IvenTrust Properties Goes Shopping In Austin
Last year, InvenTrust Properties Corp announced it would spin off its non-core assets. This year, the company is snapping up retail centers all over the US, and Shops at the Galleria is the most recent acquisition for the retail-hungry firm.
InvenTrust acquired Shops at the Galleria, a 537k SF retail power center in Bee Cave, in an off-market sale. The shopping center was 99% occupied at the time of the sale.
Shops at the Galleria, which was built in 2005,…
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Tech's Impact On Austin
Tech accounts for 20% of the Austin economy, with 100,000 employees, Austin Technology Council vice chair Lynn Atchison says. And it's “absolutely still growing,” projected to add 3,000 jobs a year for the next decade. Those aren't all software engineers;…
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Be Part Of Our Austin Hospitality & Lodging Event!
Want to rub shoulders with Mayor of Austin Steve Adler and SXSW director Hugh Forrest? Bisnow's hosting them and a heavyweight panel of hotel experts to discuss Austin's ever-growing tourism market and the massive new projects that are serving it. You can be part of it all—we're looking for sponsors and panel moderators for the event, which starts at 7:30am April 28. Read all about the Hospitality & Lodging event here and email Karen Pierre, karen.pierre@bisnow.com if you're interested in partnering. |
San Antonio Seeks Mixed-Use Proposals For City Land
The City of San Antonio and Bexar County plan to offer several Downtown sites for mixed-use development. The sites will encompass more than seven acres between City Hall and Market Square; the city hopes this will spur new investment along…
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Other Downtown San Antonio News
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Why You Can't Say Austin's Multifamily Is Booming
Austin's multifamily market is quite healthy, but don't call it a boom. Gables Residential development director Jennifer Wiebrand (who spoke at Bisnow's Austin State of the Market, pictured) says that suggests an abrupt landing, but Austin's multifamily market is three…
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Is Economic—And Real Estate—Boost From Sporting Events Overrated?
People are quick to say that the Super Bowl, Wrestlemania and the Final Four serve as valuable capital injections into local economies—with some even trickling down into lasting property appreciations.
But economists aren't so sure. “About 20 years ago people thought these events were a big economic boom for an area,” Rajeev Dhawan, chief of Georgia State University's Economic Forecasting Center, tells Bisnow.
Click here for the full story. |
PHOTOS: Inside The Elon Musk Building That Could Change The World
Elon Musk unveiled his Tesla Model 3 last week—and promptly made $7.5B in pre-orders. His next big project? The Tesla Gigafactory, which will pump out Tesla batteries faster than Elon's cars are flying off the shelves (maybe). Take a look at how far along the futuristic industrial space is.
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