Energy downturn and hurricanes have not slowed the Texas economy, according to CEO and President of Rockspring Capital, Jim McAlister IV. Through all of it, Rockspring continues to find and capitalize on investment opportunities throughout the state and the Houston Chronicle recently caught up with McAlister to discuss momentum moving into 2018.
To read the full Houston Chronicle interview, click here.
Rockspring Capital’s sale of a 1,619-acre parcel was recognized as a finalist in the Houston Business Journal’s 2017 Deals of the Year for Residential Real Estate. The firm assembled the property before the recession and patiently waited for the best deal, which ended up being one of the largest in the Houston area since the oil slump. Rockspring is honored to be recognized as one of the foremost experts in real estate investment strategy and looks forward to a strong 2018.
To view the Houston Business Journal article, click here.
HOUSTON (September 18, 2017) – Rockspring Capital, a privately owned real estate investment firm headquartered in Houston, today announced the hiring of Mike Axelrad as Managing Director of Capital Markets.
– Houston Business Journal Article by Rockspring Capital CEO
It’s been almost 10 years since the real estate bust and three years since the start of the oil downturn and it’s starting to look like economic experts who have been bad mouthing Texas are running out of things to say. According to a recently contributed article by Rockspring Capital’s Jim McAlister IV, foreign investment in Texas real estate has become a critical part of the economic growth Texas has enjoyed. The diverse industry base and friendly economic environment have skyrocketed the Lone Star State to the top of investment maps. It seems like it is only the beginning.
To view the Houston Business Journal article, click here.
Rockspring Capital President and CEO Jim McAlister IV recently caught up with Houston Business Journal Real Estate Reporter Paul Takahashi to discuss the firms shifting land investment strategy over the past couple years. They discussed the transitioning focus from residential and suburban land plots to high density urban areas and upcoming fund plans for additional acquisitions in the future.
To view the Houston Business Journal article, click here.
According to a Houston Chronicle article featuring Energy Economist Karr Ingham, Texas is entering a ‘new cycle of expansion’ in the oil and gas industry as initial financial reports for the beginning of 2017 show promising data, alluding to consistency in the industry’s recovery. For instance, in the first quarter of 2017, Texas oil rig counts are up 80 percent, drilling permits have doubled to 1,300 and state oil and gas employment has increased by 9,000 over the first quarter of 2016.
To read the full Houston Chronicle story, click here.
The Dallas Morning News caught up with a senior economist with the Federal Reserve Bank of Dallas for some interesting insight into recent U.S. Census Bureau data. Although Harris County was dethroned as the population boom king by Maricopa County, Arizona, overall Texas had four counties in the top ten for population growth from 2015 to 2016.
To read the full Dallas Morning News article that covered the report, click here.
Hotel building data from industry research firm STR Global showed that Dallas, Austin and Houston will have the majority of new hotels in 2017. These three Texas cities will dethrone traditional front runners New York and Los Angeles. In 2017, Marriott alone is building 38 hotels in Texas.
To read the full The New York Times article that covered the report, click here.
Recent results from a survey released by the Federal Reserve Bank of Dallas showed that factory production in Texas increased for the seventh consecutive month in January 2017. The state production index showed that this success is due to increases in shipments, added workers and extended hours of production. Healthy factory production is key indicator of economic wellness and 2017 is off to a strong start.
To view the Austin American-Statesman analysis of the survey results, click here.
According to state-by-state population growth data recently released by the U.S. Census Bureau for 2015 to 2016, Texas saw the largest increase in people (432,957) compared to any other state. Texas led the charge for many southern states as well with 37.9 percent of the population in the U.S. living in the south region in 2016. Real estate market success has historically correlated with population growth and experts predict 2017 to be a solid year.
To read the Houston Agent article, click here.
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