6. Houston19514
    Exactly right!! Unbelievable... Sadly, any possible good point he might have made is entirely lost because he destroys his credibility with the half-logic and innuendo, not to mention hyperbole.
  7. Houston19514
    Calm down man. I asked for examples because I just don't know, and without seeing examples I'm not willing to accept "common knowledge" because "common knowledge" is very often wrong. (For example, it is "common knowledge" that Houston has the dirtiest air, the fattest people and the worst traffic in America... None of those are true.) I realize Ms. Sarnoff mentioned that in the recent article. That was in fact the genesis of my inquiry. But remember, Ms. Sarnoff is the same "reporter" who told us that with the construction of 2727 Kirby, Houston was at long last beginning to catch up with Dallas and Atlanta with high-rise condominiums, apparently oblivious to the dozens of high-rises that have been scattered around central Houston for decades. Sorry, but I need a more reliable source than Sarnoff. Is anybody else here familiar enough with Dallas or Atlanta (or Austin or Phoenix, two other cities that, according to Sarnoff are ahead of Houston) to be able to throw out some examples of the mixed-use projects in those cities?
  8. Houston19514
    VERY good point.
  9. Houston19514
    Very apropos, given that The New Juniper was one of those who predicted just that.
  10. Houston19514
    Can you give us examples?
  11. Houston19514
    The Chronicle is unrelentingly negative as well, especially its real estate and development "reporters". (Remember, this is the paper that reported with awe and wonder, the proposed 2727 Kirby as Houston finally breaking into high-rise living, at long last joining Dallas and Atlanta, seemingly unaware of the literally dozens of high-rise buildings that have been scattered about inner Houston for decades.) Are Houston's peer cities really that much ahead of Houston in mixed-use urban developments? I wonder...
  12. Houston19514
    Yes, indeed, lookey there: "When asked if there would be layoffs among the firm's roughly 4,000 Houston employees, Norcross said, "absolutely not."" "Dan Pickering, president of Houston-based Pickering Energy Partners cautioned from viewing the opening of the Dubai office as a first step in moving the entire company out of the United States. 'That would be a large distraction and wouldn't make sense, given that more than 50 percent of the company's business still comes from North America,' he said" In other articles, there have been quotes from a number of investment and tax analysts, none of whom see any tax benefit whatsoever in the opening of an HQ office in Dubai.
  13. Houston19514
    :-) Quite true, and that can be a big problem for American companies, because other countries are not so fastidious about such things. But what does that have to do with this thread? Seriously.
  14. Houston19514
    TNJ, I thought you were in the development business. How can someone in the development business be so pessimistic without being suicidal? ;-) I ask with respect, because unbuilt projects and delayed projects are part and parcel of the development world, and not just in Houston. (and btw, excellent post up there, Kinkaid)
  15. Houston19514
    You take a move of one executive to Dubai and turn into a wholesale corporate relocation, liquidation, and Houston downsizing in order to avoid some taxes, and then you accuse me of making a mountain out of a molehill???? Very amusing. Please explain to me how they are going to avoid that stock "plunge" by announcing the charter change a year from now, rather than now. If they are going to do that, the announcement will have to be made at some point in time. Why am I not surprised that you now stoop to the time-honored tradition here at HAIF... if you don't like someone's facts and reasoning, attack their motive by asking if they work for the company being discussed?? Not that it's relevant to any facts, but No, I do not work for Halliburton or any of its subsidiaries and I have no pecuniary interest whatsoever in the company, direct or indirect. As always, I am only interested in the facts. Be sure to post here and feel free to PM me when Halliburton goes through with their secret plan to re-charter and liquidate their Houston operations, per your speculation.
  16. Houston19514
    Well said, Mister X. Bravo!
  17. Houston19514
    You are assuming something (the relocation of the corporate charter) not in evidence. No, I suppose it is not inconceivable that they would move their charter, but they have said they are not doing so. If that were the plan, why would they not make the charter change simultaneously with the CEO move? What possible motive would there be for delaying that part of the "plan?" Besides which, that would not not be likely to save them all that much money ,if any. Just because their income may not (or now, with your edited post, may) be taxed in Dubai, does not mean it won't be taxed somewhere, including the United States. Most countries tax income from goods delivered or services rendered within their tax jurisdiction. Most of Halliburton's services would presumable still be rendered in the oil fields, or in Houston and its other locations around the world. IF they moved their charter, the US would still tax them on their US based income. And all other countries where they have installations or perform services will tax them on the services rendered and goods delivered in their countries. The only possible savings are the piece of income allocated to whatever work they actually perform in Dubai (and that was probably protected by tax treaties anyway). All in all, it seems unlikely this is a tax-motivated move.
  18. Houston19514
    What tax exemption would that be? Another reminder folks, since there seem to be several of you who do not understand or just want to run with a conspiracy story. They are not moving the corporate charter. They will still be a United States corporation. Their Chief Operating Officer is staying here. So far, the only person moving to Dubai is the CEO. I imagine he'll need some support staff, but that's probably about all, the way it sounds. Seems like a slightly odd move to me, but appearances can be important in global business and I guess they think having the CEO based in Dubai will help their business in the Middle East.
  19. Houston19514
    There is also a parking lot covering the entire block to the north of 5 Houston Center. That is what GovernorAggie was referring to and that is the "Walker/Rusk/Austin/LaBranch" I was referring to in my earlier post. I would think either that block or the block or the block across Walker to the north of 1 Houston Center or the likely locations for 6 Houston Center. I'm pretty sure Crescent identified the location of 6 Houston Center some years back. I'll see if I can find that. Ritz-Carlton. A few years back, before they started the work on the old Texaco Building, it was to be re-done into a Ritz-Carlton Hotel and residences. By the time they started the work, it had changed to be a Renaissance. But, as you probably know, the project was abandoned some time after the building to the north was torn down and some or most of the gutting was done. I'm still hoping Ritz-Carlton will get back in that project.
  20. Houston19514
  21. Houston19514
    Again, I don't think there is any cause for alarm here. Despite how the print media is reporting it (and I can only imagine the butchering job the broadcast media is doing to this story). Halliburton's own press release is slightly less than crystal clear, but it does not say that the headquarters is being relocated. It says that they will establish a headquarters office in Dubai. The HBJ has a slightly more intelligent article on-line today, at least acknowledging that Halliburton "will continue to maintain a headquarters here and also will keep its legal status as a U.S. corporation." (The HBJ demonstrates their own hilarious brand of incompetence, however, by seeming to think that David Lesar, Chief Executive Officer and David Lesar, Chairman and President, are two different people.) It appears, so far, that Halliburton is relocating exactly one person from Houston to Dubai. Pretty close to a non-story.
  22. Houston19514
    I'm not sure this is as big as either you guys or the Chronicle are making it. The news release refers several times to "a corporate headquarters, as if they will have more than one..." Unless they intend to convert their corporate charter to one based in the UAE, I suspect it will still show up as Houston-based company on the Fortune 500.
  23. Houston19514
    Walker/Rusk/Austin/LaBranch?
  24. Houston19514
    Yeah, ol' Phil's supposed claim to have blocked the view of Pennzoil Place marks him as either delusional or senile.
  25. Houston19514
    Cool building. Hope they can get all that "modernization" torn off succesfully. It really does remind me of something one would see in Chicago or St. Louis.
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