Nancy Sarnoff on Muck Rack

Nancy Sarnoff Verified

Real Estate Reporter — Houston Chronicle
As seen in:  Houston Chronicle

Real estate reporter and blogger for and

AmREIT acquisition ok’d by shareholders — Stockholders of Houston-based AmREIT approved the company's proposed acquisition by Edens Investment Trust, a deal expected to close next month. Edens, a private REIT based in Columbia, S.C., agreed to pay $26.55 per share for the Houston company last fall . Based on AmREIT's outstanding shares, the transaction is valued at about $522.5 million.

Economist says city's east and west sides could reverse roles — Prominent Houston economist Bill Gilmer tried to reassure a group of real estate professionals last week that the plunge in oil prices does not mean Houston's economy is headed down the same path it was 30 years ago.

Camden prepares for slower year in Houston area — The chairman and CEO of Camden Property Trust, the Houston-based owner and developer of large apartment complexes across the country, said Thursday that the local multifamily market will take a hit from falling oil prices, but the decline for the company is likely to be minimal.

Landlord spending millions to fix up Galleria office buildings — The owner of two Galleria-area office buildings is spending $8 million to spruce up the properties in advance of some coming vacancy. Renovations are under way at Galleria Office Tower I, a 493,456-square-foot office tower at 2700 Post Oak Blvd. and at the Galleria Financial Center, a 251,974-square-foot building in the middle of the Galleria mall at 5065/5075 Westheimer.

Design for planned downtown hotel gets a revision — Houston-based Midway has redesigned the luxury hotel it is planning to build downtown, giving the 21-story tower a more sleek, classic look than the modern, whimsical feel it originally had. The design change was made to give the Hotel Alessandra a more cohesive feel between the exterior and interior space, said Jonathan Brinsden, Midway's CEO, who described the new look as a "modern interpretation of European style."

Economist: why today’s energy slump will be different from the ’80s — Houston economist Bill Gilmer tried to reassure members of the Houston chapter of CoreNet Tuesday that the plunge in oil prices is not the end of the world for the local economy. "This is not 1982," Gilmer said, adding that Houston has seen three oil downturns since the 1980s crash and none has been as bad.

Analysts predict slowdown in apartment market — the forecast for 2015 - in light of tumbling oil prices - is far less rosy, industry leaders said Tuesday at separate events on the local real estate market. Rent growth will drop off and job growth will shrink even as construction crews bring more units online, panelists said at the annual meeting of the Houston Apartment Association.

Tuscan-inspired housing planned for Memorial Drive — Houston-based Butler Brothers is preparing to break ground on its newest luxury housing development, a small enclave of high-end homes near Memorial Park. The new project, Piazza Lucca, was inspired by the Tuscan city of Lucca. The design will emulate the walled city's winding cobblestone roads and medieval architecture.

How are Low Oil Prices Affecting Houston’s Real Estate Market? — As discussed previously on this program, the Urban Land Institute and Price Waterhouse Cooper's "Emerging Trends in Real Estate 2015" report suggests Houston is the country's number one "market to watch" this year. So, Houston Matters will do just that, periodically, throughout 2015.

A new view of Hines’ luxury tower — Hines released this rendering today of its 32-story downtown tower that just broke ground on a lot catty-corner to Market Square Park. Some of the buildings depicted between the clock tower and the new high-rise are downtown mainstays Treebeards, Warren's and Market Square Bar & Grill.
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Jan 30, 2015

Economist to real estate group: city's east and west sides could reverse roles… via @HoustonChron

Jan 29, 2015

RT @erinmulvaney: Real estate experts say not "end times" for Houston just yet, despite perception. Red hot city might have needed cool down #CBRElive

Jan 29, 2015

Campo: "We're def gonna be scouring the market for opportunistic activity and land might be the thing that's the opportunity."

Jan 29, 2015

"Land prices have adjusted pretty fast. Some deals (we've been following ) are down 20 or 30%" -Campo on Houston

Jan 29, 2015

"If you built in 2010 here you may have an 80 percent profit margin in your development deal" -Campo on Houston #multifamily

Jan 29, 2015

"There haven’t been bargains in Houston for a long time." -Campo on Q4 @CamdenLiving earnings call

Jan 29, 2015

Campo: "Ultimately a slow down from white hot to good we think is a good thing for Texas Houston and Camden."

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