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

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Health care system plans to build Pflugerville's first hospital

BSW_HealthBaylor Scott & White Health has submitted a proposal to construct a facility at 2600 E. Pflugerville Parkway on 149 acres next to the Falcon Pointe subdivision, Community Impact reports. Pflugerville City Council rezoned the land, near State Highway 130 toll road and East Pflugerville Parkway, in October. …Read Entire Post

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Mothers’ Milk Bank scores bigger HQ in Austin

Mothers’ Milk Bank at Austin — the largest distributor of human milk in the country — is preparing to move into a property it purchased last year at 5925 Dillard Circle near the Austin Community College campus at the former Highland Mall. …Read Entire Post

The Limited to shutter store amid national downsizing

tanger_outletAmid a national downsizing, women’s clothing retailer The Limited is set to close its San Marcos store at the Tanger Outlets mall off I-35 south of Austin.

The closings come as the retailer has been planning to file for bankruptcy and has been laying off employees at its headquarters in Ohio, sister publication the Columbus Business First reports. …Read Entire Post

Austin developer buys downtown IHOP site

ihop-logoThe IHOP at Interstate 35 and East Cesar Chavez Street was acquired late last year by WC 707 Cesar Chavez LLC, an entity the Texas Secretary of State says is linked to World Class Capital Group.

A purchase price was not disclosed. The Travis Central Appraisal District valued the .77-acre site at 707 E. Cesar Chavez St. at $8.1 million last year, up from $5.4 million in 2015. …Read Entire Post

New office tower underway at Austin’s Domain

domainauDevelopers have started work on Domain Tower, an 11-story building that will bring 310,000 square feet of space to market when it opens in early 2018.

Domain Tower will be the first office building at the Domain, which will be at 10721 Domain Drive from. Initial interest is coming from prospective tenants in the technology and financial services industries, say the developers. …Read Entire Post

Two Properties at The Domain change hands

Domain 7 Rendering courtesy Endeavor

Domain 7 of The Domain.

Domain 2 and Domain 7 have been acquired by Dallas-based Tier REIT, Real Capital Analytics reports. Endeavor Real Estate Group was backed by Shorenstein Properties in the development of Domain 7, which was just purchased by Tier REIT, a Dallas company. …Read Entire Post

HEB buys land near Austin airport

Larger HEB planned for Marble Falls.

HEB buys 17 acres close to the airport.

HEB Grocery Co. has purchased 17 acres east of Austin-Bergstrom International Airport, the site of a possible future store in a large mixed-use development taking shape. The San Antonio-based grocery chain bought the land at FM 973 and State Highway 71 for an undisclosed price, according to the Austin American-Statesman. …Read Entire Post

Blue Starlite moving from Austin to Buda

bsliteThe Blue Starlite drive-in will soon leave the Austin Studios complex on East 51st Street in East Austin to make way for new development, but the owner has been able to secure a 10-year lease on a new site in the Buda area. The new facility is expected to open in February at 1510 Satterwhite Road, on Buda’s eastern outskirts. …Read Entire Post

3-story project planned for South Congress

The former St. Vincent de Paul thrift shop, which had been a fixture on South Congress Avenue for more than two decades, is about to take on new life as the space is renovated and a three-story building with shops and offices is built next to it.

The project, called Saint Vincent, is expected to break ground in the first quarter of 2017 along a section of South Congress that is seeing a burst of new development, with some businesses relocating or closing. …Read Entire Post

November surges with home sales

redhouseoutlineCentral Texas home sales soared nearly 16 percent in November over the same month last year, keeping the Austin area on track for a sixth straight year of record volume, according to the Austin Board of Realtors.

In its latest report, the board said 27,107 houses have been sold through the end of November, 3.7 percent more than during the same period in 2015. Once December’s sales are tallied, the board expects 2016’s sales to top last year’s 29,068 transactions, which marked the fifth year in a row of record sales in Central Texas. …Read Entire Post