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"Multifamily"
Upside: increased demand stimulates inreasing values.
Downside: imho we have significant demand that, in Texas and some other regions, is directly related to the economic stimulation created by the ramped up oil and gas trade.
AUSTIN (Marcus & Millichap) – The 172-unit Villas of Quail Creek has been purchased by a fund manager represented by Marcus & Millichap Real Estate Investment Services.
Built in 1983 and located at 9036 North Lamar Blvd. in north Austin, Villas of Quail Creek consists of 14 one- and two-story buildings on 15.1 acres.
The […]
Continue Reading →The Ranch House is underway in sw Austin at the southwest corner of Slaughter and Brodie Lanes, adjacent to the Bethany Lutheran Church. The class A complex will have 272 luxury units. Undoubtably this is going to put pressure on the traffic patterns in this area. Thankfully they are continuing the sidewalk on […]
Continue Reading →There are another couple apartment complexes to be built in the east Riverside area. These will add another 780 apartment units to the mix next year. The rental market is robust and lending is loosening up for developers.
Excerpt from the Statesman:
Austin-based Cypress Real Estate Advisors plans to start construction later […]
Continue Reading →AUSTIN (Austin Business Journal) – White Lodging Corp. has teamed up with Hyatt Hotels Corp. to develop a 14-story, 296-room Hyatt Place in downtown. Construction is anticipated to take about two years once the project breaks ground next quarter.
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Austin Texas 2014
Austin Texas 2014
The growth in central Texas continues at a fast pace. The 2013 stats are in and year over year sales price and volume are both up, while days on the market are down. Another year of overall improvement for sellers in this region.
The usual seasonal adjustment […]
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