Five to six million new renter households may be created within the next 8 years, caused from low inventories of homes available and tight credit conditions, according to the Bipartisan Policy Center. Rental demand is expected to particularly increase among seniors looking to downsize their homes, as well as young adults and a growing immigrant population. “We expect to see an increase in househol...
Texas Governor Rick Perry has directed the Texas Land Office to be the lead agency for the management of the state's hurricane recovery efforts.The land office, which is responsible for managing public lands, administers U.S. Department of Housing and Urban Development grants to disaster areas, bringing more accountability to the state's hurricane relief efforts.During hurricanes ...
When a Walmart comes to town, critics have long argued that the big-box discount retailer has the potential to lower nearby home values. Researchers decided to test that theory to see if there really is a “Walmart Effect” when it comes to home values. What they found: Nearby Walmart stores can actually drive up home prices. Economists Devin Pope at University of Chicago and Jaren Pope at Brigham Y...
Do you know anyone who is relocating to Tomball, Cypress or Woodlands
area? Do you know anyone who is waiting for their home but it won't be ready before school starts. Consider 12823 Mossy Ledge-4 Bedroom/3.5 Bathroom /3 car tandem garage is now available for 1 year or short
term lease. Home is zoned to Tomball Memorial High School. Home shows like a model with 3,239 sq.ft. ...
The commercial real estate outlook in Texas continues to look bright, with modest gains in leasing, rents, and pricing forecasted in PwC US and the Urban Land Institute’s latest report, “Emerging Trends in Real Estate.”The commercial market is moving forward “bit by bit,” says Stephen Blank, ULI’s senior resident fellow for real estate finance. “Nothing indicates a quick turnaround for commercial ...
More lenders are allowing home owners in default to stay-put in their homes longer--and even negotiating special arrangements with them, such as the lender paying the home insurance if the home owner pays the utility costs, The New York Times reports.
Why the postponement? Banks don’t want the cost of maintaining more homes on their books. Many municipalities are forcing banks to better mai...
Despite continued rental demand and apartment construction boom, a report from UCLA’s Ziman Center for Real Estate suggests that the increase in apartment construction likely only has another year before it starts waning. Previously falling home prices and a rise in foreclosures caused demand in the single-family housing market to shrink in recent years while demand for rental units soared. T...
More home owners who are afraid that they won't be able to afford getting back into a certain hot market if they sold today, are opting to rent out their homes. But some “accidental landlords” are now having regrets.
The number of formerly owned-occupied homes turned into rentals has soared in recent years, according to Harvard's Joint Center for Housing Studies. Nearly 25 percent...
As it continues to boost its Houston-area presence, Chevron Corp. has
signed an agreement to buy 103 acres off the Grand Parkway and Clay
Road in Katy.
The land gives the company “future research and development
facilities flexibility,” spokesman Justin Higgs said. “No specific use
or employee decisions have been made,” he added.
The deal cements Chevron’s commitment to...
Exxon Mobil Corp. has sold a Greenspoint office building to a joint
venture between Stream Realty Partners and New York-based
AllianceBernstein U.S. Real Estate Partners.
The building, Eight Greenspoint
Plaza, contains 198,257 square feet, and the new owner will lease the
building back to Exxon Mobil for a time. Stream declined to say how long
explosive job and population growth in the area north of Houston, a
$100 million medical facility will be developed near the Exxon Mobil
campus.CHI St. Luke's Health has announced it will develop a $110 million
medical facility near the Exxon Mobil campus and just south of its
hospital in The Woodlands, a testament to the explosive job and
population growth in Houston.
Transwestern has been hired to market a 203,316-square-foot office building to be developed at Mid Main, a mixed-use project slated for a burgeoning site along the light rail line in Midtown Houston.
Once tenants are secured, the project will break ground at 3501 Main,
Transwestern announced. The building, which will include
a 545-space parking garage with 9,716 square feet of ...
A study from Biz2Credit.com has ranked Houston at No. 15 in its 2014 list of The 25 Best Small Business
Cities in America report. Biz2Credit used average annual revenue,
credit score and age of business to create an index of the 100 largest
metropolitan statistical areas.
Houston beat out other Texas cities in the overall ranking, but lost
out to Dallas — No. 18 — in average annual r...
While the legalization of medical and recreational marijuana use is making it more difficult for landlords
when it comes to what kinds of rules they can impose against pot
smoking, it is an even cloudier issue for single-family property
“When people are renting a single-family home, they really do look at
it as their home — it’s not just an apartment,” Fred Prassas, GRI, CPM,
Retrofitting old office buildings can reduce their energy usage and make them more desirable for commercial customers. It also can cut down on greenhouse-gas emissions since commercial real estate is responsible for 20 percent of U.S. energy use, environmentalists say.Among the recent high-profile buildings which underwent energy updates are the Empire State Building and the Willis Tower, for...