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Category Archives: Multi-Family

RNR Apartment Briefs

(Compiled by RealtyNewsReport) TALLAHASSEE, Fla. – The Landmark and Silver Leaf East Portfolio, a 195-unit multifamily portfolio in Tallahassee, has sold for $6.475 million. Marcus & Millichap, a commercial real estate investment services firm, represented both parties in the transaction. The buyer and seller were not disclosed. The Landmark and Silver Leaf East Portfolio is located at 2125 Jackson Bluff ... Read More »

RNR Apartment Briefs

(COMPILED BY RealtyNewsReport) – HOUSTON – CBRE Houston’s Multifamily Group has brokered the sale of Woods of Inverness on behalf of San Antonio-based ComCapp, LLC. An undisclosed buyer acquired the Houston asset, which was constructed in 1981. The garden-style community is at the intersection of Hardy Toll Roll and FM 1960, at 21717 Inverness Blvd. The purchase price of the ... Read More »

Hanover to Develop High-Rise on Kirby Drive in Houston

HOUSTON – Hanover Co. is planning to build a high-rise residential tower on Kirby Drive, just north of West Alabama Street in the Inner Loop of Houston. The project is expected to be more than 30 stories tall and contain more than 300 apartment rental units, according to a report by Nancy Sarnoff in the Houston Chronicle. The tower will ... Read More »

RNR Apartment Briefs

Compiled by RealtyNewsReport HOUSTON – Morgan Group is building a 322-unit apartment complex at the corner of Washington Avenue and T.C. Jester in the Inner Loop of Houston. Morgan, and co-developer LCB Holdings, will operate the project under the Pearl brand name. The five-story project will have one-, two- and three-bedroom units, ranging from 652 to 1,443 square feet, built over ... Read More »

RNR Apartment Briefs

Compiled by RealtyNewsReport.com HOUSTON – Stanmore Partners, a real estate development and investment firm based in Houston, Texas has broken ground on a 264-unit multifamily development in Kingwood,  a suburb on Houston’s northeast side. Ravella at Kingwood Apartment Homes, located at 25710 Loop 494 (at Northpark Drive), will be a two and three story Class-A multifamily rental community situated within ... Read More »

RNR Apartment Briefs

HOUSTON – FSC Realty, LLC, based in Beverly Hills, Calif., has purchased The Retreat at Conroe, a 210-unit Class A multifamily community in Conroe. CBRE Houston’s Multifamily Investment Properties Group announced the sale on behalf of Houston-based The Retreat at Country Club Park, LLC. The luxury community, at 2951 North Loop 336 West in Conroe, was completed in 2013 and is 97 percent occupied. “The Conroe area is going through ... Read More »

RNR Apartment Briefs

HOUSTON – Embrey Partners, Ltd., and Stonelake Capital Partners, LLC, have opened a four-story, luxury, multi-family rental community at Highway 249 and Cypresswood Drive in northwest Houston. The project consists of 336 high-end units on 15.42 acres. Highpoint at Cypresswood is an urban contemporary, surface-parked project consisting of two, four-story buildings with six elevators. “Our goal is to provide a ... Read More »

RNR Apartment Briefs

HOUSTON – HFF has announced that it closed the sale of SouthWind, a 312-unit, Class A multi-housing community in Pearland. HFF marketed the property on behalf of the seller, a TIC ownership group managed by Joseph and Henry Mandelbaum of RealTax Inc.  An entity, owned by JMG Realty, purchased the asset for an undisclosed amount. SouthWind is at 9720 Broadway Street near State Highway ... Read More »

RNR Apartment Digest

HOUSTON - JPI/TDI companies has begun construction on a 198-unit multi-family community near the northwestern edge of downtown and Washington Avenue in Houston. The community, Jefferson Heights, is at 1520 N. Memorial Way. Jefferson Heights is being developed on 1.47 acres, less than a mile from the theater district. The construction loan was provided by Texas Capital Bank, the remaining capitalization was arranged by JLL (Jones ... Read More »

$200 Million Seniors Project Coming to Lady Bird Lake Site in Austin

AUSTIN – A development team has been chosen to undertake a $200 million redevelopment and expansion of the Rebekah Baines Johnson seniors housing project on Lady Bird Lake in Austin. The developers have formed a development entity called Cesar Chavez Lakeview Village LLC and its proposal includes: 250 new units of affordable senior housing 250 units of renovated senior housing ... Read More »

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