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Karlin Real Estate Acquires 186,000-Sq.-Ft. Plaza 35

Karlin Real Estate Acquires 186,000-Sq.-Ft. Plaza 35

Karlin Real Estate, one of the most active real estate investors in Austin, has closed another acquisition recently. The Los Angeles-based investor purchased Plaza 35, a 186,000-square- foot property at 12234 N. I-35.…

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AMD Sells and Leases Back Lone Star Campus, Generates $164M in Cash

AMD Sells and Leases Back Lone Star Campus, Generates $164M in Cash

Advanced Micro Devices Inc. is close to signing a sell and lease-back deal which is expected to generate approximately $164 million in cash for the technology company. AMD recently announced in a news release that an affiliate entity of real estate investment company Spear Street Capital agreed to buy the…

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Foundation Communities Plans 109-unit Affordable Project

Foundation Communities Plans 109-unit Affordable Project

Foundation Communities plans to build a residential project with affordable rentals at 2800 S. Lamar Blvd., a booming area with upscale multifamily projects. The local nonprofit could build the 109-unit apartment project on a site that currently houses a Goodwill retail store.…

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327-room Boutique Hotel to Break Ground This Summer in Downtown Austin

327-room Boutique Hotel to Break Ground This Summer in Downtown Austin

JMI Realty is finally optimistic about its 327-room hotel project planned for downtown Austin. After five years of being stalled due to the economic recession, the hospitality project is finally on track, expected to break ground by June 2013.…

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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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