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Tag Archives: Matthew Deal

Parks Can Give a 20 Percent Boost to Property Values, Valuation Firm Reports

HOUSTON – Parks and trails systems deliver significant value to properties near the public green spaces, a Houston valuation firm reports. “Properties located adjacent to one of Houston’s premier parks typically receive more than a 20 percent positive impact in value because of their proximity to these outstanding public spaces,” says Matthew Deal, principal of Deal Sikes & Associates. “Quality ... Read More »

South American Investor Buys Retail Center on Houston’s East Side

HOUSTON – The Fairmont Parkway Shopping Center has been acquired by a South American buyer, according to Transwestern. The 172,002-square-foot power center is located at the intersection of Beltway 8 and Fairmont Parkway in Pasadena, on the east side of Houston. Transwestern Senior Vice President Micha van Marcke; Director Paul Barile; Director Janice Sellis; and Chace Henke represented the seller, ... Read More »

Texas Property Tax Appraisal Methods Often Fail to Reflect Market Value

HOUSTON — The Harris County Appraisal District, and other agencies that appraise private properties for tax purposes, have increased property appraisals sharply using mass appraisal methodology that often fails to reflect actual market value for commercial properties, according to the Deal Sikes & Associates real estate valuation firm. “HCAD’s mass appraisals tend to be inconsistent and we often see a ... Read More »

Major Texas Estates Planned by Deal Sikes

HOUSTON – Deal Sikes & Associates, a Houston real estate valuation firm, completed estate portfolio evaluations involving over $1 billion in real estate for high net-worth families in 2014. The portfolios, owned by several affluent Texas families, included a variety of properties comprised of raw land, commercial buildings, urban tracts, multifamily, hotels and various residences. “Deal Sikes has provided valuation ... Read More »

Rotation 2015: Momentum Shifting to Suburbs

HOUSTON – The Inner Loop and urban parts of Houston have been on a roll for several years. Construction cranes have been prominent on the skyline as new office buildings and high-rise residential towers have been going up. There are exceptions, of course, but Houston growth patterns are shifting. The new hot zones are going to be in Houston’s suburbs ... Read More »

DATELINE HOUSTON: Oil Prices and Real Estate

HOUSTON – Texas real estate will be unscathed by the significant decline in oil prices this fall, although the topic is getting a lot of buzz in Houston, known as the “Energy Capital of the World.” Oil prices are a sensitive topic here. Houston was the place where the battle cry of the business community once was “$90 in ‘90” ... Read More »

Prices for Retail Land Surging as Houston’s Inner Loop Population Grows

HOUSTON – Growth in the Inner Loop of Houston has set the stage for a significant price surge – perhaps more than 50 percent — for shopping center development sites and parcels that can be re-adapted for retail use, according to the Deal Sikes & Associates valuation firm. “Land for urban retail development close to downtown is in high demand ... Read More »

Apartment Land Prices Double in Texas

HOUSTON – Apartment developers are paying higher prices to acquire sites for new projects. Prices for multi-family development sites in major Texas markets, such as Houston, Dallas and Austin, have doubled since the beginning of 2010, according to Deal Sikes & Associates, a Houston-based commercial real estate valuation firm. Since vacant land is a rarity in these popular infill locations, ... Read More »

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