Houston’s housing market is set to grow in 2012. According to the latest data issued pay Greater Partnership Research Department, the City of Houston issued construction permits valued at $356.2 million in January only. This value is up 73.2% from a year ago, when they issued construction permits valued only $205.7 million. The biggest share [...]
The Allen Stanford company’s former corporate headquarters got a new lease after sitting a long while empty. As the owner faces trial in a Houston courtroom, the fate of his company’s property was cloudy until a couple days ago, when a local Keller Williams Realty office has announced its plan to lease the second floor [...]
The a 202,000-square-foot office building has now a new owner Parmenter Realty Partners, based in Miami. The company has paid hard cash to own the real estate located at 2200 West Loop South from KBS Real Estate Investment Trust Inc. although the amount was not disclosed. The commercial real estate is adjacent to the Intercontinental [...]
The RoomStore has scheduled bankruptcy liquidation sales at all five of its stores in the Houston area. The company once retained the title as the largest furniture chain in Texas, but those days are gone now. After several months of fighting for survival, the Dallas-based retailer filed for Chapter 11 bankruptcy protection in December last [...]
The 42-year-old Greenbriar Chateau was sold recently and now the tenants face the harsh reality of moving out from the real estate they called home for some while now. According to the notice signed by Kaplan Management, the new owner of the building, the tenants got on January 30, the 145-unit complex must be left [...]
The name of Muffin Man might sound familiar to many, but of course there are some who are trying to forget this name. What connects the Muffin Man and the distressed housing market? Well, the simple fact that the former owner of the muffin restaurant in Houston known as the yellow 1940 American foursquare at [...]
The condominium owned by Linda Lay, widow of former Enron Corp CEO Key Lay hit the market once gain, after it was pulled back from the listing. The luxury real estate was removed from the multiple listing service for a few days so the seller can put it on the market without showing that the [...]
Houston area home sales are continuing the upwards trend as the volume of single-family home sales is for seven month in the row, including December. Last month Houston area home sales jumped 4% compared to a year ago. The total number of single family homes sold in 2011 was supplied by the Houston Area of [...]
Houston-area housing market closed a strong year compared to 2010, according to Houston Association of Realtors’ data. Total sales in the area went up 4% compared to a year prior, at 53,606 homes changing owners, bringing the median price paid for a property up 0.7% to $155,000 for 2011. “We spent a good part of [...]
The 344,295-square-foot Plaza at Enclave is now in the ownership of an Israeli company, who purchased the Class A building for approximately $107 million. The payment was sent to CORE Realty Holdings, who was the former owner of the asset, while GlobeSt reported that the new owner is Azrieli Group Ltd. Plaza at Enclave hosts [...]
