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Austin’s Lotus Village for Sale Exclusively through Marcus & Millichap

Austin’s Lotus Village for Sale Exclusively through Marcus & Millichap

A new apartment complex has been put for sale on the market as exclusive listing for Marcus & Millichap on a cash-to-existing-note basis. Lotus Village, built on 8.1 acres at 300 Fergusson Drive in north central Austin in 2012, has 222 units and is currently at 98 percent occupancy.…

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Brandywine Realty Trust Shares Austin Office Portfolio with DRA Advisors LLC

Brandywine Realty Trust Shares Austin Office Portfolio with DRA Advisors LLC

The less common marketing proposal placed by Brandywine Realty Trust a few months back has found its answer. The offer consisted of the intention to share ownership of the 1.4 million-square-foot office portfolio in Austin.…

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Karlin Real Estate Sells GMC Building to Gladstone Commercial Corporation

Karlin Real Estate Sells GMC Building to Gladstone Commercial Corporation

One of the four national Innovation Centers of General Motors Company has changed owners. Los Angeles-based Karlin Real Estate has rolled over the property located at 717 E. Parmer Lane in North Austin to Gladstone Commercial Corp. for $57.5 million, reports Austin Business Journal. At the same time, Gladstone announced…

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The Verdance Condos Now for Sale

The Verdance Condos Now for Sale

Verdance is the first major multifamily development of Marshall Durrett located in Austin’s historic Heritage District neighborhood, at 32nd Street and North Lamar Boulevard. The 16 condominium residences offer a comfortable mixture of sustainability and luxury, rated by Austin Energy Green Building Program.…

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OakPoint Acquires Briarcroft and Continental Buildings in Austin

OakPoint Acquires Briarcroft and Continental Buildings in Austin

Nashville-based OakPoint Investments purchased two of Austin’s office buildings in partnership with local Haverwood Management. Details about the transaction have not been disclosed.…

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Presidio Apartments Becomes Bell Lake Creek after Bell Partners Acquisition

Presidio Apartments Becomes Bell Lake Creek after Bell Partners Acquisition

The Austin Presidio Apartments community has been acquired by the investors from Bell Partners Inc. on May 30th. The transaction cost has not been made public, but the property, which will stay under the management of Bell Partners, will change its name into Bell Lake Creek.…

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Digital Realty Acquires Six-Building Portfolio for $31.9M

Digital Realty Acquires Six-Building Portfolio for $31.9M

The six-building portfolio of operating data centers and flex office space at the MetCenter Business Park in Austin has changed owners, moving under the Digital Realty Trust Inc. umbrella. The acquisition price was $31.9 million.…

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New Office Tower to Break Ground in Downtown Austin

New Office Tower to Break Ground in Downtown Austin

A 29-story office building will break ground on June 4. The project belongs to Cousins Properties Incorporated, a major player on the Austin real estate market for over 20 years that placed important buildings on the Austin skyline: the Palisades West, the Frost Bank Tower, and the latest purchase, the…

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Elco Landmark Partners in Acquisition of Four Multifamily Properties

Elco Landmark Partners in Acquisition of Four Multifamily Properties

Four garden-style multifamily properties located in the Austin submarket of Round Rock and San Antonio have been acquired by a newly formed partnership between Elco Landmark Apartment Trust Holdings LLC, DeBartolo Development LLC, and LEM Capital. The combined price is of approximately $44 million.…

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$500M Mixed-Use Trio of Towers Proposed for Downtown Austin

$500M Mixed-Use Trio of Towers Proposed for Downtown Austin

“Every project begins with a vision, and this is a grand vision on a great site,” said local real estate consultant Charles Heimsath about the proposed plan to build a $500M mixed-use project downtown Austin. If the plan receives approval from the city, the Austin skyline will change dramatically through…

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180,000-Sq.-Ft. Shopping Center Purchased by Misuma Holdings

180,000-Sq.-Ft. Shopping Center Purchased by Misuma Holdings

Austin’s 180,000-square-foot shopping center, Lincoln Village, has just been purchased by veteran developers Misuma Holdings for an undisclosed sum. The new owner has not made public its plans regarding the repositioning of the acquisition, but the involved parties can await consistent changes throughout the year. Among the current tenants are…

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Eleven Community to Open this Summer, Pre-leasing Underway

Eleven Community to Open this Summer, Pre-leasing Underway

Located in one of Forbes’ “hippest Neighborhoods” in the heart of East Austin, the Eleven apartment community has begun pre-leasing on April 1, 2013 in the Haehnel Building on East 11th Street. It will be ready to receive residents this summer.…

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