AUSTIN-Top-of-the-line tenants are big winners as Austin's sublease space reaches Mount Everest heights. Market watcher Mike Buls says another 84,000 sf came to market in the last two weeks, pushing the total to a whopping 3.3 million sf.
AUSTIN-Austin's USOL Holdings aligns with Hampton Holdings of Portland, OR to explore future markets. USOL director Roy Rose is Hampton's founder and manager. The goal is to layer new units to complement USOL's multifamily high-tech business model.
AUSTIN-Loop One seals a one-year sublease for 1202 Spyglass Dr. for 8,077 sf in a deal that's guaranteed to save money. The office accommodations are about the same size, but the staff gets to office on the same floor, without the costs of Downtown parking.
BEE CAVE, TX-A small Austin suburb gets a piece of city life in a six-year, build-out plan for nearly 114.7 acres. The mix calls for prestigious retailers, a full-service Hyatt, low-rise office and mid-rise multifamily projects on the Baldwin tract.
AUSTIN-The state capital's third Sam's Club opens this week as an anchor at the South Towne Square in South Austin. The 117,000-sf store neighbors an all-round retail lineup in the MoPac Boulevard and Texas 290 corridor.
AUSTIN-San Clemente at Davenport has to wait on its 800,000-sf office component, but that's not the case with the retail plan. Land is being cleared as the leasing team gears up to sign a bank and dermatologist in February.
AUSTIN-Simon Property Group is close to turning over a pad site to Nordstrom's to build a 145,000-sf store at Barton Creek Square Mall. The target delivery is timed to catch the back-to-school trade in 2003.
AUSTIN-The 200-unit Town Lake Apartment tries one more time to garner Austin City Council's final OK for the development. The final step in the project's start has been on the agenda at least five times since the initial OK in June 2001.
AUSTIN-Two Littlefield Real Estate executives, with experience in manufactured housing community sales, switch affiliations as Marcus & Millichap looks to build up its Austin team. More hires are on the radar screen.
SAN ANTONIO-Mixed signals at the 2001 close indicate San Antonio already is on the road to recovery for its office market. The year ended with negative absorption, but it slowed to 21,000 sf in Q4, a marked decline from prior periods.