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PS Business Parks, Inc. Acquires the 246,000-Square Foot McNeil Business Park in Austin

PS Business Parks, Inc. Acquires the 246,000-Square Foot McNeil Business Park in Austin

Already the owner of 5.1 million square feet of commercial space in the state of Texas, PS Business Parks, Inc. announced the acquisition of another multi-tenant industrial building in Austin. The transaction adds another 246,000 square feet to the 2.0 million square feet the company already owns in the city.…

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TODAY’S DEALS: Two Fort Myers Assets Trade for $19.3 million

TODAY’S DEALS: Two Fort Myers Assets Trade for $19.3 million

Marcus & Millichap sells two communities in Florida; Transwestern brokers a 210-unit sale in Colorado Springs; and Capital One Multifamily Finance closes a $19.5 million Fannie Mae loan.…

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Oden Hughes Begins Second Phase of Construction on Two South Austin Communities

Oden Hughes Begins Second Phase of Construction on Two South Austin Communities

Oden Hughes, an Austin-based multifamily developer, broke ground on the second phases of two communities in south Austin: Landmark Southpark and Landmark Double Creek. In total, 561 new apartments will be brought on the market.…

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Ryan Cos. Reveals $210 Million Corporate Project in Austin

Ryan Cos. Reveals $210 Million Corporate Project in Austin

Minneapolis-based development and construction company, Ryan Cos., unveiled the impressive project it plans to develop on the south shore of Austin’s Lady Bird Lake. The Waterfront corporate development illustrates a 625,000-square-foot office development on 10 acres, west of Pleasant Valley Road.…

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CAHFC and The NRP Group Celebrate the Opening of Sienna Pointe Multifamily Development in San Marcos

CAHFC and The NRP Group Celebrate the Opening of Sienna Pointe Multifamily Development in San Marcos

A new multifamily development celebrated its grand opening in San Marcos. The NRP Group LLC and Capital Area Housing Finance Corporation held the ceremony for Sienna Pointe, a 228-unit development designed to provide top quality living at affordable costs.…

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Moody National REIT Under Contract to Purchase Arboretum Hotel in Austin

Moody National REIT Under Contract to Purchase Arboretum Hotel in Austin

Houston Mood National REIT I is under contract to purchase the Hilton Garden Inn Austin NW/Arboretum located at 11617 Research Blvd. The offering is of $29,250,000, according to a news release.…

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SpringHill Suites- Austin/Cedar Park Will Begin Development

SpringHill Suites- Austin/Cedar Park Will Begin Development

The hospitality segment of Austin is preparing to welcome a new hotel. Worth Hotels LLC announced the development of SpringHill Suites – Austin/Cedar Park that will be located at 1110 Discovery Blvd. in Cedar Park. Worth Hotels LLC will be the developer and will operate the hotel after completion –…

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HFF Closed Sale of 314,399 Square Feet of Class A Office Space in Austin

HFF Closed Sale of 314,399 Square Feet of Class A Office Space in Austin

HFF announced closing the sale of a Class A suburban office portfolio totaling 314,399 square feet in Austin; they’ve represented the seller, Intercontinental Real Estate Group. The buildings involved in the transaction are Stonecreek I and II and Canyon at Wild Basin. The financial details of the transactions were undisclosed,…

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Summit Hotel Properties Acquires Hampton Inn & Suites for $53 Million in Downtown Austin

Summit Hotel Properties Acquires Hampton Inn & Suites for $53 Million in Downtown Austin

Summit Hotel Properties announced the acquisition of the Hampton Inn & Suites, the first property owned by the company in Austin, the home of their corporate offices. The new addition is located downtown, just one block from the Austin Convention Center and Lady bird Lake, in the central district. Summit…

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The Girls’ School of Austin Earns Four-Star Rating from Energy Green Building

The Girls’ School of Austin Earns Four-Star Rating from Energy Green Building

The Girls’ School of Austin, the city’s only private, independent school for girls in grades K – 8, dedicates its new buildings and grounds on September 13, followed by architectural presentations and workshops on sustainable design. The project came to completion after several years of capital campaign and nine months…

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Sonesta Bee Cave Austin to Open in Spring of 2015

Sonesta Bee Cave Austin to Open in Spring of 2015

In February 2014 Sonesta Bee Cave Austin, a 195-room hotel broke ground, joining Sonesta’s growing portfolio. This is the company’s third Texas property and it is scheduled for a spring 2015 opening.…

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TODAY’S DEALS: Miami’s Surf Club Four Seasons Lands $290M Construction Loan

TODAY’S DEALS: Miami’s Surf Club Four Seasons Lands $290M Construction Loan

HFF arranges financing for a Miami condo/hotel development via Blackstone; Berkadia provides a $56.5 million acquisition loan; and Walker & Dunlop provides $33.4 million for a student housing acquisition in Orlando, Fla. …

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