David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: Austin
Austin’s One Eleven Congress Sells for $208Mln
Austin Business Journal Canyon Creek Real Estate has paid $208 million, or $413.22/sf, for the 503,344-square-foot One Eleven Congress office building in downtown Austin, Texas. The Fort Worth, Fla., investor purchased the 30-story structure from Cousins Properties, an Atlanta REIT that ...
823 Congress Ave.
Brick Row has acquired the 181,000‑square‑foot office building at 823 Congress Ave. in downtown Austin, Texas. The local investor purchased the 16-story property from an affiliate of DRA Advisors of New York, which had bought it in 2022 in a venture with ...
Bridge Investment Lends $46.5Mln Against Leander, Texas, Apartments
The Real Deal Blackburn Communities has lined up a $46.5 million bridge loan for the River Junction Apartments, a 329-unit property in the Austin, Texas, suburb of Leander, Texas. Bridge Investment Group provided the floating-rate, interest-only loan, which was arranged ...
Rent Concessions in Austin, Texas, Tops in Nation; Take Toll on Cash Flows
Commercial Real Estate Direct Staff Report Owners of 36% of the apartment units in Austin, Texas, are offering concessions to lure tenants to their properties. And those conessions amounted to 15.5% of annualized unit rent in May, according to RealPage ...
Hines Pays $151Mln for Austin, Texas’ 405 Colorado Office Building
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 ...
Tesla Leases 682,000-SF Industrial Property in Austin, Texas
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 ...
$685.58Mln of Austin, Texas, Hotel Loans Could Encounter Refinancing Hurdles
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 ...
One Eleven Congress
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 Continues Subleasing Space at Austin Mixed-Use Tower That Backs SASB Deal
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 ...
Ashford Hospitality Sells Another Hotel, Pays Down CMBS Loan Further
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 ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
