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TEXAS - Greystone Closes $20 Mil CMBS Financing on TX Multifamily Property 10/23/13 Greystone has closed a $20.15 mil CMBS loan for The Place at Greenway property in Houston, TX. The Place at Greenway comprises 219 units with amenities including a pool, clubhouse, reserved covered parking and fitness center....
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TEXAS - Out-of-State Investor Buys 168-Unit Dallas Multifamily Community 10/21/13 An Illinois-based limited liability company has acquired Ashton Oaks, a 168-unit luxury multifamily community in North Dallas. The price was not disclosed.
Built in 1988 on approximately seven acres, Ashton Oaks is located a...
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Doodle Properties Invests in Pahrump 10/17/13 In a Nevada medical office property buy, a 12.5k sf building sold for $3.8 mil, or just over $300/sf. The building is located at 330 Lola Lane in Pahrump, located about 65 miles west of Las Vegas on the Nevada side of the bor...
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TEXAS - LA Fitness Popular in Houston 10/16/13 A 45k sf, LA Fitness facility in the city of Houston recently sold for $12 mil ($267/sf). The high-quality property is located at 9633 Westheimer Rd, in a wealthy area of Houston.
The property is surrounded by Wal-Mart, Hom...
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Phoenix Apartment Buy Financed with $2.86 Mil 10/16/13 Neal Churney, CCIM, and Dave Susank in Johnson Capital’s Phoenix office have arranged a $2.86 mil acquisition loan for a multifamily property in Phoenix, AZ. The property, called Bella Verde, contains 181units and was built ...
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TEXAS - Hines to Master-Plan High-End Community on 46-Acre Houston Site 10/15/13 In development news out of Houston, TX-based Hines picked up a 46-acre tract of land inside the 610 Loop at Interstate 10, located on Old Katy Rd behind Star Motor Cars and next to The Houston Design Center The firm plans to ...
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TEXAS - Dornin Acquires Two Value Add Office Buildings in Houston, TX 10/14/13 Dornin Investment Group has acquired two well located, Class B office buildings located in the prestigious Energy Corridor office submarket in Houston. The buildings, totaling 165k sf, were purchased in an off-market transact...
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Johnson Capital Arranges $4 Mil for Phoenix Apt 10/14/13 Neal Churney, CCIM, and Dave Susank in Johnson Capital’s Phoenix office, have arranged a $4.1 mil refi loan for a multifamily property in Phoenix, AZ. The property, called Desert Springs, contains 135 units. Built in 1985, th...
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TEXAS - Vegas Investment Group Acquires 344-Unit Texas Multifamily Asset 10/09/13 In a large Texas multifamily buy, a Las Vegas-based investment firm purchased Coppermill Apartments, a 344-unit apartment complex on San Antonio’s northwest side. The terms of the sale were not released.
Coppermill Apartment...
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TEXAS - Wood Partners Begins Work on 249-Unit Res Development in Dallas 10/08/13 Wood Partners has broken ground on a $36.3 mil, four-story apartment community adjacent to a Dallas Area Rapid Transit light rail station. The project, Alta Maple Station, is expected to be completed in early 2015.
Alta Map...
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TEXAS - Steadfast REIT Boosts Portfolio by Over 1,000 Apt Units 10/07/13 Steadfast Income REIT Inc has purchased three apartment communities totaling 1,046 units in separate transactions for a combined price of $96.9 mil. These latest acquisitions, Watermark at Indian Lake Village in Nashville, Br...
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TEXAS - Corpus Christi Multifamily Property Trades Hands 10/04/13 An Austin, TX-based buyer has acquired Baypoint Resort, a 350-unit luxury multifamily complex located minutes from Corpus Christi Bay in Corpus Christi, Texas. Built in 1998 on approximately 30 acres, the property is located ...
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Sares*Regis Closes 156-Unit Denver Apt Buy 10/03/13 Sares*Regis Multifamily Fund acquired Arabella, a 156-unit multifamily community in Denver, CO. The asset, located in the center of the Denver Tech Center, an 850-acre business hub south of downtown with more than 25 msf of o...
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TEXAS - Spec's Wine Spirits and Distribution Center in Lowry Crossing Sells 10/02/13 A California investor purchased Spec's Wine Spirits and Distribution Center, a 14.3k sf, net-leased property located off University Dr in Lowry Crossing, TX.
Alvin Mansour of The Mansour Group represented the seller, a deve...
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Investor Hits Bullseye with Buckeye AZ Multifamily Buy 10/02/13 Main Street Lofts at Verrado, a Class A, 45-unit condo-quality multifamily property located at the center of the Verrado master-planned community in Buckeye, AZ, was purchased by Waitt Verrado LLC for $4.73 mil ($105k/unit). ...
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Mesa West Funds Two CO Deals Totaling $84 Mil 10/01/13 In separate transactions Mesa West Capital has funded two loans totaling $84 mil in non-recourse, first mortgage debt for the acquisition of the Hyatt Regency Denver Tech Center in Denver, CO and the refinancing of the Park H...
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Vegas Office/Retail Asset Trades Hands 9/30/13 E-Grand Ventures LLC has purchased a 137k sf, Las Vegas retail/office building located at the Mall at Grand Canyon in an all-cash transaction. The property, located at 4245 S. Grand Canyon Pkwy, was sold by Karlin Grand Canyo...
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TEXAS - MIG Real Estate Closes 240-Unit Res Buy in the Houston Metro Area 9/26/13 OC-based MIG Real Estate recently acquired Pine Creek Ranch, a 240-unit apartment home community in the Houston metro. Situated on 12 acres of land at 3600 College Park Drive in The Woodlands, Pine Creek Ranch is in one of th...
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Hughes Center in Las Vegas Purchased by Blackstone for $347 Mil 9/23/13 Hughes Center is home to several major tenants, including Gordon Silver, Ameristar, Wells Fargo Bank, Venetian, Boyd Gaming, Snell & Wilmer, and Lewis and Roca, LLP. The project also includes several restaurants: Del Frisco’s...
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Bascom Completes 336-Unit Vegas Multifamily Acquisition 9/20/13 The Bascom Group closed on an institutional-quality multifamily buy in Las Vegas, paying $36.575 mil for Broadstone Montecito, a 336-unit Class-A garden-style community located at 9745 Grand Teton Dr, east of Grand Canyon Dr ...
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