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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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Undeveloped Tract Transformed into a $35M Mixed-Use Project in East Austin

Undeveloped Tract Transformed into a $35M Mixed-Use Project in East Austin

By Camelia Bulea, Associate Editor Richard deVarga, a local developer and architect, and Robert Summers, an Austin attorney and arts advocate, recently bought 25 acres of undeveloped land in East Austin and plan to convert it into a $35 million mixed-use project that will include 150 residences along with public,…

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CBRE Group Handles Two Retail Transactions in Austin

CBRE Group Handles Two Retail Transactions in Austin

By Camelia Bulea, Associate Editor Two shopping centers in the Austin area totaling 91,500 square feet have recently changed hands. RPS Partnership recently sold the 69,000-square-foot Baron’s Creek shopping center in Fredericksburg for an undisclosed price. The shopping center includes tenants such as Beall’s, Dollar Tree and AT&T. The buyer,…

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Austin Office Vacancies Fall in Q2 Due to Healthy Absorption

Austin Office Vacancies Fall in Q2 Due to Healthy Absorption

By Camelia Bulea, Associate Editor The Austin office market showed signs of healthy absorption in the second quarter of this year, as nearly 219,000 square feet of office space were leased by companies like Cirrus Logic Inc., Whole Foods Market Inc. and Green Mountain Energy Co., according to the most…

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Developers Plan Senior Housing and 188-home Projects in Leander

Developers Plan Senior Housing and 188-home Projects in Leander

By Camelia Bulea, Associate Editor The City of Leander is welcoming two major housing projects, with the transformation of around 300 acres of land into a 188-home development, as well as a mixed-income and senior-housing project. The first housing project will be built on 251 acres of land, recently purchased…

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CBRE Selected for Huge Apartment Deal in Austin

CBRE Selected for Huge Apartment Deal in Austin

By Camelia Bulea, Associate Editor The sale of RIATA—an expansive apartment community in Northwest Austin—is to be one of the largest multifamily investment deals in the metro area when completed. CBRE Group Inc., represented by Charles Cirar, Ryan Reid, Michael Wardlaw and Mark Stymiest, was selected to list the property…

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American Campus Announces Acquisitions Totaling $627M

American Campus Announces Acquisitions Totaling $627M

By Camelia Bulea, Associate Editor Austin-based American Campus Communities Inc. announced the completion of its due diligence investigation related to the acquisition of 15 student housing properties for $627 million. The properties were acquired under a merger agreement with affiliates of Illinois-based Campus Acquisitions LLC, as reported by the Austin…

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JCI breaks Ground on 300-unit Buda Development

JCI breaks Ground on 300-unit Buda Development

By Camelia Bulea, Associate Editor Six months after JCI Residential made public its intention to build a $24 million multifamily complex in Buda, the Austin-based developer announced the groundbreaking of the new project. The 300-unit complex, called Silverado Crossing, is being designed by Plano firm Cross Architects, while the general…

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