BREAKING NEWS

Hines Lands Berg Restaurant in Downtown Tower

Harold Farb Skyscraper Sold

Hotels Sold for $137 Million

High Mortgages Frustrate Buyers

RNR Real Estate Briefs – HOU, AUS, DAL & more

East River Adding Art to the Mix

REALTY NEWS REPORT - Logo

Banner
  • 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

Medistar Developing Multifamily Near Texas Medical Center

by Realty News ReportApril 24, 2019
Share0
Monzer Hourani, head of Medistar. Photo credit: Ralph Bivins, Realty News Report.

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 financing is by Bank OZK (formerly Bank of the Ozarks.)

“We view this project as an opportunity to invest in a high-quality multifamily development close to the Houston Medical Center, with a strong local sponsor,” said Bill Swackhamer, Managing Director of Pearlmark.

Medistar recently completed a high-rise residential tower and an InterContinental hotel on Main Street near the Medical Center. The firm has developed medical-oriented properties and other real estate across Texas.

April 24, 2019 Realty News Report Copyright 2019
Share0
previous post
Hartman REIT Buys West Houston Office Building on the Bayou
next post
Realty News Report’s Texas Real Estate Briefs

Related posts

Hines Lands Berg Restaurant in Downtown Tower

Realty News ReportMarch 30, 2023

Harold Farb Skyscraper Sold

Realty News ReportMarch 29, 2023March 30, 2023

Hotels Sold for $137 Million

Realty News ReportMarch 29, 2023

Leave a Comment Cancel Reply

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

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
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