BREAKING NEWS

Green Builder: AI, Sustainability are the Future, Beazer CEO Says

Walmart’s ‘Store of The Future’ Prototype Opens in Houston

Toll Brothers debuts 55 and up community in Houston

What Led the ‘Joy Score’ in Home Remodeling?

Underpassage: The New Experiential Entry Portal Into Downtown

RNR Real Estate Briefs – Texas & more

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

Multifamily Deals

by Realty News ReportNovember 3, 2013
Share0

HOUSTON – Tip Strickland and A. David Schwarz of Grandbridge Real Estate Capital closed on a 5-year construction loan for the development of Vargos on the Lake. The development featuring 276 apartment and town home units will sit on a wooded 8.7 acre site. Financing was on behalf of Hunington Residential Inc. through BB&T.

WOODLAND HILLS, Calif. – Wood Partners opens Warner Park a 298-unit luxury apartment complex in the San Fernando Valley. The $75 million project is one of the first new multifamily projects to deliver in recent years in the area.

TAMPA, Fla. – The Temple Acres Portfolio  a 124-unit garden apartment property, sold for $3.6 million. Casey Babb and Luis Baez with Marcus & Millichap’s Tampa office, represented the seller. Babb and Baez also represented the buyer of the property, a foreign private investor based in Montreal, Canada.

AUSTIN – FIRMUS Equity Partners acquired the 198-unit Cascades Apartments in Travis Heights of South Austin. Jason Pumpelly with Johnson Capital arranged the $11.72 million loan for the purchase of the complex.

HOUSTON – Mill Creek Residential announced plans to develop Premier Medical Center, a 265-unit in the Texas Medical Center in Houston. Mill Creek expects to break ground before the end of the year with an April 2015 delivery. The luxury apartment community is positioned to be one of the few centrally located multifamily developments in the TMC. Mill Creek currently has two other projects under construction in Houston, Sola Uptown River Oaks and Astor Tanglewood which will both deliver in 2014.

DETROIT – The Marwood Apartments, a 53-unit complex in the New Center area, sold for $905,000. Cary Belovics and Scott Sutphin of Commercial Property Advisors negotiated the sale between CP Cominvest LLC (seller) and Marston New Center Real Estate LLC (buyer).

 

Share0
previous post
With Occupancy at 99 Percent and New Construction Boom, CBRE Re-Draws Energy Corridor Area Submarkets of West Houston
next post
TRI Pointe Becomes One of Nation’s Largest Builders with the Purchase of Trendmaker Homes and Four Other Home Builders

Related posts

Green Builder: AI, Sustainability are the Future, Beazer CEO Says

Realty News ReportMay 13, 2025

Walmart’s ‘Store of The Future’ Prototype Opens in Houston

Realty News ReportMay 11, 2025

Toll Brothers debuts 55 and up community in Houston

Realty News ReportMay 6, 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