[AGL] 301 West Ave. Austin TX 78701

[Kdoyle]

Funny story about the 60 minutes show, Mike. Glad to know there 's one good lawyer. 

When I say “Jenga Tower” do you know which building I am referring to?  

Yes sometimes it seems we are just another Banana Republic where big business and big money can come in and exploit whatever they want.. But I don't know if that is the case with this building.

I always  do like to know the names of the folks behind something and to be able to call them if I want to. Ha! Increasingly real estate is held by acronymic anonymous no-name persons.


> On Jul 2, 2019, at 3:26 PM, Michael Eisenstadt <mike.eisenstadt at gmail.com> wrote:
> 
> Kathy,
> 
> Thanks for your sleuthing. The name of the building is as yet unknown.  Best guess is that it is 45 or more storeys. Have you played Jenga? The entiy Cvi-Ecc, LLC you unearthed owns 3d & West. 60 Minutes did a fascinating report on how foreign money on the run can be legally set up as an interlocing number of trusts who own trusts who own other trusts etc. effectively concealing the identity of the African dictator or whoever's money it is. It's legal to do so. The 60 Minutes did a piece on this scam. They secretly taped many law office settings with complicit lawyers only too happy for the work. Delicious footage. For a counterweight they filmed a lawyer saying he didn't do that kind of work.
> 
> Mike
> 
> On 7/2/2019 1:29 PM, Kdoyle wrote:
>> Michael does that building have a name? is it the one that looks like a Jenga tower?
>> its very hard to find information about them. when i found them on Wikki and clicked “key People” no one showed up but they gave another business( Cvi- Ecc) as a partner. see link below. still no names.
>> "3rd & West Lp Overview
>> 
>> 3rd & West Lp filed as a Foreign Limited Partnership (LP) in the State of Texas on Tuesday, May 13, 2014 and is approximately five years old, as recorded in documents filed with Texas Secretary of State. A corporate filing is called a foreign filing when an existing corporate entity files in a state other than the state they originally filed in. This does not necessarily mean that they are from outside the United States.”  
>> 
>> 
>> https://www.corporationwiki.com/p/2g4a05/cvi-ecc-llc#people <https://www.corporationwiki.com/p/2g4a05/cvi-ecc-llc#people>
>> 
>> 
>> 
>> 
>>> On Jul 2, 2019, at 1:06 PM, Michael Eisenstadt <mike.eisenstadt at gmail.com <mailto:mike.eisenstadt at gmail.com>> wrote:
>>> 
>>> I looked up the giant 45+ storey skyscraper on 3d and West Ave in the Austin Real Estate Properties database (http://propaccess.traviscad.org/clientdb/SearchResults.aspx <http://propaccess.traviscad.org/clientdb/SearchResults.aspx>). See also the attached spread sheet about the property.
>>> 
>>> Apparently all the apartments are still owned by 3d and West LP (limited partners) and the property assessments are a joke, some as low as $40,000, about 1/5 to 1/10th of the appraised value of downtown condo apartments. As tax assessments are based on actual prices paid for comparable properties, presumably not a one of the apartments has ever been sold. As I said, as far as I can see, none of the apartments have residents as is indicated by the lack of furniture on any of the 100s of balconies. No lights on at night. All windows show drawn curtains. Perhaps the owner(s)' notion is to place a store of value offshore from China just in case the SHTF over there. If I understood the tax database, the overall value of the building is stated to be $3,999,999 which is the bigest joke of all. If that is the case, the property tax on the building is derisory and there are no other costs than to keep the electricity turned on. As I mentioned, a Chinese friend of mine told me it was Chinese money that built it.
>> 
>> 
>> 
> 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://pairlist1.pair.net/pipermail/austin-ghetto-list/attachments/20190702/0a964090/attachment-0001.html>