Trying to catch a falling knife is a dangerous thing. In Houston, Parkway Property sold the 960,000-sf San Felipe Plaza in Uptown, to Sovereign Partners for $82.8 million in late March. The tower was built in 1984. Parkway Property ended up with the tower when it acquired Thomas Properties, which had bought the property in 2005 for $156.5 million. So this was a loss of 47%.
Michael Snyder
https://wolfstreet.com/2023/04/08/what-are-old-office-towers-now-worth-when-they-finally-sell-amid-record-spiking-vacancy-rates-not-much-huge-losses-everywhere/
...there was a sober silence in the room. Samuel Adams, a key figure in the American Revolution and a signer of the Declaration of Independence, spoke up to say,
“We have this day restored the Sovereign to Whom all men ought to be obedient. He reigns in heaven and from the rising to the setting of the sun, let His kingdom come.”
Colonel Douglas MacGregor predicts a continuation of the Iran war soon, once all sides have replenished missile stocks.
"Washington’s political class manifests much less regard for the long-term strategic interests of its own citizens—their security and prosperity. As a result, Washington pays an exorbitant price in reputation and treasure for policies that confront Palestinians with the choice of death or expulsion from their homelands.
"Assumptions of tacit acceptance or rapid capitulation are implicit and dangerous.
[The Muslims will not 'do a deal.']
"When Hitler was briefed on the expected Soviet reaction to Operation Barbarossa, Major General Ernst Koestring, a Prussian officer fluent in Russian from a family that had lived in Moscow since the reign of Catherine the Great, advised: “Initially, German forces will advance rapidly. The various peoples on the Soviet periphery will likely welcome the German forces. Resistance will be weak. But when the Germans advance into ...