CEDAR PARK, TX-A 30,000-population community is getting its share of the economic development pie as permit values for commercial and industrial development jump to $154.3 million. Sales tax receipts bring in another $5.3 million in 2001 revenue.
SAN ANTONIO-The focus now for the 92-unit Calypso Apartments in San Antonio is to beef up occupancy. The borrower sought a short-term loan during repositioning of the recently renovated community, with a plan for a long-term note down the road.
AUSTIN-The 102-unit Hamilton in South Austin pulls $6 million from California-based Concierge Asset Management, headed by Maxwell Drever. Austin Hamilton Ltd. of Friendswood, TX is the seller of the 5.2-acre holding.
CEDAR PARK, TX-A 30,000-population community is getting its share of the economic development pie as permit values for commercial and industrial development jump to $154.3 million. Sales tax receipts bring in another $5.3 million in 2001 revenue.
AUSTIN-The first recruiting trip in nearly a decade has some six California companies considering Austin as an expansion location. The decisions won't be made overnight, but the Greater Austin's VP believes the announcements will come.
AUSTIN-All around town, building owners had eyes for the Fulbright & Jaworski law firm as it scouted the market for the best leasing opportunity. In the end, the firm stays put at One American Center in the CBD.
AUSTIN-The coming to market of 140,000 sf of class A space at two Las Cimas buildings pushes the sublease thermometer to 3.024 million sf, up from 3.022 million sf just two weeks ago. Austin's direct and sublease space now totals 6.5 million sf.
MIDLAND, TX-Deloitte & Touche lands an outsourcing contract for accounting and information technology for about 3.7 million sf of Midland Red Oak Realty's portfolio. The portfolio is 77% retail and 23% office.
AUSTIN-Austin's warehouse space, retail power center and neighborhood shopping centers are the best investment deals and growth areas, says Real Estate Research Corp. Six other commercial classes are labeled below average.
AUSTIN-Angelos Angelou and Rick Thrasher are rolling their firms into one, AngelouEconomics. Thrasher becomes managing director while Austin's favorite prognosticator, Angelou, is CEO.