Houston
Renovations in Full Force at Estates at Fountain Lake in Houston
Prime Property Investors has completed the first phase of unit renovations at Estates at Fountain Lake.
Podcast: Oil and Apartments
Will oil prices continue to drop? What does cheap oil mean for jobs and apartments in the the energy markets? MHN’s Mike Ratliff and Jack Kern aim to find out in this special edition research podcast.
TODAY’S DEALS: Kushner Cos. Acquires New York Walk-Up Portfolio for $131.5M
Kushner Companies closes on the acquisition of a 16-building, 291-unit portfolio of Manhattan and Brooklyn multifamily walk-up properties; and HFF secures financing for a property near the University of Houston.
Another SkyHouse Joins The Houston Skyline
The SkyHouse development partnership has broken ground on SkyHouse Main.
TODAY’S DEALS: Arbor Funds Five-Year FRM Under Freddie Mac’s New Loan Offering
Arbor Commercial Mortgage funded its first loan under the newly launched Freddie Mac Small Balance Loan initiative for Nettleton Commons in Syracuse, N.Y.; and BMC Capital provides a $829,411 cash-out refinance.
TODAY’S DEALS: HFF Secures $46.73M 30-Year, Fixed-Rate Permanent Loan from M&T Bank
HFF announces it has secured $46.73 million in financing for the recently completed The Trails at Timberline; and BMC Capital provides a $4.8 million loan for a Houston property.
TODAY’S DEALS: Mack-Cali, Ironstate Land $192M via NorthMarq for Jersey City Apartment Tower
NorthMarq arranges $192 million for a 763-unit development; CBRE Global Investors acquires 432 units in The Woodlands; and Everbank funds a $2 million acquisition loan for a mixed-use property in Chicago.
TODAY’S DEALS: Hunt Mortgage Group Refinances Two Houston Assets
Hunt Mortgage Group (formerly Centerline) provides $12.5 million to refinance two Houston apartment assets; Walker & Dunlop structures $56 million in HUD financing for a Louisiana portfolio; and Meridian Capital arranges a $31.6 million financing with cash-out and reduced prepay penalty.
TODAY’S DEALS: Newly Built San Antonio Property Trades Hands
The NPR Group sells a 300-unit asset in Houston to Pensam Capital; Carroll Organization and The Carlyle Group complete a Houston apartment disposition; and GFI fetches $175k per unit for a 53-unit apartment building in the Bronx, N.Y.
MARKET SNAPSHOT: Demand in Houston Remains Strong as Economy Prospers
Strongly supported by a thriving energy sector as well as a robust multifamily industry, Houston’s economy is expected to experience further growth throughout 2014.