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Texas Home Sales Dropped 11% in 2023

by Phil Hall | Mar 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Texas home sales were down by 11% during 2023, with 327,921 in total sales. According to Texas Realtors, this is the lowest sales level since 2016. The statewide median price for $335,100 was 2023, a 1.4% drop from the previous year, although more Texas metros saw...
Austin Board of Realtors to Provide Members with Forewarn Services

Austin Board of Realtors to Provide Members with Forewarn Services

by Phil Hall | Mar 11, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Forewarn LLC, a provider of real-time information solutions for real estate agents, announced that the Austin Board of Realtors (ABOR) will offer its client identification services to the more than 16,000 members it serves across 18 counties in Central Texas....
$37 Million Refinancing Secured for Texas Multifamily Property

$37 Million Refinancing Secured for Texas Multifamily Property

by Phil Hall | Mar 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), announced the $37 million refinancing of Dane Park, a luxury 392-unit multifamily property in Grapevine, Texas. The terms of the five-year loan include 6.23% interest only and a spread of 1.68%....
Reynolds Asset Management Acquires Two Multifamily Properties in Texas

Reynolds Asset Management Acquires Two Multifamily Properties in Texas

by Phil Hall | Feb 27, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Paramus, New Jersey-based Reynolds Asset Management has acquired two multifamily properties in Texarkana, Texas, for $23 million. The 360-unit acquisition is a joint venture with Jeff Juster’s Newport Capital Advisors LLC. The two companies plan to invest $3 million...
FTK Construction Services Promotes Riley Goodman to VP of Finance and IT

FTK Construction Services Promotes Riley Goodman to VP of Finance and IT

by Phil Hall | Feb 16, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

FTK Construction Services, a nationwide general contractor specializing in affordable housing and LIHTC projects, has promoted Riley Goodman to vice president of finance and information technology. In his new position, Goodman will oversee all financial operations for...
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