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Tag Archives: HFF

Texas Apartment Roundup

 HOUSTON – Crossbeam Capital bought the 348-unit Enclave at Woodbridge Apartments, 15015 W. Airport Blvd. in the Sugar Land area on Houston’s southwest side.  Crossbeam, formed as a result of the meger of Maryland-based Crossbeam Capital and Houston-based Concierge Asset Management, has been active in Texas multifamily recently. SAN ANTONIO – Hendricks & Partners  announced the sale of Reserve in ... Read More »

New $50 Million Headquarters Underway for Realogy

MADISON, N.J. — A 280,000-sfoot building is being constructed in Madison, N.J. to serve as the headquarters of Realogy, the parent company of Century 21, ERA, Coldwell Banker and Better Homes & Gardens. Realogy, one of the biggest names in residential real estate, has a total 253,000 sales associates doing business in 101 countries around the world under its various ... Read More »

Hotel Zaza Refinances $50 Million

HOUSTON – HFF has arranged a $50 million refinancing for Hotel Zaza, a 315-room luxury hotel in Houston’s Museum District. HFF worked on behalf of the owners of Hotel Zaza to secure the 10-year, fixed-rate loan through Goldman Sachs Commercial Mortgage Capital, LP.  Hotel Zaza is located at 5701 Main Street adjacent to the renowned Texas Medical Center and Rice ... Read More »

Apartment Update

HOUSTON — A significant number of new apartment projects are under construction in Houston’s Inner Loop area, which is the central city near downtown, the Galleria and the Texas Medical Center. The Houston Chronicle reports more than 3,500 units in a dozen complexes are under construction in the Inner Loop and 8,700 more are proposed, according to Houston-based Apartment Data ... Read More »

Houston Power Center Sold

HOUSTON – HFF has closed the sale of The Crossing at Fort Bend, a 116,064-square-foot retail power center in Sugar Land, Texas. HFF marketed the property on behalf of the seller. MCOM SHOPPING CENTERS LLC purchased the asset for an undisclosed amount and Prosperity Bank provided third party financing for the buyer. The Crossing at Fort Bend is situated on ... Read More »

Residential Acreage Sold in Houston

HOUSTON – Woodridge Forest, a 296-acre site planned for a single-family development in the Kingwood area of Houston has been purchased by WR Forest, LLC. HFF marketed the site on behalf of the seller, Wells Fargo Bank.  Woodridge Forest is located less than 1.5 miles east of US Highway 59 on Northpark Drive, adjacent to the Kingwood master planned community ... Read More »

Apartment Report

 PHOENIX –  CB Richard Ellis  has negotiated the sale of Aldea at Estrella Falls, a 328-unit luxury apartment community in Goodyear, Ariz. Tyler Anderson, Sean Cunningham and Asher Gunter of CBRE’s Phoenix office acted on behalf of the seller, a partnership between Scottsdale, Ariz.-based Globe Corporation and Austin, Texas-based Trammell Crow Residential, to structure the $32.8 million transaction. The buyer ... Read More »

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