Austin
Apartment Project at RunTex Site Gets Green Light
The Austin City Council has recently approved a zoning change that allows developers to move ahead with a six-story apartment project worth $35 million in downtown Austin. Continue reading →
HID Global Picks Austin for $36M Plant
HID Global Corp. has chosen Austin for its new manufacturing and distribution facility. After months of negotiations, which began early this year, the identity security company announced the decision to build a 200,000-square-foot operations center in Northeast Austin. Continue reading →
Tezzaron Saves Austin Research Fab
Tezzaron Semiconductor Corp. has announced it will buy the wafer fabrication plant on Montopolis Drive in southeast Austin, preventing more than 100 layoffs. Continue reading →
Blueprints for $120M Austin Public Library Nearly Complete
The new Austin Public Library will feature a light-filled atrium, street-level cafe and multiple gathering spaces, according to the most recent designs unveiled by its architects. Designs, which have been in the works for the past three years, show that the six-story building will also include a street-level bookstore and a special event center, reports KVUE.com.
Developers Break Ground on Denizen Multifamily Project
With site preparation finally complete, foundations for the first townhomes at the Denizen project were poured last week. Continue reading →
New GM Technology Center to Employ 500 IT Workers
By Camelia Bulea, Associate Editor
General Motors has announced plans to open a technology center in Northwest Austin, which is expected to hire about 500 IT workers. The company is recruiting software developers, project managers, database experts, business analysts and other […]
Austin Student Housing Market on the Upswing
By Camelia Bulea, Associate Editor
The local student housing market has shown obvious signs of improvement in the past year, with several private and public projects being delivered in the last few weeks and more scheduled to come. The Austin Business […]
HFF Arranges $27M in Refinancing for Round Rock Complex
By Camelia Bulea, Associate Editor
Holliday Fenoglio Fowler LP has secured $27 million in refinancing for City North at Sunrise Ranch, a Class A community in Round Rock. The 384-unit complex, which is 93 percent leased, is comprised of 19 buildings […]
CBRE Group Handles Two Retail Transactions in Austin
By Camelia Bulea, Associate Editor
Two shopping centers in the Austin area totaling 91,500 square feet have recently changed hands. RPS Partnership recently sold the 69,000-square-foot Baron’s Creek shopping center in Fredericksburg for an undisclosed price. The shopping center includes tenants […]
Austin Office Vacancies Fall in Q2 Due to Healthy Absorption
By Camelia Bulea, Associate Editor
The Austin office market showed signs of healthy absorption in the second quarter of this year, as nearly 219,000 square feet of office space were leased by companies like Cirrus Logic Inc., Whole Foods Market Inc. […]