Monday , 21 October 2019
Breaking News

Category Archives: Residential

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 »

Houston Homes Sales Fall 10.5 Percent; Prices Decline

HOUSTON — Houston home sales fell 10.5 percent in November as declining oil prices, slow job growth and a weakening in the local economy hurt sales. The Houston Association of Realtors reported 4,595 single-family homes were sold in November, down from 5,135 sales in November of 2014. The slowdown brought on the first decline in home prices since February 2012. ... Read More »

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 »

Scroll To Top