REOC Austin
 
Commercial Real Estate Since 1975

Moderator

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

Got a Commercial Real Estate Need or Question?


Ask One of Our Trusted Advisors

Austin real estate investment firm buys 3M campus

3m-logo3M Co. has agreed to sell its 156-acre Northwest Austin campus and shift operations to a major office park rising on the northeast side of the city.

The new building to be home to 3M will be in the Parmer business park, near Parmer Lane, Howard Lane and Harris Ridge Boulevard. The development, east of I-35 and the Shops at Tech Ridge, is being built by Trammell Crow Co. and Los Angeles-based Karlin Real Estate. …Read Entire Post

FacebookTwitterGoogle+Share

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

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

Adler Kawa Acquires Kramer 1-5 at Braker Center

Miami, FL-based real estate investment firm Adler Kawa Real Estate Advisors (AKREA) secured its first investment in Austin with the company’s acquisition of Kramer 1-5 at Braker Center (Kramer), a portfolio comprised of five single-story light industrial buildings that total 296,781 square feet on Kramer Ln.

Built in 1999 less than one mile from The Domain and the University of Texas-JJ Pickle Center, the Kramer business park buildings range in size from 50,012 square feet to 68,400 square feet and incorporate 21-foot clear heights and efficient floor plates. …Read Entire Post

M&M Arranges Sale of Shopping Center in Austin

Marcus & Millichap has arranged the sale of Oak Hill Centre, a 43,261-square-foot retail center in Austin. Michael Buckner and Richard Mireles of Marcus & Millichap represented the seller, a Texas-based limited partnership, and procured the buyer, another Texas-based limited partnership. Built in 1984, Oak Hill Centre is located at the intersection of William Cannon Drive and Highway 290. At the time of the sale, the property was 96.5 percent occupied.

Orinally post on REBusiness Online: M&M Arranges Sale of Shopping Center in Austin 10-21-2016

 

Stratus sells HEB-anchored retail center in $114M deal

Larger HEB planned for Marble Falls.

Stratus Properties Inc. has inked a blockbuster deal to sell its new HEB Grocery Co.-anchored retail development in Lakeway for $114 million. The buyer of the Oaks at Lakeway is TA Realty LLC, a private real estate investment company headquartered in Boston with offices on the West Coast.

HEB Grocery Co. is the anchor tenant at the Oaks at Lakeway, which has been developed and delivered by Austin’s Stratus Properties during the past couple of years. The price point is an eye-opener for a neighborhood shopping center, but there are some conditions that must be met. …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.

Indeed to move downtown Austin sales office to larger location as it grows workforce

Indeed purchases new office location to house it's growing workforce.

Indeed purchases new office location to house it’s growing workforce.

Indeed Inc., an online job-listing service, is relocating its downtown sales office to a space capable of accommodating more than 275 workers. Indeed, which was founded in 2004, aggregates job listings from thousands of other online job posts. It employs 3,000 workers, including 800 in Austin. …Read Entire Post

Baylor Scott & White buys Lakeway Regional Medical Center

lrmc logo

Baylor Scott & White purchases Lakeway Regional Medical Center.

Baylor Scott & White Health has purchased the operations of Lakeway Regional Medical Center, a hospital west of Austin that has at times experienced financial difficulties in the four years since it was founded, for an undisclosed price.

The facility will be renamed Baylor Scott & White Medical Center-Lakeway and the transition will be complete by the end of the summer, according to a July 6 announcement. Philippe Bochaton, CEO of Lakeway Regional Medical Center, will remain as CEO of Baylor Scott & White Medical Center-Lakeway. …Read Entire Post

$271M sale of city's largest shopping center close

Southpark Meadows deal finally closes.

A large portion of Southpark Meadows shopping center, the biggest development of its kind in the Austin area, has changed hands. Mega-investor The Blackstone Group purchased Phases I and II of the South Austin regional shopping center — about 910,000 square feet — from Canada-based RioCan real estate investment trust.

The deal — part of a $1.9 billion, 50-property portfolio sale — recently closed after being announced last year. …Read Entire Post