Realty News Report Covering Commercial and Residential News

HOUSTON – (Realty News Report) – An affiliate of Strategic Realty Holdings has acquired the 240-unit Stonebridge at City Park near Highway 288 on the southside of Houston. Strategic Realty Holdings, based in Calabasas, Calif. is led by Edward Lorin a value-add multifamily specialist with a track-record that includes 75 apartment complexes with 15,000 units. The Stonebridge, 11800 City Park ... Read More »

HOUSTON – (Realty News Report) – Camden Property Trust, a Houston-based multifamily REIT that owns 164 apartment communities with 56,000 units around the nation, is halting evictions for residents who have been financially impacted by the COVID-19 pandemic. Camden has closed its leasing offices to the public and is limiting in-person contact by offering virtual tours, online and phone support, ... Read More »

WASHINGTON, D.C. – (Realty News Report) – The National Multifamily Housing Council (NMHC), a major apartment industry group, has recommended a halt to evictions and rent increases for the next 90 days due to the COVID-19 outbreak. NHMC recommends apartment firms consider adopting the following principles to help America’s renters retain their housing during this crisis. Halt evictions for 90 ... Read More »

HOUSTON – (Realty News Report) – Lynd Acquisitions Group, a San Antonio-based real estate investment firm, has acquired a portfolio of three Texas apartment communities with a total of 1,059 units. Lynd paid in excess of $150 million. In Houston, Lynd acquired the Royal Oaks at Westchase at 11212 Westpark Drive. The Royal Oaks at Westchase has 282 units with ... Read More »

AUSTIN – (Realty News Report) – The Michaels Organization, based in Camden, N.J., has broken ground on a 307-unit multifamily project at 5700 East Riverside Drive in Austin. The $59 million multifamily development marks Michaels’ first entrance into the Austin market, which is one of the fastest-growing cities in the country. Located at 5700 East Riverside Drive, the mid-rise project, called Zoey, will ... Read More »

HOUSTON – (Realty News Report) – The Zimmermans, represented by NewForm Real Estate, in a joint venture with Hines, disclosed additional details for its La Colombe d’Or Hotel renovation in the Montrose area. In addition to the 34-story The Residences at La Colombe d’Or developed and previously announced by Hines, La Colombe d’Or Hotel’s footprint will grow to a total of ... Read More »

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 »