JLL Exec: Multifamily Financing Is Rough, But The Sector's Still Strong
Financing multifamily projects has gotten trickier recently, but overall the sector is still strong and at a healthy point in the cycle, JLL managing director of multifamily Scott LaMontagne reassures us. Join Scott and other industry experts on July 21 in Addison, TX, for Bisnow's Multifamily Annual Conference South. The all-day conference will give you an opportunity to network, learn and have a lot of fun, too. Read on for a sneak peek.
It is increasingly tough to get construction debt, Scott (pictured here with his family) tells us. It's a national problem: There are a slew of new regulations that will go into effect soon and it's making lenders a little gun-shy.
Scott…
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New Office Tower Will Punch Up Austin's Skyline
Brandywine Realty Trust's new 25-story office tower planned for the corner of West Fourth and Colorado streets in Downtown Austin promises to alter Austin's skyline again.
With 210k SF, the tower known as 405 Colorado will stand about 366 feet tall, according to the Austin American Statesman. 405 Colorado will include 3k SF of ground-floor retail, and have 12 parking levels with 530 spaces for tenant and public use.
Groundbreaking is contingent on leasing activity. Duda|Paine Architects, which designed the Frost Bank Tower, is handling design. [AAS]
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RealtyMogul CEO Jilliene Helman On Crowdfunding, Growth, And The Secret Behind Good Deals
New crowdfunding rules came into effect this week, opening up the real estate financing game to all types of investors. With that in mind, Bisnow sat down with RealtyMogul CEO Jilliene Helman, who has been working with real estate crowdfunding since the company's founding in 2013, for her take on the crowdfunding landscape.
Bisnow: Crowdfunding is still relatively young and historically unproven. Is it finding a home within the commercial real estate industry?
Jilliene Helman: Absolutely! We're up to 77,000 investors now. There's definitely a lot of interest. People are excited about it. People want to diversify into real estate. There's been a lot of adoption.
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Pre-K Education Center Sold In San Antonio
A private Southern California REIT purchased a 50k SF building in San Antonio that is triple-net leased to the City of San Antonio Pre-K Education Center. San Antonio will maintain its long-term lease, with options to extend.
The seller/developer was…
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BBVA Compass Moves Its San Antonio Corporate Offices
BBVA Compass is about to become even more of a presence in San Antonio as it took a chunk of square footage inside Weston Centre, the city's tallest office building. The bank's logo will be displayed atop the building's north…
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International Museum Day: The 10 Best In The US
In honor of International Museum Day today (yes, that's a thing), Bisnow put together a breakdown of the top museums in the US—check it out.
Click here for the full story. |
Everything You Need To Know About Austin Hotels
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We're Hiring!
Could you wrangle this crowd? Bisnow is looking for a part-time on-site event coordinator to handle our Texas events. We need somebody with a lot of energy, who's willing to roll up their sleeves and wake up bright and early to keep our events running smoothly in Houston, Dallas, Austin and San Antonio. Expenses paid for travel. If this is you or someone you know, email Javier.bautista@bisnow.com. |
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Want To Host A Bisnow Event At Your Raw Space?
Are you a developer or broker with office space to lease? How about a property manager managing some empty floors? Are you stressing out about having to hold broker parties in your space? Why not become a Bisnow Raw Space…
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