Property Type

hillcrest-village-apartments-alvin-texas

Hunt Mortgage Group Refinances Four Properties in Metro Houston Totaling $21.8M

by Haisten Willis October 24, 2016

SEALY, HOUSTON and ALVIN, TEXAS — Hunt Mortgage Group has provided four Fannie Mae loans totaling $21.8 million to refinance four multifamily properties in metro Houston for the same sponsor, William Doogan. The properties include: Edgewood Apartments. Hunt Mortgage Group provided a $3.9 million loan facility to refinance Edgewood Apartments. The garden-style property comprises nine two- and three-story residential buildings totaling 136 units. Edgewood Apartments is located in Sealy, about 50 miles west of Houston. Amenities include an outdoor saltwater pool, spa, two playgrounds and a common laundry facility. Savannah Place Apartments. Savannah Place Apartments is located in the Eldridge neighborhood of Houston, 23 miles east of the Houston central business district. Hunt provided a $7 million loan to refinance the property, a garden-style complex with 13 two- and three-story residential buildings plus a single-story leasing office. There are 260 parking spaces on-site, including 152 carport spaces, enabling each unit to have an assigned/reserved covered space. Harpers Mill Apartments. Hunt Mortgage Group provided a $5 million loan to refinance Harpers Mill Apartments, a 130-unit garden-style property with 13 two-story residential buildings and a two-story leasing office. Harpers Mill Apartments has 238 parking spaces. Property amenities include two common laundry facilities …

October 24, 2016

Casey Development Opens The Keep Storage at Westover Hills in San Antonio

by Haisten Willis October 24, 2016

SAN ANTONIO — Casey Development Ltd. has opened The Keep Storage at Westover Hills in San Antonio. The property is a 106,000-square-foot, Class A self-storage facility located at the northeast corner of Highway 151 and Ingram Road. The facility provides 671 storage units and 10 mini offices. The storage units vary in size from five- by five-foot lockers to 10- by 30-foot units, and73 percent are climate controlled. The Keep Storage at Westover Hills is Casey Development’s first self-storage facility. Future Keep Storage facilities in San Antonio are under development in Stone Oak, Thousand Oaks/Henderson Pass and on Vance Jackson Road outside Loop 410. Amenities include on-site management, a digital surveillance system with closed-circuit visual hallway monitoring, individual door alarms and controlled access entry.

October 24, 2016

javelina-station-apartments-kingsville-texas

Multifamily Student Housing Texas

Oldham Goodwin Capital Arranges Sale of Student Housing Community in South Texas

by Haisten Willis October 24, 2016

BRYAN, TEXAS — Oldham Goodwin Capital (OGC) has arranged the sale of Javelina Station Apartments, a 360-bed student housing community located at 1300 W. Corral Ave. in Kingsville, to ApexOne Investment Partners. Oldham Goodwin Capital is a subsidiary of Oldham Goodwin Group LLC. Javelina Station Apartments is located within walking distance of Texas A&M University — Kingsville. Amenities include a swimming pool, outdoor kitchen and barbecue area, fitness center, theater room, game room, study room and coffee bar.

October 24, 2016

Multifamily Texas

IPA Brokers Sale of 276-Unit Apartment Complex in San Antonio

by Haisten Willis October 24, 2016

SAN ANTONIO — Institutional Property Advisors (IPA) a division of Marcus & Millichap, has brokered the sale of Boardwalk Med Center, a 276-unit apartment community in northwest San Antonio. Will Balthrope, Drew Kile and Jordan Featherston of IPA represented the seller and procured the buyer, an affiliate of Starlight U.S. Multi-Family. The property is located at 7838 Huebner Road, near the South Texas Medical Center, the University of Texas at San Antonio and the world headquarters of USAA. Completed in two phases in 2011 and 2014, Boardwalk Med Center’s community amenities include a swimming pool, fitness center, outdoor fire pit and a dog park. Unit amenities include granite countertops, black appliances and full-size washers and dryers.

October 24, 2016

Office Texas

Venture Commercial Negotiates 16,000 SF Office Sale in Plano

by Haisten Willis October 24, 2016

PLANO, TEXAS — Venture Commercial’s David Schnitzer has represented the firm of R. E. Lopez and Associates LP in the acquisition of a 16,000-square-foot office building in Plano for a relocation and expansion of its law offices. The two-story building, named The 550, is located at 550 E. 15th St. at the southeast quadrant of 15th Street and North Central Expressway. Lopez will occupy the top floor and will lease out the bottom floor of the building. Brandon Crow and Wilson Stafford of EDGE Realty Partners represented the seller, 4 Green House Holdings I LLC.

October 24, 2016

Georgia Multifamily Southeast

Bluerock Residential Growth REIT Buys Apartment Community in Metro Atlanta for $68.3M

by John Nelson October 24, 2016

SANDY SPRINGS, GA. — Bluerock Residential Growth REIT Inc. (BRG) has purchased the Nevadan Apartments, a 480-unit apartment community located in Sandy Springs, for $68.3 million. BRG purchased the asset in a joint venture transaction with the Carroll Organization. BRG invested $23 million in the transaction and sourced a $48 million senior loan for the acquisition and renovation. The Carroll Organization is a 10 percent stakeholder in the joint venture. Built in 1990 near I-285 and GA 400, Nevadan Apartments features a clubhouse, resort-style swimming pool, poolside grill/lounge, 24-hour fitness center, tennis courts and underground parking. Units average nearly 1,100 square feet. Bo Moore, Dan Phelan and John Weber of ARA Newmark represented the seller, AION Partners, in the transaction.

October 24, 2016

Florida Mixed-Use Retail Southeast

Madison Capital Purchases Retail, Parking Development in South Beach for $57.3M

by John Nelson October 24, 2016

MIAMI BEACH, FLA. — Madison Capital has acquired a retail and parking development located at 2000 Collins Ave. in Miami Beach’s South Beach district for $57.3 million. The property features a six-story parking deck and about 40,000 square feet of retail space leased to luxury retailers and upscale restaurants. The property is part of a mixed-use development built in 2010 that houses the Boulan South Beach hotel and occupies an entire city block between 20th and 21st streets and Collins and Liberty avenues. Newmark Grubb Knight Frank was the sole broker of the deal. Dockerty Romer arranged a five-year, $30.3 million acquisition loan through Wells Fargo on behalf of Madison Capital.

October 24, 2016

Florida Multifamily Southeast

IPA Brokers $29M Sale of Multifamily Community in Metro Orlando

by John Nelson October 24, 2016

WINTER PARK, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $29 million sale of Calibre Bend Apartments, a 212-unit multifamily community located at 3924 Calibre Bend Lane in Winter Park, a suburb of Orlando. Built in 1987, Calibre Bend features a clubhouse and leasing center, business center, resort-style swimming pool, a lighted tennis court and a car wash station. Units include built-in bookcases, full-size washers and dryers and private balconies or patios. Steve Witten, Frank Carriera, Victor Nolletti and Michael Regan of IPA represented the seller and procured the buyer, which plans to upgrade the property’s interiors.

October 24, 2016

District of Columbia Office Southeast

Trammell Crow Signs Federal Election Commission to 100,000 SF Lease in D.C.

by John Nelson October 24, 2016

WASHINGTON, D.C. — Trammell Crow Co. (TCC) has signed a long-term lease deal with the Federal Election Commission for nearly 100,000 square feet of office space at Sentinel Square II, a 280,000-square-foot office building located at 1050 First St. N.E. in Washington, D.C. The Federal Election Commission will occupy the top four floors of the building in November 2017. TCC owns Sentinel Square II with joint venture partners Cottonwood Partners and a subsidiary of a private real estate fund advised by Crow Holdings Capital-Real Estate. The LEED Silver-certified building is part of a 1.3 million-square-foot office development in Washington’s NoMa district. John Mowery and Eric Roberts of GSA and Jae Lee and Will Ruppe of JLL represented the Federal Election Commission in the lease deal.

October 24, 2016

Mixed-Use Texas Top Stories

Cordish Begins $250M Phase I of Texas Live! in Arlington

by Jeff Shaw October 24, 2016

ARLINGTON, TEXAS — The Cordish Companies has started construction of the first phase of Texas Live!, a $250 million mixed-use project located between the Texas Rangers’ Globe Life Park and the Dallas Cowboys’ AT&T Stadium in Arlington. The project will include 200,000 square feet of dining and entertainment space; a 5,000-capacity outdoor event pavilion; a full-service 300-room convention hotel; and a 35,000-square-foot meeting/convention facility. Texas Live! will bring more than 3,000 new jobs and three million new visitors to Arlington when it is completed in 2018, according to the developers. The dining and entertainment portion of the project will open in the spring of 2018. The hotel/convention facility will open the following fall. Anchors of the retail portion will include Rangers Republic fan clubhouse; Live! Arena, a multi-level central gathering place; Arlington Backyard, a 5,000-capacity outdoor event pavilion; and a flagship restaurant by Guy Fieri. The first phase of Texas Live! is part of a greater $4 billion vision of the Arlington stadium district, which includes additional phases of Texas Live!, the new Rangers Ballpark and the preservation and repurposing of Globe Life Park. “It is the Rangers’ intent to preserve the beautiful exterior façade of Globe Life Park,” says …

October 24, 2016

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