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Tag Archives: Houston

New Hope Housing Prepares for Eastward Exodus After Selling Its Downtown Property to Astros Owner Jim Crane

HOUSTON — (By Dale King) – After selling its downtown property to Astros owner Jim Crane, New Hope Housing is preparing for an exodus to a new facility on the eastern edge of downtown Houston. Building the new 175-unit complex is just another step in the organization’s relentless drive to fulfill its mission. Nearly a quarter-century ago, New Hope Housing ... Read More »

Skanksa’s New Downtown Tower Solidifies Firm’s Houston Activity: Q&A with Skanska’s Matt Damborsky

HOUSTON – Bank of America is poised to become an anchor tenant in Skanska’s proposed Capitol Tower office building in downtown Houston, where vacancy rates have been rising and Hines is delivering a new 1 million SF tower in the first quarter. The Skanska site is bounded by Capitol, Rusk, Milam and Travis streets. The foundation for the new tower ... Read More »

Future Trends in Houston Real Estate: Q&A with Mark Sikes of Deal Sikes & Associates

Houston economy is moving toward a recovery as oil prices rise and activity ticks up in the oil fields. The city’s continued population growth creates traffic issues and pressures city leaders to consider public transit solutions. Many institutional investors spurn the Houston office market, which faces rising vacancy rates. Houston’s single-family market shows remarkable strength while upscale multifamily struggles. Real ... Read More »

Houston Struggles to Digest 27,400 New Apartment Units in 2016; More Coming in 2017

HOUSTON  (By Dale King)  – Diversity in the city’s job market is helping to spur demand for ‘working class’-style apartments in Houston this year, despite continued drag on the economy from oil and gasoline sectors where employment and financial growth have been stifled by falling commodity prices, says a multifamily market study for the final quarter of 2016. That same ... Read More »

Houston Economist Bill Gilmer’s Forecast: 2017 Will Be No Winner

HOUSTON – Sobering predictions came out of the Institute for Regional Forecasting Fall Symposium Thursday by Houston economist Dr. Bill Gilmer of the University of Houston. Gilmer, in a presentation before hundreds at the Hyatt Regency hotel ballroom, said Houston has been moving through a mild recession that has been obscured by a revision in governmental reporting of job growth. ... Read More »

Why the Media Missed Trump’s Win: Tucker Carlson of Fox News Tells Transwestern

HOUSTON – The election of Donald Trump was unexpected in the polls and by a political press that largely favored Democrat Hillary Clinton, according to Tucker Carlson of Fox News. Trump’s victory was unforeseen in most newsrooms because the media is isolated from much of the mainstream core of American voters, Carlson said in Houston Wednesday night in a speech ... Read More »

Houston Ranks No. 2 and Dallas No. 1 in National Housing Starts YTD

HOUSTON – Houston ranks No. 2 in the nation in housing starts, behind only the national homebuilding leader, Dallas, according to third quarter statistics from Metrostudy. Through three quarters of 2016, Houston recorded 25,800 starts, a decline of 3,000 starts from the comparable period of 2015. “Houston’s housing market continues to prove to be resilient given the prolonged turbulence in ... Read More »

Camden: Suffering Houston Apartment Market Braces for Surge in Fourth Quarter Deliveries

HOUSTON – The Houston apartment market, where 23,000 new units will be delivered in 2016, is getting softer, according to Camden Property Trust, a Houston-based apartment REIT with major multifamily holdings in the city. “We do expect further weakening in Houston in the fourth quarter,” said Camden President Keith Oden, in a conference call last week with securities analysts. “In ... Read More »

Enough Already – 2016 Record Year for Houston Apartment Construction

(By Dale King) HOUSTON – A third quarter report on the status of multifamily unit construction and occupancy in Houston says a record number of apartments is hitting the local market this year, most of them during the second half of 2016. And while this may look good in the Guinness Book of World Records, it’s not so good for ... 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 »

Crescent Fund Buys Six Multifamily Projects

FORT WORTH — Crescent Real Estate LLC, a Fort Worth-based firm led by John Goff, used its recently established investment fund to acquire six multifamily properties, including the RiverBend Apartments in the Houston area. The 192-unit RiverBend Apartments are located on Wesley Drive in League City, southeast of Houston near Interstate 45. Acquired by Crescent through “off-market” deals, the multifamily ... Read More »

Trademark Developing Westside Town Center on I-10

HOUSTON – Trademark Property Co., a Fort Worth-based developer specializing in mixed-use and retail, has agreed to develop an 82-acre town center on property owned by Westside Ventures Ltd. at the northwest corner of Interstate 10 and Mason Road in Katy, west of Houston. The first phase of project, covering 60 acres, will include retail, multifamily, office space and a ... Read More »

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