Austin

Flexible accommodations firm Stay Alfred can market vacant units as short-term rentals to provide an authentic, upscale living experience in 30 urban downtowns, GlobeSt.com learns in this <b>EXCLUSIVE</b> .

The seller was Drawbridge Realty, which acquired the property in 2013 and performed a complete redevelopment including new common areas and taking the building back to shell condition.

Construction financing has been secured for River South, a 350,000-square-foot office building, which consists of a $122.94 million floating rate with a term of five years with one 12-month extension option.

Nelson Partners acquired Skyloft, a class-A student housing property for $100 million; a property located one block from the University of Texas and already 77% preleased for the 2019-2020 academic year.

In this <b>EXCLUSIVE</b>, Terry Shuffler shares his insights into what is in store for residential this year, how interest rates and tariffs will impact the market, and the challenges that builders will face.

Construction finance platform Rabbet has closed an $8 million round backed by Goldman Sachs' principal strategic investments group, QED Investors and Camber Creek, which will allow expansion of its Austin teams.

The beach/Bayfront planned urban development is fully entitled with all necessary permits and approvals from the US Army Corps of Engineers, and benefits from special mixed-use zoning allowances.

The industrial property totals 350,171 square feet and was purchased by Hillwood in an acquisition that is consistent with its strategy to acquire high-quality industrial assets in major US markets.