Realty News Report Covering Commercial and Residential News

SAN ANTONIO – (Realty News Report) — The Barvin Group, a Houston-based multifamily investment, development and management firm, has acquired the Rivera multifamily community in San Antonio’s Broadway Corridor, a district that is rapidly transforming into a true live-work-play destination. The seller, Cypress Real Estate Advisors, an Austin-based real estate investment firm was represented by Newmark Knight Frank Vice Chairman ... Read More »

HOUSTON – (Realty News Report) – Camden Property Trust has acquired a 552-unit Inner Loop multifamily development from the Martin Fein organization. Fein developed the community, completed in 2015, on a site west of Weslayan Street, between Richmond Avenue and West Alabama near Las Palmas street. The community formerly operated as three properties known as Aria at Willowick Park, Olympia ... Read More »

AUSTIN – (Realty News Report) -Short-Term Rentals (think Airbnb or WhyHotel) are a hot topic in the multifamily industry. The mechanics of incorporating the STR (short-term rental) niche into an apartment complex is complicated. But it certainly makes sense when a new urban apartment project is in its initial lease-up mode. “There’s certainly a feeling of things warming up”, says ... Read More »

HOUSTON – (Realty News Report) – Fogelman Properties, a Memphis-based multifamily firm, has acquired two apartment communities, including one in Houston, for $83 million. Fogelman bought two communities: Retreat at Steeplechase, located in Houston, and the Lakeside at Arbor Place, located in the west Atlanta suburb of Douglasville, Ga. Built in 1998, Retreat at Steeplechase is a 390-unit resort-style apartment community located in ... Read More »

HOUSTON – (Realty News Report) –  Iliad Realty Group has acquired the 542-unit Villa Nueva Apartments at 5300 West Gulf Bank Road in northwest Houston. Greystone provided a $27 million bridge loan for the acquisition of the property, which was constructed in 1980.  Greystone’s Daniel Wolins originated the funding. Sal Torre of Estreich & Co. brokered the deal. Fort Worth-based ... Read More »

HOUSTON – (Realty News Report) – Madison Marquette along with investment partner AECOM Capital, celebrated the topping out of a 30-story for-rent residential high-rise located on a 1.16-acre site at 3300 Main Street in Houston’s Midtown district. The tower, The Travis, and will include 328 multifamily units and 15,000 SF of ground-floor retail. “Having achieved this significant construction milestone, we are ... Read More »

HOUSTON (Realty News Report)– Houston-based multifamily developer Hanover Co. is developing a  412-unit apartment development with ground-floor retail in Northern Virginia’s Tysons Corner submarket. JLL worked on behalf of Hanover Co. to arrange the joint venture equity partnership with PCCP, LLC. Located in the Washington, DC metro area the project will be situated on a 5.86-acre site at 1500 Westbranch Drive. ... Read More »

HOUSTON – (Realty News Report) – REEP Equity and Hashem Holdings have acquired the 128-unit Candleridge Park Apartments in Houston – which is a hotbed for investors, JLL said. “Houston is one of the hottest markets in the US for multifamily investors,” said JLL senior vice president  CW Sheehan. “The rental market remains strong thanks to a thriving energy sector, ... Read More »

HOUSTON – (Realty News Report)– Three Pillars Capital Group, a Houston-based multifamily real estate investment firm, acquired Camino Del Sol Apartments in Pasadena, on the southeast side of Houston.  The 122-unit Class C community is located at 1120 Red Bluff Road, with close proximity to Highway 225.  “Having worked on similar projects in this area, we understand the importance of adding ... Read More »

HOUSTON – (Realty News Report) – Austin-based Oden Hughes LLC has broken ground on a 380-unit apartment complex at the corner of Bay Area Blvd. and Middlebrook Drive in Clear Lake City on the southeast side of Houston. MXCAP, a Monterey, Mexico-based group led by Jorge Alberto Sanchez Salinas, is a significant investor in the project. A lack of sufficient ... Read More »

HOUSTON – (Realty News Report) – Medistar Corp., a Houston development firm led by Monzer Hourani, is developing a 326-unit apartment project called Medistar Grand. The project is located on six acres near the intersection of Grand Blvd. and Corder Street, just southeast of the Texas Medical Center. Pearlmark, a Chicago investment firm, provided $8.4 million in mezzanine financing. Construction ... Read More »

HOUSTON – (Realty News Report) – Allied Orion Group has acquired the 312-unit Alexan Ashford, now known as the Ashford Apartments from Trammell Crow Residential. The complex, built in 2017, is located in the Energy Corridor at 1200 N Dairy Ashford near Interstate 10. The project, which did not flood in Hurricane Harvey, is the firm’s first acquisition in 19 ... Read More »