Central Texas housing market is on the right way to recovery as sales of existing homes were up 11% in December compared to a year prior, and the region closed 2011 sales numbers up 7% over 2010, as the latest statistics show. Last year’s 19,220 sales marked the first annual increase in sales since 2006. [...]
AIC Ventures, an Austin-based company has purchase office and industrial space from Halifax Media Holdings. The investment firm purchased 104,000 square-feet in Sarasota, and 101,000 square-feet in Spartanburg in a sale-leaseback transaction, according to a press release published by the company. Luis F. Medina, managing director of acquisition at AIC commented the purchase by saying [...]
With Christmas so close here is short list of what has happened n the Austin real estate market since last week: – according to the Austin Business Journal, U.S. Nail & Spa renewed its 1,020 square foot lease at the Shops at Avery Ranch, Phase I located at 10510 W. Parmer Lane. The landlord was [...]
Research Pointe Apartments located in Northwest Austin now belongs to Barton Creek Capital, Firmus Equity Partners and two other real estate companies, as they joined financial forces to purchase the apartment complex. The property was under a Californian family ownership, which recently sold the real estate to entities based in Dallas and California. Firmus and [...]
A new 21-building, 476-unit affordable housing project will open its doors soon in Austin. The $35 million project located at 8602 North Lamar Blvd. is developed by the Mulholland Group LLC, and financed in part by the largest tax credit awarded by the American Recovery and Investment Act in Texas for 2010 the Austin Business [...]
Austin metro area home prices recorded a 2.3% drop in the past year, but a 0.3% rise is expected by the summer of next year, the Fiserv Inc.’s Case Shiller Home Price Index reported. The report underscores Austin home prices are on their way to recovery, as a 0.6% rise is projected between the second [...]
Waterton Residential is now the owner of Fox Hill Apartments located in Southwest Austin. The apartment complex consists of 13 buildings, and counts a total of 288 Class A units, located at 8800 US Highway 290. Waterton purchased the apartment complex from Magill Development, closing the deal on Oct. 28, using its Waterton Residential Property [...]
The new owner of the La Zona building, as well as buildings housing Spaghetti Warehouse and Katz’s Deli is World Class Group, led by President and CEO Nate Paul. The company specializes in acquiring undervalued real estate assets. The Travis Central Appraisal District values the property at $2.2 million. According to public information, 15,200 square-feet [...]
September brought a little bit of sunshine in Austin’s housing market, as more than 1,600 single-family homes closed during the month. This means a significant 31% increase over the same time a year ago, the Austin Board of Realtors reported. Overall, the total dollar volume of homes sold in last last month was up 33% [...]
Home prices in the Austin area increased by 1.6% in August compared to the same period a year ago, the recent report released by CoreLogic Home Price Index states. This figure includes distressed properties as well as non-distressed homes. If we exclude distressed assets, the increase changes to 1.8% on a year-over-year basis. The jump [...]
