HOUSTON — Developer Henry Richardson is building a 260-unit development at 1888 Brittmoore Road in Houston. Ted Trout Architect & Associates is designing the project, and Blazer Building is the general contractor. The complex will rise four stories on a six-acre site. Units will come in one- and two-bedroom floor plans. Amenities will include a fitness center, business center, clubhouse and a dog park. Preleasing is underway. The project is slated to deliver this summer.
HOUSTON — Pagewood has purchased Costa Mesa, a 152-unit community in Houston. Amegy Bank provided acquisition financing for the deal. The seller and sales price were not disclosed. Costa Mesa comprises 12 buildings that each rise two stories. Units come in one- and two-bedroom layouts and range in size from 614 to 1,044 square feet. Amenities include a pool, clubhouse, playground, business center and onsite laundry facilities.
MISSION, TEXAS — Northmarq has brokered the sale of Las Misiones Apartments, a 118-unit complex in the Rio Grande Valley city of Mission. McGuire Family Properties purchased the asset from a pair of private investors for an undisclosed price. Zar Haro, Moses Siller, Phil Grafe, Bryan VanCura and Brian Booth of Northmarq brokered the deal. Las Misiones Apartments was built in 2005. The property offers one-, two- and three-bedroom units. Amenities include a pool, fitness center, business center, playground, clubhouse, basketball court and a lounge.
ARLINGTON, TEXAS — Marcus & Millichap has arranged the sale of Brookside, a 288-unit asset in Arlington. Reap Capital acquired the property, which comprises 22 buildings, for an undisclosed price. Marcus & Millichap’s Racht, Nick Fluellen, Bard Hoover and Chris Pearson represented the seller in the deal. Amenities at Brookside include a pool, fitness center and three outdoor grilling stations. Apartments feature stainless-steel appliances, fireplaces, reserved parking, covered parking and walk-in closets.
ARLINGTON, TEXAS — JLL Capital Markets has arranged a loan to facilitate the construction of The Grove at La Frontera, a 396-unit project in the Dallas suburb of Arlington. John Brownlee, Bo Beidleman and Chad Lisbeth of JLL worked on behalf of the borrower, Zale Properties, to secure the four-year, fixed-rate loan through Principal Asset Management. The Grove at La Frontera will include 336 apartment units, 60 single-family rental units and 10,000 square feet of ground-floor retail. Amenities include two pools, a fitness center, pickleball courts, a dog park and pet …
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 …