Tag: Austin Development

South Buda Business Park Lot Sold to ADB Investments

Business Park Drive, Buda, TX

[important]Austin Commercial Real Estate Site Sold!  ADB Investments, LLC purchased 4.4 acres recently from my client, CX Properties in Buda, Texas.  Lot 10, Block A has 535 feet of frontage on FM 967 (South Loop 4).  It is our understanding that the Purchaser will open and operate a large mining equipment refurbishment and sales business.  …

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Permanent link to this article: https://atxre.com/south-buda-business-park-site-sold-and-closed/

Q1 2014 Austin Multifamily Update

Quarter 1, 2014 Austin Multifamily update provided by Austin Investor Interests LLC, Austin Multifamily Report reveals the following regarding the current Austin Multifamily market. 17,627 units are under construction Q1 2014 Occupancy rates are at 94%, down .85% from previous quarter Rental rates increased 1.44 % to average of $1.20/SF Rent in CBD averages $2.51/SF …

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Permanent link to this article: https://atxre.com/q1-2014-austin-multifamily-update/

Coming Soon to South Austin, In N Out Burger @ 3701 South Lamar

In n out

My office just received notification from the City of Austin that a site plan has been submitted for the construction of an In N Out Burger at 3701 South Lamar – where there is currently a Wendy’s located. These types of notifications go out when your business is located within such and so many feet …

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Permanent link to this article: https://atxre.com/coming-soon-to-south-austin-in-n-out-burger-3701-south-lamar/

2014 Austin Forecast from 360 Real Estate Analytics

Eldon Rude

The following 2014 commercial real estate related items are from an Austin 360 Analytics Real Estate Forecast provided by Eldon Rude. • About 1.2 million square feet of office space was absorbed in Austin in 2013. Companies are growing and some are relocating here. The commercial market looks healthy. • 17,736 apartments are under construction …

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Permanent link to this article: https://atxre.com/2014-austin-forecast-from-360-real-estate-analytics/

Fourth Quarter 2013 Austin Industrial Market

Ellis & Salazar Sale

The vacancy rate in Austin’s Industrial market decreased to 7.8% in the fourth quarter of 2013 according to a recent report by the CoStar Group.  Click here for more information. In summary the report shows: Net absorption totaled a positive 300,000 square feet in Q4. Net absorption was down from Q3 when it totaled 463,000 …

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Permanent link to this article: https://atxre.com/fourth-quarter-2013-austin-industrial-market/

Quarter 4, 2013, Austin, Texas Office Market Report

Downtown Skyline

CoStar’s Q4 2013 Office Market report gives us a glimpse into the rapidly improving Austin Office Market.  Here are the details: Vacancy rate fell to 9.3% when compared to the previous quarter. Q4 net absorption totaled almost 500,000 SF up from the positive 300,000 SF absorbed in Q3. Rental rates average $27.94/SF/Year an increase over …

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Permanent link to this article: https://atxre.com/quarter-4-2013-austin-texas-office-market-report/

Q4 2013 Austin Apartment Market update

Hendricks Berkadia logo

Rental demand for apartments in Austin soared in 2013 according to a recent report by Hendricks-Berkadia Apartment Real Estate Advisors. Highlights from the report include: 6,240 apartments were absorbed in 2013 up from 3,350 units in 2012. US Hwy 183 / Cedar Park / Leander corridor and the Far South submarkets lead the way in …

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Permanent link to this article: https://atxre.com/q4-2013-austin-apartment-market-update/

Commercial Real Estate (CRE) Prices on the Rise

Great article from Texas economist, Dr. Mark Dotzour with the Texas A&M Real Estate Center. Dr. Dotzour does a great job of providing a status report regard CRE pricing and the tightening of money due to the credit market.  Key points include: New construction has been slowed by the tight credit market in the U.S. …

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Permanent link to this article: https://atxre.com/commercial-real-estate-cre-prices-on-the-rise/

Austin Retail New Construction News

CoStar reports that during the third quarter of 2013 that 200,00 SF of new retail construction was added to the local market.  Over the past year 744,000 SF has been built with 800,000 SF currently under construction. Notable 2013 deliveries include Mueller Market District HEB (total of 83,000 SF, 100% occupied), and 920 Old Mill …

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Permanent link to this article: https://atxre.com/austin-retail-new-construction-news/

Urban Land Institute (ULI) 2014 Emerging Trends Forecast, Austin, Texas

ULI recently published its annual Emerging Trends in Real Estate 2014 Report and Austin is featured prominently in its forecast. Under its Markets to Watch heading, Austin ranked seventh dropping three spots from 2013. The report notes a move by investors from core places like New York and Washington DC to more tech and energy …

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Permanent link to this article: https://atxre.com/urban-land-institute-uli-2014-emerging-trends-forecast-austin-texas/

Third Quarter, 2013 Austin Retail Market Overview

Marcus & Millichap have put together a great 3rd Quarter Market Report on the Austin retail market.  Highlights include: Vacancy is maintaining a downward trajectory (expected to be 5.6% by year end) as tenant demand remains healthy. Average asking rents by years end are expected to reach $19.21/sf/year up 1.4% from year end 2012. Construction …

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Permanent link to this article: https://atxre.com/third-quarter-2013-austin-retail-market-overview/

Austin Industrial Real Estate Market Tightens Up

Jan Buchholz with the Austin Business Journal sums up the local industrial market pretty well with this quote from her 10/15/13 article on the lease up of Scottsdale Crossing in Cedar Park. The industrial market has grown very tight in Austin with few new developments constructed in the past five years. The third quarter vacancy …

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Permanent link to this article: https://atxre.com/austin-industrial-real-estate-market-tightens-up/

Austin Office Property Sales Increase Year over Year

Austin, Texas

[important]The number of office building sales doubled in the first half of 2013 compared to the first half of 2012 according to a recent article in the Austin American Statesman.[/important] Twenty office buildings sold from January to June 2013 according to Helen Jobes at Kennedy Wilson (Commercial Real Estate Investment Firm) compared to ten in …

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Permanent link to this article: https://atxre.com/austin-office-property-sales-increase-year-over-year/

Austin Apartment Market Report 2010

Apartment Realty Advisors (ARA) of Austin, does a great job of putting together market survey reports.  Here’s an excerpt from the report and you can click below to read the entire document. Austin is weathering the economic downturn better than most major metros. Thanks to a strong government presence, a buoyant technology field, and an …

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Permanent link to this article: https://atxre.com/austin-apartment-market-report-2010/

Austin Multifamily Development Market Improving

GlobeSt.com Last Updated: February 18, 2011 01:25pm ET Photo courtesy of: Shiny Things Austin Ranks High for MF Development AUSTIN, TX-Of all commercial property sectors, multifamily is perhaps the only one that developers can get excited about today, and even then, there are only certain markets that can absorb new product. Local experts say Austin …

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Austin Retail Mid Year 2010 Market Report

As of mid year 2010, Austin’s retail market had a slight increase in occupied space vs year end 2009 according to Weitzman/Cencor’s Mid Year 2010 Retail Report. This made Austin the only major Texas metro that experienced an increase in occupancy during the first 6 months of 2010.  Retail occupancy increased from 91.5% to 92%. …

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Permanent link to this article: https://atxre.com/austin-retail-mid-year-2010-market-report/

Austin Named Best City for the Next Decade

Kiplinger magazine in their July edition produced a list of the “10 Best Cities for the Next Decade”.  Using criteria that included superlatives such as: “Places that specialize in out-of-the-box thinking,  with growth and growth potential, places where innovation works, where smart people and great ideas exist, and where collaboration with governments, universities and business …

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Austin New Businesses and Expansions 2010

The Austin Chamber of Commerce maintains an up to date list of New Businesses that have announced their opening in Austin as well as a list of Expansions. For 2010 year to date these include: Company Type of Operation Jobs Created Location Type of Action Bazaarvoice E-commerce software (Hdq. 80 Austin Expansion Cinsay E-commerce solutions …

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Permanent link to this article: https://atxre.com/austin-new-businesses-and-expansions-2010/

New to Austin, February 2010

Take a look at this list of all things new to the Austin Real Estate Market in February. New Austin Development San Marcos considers incentives for Alamo Drafthouse (AAS, 2/15/10)  The San Marcos City Council is once again looking to bring an Alamo Drafthouse theater to the city’s beleaguered Springtown center at tomorrow night’s council …

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Permanent link to this article: https://atxre.com/new-to-austin-february-2010/