AUSTIN-In a rare show of all-round cooperation, the paperwork was expedited in 29 days for the Realtex Development project. Riverside Meadows became reality with $11.7 million in tax-exempt bonds, taxable bonds and 4% tax credits.
SAN ANTONIO-The 250-unit complex is the Dallas-based developer's first foray into San Antonio. The affordable housing project will break ground in January in the city's south submarket, an area in the midst of a redevelopment.
AUSTIN-In one decision, council suggests tapping a 10-story CBD skeleton for a 195,000-sf federal courthouse. Another names the construction manager for a city hall project and another clears a $5.5-million loan for a 57,000-sf office building.
AUSTIN-The Austin-based high-tech provider for the multifamily industry is hanging on, but warns shareholders that it's running out of cash. Lenders, who have doled out some breaks, can pull the plug at any time.
SHANGHAI-Legerity will keep its Hong Kong office, but shift its Asian headquarters to Shanghai, China. The company says the headquarters change saves money. In Austin, Legerity is a 100,000-sf tenant in the southeast submarket.
WACO, TX-Tractor Supply is planning to break ground in January on a distribution center that will triple its space in Waco and boost its local investment to $10 million. The 55-acre site is part of the 1,320-acre Central Texas Industrial District.
AUSTIN-Texas is lagging behind other states in the incentives game, economist Ray Perryman tells Texas officials. One recommendation is a $5-million effort to trumpet the state's business-friendly environment.
AUSTIN-The Greater Austin Chamber says it's a "delay" not an outright rejection of Austin, which has four other bioscience deals at various talking stages. If and when Project Atlantis is revived, it would be the city's biggest industrial catch in years.
AUSTIN-Aspyr Media gains double the office space in a relocation from the central submarket to the historic Kreisle Building. The firm wasn't necessarily looking at the downtown, but the property and terms make the deal fly.
AUSTIN-Liveable City is urging Austin to re-think $2.1 million in tax breaks for an office-retail development at Sixth Street and Lamar Boulevard. Whole Foods, an Austin native, is OK, but Borders presents a problem, says the group.