Searsucker will open its third U.S. restaurant in downtown Austin in the former Maria Maria space at 5th & Colorado St. The 7,500 square-foot restaurant is scheduled to open in May.
Searsucker was represented by Restaurant Real Estate Specialists Currin J. Van Eman – Vice President NAI Austin and Hannah Douglas. The Landlord, DOROT, LP, was self-represented. …Read Entire Post
Site Selection awards the Governor’s Cup each year to the governor of the state with the highest number of qualified capital investment projects the previous calendar year. Texas is back in a big way with a commanding first-place finish in the 2012.
“This is a confirmation of the men and women of the Texas legislature understanding that if we will continue with the predictability and stability of tax and regulation and legal policy that allows entrepreneurs to keep more of what they earn, then we will become the job creation magnet in America,” Gov. Rick Perry told Site Selection on February 21st. “That is what has happened.” …Read Entire Post
Los Angeles-based Karlin Real Estate, one of the most active real estate investors in Austin, recently purchased Plaza 35, a two-building office flex project spanning 186,000 square feet located at 12234 N. I-35.
At the time of the sale, the Class B property was reportedly 100 percent occupied by Yodle Inc., VirTex Assembly Services and Logisticare Solutions LLC. …Read Entire Post
World Class Capital Group, LLC, an Austin-based private investment and asset management firm, recently announced that it acquired Galleria Oaks, a 100,000 square foot retail center located at 13376 Research Blvd. (US 183) in Northwest Austin just south of Lakeline Mall. …Read Entire Post
AMD Lone Star Campus
Advanced Micro Devices Inc. (AMD) has found a buyer for its Southwest Austin facilities, which is called the Lone Star Campus. The buyer is Spear Street Capital — a real estate investment company with offices in New York and San Francisco — will purchase the property at 7171 Southwest Parkway. …Read Entire Post
Texas metropolitan statistical areas, micropolitan statistical areas and counties — including Austin and Travis County — were among the fastest-growing last year, the U.S. Census Bureau said recently.
Between July 2011 and July 2012, Travis County experienced the seventh-largest increase in raw numbers of U.S. counties, adding 34,381 residents over the year. …Read Entire Post
Austin is one of the best markets in the U.S. for finding an affordable home, according to ZipRealty Inc., a high-tech residential brokerage company. Austin took the seventh position of a top 10 list for finding a housing bargain. …Read Entire Post
West End Center
The West End Center (50,100 sf), located at 1214 W. Sixth St., has been renamed West Side Village by new owner AWSV LP. The mixed-use property, anchored by Julian Gold is expanding its space by 5,000 square feet to total roughly 15,000 square feet. …Read Entire Post
California-based LegalZoom Inc., an online legal document service, recently purchased 9900 Spectrum Drive – a 206,000 square foot office and manufacturing building located in the Davis Springs Spectrum Business Park in Far Northwest Austin. The property reportedly sold by White Stone Properties Ltd. for $21 million. …Read Entire Post
National Instruments, a pioneering technology company in Austin, plans to invest $80 million and add 1,000 technical and engineering jobs locally over the next 10 years to serve its steadily expanding business. The project was announced by the Texas governor’s office, which said the company will receive $4.4 million in incentives from the state-run Texas Enterprise Fund to close the deal.
If City and County incentive agreements are approved, the company could start …Read Entire Post