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Dividend Capital Pays $69M for Portfolio

Dividend Capital Pays $69M for Portfolio

Denver-based real estate investment trust Dividend Capital Diversified Property Fund Inc. has announced the acquisition of an office portfolio for $68.75 million. The subject of the transaction is a collection of four multi-tenant office properties located in the southwest submarket of Austin, at 1122 S. Capital of Texas Highway.…

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Berkadia Arranges Sale of Capitol Village Apartments in Austin

Berkadia Arranges Sale of Capitol Village Apartments in Austin

Austin’s Capitol Village Apartments, a 249-unit multifamily property, has a new owner. The deal was brokered by senior vice president George Deuillet III and vice president Forrest Bass of Berkadia’s Austin office.…

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Sackman Enterprises to Enter Austin with High-Rise

Sackman Enterprises to Enter Austin with High-Rise

New York-based Sackman Enterprises announced its largest expansion outside of the Northeast in its 45 years. A 35-story luxury condominium tower, named 70 Rainey after its address, will be developed in the Rainey Street district, continuing the transformation of this downtown neighborhood.…

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Podcast: Oil and Apartments

Podcast: Oil and Apartments

Will oil prices continue to drop? What does cheap oil mean for jobs and apartments in the the energy markets? MHN's Mike Ratliff and Jack Kern aim to find out in this special edition research podcast. …

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CyrusOne Grows in Austin

CyrusOne Grows in Austin

CyrusOne, the global colocation provider, recently announced the next step in its Texas expansion: the purchase of an additional powered shell in Austin’s Met Center. The new Austin III data center is designed to be CyrusOne’s largest facility in Austin so far, encompassing 172,000 total square feet of shell and…

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Apple Bites for 4 Buildings Near New Campus

Apple Bites for 4 Buildings Near New Campus

Riata Crossing North, the office complex comprised of four buildings in Northwest Austin, has been sold. The buyer is Apple Inc., already the solely occupant of the entire complex, which it had been leasing before the acquisition. The price or further details of the transaction were not disclosed, reports The…

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Lakeway Resort Wraps 18-Month Makeover

Lakeway Resort Wraps 18-Month Makeover

The AAA Four Diamond Lakeway Resort and Spa has reached the end of a complex renovation that took over 18 months to complete. Behind the nearly $7 million expansive makeover is the Dow Hotel Company.…

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St. Croix Capital Readies Kickoff of $90M Mixed-Use Project

St. Croix Capital Readies Kickoff of $90M Mixed-Use Project

St. Croix Capital Corp. announced the start of construction of a mixed-use development on a 60-acre site located in Southeast Austin, two miles west of the Austin Bergstrom International Airport. The project, dubbed Airport Gateway, will roll out in phases, containing hotel, industrial, and retail space.…

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Resource Real Estate Buys M-F Asset in Austin

Resource Real Estate Buys M-F Asset in Austin

Austin’s Woodmoor Apartments residential community has changed ownership. The new owner, Resource Real Estate Opportunity REIT, Inc., has completed the acquisition with sponsorship from Resource Real Estate, Inc. Details about the transactions were not disclosed.…

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Hamilton Zanze Picks Up Austin Asset No. 4

Hamilton Zanze Picks Up Austin Asset No. 4

San Francisco-based real estate company Hamilton Zanze, purchased 15 multifamily assets worth over $297 million in the Western and Southwestern areas in the last 12 months; the firm continues its expansion with the acquisition of Bradford Pointe, a residential complex located in the North Central Austin submarket. The transaction represents…

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TODAY’S DEALS: Hamilton Zanze Finds Value in Austin

TODAY’S DEALS: Hamilton Zanze Finds Value in Austin

Tech growth draws Hamilton Zanze to Austin; Home Properties starts a New Jersey repositioning play; and Eastern Union Funding closes a "100 percent" construction loan for a Manhattan mixed-use development. …

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North America’s Largest JW Marriott Opens Its Doors

North America’s Largest JW Marriott Opens Its Doors

Two and a half years after the breaking ground event, the first JW Marriott Hotels & Resorts has opened its doors. The JW Marriott Austin is the largest hotel in Austin, the largest JW Marriott in North America and the second-largest JW Marriott in the world.…

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