This week in Houston real estate: Investors snag 6,000 apartment units and builder starts pre-sales for Millennial community

by James McClister


Lots of interesting things happened this week in the world of real estate. Notable stories this week include the city’s fastest selling attached subdivision and a community designed for Millennials.

Catch up on this week’s top news with our real estate news roundup:


Fastest-selling “attached new residential subdivision” – According to a release: Parc at Midtown by Surge Homes was recognized as the fastest-selling “attached new residential subdivision” in all of Harris County by Meyers Research LLC based on the average monthly sales of each community since its specific launch date. The “attached” category comprises every new home subdivision offering condominiums (including mid-rise and high-rise) and attached townhomes in the County.

6,000 apartment units sold – A buyer group, which included an institutional group and several private investors, purchased a 21-apartment portfolio this week, and 13 of the complexes are in Houston, Realty News Report confirmed. The transaction was handled by IPA, a division of Marcus & Millichap.

Pulte Homes builds for Millennials – Homebuilder Pulte Homes started pre-sales on its Hollister Oaks community this week, located near Hammerly Boulevard and Bingle Road, according to the Houston Business Journal. The community, which is being geared towards younger families and Millennials, will be made up of 55 two-story homes that start in the low $300,000s.

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