US-Israeli real estate investment firm Harbor Group International LLC has bought three residential communities located near the NASA Johnson Space Center in Houston for $41.2 million from a well-known baseball player. The company declined to disclose his name.
The communities have 920 homes altogether. Harbor Group will invest an additional $3.2 million in renovations. The company said that the seller had purchased the properties in 2006, but decided to sell them at a loss because he was unable to manage them.
Thursday, April 17, 2008
Sunday, April 6, 2008
Houston good for real estate investors
HomeVestors of America, Inc. has ranked Houston as the second-best market in the United States for real estate investing in the first quarter of 2008.
Dallas took the No. 1 spot while Fort Worth was ranked fourth and San Antonio was ranked seventh.
HomeVestors, the company famous for its "We Buy Ugly Houses" billboards, bought more than 34,000 homes in the U.S. over the past 11 years and based the findings on the number of houses bought in each market by the franchise network in the first quarter of 2008.
Dallas took the No. 1 spot while Fort Worth was ranked fourth and San Antonio was ranked seventh.
HomeVestors, the company famous for its "We Buy Ugly Houses" billboards, bought more than 34,000 homes in the U.S. over the past 11 years and based the findings on the number of houses bought in each market by the franchise network in the first quarter of 2008.
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