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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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Sendera Acquires Luxury Apartment Complex in Austin

Sendera Acquires Luxury Apartment Complex in Austin

By Camelia Bulea, Associate Editor Sendera Investment Group recently added a 250-unit apartment complex to its multifamily portfolio. The luxury property, called The Marquis Barton Creek, sits on 25 acres near the Barton Creek Resort and is tucked inside one of Austin’s most exclusive neighborhoods. The property was built in…

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Developers to Break Ground on 3 eleven Bowie in September

Developers to Break Ground on 3 eleven Bowie in September

By Camelia Bulea, Associate Editor Endeavour Real Estate Group, one of the developers of 3 eleven Bowie—a planned 36-story residential tower in downtown Austin, has released new details on the upcoming project. Construction on the luxury tower is slated to begin in the third quarter of 2012. Built by a…

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10 Years, $6M Later… and No Development at Wildhorse Ranch

10 Years, $6M Later… and No Development at Wildhorse Ranch

By Camelia Bulea, Associate Editor The 1,700-acre Wildhorse Ranch project was a great dream, and would have been the largest deal of its kind at the time—as the city agreed to reimburse up to $30 million to install water and wastewater lines, among other infrastructure, at the Northeast Austin site.…

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$32M Residential Project Breaks Ground in the Galindo Neighborhood

$32M Residential Project Breaks Ground in the Galindo Neighborhood

By Camelia Bulea, Associate Editor A new residential project recently broke ground at South Fifth and Cumberland streets and is expected to bring 119 condominiums, townhomes and flats to the area. According to The Austin-American Statesman, developing the project is a partnership that includes Terry Mitchell, president of Momark Development,…

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The Austonian Condominium Tower Refinanced

The Austonian Condominium Tower Refinanced

By Camelia Bulea, Associate Editor The owners of The Austonian have recently refinanced the 56-story luxury complex through Transwestern Structured Finance Group in Houston. No financial details were immediately made public. According to the Austin Business Journal, Spain-based Grupo Villar Mir formed Benchmark LLC and Second Congress Ltd. to develop…

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City Council Allows 121-acre Gatlin Creek Development to Move Forward

City Council Allows 121-acre Gatlin Creek Development to Move Forward

By Camelia Bulea, Associate Editor The Georgetown City Council unanimously approved a zoning change request at 4900 Williams Dr., thus allowing development on Gatlin Creek to move forward. The proposed Gatlin Creek Development is planned to include an assisted-living center, a nursing home, office condominiums, retail businesses and “patio-style high-end…

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Leander City Council Approves 2,000-acre Development

Leander City Council Approves 2,000-acre Development

By Camelia Bulea, Associate Editor The first day of May marked the approval of a 2,000-acre development that will be built in Leander over the next decade. The upscale development will include 3,200 residential homes and apartments, retail space, park land and three schools. The City Council approved zoning the…

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White Lodging to Break Ground on $300M JW Marriott

White Lodging to Break Ground on $300M JW Marriott

By Camelia Bulea, Associate Editor White Lodging disclosed plans to break ground on the $300 million JW Marriott Austin this summer. The developer recently revealed the design of the downtown hotel, which will be 33 stories high and will measure 1.2 million square feet. Designed for LEED silver certification, the…

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Austin Healthcare Industry Welcomes Lakeway Regional Center

Austin Healthcare Industry Welcomes Lakeway Regional Center

By Camelia Bulea, Associate Editor Lakeway Regional Medical Center recently opened its doors at 100 Medical Parkway. The eight-story hospital will offer primary care, general surgery, an emergency room, labor and delivery, oncology, dentistry and a host of other specialties. According to the Austin Business Journal, the 270,000-square-foot hospital has…

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