FREDERICKSBURG, TX-The town of Fredericksburg, a favorite with Hill Country tourists, breaks ground on an 8,000-sf building to tout its many attractions. The idea is to provide a showcase to encourage longer stays.
BOERNE, TX-The 40-unit Bentwood complex has no trouble trading hands since it's situated in a market with a good cap rate. The town, about 30 miles from San Antonio, is a favorite resting ground for city workers.
AUSTIN-Murdock Capital Partners is brought on board by Austin-based USOL Holdings to help push a long-term growth plan. The alliance comes two months after the multifamily provider hired a consultant to explore future ops.
AUSTIN-Six buildings make the short list as the Austin Chamber of Commerce looks at all options for office accommodations that could take the nonprofit from the downtown to the suburbs. The chamber's 17,000-sf lease is up in October.
WACO, TX-The 151-unit Four Seasons complex at 620 N. Hewitt Dr. goes to a San Antonio investment company looking to hike rents to market level. The seller of the 30-year-old complex hails from Larkspur, CA.
AUSTIN-Air cargo traffic dips 16% in February comparisons while the first two months of the year reflect a 20% decline. International air cargo was the bright spot in the latest report of the Austin-Bergstrom airport.
AUSTIN-Allied Waste is moving into 51,500 sf at 10420 Metric Blvd. in the north central submarket, bringing closure to a battle with the city and residents over its long-time spot in East Austin. The firm signs a seven-year lease.
AUSTIN-It's no surprise to Austin brokers that sublease space again is on the rise. What is noteworthy in the latest report is the average term has increased from 35 months to 37 months. It could be one of two precipitating factors, says the report's compiler.
AUSTIN-Austin and Travis County stop shuffling developers between offices on projects with shared jurisdiction. Today, a cooperative office opens, giving a one-stop shop for permits, fees, site plans and the necessary reviews.
HOUSTON-A 157,792-sf office building in the Energy Corridor changes hands. The property, sold by a Houston investment group, is valued at $14.2 million and comes with lease rollovers of 2009 and 2011.