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Category Archives: Residential

Johnson Development Breaks Ground on 1,350-Acre Jordan Ranch West of Houston

  FULSHEAR, Texas – The Johnson Development Corp. has broken ground on its latest community, Jordan Ranch, on Houston’s west side. The 1,350-acre Fort Bend community is located one mile south of Interstate 10 near the Grand Parkway, giving residents easy access to the Energy Corridor and Katy. Approximately 2,800 homes are planned for Jordan Ranch, and nearly 500 homesites ... Read More »

Best September Ever for Houston Home Sales

HOUSTON – In the strongest September on record, the Houston Association of Realtors reported 6,691 single-family homes were sold in September, a 3.5 percent increase over September of last year. However, HAR reports a slight decrease in “pending sales” a statistic that indicates sales activity could be slowing. Traditionally home sales slow down in the fall, as the holiday seasons ... Read More »

Westmount Realty Capital Buys Multifamily Project in SE Houston

HOUSTON – Westmount Realty Capital of Dallas acquired the 376-unit Summer Cove Apartments, a Class B complex in southeast Houston near Ellington Field. Westmount has renamed the apartment community, built in 1983, Westmount at Summer Cove. A CBRE report recently noted that Houston’s Class B apartment market is very strong. At the Summer Cove Apartments, occupancy averaged 96 percent over ... Read More »

Best August Ever for Houston Home Sales, Despite Last Month’s Plunging Oil Prices

HOUSTON – The Houston Association of Realtors reported 7,454 single-family homes were sold last month – the best August on record and the eighth best month ever for the city’s housing market. Sales so far this year indicate that homes are selling at the nearly same pace as last year –an impressive rate considering that 2014 was the best year ... Read More »

Taylor Morrison Developing 55+ Community West of Houston

HOUSTON – Taylor Morrison, a Scottsdale, Ariz.-based homebuilder, is expanding its 55 and up active adult presence in the Houston area with the the development on a Bonterra active lifestyle community in Cross Creek Ranch on Houston’s west side. The 228-acre community will have 700 homes, prices from $250,000 to $450,000, in a gated neighborhood. Last year Taylor Morrison opened ... Read More »

Dallas Penthouse Priced at $24 Million

DALLAS — The developers of Museum Tower, a 42-story high-rise condominium tower located in Dallas’ Arts District have priced the penthouse at $24 million. The penthouse, features 9,350 square feet of living space, a rooftop terrace and unobstructed views of the city’s Downtown and Uptown. Completed in 2013, the 100-unit building, 1918 Olive St., will soon be 50 percent sold ... Read More »

Home Sales up 36 Percent for LGI

THE WOODLANDS, Texas – Texas-based homebuilder LGI Homes Inc., sold 331 new homes in June, its best monthly sales total ever. That was up 36 percent from the 243 homes sales it closed in June 2014. LGI builds homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina and South Carolina. Read More »

Trendmaker Developing 372-Acre Project in Clear Lake City

HOUSTON – The Reserve at Clear Lake City, a 372-acre project that will have 740 homes has opened in southeast Houston near the Johnson Space Center. Trendmaker, part of the TRI Pointe organization, is developing the project. Trendmaker, Ryland Homes and Village Builders will be constructing houses in the community. Clear Lake City is a 10,000-acre project started in the ... Read More »

Standard Pacific Homes and Ryland to Merge to Form Fourth Largest Home Builder

IRVINE and WESTLAKE VILLAGE, Calif. — Standard Pacific Corp. The Ryland Group and planning to merge in a $5.2 billion deal that will make the combined home building firm the fourth largest home builder in the nation. The builders announced Sunday night that their respective boards of directors have unanimously approved a merger agreement. The companies characterized the transaction as a “merger ... Read More »

Hopper Buys Site for Austin Single-Family Community

AUSTIN – CBRE announced the sale of 42.1 acres in Northeast Austin, Texas, to Charlotte, N.C.-based Hopper Communities. The regional residential developer purchased the tract from Sealy & Company for an undisclosed price. Greg Marberry, with CBRE in Austin, represented the seller. John Swanson, Hopper Communities Texas Partner, saw an opportunity for single-family residential at the site and rezoned the property from ... Read More »

Third Palm Launches $1 Billion Mixed-Use Development

HOUSTON – Third Palm Capital has launched a $1 billion plan to develop a 35-acre tract in Houston’s Energy Corridor. When completed in a decade or so, the mixed-use project will include 2.6 million square feet of office space, 100,000 square-feet of retail and restaurant space, two hotel and 800 multifamily residential units. Third Palm Capital, a South Carolina-based firm, ... Read More »

Bulletproof: Despite Oil Crash, Texas Home Sales Surge in First Quarter; Inventory at All-Time Low

AUSTIN – The Texas residential markets remained immune to the drastic fall in oil prices, as the Lone Star State posted exceptionally strong home sales in the first quarter of 2015, the Texas Association of Realtors reported. The inventory of homes for sale fell to an all-time low. With oil falling from $107 a barrel last summer to less than ... Read More »

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