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Category Archives: Residential

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 »

Groundbreaking Held for 2,700-Acre Meridiana South of Houston

MANVEL, Texas – A groundbreaking ceremony has been held at Meridiana, a planned 2,700-acre community on Highway 288, south of Houston, near Highway 6. Meridian developer Dan Naef, president of Rise Communities, is also developing Cane Island in the Katy area west of Houston. Ultimately, Meridiana will offer 5,500 new homes, creating an additional $1.5 billion in assessed value. Work ... Read More »

New Home Sales Up 30 Percent for D.R. Horton

FORT WORTH – D.R. Horton, the largest home builder in the nation, reported it sold 11,135 homes in the quarter ending March 31, up 30 percent from 8,569 sales in the comparable period of 2014. Sales for the quarter totally $3.2 billion, up 33 percent from the comparable quarter of last year. “The spring selling season at D.R. Horton is ... Read More »

3,100-Acre Master Planned Community Near Austin

GEORGETOWN, Texas– Santa Rita Ranch, a 3,100-acre master-planned community in Georgetown, near Austin, will hold its grand opening in April. The project is developed by Mariner Real Estate and Ed Horne. Home builders will include David Weekley, Castle Rock Homes, Wilshire Homes, Pulte Homes, Westin Homes, Ryland Homes, Scott Felder Homes, Grand Haven Homes and Highland Homes. Read More »

Japanese Builder Acquires 3,400 Acres to be Developed by Newland

AUSTIN – A Japanese builder has acquired the remaining land in master planned communities in Austin, Dallas and Denver – some 3,400 acres from Wheelock Street Capital. The acquired acres will yield more than 4,600 single-family lots and 125 commercial acres. The buyer is North American Sekisui House, a subsidiary of Japanese builder and developer Sekisui House Ltd. The firm ... Read More »

Home Sales Up 35 Percent at D.R. Horton, the Nation’s Largest Builder

FORT WORTH – D.R. Horton, the largest builder in the nation, reported a 35 percent increase in home sales in its first quarter, compared to the first quarter a year earlier. D.R. Horton’s net sales orders for the first quarter ended December 31, 2014 increased 35% to 7,370 homes and 40% in value to $2.1 billion, compared to 5,454 homes and $1.5 ... Read More »

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