Austin
TODAY’S DEALS: Miami’s Surf Club Four Seasons Lands $290M Construction Loan
HFF arranges financing for a Miami condo/hotel development via Blackstone; Berkadia provides a $56.5 million acquisition loan; and Walker & Dunlop provides $33.4 million for a student housing acquisition in Orlando, Fla.
Hartz Buys 266-Unit Apartment in Austin
CBRE represents Hartz Mountain Industries in the acquisition of a 266-unit apartment in Austin’s central business district.
Transaction Kicks Off TCC, Hanover Co. Redevelopment in Austin
The sale and transfer of the Green Water Treatment Plant parcel in Austin has officially kicked off the redevelopment of the site by a partnership involving Trammell Crow Company, The Hanover Company and Pacific Life Insurance Company.
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.
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.
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, studio and retail space. It […]
$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, along with Adam Nyer of […]
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