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News – Austin

* This news feed is generated through NewsTalk Texas, provided by the Real Estate Center at Texas A&M University

​​​​​DALLAS – A mortgage resource website reports that a household in the Metroplex needs more than $59,500 in annual income to qualify for a median-priced house.​

That's roughly $4,100 more than the income needed at the national level.

The study, by HSH.com, is based on a median home price of $249,000 and a 20 percent down payment.​

​​​AUSTIN – The Austin Independent School District (AISD) board of trustees approved several land sales totaling nearly $53 million on Monday. 

AISD will sell:

  • the 128,000-sf Carruth Administration Center at 1111 W. Sixth St. to Schlosser Development Co. for $36.5 million;​

  • the Baker Center at 3908 Avenue B. to Alamo Drafthouse Cinema LLC for $10.6 million;

  • the former Millett Opera House at 110 E. Ninth St. to the Foundation for the Preservation of the Historic Millett Opera House for $3 million;

  • eight acres at the southeast corner of Tannehill Ln. and Jackie Robinson St. to the city for $1.96 million; and 

  • 1.2 acres at Doris and Hathaway Drives to the city for $920,000. 

The district will also spend $28.4 million on the Southfield Office Building, a nine-story tower at the northwest corner of I-35 and Ben White Blvd. Somera Road Inc. recently purchased the 142,000-sf building. 

​​​AUSTIN – The Austin Independent School District (AISD) board of trustees approved several land sales totaling nearly $53 million on Monday. 

AISD will sell:

  • the 128,000-sf Carruth Administration Center at 1111 W. Sixth St. to Schlosser Development Co. for $36.5 million;​

  • the Baker Center at 3908 Avenue B. to Alamo Drafthouse Cinema LLC for $10.6 million;

  • the former Millett Opera House at 110 E. Ninth St. to the Foundation for the Preservation of the Historic Millett Opera House for $3 million;

  • eight acres at the southeast corner of Tannehill Ln. and Jackie Robinson St. to the city for $1.96 million; and 

  • 1.2 acres at Doris and Hathaway Drives to the city for $920,000. 

The district will also spend $28.4 million on the Southfield Office Building, a nine-story tower at the northwest corner of I-35 and Ben White Blvd. Somera Road Inc. recently purchased the 142,000-sf building. 

​​​​​CONROE – Haltom City-based​ Falcon Steel America has acquired a 226,000-sf facility that will increase its production capacity​ by 60 percent.

The project at 3575 Pollok Dr. will start producing in the first half of December. It will take between 18 and 24 months to reach the full 40,000-ton capacity. 

Falcon Steel bought the facility for between $11 million and $12 million and has invested around $3.5 million for improvements. It will hire 150 workers to run the facility.​​​​