For more than three decades, Western Rim Properties Chairman and CEO Marcus Hiles has been creating luxury rental communities across Texas. Unrivaled in contemporary design and resort-style conveniences, the homes, townhomes and apartments he has developed are highly regarded for featuring cutting-edge, energy-efficient amenities. Staying up to date on innovations in smart house technologies, the successful real estate developer has firsthand experience with the next wave of fully programmable appliances that give tenants previously unavailable levels of customization and control—controlled by cell phone. The growing consumer market for state-of-the-art smart household appliances has proven to be cost effective and offer convenience like not previously available. Hiles offers his astute views about the latest machines in the network of the “Internet of Things,” and their potential for ushering in an easier lifestyle. Read more: http://finance.yahoo.com/news/marcus-hiles-provides-insight-smart-093000020.html
Urban rental markets saw a great influx of development over the past four years, with luxurious high-rise buildings modernizing skylines and reviving downtowns that had previously lacked upscale housing developments. But with the living costs in these areas continuing to rise faster than salaries and the availability of jobs outside of cities increasing, many in the real estate industry, such as Western Rim Property Services CEO Marcus Hiles, expect significant growth in suburban submarkets in 2017. Hiles, as Texas’ preeminent builder of high-end multi-family rental communities, explains the motivations driving the move, and the growth of “new suburbia.”
An increasing number of Americans are opting to lease instead of owning their residences, with that number expected to increase by at least a half million each year through 2023. Marcus Hiles and Western Rim have spent nearly thirty years creating and maintaining over 15,000 high-end apartments, condos, and townhomes across Texas, helping to satisfy the growing demand for rental properties. These developments are built near many of the state’s largest cities, including Dallas, Houston, San Antonio, and Austin, offering affordable luxury and resort-style conveniences in a suburban setting. Fitness centers, nature trails, open green spaces, access to professional golf courses, cellulose soundproofing technology, and eco-friendly design provide residents with a high standard of living, while avoiding the costs typically associated with owning a residence in today’s increasingly expensive real estate market.
With about 510,000 new residences constructed in 2015 and over $450 billion in sales for the commercial real estate sector, the property industry is the biggest component influencing employment and the overall economy in the United States today. Politicians have directly affected real estate markets in the past under President Obama, and definitely will continue to have future impacts as President-elect Trump takes office. Renowned Dallas developer Marcus Hiles points out that benefits can be appreciated from the policies of both men when applied to the real estate industry.
Read more: http://markets.financialcontent.com/investplace/news/read/33335210/Marcus_Hiles_