BREAKING NEWS

Unilev Taps Stream Realty

58 Cities Drop Off Million-Dollar Home List

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

Offices For Energy Transition

Partners Buys Former Hartman Properties

Griffin Partners Gains Tenants at Loop Central

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

National Apartment Round Up

by Realty News ReportOctober 17, 2011
Share0

DALLAS – Estancia at Ridgeview Ranch, a 500-unit, Class A multi-housing community in Plano, Texas has been sold. HFF  arranged acquisition financing for the project. Working on behalf of Praedium Group and Mike Ochstein, president of Price Realty Corporation, HFF placed the loan with MetLife Real Estate Investments. Completed in 2007, the property has 23 apartment buildings with an average unit size of 1,076 square feet.

DALLAS –  In its largest purchase to date, the Dallas-based real estate investment firm CONTI Organization acquired Parkside Village, a 256-unit B-class apartment community in the Dallas suburb of Carrollton.  The purchase price was $11 million. The project, built in 1982, is 89 percent leased. The project is CONTI’s fourth purchase over the last year and brings the company’s total portfolio to over 3,450 units acquired since 2008. “In addition to Parkside, we are working on several other projects in Dallas, Houston and San Antonio and we are excited to finish the year with additional acquisitions,” said CONTI President Carlos Vaz.

DALLAS – Mark Porterfield, Senior Vice President of the Henry S. Miller Brokerage Investments Division,  arranged the acquisition of two multifamily properties; Vista Del Sol Apartments of Victoria, Texas and Regency Condominiums in Dallas. Built in 1976, Vista Del Sol is a 60-unit apartment complex in Victoria. Regency Condominiums is a 72-unit multifamily community located at 7474 Skillman Street, just minutes north of Downtown Dallas. BPI Investments, LLC of Basalt, Colo. bought the Regency.

 HOUSTON – Developers are focusing  on Houston’s Inner Loop, seeking and buying redevelopment sites near employment centers. For more: http://houston.culturemap.com/newsdetail/09-29-11-in-search-of-inner-loop-dirt-nothings-sacred-in-houston-apartment-development-fever/

PHOENIX – The 256-unit Palm Court, located at 20401 North 19th Avenue in Phoenix was sold for $19,700,000. Palm Court was constructed in 1999 and features 56 one-bedroom and 200 two-bedroom units. The community is located in North Phoenix. The Seller was Deer Valley Apartments LLC of Phoenix. The Buyer was SARE Investments, LLC c/o ColRich of San Diego. The transaction was negotiated by Mark Forrester and Ric Holway of the Phoenix office of Hendricks

FOR MORE APARTMENT NEWS  click here.

Share0
previous post
Blackrock Projects Solid Commercial RE Returns
next post
Austin Office Market Reports Strong 3rd Quarter

Related posts

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

Realty News ReportMarch 18, 2023March 18, 2023

Partners Buys Former Hartman Properties

Realty News ReportMarch 15, 2023

Designer Named for Four Seasons Condos at Lake Austin

Realty News ReportMarch 8, 2023March 9, 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