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Transwestern has responded to a need for efficient and cost-effective living in Austin, demonstrated by the success of its first micro-unit project, the Indie, followed by Block 36 near the Sixth Street district.
While the decrease was only by $1 to $1,471, it still broke an upward trend in place since February 2017, according to a report by RentCafe, while the average rent in Texas is generally lower than the national average.
Amid a continuing tight labor market, the corporate campus at 3100 Alvin Devane Blvd. recently sold after a hold period of seven years which included extensive upgrades.
Anatole at Westinghouse represented an opportunity for Origin to partner with F&B Capital to acquire a newly developed asset at below replacement cost while assuming the original HUD loan.
Austin led the state with a record-breaking median price of $315,500, and Terry Shuffler of Trendmaker Homes echoes that performance in this EXCLUSIVE discussion of the outlook for Austin housing.
Some of the most affordable investment beach towns are located in Texas' Gulf Coast, namely Port Aransas with 18 beachfront miles on Mustang Island, where the average 50-foot Gulf front lot costs less than $1 million.
Revenue for the 2019 third quarter surpassed the $213.5 million in third quarter 2018, and operating income for the quarter totaled $27.3 million versus $21.5 million in the prior year third quarter.
Tech tenants are increasingly drawn to buildings that provide tenant lounges, fitness centers and other wellness initiatives/programs such as sit/stand desks, and of course, walkability to restaurants is a must.