NAIOP honors Houston real estate professionals
2008-03-03 11:17:00
Top real estate professionals were honored Tuesday night at the Houston
Country Club by the Houston Chapter of the National Association of Industrial and Office Properties during the group's annual awards presentation.Louis Cushman with Cushman & Wakefield of Texas Inc. was named Office Broker of the Year, while Billy Gold with CB Richard Ellis Inc. was named Industrial Broker of the Year. The brokers were selected for their leadership, community service, professionalism and production during the last year.
Investors Move In As Overall Market Inventory Increases
2008-02-25 05:27:00
The Houston real estate investor market heated up in January. December's 83 listings were a low point for the wholesale market, but investors added another 52 deals, making a total of 135 deals in the first month of 2008.In January, 40 listings sold, up from only 19 properties in December.That according to an analysis of Houston Real Estate wholesale listing site MyHouseDeals.com.In December, that left 64 up for sale and in January, that number grew to 95 homes.
Read more: Investors
, Overall
, Market
, Inventory
Houston-area market sees a decline in home prices and sales
2008-02-20 03:56:00
Experts linked the slowdown to a tightening in subprime lending, combined with consumer jitters about a possible recession, an uncertain presidential election and a national real estate crisis.Some would-be home buyers are "taking a bit of a wait-and-see approach," said Mike Gray of Exit Complete Realty. "They think they may get a better deal or that rates are going to go lower."Single-family home sales in the Houston
area fell 12 percent last month compared with a year earlier, the Houston Association of Realtors reported Tuesday. Realtors sold 3,620 homes through the Multiple Listing Service.
Invesco Sells City Park East in Houston
2008-02-16 12:04:00
Dallas-based Invesco Real Estate sold City Park East, a 882,232-square-foot portfolio of five industrial buildings in Houston
, to an unnamed pension fund advisor. The exchange was made free and clear of debt.The portfolio includes five properties at 8503, 8607, 8609, 8711 and 8833 City Park Loop on 36 acres. Exel Logistics, a 20-year tenant, fully leases the property. The logistics firm recently signed a 472,600-square-foot lease renewal at 8833 and 8711 City Park Loop. For more on the renewal, see Exel To Stay in Combined 472,600 SF.
Over the long term, the outlook for Texas is bright
2008-02-11 17:01:00
Real estate agents and brokers applauded when Gaines said that Texas
is the fastest-growing state in the country. "From 2000 to 2007, Texas added a little ...Despite sub-prime mortgage issues and concerns over the national housing market, data indicated that the Houston, Texas real estate market is holding its..
Houston Real Estate Investing Trends Report
2008-02-05 17:05:00
Despite sub-prime mortgage issues and concerns over the national housing market, data indicated that the Houston
, Texas real estate market is holding its own.In an effort to provide a more in-depth look into the housing market in Houston, the 2008 Houston Real Estate
Investing
Trends
report analyzed over 10,000 single family home sales in the Central Houston area since 2002.
Houston Homes Prices Continue to Rise Despite National Housing Crisis
2008-02-02 03:24:00
"As we continue to hear the stories of "gloom & doom," it's really important to understand what the local market trends have been so that buyers & sellers can make the appropriate decisions when it comes to a real estate transaction," said Paige Martin, Houston
Realtor with Martha Turner Properties.
Read more: Homes
, Prices
, Continue
, National
, Housing
, Crisis
Would more housing rules raise Houston costs?
2008-01-28 00:28:00
A group of developers, builders and others fighting to preserve Houston
's freewheeling approach to growth and development often cites Portland as a prime example of the problems caused by excessive regulations.The central argument advanced by the group, Houstonians for Responsible Growth, is that every new rule adds costs that are passed on to consumers, gradually eroding the competitive advantage they say Houston enjoys because of its low housing prices.
Read more: raise
Record Year for Houston Real Estate Doesn't Resonate, Whopping Decline in Sales
2008-01-22 15:05:00
With volume softening, a near collapse of the affordable property market, Houston
realtors were surprised to read their association's recent pronouncement:The year 2007 shaped up to be one of the best on record for property sales in Houston.Realtors can succeed in this environment by catering to the high-end. The liquidiy crisis affecting large banks and their investors is hitting the average middle-class homeowner the hardest.
Read more: Estate
, Record
, Decline
, Sales
, Real Estate
Houston, Texas Has An Exciting New Internet Portal For Real Estate
2008-01-21 10:12:00
Houston, Texas
– Real Estate
Brokers Meg and Jim Zoller with The Zoller Group and Keller Williams Realty offers to Houston real estate consumers the ultimate online real estate resource with the recent unveiling of their new blog site at FineHomesHouston.com/Blog. This beautifully designed new Houston real estate blog site was developed by Dakno Marketing of Raleigh, NC.
Read more: Houston
, Internet
, Portal
Don't hobble Houston with land planning
2008-01-21 01:57:00
The national real estate firm Coldwell Banker reports that, in 2007, a Houston
family could buy a four-bedroom, two-and-one-half bath, 2,200-square foot home for $170,000. The same house would cost more than twice that much in Portland and more than eight times as much in San Jose.Such huge variations in the cost of housing from city to city did not exist 50 years ago. Today, they are mainly due to artificial housing shortages created by heavy regulations and land-use planning
.
Westheimer's High Street 'is real'
2008-03-10 04:07:00
Trademark Property Co. has locked in financing for High Street
, the $105 million real estate development designed to include apartments, shops and offices in an urban, walkable setting east of the Galleria.Investment management firm Coventry Real Estate Advisors of New York has joined the deal as an equity partner, and Kosene & Kosene Residential of Indianapolis is partnering as the residential developer."We're financed. We're under construction. It's real," said Terry Montesi, founding partner of Trademark Property, a Fort Worth-based developer.This is the second high-density, mixed-use project to start construction in recent months.Work has begun on Ed Wulfe's BLVD Place on Post Oak Boulevard and San Felipe, and the first phase is expected to open by the end of the year.Other than Whole
Read more: High Street
At some of downtown Houston’s most desired addresses, high-rise condos sit empty
2008-03-17 05:48:00
Parts of suburban Houston
and other outlying communities have also witnessed rising foreclosure rates and falling home prices. For example, a 24,000-square-foot mansion in The Woodlands appraised at more than $7 million recently sold for roughly a third of that price.For buyers like Dennis Murland, a long-time real estate investor, new foreclosures bring new opportunities.
Read more: addresses
Inventory In Houston Real Estate Market Continues to Rise
2008-03-25 03:51:00
Michael Levitin is set to preside over a dismal year in Houston
Real Estate
if For Sale signs keep popping up.We assure you, its not his fault.But the decline in sales continued for a sixth straight month in February according to the recent report released by the Houston Association of Realtors.Sales are down but not as bad as they were last month.
Read more: Inventory
, Market
Houston good for real estate investors
2008-04-05 17:39:00
HomeVestors of America, Inc. has ranked Houston
as the second-best market in the United States for real estate investing in the first quarter of 2008.Dallas took the No. 1 spot while Fort Worth was ranked fourth and San Antonio was ranked seventh.HomeVestors, the company famous for its "We Buy Ugly Houses" billboards, bought more than 34,000 homes in the U.S. over the past 11 years and based the findings on the number of houses bought in each market by the franchise network in the first quarter of 2008.
Harbor Group buys Houston land from baseball player
2008-04-17 05:25:00
US-Israeli real estate investment firm Harbor
Group
International LLC has bought three residential communities located near the NASA Johnson Space Center in Houston
for $41.2 million from a well-known baseball
player
. The company declined to disclose his name.The communities have 920 homes altogether. Harbor Group will invest an additional $3.2 million in renovations. The company said that the seller had purchased the properties in 2006, but decided to sell them at a loss because he was unable to manage them.
Zoning's not the issue in Houston
2008-05-09 19:49:00
Only 23 percent of residents think "more land-use planning would be bad for Houston
because it will slow economic growth and increase the cost of housing." On the other hand, 61 percent say "More land-use planning would be good for Houston because it will improve the region's quality of life and long-term prosperity." That is, even considering possible negative outcomes, most of us consider planning beneficial.But the question that has stirred debate was "Are you in favor or opposed to zoning in Houston — that is, citywide control over the uses of the land in different areas?" Fifty-four percent favored this idea, 29 percent did not. Almost twice as many favor zoning as oppose it.
Read more: issue
Houston broker elected to lead global real estate association
2008-06-19 08:10:00
Lisa Kurrass, chairwoman of Real Estate Connection International, has been elected president of the International Real Estate Federation.She is the first woman president in the organization's 60-year history.Kurass will assume the top spot in May 2009 at a Beijing ceremony and will operate from her Houston
offices.
Read more: association
Strong Houston Economy and Demand for Waterfront Homes
2008-07-10 16:25:00
Houston-based real estate developer, Historic Real Estate Inc., introduced its newest development this week, The Peninsula Clear Lake(TM). The Peninsula is a private Mediterranean-styled, waterfront village featuring 35 single-family homes and homesites and four family compounds with direct channel access to Clear Lake, Galveston Bay and the Gulf of Mexico."This is a very rare development," said R
Read more: Strong
, Houston
, Waterfront
, Homes
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