Stewart, Meriplex, Bishop Lifting Products, Lexitas announce acquisition deals – Houston Business Journal – The Business Journals

Multiple Houston-based companies in real estate, IT and legal services have recently announced acquisitions. Here’s a look at some of the deals from late September to early October.
Houston-based global real estate services company Stewart Information Services Corp. (NYSE: STC) acquired FNC Title Services LLC and signed an agreement to acquire FNC Title of California, pending approval of the California Department of Insurance, the companies announced Oct. 4.
Rockville, Maryland-based FNC is a full-service title and settlement company specializing in reverse mortgage closings. It will continue operating as a standalone company under Stewart’s ownership.
“As more and more homeowners are looking at home equity as a viable retirement savings, the demand for reverse mortgages is increasing, and FNC has built one of the largest and best settlement service providers for reverse mortgages,” said Stewart CEO Fred Eppinger.
Stewart’s services range from residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry.
Bishop Lifting Products, a Houston-based company providing wire ropes, slings and rigging equipment, announced its acquisition of Westech Rigging Supply on Oct. 5. Westech owner Nick Anderson will be given a leadership role at Bishop.
Westech has locations in Eugene and Salem, Oregon, and is Bishop’s 10th acquisition since 2012.
Just a day earlier, Bishop announced its acquisition of Nevada-based Silver State Wire Rope and Rigging on Oct. 4. Silver State General Manager Pete Rogers and Operations Manager Andrew Rogers will continue to serve in their respective roles with the company. 
Bishop is a portfolio company of Altamont Capital Partners, a Palo Alto, California-based private investment firm with $4.5 billion of assets under management. Bishop now has 30 locations nationwide. 
Houston-based legal support services provider Lexitas announced its acquisition of Chicago-based court reporting and video services provider Grove & Associates on Oct. 4. Lexitas offers court reporting, record retrieval, process service, registered agent, legal staffing and other services to law firms, insurance companies and corporations. 
Lexitas has locations across the U.S and internationally with its headquarters in Houston. The company was one of more than 80 Houston-area businesses included on the 2022 Inc. 5000 list.
Houston-based managed IT and cybersecurity services company Meriplex announced the acquisition of Alabama-based F1 Solutions on Sept. 29. F1 has managed security and IT services for defense contractors and businesses in northern Alabama for 25 years.
“We are excited to welcome F1 Solutions to the Meriplex organization as they will complement our growing cybersecurity and operational teams while adding vertical expertise around government compliance,” said Meriplex CEO David Henley
Meriplex also announced the acquisition of Southern California-based full-service IT management company CPI Solutions in August. As of July, the company had made 13 acquisitions since 2018.
Plano, Texas-based card collectors company Beckett Collectibles announced in September it acquired Houston-based technology organization Due Dilly. The acquisition is part of Beckett’s strategy to use technology to effectively create products and services for collectors.
“Computer vision is the future, and we’re going to integrate Due Dilly’s technology and their team to make sure we can provide the fastest and most efficient grading and authentication in the industry,” Kunal Chopra, CEO of Beckett, said in a press release.
Due Dilly, founded in 2021, also provides assessments and real-time pricing for collectibles.
“There has never been more opportunity in our space,” Andrew Medal, co-founder and CEO of Due Dilly, said in the release. “We’re at a pivotal point in the hobby’s evolution, and we’re excited to take the hobby further than it’s ever been. I know how much potential there is for technology to improve the collector experience, create transparency and help people collect more cards.”
— Dallas Business Journal staff
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High-end real estate slumps; San Diego luxury home sales plummet – The San Diego Union-Tribune

San Diego luxury home sales are down by more than half as the high-end market sees its biggest drop in at least a decade.
Out of the 50 most-populated metro areas, San Diego had the fourth highest drop in luxury sales from June to August, said a report from Redfin released Thursday. The number of sales was down 55.3 percent from the same time last year.
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The markets with the biggest drops were Oakland (down 63.9 percent), San Jose (down 59.6 percent) and Miami (down 55.5 percent). The lowest drops were in Kansas City (down 10.4 percent) and Indianapolis (down 7.5 percent).
Redfin defined luxury housing as the top 5 percent of the highest-priced homes for sale. So, what is considered luxury differed greatly across metro areas. For example, the median price of a luxury home in Cleveland was $629,000, compared to $3.3 million in San Diego metro (which includes all of San Diego County).
Rising mortgage rates are cited as the main reason for the entire housing market slowing down. Redfin also said economic uncertainty and a tepid stock market also were dampening sales.

Redfin chief economist Daryl Fairweather wrote in the report that luxury buyers are more likely to pay cash for homes but some do use mortgages as an investment strategy. The thinking is, even if the buyer could pay cash, taking advantage of low interest rates to finance a multi-million dollar house allows an affluent buyer to use other funds in the stock market or for some other investment.
However, Fairweather wrote that higher interest rates cut into that strategy.
“Someone who was in the market for a $1.5 million home last year may now have a maximum budget of $800,000 thanks to higher mortgage rates,” she wrote. “Luxury goods are often the first thing to get cut when uncertain times force people to reexamine their finances.”

The study used a three-month average ending Aug. 31, so it captured the summer as the stock market was hit hard and there was growing concern over the global economy. Redfin said national sales of luxury homes fell 28.1 percent annually, its biggest ever decline since it started keeping records in 2012. It surpassed the 23.2 percent drop at the start of the pandemic when there was an initial flight from real estate.
A red hot housing market for much of the pandemic still means luxury housing is more expensive than it was a year ago. The median price for a San Diego luxury property, $3.3 million, was up 23.6 percent from last year. That compares to the regular San Diego market, with a median sale price of $860,000, up 16.2 percent in a year, Redfin said.
It isn’t just affluent buyers who are skittish about the housing market — it’s potential sellers, too. The number of luxury home listings in San Diego County was down 32.9 percent from June to August, Redfin said. Oakland had the biggest drop at 40.7 percent.

San Diego luxury real estate agent Brett Dickinson, with Compass, said a lot of potential sellers own their homes outright and are well off enough that they don’t feel pressure to put their homes on the market right now.
“Financially, it doesn’t make sense for them,” he said. “They are taking a wait-and-see approach.”
Price reductions at the luxury level tend to be quite high. Here are a few examples:

Dickinson’s view was that the luxury market was fine and going back to normal after a particularly crazy pandemic buying season. For example, he said there were about 45 single-family homes for sale in La Jolla about two months ago, but there are now around 90. Dickinson said it’s easy to freak out that inventory is shooting up, but it ignores that there are normally around 150 to 200 homes for sale around this time.
He argued that San Diego’s luxury market was better positioned to weather the storm than other markets because of tech companies, like Apple, increasing their footprint here, as well as the strong biotech industry.
* * *

Year-over-year comparison by Redfin from June to August
Oakland: Down 63.9 percent
San Jose: Down 59.6 percent

Miami: Down 55.5 percent
San Diego: Down 55.3 percent
Seattle: Down 52 percent

Las Vegas: Down 50 percent
San Francisco: Down 49.6 percent
Anaheim: Down 49.3 percent

Sacramento: Down 48.3 percent
Los Angeles: Down 44.3 percent

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Real estate transactions: West Loop office building gets new owner – Houston Chronicle

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Centric Infrastructure Group relocated its corporate headquarters to 9950 Woodloch Forest Tower in The Woodlands.
Level X Group has acquired  2100 West Loop South, a 16-story building in the Galleria area.
Law firm Bush Rudnicki Shelton will open its first Houston location this fall. The company was represented by Savills in its new lease at Two Post Oak Central.
Kelsey-Seybold is expanding its Summer Creek Clinic by 17,000 square feet. The clinick is at 8233 N. Sam Houston Parkway E. in Humble. 
Centric Infrastructure Group, one of the fastest-growing natural gas and fiber optic telecommunication companies in Texas, relocated its headquarters to 9950 Woodloch Forest Tower, part of The Woodlands Towers at The Waterway office campus owned by the Howard Hughes Corp. The company is expanding its headquarters to occupy multiple floors at the tower, bringing the campus to 82 percent leased, according to Hughes. Paul Penland and Jerrod McQuain of JLL represented the tenant. Robert S. Parsley, Norman V. Munoz, and Jillian Fredericks with Colliers represented the landlord. The towers are home to oil and gas, bitcoin management, commercial real estate brokerage, cyber intelligence, insurance, legal, real estate development, renewable energy, skincare, technology, utilities and wealth management companies.
Level X Group, a full-service private equity and real estate development firm, acquired the 16-story, 2100 West Loop South office building from Elite Street Capital. Jamail Virani, partner at Level X Group, spearheaded the purchase. Renovations will begin in 2023, including a fitness center, game room/tenant lounge area, a new conference room and cosmetic upgrades throughout the building. Lee & Associates – Houston is providing leasing and property management services. A total of 59,256 square feet of space is available, with leasing options ranging from 1,164 square feet to a full floor at 10,048 square feet. Robert LaCoure, principal, Lee & Associates, is the leasing agent for the 63-percent leased building with support from Chris Lewis, Jill Nesloney and Bryce Adams.
Axis, a network technology company offering solutions in video surveillance, access control, intercom and audio systems, opened a 4,800-square-foot Axis Experience Center at 750 Town and Country Blvd., Suite 950, its 13th innovation center in the Americas and second in Texas. Focused around a Space City theme, the Houston AEC is designed to provide customers, partners and business leaders with resources and hands-on opportunities to test cutting-edge security technologies in a simulated environment.
RELATED: More real estate transactions: Law firm signs big lease in Galleria area
Bush Rudnicki Shelton, a residential construction and real estate law firm with locations in the Dallas/Fort Worth and Austin areas, will open a 3,250-square-foot office in the Two Post Oak Central building at 1980 Post Oak Blvd. this fall. Lesa Nickelson French, corporate managing director, Houston at Savills represented the tenant. Amanda Nebel of Parkway represented the landlord.
Thompson Engineering leased 5,750 square feet at the 10665 Richmond building. Al Gabosch with Moody Rambin represented the tenant.
JLL Capital Markets arranged financing on behalf of Fort Capital, a Fort Worth-based real estate investment company, for the acquisition of the Houston Prime Industrial Portfolio. The seven-property portfolio totals 711,399 square feet across 23 buildings in Houston. The portfolio is leased to 126 tenants across a variety of industries. Cullen Aderhold of JLL lined up the $72 million loan from PCCP. 
SAI SKC LLC purchased a 15.2-acre tract of land at 14180 Horseshoe Bend in Conroe. The site is near the intersection of FM 1488 and Kuykendahl Road. Diana Gaines of SVN | J. Beard Real Estate – Greater Houston represented the seller, Amelia Pharr. Jeff Kastendieck of Re/Max Universal represented the buyer.
Kelsey-Seybold Clinic announced a 17,000-square-foot expansion of Summer Creek Clinic at 8233 N. Sam Houston Parkway E. in Humble. Completion is expected in spring 2023. The clinic, totaling 50,000 square feet after the expansion, will have capacity for an additional 12 providers, bringing the total provider count to 27. Kirksey Architecture designed the expansion, which is being built by Gamma Construction.
Transwestern Ventures, the investment arm of the Transwestern family of companies, has secured $122 million of equity for its inaugural Transwestern Ventures Partners I investment vehicle, exceeding its initial target of $100 million. Ten entities, made up primarily of families and high-net-worth investors, committed between $5 million and $20 million each to TVP I. The investment partners will leverage Transwestern’s nearly 2,100 leasing, development, operations and investment professionals across 33 markets to invest in commercial real estate opportunities throughout the U.S. TVP I will partner with Transwestern companies and other real estate developers and operators on projects such as industrial, multifamily, health care, life sciences, office, hotels and land development.
katherine.feser@chron.com
 
 
Katherine Feser covers a variety of subjects for the Houston Chronicle Business section. She coordinates some of the paper’s most popular special sections, including the Chronicle 100, Home Price Survey, and Top Workplaces. She compiles many of the staples of the section, including the daily markets page, People in Business, event listings and real estate transactions.
After dioxin was discovered in soil samples, federal environmental regulators suggested residents take showers after gardening and not let children play in the dirt.
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NextGen Real Estate Sells Former NFL Standout Mario Williams' Beyond Princely Houston Estate — Get a Look Around – PaperCity Magazine

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NextGen Luxe managed the sale of former NFL star Marion Williams’ 701 W Friar Tuck estate to anonymous buyers, also represented by the brokerage.
The two-story foyer makes for a grand entrance.
This home was made for hosting and entertaining.
The kitchen has top of the line appliances.
The home has a climate-controlled wine room.
The cinema with stadium seating is ready for you to catch the next game or awards show.
Recreation is at your finger tips at 701 W Friar Tuck.
The mens closet perfectly embodies the home’s old world charm.
His and hers closets are what wardrobe dreams are made of.
The third floor flex space is ready for work or play.
The home’s pool has played host to many star-studded parties.
NextGen Luxe managed the sale of former NFL star Marion Williams’ 701 W Friar Tuck estate to anonymous buyers, also represented by the brokerage.
The two-story foyer makes for a grand entrance.
This home was made for hosting and entertaining.
The kitchen has top of the line appliances.
The home has a climate-controlled wine room.
The cinema with stadium seating is ready for you to catch the next game or awards show.
Recreation is at your finger tips at 701 W Friar Tuck.
The mens closet perfectly embodies the home’s old world charm.
His and hers closets are what wardrobe dreams are made of.
The third floor flex space is ready for work or play.
The home’s pool has played host to many star-studded parties.
This article is part of a promoted series and not produced by the editorial staff.
If you have your finger on the pulse of the Houston real estate market, you know that Julia Wang, the founder and broker of NextGen Real Estate, is on an impressive role. With listing after listing — each one seemingly outshining the last — the Houston-based brokerage is simply on fire.
NextGen’s latest sale is a jaw-dropper. A part of NextGen’s Luxe Division, Realtor Krista McGowen recently led the sale of 701 W. Friar Tuck Lane, and let’s just say, you don’t see a house like this hit the market every day.
Former NFL Pro Bowler Mario Williams has lived in the Mediterranean estate since 2006 when he was selected with the No. 1 overall pick of the NFL Draft by the Houston Texans. Williams specifically sought out McGowen to help in the sale of his estate, knowing she would bring her ultra-close network within the sports and entertainment industries to the closing table.
The fully gated compound sits on one and a half acres in central Houston, inside one of the most prestigious neighborhoods in city — Sherwood Forest. It’s an exclusive neighborhood with high security, making it the perfect place for both Williams and the new, anonymous buyer to reside. The anonymity and security of the compound are a near priceless bonus for its residents.
701 W. Friar Tuck measures in at 12,907 square feet with five bedrooms and five and a half bathrooms. The primary retreat (not even the word suite does the space justice) includes a 360-degree dressing room, as well as his and hers custom closets. The home is accented with sweeping staircases, vaulted ceilings, curved archways and a palatial floor plan where Old World charm meets modern conveniences.
Speaking of convenience, this smart home comes with top-of-the-line appliances, a climate-controlled wine room and an in-home movie theater with stadium seating. It’s topped with a third story flex-space, as well as a self-contained guest apartment, which can be used for both work and play.
And, of course, to seal the deal, the house boasts a nine-car garage with plenty of space for a grand collection of vehicles.
However, this is Texas after all and no estate is complete without a pool. 701 W. Friar Tuck’s pool puts others to shame. The host to many star-studded soirees (think Drake, Boosie and numerous NFL/NBA players in attendance), the resort pool has a swim-up bar, cascading waterfalls (including a grotto),  a jacuzzi, slide, fire bowls and more.
“Krista McGowen is a rising star within the NextGen Luxe division who works predominantly with people in the sports and entertainment industry,” Wang says. “When it comes to selling high-end luxury real estate, you want to make sure you have an agent that has connections to high-end clientele.
“In our Luxe Division, our agents are well connected to the who’s who of Houston.”
NextGen Luxe represented both the seller and the buyer of 701 W. Friar Tuck. The Division is in a league of its own when it comes to customer service, marketing, professionalism, and of course, dedication to its clients. NextGen Luxe has its own full, comprehensive team consisting of the best professionals in the region, including stagers, renovators, photographers, videographers and more. 
“Selling luxury real estate is all about selling a lifestyle,” McGowen says. “It’s important to have an agent that not only talks the talk but walks the walk.”
With this estate, there’s truly no reason to leave the property. Luxury is at your fingertips. From work to play to sleep, the house has it all — and then some.
For a closer look at 701 W. Friar Tuck’s modern wonders, click thru the photo gallery at the top of this story. To learn much more about NextGen Real Estate and its very different approach, click here.
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NAI Partners announces new Dallas office amid rebrand as “Partners” – The Real Deal

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Partners’ Jon Silberman (Partners Real Estate, Getty Images)
One of Houston’s largest commercial realtors is expanding its horizons to some of the state’s biggest markets and is hoping to only grow its brand from there.
Houston-based NAI Partners, long an affiliate of NAI Global, one of the world’s leading commercial real estate brokerages, has announced that it is now moving on from NAI to continue operations independently, and has already begun expanding its offices to new locations.
One of them is the Dallas-Fort Worth area, which was recently named the top commercial real estate market in the nation with a total volume of $22.9 billion in the first half of 2022. The DFW office market has also logged its first three-quarter run of positive net absorption since 2018.
As part of its breakup with NAI Global, the company has also rebranded itself from NAI Partners to simply “Partners.”
“Our announcement today represents a significant evolution in the growth of Partners,” said managing partner Jon Silberman in a release.
Silberman said ending its affiliation with NAI Global was necessary to allow the company to continue growing — particularly geographically.
Partners is the second-largest partner-operated, privately-held and independently-owned commercial real estate firm in Texas. The company already has offices in Houston, San Antonio, and Austin, and plans to expand beyond Texas into Georgia, Tennessee, North Carolina, Colorado, Arizona, and other markets.
The move comes as the company celebrates 25 years in the Texas market, where it completes about 1,000 commercial lease and sale transactions each year and has been named among the “Inc. 5000” list of fastest-growing private companies in America.


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What Are The Best Real Estate Websites? – Bankrate.com

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House-hunting has changed a lot over the last few decades. Not so very long ago, you would need to go to local real estate brokerages and drive neighborhoods to find available properties. Now, almost every listing is available online — and home sellers and real estate agents know it.
As Kimberly Allard, a Braintree, Mass.-based broker and Realtor at Century 21 Professionals, puts it: “Everybody starts their searches for real estate online.” Even once you hire a real estate agent, you’ll probably keep your eyes peeled. “In our modern world, the vast majority of buyers do their own online research,” Robby Hill, a Realtor at LIV Sotheby’s International Realty in Ojai, Calif., says.
In general, most of the big real estate websites pull from multiple listing services (MLS) and aggregate the results in their own platform. Usually, they make their money by collecting data and contact info from home-hunters.
While these websites might function similarly, there are some key differences between them. Let’s get into what makes a good real estate site, along with some of our top picks.
Most real estate listings websites gather up listings from various agents and compile them all into what is essentially a search engine. “The formats are slightly different and people tend to find their preference,” Hill explains. “The ultimate function is the same. They all pull directly from the MLS so they have every listing uploaded within seconds of being entered.”
Since they’re all functioning fairly similarly, finding the best real estate websites comes down to your preferences. Do you want to be able to search by neighborhood? Do you like to see the listings displayed on a map or as a list? When you click into the listing, does it have the key details displayed in a way that’s easy for you to read? To a large extent, finding the best real estate websites means clicking around on the top options to find which one you personally like best.
You don’t have to go in totally blind here, though. Allard advises, “Because all real estate is local, you should ask the real estate agent that you’re working with where you would find the most accurate data — on which website?”
Beyond your real estate agent’s recommendation and your personal preferences, there’s another factor you should take into consideration: the site’s business model. Most of these sites make money by featuring a contact form on each listing. If you like the listing, you can fill it out — and theoretically get contacted by the listing agent. Actually, though, “the search engines will show featured Realtors that pay for exposure,” Hill says. In other words, “Realtors can pay to be featured and their name and contact will show up on the user’s browser.”
Be warned: “The website wants to register you,” Allard explains. “Once they have your name and contact information, they then want to sell you services, like inspection or lending services. And they want to sell your name back to an agent who may not even work in that area.”
To guard against this, look for real estate websites that will give you the info you want without requiring you to share any of your personal details in exchange.
Knowing that, we teed up several real estate websites that will give you info without requiring you to share your personal info. Here are the six of the best real estate websites to get you started, whether you’re buying or selling — plus an honorable mention that might be worth a perusal.
Zillow has more than 130 million properties in its database and gets northward of 230 million unique users each month. It’s one of the biggest players in the game and for good reason: you can find a lot of info on there and it’s completely optional to give up any of your personal details.
Zillow also provides its Zestimate, their estimate of the home’s value. This leverages their extensive data sources so it can give you a good feel for whether or not the list price matches what the home is actually worth.
Zillow can be a useful tool for buyers, sellers and renters. Just be advised that if you like a listing you find on their site, filling out the attached contact form doesn’t necessarily put you in touch with the listing agent. Your info might (read: likely will) get sold to the highest-bidding real estate agent.
In short, this can be a great place to start, but if you find a property you like on Zillow, ask your real estate agent about it rather than risk getting bombarded with solicitations.
Zillow bought Trulia back in 2015, so they share most of the info on their websites. You might even notice that when you search an area on both, the resulting map looks virtually identical (except Zillow uses red pins and Trulia uses blue ones). Really, the main difference comes down to how the listing’s details are displayed. Some find Trulia, whose features include drone film footage, quotes from people who live in the area, school ratings and walkability scores, to be more complete and user-friendly. Check both and see which you prefer.
Redin is a brokerage, which means it has its own real estate agents. Even if you don’t want to use a Redfin agent, though, it can still be a useful tool to search for listings — so useful, in fact, that roughly 53 million people consult it each month. Plus, there’s no fee to use this site to search listings.
Redfin is a discount brokerage, which means if you do end up using a Redfin agent to sell your home, you might be able to score a reduced commission. As the buyer, you may get a refund to apply toward your closing costs. That said, you should still thoroughly vet your options for real estate agents. Don’t choose a Redfin agent just because you want to save — a bad agent could lose you a hefty sum of money during negotiations.
Realtor.com isn’t actually owned by the National Association of Realtors® but they do have something of a connection. As a result, this is Allard’s top pick when it comes to real estate websites. “They have relationships with local MLSes,” she explains, “and they can tell you whether or not the person is a Realtor or not.” (Here’s a refresher on the difference between a Realtor and a real estate agent.)
Like many other real estate websites, Realtor.com wants to match you with an agent (and make some money in doing so). Unlike a lot of other sites, they’re willing to cut you in on the deal. They currently offer cash rewards to buyers who choose the agent they recommend. Remember, though, that this is their business model, not necessarily something in your best interest. Choose the agent who will best represent you when you’re making the huge decision to buy or sell or buy a house.
Like Redfin, Realtor.com can still be handy even if you don’t use the agent they recommend. As a search tool, they rank high thanks to plenty of listings and a solid user interface.
You’ve probably seen the Jeff Goldblum (or should we say “Brad Bellflower”) ads for Apartments.com. Homes.com is owned by the same company, the CoStar Group, and delivers listings for home purchases just like Apartments.com tees up rental options.
This website makes the map, satellite and street view of a potential property just a click away and includes local transit and parks and recreation options. Ultimately, it can be a solid way to get a feel for not just the listing itself but also what’s going on around it.
With millions of listings across all 50 states, HomeFinder might be less known than other real estate websites, but it’s still a solid option. Their user interface isn’t as clean as other sites but it’s worth a scan. It also includes a rent-to-own side, a rarity on the market today.
Maybe you’re in the market for a house or you want to sell but you don’t want to deal with a real estate agent. To buy a home directly from the current owner or to sell your house yourself, check out FSBO.com. As the name suggests, this site specifically compiles for-sale-by-owner (FSBO) listings.
If you’re looking to get the most affordable home possible, you might specifically want to shop foreclosures. Here, we recommend MLS.com.
Like Realtor.com, this website’s name may be a slight misnomer. There is no one MLS. As Allard explains, “We say the MLS, but there are thousands of them across the country.”
In short, don’t let the branding of this site fool you: It’s not the go-to MLS solution. But it is a tool you can use that can be particularly helpful for properties that are in foreclosure. The site itself is pretty clunky, but once you navigate through the menus to get to your area, you’ll be able to see local foreclosures.
Beyond that, you might also want to check for foreclosures on:
You’ve got options. Most of the real estate websites out there today function more or less the same, so it’s all about finding the one that you like the look and feel of.
Once you do, think carefully before you fill out any contact form. If you do, the odds are high your info will get sold to the highest bidder, and you’ll be deluged with email or text solicitations. Instead, you’re probably better off finding your own real estate agent first. That way, when you find listings you like, you can show the agent and have them handle reaching out.
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Landmark JV to Begin Construction on BTR Project in Houston – Multi-Housing News

Landmark Properties and Principal Real Estate Investors are set to begin work this month on The Everstead at Windrose, a 194-unit single-family rental community in Spring, Texas. The joint venture landed a $37.8 million construction loan—set to mature in 2026—from Regions Bank, public records show. TSB Capital Advisors secured financing for the development.
Slated for completion in 2024, the built-to-rent community will encompass townhomes, single-family homes and cottage-style units with stainless steel appliances, washers and dryers, walk-in closets, as well as backyards with private patios. Common-area amenities will include a swimming pool, coffee bar, fitness center, grilling area, playground and dog park. The project includes sustainable features and is anticipated to receive the National Green Building Standard Bronze Certification. Landmark Construction is the general contractor for the development.
Located at 7801 Farm to Market 2920, The Everstead at Windrose is less than 7 miles west from Interstate 45, which will connect the property to Houston. Several retail options, including Walmart Supercenter, Target and Burlington, are within 2 miles of the development.
Landmark has more than 30 SFR projects in different stages of development, CEO Wes Rogers said in prepared remarks. The Everstead at Windrose marks the company’s second BTR development, following The Everstead at Madison, a 231-unit single-family rental project in Madison, Ala.
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With new indoor and outdoor spaces, renovated Houston Center complex gains tenants – Houston Chronicle

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Brookfield Properties created a central plaza along McKinney Street with a staircase connecting two landscaped terraces at Houston Center.
Two new tenants are coming to downtown’s Houston Center office complex.
Houston Center offers outdoor terraces where employees can get a change of scenery during the workday.
Lineage Logistics has leased Houston ColdPort, a 315,111-square-foot cold storage warehouse in northeast Houston.
Madera Residential has acquired Chelsea Museum District, a 325-unit apartment high-rise at 4641 Montrose Blvd. The property was developed by Alliance Residential Co.
Brookfield Properties’ investment in downtown’s Houston Center complex is attracting tenants in a tough office market.
The professional services firm Addison Group signed a lease for 24,830 square feet on the 12th floor of 4 Houston Center, Brookfield announced. Global law firm Reed Smith will relocate its downtown office to two floors spanning nearly 47,000 square feet at LyondellBasell Tower.
“I’ve been in the building a million times over the years. It’s unrecognizable,” said Houston office managing partner Ken Broughton. “It’s exactly what we need in this post-COVID era in terms of lots of building amenities, outdoor patios, a giant gymnasium with all windows.”
Brookfield is upgrading older buildings with amenities that compete with downtown’s newest buildings. In 2020, it completed renovations of the 46-story LyondellBasell Tower at 1221 McKinney St. as part of the multiphase transformation of its 4.2 million-square-foot Houston Center complex.
The building has a new glass-clad, two-story lobby, tenant conferencing center and outdoor lawn and terraces. Brookfield is also bringing new restaurants and entertainment to The Highlight, formerly called the Shops at Houston Center, and upgrading 3 Houston Center as the final phase of the project.
Reed Smith will relocate to LyondellBasell Tower from its home of nearly 10 years on two floors at 811 Main St. The new workspace, designed by Kirksey, will have attorney offices that are uniform in size rather than larger ones for partners, an expansive lounge, a bright café space, and internal staircases connecting the 21st and 22nd floors, Broughton said.
The office will include individual and collaborative work areas, 10 conference rooms, and HD technology to hold meetings with in-person and remote participants across the firm’s global operations.
On HoustonChronicle.com: WorkSuites to add Greenway-area coworking spot in a bet on growing flex space demand in Houston
Reed Smith has moved to a flexible work policy with most employees coming to the office at least three days a week, but the firm did not reduce its office space.
Since opening a Houston office in 2013, Reed Smith has grown to 67 attorneys and nearly 100 employees including support staff. The full-service business law firm has a significant oil and gas, corporate, tax, intellectual property, data security, bankruptcy, litigation, finance, environmental, arbitration, Latin America and employment practics. The move is planned in the first quarter of 2023.
The leases come as Houston faces a glut of empty office space made worse by the pandemic as employees, often working hybrid schedules, spend less time in the office and companies require less space. The downtown office vacancy rate averaged 24.6 percent in the second quarter compared to 20.1 percent for the Houston area overall, according to commercial real estate firm Transwestern.
Leasing activity has picked up, however. The Houston market posted its second straight quarter of occupancy gains in the second quarter with companies occupying an additional 429,000 square feet of office space, according to Transwestern.
Doug Little, David Baker, Kelli Gault and Jack Scharnberg of Transwestern represented Brookfield in the leases. Steve Burkett and Philip Leibow of JLL represented Reed Smith, while Collin Grimes of CBRE represented Addison Group.
Lubbock-based Madera Residential has added a prime apartment property in the Museum District to its Houston portfolio.
The company purchased Chelsea Museum District, a 325-unit apartment high-rise at 4641 Montrose Blvd. from Alliance Residential., a residential real estate developer based in Scottsdale, Ariz.
Completed in 2021, the property offers units with 10-foot ceilings, light wood plank flooring, wine chillers and private balconies or private yards. Amenities include a pool with private cabanas, an outdoor kitchen, exercise center, a yoga and spin room, a coworking lounge with private conference room, a speakeasy, wine lounge, golf simulation room, electronic package lockers, pet spa and bark park.
On HoustonChronicle.com: Houston industrial leases surge as abundant space attracts out-of-state tenants
Chris Curry, Todd Marix, Jeff Skipworth, Chris Young, Joey Rippel and Kyle Whitney of Berkadia Houston represented the seller, while Chris Pollard and Jason Rice of Berkadia Dallas arranged financing on behalf of the buyer.
Houston apartment rents have been on the rise, gaining 5 percent over the year in the Montrose/Museum/Midtown submarket, according to ApartmentData.com, a Houston-based market research firm. The submarket experienced a 5.3 percent occupancy gain over the last year.
Houston-based Boomerang Interests and its joint venture partner CenterSquare Investment Management, landed a tenant for its first development, a speculative cold storage warehouse at 7500 Uvalde Road in northeast Houston.
Lineage Logistics, a leading global cold storage warehousing and logistics company based in Novi, Mich., expanded its Houston operations with a full-building lease for Houston ColdPort, a 315,111-square-foot cold storage warehouse. The project was built on 22.5 acres at the northwest corner of Beltway 8 and U.S. 90, providing access to the Barbours Cut and Bayport terminals at the Port of Houston.
katherine.feser@chron.com
Katherine Feser covers a variety of subjects for the Houston Chronicle Business section. She coordinates some of the paper’s most popular special sections, including the Chronicle 100, Home Price Survey, and Top Workplaces. She compiles many of the staples of the section, including the daily markets page, People in Business, event listings and real estate transactions.
After dioxin was discovered in soil samples, federal environmental regulators suggested residents take showers after gardening and not let children play in the dirt.
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Beycome.com announces its expansion in Texas – Artesia Daily Press

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AUSTIN, Texas and MIAMI, Fla., Oct. 6, 2022 (SEND2PRESS NEWSWIRE) — Beycome ( Beycome.com ), a no-agent digital real estate brokerage, is thrilled to announce that its platform is now available in Texas as of October 5, 2022. With the aim of integrating with all 44 multiple listing services by the end of the year, Beycome.com will first integrate with Houston MLS (HAR), Austin MLS (ACTRIS), North Texas Real Estate Info Systems (NTREIS), San Antonio MLS (SABOR), Central Texas MLS (CTXMLS) and Greater El Paso MLS (GEPAR), covering 86% of the state.
Additionally, the company will offer title solutions to complement their service offering, creating a full-service experience where buyers can sell, buy, and even do title all in one place.
Through its proprietary software, Beycome.com is disrupting residential real estate by enabling people to buy or sell a home without requiring an agent. By bringing buyers and sellers together, the Beycome platform empowers people to become their best do-it-yourself agents. Up to 2% cash back is offered to buyers on the platform, and sellers can list their properties for a flat fee, saving them up to 6% on commission.
Beycome’s platform is available in Florida, Illinois, Georgia, Alabama, California, North Carolina, and South Carolina. Beycome is even the third largest brokerage in Florida and Illinois based on volume.
Texas homeowners looking to sell their property can do so with Beycome for a flat fee of $99. Adding a house to the MLS is as easy as ever with Beycome, sellers just fill out a quick form with the details of their house, the price they desire, and Beycome adds it to all integrated MLSs within 24 hours. Buying and selling offers can be handled entirely online through Beycome’s platform. A full suite of resources is available, including marketing materials that keep buyers in the loop about a listed property. To add value to a listing and sell faster, sellers can also hire a photographer with Beycome. Buyers and sellers can manage their offers completely online.
Since its launch in July 2020, Beycome has saved customers more than $50 million in commissions and averages a closing every 40 minutes. With a goal of educating homeowners to become their own realtor, Beycome prioritizes service and support over sales.
“The main focus of our company is to help homeowners become their own real estate agents. They handle all negotiations and showings themselves, which in turn allows them to get the most out of their sale or rental. Our users closed two weeks faster than the industry average, and that’s proof that the model works,” says Nico Jodin, Happy Founder and CEO of Beycome.
Learn more at: https://www.Beycome.com/
NEWS SOURCE: Beycome
This press release was issued on behalf of the news source (Beycome) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: 85680 APDF-R8.6
© 2022 Send2Press®, a press release and e-marketing service of NEOTROPE®, Calif., USA.
To view the original version, visit: https://www.send2press.com/wire/beycome-com-announces-its-expansion-in-texas/
Disclaimer: This press release content was not created by the Associated Press (AP).

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© 2022 Artesia Daily Press

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