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Category Archives: Residential

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 »

The Tallest Condo Tower in Texas: Construction Begins

AUSTIN – A groundbreaking was held Monday for The Independent, a 58-story condominium that will be the tallest residential tower in Texas. The project will have 370 condos priced from the mid- $400,000s to $3.4 million. The site is at the northeast corner of West Third Street and West Avenue, next to Shoal Creek. The Independent is developed by two ... Read More »

Playboy Mansion For Sale for $200 Million; But Hugh Hefner to Remain for Life

 By Lauren Beale LOS ANGELES – In the uber-wealthy circles of Los Angeles, where residential real estate prices frequently involve one-upmanship, asking figures have reached as high as $195 million … until now. The storied Playboy Mansion — the sometimes party palace, work place and home of media magnate Hugh Hefner — is up for the taking at $200 million.   ... Read More »

Magic Johnson Fund Sells Stake in Austin City Limits Theater and W Hotel

AUSTIN – A Magic Johnson investment fund has sold its stake in the W Austin Hotel and the Austin City Limits theater for $187.2 million. Austin-based Stratus Properties Inc. bought Canyon-Johnson Urban Fund II interest in the downtown Austin property. Stratus Properties announced Monday that it had completed a refinancing of the W Austin Hotel & Residences and Austin City ... Read More »

New Rent House REIT Owns 30,000 Single-Family Homes

SCOTTSDALE, Ariz. – Starwood Waypoint Residential Trust and Colony American Homes have completed a merger, forming a REIT with 30,000 rental houses and a combined asset value of $7.7 billion. The renamed firm – Colony Starwood Homes – will trade under the ticker symbol “SFR” on the New York Stock Exchange. “The company owns approximately 9,000 homes in Florida, 5,700 in Georgia, 5,000 ... Read More »

Surge Homes Starts Three Residential Projects in Houston’s Inner Loop

HOUSTON – Surge Homes has started three urban residential developments in the Inner Loop of Houston, offering single-family homes, townhomes and condominiums. The three new projects are: Upper Richton in Upper Kirby, Museum Blvd. in the Museum District, and Parc at Midtown in Midtown. They are currently undergoing site development work, including the demolition of old structures; site clean-up; and the construction of ... Read More »

Land Tejas Starts Homebuilding in 2,000-Acre Texas City Project

TEXAS CITY – Home building activity has begun in Lago Mar, a 2,033-acre master-planned community in Texas City, southeast of Houston. Lago Mar began with commercial development – the Tanger Outlet Mall, a Bucees, and a 35-acre Adventure Pointe theme park. Lago Mar, developed by Land Tejas Cos., a Houston firm led by Al Brende, is located on the west ... Read More »

The Ongoing Impact of Cheap Oil: a Q&A with Trendmaker Homes’ Will Holder

HOUSTON – Will Holder has spent some four decades in the home construction business, the last 22 years at Trendmaker Homes, where he is currently president. The 2012 president of the Greater Houston Builders Association, Will recently developed and taught a graduate level real estate course in The University of Houston’s Bauer College of Business, Graduate Real Estate Program. Trendmaker ... Read More »

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