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340 Luxury Apartments to be Built on South Lamar

340 Luxury Apartments to be Built on South Lamar

South Lamar Boulevard is swarming with construction projects that will add circa 1,300 new apartments and more than 100,000 square feet of restaurants and shops south of downtown. One of these projects is developed by Hanover Co., which is expected to soon break ground on a luxury apartment project just…

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Velocis Buys Two Austin Shopping Centers in $60M Deal

Velocis Buys Two Austin Shopping Centers in $60M Deal

Dallas-based Velocis, a commercial real estate investment fund, recently purchased two Austin shopping centers totaling over 350,000 square feet of retail space. With the acquisition of West Woods Shopping Center and Springdale Shopping Center, Velocis now has circa $160 million of assets under management.…

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Los Angeles Company Buys 2,044-unit Riata Apartment Complex in Northwest Austin

Los Angeles Company Buys 2,044-unit Riata Apartment Complex in Northwest Austin

Los Angeles-based IMT Capital LLC, along with affiliate IMT Residential, has made its largest acquisition ever, closing a deal on the 2,044-unit Riata apartment complex. The deal represents one of the largest apartment portfolios ever sold in Austin, according to the Austin Business Journal. The portfolio had been on the…

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AMLI Residential to Add 279-unit Building to Mueller Community

AMLI Residential to Add 279-unit Building to Mueller Community

AMLI Residential has announced it will build a 279-apartment building at the Mueller master-planned community in Northeast Austin. The homebuilder expects to break ground on the mixed-use building in the first quarter of 2013, with the first units available in the third or fourth quarter of 2014, reports the Austin-American…

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Apartment Project at RunTex Site Gets Green Light

Apartment Project at RunTex Site Gets Green Light

The Austin City Council has recently approved a zoning change that allows developers to move ahead with a six-story apartment project worth $35 million in downtown Austin. Phoenix-based Alliance Residential Co. plans to build about 220 luxury apartments on the 1.53-acre site that is currently occupied by a RunTex store…

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HID Global Picks Austin for $36M Plant

HID Global Picks Austin for $36M Plant

HID Global Corp. has chosen Austin for its new manufacturing and distribution facility. After months of negotiations, which began early this year, the identity security company announced the decision to build a 200,000-square-foot operations center in Northeast Austin. According to the Austin Business Journal, HID is expected to create 147…

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Tezzaron Saves Austin Research Fab

Tezzaron Saves Austin Research Fab

Tezzaron Semiconductor Corp. has announced it will buy the wafer fabrication plant on Montopolis Drive in southeast Austin, preventing more than 100 layoffs. Formerly run by SVTC Technologies LLC, the plant is the only facility of its kind on the continent. According to J.T. Ayers, Tezzaron's CEO, the plant supports…

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Blueprints for $120M Austin Public Library Nearly Complete

Blueprints for $120M Austin Public Library Nearly Complete

The new Austin Public Library will feature a light-filled atrium, street-level cafe and multiple gathering spaces, according to the most recent designs unveiled by its architects. Designs, which have been in the works for the past three years, show that the six-story building will also include a street-level bookstore and…

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Developers Break Ground on Denizen Multifamily Project

Developers Break Ground on Denizen Multifamily Project

With site preparation finally complete, foundations for the first townhomes at the Denizen project were poured last week.…

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New GM Technology Center to Employ 500 IT Workers

New GM Technology Center to Employ 500 IT Workers

By Camelia Bulea, Associate Editor General Motors has announced plans to open a technology center in Northwest Austin, which is expected to hire about 500 IT workers. The company is recruiting software developers, project managers, database experts, business analysts and other information technology professionals. In an official statement, GM justified…

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Austin Student Housing Market on the Upswing

Austin Student Housing Market on the Upswing

By Camelia Bulea, Associate Editor The local student housing market has shown obvious signs of improvement in the past year, with several private and public projects being delivered in the last few weeks and more scheduled to come. The Austin Business Journal reports that two of the largest projects to…

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HFF Arranges $27M in Refinancing for Round Rock Complex

HFF Arranges $27M in Refinancing for Round Rock Complex

By Camelia Bulea, Associate Editor Holliday Fenoglio Fowler LP has secured $27 million in refinancing for City North at Sunrise Ranch, a Class A community in Round Rock. The 384-unit complex, which is 93 percent leased, is comprised of 19 buildings with one-, two- and three-bedroom units averaging 949 square…

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