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National Instruments Considers Major Investment in Austin

National Instruments Considers Major Investment in Austin

National Instruments Corp. in considering adding 1,000 jobs to its Austin headquarters over the next 10 years and an $80 million investment to the Texas capital. The engineering tool maker plans to expand its research and development by building a new $47 million facility and investing $33 million in business…

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JV to Deliver New Luxury Apartment Tower in Downtown Austin

JV to Deliver New Luxury Apartment Tower in Downtown Austin

StreetLights Residential and Hunt Companies, Inc. have formed a partnership that will build a 19-story glass and brick tower at 214 Barton Springs Rd., just south of the Hyatt Regency Austin. The project is valued at $68 million. Designed by Austin-based Rhode Partners, the luxury multi-family project will feature 300…

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Last Lots in Twin Creeks Development Sold; Builders to Break Ground on New Homes

Last Lots in Twin Creeks Development Sold; Builders to Break Ground on New Homes

Standard Pacific Homes and Ryland Homes have purchased the remaining 201 lots in the Twin Creeks master-planned community located in the Cedar Park area. Together the builders will develop The Reserve at Twin Creeks, the last section that remains undeveloped of the Twin Creeks subdivision, which currently counts for 800…

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McNeil Ranch Community Sold for $21M

McNeil Ranch Community Sold for $21M

Preferred Apartment Communities, Inc. grew its multifamily portfolio with 928 new units located in Atlanta, GA, Austin, TX and Raleigh, NC. The Maryland-based real estate investment trust has recently closed on the acquisition of three multifamily properties for a total of $90.8 million.…

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Hotel ZaZa Project Moves Forward, Gets Planning Commission Approval

Hotel ZaZa Project Moves Forward, Gets Planning Commission Approval

Despite the opposition from residents living at the Plaza Lofts, the controversial hotel has recently received Austin Planning Commission recommendation. The 24-story mixed-use project called Hotel ZaZa is planned on West Fourth Street between Guadalupe and Lavaca streets, very close to the residential property.…

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SunCal Buys Manor Master-Planned Community, Plans to Finish Project

SunCal Buys Manor Master-Planned Community, Plans to Finish Project

SunCal, an Irvine, Calif.-based residential development company, closed the deal on the 758-acre ShadowGlen master-planned community in Manor, an eastern suburb located just 14 miles from Austin’s city center.…

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Work Begins on 36-story Apartment Tower in Downtown Austin

Work Begins on 36-story Apartment Tower in Downtown Austin

A partnership comprising San Antonio-based Lynd and Austin-based Endeavor Real Estate Group broke ground last week on a planned 36-story tower that will add 358 luxury units to downtown Austin. Developers plan to complete the project in the third quarter of 2014.…

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Austin Apartment Community Changes Hands in $35M Deal

Austin Apartment Community Changes Hands in $35M Deal

The Dayton-based Connor Group recently purchased 290-unit River Oaks—a 40-acre gated apartment community located at 6607 Brodie Ln.—for $34.6 million. Built in 1997, the property includes amenities like a pool, spa, volleyball court and basketball court. The multifamily deal marks the second acquisition in Austin by the real estate investment…

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New Federal Courthouse Opens in Austin; $304M Apple Campus Underway

New Federal Courthouse Opens in Austin; $304M Apple Campus Underway

Austin’s federal courthouse has found a new home in an eight-story, 252,420-square-foot building of stone and glass. Located in the downtown area, the $123 million project opened three years and three months since breaking ground in 2009. Sitting on the site of the old Shell building, the new facility features…

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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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