Construction to begin on Grand Parkway expansion to Alvin

By Deevon Rahming with KHOU 11 LEAGUE CITY, Texas — If you’ve lived in the Houston area long enough, you’re probably familiar with two things: growth and the Grand Parkway Transportation project. It’s a project encompassing seven counties, spanning 184 miles. Roughly 100 of those miles are already complete. The project will transform the state highway into…

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Austin’s I-35 expansion clears final hurdle before construction start

By Kelsey Thompson with KXAN AUSTIN (KXAN) — The Texas Department of Transportation is poised to begin construction on its Interstate 35 Capital Expression Central project near downtown Austin, following approval of the project announced Monday. TxDOT released a final environmental impact statement and record of decision, marking completion of environmental clearance as part of the…

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$88M Settlement Approved for “Critical” Austin Airport Expansion

By Grace Reader and Andrew Schnitker AUSTIN (KXAN) — Austin City Council approved an $88 million settlement agreement with LoneStar Holdings, the group that operates the airport’s South Terminal, for a lawsuit in Travis County District Court and another in federal court. The agreement allows Austin-Bergstrom International Airport the ability to move forward with its…

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US 380 widening project in Frisco to move forward in 2023

By Miranda Jaimes, Managing Editor for Community Impact A project to widen US 380 in Frisco is expected to move forward in 2023. In spring 2022 environmental assessment began on a project the Texas Department of Transportation would conduct that would widen US 380 from Teel Parkway to west of Lakewood Drive in Collin County. Environmental assessments…

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Ruling Could Set Hefty Price Toward Properties Flooded Above Barker, Addicks Reservoirs During Harvey

By John Wayne Ferguson More than five years after their homes and businesses were flooded, residents above the Addicks and Barker dams are learning how much money the federal government owes them for damage from Houston’s overflowing reservoirs. A federal judge last week ruled that the owners of six upstream properties flooded during Hurricane Harvey should collectively…

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TxDOT considering changes to Broadway Street widening project

By Andy Yanez with Community Impact There could soon be changes to the original federally approved design to widen FM 518, better known as Broadway Street, in Pearland. The Texas Department of Transportation from April 26-May 13 collected public input on a proposed change to the Broadway Street widening project from Cullen Parkway to Hwy. 35 in…

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Suburban Housing Demand Picks Up Around Texas Cities

By Paul Bubny with Connect Media Increased demand for suburban housing will support property values in the outlying sectors around Greater Houston and other Texas cities, said Houston-based valuation firm Deal Sikes. “Corporate workplace trends, such as working-from-home, have energized the suburban housing markets,” said Mark Sikes, principal with Deal Sikes. Even employees who will…

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Deal Sikes

Houston Property Values In 2020 To Rise On Job Growth

By The BISNOW Commercial property values in Houston should trend upward in 2020, as the region’s positive job growth will increase demand for development opportunities, according to Houston-based valuation firm Deal Sikes. “Houston’s commercial real estate values will be on a solid upswing in 2019,” Deal Sikes principal Matthew Deal said. “With Houston expected to gain population significantly…

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Deal Sikes Estimate of Just Compensation Upheld by Jury

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…

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Houston Real Estate to Benefit From Better Job Growth

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.…

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Will Hurricane Harvey Sink Real Estate Prices?

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…

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Hurricane Harvey May Determine the Winners and Losers in Houston Real Estate Valuations, Reports Deal Sikes & Associates

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…

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