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

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Austin office tower sold to New York firm for $63 million

Brickman, New York firm, which purchased Lavaca Plaza in 2012 and turned it around in rapid fashion, has re-entered the Austin market with the purchase of this downtown tower known for its reasonable office lease rates in a town where prices are skyrocketing.

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Prescott Group Plans Redevelopment of Office Building in Austin

Prescott Group Inc., along with an institutional investor, has acquired an office building at 316 W. 12th St. in Austin and plans an $11 million redevelopment of the property. The building is located on one acre and is within walking distance of the State Capitol, The University of Texas, Dell Medical School and Austin’s Downtown […]

GE Aviation picks Austin for tech hub

GE Aviation plans to open what the company calls a “digital collaboration center” in downtown Austin next week. The company, a division of Boston-based General Electric Co., is establishing the center above a technology company on 15th Street it acquired in 2012, officials said Friday.

Downtown novelty: $6M sky bridge to connect hotel, Austin Convention Center

Rendering of the planned Austin sky bridge.

A 33-foot, $6 million aerial walkway surrounded by foliage will connect the forthcoming Fairmont Austin hotel and the Austin Convention Center as part of a partnership between the hotel and a nature conservancy. Work recently began on the walkway and completion is estimated in May 2017.

The unique sky bridge […]

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

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 […]

One of Houston's fastest-growing businesses is taking its savvy design offerings to Austin

New Houston company to expand on Congress Ave.

Houston-based Abel Design Group will open an office in the Texas capital this fall, an Abel Design spokesperson told the Houston Business Journal. The Houston office will remain open.

This is Abel Design’s first expansion outside Houston. The architecture firm hopes to launch the Austin office with between […]

Revamp Of 111 Congress Likely To Attract Tenant

111 Congress building.

The 30-story tower’s exterior at 111 Congress features a stair-stepped pyramid design with a red granite facade, perhaps one of the most distinctive structures on the skyline. The building has one more floor available of up to 23,142 square feet within its 518,385 square feet of total space.

The revitalized plaza space offered […]

H-E-B buys Twin Oaks Shopping Center on Congress

HEB recently purchased the Twin Oaks Shopping Center on South Congress.

In a South Austin real estate deal, grocery chain H-E-B has purchased the Twin Oaks Shopping Center, a decades-old, ten-acre property at South Congress Ave. and Oltorf St. H-E-B closed on the purchase of the Twin Oaks center at 2315 S. Congress Ave.

H-E-B’s current store […]

Going once, going twice, sold! Downtown Austin office building sells

900 Congress, a downtown office building and parking garage, has been acquired by Cielo Property Group.The 64,000-sf office building is at West Ninth St. and Congress Ave.

The building is five stories tall and is currently occupied by a number of tenants, including Prosperity Bank and the Sneed Vine & Perry and Wright & Greenhill law firms. The nine-story parking […]

One of Austin's largest office towers sold in blockbuster deal

301 CongressImage courtesy of Xceligent

One of downtown Austin’s largest office towers has quietly been sold.Prudential Real Estate Investors, affiliated with Prudential Financial Inc., purchased 301 Congress Ave. from an entity managed by Commonwealth Partners — NOP 301 Congress LP — in late December, documents show.

Some real estate brokers with no firsthand knowledge of […]