Austin

Brandywine Realty Trust recently paid $47.3 million to buy Four Points Centre and related land parcels in Austin. The acquisition was announced on December 20. At the same time, Brandywine, one of the largest, publicly traded, full-service, integrated real estate companies in the United States, also announced it purchased the remaining common ownership interest in One and Two Commerce Square, in Philadelphia’s Central Business District, for $331.8 million.

The apartment community located at 1500 Reagan Hill Dr. in northeast Austin has again switched owners. The last time the property was on the market was in 2012 when it was acquired by San Diego-based Quez Capital.

On November 22, 2013, the Los Angeles-based boutique commercial real estate platform Arc Capital Partners, formed by industry veterans Quincy Allen and Neville Rhone, entered into a joint venture with Cardinal Group Investments (CGI) to acquire an apartment community located in the South Congress submarket of Austin.

Investcorp, one of the prominent providers and managers of alternative investment products headquartered in New York, announced the acquisition of several residential properties in separate transactions, in Austin, Chicago and Las Vegas. The amount paid for all transactions was approximately $270 million.

American Housing Ventures is a young company created by Mark Wolf and partner Spencer Rinker who recently secured a 115-acre parcel east of one of Austin’s most popular communities, Onion Creek. Here they’re planning to build Legends at Onion Creek, a section of 287 single-family homes.

The property at 7700 W Parmer Lane in Williamson County will accommodate Oracle’s new office. The building is currently occupied by Freescale Semiconductor Inc., who announced it would relocate its operations to South Austin by the end of 2013.

The southeast corner of East 11th Street and Interstate 35, regarded as a gateway into East Austin, has been changed by the podium-style community developed by Forestar Group Inc. in partnership with Canyon-Johnson Urban Funds. The grand opening ceremony took place a few days ago and the first residents have already moved in.

By Anca Gagiuc, Associate Editor

The real estate investment trust Gramercy Property Trust announced the acquisition of an industrial facility in Austin. The transaction went through after the company executed definitive agreements for a private placement of 11,545,200 shares of common equity at $4.11 per share. The Private Placement raised gross proceeds of $47.4 million.

A new partnership has formed between Bethesda, MD-based Moore & Associates and Dallas-based Velocis Fund. The latter acquired the majority interest in two Class A office buildings: Arboretum Atrium at 9737 Great Hills Trails and Las Cimas I at 804 Las Cimas Blvd; the properties total 170,000 square feet.