AUSTIN-In November, Dell Computer checks out of southwest Austin and turns out the lights on the last of its office space in the Las Cimas complex. Dell planned to exit Las Cimas II as tenants were found, but now has decided to retreat to its Round Rock campus.
SAN ANTONIO-Hogan Real Estate Services secures interim financing for the Eagle Ridge apartments. The project is ticketed to go up on 13.24 acres at the intersection of Wurzbach and Crystal Hill Drive in the city's western tier.
AUSTIN-Vacancy posted at 24.65% at the Q3 close, up just a shade in three months although sublease space tapered. A level of stability seems to be settling over the Austin office market so tenants might want to think about taking action now.
SAN ANTONIO-The banker replaces three locations lost in the Albertsons' exit from the San Antonio market. The new sites are freestanding buildings in the north central, central and northeast submarkets.
AUSTIN-The arts group possibly won its bid for the 28,000-sf building because it intends to remodel rather than raze. Occupancy is a few years out since the plan is to rehab. For now, it will be more storage space.
AUSTIN-Finer Living Distributors, a supplier of exterior residential products, leases 11,520 sf for three years. The new location doubles the firm's space and comes with a 2,200-sf showroom. Move-in is set for Oct 15.
AUSTIN-Vacancy posted at 24.65% at the Q3 close, up just a shade in three months although sublease space tapered. A level of stability seems to be settling over the Austin office market so tenants might want to think about taking action now.
SAN ANTONIO-Michael Schoenbrun has been named senior vice president and partner in charge of development for Cencor Realty Services in San Antonio. It is Cencor's third change in weeks for the office. In Austin, Trammell Crow names a senior associate.
AUSTIN-The Louisville, KY firm signs for 3,000 sf at the Summit at La Frontera after inking a new reciprocal agreement with Dell Computers. Lexmark will move into an 87,711-sf building close to Dell's campus.
SAN ANTONIO-The city is vying against four others in the US for Toyota's fifth manufacturing plant in North America. Naturally, suitors from all levels of government are out in full force as offers get laid on the table.