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

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BH Properties Buys Former Golfsmith HQs

golfsmith_logoLos Angeles-based BH Properties has acquired the former Golfsmith International Holdings Inc. headquarters facility in Austin out of Golfsmith’s bankruptcy liquidation process for $20.5 million. …Read Entire Post

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Goodnight mixed-use development to add 3,500 homes, retail, parks

goodnightAU_logo

The first 107 of 3,500 homes completed as of June, much more to come in the following years.

Members of the Goodnight family and Benchmark Development have begun constructing the first lots of what will be 3,500 homes in the Goodnight mixed-use development on East Slaughter Lane in the Onion Creek area in May.

Goodnight, formerly known as Goodnight Ranch, is a 700-acre development with homes for sale in various price ranges, 225,600-square-feet of retail and business space and land for a future Austin ISD school. Construction of the development is expected to take 10-15 years.

…Read Entire Post

CapRidge Partners buys West Austin office park

CapRidge Partners purchases Lakewood on the Park office park

CapRidge Partners purchases Lakewood on the Park office park

Austin-based CapRidge Partners purchased Lakewood on the Park, Buildings B and C, from Equity Commonwealth. The office investment transaction was announced May 31 by Mesa West Capital LLC, a private debt fund manager and portfolio lender with offices in Los Angeles, New York and Chicago. CapRidge Partners recently purchased Lakewood on the Park at 7600 N. Capital of Texas Highway.

CapRidge Partners recently purchased Lakewood on the Park at 7600 N. Capital of Texas. Mesa West provided a $32,145,000 short term, non-recourse loan to CapRidge Partners toward the acquisition of the 180,558-square-foot office property at 7600 Capital of Texas Highway. …Read Entire Post

Accesso Partners Forms Joint Venture to Own and Operate Office Campus in Austin

Riata Corporate Park

Riata Corporate Park

Accesso Partners and Partners Group have formed a joint venture to own and operate Riata Corporate Park, an eight-building, 688,433-square-foot office campus in northwest Austin. West Point Partners, of New York City, advised Accesso in the transaction.

The joint venture gives Partners Group an ownership interest in the 51-acre office park adjacent to Apple’s new $300 million Austin campus. Riata’s major tenants include Accenture, Quality Systems, NetSuite and Xerox among others.

…Read Entire Post

CBRE Capital Markets Sells Arbor Square Office Asset in Austin

12885 Research Image courtesy of Xceligent

12885 Research
Image courtesy of Xceligent

CBRE Capital Markets’ Investment Properties division has sold Arbor Square, a 50,836-square-foot, multi-tenant office park in Austin. Los Angeles-based Entrada Partners purchased the asset from California-based AMC Investments for an undisclosed price. Arbor Square I & II consists of two storefront-style office buildings. Arbor Square is located at 12885 Research Blvd., adjacent to Lakeline Mall in the northwest Austin submarket. …Read Entire Post

California investor buys 70-acre Northwest Austin office park

Amber Oaks Corporate Center

Amber Oaks Corporate Center

Another blockbuster office deal has closed in Austin — this time the 10-building Amber Oaks Corporate Center in far Northwest Austin.

Menlo Equities, a California investor new to the market, purchased the office park near Lakeline Mall for an undisclosed price.

It’s the second major office deal unveiled this week. Florida investor Accesso Partners announced Nov. 30 that it had …Read Entire Post

Florida investor plunks down millions for huge Austin office asset

7700 W Parmer Ln Bldg A

7700 W Parmer Ln Bldg A

Florida-based real estate investor Accesso Partners LLC wasn’t done spreading its wings in Austin when it purchased the sizable Riata Corporate Park this summer for more than $100 million.

On Monday the company showed it’s even more focused on Austin by purchasing 7700 Parmer Lane. The price tag on that acquisition is likely closer to $200 million, based on tax valuations. …Read Entire Post

Phase II of corporate campus on Southwest Parkway in the works

Overwatch Campus- 5301 Southwest Pkwy

Overwatch Campus-5301 Southwest Pkwy

California-based Drawbridge Realty is developing a second phase for 5301 Southwest Parkway, a corporate office complex in Southwest Austin.

The second phase of a corporate office complex in Southwest Austin is in development, and an Austin-based architecture firm has been selected as the lead design firm.

Phase II of 5301 Southwest Parkway by developer Drawbridge Realty is designed to include a new 125,000 square-foot …Read Entire Post

Denver REIT ponies up $68.75 million for Southwest Austin business park

City View Business Park

City View Business Park

A Denver-based real estate investment trust is taking a larger stake in the Austin office investment market, plunking down $68.75 million for the City View portfolio at 1122 S. Capital of Texas Highway. …Read Entire Post

New year to bring a new office project to Southwest Austin

Construction is scheduled to start on a 250,000-square-foot office building in the San Clemente development at Capital of Texas Highway (Loop 360) and Westlake Drive.

Located in Southwest Austin, the HPI Real Estate Services & Investments project will be built for more than $70 million.

Austin-based Spiceworks has signed a lease for 96,000 square feet to anchor the five-story building.

The building Spiceworks will occupy will join six others in the San Clemente office-and-retail development, which is slated for eight …Read Entire Post