October 2013

We are excited announce the listing of 2708 San Pedro. This 10 unit complex is brand new to West Campus and offers some of the nicest finish outs you will find for a Student Property. The list price for this complex will be $3,900,000. The complex is fully leased and will always be one of the most sought after student properties in the West Campus Market.

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Austin Gold Rush

The real-estate market in Austin, Texas, has been on a roll. Apple Inc. announced in 2012 that it was planning a $304 million campus in the city, doubling its presence.

Now, a Cushman & Wakefield report said that in the past year Austin has seen office-building investment volume increase in percentage terms more than in any other U.S. city. The total value of the properties sold in the 12 months ended June 30 was $2.1 billion, a 304% increase over the previous year.

The largest single purchase during the 12-month period was by Cousins Properties Inc., CUZ +0.75%which bought a 434,000-square-foot building at 816 Congress Ave. for $105 million.

Demand for Austin office buildings is being fueled by the city's technology sector.