Houston-area single-family home inventory dropped to its lowest level since January 2010, according to Houston Association of Realtors’ latest report. The latest statistics released on Tuesday by HAR shows that the area had a healthy 6.2 months supply of homes for sale in November, which means it would take this amount of time (6.2 months) [...]
Houston recorded its highest paying real estate transaction: the Hess Tower located in the heart of the city was sold for $442.5 million, or the highest price per square foot for an office building. The sellers who sold the 29-story building are Trammell Crow Co and Principal Real Estate Investors to H&R Real Estate Investment [...]
Low- to moderate-income homeowners, displaced by the Hurricane Ike now have a chance to move in another location with the help of a new housing program. The Galveston News reported that earlier in December the city council has given green light to $4 million of housing Community Development Block Grants for the Homeowner Opportunity Program, [...]
The heart of Galveston will go through a change which will bring more apartments for future homeowners, as the historical Jean Lafitte Hotel is slated to become an apartment building. ITEX Group, a Port Arthur-based real estate investment company will spend $12.5 million to renovate the 1920s era building and transform it into an 85-unit [...]
Brookfield Residential Property Services, a global real estate and relocation firm from Canada acquired Prudential Real Estate & Relocation Services, the company announced Thursday. The Houston based Prudential Gary Greene is an independently owned franchise of Prudential Real Estate & Relocation Services an arm of the Prudential Financial Inc. company. According to Houston Business Journal, [...]
A Commonwealth property located in a neighborhood comprised of mostly high-rise homes was listed on the auction block for $2,780. The property ended up on the listing because of a judgement to the home owners association. According to Fort Bend Star the property was listed on the Fort Bend County Precint 4 Constable Property Sales [...]
The sprawling 1,000 acre Pointe West report property in Galveston was purchased by Cypress Real Estate Advisors for $1 million in a foreclosure auction. According to the information published by the Galveston County Daily News the sole bidder for the property was its new owner, Cypress, an Austin-based company. Sources say Cypress is the second [...]
Hess Tower located in the heart of Houston was purchased by a Canadian real estate investment trust for a price that questions the housing crisis: $445 million, the Real Estate Alert has learned. The record transaction was between Trammell Crow Co., Principal Real Estate Investors, the building’s current owners, who agreed to sell the tower [...]
