Realty News Report Covering Commercial and Residential News

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 »

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 »

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 »

  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 »

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 »

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 »

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 »

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 »

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 »

HOUSTON – (By Dale King, Realty News Report) – Many baby boomers facing the reality of advancing age, the hard truth of children moving out for good and the ongoing need and cost of maintaining a large structure are pulling up stakes and leaving the family homestead in favor of apartment living. But most of them don’t want to give ... Read More »

HOUSTON – Valcap Group has acquired a 352-unit multifamily community in Katy, west of Houston in an off-market transaction, according to CBRE. The apartment property, The Remington Katy, now known as Luxe at Katy Apartments, is located at 22631 Colonial Parkway. Matt Phillips and Clint Duncan, both Senior Vice Presidents with CBRE in Houston, represented the seller, Conti Street Partners, ... Read More »

HOUSTON – (Realty News Report) – Aris Market Square, the new 32-story apartment tower developed by Hines in downtown Houston, will have the city’s first “chef hall.” The 9,100-SF ground-floor restaurant space, called Bravery Chef Hall, is “an evolution of a food hall and offers fine dining with the speed of counter service,” said Hines. Ziegler Cooper Architects, working in ... Read More »