Austin
Data Centers Continue Upward Trajectory
Data center absorption rates in U.S. major markets posted a new record of 396.4 megawatts in 2019, a 33% gain… Read more
Top Broker Honoree: NKF’s Ryan Lang
NKF’s Student Housing group, led by Ryan Lang, leads the country when it comes to student investment sales, offering clients… Read more
Top Broker Honorees: Marcus & Millichap’s Chris Gomes and Allan Miller
Hospitality specialists Chris Gomes and Allan Miller closed $346 million in sales during 2019, totaling 67 closed transactions. Gomes and… Read more
Wildhorn Makes Third Austin-Area Acquisition
NKF arranged the sale of Hawthorne at the District, a 284-unit, 1980s-vintage multifamily community near the East Riverside corridor in… Read more
ACC Closes $148M Sale of U. of MD Student Housing
American Campus Communities (ACC) said it had completed the sale of The Varsity, a 901-bed property serving students attending the… Read more
VAuto Expands to 56K SF at Campus at Arboretum
VAuto Inc. leased an additional 5,114 square feet at The Campus at Arboretum, bringing the total amount of space occupied… Read more
Local Brokerages Negotiate Austin-Area Leases
AQUILA Commercial, CBRE, ECR and RESOLUT RE negotiated the following leases in the Austin area: Arely Beauty Salon leased 1,460… Read more
Capital Partner Secured for $59M Zoey Multifamily Development
Berkadia secured a capital partner for construction of the $59-million, 307-unit Zoey, a ground-up multifamily development spearheaded by the Michaels… Read more
James Avery Launches Construction on Regional HQ
James Avery Artisan Jewelry broke ground on its new regional headquarters, The Artisan at James Avery Plaza. The 35,000-square-foot facility… Read more
Weitzman Hired to Lease Northline’s Retail Component
With the groundbreaking of the 115-acre Northline in the rearview mirror, Northline Leander Development Co. and the city of Leander,… Read more
Preparations Underway on Little Ford Construction
Little Ford, described as “a small collection of single-level homes” in south Austin, will soon break ground. Construction is anticipated… Read more
Rastegar Acquires Two More Assets
Rastegar Property Co. acquired two properties on 7th Street in East Austin. The local buyer snagged 902 E. 7th St.,… Read more
Steadfast Completes Restructure; Assembles $3.4B Portfolio
Steadfast Apartment REIT, Inc. (“STAR”) has emerged as a new single-balance sheet, management structure and operating entity for Irvine, CA-based… Read more
Inbound Capital to U.S. Multifamily Drops Y-O-Y
Inbound capital to the U.S. multifamily sector decreased year-over-year by 27.3% to $10.7 billion in 2019, says CBRE. The drop-off… Read more
MileStone Community Builders Unveils 179-Acre MXU Proposal
MileStone Community Builders shared plans for a potential mixed-use development on a site known as the Bailey Tract in Buda,… Read more
$46M Acquisition Loan Obtained for 258-Unit Apartment Portfolio
PCCP LLC provided $46 million in financing for the acquisition of two recently delivered apartment properties in East Austin, TX.… Read more
CRE Q&A: DivcoWest’s Walker Breaks Down Little Italy Redevelopment
By Dennis Kaiser In September 2017, DivcoWest and its local operating partner Ocean West, acquired a 1980s-era office building at… Read more
Casaro Teams with Civitas Capital to Acquire 1,000-Plus Units
Casoro Group entered into a partnership with Civitas Capital Group to acquire a 1,070-unit multifamily portfolio in the Dallas-Fort Worth… Read more
Steady Gaines Continue in Austin-Area Home Sales and Prices
Residential home sales in the Austin area increased 8.5% year-over-year, totaling 1,947 sales in January 2020, according to data released… Read more