Austin

The borrower, White Lodging, will use loan proceeds will be used to retire the existing construction loan, repatriate a portion of sponsor equity, and cover closing costs for Aloft and Element Austin Downtown.

A recent US Department of Commerce e-commerce report concluded that 90% of retail remains offline, in brick and motor stores, which is evidenced by four recently sold Texas retail centers totaling $90.8 million.

Avanath Capital Management LLC recently acquired Blunn Creek, a 280-unit affordable housing community, for $35.15 million, in a submarket with limited affordable housing options but high demand.

River South is an office development totaling 360,860 square feet with 37,000-square-foot average floorplates to accommodate high-density users, five levels of subterranean parking and a fitness studio.

In addition to a strong workforce, and rising labor and population rates, the business climate in Texas will facilitate further growth as companies move operations to the state, adding to multifamily demand.

A lower cost of living, higher quality of life, diverse economic make up and the state's pro-business stance have allowed Austin to remain the benefactor of significant job gains year over year, says JLL.

With the hope of securing seed funding for its future Southwest campus, the Austin Community College District looks to improve the quality of life for students by monetizing an underutilized office building.

Villas on 26th's location is less than half of a mile from the University of Texas at Austin campus, at the epicenter of the West Campus student housing market, which made it attractive to a recent buyer.