Multifamily

Houston's multifamily market continued its positive momentum through first quarter 2018, and investors continue to purchase, given the demand for apartment investments amid shrinking supply.

The new ownership plans to demolish the existing building between Eight and Ninth avenues and construct a new nearly 350,000-square-foot mixed-use property in its place.

“There is a lending void in specific segments of commercial real estate, especially those under $5 million in size,” says Ben Easterlin V, senior vice president of commercial lending at Angel Oak, and managing director of the new commercial lending arm.

"Whistle stop" suburbs in particular are great locations for new transit-oriented developments.

Robust demand for rental units and rising construction costs fuel more deconversion efforts.

FPA Multifamily has made a handful of acquisitions in recent months.

The demand for amenities—everything from luxury dog spas to Internet-connected collaborative workspaces—is creating a real estate race among well-capitalized developers of next-generation apartment buildings.

The master development plan, developed in partnership with Beyer Blinder Belle, would include entertainment, retail, office, hotels and luxury residential housing geared at bringing first-class amenities to the sports district.