General Growth Properties, Inc. (GGP) announced on Thursday, April 16, 2009 that it has voluntarily sought relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.
Certain GGP subsidiaries and GGP’s joint ventures have not filed for protection. The Woodlands master-planned community is a joint venture between Morgan Stanley Real Estate Fund II (MSREF II) and GGP. This joint venture is not one of the entities that has filed for protection. A complete list of GGP subsidiaries and the related operating properties that have filed voluntary petitions can be found at www.ggp.com, as well as a list of operating properties not involved in the filings. The Woodlands master-planned community is not one of the properties in the filings.
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This number has proven to be a solid general indicator of market direction and price change magnitude. Housing researchers consider a 6 to 6.5 month supply of homes for sale to represent a balanced housing market.
Months of inventory equals the number of current listings divided by the average number of sales per month during the prior 12 months. .
In March 2009, the national months-of-inventory was 9.7; the Houston SMA was 6.1. The Woodlands 4.5 months of inventory in March is further positive proof of our unique position in the real estate market.
To put these numbers in further perspective, here is a table recently published by the National Association of Realtors.
A recent article from the Journal Of The Real Estate Center At Texas A&M University, , offers a detailed explanation of the housing supply and demand impact on price levels in a market.
Starbucks in The Woodlands
Whether looking for your dream home in The Woodlands with a Realtor or participating in a shopping marathon at The Woodlands Mall, the location of the nearest Starbucks might be critical to the succes of your day. Here is an updated list:
South - Interesection of Sawdust and Grogan's Mill (drive-thru)
Mall Area - North of mall on western edge of discount store area anchored by Target.
Market Street - Behind Jaspers and across street from new boutique hotel under construction.
North - State Highway 242 in front of Lowes (drive-thru).
Central East - Northwest corner of intersection of Research Forest and New Trails (drive-thru)
Central - Panther Creek Shopping Center near Sears Hardware (my personal favorite).
Central West - Southeast corner of Woodlands Parkway and Kuykendahl near Ace Hardware (drive-thru).
West - Near intersection of Woodlands Parkway and Terramont on eastern edge of Wal-Mart area (drive-thru).
Ok, let's vote for our favorite Starbucks location in The Woodlands. Winner will be announced soon!
The Cynthia Woods Mitchell Pavilion, newly renovated with expanded covered seating, celebrates its 20th Performing Arts Season in 2009.
Commemorating 20 years of outstanding arts programming, The Pavilion proudly presents 20th Season Ovation, a lineup of events bursting with culture, patriotism, dance, classical music, old favorites, innovative works and more. In addition to eight exhilarating performances by the Houston Symphony, including the annual Star-Spangled Salute and Hocus Pocus Pops, The United States Army Field Band & Soldiers’ Chorus makes its Pavilion debut.
The Houston Ballet returns with a mixed-repertory program featuring Act II of “Swan Lakeâ€, “Jardi Tancat†and “Falling Angelsâ€. Also, the 14th Annual Children’s Festival erupts with family fun.
For complete information about the Performing Arts Season, simply click on the title of this story. For details regarding upcoming events at The Pavilion, visit www.woodlandscenter.org.
Source: TWDC
