AUSTIN-A $200,000 grant is facilitating a down payment on a second office building for the Austin Symphony. The organization plans to move into the 1117 Red River location in 45 days although it's needs to come up with some matching funds for the donation.
AUSTIN-Brauntex Material, a quarry owner in New Braunfels, is being taken over by the world's second-largest producer of construction aggregates. Martin Marietta says the takeover complements its quarry expansion in the region.
PFLUGERVILLE, TX-This Austin area community opens doors on its first multifamily complex, an $18.6-million undertaking by Winchester Properties, based in Garland, TX. The project's development has been made possible by a reworking of the zoning code.
AUSTIN-The Congress Avenue address makes a former department store a hot ticket for conversion into office space. Construction is gearing to start next month, with delivery eyed by October.
AUSTIN-Houston-based Epic Edge wants to shift its headquarters to Austin. The company is in the midst of talks for a spot near Southwest Parkway. The lease will facilitate a headquarters move and consolidation of Austin area satellite sites.
AUSTIN-River Asset Management has closed on a $5.8-million refinancing loan for its 252-unit Mark at Parliament Apartments in north San Antonio. The 10-year loan carries about a 78% loan-to-value ratio. The holding is 94% occupied.
ROUND ROCK, TX-Opus South is prepping for a 241,000-sf addition to Crystal Park, a holding of more than 42 acres. The latest project consists of two buildings slated for near back-to-back deliveries in the fall.
AUSTIN-Whisper Hollow and Highpoint Village is under new management. Its general partner, Income Property Specialists, based in Colorado, has taken the reins of the aggregate 388 units and will be investing more than $1 million to upgrade the properties.
ROUND ROCK, TX-Despite opposition from city council and residents, Hunt Building has gotten its funding and is off and running on an affordable housing project. The 167-unit complex in South Creek is valued at $14 million.
AUSTIN-US OnLine is beefing up its services at the 308-unit Oakwood Austin complex. Los Angeles-based Oakwood Worldwide owns the multifamily property, which will be getting its bricks connected to high-speed clicks.
