SAN ANTONIO — The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, has arranged the sale of Lorenzo Apartments in San Antonio. TMG’s Jon Krebbs represented the seller, while Christopher Siemasko procured the buyer. Neither party was disclosed. Lorenzo Apartments was built in 1960. The property comprises 72 units in one- and two-bedroom layouts. Amenities include a laundry facility, bark park and 24-hour courtesy patrol.
HOUSTON — Cushman & Wakefield has hired Nicholas Murphy as a senior director. Murphy will join the Equity, Debt & Structured Finance team at Cushman & Wakefield’s Houston office. In this role, he will advise clients in Texas on capital-stack strategies, with a focus on the multifamily sector. Murphy most recently worked as a director of acquisitions at Sync Residential. Prior to this, he was a director at Berkadia. Murphy graduated from the St. Edwards University and earned a master’s in real estate development at Arizona State University.
DALLAS — Crescent Communities has sold NOVEL Turtle Creek, a 206 high-rise community in the Turtle Creek and Oak Lawn area of Dallas, to Goldrich Kest. NOVEL Turtle Creek was built in 2022 at 4251 Irving Avenue. The building rises 20 stories and features one-, two- and three-bedroom units. Amenities include an outdoor deck with a pool, lounge, concierge service, curbside valet and morning coffee service. The design team for the project included project architect WDG, experimental consultant 404 Design, landscape architect TBG Partners and interior designer Vignette Interior Design. …
DALLAS — Cushman & Wakefield has promoted Jeremy Edmiston to the role of Executive Director, U.S. Lead Build-To-Rent/Single-Family Rent (BTR/SFR). In this position, Edmiston will collaborate with Cushman & Wakefield’s Capital Markets and Debt teams to provide unified BTR/SFR end-to-end solutions to clients. He will be based in the firm’s Dallas office.
SAN ANTONIO — Colliers Mortgage has provided $16.8 million in HUD-insured, construction-to-permanent financing for Culebra Road Apartments, an affordable housing project in San Antonio. Jeff Rogers of Colliers Mortgage originated the financing, which was structured with a 40-year term. The borrower was an entity doing business as Culebra Road Apartments LP. Culebra Road Apartments will offer 199 one-, two- and three-bedroom units. The community will be entirely income restricted, although exact restrictions were not disclosed. Planned amenities include a pool, fitness center, playground, business center, clubhouse, activities room and outdoor …
AUSTIN, TEXAS — JLL Capital Markets has arranged construction financing for Lirica East Austin, a 338-unit project in the Central East Austin neighborhood of Austin. The borrower was Central Southwest Texas Development, doing business as CSW Development. JLL worked on behalf of the borrower and the equity partner, Blueprint Local, to secure the loan. Lirica East Austin will offer studio, one-, two- and three-bedroom units with an average size of 799 square feet. Planned amenities include a pool, clubroom, fitness center, co-working space, sky lounge, courtyard and dog park. The …
KATY, TEXAS — Wayfinder Real Estate and Read King Commercial Real Estate have broken ground on The Oak at Katy Park, a 348-unit community in the Houston suburb of Katy. The property will offer amenities such as a pool, pickleball court, co-working space, sauna, outdoor kitchens and a fitness center. The community is scheduled to be completed in mid-2025, with the first residents expected to move in earlier that year. Meeks Architects designed the property. Norris Design is the landscape architect. Wayfinder Design is the interior designer. OHT Construction is …
TEMPLE, TEXAS — The Multifamily Group (TMG) has arranged the sale of Midtown Apartments in Temple, approximately 70 miles north of Austin. Paul Yazbeck of TMG represented the seller in the deal. Jon Krebbs procured the buyer. Both parties requested anonymity. Midtown Apartments was built in 1971. The community offers one- and two-bedroom units, as well as amenities such as a pool, fitness center, basketball court, clubhouse and a picnic area.
AUSTIN, TEXAS — Matthews Real Estate Investment Services has negotiated the sale of Marsol Apartments, a 22-unit complex located just northwest of Austin’s downtown area. The property was originally constructed in 1972 and was recently renovated. Richard Waterhouse and Tyler Marshall of Matthews Real Estate Investment Services represented the seller in the deal. Neither the seller nor buyer were disclosed.
HOUSTON — 35 South Capital has acquires Village Place Apartments, an 84-unit community in Houston’s Hedwig Village neighborhood. Newmark brokered the sale of the property. The seller and sales price were not disclosed. Village Place Apartments comprises 13 buildings on a 3.5-acre site. According to Apartments.com, the community offers units in one- and two-bedroom floor plans. Amenities include a pool, fitness center, business center, clubhouse, outdoor grilling and dining stations and onsite laundry facilities.
