Austin
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.…
Continue reading →National Instruments Considers Major Investment in Austin
National Instruments Corp. in considering adding 1,000 jobs to its Austin headquarters over the next 10 years and an $80 million investment to the Texas capital. The engineering tool maker plans to expand its research and development by building a new $47 million facility and investing $33 million in business…
Continue reading →JV to Deliver New Luxury Apartment Tower in Downtown Austin
StreetLights Residential and Hunt Companies, Inc. have formed a partnership that will build a 19-story glass and brick tower at 214 Barton Springs Rd., just south of the Hyatt Regency Austin. The project is valued at $68 million. Designed by Austin-based Rhode Partners, the luxury multi-family project will feature 300…
Continue reading →Last Lots in Twin Creeks Development Sold; Builders to Break Ground on New Homes
Standard Pacific Homes and Ryland Homes have purchased the remaining 201 lots in the Twin Creeks master-planned community located in the Cedar Park area. Together the builders will develop The Reserve at Twin Creeks, the last section that remains undeveloped of the Twin Creeks subdivision, which currently counts for 800…
Continue reading →McNeil Ranch Community Sold for $21M
Preferred Apartment Communities, Inc. grew its multifamily portfolio with 928 new units located in Atlanta, GA, Austin, TX and Raleigh, NC. The Maryland-based real estate investment trust has recently closed on the acquisition of three multifamily properties for a total of $90.8 million.…
Continue reading →Hotel ZaZa Project Moves Forward, Gets Planning Commission Approval
Despite the opposition from residents living at the Plaza Lofts, the controversial hotel has recently received Austin Planning Commission recommendation. The 24-story mixed-use project called Hotel ZaZa is planned on West Fourth Street between Guadalupe and Lavaca streets, very close to the residential property.…
Continue reading →SunCal Buys Manor Master-Planned Community, Plans to Finish Project
SunCal, an Irvine, Calif.-based residential development company, closed the deal on the 758-acre ShadowGlen master-planned community in Manor, an eastern suburb located just 14 miles from Austin’s city center.…
Continue reading →Work Begins on 36-story Apartment Tower in Downtown Austin
A partnership comprising San Antonio-based Lynd and Austin-based Endeavor Real Estate Group broke ground last week on a planned 36-story tower that will add 358 luxury units to downtown Austin. Developers plan to complete the project in the third quarter of 2014.…
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