Austin
Ryan Cos. Reveals $210 Million Corporate Project in Austin
Minneapolis-based development and construction company, Ryan Cos., unveiled the impressive project it plans to develop on the south shore of Austin’s Lady Bird Lake. The Waterfront corporate development illustrates a 625,000-square-foot office development on 10 acres, west of Pleasant Valley Road.
CAHFC and The NRP Group Celebrate the Opening of Sienna Pointe Multifamily Development in San Marcos
A new multifamily development celebrated its grand opening in San Marcos. The NRP Group LLC and Capital Area Housing Finance Corporation held the ceremony for Sienna Pointe, a 228-unit development designed to provide top quality living at affordable costs.
Moody National REIT Under Contract to Purchase Arboretum Hotel in Austin
Houston Mood National REIT I is under contract to purchase the Hilton Garden Inn Austin NW/Arboretum located at 11617 Research Blvd. The offering is of $29,250,000, according to a news release.
SpringHill Suites- Austin/Cedar Park Will Begin Development
The hospitality segment of Austin is preparing to welcome a new hotel. Worth Hotels LLC announced the development of SpringHill Suites – Austin/Cedar Park that will be located at 1110 Discovery Blvd. in Cedar Park. Worth Hotels LLC will be the developer and will operate the hotel after completion – opening is estimated for the 1st quarter of 2016.
HFF Closed Sale of 314,399 Square Feet of Class A Office Space in Austin
HFF announced closing the sale of a Class A suburban office portfolio totaling 314,399 square feet in Austin; they’ve represented the seller, Intercontinental Real Estate Group. The buildings involved in the transaction are Stonecreek I and II and Canyon at Wild Basin. The financial details of the transactions were undisclosed, but both properties were sold clear of any existing debt.
Summit Hotel Properties Acquires Hampton Inn & Suites for $53 Million in Downtown Austin
Summit Hotel Properties announced the acquisition of the Hampton Inn & Suites, the first property owned by the company in Austin, the home of their corporate offices. The new addition is located downtown, just one block from the Austin Convention Center and Lady bird Lake, in the central district. Summit Hotel Properties, Inc. has a portfolio consisted of 91 hotels, encompassing 11,589 guestrooms in 21 states.
EdR Acquires 900-Bed Student Housing Property Near ASU for $90M
The property first opened its doors to residents in August 2013, offering 279 units laden with the high-end amenities that are fast becoming a prerequisite among the student population.
The Girls’ School of Austin Earns Four-Star Rating from Energy Green Building
The Girls’ School of Austin, the city’s only private, independent school for girls in grades K – 8, dedicates its new buildings and grounds on September 13, followed by architectural presentations and workshops on sustainable design. The project came to completion after several years of capital campaign and nine months of construction.
Sonesta Bee Cave Austin to Open in Spring of 2015
In February 2014 Sonesta Bee Cave Austin, a 195-room hotel broke ground, joining Sonesta’s growing portfolio. This is the company’s third Texas property and it is scheduled for a spring 2015 opening.
Taylor Morrison Expands Further in the Austin Area through Dripping Springs Land Acquisition
After announcing a new phase of development at Leander’s Fairways at Crystal Falls, Taylor Morrison announced the acquisition of over 100 acres in Dripping Springs. Here is where the Founders Ridge single-family home community will debut in mid-2015.