Austins

World Class Property Company Announces Successful Refinancing of 56 East Avenue Property in Austin’s Rainey Street District

Retrieved on: 
Tuesday, August 3, 2021

AUSTIN, Aug. 03, 2021 (GLOBE NEWSWIRE) -- World Class Property Company (together with its affiliates World Class), a privately-held, diversified real estate investment company, announced today the successful refinancing of a creative office property located on a prime development site at 56 East Avenue in downtown Austin.

Key Points: 
  • AUSTIN, Aug. 03, 2021 (GLOBE NEWSWIRE) -- World Class Property Company (together with its affiliates World Class), a privately-held, diversified real estate investment company, announced today the successful refinancing of a creative office property located on a prime development site at 56 East Avenue in downtown Austin.
  • World Class was an early investor in the Rainey Street District, a rapidly growing area along Lady Bird Lake on the southeastern edge of downtown.
  • The growth in the Rainey Street District is astounding, even by Austins standards, said World Class founder and CEO Nate Paul .
  • The long-term plans for 56 East Avenue remain unchanged, and World Class continuously evaluates opportunities to maximize the propertys development potential.

Madison Realty Capital Originates $13 Million Bridge Loan for Multifamily Development in Austin, Texas

Retrieved on: 
Tuesday, August 3, 2021

NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $13 million bridge loan to a joint venture between The Sutton Company, KOA Partners and Atalaya Capital for the acquisition and predevelopment of a multifamily development site in Austin, Texas.

Key Points: 
  • NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $13 million bridge loan to a joint venture between The Sutton Company, KOA Partners and Atalaya Capital for the acquisition and predevelopment of a multifamily development site in Austin, Texas.
  • The joint venture development group has plans to deliver 400 multifamily units, 100,000 square feet of office space, 180 hotel keys and 40,000 square feet of retail space in two phases of development.
  • We are pleased to support an institutional JV comprised of highly reputable borrowers and leading local developers with deep ties to the Austin community, said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital.
  • The transaction follows Madison Realty Capitals recent $278.5 million construction loan to Reger Holdings, LLC for the EastVillage in Austins Parmer Lane tech corridor and The Linden Residences in downtown Austin.

SecureLink’s Chip Pate Named One of Austin’s Top CFOs of 2021

Retrieved on: 
Monday, July 19, 2021

AUSTIN, Texas, July 19, 2021 (GLOBE NEWSWIRE) -- SecureLink , a leader in third-party security, has announced its Chief Financial Officer Chip Pate was named one of Austins top CFOs of 2021 by the Austin Business Journal in the medium private business category.

Key Points: 
  • AUSTIN, Texas, July 19, 2021 (GLOBE NEWSWIRE) -- SecureLink , a leader in third-party security, has announced its Chief Financial Officer Chip Pate was named one of Austins top CFOs of 2021 by the Austin Business Journal in the medium private business category.
  • Going on its 13th year, the 2021 edition of the Best CFO Awards recognized the exceptional work of Austins chief financial officers throughout the pandemic.
  • Chip has played an instrumental role in SecureLinks business success over the past two years, steering our finances while leading a massive customer onboarding process, said SecureLink CEO Patrick Tickle.
  • And earlier in 2021, Pate guided SecureLink through its first acquisition of data governance company, Maize Analytics.

TRI POINTE HOMES TAKES TOP HONORS IN FIVE CATEGORIES AT 2021 GREATER AUSTIN MAX AWARDS

Retrieved on: 
Friday, July 16, 2021

AUSTIN, July 16, 2021 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (NYSE: TPH), one of the largest homebuilders in the US, has won five awards at the 2021 MAX (Marketing and Advertising Excellence) Awards.

Key Points: 
  • AUSTIN, July 16, 2021 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (NYSE: TPH), one of the largest homebuilders in the US, has won five awards at the 2021 MAX (Marketing and Advertising Excellence) Awards.
  • Tri Pointe Homes was also a four-time awards finalist at the annual gala sponsored by the Home Builders Association (HBA) of Greater Austins Sales and Marketing Council.
  • At Rancho Sienna, a 500-acre master-planned community located in Georgetown, Texas, Tri Pointe Homes won the MAX Award for Best Single Family Detached Home priced under $349,999.
  • The MAX Award for Best Design Studio went to Tri Pointe Homes 4,000-square-foot Class A space, which opened in Austin in September 2019.

Harbor Custom Development, Inc. Closes 108 Lots for $17,165,000 Expanding Austin Metro Housing Footprint

Retrieved on: 
Thursday, July 1, 2021

Horseshoe Bay has seen rapid growth as a result of Austins expanding employment base and the subsequent migration of households to the Lake and Hill Country regions.

Key Points: 
  • Horseshoe Bay has seen rapid growth as a result of Austins expanding employment base and the subsequent migration of households to the Lake and Hill Country regions.
  • Harbor has active or recently sold-out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, and Allyn in the state of Washington.
  • In the Sacramento metro market, Harbor will be constructing homes in completed subdivisions in both Rocklin and Auburn, California.
  • In the Austin metro market, Harbor has acquired developed lot inventory in Dripping Springs, Driftwood, and Horseshoe Bay, Texas.

Elevate Brands Joins Nation’s Rapidly Growing Austin Tech Hub and the Nation’s Third Largest Market for Amazon Marketplace Sellers

Retrieved on: 
Wednesday, March 24, 2021

Elevate Brands, a leader in acquiring and operating Amazon third-party businesses, today announced its newest headquarters in Austin, Texas.

Key Points: 
  • Elevate Brands, a leader in acquiring and operating Amazon third-party businesses, today announced its newest headquarters in Austin, Texas.
  • Elevate Brands recently raised $55 million in funding and is on pace to create a dynamic portfolio of 100 category-leading native-commerce brands.
  • The Austin headquarters gives Elevate Brands a footprint in the nations rapidly growing tech hub and close proximity to the nations third largest market of Amazon Marketplace sellers.
  • Surrounded by world-renowned and locally revered tech companies, Elevate Brands' new location is in Austins bustling 2nd Street District at Galvanize Austin.

Fluor-Led Joint Venture Opens 8-Mile 183 South Project in Austin, Texas

Retrieved on: 
Monday, March 1, 2021
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210301005919/en/
    Pictured is Loyola Lane for the 183 South project in Austin, Texas.
  • This project represents Fluors commitment to providing the most significant improvements to the U.S. Highway 183 corridor since the mid-1960s.
  • The project added capacity to one of Austins most important arterial roadways that serves more than 60,000 vehicles per day.
  • In addition, Fluor was recently awarded the Oak Hill Parkway Project in southwest Austin, just 10 miles west of the 183 South Project.

The Independent Named ‘Best Multifamily Project’ of 2020 by Austin Business Journal

Retrieved on: 
Tuesday, October 27, 2020
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20201027005818/en/
    Completed in Spring 2019, The Independent is Austins tallest residential tower, comprising 363 condominiums with 20,000 square feet of recreational space.
  • We are extremely proud of what we were able to accomplish in collaboration with our partners on this project.
  • Founded in 2006, Austin-based Aspen Heights has developed over 50 student and multifamily housing projects, totaling more than $2.8 billion in value.
  • The firms best-known project is arguably The Independent , a 685-foot-tall, 363-unit condo tower thats both the tallest residential tower west of the Mississippi River as well as the tallest structure in Austin.

Texas New Home Sales Rebound in June

Retrieved on: 
Tuesday, July 21, 2020

The HomeUSA.com New Home Sales Index shows the Days on Market (DOM) average in Texas was 102.87 days in June versus 103.22 days in May.

Key Points: 
  • The HomeUSA.com New Home Sales Index shows the Days on Market (DOM) average in Texas was 102.87 days in June versus 103.22 days in May.
  • New home sales and pending home sales in June were higher in all four biggest new home markets in Texas Dallas-Fort Worth, Houston, Austin and San Antonio.
  • According to the 12-month moving average, June new home sales in Texas were higher, averaging 4,062 versus 3,958 in May.
  • In Dallas-Ft. Worth, June sales totaled 1,453 versus 1,412 in May, while Austins June sales totaled 676 versus 664 in May.

athenahealth Honored in Built In Austin’s and Boston’s Respected Best Places to Work Lists in 2020

Retrieved on: 
Wednesday, January 22, 2020

WATERTOWN, Mass., Jan. 22, 2020 (GLOBE NEWSWIRE) -- athenahealth, Inc., a leading provider of network-enabled services for ambulatory and enterprise customers nationwide, today announced it was included on Built In Austins and Built In Bostons lists of Best Places to Work in 2020.

Key Points: 
  • WATERTOWN, Mass., Jan. 22, 2020 (GLOBE NEWSWIRE) -- athenahealth, Inc., a leading provider of network-enabled services for ambulatory and enterprise customers nationwide, today announced it was included on Built In Austins and Built In Bostons lists of Best Places to Work in 2020.
  • Were thrilled to be recognized as one of the Best Places to Work in Austin and Boston by Built In, said Fran Lawler, Chief Human Resources Officer, athenahealth.
  • athenahealth was also recognized in Built In Austins respected Best Midsize Companies to Work For and Best Paying Companies lists for 2020.
  • Best Places to Work Methodology:
    Built Ins Best Places to Work list rates companies algorithmically based on compensation data and employer benefits.