BREAKING NEWS

Mixed-Use Project Kicks Off Near Texas Medical Center

Home staging insights from NAR survey

Triten Starts Big Industrial Project in North Houston

A Rarity: New Office Building to be Built in Houston

Howard Hughes Buys Office Building in The Woodlands

Demand for Vacation Homes Nosedives

REALTY NEWS REPORT - Logo

Downtown Houston
RNR-RalphBivinsProject-Interviews
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Fein Sells Washington Heights Project for $62 Million

by Realty News ReportNovember 22, 2013
Share0

HOUSTON – Intercontinental Real Estate has purchased the 326-unit Sawyer Heights Lofts, located about two miles west of downtown, for $61.6 million. The seller was Martin Fein Interests, a Houston apartment development firm that was represented by Apartment Realty Advisors, according to the Real Estate Alert newsletter.

The four-story Sawyer Heights Lofts, which are 99 percent occupied, yielded $189,000 per unit for Fein, which completed the project in 2008, the Real Estate Alert reported.

The project is located at 2424 Spring Street, just north of Washington Avenue, a popular restaurant and club strip for young professionals. It is south of Interstate 10 and The Heights. Fein, which has been operating in Houston since 1989, was one of the first developers to identify the potential of the Heights/Washington Avenue area.

Earlier this year, Boston-based Intercontinental bought another apartment project in the Inner Loop of Houston, a 244-unit multifamily complex called The Westheimer for $48.8 million, or almost $200,000 per unit. Blackstone was the seller for that first project, 2001 Westheimer, just east of South Shepherd Drive.

Share0
previous post
Mr. Gerald D. Hines Awarded USGBC’s President’s Award; Hines’ Firm has 100M SF of LEED-Certified Space
next post
Phillips 66 Breaks Ground on 1.1 Million SF Headquarters Campus in West Houston

Related posts

Mixed-Use Project Kicks Off Near Texas Medical Center

Realty News ReportMay 27, 2025

Home staging insights from NAR survey

Realty News ReportMay 25, 2025

Triten Starts Big Industrial Project in North Houston

Realty News ReportMay 25, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

CommGate
new version
ECD-RealtyNewsReport-Ad-300x250
Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
RNR Ad 030124
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
230725-RNR_Digital-Ad_Red
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact