Tuesday , 1 December 2015
Breaking News

Category Archives: Multi-Family

What Do Apartment Dwellers Really Want for Christmas? … High-Speed Internet, Ample Parking; New Survey Tells All

WASHINGTON, D.C. – What do apartment dwellers want for Christmas? (Well, they probably want these things the other 364 days a year, too.) The latest survey unveils the big items on renters’ wish lists: In addition to a convenient location,  renters say they need lighting fast internet, according to the National Multifamily Housing Council’s (NMHC) 2015 Apartment Resident Preferences Survey.  ... Read More »

The Bow-Wow Factor: Apartment Landlords Addressing Huge Demand for Pet Amenities

WASHINGTON, D.C. – If multifamily developers want to attract tenants with pets they better offer apartments with a major Bow-Wow Factor. Some 67 percent of pet-owning apartment dwellers wants a community dog parks in their apartment, according to a new study by the National Multifamily Housing Council and Kingsley Associates. Another must-have: a dog washing station. Some 54 percent of ... Read More »

Multifamily News Briefs from Realty News Report

DALLAS — Olympus Property has acquired Alexan Arts in Dallas, a 368-unit luxury mid-rise apartment community set on more than 3.5 acres just east of Olympus’ headquarters in Fort Worth. Built in 2015, Alexan Arts’ amenities include a clubhouse with social lounge and resort-style swimming pool with outdoor grills. It is the sister property to Olympus’ Mosaic high-rise property, also ... Read More »

Sun Holdings Acquires Second Multifamily Project in Sienna Plantation

HOUSTON – Sun Holdings Group has acquired the 190-unit Villas of Elysian at Sienna Plantation apartment project southwest of Houston. A town center retail project is planned for a site across the street from the apartment complex, says Sun Holdings Group President Jacob Blatt. Holly Minter, David Schwarz and Tip Strickland of ARA Newmark – Capital Markets arranged financing for the ... Read More »

Thor Equities Starting $125 Million Mixed-Use Project on Houston’s Kirby Drive

HOUSTON – Thor Equities will start construction next month on the Kirby Collection, a 1 million-square-foot mixed-use project on Kirby Drive in Houston’s Inner Loop. The $125 million project will deliver a 25-story residential tower with 200 apartments, 210,000 square feet of office and 65,000 square feet of retail space with completion expected in late 2017. The site is on ... Read More »

Apartment News Briefs from Realty News Report, a Ralph Bivins Publication

HOUSTON – Avenue Community Development Corporation (Avenue CDC) has broken ground on  Avenue Terraces, 48 new mixed-income apartments at 4300 Irvington Boulevard in Houston’s Near Northside neighborhood. Construction financing is being provided by Capital One, N.A. and tax credit equity financing is being provided through the National Equity Fund. “We are very excited to break ground on the new Avenue ... Read More »

Apartment Briefs from Realty News Report, a Ralph Bivins Publication

IMT CAPITAL ACQUIRES 392 APARTMENT UNITS IN HOUSTON FOR $90.1 MILLION HOUSTON – IMT Capital LLC, together with its affiliate, IMT Residential, has acquired IMT Uptown Post Oak, a 392-unit apartment community at 1111 Post Oak Blvd. near Houston’s Galleria The complex was acquired for $90.1 million from Plano, Texas-based Monogram Residential Trust in a deal brokered by David Oelfke ... Read More »

California Firm Buys Houston Multifamily Project

HOUSTON – Santa Rosa, Calif.-based based Praxis Residential, Inc. acquired the 276-unit Carriage Place Apartments in northern Houston. “This is a true value-add play, ideal for repositioning it to be more in line with the surrounding Class A and B complexes,” says Brian Burke, President of Praxis Residential. The property is located near Interstate 45 and FM 1960. Situated on ... Read More »

Home Builder Lennar Making Major Move into Multifamily

MIAMI – Lennar Corp., one of the nation’s largest homebuilders, has created a $1.1 billion fund for a major multifamily development program focused on the 25 largest metropolitan markets in the United States. “In 2011, we drafted a blueprint to become one of the leading developers of class-A multifamily communities in the United States. We identified a multiyear shortfall in ... Read More »

Allied Orion Breaks Ground on 328 Units South of Houston

HOUSTON — Allied Orion Group has broken ground on Southfork Lake, a 328-unit apartment community located in the Pearland/Manvel area south of Houston. The project, designed by Houston-based Steinberg Design Collaborative Architects, is scheduled to open summer of 2016. Located just west of Highway 288, the site is near new single-family and retail development, including a Costco, which is under construction. ... Read More »

Apartment News Briefs from Realty News Report

HOUSTON – California-based Bear Valley Delaware Crystal Falls LLC has acquired Crystal Falls, a 165-unit, multifamily complex at 10950 Westbrae Parkway in southwest Houston. The community, located near US 59 and Beltway 8, is 96% leased. Its amenities include a controlled-access gate. Emerge Crystal Falls LLC of California was the seller. …………………… THE WELLINGTON APARTMENT COMMUNITY SELLS FOR $167 MILLION  ARLINGTON, VA. — Washington ... Read More »

281-Unit Apartment Project Under Construction Near the Astrodome

HOUSTON – Allied Orion Group, a Houston led by Kirk Tate, has broken ground on The Beacon at Buffalo Pointe, a 281-unit apartment complex just south of the Astrodome in Houston. Although Houston has an abundance of new multifamily, the developers are targeting the large employment base at the nearby Texas Medical Center.  Located south Loop 610 at 10301 Buffalo ... Read More »

Scroll To Top