Prime retail center near Westlake sells to giant conglomerate
Feb02

Prime retail center near Westlake sells to giant conglomerate

Article provided by: The Austin Business Journal Global Retail Investors LLC has purchased West Woods Shopping Center, 3201 Bee Cave Road, for an undisclosed price. The property is in the Westlake neighborhood and includes tenants such as SteinMart, Petco, CVS Pharmacy and Michaels. It was 98 percent occupied at the time of closing. CRAIG WASHBURN Global Retail Investors is a partnership of First Washington Realty Inc. and CalPERS,...

Read More
Bee Cave plans to add 400-acre development
Jan28

Bee Cave plans to add 400-acre development

Article provided by: Community Impact Newspaper The city of Bee Cave plans to add nearly 400 acres into its extraterritorial jurisdiction, or ETJ, including a proposed mixed-use project, Sweetwater East, on the south side of Hwy. 71 adjacent to the Lake Travis ISD bus depot. A city’s ETJ lies outside of city boundaries and does not receive city services but is able to be annexed into city borders under certain conditions. Bee...

Read More
Austin sets another real estate record for July
Aug24

Austin sets another real estate record for July

More single family homes were sold in Austin for the month of July compared to July 2014. This year's home sales beat 2014 by 12 percent, which means there were more single family homes sold in Austin in July 2015 than ever before. AUSTIN — "It's wildly hot." That's what Allison Olson said when asked how she would describe the Austin housing market.        ...

Read More
Millennial Homebuyers Put Austin In The Top Ten Best U.S. Cities to Buy
Aug08

Millennial Homebuyers Put Austin In The Top Ten Best U.S. Cities to Buy

According to the National Association of Realtors, first-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas – particularly in the Midwest and West – are well positioned to see increases in home-buying from the Millennial generation in upcoming years.   NAR analyzed current housing conditions, job creation and population trends in metropolitan...

Read More
Austin becoming hotel hotbed to accommodate high demand
Feb05

Austin becoming hotel hotbed to accommodate high demand

by Joe Lanane Analyst: Rising occupancy drives up room rates The largest hotel in Austin history is nearly ready to open, marking the first of multiple large-scale hospitality projects expected to debut in 2015 and beyond. The first guests at the JW Marriott Austin, a 1,012-room hotel along downtown Congress Avenue, arrive Feb. 13. The nearly complete project is among eight downtown-area hotels under construction, and numerous...

Read More

ICYMI: Mapped: Where Austin’s rents are skyrocketing the fastest

Michael Theis Digital Editor-Austin Business Journal   Homes and apartments just north of Circle C Ranch in Southwest Austin have seen the greatest percentage increase in rent in the entire Austin area since 2010, according to data from the U.S. Census Bureau. Median gross rents in that Census tract grew $843 — from $761 to $1,604 — between 2010 and 2012, an increase of 110 percent. It shared many characteristics of...

Read More