TEMPLE, TX-Echo Station, a 19th century post office and train station now in the municipal bounds of Temple, is the construction site of a 176-unit apartment complex that will deliver in May 2003. Malone Mortgage arranged the financing package.
AUSTIN-AT Systems Southwest seals a 6,300-sf deal for the north central submarket while One Design's 20045-sf pact hangs a "no vacancy" sign on the 54,000-sf One Tech Plaza along Wells Branch Parkway.
AUSTIN-Three new buildings, totaling 323,500 sf, and 140,000 sf of sublease space intensify conditions in the southwest submarket. Since June, vacancy has nearly doubled to 14.4% and rent's down by nearly $2 per sf.
AUSTIN-It seems Austin's convention center expansion was just what the World Congress of Information Technology was seeking. The host city could reap some $17 million in revenue from the big-draw conference.
AUSTIN-It's not the largest deal, but it still pulls 4,727 sf from Austin's sublease roster. Eagle Ward Rehab moves into Barton Oaks Plaza II. Plaza 7000 along North MoPac also gets a new medical tenant with a 3,014-sf signing.
AUSTIN-Seasoned professional Steve Laas is named the senior manager and commercial practice leader in Austin for Deloitte & Touche Property Tax Services. His background spans stints at such big league players as CB Richard Ellis.
AUSTIN-It's too early to tell if it's a trend, but it's at least a start. For the first time in a year, sublease space dips. Some 17,000 sf is pulled from available Austin space, says market watcher Mike Buls. The total now is 3.426 million sf.
AUSTIN-The latest real estate value cycles report puts Austin at the forefront for value-driven investors in office, multifamily and hotel sectors. The state capital's bright spot is the hotel market, predicting a dramatic occupancy rise in the coming years.
SAN ANTONIO-Intertech Flooring renews a 12,800-sf lease with Denver-based ProLogis Trust. The Austin-based tenant has its San Antonio location in the three-building Perrin Creek complex in the northeast submarket.
NEW BRAUNFELS, TX-Award-winning developer Larry Peel is eyeing the challenge of converting an idle power plant into a multifamily project. The plan is to put 110 to 120 lofts into the structure and build 178 garden units on 23 acres surrounding the plant.