HOUSTON – Pebble Creek, a 136-unit garden-style multifamily community at 10803 Greencreek Dr., has been purchased as part of a 1031 exchange. Pebble Creek was 97 percent occupied at the time of sale. The average floor plan is 865 sf. read more…
Archives: June 2022
San Antonio medical facility getting fresh start
SAN ANTONIO – Nutex Health has purchased a 55,000-sf medical facility at 4330 Vance Jackson in northeast San Antonio. Previously the Nix Specialty Health Center, the property was unoccupied at the time of transaction. The facility will be turned into a small hospital and emergency room. NAI represented Nutex in the acquisition. read more…
Park at Waterford Harbor under new ownership
HOUSTON – Hamilton Zanze has acquired the Park at Waterford Harbor in Kemah. The community, located at 1420 Marina Bay Dr., was 96.5 percent occupied at the time of purchase. The Park at Waterford Harbor has 200 units averaging 982 sf. read more…
Luxury Homes Are in High Demand
As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor. It could be a […]
Vista Investment acquires 122 units in south Austin
AUSTIN – Vista Investment Group LLC has purchased Soco Apartment Homes at 6300 S. Congress Ave. Constructed in 2004, the 122-unit community comprises one-, two-, and three-bedroom units across 16 buildings. The new owner will renovate the pool, barbecue areas, and fitness center. read more…
Lake Travis to welcome 186-unit community in 2024
AUSTIN – Aspen Heights Partners has begun construction on a 186-unit multifamily complex near Lake Travis. One-, two-, and three-bedroom units will be available. The community should begin taking tenants in summer 2024. read more…
Avanza Loop acquires 128K sf of El Paso industrial space
EL PASO – Avanza Loop Inc. has leased 128,754 sf of industrial space at 12432 Mercantile Ave. Located in the El Paso Logistics Park, the project wrapped up construction in September 2021 CBRE represented the landlord. De la Mora represented the tenant. read more…
Waco student housing project trades hands
WACO – Productive Capital Associates has acquired Heritage Quarters, a 106-unit student housing complex near Baylor University. Built in 2008, the 374-bed community includes a pool, fitness center, billiard room, and parking garage. The Multifamily Group represented the seller. read more…
1,116-bed San Marcos student housing under new ownership
SAN MARCOS – Cardinal Group Cos. and TPG Real Estate Partners collaborated to purchase The Village at Telluride, a student housing complex at 201 Telluride St. The 385-unit community includes two resort-style pools, fitness center, and newly renovated clubhouse. Ownership intends to add in-unit furnishing and upgrade appliances, countertops, flooring, pool area, and the outdoor […]
What Are the Best Options for Today’s First-Time Homebuyers?
If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold. If you partner […]