For the first time, the cancer-fighting Alcides E. Rosaura Diniz Foundation hosted a gala at the Astorian. Ana Paola Diniz, who lost her father Alcides to Hodgkin’s lymphoma in 2006, praised MD Anderson, the night’s beneficiary, for its dedication. … Meanwhile, Catholic Charities’ “happy”-themed 75th annual Spirit of Charity event did indeed bring smiles to many faces. The evening, held at the Marriott Marquis, raised $1 million. … This year’s Lyndon Baines Johnson Moral Courage Award dinner honored President George W. Bush for his lifelong commitment to service and country. The total till doubled the previous record, coming in at $4.2 million. … In addition to celebrating the induction of five new members of the Texas Aviation Hall of Fame, the Lone Star Flight Museum’s Flights of Fancy event garnered $700K for the museum. … And the 30th annual Goodwill Gala was the organization’s most successful ever, with more than 400 black-tie-clad guests — including Simone Biles and her family, guests of board member Leisa Holland Nelson — partying for a cause at the River Oaks Country Club.
HOW DID THIS duo come about? We’re a husband-and-wife team in a family business. We met in 5th grade at Kolter Elementary School and became lifelong friends. For the record, we didn’t start dating until a few years later — and we just celebrated our 40th anniversary!
What’s unique about your team and how does the relationship benefit the business? Our team is part of our family; many of us have worked together since we were in our twenties, so we’ve literally grown up together.
Throughout the year we have many events where our brand representatives come to the store. Without exception, they tell us that our team is the best they’ve seen. This sentiment is validated often by customers who send notes of appreciation (and occasional bottles of tequila) for an experience that exceeded their expectations.
We are very proud of these accolades and credit our staff for their expertise, professionalism, and commitment to excellence. They love to share their interests beyond the fashion world, too; so, if you want to know anything about biking or scuba diving, great vacation spots, or dining recommendations, just ask. On top of that, they’re just a lot of fun to be around.
Tell us about your business. What’s special about what you do and how you do it? In a nutshell, we help men live their best lives in style.
We are unique in Houston by offering a curated collection of both established and artisan luxury brands, along with best of class casual offerings, all together, under one roof. We have been experts in the custom business for over 40 years and offer made-to-measure services from the most sought-after brands in the world, including Zegna, Kiton, Isaia, Brunello Cucinelli, Santarelli, Sartorio, and more. We have what many consider to be the best tailor shop in town, and we offer complimentary alterations, closet consultation, private appointments, style advising, and local delivery.
The M Penner Team: Judy Penner, Jeremy Penner, Cody Sever, Karen Penner, Belinda Hillhouse, Jesus Alfaro, Joel Choney, Andrea Irizzary, Whitney Wiggins, Murry Penner (not pictured – Javier Aceves)
What would you be willing to share with others about the secret of success as a duo? We are often asked how we can be married, work together, and not kill each other — how that works. The easy answer is we trust each other. We share great satisfaction in seeing the business and our employees grow and prosper. On occasions where there is conflict, the answer is simple. The buck stops with Murry … at the store. At home, it’s a … well, another interview!
And what makes for an effective team in retail? Everyone on the team works together, so a culture of mutual respect and trust is fundamental. We’re fortunate to have great synergy here that enhances the experiences of both our team and our customers.
Our team works hard, and they are really talented. To keep things fun, we like to have contests that involve games like winning poker hands and “stealing the $20.” We also set team goals, and it’s wonderful to see how the team always pulls together and encourages each other so everyone wins.
What’s up next? What can you share about your plans for 2023? After 17 years at this location, it’s time for a refresh and we’re embarking on a renovation early next year. We’re also planning something special next year to celebrate 50 years in business. Stay tuned!
IS A HEALTHY, balanced real estate market finally here? Per HAR data, the answer is ... kind of? Inventory is at the highest level since 2011, prices are holding steady, and the city and metro area continue to grow in population. Having lost population after Harvey and Covid, the city welcomes significant yet sustainable growth — and a housing market that can handle it.
50%
The share of Ritz-Carlton Residences, The Woodlands under contract in its first week to market, according to Howard Hughes Holdings. It speaks to the trend of branded luxury condominiums; St. Regis also has a community in the works.
5
The number of months that it would take to sell all of the townhomes and condominiums currently on the market if things continued moving at the same pace, and no new listings were to hit. This June 2024 figure is the highest since September 2012, per HAR.
40
The percent of households in the Houston region that can afford a median-priced home with a 30-year, fixed-rate loan, per HAR. This figure was 42 percent in 2023.
23,800
The number of building permits for single-family homes issued in the Houston metro area so far in 2024, a 16 percent increase from one year ago, per the National Association of Home Builders. Texas leads the nation in number of permits issued.
80%
The percentage of multifamily units currently under construction that are located on the western side of the Houston metro area, per Yardi Matrix. The Cinco Ranch community has both the largest project — Resia Ten Oaks — and the biggest slice of the pie (11 percent).
Explore Houston's hottest neighborhoods here or the top real estate trends here.
IS A HEALTHY, balanced real estate market finally here? Per HAR data, the answer is ... kind of? Inventory is at the highest level since 2011, prices are holding steady, and the city and metro area continue to grow in population. Having lost population after Harvey and Covid, the city welcomes significant yet sustainable growth — and a housing market that can handle it.
1. Generating Interest
The four-bedroom home at 3 Briarwood Court, listed by Compass’ Robert Bland for $27.5 mil, has verdant courtyards and a whole-home generator.
Hands-down, one of the most in-demand features is the whole-house generator, a built-in fixture connected to the natural gas line which kicks on within moments of a power outage. After the 2021 freeze and the derecho in May, this summer’s Hurricane Beryl was strike three for homeowners who now seek the safety and comfort that a standby generator provides. Many of the city’s most expensive listings, such as this Briarwood Court manse situated on a River Oaks cul-de-sac, tout the inclusion high up in the list of amenities. HAR says that the number of luxury homes sold with built-in generators increased by 600 percent between 2018 and 2023.
2. Wood You Rather?
Mike Mahlstedt of Compass is listing this 8,120-square-foot property at 2110 Del Monte Dr. for $6.5 mil.
While new construction is appealing for several obvious reasons, older homes have one clear advantage: character. Homeowners, designers and realtors all agree that unique details can sell a home. Scroll HAR and you’re likely to find features like parquet floors and wood-paneled rooms, in homes old, new and reimagined. A sleek version can swath a handsome bathroom, like this one in River Oaks, while an office or study might still rock retro or Victorian-style raised paneling. Wood paneling can also lend a cottage-y feel to kitchens, laundry rooms and bathrooms.
3. Urban Oasis
DC Partners’ The Allen has the Thompson Houston hotel, pictured, and high-end condos.
The skyline along Allen Parkway has dramatically transformed over the past few years, with mixed-use developments galore proffering primo dining destinations, nightlife and more. DC Partners’ 35-story The Allen, for example, is home to the Thompson Houston hotel and 115 high-end condos, while the 24-story Autry Park is similarly urbane with 300-plus apartments.
Explore Houston's top neighborhoods here or the real estate report by-the-numbers here.