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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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Hyatt Acquires Full Ownership of Hyatt Regency Lost Pines Resort and Spa for $143M

Hyatt Acquires Full Ownership of Hyatt Regency Lost Pines Resort and Spa for $143M

A Hyatt affiliate has acquired its partners’ 92 percent interest in the Hyatt Regency Lost Pines Resort and Spa near Bastrop, announced Hyatt Hotels Corporation. The price of the transaction was oft approximately $143 million.…

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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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