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Simon Property Group’s Barton Creek Square to Undergo Food Court Renovations

Simon Property Group’s Barton Creek Square to Undergo Food Court Renovations

Simon Property Management, the Indianapolis-based real estate company that owns a fairly large percentage of retail space in Austin, has started the remodeling works at the food court in Barton Creek Square shopping mall. Completion of the project is scheduled for November 2013.…

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$30 Million Office Development Broke Ground at Fifth Street and Congress Avenue

$30 Million Office Development Broke Ground at Fifth Street and Congress Avenue

At 501 Congress Avenue, where the former annex of the Bank of America used to be, recently broke ground a $30 million office development. Stream Realty Partners purchased the site back in April in a partnership with four other firms.…

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Construction Begins on Second Austin Westin Hotel

Construction Begins on Second Austin Westin Hotel

By Anca Gagiuc, Associate Editor The Westin brand is coming to downtown Austin. White Lodging Services Corp. announced the groundbreaking of a second Westin hotel in a statement to the American-Statesman. The other Westin is an eight-floor, 241-room hotel located at the Domain. The new development is a joint venture…

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Cypress Real Estate Advisors Plans Mixed-use Development for Austin

Cypress Real Estate Advisors Plans Mixed-use Development for Austin

Austin’s Burnet Road will make room for a new mixed-use project designed by Cypress Real Estate Advisors. The site doesn’t require any zoning modifications as it is zoned for vertical mixed-use development.…

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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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