Berkadia announces it has arranged the sale of Bend at Oak Forest, a 392-unit, garden-style multifamily workforce community located in Houston. Managing Director Jeffrey Skipworth, Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Chris Young and Joey Rippel and Director Kyle Whitney of Berkadia Houston represented the sellers, a partnership between Goldcor Capital Partners, a real estate investment corporation based in Houston and Excelsa, a real estate investment company based in Bethesda, Maryland.

Kastle Assets, a multifamily investment and management company based in Houston, acquired the property.

“Bend at Oak Forest is a unique value-add asset in the affluent Timbergrove area of Houston and represents a great investment opportunity for Kastle Assets. The ongoing gentrification of the Timbergrove neighborhood and the proximity of the Houston Heights submarket ensure strong rental performance for Kastle. The new owners plan to implement a value-add strategy which will attract the growing segment of middle market renters seeking affordable but updated apartment options,” said Skipworth.

Located at 4000 Watonga Boulevard, Bend at Oak Forest offers one-, two- and three-bedroom apartments that average from 480 to 1,210 square feet. The updated individual unit amenities include wood-style flooring in entries, black or white appliance packages, frost-free refrigerators, walk-in closets, ceiling fans in bedrooms, and select-units feature; white shaker-style cabinets, kitchen pantries, carpeted bedrooms, washer and dryers, single basin undermount sinks and private patios and balconies. Community amenities include a clubhouse with Wi-Fi, a coffee bar, fully equipped fitness center, a swimming pool with seating and sundeck, a children’s playground, enclosed pet park, picnic tables with barbecue grills, open surface parking, clothes care centers and perimeter fencing and controlled access.

Bend at Oak Forest is near the sought-after Heights neighborhood Houston’s urban core with excellent accessibility to area amenities via the newly expanded Highway 290, including Memorial Park, Downtown Houston, the Galleria Uptown District and the only Houston station for the planned Texas Central bullet train.

HOUSTON, TX – September 27, 2022 – Stream Realty Partners recently completed over 65,000 square feet of leasing transactions at One and Three Riverway. Stream, a national real estate services, development, and investment company, worked with representatives from Commonwealth Projects, Centurion Selection, Thompson Coe, Caz Investments, Wright & Close, JD Allshouse, McKinney Taylor, Navigator CO2 Ventures, and King Ranch to execute the leases in the two Class A office towers in Houston’s prestigious Galleria submarket.

“Though the Galleria/Uptown submarket has seen recent announcements of a handful of notable tenants relocating further West, One and Three Riverway have maintained strong momentum with several new deals and expansions, a true testament to the asset’s quality and location,” said Brad Fricks, Senior Vice President of Stream Houston. “Our commitment to providing the highest level of service aligns perfectly with the ownership’s commitment to creating an exceptional experience at a great value for their tenants.”

One Riverway

· At One Riverway, Commonwealth Projects expanded into a full floor for 20,755 square feet. Noah Kruger of Savills represented Commonwealth Projects.

· Centurion Selection executed a 6,471-square-foot lease at One Riverway. Stream Associate Travis Williamson represented the executive search firm.

· Thompson Coe expanded its current lease at One Riverway by 12,635 feet, bringing the firm’s total space occupied to 53,566 square feet. CBRE’s Harlan Davis, Kevin Saxe, and Kevin Kushner represented Thompson Coe.

· CAZ Investments expanded its lease by 1,406 square feet. The company was represented by Louie Crapitto of JLL and now occupies 10,783 square feet of office space in One Riverway.

· Wright Close & Barger LLP expanded its lease by 4,439 square feet. The law firm, represented by Newmark’s Joshua Brown, now occupies 23,386 square feet.

Three Riverway

At Three Riverway, leasing activity included the addition of one new tenant, one expansion, and two renewals.

· JD Allshouse renewed 4,267 square feet. Chip Horne of Cushman & Wakefield represented the tenant.

· McKinney Taylor renewed 7,315 square feet and was represented by Cushman & Wakefield’s David Guion.

· Navigator CO2 Ventures secured a 3,928-square-foot space at Three Riverway. The tenant was represented by Noah Kruger of Savills.

· After signing a 4,156-square-foot expansion, King Ranch now occupies 22,672 square feet at Three Riverway. Lucian Bukowski of CBRE represented King Ranch.

One and Three Riverway are on the north side of the Galleria with easy access to Downtown and proximity to some of the most prestigious neighborhoods in Houston. Both towers underwent extensive renovations in 2020, offering sweeping views and outdoor terraces, tech-forward conference spaces, state-of-the-art fitness centers, on-site cafés, and ample parking. Fricks, Vice President Matt Asvestas, and Associate Danielle Rothchild of Stream Houston are the landlord representatives at One and Three Riverway.

About Stream Realty Partners

Stream is a commercial real estate firm with full-service offerings in leasing, property management, development, construction management, and investment sales services across the industry. In addition, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, Stream has grown to a

staff of more than 1,200 real estate professionals with regional offices in Atlanta, Austin, Carolinas, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, Nashville, Northern Virginia, Phoenix, San Antonio, San Diego, and Washington, D.C. Stream completes more than $5.8 billion in real estate transactions annually and is an active investor and developer across the nation. Visit www.streamrealty.com.

About Unilev Co

Founded in 1993 by Raymond Levy, Unilev Capital Corporation is a privately held real estate investment firm that specializes in the acquisition of well-located, income-producing commercial properties in the United States. Unilev typically focuses on core plus to value-add return profiles depending on the deal. Unilev Capital acquires properties through off-market and market-negotiated transactions that have ultimately resulted in an impressive track record for itself and its investors. Unilev Management Corporation is a full-service management company providing integrated due diligence, asset management, property management, accounting and engineering services. Unilev is headquartered in Beverly Hills, California with affiliated offices in Texas, Colorado, and Minnesota. For additional information, visit unilev.com.

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CONTACT: Brian Medricka
Stream Realty Partners
Director, National Communications, Public & Media Relations
214.560.3033

CONROE, TEXAS (September 19, 2022) MHW Real Estate is pleased to announce 1.46 acres of premier waterfront property now for sale. Located in Lake Conroe’s luxury neighborhood of Lake Shore Cove, this is the last waterfront property for sale in the area. Located across the bay from the best of Lake Conroe’s retail and dining options, the property offers a perfect location for resort-style living.

While Lake Shore Cove currently includes 12 stunning new homes, Mitchell Oxman, Principal for MHW Real Estate, said prospective buyers can expect these new lots to be enlarged. “The property is the finest location on the lake,” says Oxman. “It is directly across from plentiful shopping and dining on Highway 105, and is a short drive to The Woodlands and Houston.

This second phase of Lake Shore Cove comes on the heels of the success of the first phase, which was purchased in 2019. “The luxury homes in phase one sold instantly because of this incomparable location and MHW’s caliber of luxury homes,” says Oxman.

The site is approved for both permanent residences and vacation-rental use. The San Jacinto River Authority has also provided permission to build a private boat slip at each buyer’s option. Jody Czajkoski, President of MHW echoes Oxman’s sentiments regarding the property. “This tract of land is the most premier residential spot on Lake Conroe, residents will have all that they need in order to experience a unique “Live, Work, Play” lifestyle every day.” says Czajkoski. There is an easement contiguous to the property, and the 1.46 acres of land can be divided into four lots of equal size or combined in order to build a larger home or perhaps “your mansion on the Lake”. For additional information, contact MHW at 281.651.4898.

MHW Real Estate leads the way in real estate investment, construction & development, property management, and brokerage. With over 75 years of combined experience, MHW creates custom innovative plans specific to each client. Our goal is to meet each client’s requirements, monetary conditions and expectations.

Blockchain, tokenization and real estate will be the themes of the panel discussion. Our guests represent all aspects of the commercial real estate industry; from property owners, brokerages, developers and venture capital. More Event Information

LOCATION:
The Ion
4201 Main Street
Houston, TX 77002
View map

REGISTER TO ATTEND

Our Panelists and Moderator:

Samantha Lewis (Panelist)
Principal – Mercury Fund

Sandy Aron (Panelist)
President of Hunington Properties

Edward Nwokedi (Panelist)
Founder and CEO, RedSwan CRE Marketplace

Zena T.P. Williams (Moderator)
JLL – Global Alliances

Hines, the global real estate firm, along with partners Trez Capital, Caravel Ventures, and Sumitomo Forestry, has closed on 850 acres in Houston to be developed into Brookewater, a master-planned community.

Located in the suburb of Rosenberg, Brookewater will consist of approximately 2,400 single-family homes, varying in lot sizes, with a planned school site, and robust amenity offerings such as a resort style water amenity, more than 200 acres of parks, recreation, lakes, open space, walking trails, nature preserves, and playgrounds. Phase I of Brookewater will consist of approximately 400 lots and will be built by Highland, Perry, David Weekley, Gehan, Chesmar, and Westin Homes. The homes will be a variety of sizes and styles, with fresh design and innovative craftsmanship at the forefront.

Located off Highway 59, the community offers a suburban ambiance with direct access to Greenway Plaza and Downtown Houston – only a 30-minute drive time to Katy, Sugar Land, Greenway, and the Galleria. The Fort Bend Transit System is only five miles away and commuters can take advantage of the shared-ride service for Rosenberg residents that offers weekday service to the TMC, Greenway Plaza, and the Galleria. Residents will also experience extensive walking trails throughout the community, with greenbelts, lakes, and detention ponds that provide connectivity from north to south.

Brookewater is Hines’ largest lot development project in Houston since First Colony, its 9,700-acre master-planned community with a current population of more than 60,000 in Sugar Land, Texas. First Colony is also located off U.S. 59, just down the highway from the new Brookewater site. Previously, Hines has partnered with Trez Capital, Caravel Ventures, and Sumitomo Forestry for Mirador, a master-planned community in Southeast Austin.

Construction on Brookewater is anticipated to begin this year with the first phase expected to deliver in 2024. This transaction was led by Hines Director Carson Nunnelly.

CenterSquare Investment Management, in partnership with Boomerang Interests, announced that they have executed a full-building, long term lease for Houston ColdPort with one of the world’s leading cold storage and logistics solutions providers, Lineage Logistics. The 315,111-square-foot cold storage facility began development in April 2021 and base building work is expected to be fully complete by September 2022. CenterSquare currently invests in the cold storage sector through multiple strategies within the firm including private equity real estate, listed real estate and strategic capital.

Houston ColdPort sits on a 22.5-acre site and is strategically positioned in the heavy-haul corridor of The Port of Houston. The facility is conveniently located in close proximity to major throughways in the area including Beltway 8, US-90, Interstate 10 and Interstate 69 and features ample trailer and automobile parking space.

ARCO Design/Build, an industry leader for industrial project types, was tasked with designing and constructing the property which features 50-foot clear heights, 38 fully automated dock positions, a 200-foot-deep truck court and the capacity to accommodate up to 40,000 pallet positions. The facility also features vertical storing hydraulic dock leveler equipment, LED lighting throughout and a Tyco Quell dry fire sprinkler system.