39.4 F
Fort Worth
Wednesday, October 28, 2020
Real Estate Apartments in Waterside development sold

Apartments in Waterside development sold

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

– Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced Oct. 4 the sale and financing of RiverVue Apartments, a 375-unit multifamily asset in Fort Worth.

“The Fort Worth market continues to be a hotbed of activity for institutional-quality asset trades, and the IPA Texas team is a leading force in this market, finding a private buyer to add this fine asset to its portfolio,” said Will Balthrope, IPA executive director. Balthrope, Drew Kile, IPA senior director, and Joey Tumminello, IPA director, represented the buyer, St. Regis Properties. Jake Roberts, senior managing director capital markets with IPA Capital Markets, arranged 10-year fixed-rate life company acquisition financing.

“This is a very special property in one of the best locations in all of Dallas/Fort Worth,” said Kile. “The consistent outperformance of the Fort Worth market compared to other markets around the state made this a great opportunity for St. Regis to enter the Texas market.”

Constructed in 2017 on over five acres, RiverVue Apartments is located on the Trinity River in Waterside, a 63-acre mixed-use development anchored by Whole Foods and REI. Nearby Chisholm Trail Parkway provides quick access to Texas Christian University, University Village, Downtown Fort Worth, the Museum District, West 7th, and Magnolia Street.

“The buyer will benefit from walkability to Fort Worth’s first Whole Foods, as well as recently delivered restaurants and retail that enhance the entire southwest Fort Worth submarket,” said Tumminello. “This provides long-term stability for new ownership in an area that will continue to thrive for years to come.”

Latest News

Camp Bow Wow acquires building in Fort Worth

Acting on a lender's behalf, Bradford Commercial Real Estate Services has sold a 10,000-square foot retail building in east Fort Worth to...

S&P CoreLogic Case-Shiller: US home prices up 5.2% in August

By PAUL WISEMAN AP Economics WriterWASHINGTON (AP) — U.S. home prices posted a robust gain in August — another sign that the...

Arlington home prices increase in 3Q

The median price for Arlington homes increased 7% year-over-year to $247,500 for the third quarter of 2020. Arlington home...

JLL names new lead for South Central Region PDS

JLL announced Brad Carbo as the new South Central Region Project and Development Services (PDS) lead on Oct. 27. In his new...

Fort Brewery to relocate to former historic site

Fort Brewery & Pizza announced Oct. 27 the brewery and restaurant will relocate to a 25,000 square-foot facility located at 2737 Tillar...