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Archives: November 2020

GVA Management acquires apartment asset

​​DALLAS – GVA Manag​ement has purchased Bella Vista Creek, a 272-unit, Class B multifamily community at 3402 S. Buckner Blvd.  Built in 1985 and 1987, the complex has a mix of one- and two-bedroom un​its. Amenities include a business center, clubhouse, swimming pool, and gated access.  The buyer plans an extensive rehab project. CBRE represented the seller, […]

Austin condo tower set for 2021 groundbreaking

​​AUSTIN – Locally based Pearlstone Partners and New York-based ATCO Properties and Management are developing a 41-story condominium tower in the Rainey Street Historic District. Currently referred to as “The East Tower,” the project will include 284 units averaging 975 sf. Prices will be between $499,000 and ​​$999,000.​ Work starts in second quarter 2021 with completion set […]

Downtown SA's Hotel Contessa sold

SAN ANTONIO – Hotel Contessa, a 265-room hotel in the Riverwalk area, has been sold. The 12-story building at 306 W. Market St. was built in 2005.  It has 10,000 sf of event spac​e, a rooftop pool, restaurant/bar, and full-service spa. Hodges Ward Elliott represented the seller and arranged financing on behalf of the buyer. ​​ […]

'Cost-efficient' rental housing debuts in Katy

KATY – Alliance Residential Co. ​has opened Prose West Cypress, a 336-unit “cost-efficient” apartment community at 19770 Clay Rd.  The Prose brand is intended to be more ​affordable by eliminating lavish amenities and upscale common area features many area apartments have.  The Real Estate Center​​​​ has more information like this online for free: ​​​​Texas Quarterly Apartment Report​​ Houston […]

265-unit Riverwalk hotel trades hands

​SAN ANTONIO – Wheelock Street Capital has purchased Hotel Contessa, a 26​5-unit all-suite hotel at 306 W. Market St.  Built in 2005, the 12-story building has a rooftop pool, restaurant and bar, spa, and 10,000 sf of event space.  Get more San Antonio-area hotel news​ on the Real Estate Center’s website. ​Source: San Antonio Business Journal