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Found 12 results

  1. Could be lots of activity coming soon to Post Oak Park Dr. an entity dubbed Finger-EPCO Briar Hollow, LLC plans to demolish the Tree Tops at Post Oak for a new complex. SubdivisionPlatPDF_BG3482.pdf
  2. Finger Cos. sells 20 apartment properties to Greystar venture in $2B transaction Katherine Feser, Staff writer Oct. 20, 2021 The Finger Cos., a Houston-based apartment developer and operator founded by Marvy Finger in 1958, said Tuesday it will sell 20 properties from its national portfolio for $2 billion. The sale, to a venture led by the international real estate company Greystar, is expected to close in December. As part of the deal, the Greystar venture will keep Finger’s on-site employees. The locations and number of units were not disclosed, but represent roughly half of the Finger Cos. portfolio. The deal results from strong global demand to invest in apartments, which have fared better than office and retail properties, during the pandemic, according to Finger. Investors spent $134.9 billion on apartments in the United States in the first eight months of 2021 through August, nearly double the amount invested during same period in 2020, according to Real Capital Analytics. “I did not go knocking on doors to sell,” said Finger, the company’s CEO. “It’s a moment in time where values went up 40, 50 percent or greater in a very short period of time.” Finger, 85, is known for holding onto most of the properties he develops since opening Colony Oaks, a 317-unit complex on Chimney Rock in Houston in 1959. His formula includes building in prime neighborhoods — what he calls “Main and Main locations” — that attract residents, even during downturns. These are areas with close easy access to stores, services and amenities. “The fundamentals today are no different than they were early on when I started. I didn’t know the word ‘walkability’ early on,” Finger said. “But I can say I have more apartments that are within one to two blocks of a major food market, and I know that’s one thing that truly creates the beehive.” A JLL Capital Markets investment sales advisory team led by Scott Galloway and Dustin Selzer in Houston and Roberto Casas in Dallas is representing Finger in the transaction. The sale includes garden and mid-rise apartment complexes. “Marvy is one of the true icons of the multi-housing industry,” Scott Galloway, executive managing director of JLL Capital Markets, said in a statement. “These assets not only come with prime locations, but they also come with the highest quality product offerings and the best management team in the business. They perfectly complement Greystar’s national portfolio.” Greystar, based in Charleston, S.C., manages more than 748,000 units in the U.S. alone and has $45.1 billion of assets under management. katherine.feser@chron.com twitter.com/kfeser
  3. I had a talk with a neighbor today. He said there was a sign being assembled in front of The Bordeaux Apartments before COVID hit. The sign never got assembled. Woodway is such a prime address for an old 2-story building. Potential redevelopment soon?
  4. Well, well, well, Mr. Finger has let the cat outta the bag. Hopefully this one comes to fruition. So any comments on the style from what we can see?? 37 stories is pretty significant. Especially for a downtown residential rental tower. If the occupancy is absorbed quickly, then I think that we will see more towers sooner rather than later--and I would not be surprised if many of them were apartments with the intention of converting to condos later. It also looks as if Finger and Turnberry could be positioning themselves to have the tallest buildings completed in Houston since ??? When was the last time Houston has a building completed of at least 38 stories??
  5. This was announced earlier this year. More confirmation via the Chronicle http://www.chron.com/business/article/Apartments-by-ballpark-could-be-grand-slam-3703726.php Renderings and info as of 12/2013: http://blog.chron.com/primeproperty/2013/12/ballpark-apartments-break-ground/#19082101=1
  6. Apparently the old Art Institute building on Yorktown is going to be demolished to make way from some midrise apartments: http://blog.chron.com/primeproperty/2012/07/old-art-institute-building-to-be-razed-for-luxury-apartments/
  7. This is a topic to discuss the development on the Montrose Fiesta property from the Montrose H-E-B topic (). From Swamplot: http://swamplot.com/the-montrose-fiesta-is-over-here-comes-lancaster-square/2011-12-05/
  8. I just arrived in Houston this weekend and have been searching for a new apartment for my husband and 9 month old. It's been a grueling process, but I think we've narrowed our search down to 2 complexes: The Village at West University (at 5151 Edloe near the 59) and The Amalfi at Hermann Park. I've read all the reviews of The Village on apartmentratings.com but for some reason can't find a single review of The Amalfi anywhere on the internet (they opened in May 2008 I believe). Does anyone have any experience or feedback regarding either of these 2 complexes? The Village seems to be in a prime location in terms of walking distance to Kroger, shops, and restaurants, but the crime (apartment and auto break-ins) that I've read about is worrying, especially since I have a 9 month old. Apparently TV Max is also a problem at The Village according to the reviews I have read. I fell in love with The Amalfi as soon as I saw it, but I find it kinda weird that I can't find a single review of the complex online. Any feedback would be greatly appreciated...many thanks!
  9. Looking to try some cost-cutting measures this year. I need to live near the Galleria, so I started to look at multifamily complexes on Chimney Rock road. I was browsing on Google and noticed an apartment complex called Colony Oaks located at 6666 Chimney Rock Rd. It appears the developer of this apartment complex is Houston-based The Finger Companies. That's a good sign that a local company built this place. What's the story here? Any feedback? Thanks!
  10. Hello all, Need guidance on some apartments in River Oaks. I'm looking to move closer to Richmond Avenue near Greenway Plaza. I'm on a budget so I cannot go renting a brand new luxury Class-A multifamily complex. I was looking online and came across the The Park at River Oaks located at 3121 Buffalo Speedway. So my question is just how good is this place? From what I understand the original developer is Houston-based The Finger Companies. Does this mean the build quality will be outstanding? How are the neighbors? What about the traffic down the street at Richmond & Buffalo Speedway? Thanks!
  11. I am moving to Houstone soon and my office is in wesklake, some one suggested me Village on Memorial, do you guys have any comment on this? e.g. safty, price... thanks a lot
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