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Stream Realty Partners Adds Industrial Tenant Rep Team in Houston

HOUSTON – (Realty News Report) – Stream Realty Partners is expanding its Houston industrial division with a tenant representation team led by Managing Director Tyler Maner. A number of real estate professionals will be hired for the industrial team, which will focus on representing tenants and owners that occupy industrial space. “We have seen a growing desire in the market, ... Read More »

62-Story Tower Will Be the Tallest Building in Austin

AUSTIN – A San Antonio developer has announced plans for a 62-story mixed-use tower that will become the tallest building in Austin, according to Shonda Novak of the Austin American-Statesman. The building, designed by Gensler, will have 300 apartment units and more than 500,000 SF of office space and retail space, says Michael Lynd of the Lynd Co., which is ... Read More »

Spire to Sell Chase Tower in Austin for Anticipated $200 Million

AUSTIN – Dallas-based Spire Realty has retained CBRE to sell its 390,000-SF Chase Tower in downtown Austin. The tower, which is 99 percent leased, could attract offers of more than $200 million or about $514 per SF, according to Real Estate Alert. The 22-story building, located on West 6th Street, houses the Headliners Club on the 21st floor. Spire acquired ... Read More »

Travis County Seeking Developer Proposals for Prime City Block in Downtown Austin

AUSTIN – The Travis County government in Austin, represented by CBRE, is soliciting development proposals for a full block in downtown Austin. The site, at 308 Guadalupe Street, is bounded by Third and Fourth Streets to the south and north, and Guadalupe and San Antonio Streets to the east and west. The block is catty-cornered from the W Hotel and ... Read More »

Calif. Firm Buys New Austin Office Project

AUSTIN – Menlo Equities has purchased the Champion Office Park, a recently-completed, Class AA office park totaling 221,136 SF in Austin. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, Endeavor Real Estate Group of Austin and Granite Properties. HFF also procured the buyer, Palo Alto, Calif.-based Menlo Equities, who acquired the fully leased property for ... Read More »

Brandywine Planning Downtown Tower in Austin

AUSTIN — Brandywine Realty Trust is planning a 25-story office tower in  downtown Austin with 210,000 square feet of Class-A office space. The building, currently known as “405 Colorado,” will include a first-floor grand lobby and 3,000 square feet of retail space, 12 floors of parking with a total of 530 spaces. The total height will be approximately 366 feet. ... Read More »

Closed: The Largest Seniors Housing Transaction in Texas History

DALLAS – Regency Post-Acute Healthcare System, a Dallas firm led by Donald Kivowitz, has sold a portfolio of 33 skilled nursing facilities in Texas. “The transaction is the largest seniors housing sale on record in Texas,” said the Marcus & Millichap real estate firm. The 4,200-bed portfolio includes nursing homes in Houston, Austin, San Antonio, Corpus Christi, Victoria and the ... Read More »

Valor Capital Makes Another Texas Buy

AUSTIN, Texas  – CBRE Capital Markets’ Investment Properties announced the sale of two stabilized Class B office buildings in Austin, totaling 124,310 square feet. New York-based Valor Capital Partners purchased the Briarcroft Building and 9101 Burnet from Nashville-based OakPoint Real Estate for an undisclosed price. The Briarcroft Building is a 63,825-square-foot, office building at 12710 Research Boulevard. The asset is 100 percent ... Read More »

The Tallest Condo Tower in Texas: Construction Begins

AUSTIN – A groundbreaking was held Monday for The Independent, a 58-story condominium that will be the tallest residential tower in Texas. The project will have 370 condos priced from the mid- $400,000s to $3.4 million. The site is at the northeast corner of West Third Street and West Avenue, next to Shoal Creek. The Independent is developed by two ... Read More »

Magic Johnson Fund Sells Stake in Austin City Limits Theater and W Hotel

AUSTIN – A Magic Johnson investment fund has sold its stake in the W Austin Hotel and the Austin City Limits theater for $187.2 million. Austin-based Stratus Properties Inc. bought Canyon-Johnson Urban Fund II interest in the downtown Austin property. Stratus Properties announced Monday that it had completed a refinancing of the W Austin Hotel & Residences and Austin City ... Read More »

Oracle to Build Massive Campus on Lady Bird Lake in Austin

AUSTIN – Oracle Corp. has purchased 27 acres adjacent to Lady Bird Lake, just east of downtown Austin, where it will develop a corporate campus for thousands of its employees. California-based Oracle, one of largest software companies in the world, will build more than 560,000 square feet of office space on the site, which is east of Interstate 35 and ... Read More »

Braun Enterprises Sells Austin Buildings

AUSTIN – Houston-based Braun Enterprises has sold a pair of Austin buildings – the Park Place II and III near US Highway 290 in south Austin. Nashville-based OakPoint Real Estate and Austin’ Haverwood Management purchased the buildings, a total of 68,000 SF of multi-tenant office space. CBRE Capital Markets’ Investment Properties handled the transaction. The Class B assets are 97 ... Read More »

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