Austin

Redfin reported that 16% of homebuyers leaving Austin are moving to San Antonio, mostly due to affordability.

E-commerce giant says warehouse project on 193-acre site it bought last fall is "on hold indefinitely."

823 Congress, a 190,254-SF office and retail property, has been acquired by DRA Advisors and Pillar Commercial.

The firm's new office will be led by newly-hired managing director and head of Texas coverage, Mike Leifeste.

Nashville follows closely behind, with 4.6 million square feet of new office space under construction.

The lease renewal, which extends through 2028, addresses the firm's largest lease expiration of 2022.

The firm plans to break ground on the 750,000-SF, sustainable property in downtown Austin later this summer.

The REIT acquired a 95%-occupied, 205,000-SF shopping center for a purchase price that represents $190 per square foot.