The apartments in the Med Center zone are changing hands

Duma Land II purchased 4.7 acres at 11900 Wallisville Road. CE “Trey” Erwin III of Lee & Associates represented the purchaser.

EAS Houston LLC purchased the co-op at Med Center, a 200-unit garden-style property at 7710 S. Main. Scott Bray, Ryan Epstein and Jennifer Ray of Walker & Dunlop represented seller Urban Genesis. Originally built as a hotel, the property was converted to a multi-family community in 2018. The new owner is planning improvements including interior unit renovations, community amenities and technology upgrades.

Based in Houston Vortexa Cytp purchased the 85-Key Courtyard by Marriott Galveston, 9550 Seawall Blvd., and the adjacent 88-key TownePlace Suites by Marriott Galveston, 9540 Seawall Blvd., from Silver Services. Eric Guerrero, James Rebullida and Fadi Rawashdeh of HVS Brokerage & Advisory negotiated the sale of the portfolio.

Based in New York SVN | SFR Capital Management formed a joint venture with Coronado West invest in, build and operate a portfolio of approximately 1,000 to 1,500 new single-family rental homes per year. The partnership aims to build and acquire approximately $ 300 million of completed homes per year. Target markets include Charlotte and Raleigh, North Carolina, Jacksonville, Tampa, Atlanta, Dallas, San Antonio, Austin, Houston, Denver, Fort Collins, Colorado, Las Vegas and Phoenix.

a undisclosed buyer purchased 6.2 acres at the intersection of Beltway 8 North and Hardy Toll Road. Mohamed Gamal of Resolut RE represented the vendor, Kareem Gamal, president of Gamal Enterprises.

Rockspring, a Texas-based real estate company, announced that its brokerage arm completed the following transactions during the third quarter. Eustler Technical products purchased a 23,000 square foot industrial property at 3724 Creekmont from JKM Interests. Crossfit Houston Center purchased a 16,000 square foot industrial building at 1308 N. 1st St. in Bellaire from First Street Partners. Development of Treated Oak purchased a 165 acre property off FM 2854 in Montgomery County for a future single family community. Mill Creek Residential purchased a 3 acre property in the Garden Oaks area off Crosstimbers for future multi-family development. Braun
Companies purchased a 2.8 acre property with a 38,000 building off W. 34th in the Garden Oaks area for future redevelopment. Rockspring’s James Kadlick and Harrison Kane handled the transactions.

Arden Group and Arcapita Group has formed a joint venture to acquire multi-tenant industrial properties in major US markets. The company acquired an initial portfolio of $ 550 million and 18 properties spanning 5 million square feet in Atlanta, Charlotte, Columbus, Dallas, Houston, Philadelphia and Indianapolis. An additional $ 250 million of investments in 32 properties are expected to close soon. Jones Lang LaSalle Securities advised on the formation of the joint venture and helped organize the financing for the acquisition.

Summit Hotel Properties, in a joint venture with GIC, has entered into an agreement to acquire a portfolio of 27 hotels and two car parks across the Sun Belt from NewcrestImage subsidiaries. The purchase includes the 195-room AC Hotel by Marriott Houston Downtown.

Hakikas transport leased 2,315 square feet at 11,200 Westheimer. Michael Gordon represented the tenant. Donna Svec represented the owner, Hartman Income REIT.

SGR renewed 5,945 square feet at 3707 FM 1960. Charla Carr with CARR Inc. represented the tenant. Brent St. Amant represented the owner, Hartman Income REIT.

Ajmal Anar, Najibullah Ahmad Zai and Mohammad Bayan leased 5,845 square feet at 6959 Harwin. Wil Logan represented the owner, Hartman Income REIT.

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About Adam Gray

Adam Gray

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