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Crimson, USAA Realco Break Ground on Project in Northwest Austin

Crimson, USAA Realco Break Ground on Project in Northwest Austin

In Northwest Austin recently broke ground a new Class A office building. The new development, Aspen Lake Two, is a partnership between Crimson Real Estate and USAA Real Company.…

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Dividend Capital Buys Pair of Class A Office Buildings

Dividend Capital Buys Pair of Class A Office Buildings

Denver-based Dividend Capital Diversified Property Fund (DPF) recently announced the expansion of its office portfolio through the acquisition of Rialto I and II from Lincoln Property Co. The two buildings, totaling 155,000 square feet, sold for $37.3 million, approximately $240 per square foot.…

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Ashford Trust to Buy Lakeway Resort for $33.5M

Ashford Trust to Buy Lakeway Resort for $33.5M

The strong Austin economy and the sustained growth in the technological sector, mixed with increasing visitation, appeals more and more to investors. Recently, Dallas-based Ashford Hospitality Trust announced that it has signed an agreement to acquire Lakeway Resort & Spa for $33.5 million. The acquisition should close within the next…

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TODAY’S DEALS: Hunt Mortgage Provides $6M, Full-Term Interest-Only, Bridge Loan

TODAY’S DEALS: Hunt Mortgage Provides $6M, Full-Term Interest-Only, Bridge Loan

Hunt Mortgage Group announces that it has provided a $6 million bridge loan to refinance Sun Bay Apartments; and Colliers completes the sale of a 228-unit Class B property in Austin, Texas.…

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Moody National REIT Acquires Hilton Garden Inn

Moody National REIT Acquires Hilton Garden Inn

The previously announced intention of Moody National REIT to purchase the Hilton Garden Inn Austin NW/Arboretum has come to fruition. Holliday Fenoglio Fowler has announced closing the sale after having exclusively marketed the property on behalf of the seller. Moody National REIT has purchased the hotel free and clear of…

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TODAY’S DEALS: Steadfast Enters Colorado with $40M Buy

TODAY’S DEALS: Steadfast Enters Colorado with $40M Buy

Steadfast Apartment REIT buys a 252-unit asset; CPR Money provides $7.8 million for a Kansas City acquisition and rehab; and Walker & Dunlop originates a $23 million bridge loan in Austin, Texas.…

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Civitas Senior Living Announces Plans for New Senior Living Community in Southwest Austin

Civitas Senior Living Announces Plans for New Senior Living Community in Southwest Austin

A new senior lifestyle apartment community will break ground in Austin, owned by Civitas Senior Living, LLC. Ledgestone Senior Living will offer not only independent and assisted living apartments, but also a memory care cottage; the complex will enter the construction phase in June 2015, becoming the seventh property in…

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Trammel Crow Company, Principal Real Estate Investors, and City of Austin Begin Second Phase at Thomas Green Water Treatment Plant

Trammel Crow Company, Principal Real Estate Investors, and City of Austin Begin Second Phase at Thomas Green Water Treatment Plant

Trammel Crow Company in partnership with Principal Real Estate Investors announced the acquisition from the City of Austin of the Green Water Treatment Plant (GWTP) lot known as 500 W 2nd Street in downtown Austin. Construction of a 29-story office tower is scheduled to begin immediately, with the finalization date…

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Griffis Residential Acquires 512-Unit Premium Multifamily Community in Austin

Griffis Residential Acquires 512-Unit Premium Multifamily Community in Austin

Denver-based multifamily investment and management firm Griffis Residential announced the acquisition of Class A multifamily community, The Orchard Apartments. Post-acquisition, the complex has been renamed Griffis La Frontera to convey with the company’s persistent brand excellence and its location in the La Frontera commercial park.…

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Rockspring Capital Acquired Land Parcel in Leander

Rockspring Capital Acquired Land Parcel in Leander

Located northwest of Austin, Leander is seeing an increased development activity thanks to the flourishing business segment in Austin. This attracted Houston-based Rockspring Capital, a privately-owned real estate investment firm, to acquire a 28.44-acre land parcel. The price of the transaction has not been disclosed.…

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TODAY’S DEALS: A Canadian Investment Group Picks Up Austin Apartments from Greystar

TODAY’S DEALS: A Canadian Investment Group Picks Up Austin Apartments from Greystar

ARA brokers a 355-unit sale in Austin; Griffis Residential acquires 512 units in Austin; and Oak Grove Capital arranges a $10-million forward commitment for a public housing redevelopment in the business district of Tampa, Fla. …

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The Westin Austin Downtown Hotel Celebrates the Completion of Structural Construction

The Westin Austin Downtown Hotel Celebrates the Completion of Structural Construction

The Westin Austin Downtown Hotel that broke ground on August 5th has recently celebrated the completion of its structural construction. The 20-story, 366-room hotel located on the northeast corner of East Fifth Street and San Jacinto Boulevard is scheduled to be finalized by June 2015.…

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