AUSTIN-The latest Hendricks & Partners multifamily report says 75% of all Austin-area properties are offering concessions, including 95% of the class A lineup. Sales are down, absorption is down and construction...well, it's rising.
SAN ANTONIO-Vacancy reaches 6.3%, up from 5.9% a year ago, but the market in general is stable. More tenants are seeking out affordable housing in a market where the monthly rent jumped to an average of $601, says Hendricks & Partners' latest report.
SAN ANTONIO-Residents in San Antonio and Leon Valley hold onto their local grocery stores with hometown favorite, H-E-B, buying shuttered locations from Albertsons. With the buy, the San Antonio-based grocer gets a bank tenant.
AUSTIN-The latest Hendricks & Partners multifamily report says 75% of all Austin-area properties are offering concessions, including 95% of the class A lineup. Sales are down, absorption is down and construction...well, it's rising.
AUSTIN-Congress Holdings rolls out the red carpet for incoming tenants to the newest office building near the capitol. The 26,800-sf 1001 Congress is about 30% leased. Inbound street level, naturally, is a Starbucks.
AUSTIN-HNTB Corp., a Kansas City, MO-based multidisciplinary firm, looked and then stayed put after latching onto about double the office space at its existing address. The architecture, engineering and planning firm is taking the stairs at Southpark One.
CEDAR PARK, TX-The owner of the Dallas Stars and Texas Rangers is courting Cedar Park officials with a plan to build an ice facility, its size and precise address still undetermined, to service Central Texas. Cedar Park's choice is not happenstance.
PFLUGERVILLE, TX-Campbell-Hogue cuts the ribbon on the Heatherwilde Park Retirement Apartments in Pflugerville. It's the developer's second to come to market this year. A third complex is being planned for Austin's CBD.
AUSTIN-Balcones Dermatology and an accounting firm reserve an aggregate 15,200 sf in the two-building office complex in the north submarket. The dermatologist takes the largest block, 10,000 sf, and agrees to stay for 10 years.
AUSTIN-GTech brings three software development operations to Austin, where it leases 90,000 sf. The lottery operator is hushed about its real estate plans, but did say workers from Washington, Florida and Arizona are headed to town.