HOUSTON—In this week's wrap up of southwest and Texas deals…
*Roofing Supply Group LLC has continued its expansion with the opening of two new locations in the Woodlands, TX (North Houston Area) and Baton Rouge, LA. These two new locations will strategically position RSG to better serve customers in both markets. The Woodlands branch will be led by District Manager Damien Katzenmeyer and the Baton Rouge location will be led by Branch Manager Bobby Freedman. Geoff Craft is the Regional Senior Vice President in the Southwest Region and will have responsibility for both of these locations. These openings represent the 16th and 17th branch locations in the Region.
*As Third Avenue Development LLC, the real estate division of Taylor Consulting Inc., continues building a portfolio of West Texas real estate assets, home values in the region are breaking records. In the city of Midland, home values grew by more than 23% year-over-year last month, pushing the city's median price to the No. 1 slot in Texas for the second time this year. According to the latest data from the Real Estate Center at Texas A&M University, more than $70.8 million was spent or financed on real estate purchases in Midland in June, about 50% more than in June 2013. The city set a new record for its median home price last month, and the number of transactions surged last month to the highest level in Midland's recorded history as the oil and gas industry attracts a flood of new workers, businesses and families to the region. Midland's growth echoes a statewide trend. Home sales across Texas were at their highest volume last month since 2006, and the total value of home sales topped $7.4 billion—a new record. Through Third Avenue Development, TAYO is building a strong portfolio of West Texas real estate assets as new workers and residents continue to pour into the region. The company has already acquired multiple properties located on or near the Permian Basin as well as executed a letter of intent to form a property development joint venture with The Home Masters Inc.
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