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Category Archives: Multi-Family

Tampa Firm Buys Seventh Multifamily Project in Houston

HOUSTON – (Realty News Report) – American Landmark, a fast-growing multifamily firms in the nation acquired an apartment complex near the Astrodome – the seventh Houston project for the firm. The firm purchased the 282-unit  Haven at Lakes of 610.  The seller was a joint venture of  Guefen Development and The Rainier Cos. American Landmark will rename the project “Aspire ... Read More »

Blazer Breaks Ground on Apartment Project in Katy

KATY, Texas – (Realty News Report) — Blazer has started construction of Seville at Clay Crossing, a new high-end apartment community. The 351-unit property is located on the southeast corner of the intersection of Grand Parkway (SH 99) and Clay Road in Katy. Seville at Clay Crossing will offer multiple one, two and three-bedroom floor plans ranging from 684 SF ... Read More »

Goldman Sachs Group Buys Pearland Multifamily Project

HOUSTON – (Realty News Report)– Goldman Sachs Asset Management Private Real Estate has acquired the Retreat at Shadow Creek Ranch, a 370-unit multifamily asset in Pearland. Senior Managing Director Ryan Epstein and Director Jennifer Ray of Berkadia’s Houston office arranged the sale on behalf of Inland Private Capital Corporation, a real estate investment firm based in Oak Brook, Ill. Built in ... Read More »

Koontz Breaks Ground on Multifamily Project Near USAA HQ

SAN ANTONIO — (Realty News Report) – Koontz Corporation, a San Antonio-based firm led by Bart Koontz, has broken ground on a Palmetto Pointe, a 328-unit apartment community located in the city’s northwest submarket. The project is located between USAA and the South Texas Medical Center – the two largest private employers in San Antonio. “We are fortunate to have ... Read More »

The State of Houston’s Apartment Market: Q&A with Bruce McClenny

HOUSTON – (Realty News Report) – Houston’s multifamily market has been on a roller coaster ride these past 18 months. The market was relatively soft until Hurricane Harvey hit, then much of the multifamily sector vacancy disappeared. Now, as those Harvey renters move back into their homes, Houston’s occupancy scenario is changing again. Yet developers are still building new multifamily ... Read More »

900 Units Sold in South Austin, Newmark Knight Frank Reports

AUSTIN – (Realty News Report) – Newmark Knight Frank completed the sale of three multifamily communities (905 units) in South Austin. NKF vice chairman Patton Jones of the firm’s Multifamily Capital Markets group negotiated the trades. “The south Austin submarket is considered one of the strongest suburban submarkets due to multiple transportation arteries including IH-35, South Congress, South Lamar, and ... Read More »

Hilltop Acquires Houston Project Near Memorial City

  HOUSTON – (Realty News Report) – Houston-based Hilltop Residential bought the Villas at Bunker Hill, a 398-unit mid-rise apartment community in Houston’s Memorial City area. The HFF team marketed the property exclusively on behalf of the seller, SouthStar Communities.  Hilltop Residential, a firm founded by Greg Finch, formerly of Venterra Realty, purchased the asset free and clear of existing ... Read More »

Howard Hughes Building Another Houston Apartment Project

THE WOODLANDS – (Realty News Report) – Howard Hughes Corp. is starting construction on another multifamily project – the second apartment project the developer has announced in the last two months. Howard Hughes Corp. will build an 8-story, 386-unit apartment building in the Hughes Landing section of The Woodlands, a 28,000-acre community 27 miles north of Houston. Last month Howard ... Read More »

Trammell Crow/Hanover Apartment Tower Expected to Sell for $325 Million

AUSTIN – (Realty News Report) – Northshore, a 38-story downtown apartment tower developed by Houston-based Hanover Co. and Trammell Crow’s High Street Residential, is being offered for sale. The 439-unit tower, completed in 2016, is located at 110 San Antonio St. at Second Street. The building has views of Lady Bird Lake. The project includes 52,000 SF of office and ... Read More »

As WTI Passes $70 Per Barrel, Koontz Sells Two Multifamily Projects in Permian Basin Area

ODESSA, Texas – (Realty News Report) – San Antonio-based Koontz Corp. sold  two multifamily developments in the Permian Basin of West Texas to Fort Worth-based Olympus Property. The announcement comes as West Texas Intermediate crude crossed the $70 per barrel threshold for the first time since 2014. “Our investments in the Midland-Odessa multifamily market have proven to be quite successful,” ... Read More »

Chicago Investor Buys 330 Multifamily Units

HOUSTON – (Realty News Report) – Waterton, a Chicago-based real estate investor and operator, has acquired Carrington at Barker Cypress, a 330-unit apartment community at 7202 Barker Cypress Road in Cypress, Texas – 25 miles northwest of downtown Houston. Houston’s apartment occupancy rose sharply last year following Hurricane Harvey flooding, which damaged 204,000 single-family and multifamily homes. “Houston as a ... Read More »

Florida Investor Buys Houston Apartments Near Galleria

HOUSTON – (Realty News Report) – Florida-based Avesta Communities acquired the 426-unit Chateaux Dijon Apartments in an off-market transaction topping $45 million. The project is set on 10.8 acres at 5331 Beverly Hill St., within walking distance of the Galleria. Chateaux Dijon was 90 percent leased at sale time. The buyer’s broker, Glenn Dickerson of NewQuest Properties negotiated with the ... Read More »

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