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11/17/2017
CoStar's People of Note (Nov. 17) - Levy Lands at Crow, DePizzol Departs for NKF, Burdette Joins JLL...
The following companies announced personnel moves this week: Crow Holdings, Newmark Knight Frank, JLL, Avison Young, Kidder Matthews, Transwestern, JAG and Cushman & Wakefield | Thalhimer.img.pon{display: block; padding: 5px; width: 25%; max-width:180px...

11/15/2017
Blackstone REIT Buying 20-Property Apt. Portfolio for $460 Million
Meritage at Steiner Ranch. Steadfast Income REIT entered into a joint venture arrangement with Blackstone Real Estate Income Trust involving 20 of Steadfast's 63 apartment communities. The 20 assets total 4,584 apartment units. In the transaction,...

11/09/2017
Zenith Education Closing All but Three College Campuses
Zenith Education Group, which this past summer converted from a for-profit to a nonprofit career education provider, is planning to close 21 of its 24 remaining college campuses. Zenith plans to cease enrolling new students at the affected Altierus...

11/09/2017
Self Storage REIT Acquires 1.7 Million-SF Portfolio in South, Midwest
National Storage Affiliates Trust (NYSE: NSAT) has acquired a 27-property self-storage portfolio totaling 12,171 units across Colorado, Georgia, Indiana, Kansas, Louisiana and Texas. NSAT purchased the portfolio totaling 1.7 million square feet for...

11/08/2017
Kennedy Steps Down as Avison Young's Austin Managing Director
Mike Kennedy, a 38-year commercial real estate industry veteran who helped launch Avison Young's Austin office in 2014, is stepping down from his position as managing director. Effective January 1, 2018, Kennedy will relinquish his role as managing...

11/08/2017
Amherst Buys 1,523 Single-Family Rental Properties from Institutional Investor
Amherst Holdings acquired a portfolio of 1,523 single family rental (SFR) properties from an undisclosed institutional owner and operator of the rental properties for $153.4 million or about $100,722 per home. The acquired portfolio consists of rental...

10/27/2017
CoStar Market Insights: Office Projects in Downtown Austin Experiencing Strong Preleasing Activity
Austin's central business district has seen an incredible run through this cycle. Rents are up more than 30% compared to prerecession levels, vacancies are tight, and investment volume remains strong. Only six properties south of the Capitol have...

10/26/2017
WeWork Takes 65,000 SF in Downtown Austin's Chase Tower
WeWork will open its fourth location in Austin after the New York City-based co-working space provider signed a 65,076-square-foot lease at the 21-story Chase Tower in Austin's central business district. Anchored by J.P. Morgan Chase, RGM Advisors...

10/24/2017
Starwood Capital Group Completes Massive Office Deal in Austin
In one of the largest office transactions in Austin in recent memory, Starwood Capital Group, a Connecticut-based investment management firm, acquired a nine-building office portfolio from a joint venture between Brandywine Realty Trust and DRA Advisors...

10/18/2017
HCB Health Renews HQ Lease in Austin Centre
Austin-based HCB Health will maintain its downtown headquarters after the independent healthcare marketing and advertising agency agreed to a 15,470-square-foot renewal at the Austin Centre. The 16-story, 326,335 square-foot, Class A office building...

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