Multifamily news in Luxury Housing - Austin
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Top Texas Metros for Multifamily Development in 2020
By August, developers had delivered 26,300 units in Austin, Dallas and Houston combined, placing the three areas among those with the highest multifamily completions in the country.
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Oxford Enterprises Buys Austin Luxury Apartments
Institutional Property Advisors arranged the sale of the 300-unit multifamily asset in Pflugerville, Texas.
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Intracorp Secures $194M Construction Loan for Austin Tower
MSD Partners and Bank OZK provided the financing for the 49-story downtown project.
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Former Concordia Campus Makes Way for The Troubadour
The six-story, 321-unit project is part of the planned mixed-use redevelopment of the 22-acre former Concordia University campus in Austin.
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Olympus Property Acquires Suburban Austin Community
Sherman Residential, the previous owner, purchased the asset in 2016 for nearly $32 million.
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Austin Luxury Community to Be Delivered Ahead of Schedule
The 308-unit Citadel at Tech Ridge will open to residents in December this year.
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NRP Group Breaks Ground on 500 Units
In partnership with Willton Investment Group, the developer has started construction on two communities in Austin, Texas and a suburb of Washington, D.C.
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BSR Expands Austin Presence With $104M Buy
The Arkansas REIT acquired Madrone and Cielo, two garden-style communities that total 554 units.
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CIM Group Completes Austin’s Tallest Tower
Nicknamed the Jenga tower for its distinctive stacked design, the 58-story condo community is located downtown and houses more than 20,000 square feet of amenities.
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Alliance Residential Breaks Ground, Delivers Apartments
The Phoenix, Ariz.-headquartered company is working on a new property near the Oracle campus and delivered a community adjacent to The Domain.
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Daniel Corp. Develops, Sells in South Austin
The company—which teamed up with CNL to construct the new project, located off William Cannon Drive and adjacent to McKinney Falls State Park—sold a 13-building community to Bell Partners.
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Top Multifamily Completions in Austin
Developers delivered more than 7,800 units to the city's housing stock in the 12 months ending in May, with the bulk designed for the upscale Lifestyle segment, according to Yardi Matrix.
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PointOne Holdings, NRP Group to Add 308 Units in Austin
The upcoming community will be located in the South Congress submarket, within walking distance of the adjacently planned H-E-B and Thirsty Planet Brewery.
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Newmark Knight Frank Brokers Sale of Luxury Texas Asset
Vice Chairman Patton Jones worked on behalf of seller LIV Development in the disposition of The Ace, a 330-unit property located roughly 25 miles of Austin.
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Camden Realty Trust Buys Austin Asset for $120M
The Millennium Rainey is a 326-unit, LEED Gold-certified midrise completed in 2016 in the city's historic Rainey Street district. NKF represented the seller in the transaction.