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CIM co-developed The Independent with Aspen Heights and the two firms recently completed construction on the 58-story 363-unit condominium tower measuring 685 feet, the tallest in Austin.
When marketing the Robinson-Rosner Building, CBRE was not surprised to receive interest and offers from both national and international investors for a rare opportunity to purchase a historic building.
Castle Lanterra Properties renovated Asher, which resulted in meaningful rent premiums, provided proof of concept and substantial upside potential for the new owner at a purchase price of $70 million.
The metro added 40,000 jobs last year which continued to boost construction, with rents increasing 4%, fueling multifamily acquisitions in the vein of Beck at Wells Branch in northern Pflugerville-Round Rock.
Newmark Knight Frank was appointed the exclusive listing agent for the 64,000-square-foot creative office development to be built at 1141 Shady Lane, located in the East Austin opportunity zone.
Not only is a Rainey District property setting a high bar for its construction loan amount of $87.9 million, but also as one that is allowing short-term rentals rather than restricting them.
More companies are relocating to Austin, which in turn, attracts more residents, and as the popularity of online shopping continues to grow so will the industrial real estate that serves those residents.
RealPage released a new report that takes a deep dive into the top five markets' urban cores, Austin, Philadelphia, Houston, Chicago and Cleveland, with the highest downtown premium apartments.
Riata Corporate Park, the 61.5-acre technology campus in Northwest Austin, has signed two leases totaling 200,000 square feet of office space, bringing it to 100% occupancy.
Value-add is wildly popular in Austin because with the immense employment growth, affordable living is hard to find; therefore, '80s-vintage communities are providing the workforce housing for Austin.