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ARA Newmark announces the sale of Promesa, a 289-unit luxury community in affluent west Austin, surrounded by scenic Texas hill country. Promesa, one of the capital city’s first eco-friendly complexes, was approximately 93 percent occupied at closing.
 
Austin-based Vice Chairman Pat Jones represented an undisclosed seller and procured Peak Real Estate Management, a Houston-based real estate investment and management company, as the buyer for an undisclosed price.
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Houston-Based Peak Real Estate Management Buys Promesa Apartments In West Austin

Promesa apartments in West Austin has a new owner. Houston-based Peak Real Estate Management purchased the 289-unit Class- ...

Feb 08, 2017
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Houston Flood
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Houston's Flooding Symposium Gets Flooded Out

... -billion dollars for infrastructure since City Council created the ReBuild Houston drainage fee in 2010. Last week the mayor announced a ...

Jan 19, 2017
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Houston Designates Seven Historic Landmarks
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Houston Designates Seven Historic Landmarks

... architect Joseph Finger who designed many landmark buildings, including Houston’s City Hall. He designed this elaborately detailed, 7 ... . The Melrose Building at 1121 Walker St is considered Houston's first modern skyscraper. The building was deeply admired ...

Dec 21, 2015
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Houston's Healthcare Real Estate Booms Despite Oil's Bust
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Houston's Healthcare Real Estate Booms Despite Oil's Bust

... in several growing submarkets, specifically Northwest, Northeast and West Houston. His optimism isn’t just a one-off. Every ... golden age of healthcare real estate construction, but the Houston Medical Center is also seeing huge expansion.  Baylor College ...

Dec 18, 2015
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Houston's 15 Biggest Deals of 2015, Part 2
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Houston's 15 Biggest Deals of 2015, Part 2

Memorial Hermann is not only the largest healthcare system in Houston, it now claims the largest healthcare tilt-wall project in ... not a billionaire for nothing. Tilman Fertitta broke ground on Houston’s first vertical fully mixed-use development, The Post ...

Dec 17, 2015
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Good Shepherd
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Houston Architects And CRE Pros Team Up To Build Home For At-Risk Boys

Three leading Houston architecture and design firms—Abel Design Group, HOK and Kirksey ...

Nov 02, 2016
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The Woodlands Waterway
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Houston History: The Woodlands

... pointing to developments like Kingwood. Eventually the City of Houston and The Woodlands agreed to allow The Woodlands to determine ... . The tightly controlled development stands in stark contrast to Houston’s lack of zoning. Now a mature community, the ...

Oct 13, 2016
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Houston Valve Company Breaks Ground on 41-acre Facility
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Houston Valve Company Breaks Ground on 41-acre Facility

This Tuesday, Houston-based FloWorks International broke ground on a 225k SF space ... the City of Pearland in 2012 to encourage industrial development. Houston-based American Commercial Contractors will design and build the sprawling ...

Sep 24, 2015
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Houston to Dallas Bullet Train Could Attract More Tenants; Here’s Why
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Houston to Dallas Bullet Train Could Attract More Tenants; Here’s Why

... destination for business, Chip says. The economies of Houston and Dallas are somewhat different, but complementary, so ... prospective tenants if the Houston railhead is located in Downtown Houston. Overall, locating the Houston railhead near Downtown is ...

Sep 04, 2015
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Classroom
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Houston BOMA's Back To School Bash Set For The 11th

The Back To School Bash has returned! Presented by Houston BOMA, the event will feature friends and wine and a ...

Aug 04, 2016
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