Articles for January 27th, 2009
Fuld’s Wife’s Florida “Bargain”
Great minds think alike, and Diane Tuman over at Zillow reacted the same way I did when we heard ofabout Dick Fuld’s alleged scheme to protect his Florida vacation pad. His $13 million dollar vacation pad. She’s got better pictures.
Highland Park Village Regent’s Theatre Closing?
Please say it is not true! If that theatre closes, I say 10% decline in Highland Park property values… agree????
Bush Permanent Office At Sherry Lane Place
Home of the famous Park Cities Club. His office, I’m told, will be on the 14th floor.
The Bush Office: Temp Digs
Neighbors include Dave Perry-Miller & Associates, Allegiance and CitiBank, Smith Barney (a really great company) at 5950 Berkshire Lane, the temporary office.
Bush Home:Getting Ready For The Gate
Bush gate: in red territory now.
Tate Lecture Series Tonight: Not Cancelled, Not Yet
The speaker tonight is Chris Jordan and Tate says to check SMU’s website or check your email — they will notify ticket holders if anything changes.
Katye Sloan Joins Briggs Freeman, Home Of Nation’s #3 Best Website
More exciting changes: the wonderful Katye Weiner Sloan has left Ebby Halliday to join the class act that is Briggs-Freeman. Katye Sloan, how she is now known, worked with Joseph Gullotto at Ebby In-Town, primarily handling sales for The Azure. Katye has always had stellar taste — she co-owned a darling boutique in Preston Center and is multi-talented! Katye also has great foresight: she’s joining a firm that recently won accolades for having one of the best real estate websites in the country.
On A Clear Day You Can See The Vice President’s House
Unlike during the previous administration!
And Now, For Some Positive Real Estate News
I am hearing of a sale in Lakewood of a $500,000 ish home that was, yes, reduced but when reduced had three contracts. Roddy’s Foreclosure Listing Service, Inc. reports a nine year trend reversal in Dallas-Fort Worth: fewer homes were posted for February foreclosure than were posted one year ago.
The LA Times reports that default notices against homeowners have dropped significantly, probably because of a new California law that gives delinquent mortgage holders more time. And I’m not the only one who sees the silver lining in the fact that national housing supplies cratered in 2008. As they told us at Inman: look for an uptick in the sale of starter homes.
Modernist Excellence in an Unexpected Spot
The Dallas Morning News has a great piece on Ron Wommack’s quite wonderful house off Douglas Avenue. Despite the challenges of skyrocketing materials prices and a couple of subs with questionable expertise, Wommack designed a house that takes full advantage of the site and optimizes its space. And he fully deserves all the accolades. So does Monica.
George’s New Biz Neighborhood: Preston Center
Gotta hand it to Bloomberg — they do their homework. Mountains were not mentioned once in this article on the former president’s new office ‘hood. And the reporter talked to real people at real businesses — Sprinkles cupcakes, Starbucks coffee, found Tin Star and even the Lucky Dog Barkery, though we all know Lucky Dog and Tin Star are east of Preston and with that noon-time Preston Center traffic what it is, my guess is the president will stick with Chipolte or become a regular at The Park City Club. Where I was, today, rubbing elbows with the city’s top agents to learn more about a new 42 unit condo developed by Randall Davis called Terranova. (Stay tuned, very exciting news from that event.) I have been very bullish on Preston Center for a long time and I think we are going to see this area explode. (Growth, that is. Really.) The half-square-mile neighborhood has some housing in the form of Park Cities school-based luxury condominiums including the Shelton, which is now leasing, and a lovely Hilton hotel, which is where everyone sends their overflow guests. I think Preston Center is going to morph into a magnet for uber high net worth individuals. With Roger Staubach and T. Boone nearby — both live just a a couple miles north in the Old Preston Hollow honeypot – this article declared that Preston Center is one of the most resilient real estate markets in Dallas, even with a slowing economy.
It’s true. While the lines at Sprinkles are no longer half-way down Preston Road, it is still impossible to find a parking spot for lunch at R&D and what would we do without Sevy’s valet parking? But don’t get too pricey on me Preston Center — I don’t need Bella Vita raising the price of my microderms.
Say Goodbye To Expo?
TI, Starbucks, and now Home Depot Expo Design Center stores to bite the dust. I will miss Expo — spent countless Saturdays up there checking out the latest and greatest when we were building our home in 2000, and I still run up there to buy plumbing products. So what, I ask, is going to happen to that shopping center?
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