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    Houston Casino Coup

    Tilman buys Trump, plans to pump $100 million into revamping marina casino

    Caroline Gallay
    Feb 14, 2011 | 4:43 pm
    • Trump Marina
    • Tilman Fertitta
      Photo by Shelby Hodge
    • Donald Trump
      Photo by Derek Blair/AFP
    • Golden Nugget

    Tilman Fertitta's Houston-based Landry's Inc. empire has snatched up Donald Trump's Atlantic City Marina Hotel and Casino for a bargain price of $38 million, about a 10th of the offering price in 2008, and plans to convert the ailing resort casino into another Golden Nugget.

    Trump's Trump Entertainment Resorts has been selling a number of properties in an effort to lessen its debt since filing for bankruptcy protection last February.

    Fertitta has plans to invest major funds in the hotel's renovation (Landry's has reportedly spent $300 million improving the Vegas Golden Nugget since acquiring it in 2005), and is planning a major blowout in November or December of this year, with an expected appearance in the property's marina by his 150-foot yacht. All improvements are expected to be complete by the end of 2011.

    When asked about his rumored rave, Fertitta demurred. "Well, we'll see how it goes — hopefully so," he told CultureMap, adding that he expected the company to spend $100 million on renovations to what he calls a "great physical location."

    "You've got to remember, Atlantic City is still the second-largest gaming market in America, and does more than $3 billion [a year] with just 11 casinos, so it really does better than Vegas in terms of money per casino."

    And don't let Jersey Shore's Atlantic City jaunt give you the wrong impression — Landry's new resort destination will reside in the upscale Marina District, near Borgata and Harrah's. The new Golden Nugget will be the only casino in Atlantic City with a full-service marina, and include Landry's famous Vic & Anthony's Steakhouse, among other restaurant brands, bars, lounges and a new spa.

    The purchase is something of a revival for Atlantic City, which continues to re-brand itself as a marketable resort destination. The Golden Nugget brand operated a casino resort there from 1980 to 1987.

    "We're just really looking forward to the Golden Nugget having an East Coast presence," Fertitta said.

    unspecified
    news/real-estate

    housing news

    Houston ranks among top 10 U.S. cities for mobile home living

    Amber Heckler
    Dec 24, 2025 | 11:30 am
    Interior of a manufactured home
    Photo by Brian Wangenheim on Unsplash
    Manufactured homes have come a long way from the "trailers" of the past, according to StorageCafe.

    As Houston residents navigate the city's fluctuating real estate market, manufactured homes – also known as mobile homes – are gaining traction among potential buyers seeking an affordable path to homeownership.

    A recent housing study found Houston ranks among the top 10 U.S. cities with the largest mobile home inventory. Texas, as a whole, has the second-highest share of manufactured housing in the nation.

    StorageCafe's housing insights report analyzed the supply of manufactured housing inventory, average sales prices of new manufactured homes, and compared pricing trends against the median value of all housing units (regardless of construction date) across all 50 states and 100 U.S. cities.

    The report's author hails manufactured housing as "a cornerstone of affordability" in the country, with just under 8 million mobile homes representing about 5.4 percent of the U.S. housing supply.

    There are 776,232 manufactured homes in Texas, the report found, which is 6.2 percent of the state's entire housing stock. Houston is home to the 8th highest number of mobile homes in the nation, at 10,953 units.

    Here's how the rest of the top 10 shakes out:

    • No. 1 – Mesa, Arizona (29,335 units)
    • No. 2 – Phoenix, Arizona (20,564 units)
    • No. 3 – Jacksonville, Florida (15,393 units)
    • No. 4 – Largo, Florida (14,131 units)
    • No. 5 – Tuscon, Arizona (14,128 units)
    • No. 6 – San Jose, California (11,668 units)
    • No. 7 – San Antonio, Texas (11,208 units)
    • No. 8 – Houston, Texas (10,953 units)
    • No. 9 – Los Angeles, California (10,622 units)
    • No. 10 – Sunrise Manor, Nevada (9,952 units)

    Why manufactured home living is gaining popularity
    Affordability is of the main reasons Texas residents are turning to manufactured home living. The average sale price for a mobile home in Texas was $112,500 in 2024, or less than half of the median sale price for all Texas homes ($313,200).

    The report specifies that the cost for a manufactured home does not include the cost of land in the same way that a conventional home does. Depending on zoning and local laws, residents who own a mobile home either lease the lot their home sits on, or they have to purchase a lot outright.

    "Most manufactured homes sit either in parks (land rent, higher exposure to rent hikes or park closures) or subdivisions (you own the land)," the report said. "In some communities, resident-owned cooperatives (co-ops) allow homeowners to collectively purchase the land beneath their homes. This setup provides stability and protection against rising lot rents, which can otherwise affect those living in privately owned parks."

    Nevertheless, StorageCafe maintains that the generally lower cost of a manufactured home still makes it a viable path to homeownership. Affordability is especially crucial for younger adults like Gen Zers and Millennials who also don't want to "compromise on quality or independence."

    "Today’s younger buyers value flexibility, efficiency, and minimal maintenance, and many are drawn to simpler lifestyles that align with financial freedom and mobility," the report said. "With the rise of remote work, more Millennials and Gen Zers are exploring the idea of living affordably in smaller, well-designed spaces, often in communities with shared amenities or scenic settings that were once thought to appeal only to retirees."

    Manufactured homes have also experienced a "glow up" in recent years, the report added. Most manufactured homes have open floor plans, "stylish interiors," and come equipped with modern amenities like smart-home technology and energy efficient features.

    "As a result, they’re no longer viewed as a fallback option, but rather as a savvy, forward-thinking path to homeownership for cost-conscious Americans of all ages," the report said.

    Mobile home living elsewhere in Texas
    Other than San Antonio in Houston in the top 10, there were 12 more Texas cities that ranked among the top 100. El Paso came in at No. 16 with 7,089 mobile homes in the city, and Laredo ranked two spots behind with 6,785 units.

    Here's how other Texas cities fared in the report:

    • No. 20 – Dallas (6,195 units)
    • No. 21 – Austin (6,184 units)
    • No. 22 – Fort Worth (6,069 units)
    • No. 29 – Corpus Christi (4,823 units)
    • No. 34 – Pharr (4,409 units)
    • No. 48 – Arlington (3,818 units)
    • No. 60 – Mission (3,207 units)
    • No. 65 – Bryan (3,063 units)
    • No. 67 – Edinburg (3,407 units)
    • No. 98 – Denton (2,441 units)
    housing markethousing reportstoragecafetexasmanufactured housinghouston
    news/real-estate
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