Firefighters will consider phasing in Prop B implementation if conditions are met

The Houston firefighter union will consider phasing in the pay raises required by Proposition B over a 3.5-year period, should certain conditions be met.

Representatives from the Houston Professional Fire Fighters Association met April 12 with Houston Mayor Sylvester Turner to discuss phasing in the implementation of Prop B — which establishes pay parity between city firefighters and police officers. At the end of the meeting, the fire union gave Turner a letter from HPFFA President Marty Lancton,…

Houston Biz Journal
Firefighters will consider phasing in Prop B implementation if conditions are met

Houston home sales, leasing activity record strong increases in March

Houston’s housing marketing saw year-over-year increases in all major metrics last month, and leasing activity continued its hot streak, the Houston Association of Realtors reports.

Single-family home sales totaled 7,072 in March, up 4.9 percent from the year before, and sales of all property types increased 3.6 percent to 8,475. That builds on the small improvement the market saw in February after three months of declines. 

All segments of homes priced at or above $150,000 saw increases in…

Houston Biz Journal
Houston home sales, leasing activity record strong increases in March

UH gets $1M gift from large energy co. to fund new faculty positions

The University of Houston received a $1 million gift from Houston-based ConocoPhillips (NYSE: COP) April 9. The one-time gift will help fund new faculty positions and fellowships in UH’s computer science and mathematics departments, key areas of focus for the university as it doubles down on its data science offerings.

In November, UH received a $10 million grant from Hewlett Packard Enterprise to expand its data science institute, a move UH says will strengthen programs for students as well…

Houston Biz Journal
UH gets M gift from large energy co. to fund new faculty positions

Photos: Tour a home in Lennar’s new community inside Beltway 8 where prices start around $160K

Miami-based Lennar Corp. (NYSE: LEN) knows there’s plenty of demand for homes priced under $200,000 in Houston. Maybe even enough to support 15 or 20 iterations of its relaunched nuHome product line, an executive said.

But demand is just one side of the equation.

“The challenges are also extreme,” said Michael Reamer, vice president of sales for Lennar. “To get land at a price point to make this work is not very typical.”

Lennar’s first nuHome community, Wayside Village, opens…

Houston Biz Journal
Photos: Tour a home in Lennar’s new community inside Beltway 8 where prices start around 0K