Monday , 1 September 2014
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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 »

Hines Pouring Foundation This Weekend for 48-story Office Tower

HOUSTON – Downtown Houston will be lined with a parade of concrete trucks this weekend as Hines, the Houston-based real estate firm, undertakes a massive concrete mat pour for the foundation of a 1 million square-foot office tower. The process will run more than 17-hours to set the foundation for Houston’s next  skyscraper – 609 Main at Texas Avenue. The ... Read More »

Gaedeke Group Announces Renovation

DALLAS – Gaedeke Group LLC is renovating its 128,795-sf Oak Lawn Plaza with a $3.8 million ground-breaking redesign. “It’s going to be a major change,” says CEO Sabine Gaedeke Stener, whose firm has commissioned architect Mark Dilworth of Dallas-based Morrison, Dilworth + Walls to create a new design. Construction tentatively is slated to start in October. The award-winning architectural firm ... Read More »

Marriott to Build Next to Billy Bob’s – The World’s Largest Honky Tonk

FORT WORTH – A hotel developer has purchased a site next to Billy Bob’s Texas, which bills itself as the “world’s largest honky-tonk” in Fort Worth’s well-known tourist area, the Stockyards National Historic District. The site was acquired by Sunbelt-CFX, LLC, which intends to start construction on a 124-room Marriott Courtyard immediately. It is within walking distance of the Texas ... 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 »

Major Commercial Project Coming to New Stretch of Grand Parkway; Transwestern to Lease 780,000-sf Project

HOUSTON – Construction has begun in Grandway West, one of the first major commercial developments on a new stretch of the Grand Parkway west of Houston in Katy, Texas. The site is just west of the Energy Corridor where many energy companies have offices. Grandway West will be a 56-acre corporate office development consisting of five buildings totaling 780,000 square ... Read More »

Condo Tower Announced for Montrose

HOUSTON -Riverway Properties has announced plans for its seven-story luxury, midrise condominium at the northeast corner of Montrose Boulevard and Marshall Street in the Montrose area. The modernist building, known now as 3615 Montrose, will boast exterior and interior architectural work by the renowned firm of Philip Johnson/Alan Ritchie Architects. “3615 Montrose signals the return of great architecture to one ... Read More »

OmniNet Capital Buys Former Westwood Mall; Seeks Other Texas Properties

HOUSTON– Southwest Corporate Center, a 525,580-square-foot office complex that was once the Westwood regional mall, has been sold to Omninet Capital, a Los Angeles-based investment group that is seeking Texas investments. HFF marketed the property on behalf of seller, TX 9700 Bissonnet LLC.  Omninet Capital purchased the property for an undisclosed amount on an all cash basis and closed in ... Read More »

Randall Davis Developing 29-Story Condo Tower in Uptown

HOUSTON –  Astoria, a 29-story high-rise condominium in Houston’s Galleria submarket will be completed in December 2016. Randall Davis is the developer of the tower, which will have a total of 75 residences at 1405 Post Oak Blvd. in Houston’s Uptown area. Transwestern arranged construction financing for the project, which is under construction. .Transwestern’s Managing Directors Jan Sparks and Michael Snodgrass organized the financing on ... Read More »

Strongest Monthly Sales Total Ever: July Home Sales Hit Record High in Houston

HOUSTON – The Houston real estate market hit a new monthly sales record in July, with 7,769 single-family homes sold. It was the highest monthly sales total on record for the Houston Association of Realtors, which has been keeping records for decades. Housing inventory, which fell to 40-year lows earlier this year, has edged up each of the last three ... Read More »

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