Houston CRE Scammer - Ali Choudhri
Anyone have experience working with Ali Choudhri in Houston? Apparently, he owns a few Class B office buildings in Houston and will drag people through frivolous lawsuits.
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Not to sound like a jerk, but that's a crap property (maybe not even Class B) and never heard of any of these people in the video. Been in the Houston office scene for 10 years and never heard of anybody worthwhile ever dealing with this guy. May make some good money for himself, but wouldn't want to build my career with him. There are some good, quality shops emerging in Houston, and some great legacy players outside of the Hines/Lionstone/TCC/Skanska type players. Working for him would be a last resort from where I sit.
Appreciate the input. Could you name some of the quality shops emerging in Houston? I feel like everyone else already knows the legacy players. Interested in where to look.
Here's a List. Lots of these places run real lean. Not all are places I'd want to rest my career on, but they're at least quality some with some name recognition that will help you progress. One thing to note is that there are a lot of boutique brokerage firms that start out small and then grow into ownership. The brokerage business funds the investment business, so if you start at one of these shops, then typically you can grow with them. Have not listed the brokerage-only shops though.
Major: Hines, Lionstone, Skanska, Trammell Crow, MetroNational, Partners, Brookfield, Hanover, Madison Marquette (rarely anything in Houston), Griffin Partners, Kimco, Greystar, Howard Hughes, Alliance Residential, Transwestern Development Co., Stream Realty, TNRG
Regional: Midway, Lovett Commercial, NewQuest, Read King, Moody Rambin, Radom Capital, Triten Real Estate Caldwell, Signorelli, McCord, Vista Equities Group, KM Realty, Davis Commercial, Wulfe & Co, Vigavi, Allen Harrison, Johnson Development, Dinerstein, Radler Enterprises, Hartman REIT (Silver Star Properties now), Whitestone REIT, Tarantino Properties, Belvoir (growing), Caisson (growing I believe), Provident Realty, Investment & Development Ventures
This is not an all-inclusive list and I'm sure there are others. These are just shops that I've done business with, heard of or researched to have a decent operation in Houston. There are certainly other owners, but they may not have an investment team in Houston, may just be a bunch of family members, or I just havent had the need to do business with them. ...or I forgot to include.
Houston office is overbuilt - A Dallas office guy who thinks downtown Dallas is dead
1,000%. Way too much office space in Houston. The supply is ridiculous but tons of opportunity because it a lot of Class B and below that nobody wants anymore.
Downtown Dallas is completely dead (the true "downtown" part).... sadly
Dang.. that's sad. Downtown Houston is trying for a comeback, but we shall see. Lots of investment in residential going on down there to trying and activate street level. Haven't been to Dallas in a few years, but lived in Addison for a while. Can't say I ventured downtown too often.
Honestly the first 5 mins of this video is standard CRE that happens everywhere... anyone else feel the same? Loaning amounts higher than assessment values is not that radical. Especially with a value add plan. Now the second part where he is taking the money and not improving the property and lying about it... yeah thats bad.
This guy seems super slimy. He’s in like several lawsuits with different people.
I don't disagree on that end, but the reporter paints lending money from a foreign bank like some big corrupt option.
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