AUSTIN-Southwest Housing Management, headquartered in Dallas, is pushing dirt on its first Austin project, a 176-unit complex in the city's northeast submarket. Austin Housing Finance Corp. is partnering on the development, which carries a late 2002 delivery.
AUSTIN-Prosoft Training and Netbotz raise $12.5 million total in funding rounds. Netbotz counts as its investor Hill Partners Inc., an Austin-based real estate investment company while Prosoft has Dallas-based Hunt Capital Group.
AUSTIN-Fujikin of America is staying put in its 3,195-sf office in the Wells Fargo Bank building in the state capital's southeast submarket. The location is too good to forfeit since it's close to the firm's semiconductor manufacturing clients.
AUSTIN-The state capital's sublease space is now 2.5 million sf, but it's not all bad news says the data collator. This time, only 1,000 sf of the added 100,000 of office space was in the city's hard-hit northwest submarket.
AUSTIN-The writing's on the wall for two chip plants and another 1,000 jobs in Austin's manufacturing arena. Advanced Micro Devices says the cuts will save $125 million and allow it to focus on flash memory devices and PC processors.
AUSTIN-Now that the acquisition is fine-tuned, the Texas Culinary Academy will relocate into 50,000 sf at the Domain in North Austin. Career Education of Illinois earlier this summer bought the Austin-based academy.
AUSTIN-Interstate Batteries is charging into the Austin market, lining up a 2,400-SF spot in Lamar Village and 1,600-sf location at Stassney Heights. The Dallas-based retailer has signed five-year leases for both locations.
AUSTIN-The state capital's sublease space is now 2.5 million sf, but it's not all bad news says the data collator. This time, only 1,000 sf of the added 100,000 of office space was in the city's hard-hit northwest submarket.
AUSTIN-The gap between buyers and sellers in Austin has yet to narrow despite the economic times. First, most large building owners don't have to part with their properties. And second, there are no fire-sale deals and rent forecasts are dismal.
AUSTIN-Brown Engineering of Houston is coming to Austin, taking a 2,500-sf office spot in the Executive Plaza along Burnet Road. Years of working with Austin clients sparks the move to open an office in the state capital.