News

RSK Buys Katy Parcel, BTR Homes on Way

Texas + Apartment Buildings

RSK Real Estate Partners is building a 156-unit build-to-rent community on Morton Ranch Road in Katy. The Houston Business Journal reports the company recently bought a 9.37-acre parcel near the H-E-B-anchored market in the Morton Ranch Development. RSK plans to build a mix of two- and three-bedroom duplexes: 103 three-bedroom rental homes and 53 two-bedroom...

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Skyline Ranch Owner Eyeing Southside Mixed-Use Project

Texas + Apartment Buildings

Robert Pitre has owned a 65-acre piece of property east of University Hills Boulevard and I-30 for 30 years. The site at 1801 E. Wheatland Road, called Skyline Ranch, is an events center. Now, he has successfully secured a rezoning from the City Council, which will allow him to build a mix of housing and...

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Growing Taylor Lands 100-Acre Development

Texas + Apartment Buildings

With a massive Samsung plant going in (photo), the town of Taylor is on developers’ radars for projects of all stripes. Forterra Developers is planning 100 acres of development adjacent to the new factory in Taylor. Samsung is expected to hire up to 10,000 people in Taylor alone to man the $42 billion plant. The...

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Berkadia Arranges Debt, Equity for Tampa Value-Add Property

Phoenix & Southwest + Apartment Buildings

Berkadia arranged the debt and equity recapitalization of Pointe at Carrollwood, a 224-unit value-add apartment community in northwest Tampa, Florida. Built in 1984 and located at 4949 Marbrisa Drive, Pointe at Carrollwood is situated in a natural conservation area of Tampa, surrounded by lush landscaping and natural lakes. Scott Wadler, Matt Nihan, Matt Robbins, Brad...

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California Rolls Back CEQA for Urban Infill Development

California & West + Apartment Buildings

California Gov. Gavin Newsom has signed into law a legislative package that includes broad exemptions to the 54-year-old California Environmental Quality Act (CEQA). Housing projects in urban infill areas that have already been approved under city and county environmental review will no longer need to be subjected to further state assessment under CEQA, which has...

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Jones Street Acquires Danbury Apartments from FPA

New York & Tri-State + Apartment Buildings

 JLL Capital Markets arranged the sale of ReNew Danbury, a 192-unit multifamily community in Danbury, CT. Senior managing directors Steve Simonelli, Jose Cruz and Michael Oliver, directors Elizabeth DeVesty, Ryan Roberston and Austin Pierce and associate Jeremy Weinstock worked on behalf of the seller, FPA Multifamily, LLC. The buyer was Jones Street Investment Partners, which acquired the property for...

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Nauset Completes New England’s First Senior Cohousing

Boston & New England

Nauset Construction has completed Hager Homestead, reportedly New England’s first senior cohousing community. Located on a 15-acre parcel of land that was home to a former local dental practice and residence on King Street in Littleton, MA, 25 miles northwest of Boston, the neighborhood includes 26 one- and two-bedroom homes across five distinct buildings. Challenges for...

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Kiser Group Brokers Sale of Fully Renovated MF Building in Chicago

Kiser Group has completed the sale of a 36-unit multifamily property located at 5201 W. Washington Blvd. in Chicago’s Austin neighborhood. The property sold for a final sale price of $2.6 million. Kiser Group Advisors Noah Clark and Jack Petrando represented both parties in the transaction. The building was 100% occupied at the time of...

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