Hines Global Income Trust Inc. has paid $151 million, or $733.71/sf, for the 205,803-square-foot 405 Colorado office building in Austin, Texas. The Houston REIT, whose shares do not trade on any exchange, bought the 25-story building, which includes a 520-space ...
The Real Deal Tesla has signed a lease for 682,000 square feet of industrial space at 11801 Decker Lake Road in Austin, Texas. The electric vehicle manufacturer will move into the building upon its completion in January. The building is ...
A significant slug of securitized mortgages backed by hotels in the Austin, Texas, metropolitan statistical area could face refinancing challenges, as 39 loans with a total balance of $685.58 million have debt yields less than 9%, according to data compiled ...
Cousins Properties Inc. is selling One Eleven Congress, a 503,344-square-foot office building in downtown Austin, Texas. The Atlanta REIT said the sale is expected to close in the third quarter. The pending buyer and sales price were not disclosed. The ...
Meta Platforms Inc. continues making strides to offload the 589,112 square feet of space it leases at the Sixth and Guadalupe mixed-use tower in Austin, Texas. The parent company of social media platforms Facebook and Instagram recently inked The Malin, a ...
Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc. has sold the 254-room Hilton Garden Inn Austin Downtown hotel for $26.85 million, or $105,709/room. The Dallas REIT sold the 41-year-old property, at 500 North Interstate 35, to JMIR Acquisitions ...
Austin Business Journal A venture of Sagard Real Estate and La Caisse has acquired an industrial outdoor storage facility in Austin, Texas, for an undisclosed price. Sagard, of Denver, and La Caisse, a Quebec pension fund, purchased the property from ...
Commercial Real Estate Direct Staff Report Manchester Financial Group, which owns the 1,048-room Fairmont Austin hotel in Austin, Texas, tapped a reserve fund to pay some of the property's taxes. It evidently did that without consent of its CMBS lender, ...
Austin Business Journal KBS is offering for sale 515 Congress, a 267,956 square foot office building in Austin, Texas. The Newport Beach, Calif., company has tapped JLL to market the 26-story building, at the southeast corner of Sixth Street and ...
TYKO Capital has provided $870 million of financing for the construction of the Four Seasons Private Residences Lake Austin. The project is being developed by a venture of Austin Capital Partners and Lincoln Property Co. on nearly a mile of ...
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