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Kim_Gatley
Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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Hutto construction projects start ahead of schedule

UnderConstruction_CraneGround breaking for the construction of Schneider Boulevard through the new $100 million speculative building investment in Hutto by Titan Development will be Oct. 17. Construction on the first building will begin Nov. 6. …Read Entire Post

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Aldi sets opening date for first Austin-area store

aldi_present_logoAldi has set an opening date for its new store in Pflugerville – the discount grocer’s first location in the Austin area. The store, at 1415 FM 685, will make its debut Nov. 2, the chain said Monday.

Aldi, which traces its roots back to Germany, is in the midst of a major U.S. expansion. It currently has 1,600 stores nationwide and expects that number to grow to 2,500 by 2022. …Read Entire Post

37-story tower planned for downtown Austin block

Austin downtown skyline.

Austin downtown skyline.

Trammell Crow Company plans to build a 37-story tower with office, restaurant and retail uses on a prime downtown Austin block owned by the University of Texas System, documents filed with the city show. …Read Entire Post

InvenTrust Acquires Grocery-Anchored Center

HEB

InvenTrust Properties Inc. has acquired Kyle Marketplace, a 226,000-square-foot shopping center located in the southern Austin suburb of Kyle, for approximately $59 million. Anchored by H-E-B, the center is currently leased to tenants such as Starbucks, Subway and Whataburger. The seller was not disclosed. …Read Entire Post

Global Medical Acquires Hospital in Austin

Maryland-based Global Medical REIT Inc. has acquired Central Texas Rehabilitation Hospital, a 59,000-square-foot healthcare property located at 700 W. 45th St. in Austin, for roughly $40.6 million. The inpatient hospital features 50 beds and is leased to a joint venture between subsidies of healthcare providers Kindred Healthcare and Seton Healthcare.

Click here to read the original article: Global Medical Acquires Hospital in Austin REBusiness 9-29-2017

Reported mega-deal Acquisition by Brandywine

Real Estate Alert, an insider real estate publication, reports that Brandywine Realty Trust and its Austin portfolio partner, DRA Advisors LLC, will sell five office properties in their joint venture to Starwood Capital Group, a Connecticut-based investment company. …Read Entire Post

Facebook takes another big bite of downtown Austin with major lease

fb-artFacebook Inc. is reportedly poised to massively expand its presence in downtown Austin, with another office inside of a gleaming skyscraper.

The social media behemoth plans to lease more than 230,000 square feet inside Third+Shoal, the 29-story tower being built at 208 Nueces St., the Austin American-Statesman reports. …Read Entire Post

Another aspiring tech disruptor hits Austin

callboxA North Texas company with a disruptive take on storage is expanding to Austin with a 40,000-square-foot lease of warehouse space.

Callbox Storage LLC recently signed for the space in Pflugerville, off Howard Lane east of I-35. The company did not want to reveal the exact location, citing security concerns. It provides on-demand storage, picking up customers’ items — from holiday decorations to extra furniture — and moving them to a centralized location for safekeeping. …Read Entire Post

High-end home retailer closes Austin store at Domain

pirchAs it focuses on its profitable stores in California, high-end appliance and kitchen retailer Pirch is shuttering most of its 10 stores in other states — including a showroom at Domain Northside in Austin that opened just four months ago. …Read Entire Post

Local Resident to Develop Class A Office Property in Austin

Austin resident Michael Ayer will develop Davenport 360, a 33,911-square-foot, Class A office property that will be located at 6001 Bold Ruler Way along Capital of Texas Highway in Austin. The property will be situated near local retail and restaurant options and offer employees a three-level parking garage. The developer plans to break ground as soon as the property is 50 percent pre-leased.

Click here to read the original article: Local Resident to Develop Class A Office Property in Austin REBusiness 9-11-2017