Austin
Austin Hampton Inn Hotel Sale Arranged by Marcus & Millichap
The Hampton Inn hotel located at 4141 Governors Row in Austin has changed owners. Marcus & Millichap Real Estate Investment Services arranged the sale of the six-story 123-room hotel, without disclosing the terms of the sale.
Titan Development Expands Industrial Park with 184 Acres
The Titan Industrial Park, located in Schertz and Selma, 20 miles northeast of San Antonio and 60 miles south of Austin almost doubled in size. Titan Development acquired earlier this month 184 acres for development after last August the firm had purchased 124 acres at Enterprise Ave. and Lookout Road.
Emerson Opens Third Global Innovation Center in Austin
Emerson Process Management opened its third global Innovation Center – Process Systems and Solutions in Round Rock, near Austin. The other two centers are located in Marshalltown, Iowa – a unique research & development facility that develops and tests flow control applications and technologies – and in Pune, India – a center where world-class software application is developed.
Brohn Homes Announces New Homes in Austin’s Pflugerville
Brohn Homes, a family operated and owned business with focus on custom home building, has announced the start of construction in Pflugerville’s established neighborhood The Commons at Rowe Lane. Prices start in the $220,000s.
HID Global Opened New World Headquarters and North American Operations Center
HID Global recently announced the opening of its new world headquarters and North American operations center at 611 Center Ridge Drive in North Austin’s Tech Ridge area.
Brandywine Realty Trust Buys Austin’s Four Points Centre
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.
Las Colinas Apartments Sold Through ARA
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.
Arc Capital Partners Acquires The Establishment Apartment Community in Austin
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 Acquires University Village & University Estates in 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 Announces Legends at Onion Creek Development
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.