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"oracle, austin"

Oxford Enterprises Acquires 300-Unit Santa Clara Apartments in Metro Austin

by Taylor Williams August 26, 2020

PFLUGERVILLE, TEXAS — Dallas-based Oxford Enterprises has acquired Santa Clara, a 300-unit apartment community located in the northern Austin suburb of Pflugerville. The property was built on 21.5 acres in 2019 and is situated within several miles of the hubs of major employers like Apple, Dell, Oracle, Hewlett-Packard and General Motors. Units feature one-, two- and three-bedroom floor plans with granite countertops, kitchen islands and private balconies and patios. Amenities include a pool, playground, fitness center, business center, movie theater and a dog park. Will Balthrope, Jordan Featherston, Drew Garza and Kent Myers of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Santa Clara LLC, in the transaction. The team also procured Oxford Enterprises as the buyer.

August 26, 2020

Development Multifamily Texas

Aspen Heights Partners Begins Work on 323-Unit Apartment Community in Austin’s East Riverside

by Taylor Williams May 22, 2020

AUSTIN, TEXAS — Locally based student housing developer Aspen Heights Partners has begun construction on a 323-unit apartment community that will be located less than one mile from Oracle’s campus in the East Riverside area of Austin. The four-story property will feature one- and two-bedroom units and amenities such as interior courtyards and a rooftop deck with a pool and a fitness center. Select units will also offer private balconies. The developer expects to begin leasing the property in November.

May 22, 2020

Industrial Market Reports Texas Texas Market Reports

Population Growth Will Continue to Fuel Austin Industrial Market in Coming Years

by Taylor Williams February 14, 2020

When real estate professionals contemplate the nation’s top industrial markets, Austin is not the first market to come to mind. Bigger and more established markets like Dallas, California’s Inland Empire, Chicago and Houston are often the newsmakers with tens of millions of square feet of industrial product under construction and tenants routinely signing deals for million square foot-plus deals. Austin has been mostly known and admired for its office market and tech-forward economy, gaining notoriety circa 2000 with the tech boom and exploding in growth over the last five years with expansions and commitments from Apple, Google, Facebook, Indeed, Amazon, Oracle, Charles Schwab and Expedia. However, Austin’s emergence as one of the nation’s best cities to live in with ample opportunities for high-paying employment has resulted in astounding population growth — one of the biggest drivers for industrial real estate. As the population expands so does demand for goods and materials that are stored in warehouse buildings, and the Austin industrial market will certainly benefit from this trend for the foreseeable future. Per the Texas Demographic Center, the Austin metro population stood at roughly 1.25 million people in 2000. It is anticipated that the metro area will be home to …

February 14, 2020

Multifamily Texas

ARA Newmark Brokers Sale of 230-Unit Apartment Community in Austin

by Taylor Williams March 5, 2018

AUSTIN, TEXAS — ARA Newmark has brokered the sale of Lakeshore Pearl, a 230-unit multifamily community located adjacent to Oracle’s office campus in Austin’s East Riverside area. The property, which features a pool, fitness center, business center, theater room and storage space, was 93 percent occupied at the time of sale. Pat Jones of ARA Newmark represented the seller, an affiliate of Chicago-based Inland Private Capital. Austin-based investment firm Cypress Real Estate Advisors acquired the asset for an undisclosed price.

March 5, 2018

Office Texas

HFF Arranges $64.4M Financing for 543,544 SF Office Campus in Austin

by Taylor Williams November 21, 2017

AUSTIN, TEXAS — HFF has arranged $64.4 million in financing for Amber Oaks, a 543,544-square-foot, Class A office campus in Austin. The nine-building property is located adjacent to State Highway 45 and offers access to U.S. Highway 183 and Interstate 35. The campus was 93 percent leased at the time of sale to tenants such as Oracle, Office Depot and Toshiba America. Kevin MacKenzie, Casey Wenzel, Jamie Kline and Nick Lench of HFF arranged the financing through Wells Fargo on behalf of California-based investment firm Menlo Equities.

November 21, 2017

Multifamily Texas

Pollack Shores Buys New Apartment Community in Austin from Flournoy Development

by John Nelson November 10, 2017

AUSTIN, TEXAS — Atlanta-based Pollack Shores has purchased Eastside Station, a newly built, 330-unit apartment community in east Austin, in an off-market transaction. Pat Jones of ARA Newmark represented the seller and developer, Columbus, Ga.-based Flournoy Development. The mid-rise property is situated within walking distance of downtown Austin, the University of Texas campus, the 10-acre Plaza Saltillo project, Medical District, Main Street Hub, the future site of the Oracle Cloud Campus and Google’s and Facebook’s new offices. Community amenities include a rooftop lounge, resort-style pool, two-story lifestyle fitness center and a clubroom with a demonstration kitchen, cyber café and business center. Units include nine-foot ceilings, open-concept kitchens, spa-like bathrooms and walk-in closets.

November 10, 2017

Office Texas

Accesso Partners Acquires 913,000 SF Office Campus in Austin

by Haisten Willis December 1, 2015

AUSTIN, TEXAS — Accesso Partners has acquired 7700 Parmer Lane, a 913,000-square-foot, 94 percent leased technology office campus in northwest Austin. The property is leased to Google, Oracle, eBay/Pay Pal, Electronic Arts, Polycom and Dun & Bradstreet. The 129-acre, four-building office complex is the second Austin acquisition in the last five months by the Hallandale Beach, Fla.-based real estate investment firm. There are two vacancies in the complex, a 31,436-square-foot space adjacent to Oracle in Guilding B, and 23,693-square-foot space in Building C adjacent next to Electronic Arts. Additionally, there is a value-add opportunity to develop a fifth office building within the campus footprint. Michael McDonald of Eastdil Secured’s Atlanta office represented the seller and procured Accesso Partners. The amenities at 7700 Parmer include an auditorium, full-service cafeteria, baseball field, basketball courts, soccer field, volleyball court and a day care service. Susan Hill of HFF’s Houston office arranged acquisition financing on behalf of Accesso Partners.

December 1, 2015

Market Reports Texas Texas Market Reports

Amid Capital Markets Freeze, Investors Still Love Central Texas

by Taylor Williams November 21, 2023

By Taylor Williams The growth story of Central Texas is compelling enough that commercial developers and investors are still aggressively targeting the region, even as costs of doing business hit the roof. In fact, both cities recently cracked the Top 10 on Urban Land Institute’s list of markets to watch in the organization’s Emerging Trends report for 2024. To dispense with the bad and obvious, the region — loosely defined as the swath of land bookended by the Austin and San Antonio metro areas — is not exempt from wide-ranging industry headwinds. Newer trends like working from home, as well as entrenched issues like a shortage of affordable housing and crushing interest rates, impact deals and projects in high-growth markets perhaps even more harshly than their smaller counterparts. This is simply due to the principles of supply and demand. Further, the region faces homegrown challenges stemming from a decade-plus of hyper-accelerated expansion, namely a skyrocketing cost of living and insufficient infrastructure to support demand from tenants and residents. But the fundamentals of job and population growth remain so robust in Central Texas that buyers and builders, particularly within the industrial and multifamily spaces, can still invest and develop in this …

November 21, 2023

District of Columbia Features Southeast

Sun Belt Markets Dominate Top 10 ‘Markets to Watch’ in 2023, According to Emerging Trends Report

by John Nelson November 2, 2022

WASHINGTON, D.C. — A variety of Sun Belt markets once again lead the “top markets to watch” in 2023 for overall real estate prospects, with Nashville ranking No. 1 for the second consecutive year in the annual Emerging Trends report issued by the Urban Land Institute (ULI) and PwC US. Using proprietary data and insights from more than 2,000 real estate industry experts across 80 tracked markets in the United States and Canada, Emerging Trends pegged the Music City as a “supernova” market due to its evolution from an 18-hour city to a “24-hour metropolis.” In the past couple years, Nashville has attracted Amazon and Oracle to build new office campuses, and two weeks ago the NFL’s Tennessee Titans and the Metropolitan Government of Nashville and Davidson County agreed to terms for a new $2.1 billion football stadium in the East Bank district that could attract events such as the Super Bowl and College Football Playoff. The private investment is in response to the Nashville MSA posting a 21 percent population growth rate in the past decade, according to the latest U.S. Census data. The Emerging Trends report noted that the pandemic has reinforced these migration trends as workers from …

November 2, 2022

Market Reports Office Texas Texas Market Reports

Demographic Trends Point to Strong Recovery for Texas Office Markets

by Taylor Williams September 21, 2022

By Brett Merz, senior vice president, KBS Texas continues to be a top state for job and population growth as its low cost of living and business-friendly policies attract companies and residents from other parts of the country. As such, many commercial real estate owners and operators are recognizing the state’s potential for increased leasing activity in the second half of 2022 and throughout 2023. The portfolio of KBS, which has long been investing in these markets, currently contains 16 office assets in these cities, and we continue to evaluate opportunities to acquire more that align with our investment strategy. Based on 30 years of experience in acquiring and operating premier office assets throughout Texas and beyond, here are a few trends we anticipate continuing for the remainder of 2022 and into next year. Rising In-Migration Major Texas markets including Austin, Dallas-Fort Worth (DFW), Houston and San Antonio are likely to remain magnets for in-migration. Residents are moving to these markets in search of a more affordable quality of life, which is aided by the absence of a state income tax. In addition, companies are seeking office space in a region with business-friendly tax policies. Austin, in particular, continues to …

September 21, 2022

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