Austin
Elco Landmark Partners in Acquisition of Four Multifamily Properties
Four garden-style multifamily properties located in the Austin submarket of Round Rock and San Antonio have been acquired by a newly formed partnership between Elco Landmark Apartment Trust Holdings LLC, DeBartolo Development LLC, and LEM Capital. The combined price is of approximately $44 million.…
Continue reading →$500M Mixed-Use Trio of Towers Proposed for Downtown Austin
“Every project begins with a vision, and this is a grand vision on a great site,” said local real estate consultant Charles Heimsath about the proposed plan to build a $500M mixed-use project downtown Austin. If the plan receives approval from the city, the Austin skyline will change dramatically through…
Continue reading →180,000-Sq.-Ft. Shopping Center Purchased by Misuma Holdings
Austin’s 180,000-square-foot shopping center, Lincoln Village, has just been purchased by veteran developers Misuma Holdings for an undisclosed sum. The new owner has not made public its plans regarding the repositioning of the acquisition, but the involved parties can await consistent changes throughout the year. Among the current tenants are…
Continue reading →Eleven Community to Open this Summer, Pre-leasing Underway
Located in one of Forbes’ “hippest Neighborhoods” in the heart of East Austin, the Eleven apartment community has begun pre-leasing on April 1, 2013 in the Haehnel Building on East 11th Street. It will be ready to receive residents this summer.…
Continue reading →Karlin Real Estate Acquires 186,000-Sq.-Ft. Plaza 35
Karlin Real Estate, one of the most active real estate investors in Austin, has closed another acquisition recently. The Los Angeles-based investor purchased Plaza 35, a 186,000-square- foot property at 12234 N. I-35.…
Continue reading →AMD Sells and Leases Back Lone Star Campus, Generates $164M in Cash
Advanced Micro Devices Inc. is close to signing a sell and lease-back deal which is expected to generate approximately $164 million in cash for the technology company. AMD recently announced in a news release that an affiliate entity of real estate investment company Spear Street Capital agreed to buy the…
Continue reading →Foundation Communities Plans 109-unit Affordable Project
Foundation Communities plans to build a residential project with affordable rentals at 2800 S. Lamar Blvd., a booming area with upscale multifamily projects. The local nonprofit could build the 109-unit apartment project on a site that currently houses a Goodwill retail store.…
Continue reading →327-room Boutique Hotel to Break Ground This Summer in Downtown Austin
JMI Realty is finally optimistic about its 327-room hotel project planned for downtown Austin. After five years of being stalled due to the economic recession, the hospitality project is finally on track, expected to break ground by June 2013.…
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