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Category Archives: Residential

Austin Firm On Mission to Buy Houston Properties

HOUSTON – PPA Group, an Austin-based multifamily investment firm, has acquired its first apartment project in Houston and it is seeking more opportunities in the Bayou City. The 252-unit Cypress Ridge project, 2331 Bammelwood in north Houston, from CrestMarc of Dallas. “We like the diversity of the economy in Houston and think it is a great time to invest there,” ... Read More »

Don’t Mess with Texas Realty: Q&A With Vicki Fullerton, Chair, Tx Realtors Assn.

(By Dale King) HOUSTON – Realtor Vicki Fullerton, a broker associate at RE/MAX The Woodlands & Spring, took the stage at the Texas Realtors Conference in Galveston last month to take on the duties of chairman of the Texas Association of Realtors. The 38-year residential real estate veteran told Realty News Report during an interview that home builders “can’t keep up” ... Read More »

Houston’s Home Sales are on a Record-Setting Pace, HAR reports

HOUSTON – Houston’s home sales are on a record-setting pace this year. With three quarters of 2016 in the record books, Houston single-family homes sales are running ahead of last year. Year-to-date through September, home sales are up 1.3 percent over the comparable nine-month period of 2015, according to the Houston Association of Realtors. “With home sales ahead of where ... Read More »

CVS Pharmacy Leases Space in New 40-story Downtown Residential High-Rise

HOUSTON – Woodbranch Investments Corp. announced that CVS Pharmacy will be the first retailer located in Market Square Tower, the new 40-story high-rise multi-family apartment building, the tallest residential tower in downtown Houston.. Located at 777 Preston St. in Downtown Houston’s Theater District, the high-rise apartment tower has 463 units. The new 13,000 SF CVS new store will be located ... Read More »

Texas Attracting Huge Numbers of International Homebuyers

(By Dale King)  International purchasers of homes in the United States added more than $10 billion to the Texas economy from April 2015 to March 2016, says a report prepared by the Texas Association of Realtors. Commenting on the findings, a major real estate firm in Houston said the reasons given by foreign buyers acquiring homes in the U.S. generally ... Read More »

Is Houston Heading for a Record Year in Home Sales?

HOUSTON — The Houston residential real estate market, defying the weak job growth in the local economy, is outpacing the sales pace of 2015. Although sales were off in July, on a year-to-date basis, home sales are still up about one percent compared to this point in 2015, according to the Houston Association of Realtors. According to the latest monthly ... Read More »

Better Homes & Gardens/Gary Greene Opens Two More Houston Offices

HOUSTON– Better Homes and Gardens Real Estate Gary Greene, a large Houston residential brokerage firm has opened two new sales offices. The firm’s new Conroe sales office at 3401 W. Davis Street will be staffed by 35-40 agents. The 3,032-SF sales office is near Wroxton Drive and Conroe High School. Gary Greene’s new Fairfield office at 15103 Mason Road which ... Read More »

Commercial Development Begins in Midway’s Memorial Green with Six Tenants Signed

HOUSTON – Midway, a Houston-based real estate development and investment firm, has signed six commercial tenants in Memorial Green, an upscale village of custom homes, shops and office space on Memorial Drive in west Houston. Memorial Green will feature 91 single-family luxury urban homes, a central green plaza and gated community parks, 50,000 square feet of Class-A office space with ... Read More »

Houston Housing Market Ekes Out a 2.2 Percent Gain, the First Since Sept.

HOUSTON — The Houston real estate market eked out a 2.2 percent gain in single-family home sales in February, the first gain since in sales volume since September of last year, the Houston Association of Realtors reported Wednesday. The association reported that the softness in the Houston market appears to be focused on the upper-end homes. Single-family homes priced between ... Read More »

CBRE Sells North Texas Multifamily Project

DALLAS  – CBRE Capital Markets’ Investment Properties handled the sale of Fox Hollow Apartments, an 86-unit multifamily community in Grand Prairie, a community near Dallas. Milwood Apartments, LLC purchased the asset from Fox Hollow Apartments, LLC for an undisclosed price. Chris Deuillet with CBRE’s Dallas office represented the seller. The 85,152-square-foot asset is located at 1008 S. Beltline Road in ... Read More »

Economists See Home Building Surge Coming: Realty News Report @ IBS in Las Vegas

LAS VEGAS – Home starts will rise about 18 percent in 2016, followed by a 30 percent increase in 2017, according to a forecast by David Crowe, chief economist of the National Association of Home Builders. An improving economy, generally steady job growth and increasing consumer confidence are helping to bring buyers back into the marketplace, said economists speaking at the recent NAHB International ... Read More »

The Impact of Low Oil Prices on Houston Single-Family: Q&A with Mario Arriaga, 2016 Chairman Houston Assn. of Realtors

HOUSTON – With oil prices on an almost daily decline, these are trying times to be in the real estate business. The Houston real estate market has changed, as has the city’s number one industry – energy.  Falling from more than $100 a barrel to less than a third that amount today, the price of oil is hitting low prices not seen ... Read More »

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