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Developers are poised to bring about 16,900 deliveries throughout the year, mostly in the Katy and Spring/Tomball markets, thanks to proximity to important transit routes such as Interstate 10 and Grand Parkway.
The Troubadour will be the first development for Mac McElwrath and Chris Sipes' Wayfinder, which focuses on high-growth areas with access to major employment centers and entertainment amenities.
Boston-based Marcus and John M. Corcoran and Company of Braintree, MA have purchased 1943 Dorchester Ave. in Dorchester and 4236 Washington St. in Roslindale.
Inspection requirements and penalties for building exteriors in New York City could grow stricter and cost big fines for property owners under an update to Local Law 11 beginning this February, which requires hands-on inspections of all facades for buildings six stories or taller.
Greystone, a commercial real estate lending, investment, and advisory firm, has bulked up its special servicing capabilities, acquiring Dallas-based C-III Asset Management, a special servicer with a $20.7 billion servicing portfolio.