By The DI Wire The creation of the new federal opportunity zone program is enhancing investor interest and placing upward pressure on property valuations in downtown Houston, according to the Deal Sikes property valuation firm. “Investors are gaining an understanding of the benefits and potential value of property owned in one of the new opportunity…
By Business Wire A jury has awarded a Houston property owner compensation of $12.2 million – almost four times the amount originally offered by the State of Texas – for the eminent domain taking of land for the construction of the Grand Parkway in north Houston, according to Deal Sikes, a Houston-based real estate valuation…
By Leaders in Law Lawyers from the Houston-based Vinson & Elkins recently won a unique eminent domain suit brought on by the State of Texas against a privately-held joint venture. Using the power of eminent domain, the Texas Department of Transportation (TxDOT) acquired the DiMare Fresh Produce cold storage warehouse on 3.9 acres at 1415 West Loop…
By Katherine Feser Houston’s rosier than expected job growth in 2017 has positioned the local real estate market to gain strength across the board, Houston-based real estate valuation firm Deal Sikes & Associates said in a report. The Houston region added 62,900 jobs last year, the Texas Workforce Commission reported in its revised annual data.…
By Dug Begley Jury rules in favor of Caldwell Companies against TxDOT in condemnation case Blazing a path through a forested watershed for the Grand Parkway will carry a heavy cost for state transportation officials, if a Harris County jury’s record award is upheld. The jury on Feb. 2 issued a $28.9 million verdict in…
By Ralph Bivins HOUSTON – How will Hurricane Harvey impact Houston’s real estate prices? It’s been almost two months since the Category 4 storm hit Texas and dropped 50 inches of rain on Houston. To know exactly how the storm impacted prices, we will have to wait until more flooded properties actually sell, says Houston…
HOUSTON–(BUSINESS WIRE)–Some Houston properties face the possibility of permanent market value losses in the wake of Hurricane Harvey, while other properties may actually benefit from the impact of the storm, according to Deal Sikes & Associates, a Houston-based real estate valuation and consulting firm. Hurricane Harvey inflicted an estimated $100 billion in property losses in…
By Dylan Baddour The commercial real estate market is boosting some property values while deflating others. Houston-based real estate valuation firm Deal Sikes and Associates reported Monday that varying conditions across the city’s submarkets and property types have created uneven changes in commercial property value over the last year. The firm said 57 percent of…
