Contact & Follow Us!
    Fax Key Title Group-Austin Office
  • (512) 518-5390
  • facebook icon
  • linkedin icon

News – Austin

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

​​​Image of the Kroger store front as the sun sets behind it.CYPRESS – Tarantino Properties has purchased Cypress Pointe, a 173,344-sf, Kroger-anchored shopping center at 360 Cypress Creek Pkwy. 

The property was 99 percent leased at the time of sale. 

JLL represented the seller, Houston-based Weingarten Realty Investors, and procured​ an acquisition loan through Morgan Stanley. 

Texas logoThe Real Estate Center has more DFW retail news like this online:

​​​​Rendering of Presbyterian Village North's new building DALLAS – Presbyterian Village North, a 66-acre senior living community, is getting a major expansion and renovation.

Plans include a new building with 112 one- and two-bedroom apartments. The facility will have a lounge with a community living space and kitchen for entertaining and underground parking that connects to the main building.

The last major expansion was in 2016 and cost $93 million. 

Construction will​ begin in spring 2020. 

TexasThe Real Estate Center has more Dalla​​s​-ar​ea senior living news.​

Source: Dallas Morning News​

​​​​​Birds eye view of the Inwood CenterDALLAS – Hines has purchased The Inwood Center, a 740,000-sf retail and industrial campus on the Trinity River.

The 14 buildings are on 38 acres at Inwood Rd. and Conveyor Ln. The land is zoned for high-density development with buildings 20 stories and taller allowed.

Constructed in the 1960s and 1970s, the center was previously owned by Vantage Cos.

Buildings​ are 90 percent leased to tenants including Crate & Barrel, Gulfstream Aerospace, Community Coffee, and Bearing Distributors.

JLL brokered the transaction.

Texas logoThe Real Estate Center has more Dallas-area office news online:

Rendering of Austin Energy's new 275K-sf headquartersAUSTIN – Austin Energy is building a new $150 million headquarters on 3.3 acres at 4815 Mueller Blvd.

The four-story, 275,000-sf building will house 900 to 1000 employees.

It will have a series of 400-kilowatt photovoltaic solar panels.

Construction will wrap up in early 2021.

Texas logoThe Real Estate Center has more office news for Austin-Round Rock:

​​​Rodeway Inn motel at 2711 S. I-35 to be transformed into homeless shelterAUSTIN – The city council has approved plans to transform the Rodeway Inn motel at 2711 S. I-35 into a homeless shelter.

The city will spend $8 million to acquire and renovate the building. Austin's Ending Community Homelessness Coalition (ECHO) will then lease the motel and fund the cost of operating the shelter.

Offering shelter for 80 people, the shelter will have service providers like psychiatrists and substance abuse counselors.

ECHO hopes to turn the motel into permanent supportive housing.

texaslogo.pngThe Real Estate Center has more information on housing:​