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Alright Ballers, who's spending their pocket change? Perkins Rowe for sale

Posted on 5/28/15 at 11:27 am
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67079 posts
Posted on 5/28/15 at 11:27 am
Perkins Rowe on the market

If you have to ask what it costs, you can't afford it.
Posted by onelochevy
Slidell, LA
Member since Jan 2011
16532 posts
Posted on 5/28/15 at 11:29 am to
quote:

If you have to ask what it costs, you can't afford it


Gotta ask so I know how much cash to bring with me
Posted by Motorboat
At the camp
Member since Oct 2007
22681 posts
Posted on 5/28/15 at 11:30 am to
quote:

If you have to ask what it costs, you can't afford it.


another great, informative post. you suck
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134860 posts
Posted on 5/28/15 at 11:32 am to
OT ballers don't make poor investment choices.
Posted by wiz khaweefa
SWLM
Member since May 2015
92 posts
Posted on 5/28/15 at 11:32 am to
Let me call Zurich and move some money around.
Posted by bencoleman
RIP 7/19
Member since Feb 2009
37887 posts
Posted on 5/28/15 at 11:32 am to
I was thinking of buying it but got such terrible service at California pizza kitchen that I changed my mind.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67079 posts
Posted on 5/28/15 at 11:33 am to
quote:

OT ballers don't make poor investment choices.


Of course not, they only spend their money wisely on expensive luxury sports cars, F-250s, and Yeti Coolers.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67079 posts
Posted on 5/28/15 at 11:33 am to
quote:

I was thinking of buying it but got such terrible service at California pizza kitchen that I changed my mind.


If you owned the place, you could cancel their lease, evict them, and replace them with a place more to your liking.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134860 posts
Posted on 5/28/15 at 11:34 am to
quote:

Of course not, they only spend their money wisely on expensive luxury sports cars, F-250s, and Yeti Coolers.


Those are simply the results of wise investments.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13858 posts
Posted on 5/28/15 at 11:35 am to
quote:

If you have to ask what it costs, you can't afford it.

So every billionaire in the world knows about Perkins Rowe?
Posted by GaryMyMan
Shreveport
Member since May 2007
13498 posts
Posted on 5/28/15 at 11:37 am to
quote:

The development had been envisioned as a $350 million multiphase project but was not completed before going into foreclosure.

There is never a phase 2.
Posted by Sterling Archer
Austin
Member since Aug 2012
7310 posts
Posted on 5/28/15 at 11:41 am to
Would have thought it'd be more than $100million
Posted by Tigeralum2008
Yankees Fan
Member since Apr 2012
17134 posts
Posted on 5/28/15 at 11:44 am to
Heard the condos above everything are pretty crappy and small. Not very good value per sqft
Posted by GingerMerkin
Member since Oct 2012
811 posts
Posted on 5/28/15 at 11:49 am to
quote:

Heard the condos above everything are pretty crappy and small. Not very good value per sqft


Listed anywhere from $250 - $280 per sqft. And they look like garbage.
Posted by yellowhammer2098
New Orleans, LA
Member since Mar 2013
3850 posts
Posted on 5/28/15 at 11:54 am to
quote:

Walker said he isn’t sure how much over the appraised value Perkins Rowe will sell for. It will basically come down to two things: the net operating income at Perkins Rowe, which is the gross income minus expenses, and the cap rate, which is the ratio of the net operating income to the value of the property.




Duh.
Posted by DVNO
Four Capital Letters
Member since Jun 2013
330 posts
Posted on 5/28/15 at 12:03 pm to
that place isn't worth $100M.. at best maybe 30-50M ( and that's generous). BR market is not a top market. it's perhaps a tier 4 or 5 city.

hell, the company i work for is about to buy a building in Seattle for $282M.

Google Premiere on Pine
Posted by yellowhammer2098
New Orleans, LA
Member since Mar 2013
3850 posts
Posted on 5/28/15 at 12:12 pm to
quote:

that place isn't worth $100M.. at best maybe 30-50M ( and that's generous)


Posted by biglego
Ask your mom where I been
Member since Nov 2007
76301 posts
Posted on 5/28/15 at 12:15 pm to
The Houston area supports like 10 Perkins Rowe type places. Its nice living in a world class city.
Posted by DirtyMikeandtheBoys
Member since May 2011
19422 posts
Posted on 5/28/15 at 12:19 pm to
If I buy it can I have it moved to Nicholson across from tiger stadium?
Posted by DVNO
Four Capital Letters
Member since Jun 2013
330 posts
Posted on 5/28/15 at 12:22 pm to
quote:

The Houston area supports like 10 Perkins Rowe type places. Its nice living in a world class city.


how are things in waterworld?

(used to live in the heights)
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