Austin
Apple Bites for 4 Buildings Near New Campus
Riata Crossing North, the office complex comprised of four buildings in Northwest Austin, has been sold. The buyer is Apple Inc., already the solely occupant of the entire complex, which it had been leasing before the acquisition. The price or further details of the transaction were not disclosed, reports The Austin American-Statesman.
Lakeway Resort Wraps 18-Month Makeover
The AAA Four Diamond Lakeway Resort and Spa has reached the end of a complex renovation that took over 18 months to complete. Behind the nearly $7 million expansive makeover is the Dow Hotel Company.
St. Croix Capital Readies Kickoff of $90M Mixed-Use Project
St. Croix Capital Corp. announced the start of construction of a mixed-use development on a 60-acre site located in Southeast Austin, two miles west of the Austin Bergstrom International Airport. The project, dubbed Airport Gateway, will roll out in phases, containing hotel, industrial, and retail space.
Resource Real Estate Buys M-F Asset in Austin
Austin’s Woodmoor Apartments residential community has changed ownership. The new owner, Resource Real Estate Opportunity REIT, Inc., has completed the acquisition with sponsorship from Resource Real Estate, Inc. Details about the transactions were not disclosed.
Hamilton Zanze Picks Up Austin Asset No. 4
San Francisco-based real estate company Hamilton Zanze, purchased 15 multifamily assets worth over $297 million in the Western and Southwestern areas in the last 12 months; the firm continues its expansion with the acquisition of Bradford Pointe, a residential complex located in the North Central Austin submarket. The transaction represents the company’s fourth investment in Austin. The seller and the price of the acquisition remain undisclosed.
North America’s Largest JW Marriott Opens Its Doors
Two and a half years after the breaking ground event, the first JW Marriott Hotels & Resorts has opened its doors. The JW Marriott Austin is the largest hotel in Austin, the largest JW Marriott in North America and the second-largest JW Marriott in the world.
Pioneering Property Changes Hands in Central Austin
By Anca Gagiuc, Associate Editor Austin’s first transit-oriented mixed-use development is under new ownership. On Feb. 11th, MIG Real Estate L.L.C. announced its acquisition of Midtown Commons at Crestview Station. The asset is the fourth in the city and eighth in Texas for Newport Beach, Calif.-based MIG. Completed in 2009 by Trammel Crow Co., Midtown […]
HID’s New, Green HQ Reaches Milestone
HID Global, a worldwide leader in secure identity solutions, has announced it has finalized the consolidation of its world headquarters and North American Operations Center located in Austin. In the following 12-18 months, the company has planned to pursue a number of additional security certifications for its operation.
Crimson, USAA Realco Break Ground on Project in Northwest Austin
In Northwest Austin recently broke ground a new Class A office building. The new development, Aspen Lake Two, is a partnership between Crimson Real Estate and USAA Real Company.
SPOTLIGHT ON AUSTIN: Dividend Capital Buys Pair of Class A Office Buildings
Denver-based Dividend Capital Diversified Property Fund has expanded its footprint in Austin with not one, but two office-building purchases.