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Infinity Park on the way to Austin
Development & business

Infinity Park on the way to Austin

​​​AUSTIN – Rastegar Property Company LLC has broken ground on Infinity Park, a 600,000-sf industrial complex at 11708 McAngus Rd. The four-building project will be built in two phases. Phase one will inclu​de three buildings totaling 357,000 sf. Building two is already fully leased. The facilit

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Brookfield planning 780K-sf industrial park
Development & business

Brookfield planning 780K-sf industrial park

​​​​AUSTIN – Brookfield Properties is developing Park 290, a 780,000-sf industrial park ​at 11653 Decker Ln. The four LEED-certified buildings will have clear heights ranging from 28 to 36 ft and car and trailer parking. The project awaits final approval from city council.

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UT student housing complex under new ownership
Renting

UT student housing complex under new ownership

​​AUSTIN – Hankwood Ventures has purchased 900 West, a 52-unit student housing complex at 900 W. 23rd St. Built in 2003, the community has two- and three-bedroom floor plans ranging from 907 to 1,171 sf. Rents range from $1,300 to $3,200 per unit.​ iBurrow provided $11.2 million in acquisition f

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11224 Pickard Lane
Renting

11224 Pickard Lane

For Lease: 11224 Pickard Lane, Austin, TX 78748$2,900 per monthPROPERTY DESCRIPTIONBeautiful home with all side masonry in desirable South Austin. Low taxes. All rooms upstairs, laminated flooring throughout. Nice kitchen with huge walk-in pantry. Humongous primary bedroom, with spacious walk-in clo

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Increase in Housing Inventory, What Does it Mean?
Local stories

Increase in Housing Inventory, What Does it Mean?

Central Texas Housing inventory has skyrocketed recently, but what does this mean for you? The amount of homes for sale has increased significantly in Austin, Texas, and the surrounding areas. Join us as we review how this happened and what it means for you. Watch on youtube

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Stream developing six-story office building in Austin
Development & business

Stream developing six-story office building in Austin

​​​​​​AUSTIN – Stream Realty Partners has partnered with Barings on​​ the development of a six-story office building. Amenities will include a r​​ooftop patio,​​​ grou​nd-floor paseo with access to the Lance Arm​strong b​ikeway, private patios on each floor, and ground- floor café and m​arketplace

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TRS Texas sells 198K-sf HQ building
Local stories

TRS Texas sells 198K-sf HQ building

​​AUSTIN – The Teacher Retirement System of Texas (TRS) has sold its headquarters building. The 198,972-sf facility is on 3.8 acres at 1000 Red River St. TRS will continue occupying the ​building until its [new headquarters opens in 2024.​](https://www.recenter.tamu.edu/news/newstalk-texas/?Item

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Ascension Seton developing Georgetown healthcare facility
Development & business

Ascension Seton developing Georgetown healthcare facility

​​​​​​​GEORGETOWN – Ascension Seton has broken ground on a 60,000-sf healthcare facility within Wolf Lakes Village. The facility will include an outpatient surgery center, women's imaging, cardiovascular care, gastroenterology, orthopedics, dermatology, and reconstructive surgery.​​

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Work begins on Rise 510
Development & business

Work begins on Rise 510

​​​GEORGETOWN – Novak Brothers Development Group has started on Rise 510, a 301-unit multifamil​y project on 12 acres in the Wolf Lakes Village master- planned community. Amenities will include a pool, fitness center, hiking trails, and one-acre community park. Construction wraps in summer 2024.

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Aspen Heights to redevelop Health South office towers
Development & business

Aspen Heights to redevelop Health South office towers

​​​AUSTIN – The city has approved plans for Aspen Heights Partners to convert the former Health South office towers into a 37-story residential and commercial project. Of the 921 rental units, 232 wi​ll be designated as affordable. The plan also calls for 35,000 sf of commercial space and a childc

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Three-building Buda industrial park trades hands
Development & business

Three-building Buda industrial park trades hands

​​BUDA – Buda Midway Phase I, a three-building, 474,465-sf, Class AA industria​l park, has been sold. The project is on 35.3 acres at 1795 Fire Cracker Dr. It has two rear-load and one cross-dock building with 30- to 36-ft clear heights, 138 dock doors, 60 trailer parking spaces, and 678 parking s

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246K-sf residential tower in the works near UT
Development & business

246K-sf residential tower in the works near UT

​​​​​AUSTIN – Park7 Group is developing a 30-story​ tower at 2200 San Antonio St.​ near the University of Texas. The 246,000-sf building will ​have 216 multifamily units. Rhodes Partners is the design firm. Construction begins in early 2024 and wraps in May 2025. [![texaslogo.png](https://asse

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The Related Cos. acquires six acres in South Austin
Development & business

The Related Cos. acquires six acres in South Austin

​​​​​​AUSTIN – The Related Cos. LP has purchased six acres at 500 S. Congress ​Ave. for $65 million. The site has apartments, two commercial buildings, and over 70,000 sf of office space. World Class Holdings was the seller.

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What Could My Home Sell for in Today's Market in Austin?
Market, financing & tax

What Could My Home Sell for in Today's Market in Austin?

While the Central Texas housing market is normalizing, you may be interested in what your home could sell for in today’s market. Learn how we create property value estimates based on real data and common pitfalls to avoid. Watch on youtube

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175-unit condo complex in the works
Development & business

175-unit condo complex in the works

​AUSTIN – Pearlstone Partners LLC is developing Montage, a 175-condo complex at 2323 S. Lamar St. There will be one- and two-bedroom options ranging from 1,400 to 1,900 sf. Prices range from $499,000 to $999,000. Completion is slated for fourth quarter 2024. [![texaslogo.png](https://assets.rece

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192-unit Aubry Hills multifamily sold
Renting

192-unit Aubry Hills multifamily sold

​​​AUSTIN – Aubry Hills, a 192-unit multifamily complex at 8926 N. Lamar Blvd., has been sold. The community has studio and one-, two-, and three-bedroom floor plans ranging in size from 480 to 1,120 sf. Amenities include a pool, outdoor grilling and dining areas, sports courts, clubhouse, and pla

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Southwestern University planning $100 million expansion
Moving & neighborhoods

Southwestern University planning $100 million expansion

​​GEORGETOWN – Southwestern University is moving forward with a $100 million expansion program. New facilities will include residence halls, a baseball and softball​ stadium, football stadium, and amphitheater. Southwestern will also b​e renovating Mood-Bridwell Hall, which houses the Brown Coll

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GID picks up 62K-sf warehouse near Austin airport
Local stories

GID picks up 62K-sf warehouse near Austin airport

​​AUSTIN – GID has purchased a 62,496-sf warehouse at 4201 Supply Court near the Austin-Bergstrom International Airport. The facility has 28-ft clear heights, ten dock-high doors, two drive-in doors, and three suites av​eraging 20,000 sf.

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Stonefield 35 industrial project in the works
Development & business

Stonefield 35 industrial project in the works

​​​​​BUDA – Mississippi-based EastGroup Properties has broken ground on Stonefield 35, a 275,559-sf industrial project. The three-b​uilding project will have 28-ft clear heights, 180-ft truck court depths, and ESFR sprinkler ​systems. Pross Design Group is the architect. RC Page Construction is

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Construction starting soon on 80 Rainey
Development & business

Construction starting soon on 80 Rainey

​​​​​​​AUSTIN – LV Collective will start work soon on [80 Rainey](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=26708), a 49-story, 550-ft-tall residential tower at 80 Rainey St. The 644-unit project will have studios to three-bedroom floor plans. At least 20 units will be designated as af

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Work starts on Cedar Park industrial project
Development & business

Work starts on Cedar Park industrial project

CEDAR PARK – TIG Real Estate Services Inc. is developing Scottsdale Crossing Buildings E & F. The two-building, 45,000-sf project will have two riser rooms, eight hollow metal doors, and five storefront​s with six glass doors. Cadence​ McShane is the general contractor. Sudio8 Architects desi

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Avilla Rio Oaks on the way
Market, financing & tax

Avilla Rio Oaks on the way

​​​​LIBERTY HILL – NexMetro has purchased 25 acres near CR 263 and Seward Junction Loop. in for a 260-home rental neighborhood. Avilla Rio Oaks will have single-level one-, two-, and three-bedroom homes ranging from 700 to 1,265 sf. DTJ Design Group is the architect. Bryan Haggard Land Group broke

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Cedar Park mixed-use project coming to fruition
Development & business

Cedar Park mixed-use project coming to fruition

​CEDAR PARK – Fruition Developments is developing The Shoppes at Bell Boulevard, a 34,200-sf mixe​d-use development at 1804 N. Bell Blvd. The $15 million project will have retail, office, and restaurant space. Construction begins in spring 2023 and wraps in 2024.​

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GenCap bringing 586 apartment units to Manor Crossing
Renting

GenCap bringing 586 apartment units to Manor Crossing

​​MANOR – GenCap Partners has purchased 26 acres in [Manor Crossing](https://www.recenter.tamu.edu/news/newstalk-texas?Item=27678) for a multifamily project called The Park at Manor Crossing. The 586-unit community will be built in two phases. Construction begins on phase one in fourth quarter 202

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