Marcus Hiles notes that the following day after the members of OPEC agreed to reduce production by 1.2 million barrels per day, U.S. crude saw its biggest daily price gain in over seven years, climbing by almost ten percent to $49.44. “This means 2017 will be a better year for oil and gas activity,” noted David Pursell, research manager at energy investment bank Tudor, Pickering, Holt & Co. in the Houston Chronicle. “It’s really good for Houston and the white-collar jobs.” Now above $50, the New York Times reported that prices could continue to rise in the winter months, further accelerating economic recovery. Confirming these notions, in December the monthly Purchasing Managers Index, a survey of supply chain leaders which measures commercial activity, gave Houston its third positive report in a row, indicating near-term expansion in employment, sales and production among all top industries. “We’re seeing fairly significant strengthening in most of the underlying sectors, particularly oil and gas,” Ross Harvin, who compiles the report for the Institute for Supply Management, stated in Houston Public Media.
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Master planned commercial developments have dominated the residential sector since the 1960s, and Texas has been at the forefront of this trend ever since. One of the first such examples was Las Colinas, established in 1973 and still experiencing growth today. Back in 2006, its citizens voted to approve changes to deed restrictions, allowing an even greater density of urban mixed-use construction. The Woodlands was created later in the seventies, and is still one of the premier residential and business destinations of the greater Houston area. The success of Marcus Hiles’ Western Rim Properties comes from the precedents these great communities set. Hiles’ developments feature resort style amenities so that residents don’t have to leave the grounds, unless they so choose, and are developed upon carefully selected lots with beautiful natural landscapes and convenient access to local attractions. Each community’s uniquely planned events and social activities promote healthy, active lifestyles and help to build accepting, neighboring environments.
In a Jan. 22, 2016 New York Times report, journalist Jane Margolies discussed the evolution of animal-oriented features from sporadic early appearances in 2000 to prominent installations in 2016, noting, “When “pet spas” were introduced in high-end residential buildings a decade or so ago, they might have seemed like another flash-in-the-pan perk. But they’ve not only hung on like a dog with a bone, they’ve also evolved.” Spas, fitness centers, bone-shaped pools, visiting vets, and groomers used by haute couture designers dominate the day. A Los Angeles Times article from Aug. 8, 2014 showcases the ultimate luxury, with pet owners giving their charges a dedicated space of their own, often even equipped with an en suite bath. A particularly proud pet suite aficionado reasoned, “She’s a part of the family. Everybody else has a room — so does she.” The designation of a reserved area specifically for the toys, leashes, grooming equipment, and other accessories needed for healthy, happy, pets ensures the rest of the home is clean and organized.
Marcus Hiles points out that some of the more common native plants found in natural landscaping throughout Texas include Salvia Farinacea (“Henry Duelberg”), which produces beautiful purplish-blue flower spikes; “Texas Gold” columbine which is very rare in the wild and sports buttercup-yellow flowers with long, fernlike foliage; and lacey oak, a smaller tree that can grow to 25-35 feet tall, making it a lovely shade tree that is highly tolerant of diverse climates.
Marcus Hiles, the CEO of the largest provider of affordable luxury housing in Texas, Western Rim Property Services, discusses the rise in prominence of gourmet cooking, and the resulting effects on kitchens. Kitchens are now often the largest room in the home, and commonly equipped with restaurant grade appliances along with ornate designs. The room has taken over as a central gathering area of friends, family, and loved ones.
Western Rim’s Marcus Hiles offers advice for renters in search of properties. He urges them to pay attention to the amenities that will upgrade their daily lives. “Families should focus on areas with top-notch school districts, while golfers can seek out developments near championship courses,” he says. Hiles believes that all Dallas residents should seek out communities with easy access to bucolic beauty, such as greenbelts, parks, and preserves. Most importantly, prospective tenants should not be stuck looking within Dallas’ city limits, but should look to areas with lower population density.
Increasing Dallas’ tree canopy is part of Marcus Hiles’ goal to develop sustainable communities throughout the region. Hiles plants more than 2,500 trees every year, and each of his communities is surrounded by parks, trails, and common green recreation areas. These spaces generate oxygen and removing toxins from the air, which he considers a huge benefit above and beyond the view. Additionally, high efficiency heating and cooling units are optimized by the added trees, reducing costs to the tenants, and furthering their conservation expectations.
The United States exceeded $166 billion in capital investments during 2015, an increase of ten percent from the year before. Nearly a third of the proceeds came from the state of Texas, where Dallas based real estate investor Marcus Hiles believes they have not only displayed the potential for sustained long-term economic growth, but have also become vital to the success of the American economy. Hiles, the Chairman and CEO of Western Rim Properties, has spent over three decades studying market tendencies in order to make profitable, strategic property acquisitions.
Architectural trends are extending outside the home, with a desire for low maintenance and high style incoporated into the design at peak levels. Marcus Hiles has seen the demand for sustainable, cost-reducing open-air spaces rise in recent years. Rainwater/graywater harvesting and permeable pavement are popular systems being put into place at increasing levels. Utilizing a rooftop collection system, rainwater harvesting redirects moisture that falls onto the roof to a well, where it is then treated and repurposed on-site. Graywater repurposes previously used domestic wastewater to toilets and other non-drinking purposes, lessening the need for fresh water and sterilization. Another seemingly new idea for environmentally minded construction, permeable paving, actually originated thousands of years ago when people first made roads by putting stones in beds over the ground. The design allows the rain to pass through small openings between four layers of filtration (paving material, gravel, fabric, sand) and then be absorbed by the earth below. Benefits include lowering runoff and pollution, controlling the flow of storm water to gutters and drains, maintaining local groundwater supplies, and providing a skid resistant surface for walkways, patios and driveways. Many attractive permeable pavement patterns often incorporate crushed stone, brick, and recycled concrete.