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Developer Luzzatto Buys Office Campus in One of the Biggest 2018 Sales in Austin, Texas
The Benbrook Building is one of 12 properties that make up the Austin Oaks office park.An office campus in Austin, Texas, that's locally well-known as the birthplace of job search engine and home to other tech startups is one of the most expensive...

CBRE Buys Peloton Operation in San Antonio
Gardner Peavy, the former Peloton partner and principal broker of its San Antonio office, was named managing director for CBRE's San Antonio operations. CBRE Group acquired the San Antonio operations of Peloton Commercial Real Estate, a boutique commercial...

Texas Retail Deliveries Have Slowed This Cycle
The growth of e-commerce, coupled with the ever-changing landscape of the overall retail experience has given the retail sector a negative stigma this cycle. While certain aspects of retail have been negatively impacted, and big box stores have been...

Austin Scraps Ambitious CodeNEXT Re-Zoning Effort
Austin City Hall at 301 W. 2nd St. in downtown Austin. Austin’s ambitious rewrite of its land development code is dead after the Austin City Council unanimously voted to scrap the project. It would have been the first comprehensive update to the city...

Bitcoin Boomtown: Major Cryptocurrency Firm Investing $500M in Tiny Texas Town
Halfway between Austin and College Station you’ll find Rockdale, population 5,628. The tiny Texas town has long been known as home to a large Alcoa aluminum smelting facility, where the furnace's fire has been out since 2008. Cryptocurrency and blockchain...

Office Construction Continues to Extend Outwards in the Four Major Texas Metros
Aerial of the ExxonMobil Campus in Spring, TX. Contrary to other large metro areas throughout the country, office construction in the four major Texas metros has been overwhelmingly concentrated in suburban areas this cycle. Dallas-Fort Worth has added...

RMR Group Targets $1 Billion in Assets for New Office Fund
4840 Westfields Blvd. in Chantilly, Virginia, is one of six suburban office buildings purchased by affiliates of Portnoy Family Office and being contributed to RMR's new office fund. RMR Group Inc. is launching a new office investment fund to which...

Israeli-Based Investor Acquires 250,000-SF Office Bldg. in Southwest Austin for $100.5 Million
Azrieli Group, an investment firm headquartered in Tel Aviv, Israel, purchased a 249,870-square-foot office building at 3700 N. Capital of Texas Hwy. in southwest Austin for $100.5 million, or about $402 per square foot. The Israeli investor acquired...

San Antonio-Based Developer Sells Tacara Steiner Ranch for $47.9 Million
San Antonio-based Casey Development sold Tacara Steiner Ranch, a 246-unit luxury apartment complex the firm developed this past year within the 4,600-acre Steiner Ranch master-planned development in northwest Austin, TX. The developed sold the community...

Army Futures Command Headquarters May Lure Defense Contractors to Austin, Texas
The UT System Board of Regents voted to provide the U.S. Army with space in the UT System building at 210 W. Seventh St. in downtown Austin.The U.S. Army's choice of Austin, Texas, for its new Army Futures Command headquarters brings 500 jobs into the...

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