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:Continue Reading →
Apartment occupancy rates and rental rates are up throughout Texas markets, according to ALN Apartment Data. Not surprisingly, with the growing shift from home ownership to rental, rent is going up. Credit constrictions making it more difficult for potential home buyers to get financing are pushing more and more people into the rental market. It […]Continue Reading →
AUSTIN (GlobeSt) – Austin is one of the few markets encouraging developers to seek out land and break ground on new projects, especially in the multifamily sector, according to one local multifamily market expert.“The apartment absorption in Austin has been tremendous,” said Andrew Shih, a director with Apartment Realty Advisor’s local office. “Occupancies and rents have […]Continue Reading →