Prudential Sells Conti Organization 176 Unit Villa Ana Apartment Building
4/23/2010-Houston multifamily real estate market: In a recent multifamily real estate market transaction Prudential sells the CONTI Organization the apartment building formerly known as Star Crossing for $3.4 million. The 176 unit Villa Ana is located at 10101 West Sam Houston Pkwy in a neighborhood just four miles from major employment centers. The property has [...]
Houston Industrial Real Estate Market Absorption Report For 1Q 2010
4/22/2010-Houston Industrial Real Estate Market Report: The Houston industrial real estate market brags more positive news as it saw a positive net absorption in the first quarter of 2010, making it the second quarter in a row the Houston metro area decreased available industrial real estate inventory. A total of 974,160 square feet of industrial [...]
Houston Industrial Market Development And Expansion In Greenspoint
4/22/2010-Houston Industrial Real Estate Market News: The Greenspoint District is rapidly becoming one of the most popular places for Industrial development and leasing activity. The area was recently named one of the five top locations in the nation for logistics companies. Located right off of I-45 and Beltway 8/Sam Houston Tollway, Greenspoint is only a [...]
Number Of Foreclosures Expands In Harris County But That May Not Be All Bad
4/20/2010-Houston housing market news:
As part of the Houston housing market Harris County is the largest and most populated county in the Houston metro area. According to Foreclosure Information and Listing Service, Harris County posted 1,180 properties as foreclosures in April of 2010. This is a 6.2% increase from March of 2010. Four the first four [...]
Harris County Foreclosure Report For March 2010
4/20/2010-Houston housing market news: As part of the Houston housing market Harris County is the largest and most populated county in the Houston metro area. According to Foreclosure Information and Listing Service, Harris County posted 1,180 properties as foreclosures in April of 2010. This is a 6.2% increase from March of 2010. Four the first [...]
March Job Gains For Houston Are First Seen Since 2007
4/20/2010-Houston Real Estate Market News: The Houston metro area added 14,800 nonagricultural jobs in March, which was the areas first employment increase since June of 2007, according to figures from the Texas Workforce Commission.
Of the 14,800 jobs added in March, 4,300 of them were gained in the trade, transportation and utilities sector. And the [...]
Houston 2010 First Quarter Commercial Real Estate Market Report
4/19/2010-Houston Commercial Real Estate Market: Grubb & Ellis has released the First Quarter 2010 edition of its Office Trends Report and it looks as though all parts of the Houston metro area are experiencing some softness as every covered submarket has a vacancy rate in excess of 12%.
Submarket*
Total SF
Vacant %
SF Under
Construction
Asking Rent
Class A
CBD
35,345,454
12.2
1,817,237
$36.54
Far Southwest
6,421,985
19.2
-
$16.00
Greenspoint [...]
Houston 2010 First Quarter Industrial Real Estate Market Report
4/19/2010-Houston Industrial Real Estate Market: According to Grubb & Ellis’ First Quarter 2010 edition of its Industrial Trends Report. close in industrial property is the hottest class of investment real estate. With the highest vacancy rate being just 6.4% in the Northwest near market and as low as 2.3% in the Southwest near market.
Submarket*
Total [...]
It Looks As Though Credit Markets Are Starting To Thaw
Credit Crisis Shows Early Signs Of Retirement
The video above is a clip of a live CNBC financial news story. The video discusses how it looks as though things will be improving in the arena of available credit. Both credit for businesses and consumers.
At about 0:25 in the video the fact that new defaults and the [...]
Houston Housing Market Home Values Avoid Declines In 2009
4/14/2010-Houston housing market news: Despite a credit crisis, the worst unemployment level in Houston since 9/11/2001, a high mortgage default rate, record numbers of foreclosures across the nation, the Houston housing market managed to have average Houston home values remain stable with no across the board price declines during 2009.
According to the Houston Chronicle’s annual [...]