Texas

JLL Capital Markets Arranges Construction Financing for Lirica East Austin in Austin, Texas

by Channing Hamilton December 29, 2023

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 …

December 29, 2023

Development News Texas

Wayfinder Real Estate, Read King Commercial Real Estate Break Ground on The Oak at Katy Park Near Houston

by Channing Hamilton December 11, 2023

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 …

December 11, 2023

Investment Sales News Texas

The Multifamily Group Negotiates Sale of 128-Unit Midtown Apartments in Temple, Texas

by Channing Hamilton December 11, 2023

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.

December 11, 2023

Investment Sales News Texas

Matthews Real Estate Investment Services Brokers Sale of Marsol Apartments in Austin, Texas

by Channing Hamilton December 7, 2023

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.

December 7, 2023

Investment Sales News Texas

35 South Capital Purchases 84-Unit Village Place Apartments in Houston

by Channing Hamilton December 5, 2023

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.

December 5, 2023

Development News Texas

Trademark Property Co. Acquires 37 Acres Near Houston for Mixed-Use Development

by Channing Hamilton December 1, 2023

CYPRESS, TEXAS — Trademark Property Co. has purchased 37 acres in the northwestern Houston suburb of Cypress to develop a mixed-use project. The site is located within the 1,300-acre Dunham Pointe master-planned development. Preliminary plans for the development call for 500 apartments, as well as 225,000 square feet of retail, restaurant and entertainment space. Trademark Property Co. plans to start construction in the second quarter of 2025 and open the development in late 2026 or early 2027.

December 1, 2023

Investment Sales News Texas

ECI Group Sells The Columns at Westchase Apartments in Houston to Mosaic Residential

by Channing Hamilton December 1, 2023

HOUSTON — ECI group (ECI) has sold The Columns at Westchase, a 318-unit community in Houston, to Mosaic Residential for an undisclosed price. The Columns at Westchase was built in 1999 and acquired by ECI in 2018. Since 2018, ECI has renovated the community with updates to unit interiors, the clubhouse, leasing office, pool, fitness center, and BBQ pavilion as well as unit exteriors, roofs and landscaping. David Mitchell at Newmark represented the seller in the deal.

December 1, 2023

Investment Sales News Texas

Greysteel Arranges Sale of 16-Unit University Village in Fort Worth, Texas

by Channing Hamilton December 1, 2023

FORT WORTH, TEXAS — Greysteel has arranged the sale of University Village, a 16-unit property in Fort Worth. The community is located less than a block from Texas Christian University, and is in proximity to Kroger Fresh Fare, two national banks, multiple coffee shops, a dozen fast casual restaurants and a 7-Eleven. Andrew Mueller of Greysteel’s national multifamily team negotiated the sale on behalf of the undisclosed buyer and seller.

December 1, 2023

Development Leasing & Marketing News Texas

JPI Begins Leasing 360-Unit Jefferson Cedar Ridge in Dallas

by Channing Hamilton November 30, 2023

DALLAS — JPI has begun leasing Jefferson Cedar Ridge in located near the southwest corner of Interstate 20 and Cedar Ridge Drive in Dallas. The development is located less than four miles from the Cedar Ridge Preserve, a 603-acre nature preserve. According to Apartments.com, the complex features 360 units in one-, two- and three-bedroom layouts. Amenities include a fitness center, clubhouse, business center, pet play area and EV chargers.

November 30, 2023

Development News Texas

Ryan Cos. Tops Out 345-Unit Rivette Tower in Austin, Texas

by Channing Hamilton November 29, 2023

AUSTIN, TEXAS — Ryan Cos. has topped out Rivette Tower, a 345-unit complex in Austin. The property is located within the 700-acre Mueller community, the redevelopment of the former Robert Mueller Municipal Airport. The development, which is situated adjacent to the former airport’s iconic control tower structure, comprises two mid-rise buildings. The 538,000-square-foot project will offer a pool, private courtyards, co-working spaces, outdoor private and community spaces, bike maintenance and storage facilities, a central paseo and rooftop deck. Rivette Tower is expected to be completed by the third quarter of 2024, with the first …

November 29, 2023

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