Texas
Metro Nashville Apartment Community Trades for $60M
Marcus & Millichap brokered the $60-million sale of The Grand Reserve Spring Hill, a 290-unit apartment community in Spring Hill,… Read more
JLL Secures Refi on Apartments within Jersey City MXU
JLL arranged the $42.5-million financing of Rivet, a mixed-use apartment and retail property in New Jersey City University’s University Place development in Jersey City. A… Read more
Queens’ Tallest Condo Tower Banks $220M Ahead of Sales Push
Sales are officially underway at Skyline Tower, the city’s tallest building outside Manhattan. Brokerage firm Modern Spaces has sold $223 million worth… Read more
AIA Closes on South Side Portfolio Deals
Apartment Investment Advisers (AIA) recently closed two separate South Side apartment building portfolios. One was a three-building, 71-unit apartment portfolio… Read more
119-Key Marriott Residence Inn Planned for Waterside MXU
Trademark Property Co. announced that a 119-room Marriott Residence Inn will be built at Waterside, a 63-acre, mixed-use project in… Read more
2018 Tourism Adds $8.7B to Austin Economy
Austin’s tourism industry was lucrative to the metro’s economy in 2018. According to Red Awning Group, visitors to Texas’ capital… Read more
Boxer Property Tapped to Lease Three Greenspoint Properties
Holloway Lodging Corp. assigned Boxer Property with the task of leasing and managing space at three office properties in Houston’s… Read more
Commercial Construction on the Rise in Abilene
Business and commercial construction in the city of Abilene increased in 2019. Specifically, construction is almost three times greater in… Read more
H-E-B to Build 150K-SF Tech Center at HQ
Grocery company H-E-B announced plans to build a 150,000-square-foot, five-story tech center at its headquarters in San Antonio. The center… Read more
McDonald’s Seeking 3,000 Employees for DFW & Tyler
McDonald’s of Greater North Texas wants to bulk up the staff of restaurants throughout the Dallas-Fort Worth area, and Tyler,… Read more
Spaces Real Estate Merges with Offshoot Evolve
Residential brokerage Spaces Real Estate has merged with Evolve Real Estate, another residential brokerage with a focus on leasing. Evolve co-founder… Read more
Hunt Provides Fannie Mae Refi on Philly-Area Apartments
Hunt Real Estate Capital provided a Fannie Mae conventional multifamily loan of $35.8 million to refinance Center Square Towers, a mid-rise apartment… Read more
Meridian Tapped for Court-Ordered Sale of Hamptons Condo Project
Meridian Investment Sales has been exclusively appointed by the debtor to sell a substantially completed waterfront condominium project in the Town… Read more
Berkadia Arranges $19M Recapitalization for Fractured Condos in Orlando
Berkadia arranged a $19-million loan for the recapitalization of 174 units at Discovery Palms, a 336-unit fractured condo community in… Read more
Related Group Secures $75M Refinancing for Tampa MF Community
The Related Group secured a $75-million loan to refinance Town Westshore, a 396-unit waterfront multifamily community currently under construction in… Read more
Sale of Detroit Hotel Comes in Near Market’s Historic Highs
In one of the highest recorded transactions per key in Detroit history, GFI Hospitality has sold the 198-key Hilton Garden… Read more
Austin Business-Cycle Index Expands Amid Tepid Labor Force Growth
The Austin Business-Cycle index expanded in June 2019, at an annualized rate of 8.1%. According to the Federal Reserve Bank… Read more
Equity Commonwealth Sells 1M-SF Research Park
Equity Commonwealth closed the sale of Research Park, a 1.1-million-square-foot office and industrial development in northwest Austin. Also part of… Read more
Houston Farmers Market Redevelopment Underway
MLB Capital Partners began construction on the Houston Farmers Market redevelopment project. The local developer is making upgrades to the… Read more