Houston

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.

ZOM Texas Breaks Ground on a Luxury Community in Houston’s Galleria/Uptown District

ZOM Texas has broken ground on The Hudson, its third community in Houston. The project will add 431 units to the Galleria/Uptown market.

McCann Breaks Ground on Houston Luxury Apartment Community

Construction has begun on Shadow Creek Ranch Apartments, a 350-unit Class A community that McCann Realty Partners is building in Houston.

Carroll Organization Acquires Lakeview Lofts in Houston

Carroll Organization has finalized the purchase of Lakeview Lofts in the Bear Creek/Copperfield submarket of Houston, bringing the company’s 2013 multifamily acquisition totals to more than $700 million.

Houston Astrodome Named One of the Most Endangered Historic Places in the U.S.

Once referred to as ‘the Eighth Wonder of the World’, the Houston Astrodome now finds itself in desperate need of a viable reuse plan in order to avoid demolition.