AUSTIN-The city's industrial market is in a tailspin as it registers 361,172 sf in the red. Vacancy overall is 20%, thanks to the delivery of another 1.8 million sf and citywide exits totaling 890,748 sf. Building thankfully has slowed.
AUSTIN-Bread-and-butter deals are keeping Austin brokers busy in what is described as the start of a return to more normal market conditions. Class B tenants are trading up for nicer buildings, but not necessarily more space.
AUSTIN-Broadwing's job cutbacks and office consolidation plan drive the lease for an entire building, positioned right beside its 130,000-sf office in the north central submarket. CarrAmerica is the building owner.
AUSTIN-The city's industrial market is in a tailspin as it registers 361,172 sf in the red. Vacancy overall is 20%, thanks to the delivery of another 1.8 million sf and citywide exits totaling 890,748 sf. Building thankfully has slowed.
AUSTIN-It's finally a done deal between the city and Austin Revitalization Authority. Term changes snag an OK from council for a 10-year, $8-million lease for 22,000 sf. Construction starts in the summer.
ROUND ROCK, TX-The Austin suburb gets its first Candlewood Suites, a 98-room venue with business-class amenities. Equus is the owner and California-based Preferred Hotel Management controls the day-to-day operations.
AUSTIN-Another Insignia/ESG executive in Austin has joined the ranks of CB Richard Ellis. Heather Case is on board as the new director of asset services. It's all part of managing director Jerry Frey's plan to corner the market.
AUSTIN-Another Albertsons store opening pushes it ahead of competitor Randall's, but still leaves it trailing a hometown player, H-E-B. The ninth store opens in the former H-E-B anchor spot at a 122,921-sf shopping center in the southern tier.
AUSTIN-InTime Software Inc. of California has decided it's time to join the Austin semiconductor trade. The newcomer heads to the northwest submarket. Meanwhile, AMD is considering a boost in its Austin presence.
AUSTIN-AMLI likes the prospects in the Austin market so much that it's considering going forward alone on a downtown project. That's the word from the co-CEO to investors and analysts in yesterday's conference call.