Houston, we have a BIG problem...
KBS REIT agreed to sell an office complex in West Houston at a massive 63% discount
CCI will acquire 19219 Katy Freeway for $17.6M, or $87 per SF... KBS paid $47M for it in 2016
There's a much bigger problem in Texas...
With ~300 empty office buildings, Houston dominates Texas in the 'empty office building rate' in the US w/ 26.3% vacancy
Trailing behind it are two Texas cities: Dallas and Austin w/ a vacancy rates of 25.3% and 25.2% repspectively
All three cities are facing alarming vacancy rates...
Source: TRD, Chron
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@DellCares Can you guys please help? It’s been over 2 weeks since I have heard anything. Nobody’s returning email and as you know not possible to can an individual.
@dojitrader Hello, we see you are looking for assistance. If you need our help, you can follow @DellCares and start a direct message with us and we will be happy to assist you. twitter.com/messages/compo…
For all of you replying with the Monday/weekend effect: thanks, but I know what that is. I covered options for four years.
If this VIX movement were solely from a “case of the Mondays”, it’d happen a lot more than five times in a decade. There’s more to the story.
Interesting.
The VIX closed up today, even though the S&P 500 rose 1.6%.
That's happened 3 times this year (March 24, October 5 and today). Before 2020, that has happened two other times since 2003 (7/15/2009, 6/1/2009).
Today is the 64th anniversary of the Federal-aid Highway Act of 1956, which established the Highway Trust Fund and ushered in the Interstate era. #Infrastructurefhwa.dot.gov/publications/p…
Michael Jordan is the king of reverse dunks, but the S&P 500 isn’t too bad at them either.
Today, $SPX closed up 1.2% after being down as much as 1.9% in trading. That’s the 6th time since Oct. 2015 that $SPX has dropped more than 1% during the day, but closed up 1%.