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    Klotman At Work

    Medical turnaround: Baylor College of Medicine finds a use for its glimmering,empty hospital

    Whitney Radley
    Apr 7, 2012 | 8:34 am
    • The yet-unnamed Baylor College of Medicine Specialty Care Center is complete onthe outside, and completely empty on the inside.
    • In the initial stages of planning for the hospital on the McNair Campus, treeswere carefully preserved.
    • The recently-named Lee and Joe Jamail Specialty Care Center.

    When Dr. Paul Klotman joined the Baylor College of Medicine as president and CEO in late 2010, he had quite a task ahead of him. Beyond a broken budget and a financial mess, an incomplete hospital — its construction fell casualty to the recession — lay fallow in a beautiful and underutilized campus.

    A history of successful turnarounds made Klotman the man for the job. CultureMap followed the progress throughout his first year, and the successes piled up: A better system of internal communication, a drastic budgetary improvement and the recruitment of top-tier medical researchers in tropical medicine (which will see its first students on June 18), endocrinology and neuroscience.

    Klotman and the board of trustees look to philanthropic backing to support the McNair campus' further development — just $100 million will earn naming rights.

    Baylor College of Medicine's bottom line is looking stronger by the week. The outpatient center, which opened on the college's McNair Campus in Nov. 2008, was designated the Lee and Joe Jamail Specialty Care Center recently.

    As for the future of the neighboring shell of the ill-fated hospital: The board's approved further developments.

    Instead of the hospital that was initially intended, though, the space is now destined for a different role. The glimmering, empty building just south of the Texas Medical Center will be an outpatient center, dedicated to ambulatory, short-stay cases, and will combine more than 300,000 square feet of medical offices from leased spaces around the city.

    "At this time, Houston does not need any more traditional hospital beds," Klotman said in a statement. "We will continue to evaluate the situation in the future as needs of the community change. With this adaptable approach, we are well prepared for whatever changes result from health care reform."

    Klotman and the board of trustees look to philanthropic backing to support the McNair campus' further development — just $100 million will earn naming rights — and tout the cost savings associated with moving medical offices out of leased spaces and into a ready-and-waiting building.

    Build-out of the interior is expected to commence in June, as soon as the Baylor College of Medicine gets approval and philanthropic commitments necessary for completion.

    Medical offices will be moving from leased space into the new building as early as 2013. These outpatient clinics, diagnostic services and ambulatory surgery will take up 400,000 square feet — a little less than half of the available space.

    In regards to long-term plans, Klotman already sees a need for additional growth in the next 10 years: Additional educational and research space, with flexibility for future decisions in health care reform.

    "In the long run, I think the individual mandate would be the right thing for the country," Klotman told CultureMap. He says that more people covered by insurance means more patients will have access to the care they need.

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    So hot right now

    Houston nails down No. 8 spot among fastest-moving luxury home markets

    John Egan
    Dec 22, 2025 | 1:30 pm
    11095 Memorial Drive exterior
    TK Images for Martha Turner Sotheby's International Realty
    11095 Memorial Drive is for sale for $8.8 million.

    For-sale signs on the lawns of luxury homes in Houston-area communities like Bellaire, River Oaks, West University Place, and The Woodlands are disappearing faster than in most U.S. markets.

    November’s Realtor.com Luxury Housing Report shows luxury homes in the Houston metro area spent a median 61 days on the market in November, up 3.4 percent from last November. That puts the Houston metro in eighth place among the country’s fastest-moving luxury home markets.

    Asking prices for Houston-area listings among top-tier luxury homes started at $794,576 in November, according to the Realtor.com report.

    The Houston Association of Realtors (HAR) says stepped-up activity in the luxury home market helped boost the average single-family home price in the area to $422,552 in November. The luxury market — homes priced at $1 million and above — was the region’s top-performing home category in November, according to HAR, with sales up 23.4 percent compared with the same time in 2024.

    The Realtor.com report ranks San Jose, California, as the fastest-moving metro for luxury home sales in November. There, luxury homes spent a median 56 days on the market, down 6.7 percent from last November.

    “Luxury home dynamics are increasingly driven by local factors rather than national trends,” Antony Smith, senior economist at Realtor.com, says in a release. “Some high-cost metros are experiencing brisk demand and fast turnover, while others face slower sales even at elevated price points. Understanding these local dynamics is key for both buyers and sellers in today's luxury market.”

    Roughly 200 miles west of Houston, the San Antonio metro lands on Realtor.com’s list of the country’s slowest-moving markets for luxury homes. San Antonio-area luxury homes lingered on the market for 99 days in November, up seven percent from the same time last year. That gave San Antonio eighth place on the list of the country’s slowest-moving luxury home markets.

    Asking prices for San Antonio-area listings among top-tier luxury homes started at $766,548 in November, according to the report.

    In November, 5.6 percent of home prices fell into the $750,000-and-above category, according to the San Antonio Board of Realtors (SABOR).

    Bend, Oregon, tops Realtor.com’s list of the slow-moving markets for luxury homes. In the Bend metro area, luxury homes were stuck on the market for a median 146 days in November, up 14.1 percent from the same period in 2024.

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