Southern Land Company is building a major project at 2811 Kirby Drive in Houston, the first in the Houston market. Groundbreaking is expected this year. The site, in Houston’s Upper Kirby district and centered in the popular River Oaks neighborhood, will be home to a mixed-use project of nearly 1 million square feet. It will include two towers – one 38 stories, the other 10 stories – rising from a shared parking garage building that will also include 6,500 square feet of restaurant space.
The 38-story apartment tower will feature 331 apartments and 18 penthouses. The 10-story tower will feature four stories of office space. Amenities include a spa, guest suites and a fitness center open to both residents and office tenants.
A separate 10,000-square-foot restaurant building is also planned.
Stream Realty Partners in Houston is leading marketing and leasing efforts for the office space.
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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