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05/17/2018
Austin's Soon-to-Be Tallest Tower Gets Big Boost with Big Lease from Indeed
The development partnership behind a big mixed-use project that will include Austin's tallest office tower is getting some help from online job search firm, Indeed. Indeed, a job site with more than 200 million unique visitors, has signed a long-term...

05/16/2018
DivcoWest Lines Up CalSTRS Pension Fund to Back $300 Million Core Investment Venture
Lakewood Center I, a current DivcoWest holding in Austin DivcoWest Real Estate Services, the San Francisco-based real estate investment firm headed by Stuart Shiff, has once again teamed up with the California State Teachers’ Retirement System (CalSTRS)...

05/14/2018
Dead Plan Walking: Austin's CodeNEXT Zoning Turmoil Could Sink City's Future
The first major rewrite of Austin’s land development code in 30 years will likely be dead on arrival when it appears before Austin City Council this coming June. The Austin Zoning and Platting Commission voted 7-4 to recommend the city "immediately...

05/14/2018
H&R REIT Agrees to Sell $633 Million U.S. Retail Portfolio
Pictured: A Home Depot in Strongsville, OH, one of 63 retail properties H&R REIT is expected to sell this June in a $633 million deal.Toronto-based H&R Real Estate Investment Trust said Monday it has entered into an agreement to sell 63 retail properties...

05/04/2018
StreetLights Residential Breaks Ground on 373-Unit Apt. Complex
StreetLights Residential, a Dallas-based multifamily developer, recently broke ground on a new 373-unit multifamily community, The Elizabeth at Presidio, located off of Highway 183 and the Texas 45 Toll Road in Northwest Austin. The apartment complex...

05/03/2018
Transwestern to Develop 236-Unit Block 36 in Downtown Austin
Houston-based Transwestern Development Co. acquired a 1.6-acre site at E. 3rd St. in downtown Austin to develop the 236-unit Block 36, a micro-unit apartment community. The 200,000-square-foot complex will primarily consist of studio units averaging...

04/27/2018
Influx of Law Firms to Texas Roiling Office Market
Each week, Glenn Callison, a shareholder at Dallas-based Munsch Hardt Kopf & Harr P.C., is approached by expansion-hungry national law firms honing in on Texas for their next big office. Callison and his leadership team have yet to accept an offer...

04/26/2018
EverWest, WHI Secure $19.9 Million Loan for Creative Office Project in East Austin
A joint venture between EverWest Real Estate Investors and WHI Real Estate Partners secured $19.92 million in financing for the creative office project, UpCycle, in Austin, TX. Robert Wooten and Eric Tupler of HFF arranged the financing on behalf of...

04/20/2018
Austin Is Developer-Friendly, But Construction is Slowing
Austin is often thought of as one of the least friendly markets for developers, at least by Texas standards. Capitol View Corridors, Heritage Oak requirements, not to mention sky-high land prices, often give developers heartburn. In reality, however...

04/16/2018
CSW Sells Fully-Occupied Shopping Center in Hutto
Austin-based CSW Development sold a 14,967-square-foot shopping center in Hutto, TX to a private investor for $8.47 million, or about $566 per square foot. The center, located at 4810 Gattis School Rd., was built last year in Austin’s Round Rock submarket...

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