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POE: SELL EXCESS AND UNUSED FEDERAL LAND TO FUND TRANSPORTATION INFRASTRUCTURE PROJECTS

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 EXPANDS OPERATIONS WITH NEW OFFICE IN AUSTIN, TEXAS, AND ADDITION OF...

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

State of Texas Named to National Economic Development Coalition

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).

EQUITY OFFICE AND 5G STUDIO REVEAL NEW LOOK FOR SOLANA BUSINESS PARK

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

The Boulder Group Arranges Sale of a Net Leased Walgreens Property in Houston, Texas

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

HUDSON REALTY CAPITAL FUNDS $5.6 MILLION BRIDGE LOAN FOR 275-UNIT GARDEN APARTMENT COMPLEX IN...

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.

SPERRY VAN NESS INTERNATIONAL EXPANDS PRESENCE IN NEW BRAUNFELS, TEXAS

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.

The Boulder Group Arranges Sale of a Triple Net Leased Time Warner Cable Property...

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.

Dallas Man Indicted in $6 Million Commercial Real Estate Investment Scheme

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

State housing agency makes $345,000 investment in McKinney through homebuyer assistance

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.

FEDERAL RECOVERY ACT FUNDS TO TRANSFORM VACANT EL PASO PROPERTY TO ‘GREEN’ AFFORDABLE HOUSING...

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

Brady Aims to Create a Better Environment for Local CRE Lending and Investment

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.

Gov. Perry Announces $750,000 TEF Investment in Real Estate Management Company

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.

91 Unit Dallas Apartment Property Is Latest Acquisition For Texas Apartment Buyer Group

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.

CB RICHARD ELLIS HOTELS SELLS FULL SERVICE COLORADO HOTEL RADISSON DENVER NORTH – THORNTON,...

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.

Hines Announces Leasing Activity at Phoenix Tower

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:

State housing agency award of $312,000 makes homeownership dream a reality for Travis County...

Recognizing that homeownership is the key to creating stable families and communities, the Texas Department of Housing and Community Affairs (TDHCA) and State Senator...

State housing agency supporting Terrell with $208,000 in homebuyer assistance funds

Recognizing that homeownership is the key to creating stable families and communities, the Texas Department of Housing and Community Affairs (TDHCA) has announced a...

State housing agency makes $124,800 investment in Temple through homebuyer assistance funds

Recognizing that homeownership is the key to creating stable families and communities, the Texas Department of Housing and Community Affairs (TDHCA) has announced a...

State, local housing agencies bolster homeownership with $261,000 award in 8-county area

(AUSTIN) — Recognizing that homeownership is the key to creating stable families and communities, the Texas Department of Housing and Community Affairs (TDHCA) has...

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Texas condominium sales up, townhome sales down during first half of...

Condominium sales in Texas’s major metro areas increased and townhome sales fell in the first half of 2016, according to the Texas Condominium Mid-Year Sales Report. Released today by the Texas Association of REALTORS®, the report shows that condominium sales in Texas’ four largest markets have seen increasing demand over townhomes and single-family homes among young professionals and retirees. This is the first time in the report’s history that condo and townhome statistics have been reported separately.

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Grant Awarded for West Texas Infrastructure Project

The Texas Department of Transportation (TxDOT) approved grant funding this week to repair the Presidio International Rail Bridge and South Orient Railroad, which extends from Presidio to San Angelo. With this funding, Presidio can continue serve as a pillar of Texas trade, benefitting both the border region and the State’s economy. U.S. Representative Will Hurd (R-Texas) championed this initiative to TxDOT and local officials to ensure the line’s rehabilitation and improved operations, and safety.