Austin Real Estate

San Francisco-based real estate company Spear recently announced their decision to buy Riata, a local office park, from Equity Office, a subsidiary of the Blackstone Group, and JP Morgan. The property covers 1.1 million square feet. The price these companies agreed on has not been officially released yet, but it is estimated to be at […]

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New lofts and condominiums are springing up all over downtown Austin, a trend that has caught the eyes of realtors and economists as well as people looking for a new home. It is speculated that this trend is being supported by a related trend: the growing popularity of a “pedestrian” mindset. As people become increasingly […]

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Across the nation the housing market has witnessed an overall decline in home values.  According to researchers, for sale prices have dropped by 0.8% this month and by 1.7% over the past three months.  Most of the pain is felt in the coastal markets, particularly in Florida, where the average property turnover rate […]

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The Wells Fargo tower in Downtown Austin, Texas was recently purchased by a Swiss Real Estate Investment Firm.  The company had been wanted to expand their portfolio to include holdings in the United States.  The purchase took place on July 8th, 2008.  The building is currently 96% leased and has over 280,000 square feet of […]

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Despite downhill market dips, the Austin area real estate market has been holding steady.  As one of the fastest growing metropolitan areas in the United States, the real estate market remains in the hands of buyers.  There has also been a 5% increase in the number of available new homes for Texas residents. 
This contrast […]

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