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Transwestern Investment Group Sells Park 96 in Northeast Austin
Transwestern Investment Group, sold three flex buildings, dubbed Park 96, in Northeast Austin, Texas to an undisclosed buyer. Although the price of the sale was also not disclosed, the investment arm of Transwestern paid $7.8 million for the flex buildings...

Mueller Place Trades for $8.4 Million
A joint venture between two California-based investors purchased Mueller Place, an 86-unit apartment complex in Austin, Texas, for $8.4 million, or about $98,000 per unit. The joint venture, consisting of Arrowroot Real Estate and Dekel Capital bought...

Former Mack-Cali Chief Rudin Named President of Savills Studley
Mitchell E. Rudin, a veteran New York real estate executive who previously held senior positions at CBRE, Brookfield and Mack-Cali Realty Corp., will join Savills Studley as its next president, succeeding Michael Colacino who is stepping down at the end...

Facebook Linked to Major Lease for Entire 17-Story Austin Office Tower
If Facebook is the Fortune 100 firm behind the full-building lease for TIER REIT's Domain 12 (shown above) it will be the social media firm's second location in the north Austin office complex. The firm already leases over 100,000 square feet in the nearby...

KBS Sells Two-Building Office Complex in Northwest Austin
Private equity real estate firm KBS sold the two-building office complex Stonebridge Plaza I & II in northwest Austin, Texas, for an undisclosed price to Intercontinental Real Estate Corp. on behalf of its managed fund, U.S. Real Estate Investment Fund...

Canadian Investors to Acquire Huge Atlanta-Area Distribution Center
In a sign of continued investor interest in big-box industrial properties in the U.S., a Canadian REIT has partnered with a private investor to acquire 50 percent of a huge distribution center in an Atlanta suburb. Agellan Commercial Real Estate Investment...

For Amazon HQ2 Finalist Cities, The Day After Looms
The Lotus Riverfront at 450 Broad St. in Newark, New Jersey, is one of the sites offered as a possible home for Amazon's HQ2. After Amazon gave his county a painful snub in January, David Iannucci is stuck exactly where 19 communities may find themselves...

L.A.-Based Investor Buys 38-Story Mixed-Use Tower in Downtown Austin
Los Angeles-based investor American Realty Advisors acquired the 38-story mixed-use tower Northshore in downtown Austin, Texas, for an undisclosed price. American Realty Advisors bought the complex from a joint venture between a subsidiary of Trammel...

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...

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