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Category Archives: Multi-Family

Camden Planning a Pair of High-Rise Towers in Downtown Houston

HOUSTON – Camden Property Trust, a Houston-based REIT led by Ric Campo, is planning two high-rise residential towers in downtown Houston. The apartment towers will be built near the Toyota Center on two blocks bounded by Austin, La Branch, Pease and Bell. Camden is planning to construct a pair of 20-story buildings, each containing 550 units. The first building is ... Read More »

RNR Apartment News From Around the Nation

DALLAS — Alliance Residential Company closed on 7.5 acres of land at 835 South Goof Latimer Expressway with plans to develop a 340-unit urban apartment community. Lew Wood and Andrew Doster with Henry S. Miller, co-brokering with Jim DePetris, represented Alliance. The land was purchased from Sagenite Dallas Company who was represented by Dallas-based Madison Realty Investors. SCOTTSDALE— Bascom Arizona ... Read More »

DATELINE HOUSTON: Oil Prices and Real Estate

HOUSTON – Texas real estate will be unscathed by the significant decline in oil prices this fall, although the topic is getting a lot of buzz in Houston, known as the “Energy Capital of the World.” Oil prices are a sensitive topic here. Houston was the place where the battle cry of the business community once was “$90 in ‘90” ... Read More »

RNR Apartment Briefs from Around the Nation

HOUSTON – Marquette Cos. of Chicago will break ground this week on a 28-story apartment tower in downtown Houston on Texas Avenue between Austin and LaBranch, near the Astros’ Minute Maid Field. The project, called Catalyst, will have 361 units. Hines, Trammell Crow and Finger Cos. – and others – have projects underway in downtown Houston. RALEIGH — Greystone acquired ... Read More »

CBRE: Houston Apartment Occupancy Hits High as Market Strength Continues

HOUSTON – Houston apartment occupancy has reached 91 percent, close to historical high, as strong job growth has fueled the multifamily market, according to the CBRE real estate firm. Leasing activity is very brisk and the net absorption is outpacing the deliver of new units, according to Ryan Epstein, multifamily specialist and executive vice president at CBRE. The apartment market ... Read More »

20-Story Apartment Tower Started in Houston’s Montrose Area

HOUSTON – StreetLights Residential has broken ground on The Carter – a 20-story, 305-unit multifamily tower in the Montrose area of Houston’s Inner Loop. Dallas-based StreetLights Residential was started by several of the senior investment officers from Gables Residential. “The Carter high-rise is a wonderful addition to the Montrose area’s rapidly growing population with its close proximity to several of ... Read More »

Novare Starting Another High-Rise Residential Tower in Downtown Houston

HOUSTON – The Novare Group is planning another SkyHouse-branded residential high-rise tower in downtown Houston. The 24-story building will be located across the street from its recently completed SkyHouse Houston, 1625 Main Street. The new building, called SkyHouse Main, will be a 335-unit project with ground-floor retail. Construction on the 24-story will begin later this year and is slated to ... Read More »

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 »

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