Two senior members of the House Ways & Means Committee are continuing their quest to remove a 1980’s era tax provision that discourages foreign investment in U.S. real estate.
The Federal Home Loan Bank of Dallas (Bank) today reported net income of $23.1 million for the quarter ended March 31, 2015. In comparison, for the quarter ended December 31, 2014, the Bank reported net income of $10.8 million. The increase in net income from quarter to quarter was attributable primarily to a favorable change in the Bank's gains (losses) on derivatives and hedging activities ($7.1 million), gains associated with the sales of investment securities in the first quarter ($8.5 million) and a decline in operating expenses ($1.5 million), offset by a decline in net interest income ($3.4 million) and an increase in the Bank's Affordable Housing Program assessment ($1.4 million)
Agriculture Commissioner Sid Miller today announced the Texas Department of Agriculture (TDA) has awarded $750,000 to the city of Schulenburg for infrastructure improvements through the Texas Capital Fund (TCF).
This week, Congressman Ted Poe (R-TX) introduced H.R. 1931 the American Land Act. This bill would require the Bureau of Land Management and the National Forest System to open up about 1/3 of its land over five years for sale to the American people. The federal government currently owns 27% of the total land in the United States.
Passco Companies, LLC, a nationally recognized market leader in the acquisition, development, and management of multi-family and commercial properties throughout the U.S., has announced the opening of a new office in Austin, Texas, and the addition of industry veteran Shelli Cusack as Director of Asset Management
The Governor’s Office of Economic Development and Tourism, has been named as a leader of the FDI Frontlines Coalition, a national organization focused on arming state, regional and local economic development organizations (EDOs) with the resources they need to attract more foreign direct investment (FDI).
Solana Business Park and architecture firm 5G Studio Collaborative today released final architectural design renderings of the property’s $50 million campus renovation. 5G Studio revealed designs that build on the inimitability of the original architectural design, while augmenting the “ranch cool” sophistication granted by the rural Texas setting. Renovations will update campus offerings, and provide corporate tenants with facilities and amenities they need in a contemporary work environment
Northbrook, IL - September 30, 2013 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 9350 Highway 6 South in Houston, Texas for $5,150,000
HOUSTON, TX - May 8, 2012 - (RealEstateRama) -- Hudson Realty Capital LLC (Hudson), a real estate fund manager with more than $2 billion in assets currently under management, has funded a $5.6 million bridge loan involving a 275-unit garden-apartment complex in Houston’s Sharpstown/Westwood submarket. The borrower is utilizing the loan proceeds to purchase the 92-percent occupied multi-family property and establish reserves for capital improvements.
IRVINE, CA - April 27, 2012 - (RealEstateRama) -- Sperry Van Ness International Corporation, a national franchisor for commercial real estate brokerages, today announced the addition of a new franchise in New Braunfels, Texas. The new franchise is part of Sperry Van Ness International Corporation’s national expansion program which started in 2001 and has grown to more than 1,400 advisors and staff representing more than 150 markets today.
Northbrook, IL - April 24, 2012 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant triple net leased Time Warner Cable property located at 14079 Senlac Drive in Farmers Branch, TX for $4,820,000.
PLANO, TX - February 21, 2011 - (RealEstateRama) -- A 68-year-old Dallas man has been indicted in a commercial real estate investment scheme in the Eastern District of Texas, announced U.S. Attorney John M. Bales today
AUSTIN, TX - January 21, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a $345,000 award to the City of McKinney to assist eligible residents with the purchase of their first home, providing greater stability to area low income families and a shot in the arm to the local economy.City officials estimate that the award will help provide 30 local residents with down payment and closing cost assistance, helping them achieve the American Dream of homeownership.
December 10, 2010 - (RealEstateRama) -- Congressman Silvestre Reyes (D-TX) released the following statement after today’s groundbreaking ceremony for the new 73-unit Paisano Green Community. The $10.4 million project was made possible by an $8.25 million grant from the American Recovery and Reinvestment Act. El Paso was one of only 36 communities in the nation (and the only one in Texas) awarded with a competitive grant for the construction of ‘green’ affordable housing units. Congressman Reyes was scheduled to speak at today’s ceremony but was unable to attend due to ongoing votes in the U.S. House of Representatives
Washington, D.C. - October 6, 2010 - (RealEstateRama) -- Concerned that federal bank regulators are making the challenges confronting America's commercial real estate sector worse, U.S. Congressman Kevin Brady (R-Texas) has introduced legislation to stabilize commercial mortgage lending and strengthen private investment in the commercial real estate market.
Austin, TX - July 19, 2010 - (RealEstateRama) -- Gov. Rick Perry today announced the state is investing $750,000 through the Texas Enterprise Fund (TEF) in Vendor Resource Management (VRM) for the expansion of its Carrollton headquarters.
Austin, TX - November 3, 2009 - (RealEstateRama) -- based Anew Realty Group, LLC has purchased the 91-unit apartment property Highland Oaks at 2121 West Irving Boulevard in Irving, Texas. The purchase was facilitated by the Marcus & Millichap Dallas office.
Houston, TX - October 7, 2009 - (RealEstateRama) -- The Radisson Denver North, Colorado, Texas has been sold. Lisa Hankamer of CB Richard Ellis' Hotels Group, announced that the sale of the 133-unit, interior corridor property occurred at the end of September 2009. The Hotel, which is a local landmark, has great visibility along I-25, just 10 minutes north of Downtown Denver and was sold free-and-clear of management and franchise affiliation. The new owners, Stone Castle Corporation, has over 20 year's experience operating hotels in the state of Colorado and have a proven track record for repositioning hotels within their respective market arenas. Approximately $6 million will be spent on upgrading the facility and rebranding. The group has a history operating under most of the major brands and has been quite successful in capturing a broader market base through their repositioning.
HOUSTON, TX - June 4, 2009 - (RealEstateRama) — Hines, the property and leasing manager for Phoenix Tower in Houston, on behalf of building owner, FSP Phoenix Tower Limited Partnership (“FSPLP”), announced today the following leasing activity at the 34-story, 629,000-square-foot office tower located at 3200 Southwest Freeway:
Recognizing that homeownership is the key to creating stable families and communities, the Texas Department of Housing and Community Affairs (TDHCA) and State Senator...