As Juneteenth nears, it is a time for Black America to especially reflect and honor its beginnings and the journey still left ahead. The celebration of the emancipation of enslaved people everywhere has not always been nationally recognized, but in the cities across Texas such as Houston, Dallas-Fort Worth and origin place Galveston, it is […]
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Mark Allen with Daryl Carter, founder, CEO, and chairman, Avanath Capital Management at Google’s Chelsea office space in New York. Avanath Capital Management has announced the final close of its fourth discretionary fund totaling $760 million in equity commitments, above the original target of $550 million. The fund is an investment vehicle dedicated to affordable […]
Harrison Street, an investment firm that buys and sells education, health-care and storage properties, raised $1.3 billion for its seventh U.S. opportunistic real estate fund. The firm exceeded its original $950 million target for the fund and raised an additional $302.5 million in co-investment vehicles, lifting its expected buying capacity to about $4 billion including […]
After years of trying, state lawmakers passed a biggie. A property tax bill that fixes some major flaws in the system. Senate Bill 2, the Texas Property Tax Reform and Transparency Act of 2019, is 153 pages long. It’s now a law, but it’s also a cliché of sorts: The law won’t lower your taxes but it will slow their growth.
Next on Sixth, in the Koreatown neighborhood of Los Angeles (Costar).According to MarketWatch reports, the always outspoken Sam Zell is raising equity at record levels. I had the privilege of meeting him when he spoke in Austin, after selling his 23,000-unit residential portfolio to Barry Sternlicht’s Starwood Capital Group for nearly $5.4 billion. Since then […]
“A rendering of the proposed development that includes 54 townhomes in Forest Hill. COURTESY” FOREST HILL Star Telegram ELIZABETH CAMPBELL Construction is underway to build 54 luxury townhomes in Forest Hill, south of Interstate 20. The Peak Group of North Richland Hills is building the 54 luxury townhomes between 7320 and 7330 Forest Hill […]