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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...

NAI Partners’ Private Equity Arm Adds San Marcos Place to Portfolio
NAI Partners’ Investment Fund II, a recently-raised fund for the firm’s private equity arm, acquired the 73,105-square-foot San Marcos Place from a private investor taking title as Lindenmuth Realty LLC for an undisclosed amount. Located at 900 Bugg...

Sears Adds Another 10 Unprofitable Stores to September Closing List; Tally Now Stands at 78
The 100-store closing process for Sears and Kmart stores is moving into full throttle as parent company Sears Holdings announced late last week that 10 more would join the list of stores to be shuttered by September. As of now, 78 stores have been...

Austin vs. Nashville: Two Cities with A Lot in Common
Aerial image of Austin. Similarities between the two cities are obvious, even with a cursory look. Not just because Nashville and Austin have vibrant music scenes, but because the two have completely transformed this economic cycle. Both markets have...

Student Housing: The New Safety Play for Major Real Estate Investors
Twelve at U District, an American Campus Communities property at 4535 12th Ave NE in Seattle. While the news that multifamily investor/operator Greystar and an affiliate of Blackstone planned to buy Education Realty Trust and its portfolio of off-campus...

New York-Based Firm Puts Republic Square Up for Sale
New Hyde Park, NY-based Kimco Realty Corp. retained Holliday Fenoglio Fowler LP (HFF) to shop its 112,625-square-foot neighborhood retail center, Republic Square, in Georgetown, TX to potential buyers. Cathy Nabours, Drew Fuller, Jim Batjer and Walter...

Tricon Launches $2 Billion Joint Venture to Buy U.S. Homes
Pictured: Tricon American Homes' headquarters in Orange County, CA.Toronto-based Tricon Capital Group Inc. said it has signed up one of the world's largest sovereign wealth funds and a similar level state pension plan in the United States for a new fund...

Apartment Construction Booming Across the Southern U.S.
The 816-unit Park Line Miami apartment towers at 250 NW 1st St. in Miami. The project is slated to be completed by the fourth quarter of 2019. Due to impressive in-migration as well as demographic growth and booming economies, southern metros have...

Holiday Retirement Secures $65M Loan to Recap New England Club, The Renaissance
The 253-unit New England Club at 8135 Beechmont Ave. in Cincinnati Dallas-based Holiday Retirement secured $65 million in financing to recapitalize two senior housing facilities it owns and operates in Cincinnati and Austin. Capital One provided...

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