AUSTIN-Eleven East will break ground Wednesday, thanks to commitments from an office tenant and six retailers for the 57,000-sf project. Two commercial buildings, eight townhomes and six lofts are packaged into the East Side revitalization project.
AUSTIN-Phoenix-Lamar stays in the north submarket, but takes a new address. The tech firm signs for 8,910 sf in Corporate Center, a 117,000-sf industrial building at 8868 Research Blvd.
AUSTIN-The grocer's development program is at a record high, but still it's looking for more sites. The goal is 300 stores by 2010. Just this quarter, two stores opened and seven leases were signed. As for the profit margin, it just keeps growing.
BEE CAVE, TX-A Federated Department Stores' exec says the 2.3-million-sf Hill Country Galleria isn't on its radar screen. The Save Our Springs Alliance is in the midst of a campaign to get retailers to "just say 'no.'
AUSTIN-Occupancy and rent actually edged up in the year-to-year comparison by NAI Commercial Industrial Properties. It wasn't a lot, but enough to ring positive for the market and the tenants who've shifted strategies to suit the times.
SAN ANTONIO-Grubb & Ellis Co.'s San Antonio research team says an 800,000-sf user has eyes for one site that Toyota passed up. But, that's just the tip of the iceberg as users and investors start to shop the market now that Toyota's coming to town.
AUSTIN-The financing will help to build a combined 195 units for low-income elderly residents. The complexes are Garden Terrace in the south submarket and Oak Spring Villas and Rosewood I, both in the eastern corridor.
AUSTIN-The 6,900-sf Salons at Grapevine will be configured into 37 suites for stylists who want to be business owners and operators. The owner-occupied suites, marked for a March opening, are going into Grapevine Center in the north central submarket.
AUSTIN-In two years, the selling price for office buildings fell $26, with the last calculation averaging out to $119 per sf, says Gold Eagle Investments of Austin. With sales and prices down, sellers are holding on rather than hanging "for sale" signs.
AUSTIN-After a year of renovations, Endeavor Real Estate Group sets up shop in 7,000 sf of a 10,539-sf building at 1209 W. Fifth St., doubling its office area as an owner-occupant in a move from leased space in the CBD.