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

Retail Center sold in Northwest Austin

The Grove at Lakeline, a 16,253-square-foot retail property in Austin was purchased by a limited liability firm for an undisclosed price. Located at the northwest corner of State Highway 183 and Ranch Road 620; the center houses tenants such as Mattress Firm, T-Mobile and Orangetheory Fitness.

Click here to read the original article: Retail Center sold in Northwest Austin REBusiness 9-11-2017

FacebookTwitterGoogle+Share

42,000 SF Medical Office coming to Austin Metro

Perardi Development will build Medical Towers at Bee Cave II, a 42,000-square-foot medical office property located at the corner of RM 620 and State Highway 71 in the Austin metro of Bee Cave. Scheduled to break ground later this month, the project follows the completion and pre-leasing of the 23,000-square-foot Medical Towers at Bee Cave. This second phase of the project could be completed as early as mid-December 2018.

Click here to read the original article: 42,000 SF Medical Office coming to Austin Metro REBusiness Online 9-7-2017

Boston investor acquires one of Austin's newest skyscrapers

 

Austin downtown skyline.

Austin downtown skyline.

The downtown Austin office tower dubbed “5th+Colorado” has sold for a stunning $663 per square foot — a total of nearly $119 million, according to Real Capital Analytics. The buyer was Intercontinental Real Estate, a Boston-based company that owns other office assets in Austin.

The seller was a joint venture of Goldman Sachs and Lincoln Property Co., an avid developer and commercial real estate brokerage in Austin. Michael McDonald of Eastdil Secured handled the deal. …Read Entire Post

UT regents ink first real estate deal with Merck at Dell Medical School

merck-coThe first steps in a real estate presence at the Dell Medical School at the University of Texas will be taken during a board of regents meeting.

Consent agenda item No. 35 on the University of Texas System regents’ docket authorizes a lease to Merck Sharp & Dohme Corp. at the UT Austin Health Discovery building at 1701 Trinity St. …Read Entire Post

The Parke finds a buyer

TheParkeThe Parke was recently sold to InvenTrust Properties Corp. for $112 million. The 404,000-square-foot center is anchored by the only Texas location of 365 by Whole Foods Market, the smaller, tech-centric concept from Austin-based Whole Foods Market Inc. …Read Entire Post

Google gobbles up more space in new downtown Austin high-rise

Google leasing an additional 100,000 sqft.

Google leasing an additional 100,000 sqft.

Google is growing its downtown Austin footprint, even before its first employees set foot in the company’s new space in the sleek new office tower called 500 West 2nd.

Google’s new space will consolidate employees from other locations, including North Mopac Boulevard (Loop 1) and University Park just north of downtown. In 2015, Google confirmed that it had signed a lease for more than 200,000 square feet of space in 500 West 2nd. …Read Entire Post

Central Health plans to expand

Central Health plans to expand health services into Eastern Travis County, expanding access to care to areas with few resources. The Del Valle area, Northeast Travis County, Manor Road and Community First! Village may soon have access to more health care services and clinics. …Read Entire Post

Whole Foods may be Expanding HQ

wholefoods_logoWhole Foods Market Inc. appears to be taking steps to expand its downtown Austin corporate headquarters to a development under construction across the street.

Whole Foods would occupy a second building that could be built at 835 W. Sixth St., where Schlosser Development Co. is building the Shoal Creek Walk office tower. …Read Entire Post

Austin's skyline to reach new heights

Austin skyline will feature a new skyscraper.

Austin skyline will feature a new skyscraper.

A skyscraper proposed for 600 Guadalupe St. in downtown Austin is planned to soar more than 60 stories high — perhaps up to 75 — it would be by far the tallest building in the city.

…Read Entire Post

Brew pub inks lease in downtown Austin garage

Austin City Council approved Thursday a 60-month lease with Easy Holly LLC for 3,580 square feet of at 417 Red River Street, inside the city-owned garage that is catty-corner to the convention center. Austin City Council has approved a 60-month lease with a brew pub for space inside the Austin Convention Center parking garage. …Read Entire Post