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COLLEGE STATION (Real Estate Center) ~December 19, 2014~ The Texas housing market is poised to start 2015 off strong, says a housing market expert with the Real Estate Center at Texas A&M University. However, one key variable will impact the market in the second half of the year: oil. “Oil prices are the number one […]
HOUSTON (RealtyNewsReport.com) ~ December 12, 2014~ Downtown’s 1000 Main building has been purchased at the highest price in the Bayou City’s history. LaSalle Investment has agreed to pay $450 million for the property. The 36-story building is being bought for $537 per sf, surpassing the previous record of $524 per sf paid for Hess Tower […]
Houston Chronicle By Ryan Holeywell ~December 10, 2014~Crude oil prices took a steep dive Wednesday, falling to new five-year lows and fueling fresh speculation about energy job cuts, further price reductions and damage to the Houston-area economy. A slew of factors – including decreased demand projections and tough words from a Middle East official – contributed […]
WESTCHASE DISTRICT~ Houston~Winter 2014~ Westchase District’s wish list for public improvements was well-established when the City of Houston agreed last year to assign the District millions from property tax growth revenue for City-approved infrastructure projects via what is known as a “380 Area Agreement.” This fall the District received its first check for $1.2 million […]
HOUSTON (Houston Business Journal) ~ December 1, 2014 ~ The largest industrial park on the Gulf Coast is under new ownership. Cedar Crossing, which spans 10,897 acres (three-fourths the size of Manhattan), has been purchased by TGS Cedar Port Partners LP. TGS plans infrastructure improvements to the property. The park is 20 miles east of […]