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

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uShip to build new HQ in South Austin

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New headquarters coming to Austin.

The 13-year-old tech company, which last year reported helping cargo transporters big and small generate over $150 million in sales through its online marketplace, is constructing a three-story, 45,000-square-feet campus at 205 E. Riverside Drive.

Most of the new jobs to come online will be software developers and sales professionals, executives said. The company will stay put at two downtown sites — one on Brazos Street and one on Congress Avenue — until at least the end of the year. …Read Entire Post

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Huge project on the horizon south of Austin

Pecan Woods Location MapWalton Development and Management moved a step closer recently to starting work on a major mixed-use community in Hays County as part of its vast plans for Central Texas. The 763-acre Pecan Woods project passed a key hurdle Aug. 17 when Kyle City Council approved a development agreement to create a public improvement district, Community Impact reports. …Read Entire Post

Office space to replace old Austin movie theater near mall

Walsh-Tarleton-Overlook-Austin-Texas_renderingA new office project is scheduled to break ground in a few days west of Barton Creek Square mall.

Walsh Tarlton Overlook, designed by Austin-based Sixthriver Architects, will yield 55,000 square feet of class A office space in a desirable area where vacancies have been scarce. The Texas Department of Licensing and Regulation indicates that the project is valued at $9.5 million. …Read Entire Post

New Domain phase stocks up on culinary options

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24 Diner to take 6,000 square feet in The Domain.

24 Diner’s second location will be in the Rock Rose section of The Domain, beefing up the tenants Endeavor Real Estate Group LLC has signed for its portion of the massive mixed-use development that has become one of North Austin’s primary retail hubs.

ELM Restaurant Group said Wednesday it hopes to open the 24-hour eatery in 2017 in 6,000 square feet at 3100 Esperanza Crossing, Suite 100. …Read Entire Post

Macy's to close 100 stores

Macy's closing three locations in Austin.

Macy’s closing three locations in Austin.

Struggling Cincinnati-based department store giant Macy’s Inc. announced Thursday it’s closing 100 stores in an effort to overhaul its retail strategy.

Macy’s (NYSE: M) will close a majority of those stores in early 2017, according to a news release. The locations of store closures will be announced at a later date, the company said. The company operates three stores in Austin: at Barton Creek Square southwest of downtown, at the Domain and at Lakeline Mall near Cedar Park. …Read Entire Post

County sets stage for major E. Austin mixed-use development

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Plans for Wildhorse Ranch mixed use project.

A massive and long-delayed master-planned community east of Austin is showing signs of life. Travis County commissioners on Tuesday approved the boundaries for a public improvement, which would bring residential and commercial development to 1,450 acres near Walter E. Long Metropolitan Park. …Read Entire Post

With Goldman Sachs on board, downtown high-rise set to break ground

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Austin Proper is soon to break ground on former water treatment facility.

The 33-story Austin Proper Hotel & Residences is expected to break ground in the next few weeks after Goldman Sachs & Co. brought its hefty Wall Street weight to the table in support of the project on the site of the former Green Water Treatment Plant.

The Kor Group is close to moving dirt, the Austin American-Statesman reports. The merchant banking division of Goldman Sachs is now a capital partner, according to an Aug. 2 announcement. The Austin Proper Hotel & Residences are planned to rise 32 stories on the site of the former Green Water Treatment Plant. …Read Entire Post

REOC Austin Facilitates Sale of Buda Property

REOC Austin Logo Outlines No CapitolPerry Horton, CCIM of Lead Commercial and Josh Hubka, CCIM of REOC Austin represented Cotton Development 2, L.P. in the sale of 43.686 acres in Buda to Back 40 Developers, LLC.  Jeremy Cummings of Structure Commercial represented the Buyer.

Schwab starting $86 million project in North Austin

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Project is set to break ground by the end of the year.

Charles Schwab Corp. is poised to break ground on two buildings totaling roughly $86 million in new construction. Schwab purchased the property in August 2014, including the 187,000-sf Tivoli Building, which it recently spent about $14.5 million renovating. That building now houses between 800 and 900 technology personnel.  …Read Entire Post

Oracle's Southeast Austin campus begins development, site work

Oracle breaks ground on it's enormous project.

Oracle breaks ground on it’s enormous project.

Oracle Corp. has started site work at its new Southeast Austin campus, the next step in a project that will transform a once-neglected section of the city that has experienced rapid gentrification in recent years.

The 25-acre site is near Lakeshore Boulevard and Pleasant Valley Road in the East Riverside Drive corridor. The parcel has been cordoned off by chainlink fencing and green tarps. The Northern California software giant declined to comment on the project. …Read Entire Post