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Category Archives: Multi-Family

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 »

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 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 »

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