Home Property, Rentals, Transactions
Stream Realty Partners, a full-service national real estate investment, development and services company, has announced plans to develop a 150-unit, active adult, apartment community in San Antonio. The 55-plus living community is the first of its kind in San Antonio, offering a fully integrated lifestyle that will allow residents the opportunity to explore health and wellness initiatives, social activities and group service projects. Stream expects to commence on the project in early 2016
Martha Vasguez, 61, a retired hairdresser, lives on a fixed monthly income after illness forced her to retire six years ago. Though her home is paid for, she does not have money left at month's end to pay for necessary repairs
Stream Realty Partners, a national real estate services, development and investment firm, is finalizing the design phase on a 12-story, 271,000 square foot development.
Texans who sustained property damage as a result of the ongoing severe storms and flooding are urged to register with the Federal Emergency Management Agency (FEMA), as they may be eligible for federal and state disaster assistance.
Kennedy Funding Financial LLC (KFF) has completed an $880,000 loan to Houston, Texas-based Sleep Shop & Bunk Bed World, announced Kevin Wolfer, CEO of the Englewood Cliffs, NJ-based direct private lender.
This and every month, TDHCA lays out everything in its basket of home buying options for affordable taste buds, from traditional 30-year fixed rate loans and down payment and closing cost assistance, to mortgage credits, and even a combo plate that includes a loan and mortgage credits. Interested? Here’s a spoonful of favorite TDHCA-administered programs
Early Tuesday, House Bill 2590 (HB2590) passed the Texas Senate on a unanimous vote. The bill, authored by State Representative Eric Johnson (D-Dallas) would allow state and local prosecutors to take action to combat a form of real estate fraud where scam artists sell homes to unsuspecting, less-affluent buyers that the seller does not own or have legal rights to.
The City will continue to enforce a two-day-per-week schedule for households, but will expand hours outside the previously allowed 6 p.m. to midnight period to allow residents to irrigate plants and lawns anytime on their designated watering days.
The U.S. Department of Housing and Urban Development (HUD) has awarded the Housing Authority of the City of Austin (HACA) $250,000 to improve security and monitoring at Lakeside Apartments, an elderly public housing property located in Downtown Austin.
Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it has signed a definitive agreement to acquire a 9-hotel portfolio for total consideration of $224 million in cash ($179,000 per key).
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $13 million bridge loan to finance the acquisition and rehabilitation of a multifamily property located in Irving, Texas.
Kennedy Wilson represented the seller in the sale of an 18.3 acre parcel of land located at the corner of Old Farm to Market 2243 West and North Bagdad Road in Leander, Texas. Ernest Brown, CCIM, managing director of Kennedy Wilson Brokerage in San Antonio, represented the seller, Firstmark Credit Union, in the transaction. The buyer was Bruce Nakfoor, an active local real estate developer. Further details of the transaction were not disclosed
Mike Graham Heating And Air Conditioning today announced the launch of www.mgpcomfort.com as an informational portal that features educational resources on subjects such as property value benefits from air conditioning repairs, heating repairs and air cleaners, and many other helpful tips that can save you thousands of dollars in the Wichita Area
Drawbridge Realty announced today the signing of a new seven-year lease with Younicos AG for approximately 32,500 square feet at 3100 Alvin Devane in Austin, Texas.
The Company intends to finance the property with approximately $21.2 million of non-recourse mortgage debt. The purchase price represents a trailing 12-month cap rate of 8.8% on net operating income and a trailing 10.3x EBITDA multiple.
Construction risk expert Leigh Ann Henderson has joined Partner Engineering and Science Inc. (Partner), a national due diligence, design and construction risk management firm headquartered in Torrance, Calif., as a Principal and National Client Manager
Family Gateway is leading the Dallas community to end child homelessness. For the first time in 30 years, the primary facility, Annette G. Strauss Family Gateway Center (Center) dedicated to homeless children and families has received a significant renovation. In the last 3 years, the number of families served by Family Gateway grew 750%. Each night in Dallas, an estimated 5,000 children and their families will not have a safe place to sleep.
Mayor Ivy R. Taylor, Dick Evans of Frost and Graham Weston of Weston Urban announced today that the City, Weston Urban and Frost have negotiated a deal that will result in a consolidated office tower for City operations, facilitate the development of 265 new housing units in the Central Business District and forever alter San Antonio's skyline with the construction of the first new office tower downtown since 1989. The new tower will house the headquarters for Frost Bank.
Pete Neubig of Empire Industries Property Management in Houston, Texas, receives the Rocky Maxwell Award from the National Association of Residential Property Managers (NARPM).
On Thursday, April 16, the House voted 240-179 to repeal the federal death tax. In response to Congress, the President has threated to veto the repeal, leading most experts to predict a continuation of the long-standing tax. The death tax will likely stay in place despite its detrimental effect on family businesses and strong opposition from the American public, reports Tax Trends Weekly