Rate drops, more inventory add intrigue to housing ‘offseason’
Competition among buyers is likely to extend into the fall thanks to improved affordability Monthly mortgage payments have fallen by more than $100 nationwide since peaking in May. Price cuts ticked down in August but are still common, landing on more than 1 in 4 listings. Competition is stiff for attractive listings, with more than […]
Sunstone Drops $230M on San Antonio Hotel
Sunstone Hotel Investors is splashing into the Lone Star State with an eye-popping hotel deal in downtown San Antonio. The California-based firm struck a deal with Hyatt Hotels to buy the 630-key Hyatt Regency San Antonio Riverwalk, at 123 Losoya Street, for $230 million, marking its first Texas acquisition, the San Antonio Business Journal reported. […]
Tilman Fertitta Drops $450M on River Oaks District
Houston Rockets owner Tilman Fertitta reached deep into his pockets to acquire a high-end mixed-use complex in the Galleria area. Fertitta paid an estimated $450 million for the 14-acre River Oaks District, at 4444 Westheimer Road, the Houston Chronicle reported, citing sources familiar with the deal. The seller was an affiliate of JPMorgan Asset Management, […]
