Lots of interesting things happened this week in the world of real estate. Notable stories this week include a new MPC and a more port-area housing.
Catch up on this week’s top news with our real estate news roundup:
Houston oil man proposes MPC – The former chairman of ConocoPhillips last week proposed a new master-planned community to the City of Houston, according to a report from the Houston Business Journal. The MPC is to be called Dunham Pointe and be located south of Highway 290, between Mueschke and Mason roads.
MPC names its builders – A massive, 7,200-acre community planned for an area 20 miles west of downtown Fort Worth named its initial home builders, Realty News Report confirmed. The developers taking on the project will be: David Weekley Homes, Drees Custom Homes, Highland Homes and Village Homes.
Company expands port-area housing options – A report from Globe St. confirmed last Friday that Drever Capital Management has acquired 240-unit class-A apartment complex Aria at Rollingbrook. Noah Drever, senior managing director of Drever Capital, called the purchase a “strategic investment,” citing the area as “one of Houston’s strongest suburban economies” thanks to its large petrochemical sector.