AUSTIN-The topping out ceremony is teamed with the release of an economic impact study that shows the CBD project could generate $1.8 billion for Austin in the next decade. First-year projections alone are $558 million, says local economist Angelos Angelou.
AUSTIN-Attorney Gregory L. Ceshker moves across the street into 2,115 sf at One Congress Plaza in the CBD after spending 1 1/2 weeks to find and sign a new deal. The tenant's rep credits Equity Office Properties' team with expediting the process.
SAN ANTONIO-Compass Bank stamps a 10-year lease for a 6,464-sf freestanding building that was once home to a Frost Bank. Renovation is underway for a bank branch and business development office. The move-in is set for March 1.
AUSTIN-For the first time in 18 months, the flex/research and development space managed a slim positive absorption in Austin. The uptick came at the close of the year to uplift hopes that the worst is over for the city's industrial market.
AUSTIN-The Save Our Springs Alliance files a lawsuit against the City of Austin and Stratus Properties Inc., which spent years seeking clearance for the mixed-use project in southwest Austin. One claim is the deal violated state laws against zoning by contract.
AUSTIN-The law firm of Dewey Ballantine becomes the fifth tenant to pre-lease office space in Cousins Properties' Congress at Fourth. The 35,000-sf, 10-year lease carries the 525,000-sf tower to 34% filled, with the opening still 10 months away.
AUSTIN-The law firm of Dewey Ballantine becomes the fifth tenant to pre-lease office space in Cousins Properties' Congress at Fourth. The 35,000-sf, 10-year lease carries the 525,000-sf tower to 34% filled, with the opening still 10 months away.
AUSTIN-Inbound from California is Neogent, a software services company. Outbound is ProSoft Training, which is consolidating the headquarters staff in its homeport in Phoenix. Austin's net loss is about 16,500 sf.
SAN MARCOS, TX-Buyer Triple Net Properties secures acquisition financing from GE Capital Real Estate, with the check going to STM Properties of Austin. Springtown Mall in San Marcos is a 96,423-sf venue leased to leading national retailers.
AUSTIN-For the first time since Q2 2001, the state capital's office vacancy has dropped just a notch to 23% at the 2002 close from 23.9% in the third quarter. Six submarkets posted declines, says Colliers International.