Real Estate Blog

Characterized by its proximity to the UT campus and many conveniences, West Campus is one of the most popular — and expensive — living areas for UT students. According to Multiple Listing Service, a professional rent listing used by West Campus realtors, rent in the area has increased by about 15 percent since 2008.

At least three new apartment complexes will have their grand opening this year, including 2400 Nueces, Callaway House and 21 Pearl. West Campus has also caught the eye of some out-of-state and international investors, which increases the value of land.

The popularity of West Campus is driving up prices at older apartment complexes in the area, leading some UT students to share rooms or leave the neighborhood entirely. Apartments are also

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The huge space ­— some 25,000 square feet — that was occupied by the Cool River Cafe in Northwest Austin has reopened as Abel’s North Grill and Tap House.

Ellis and Austin Winstanley — 32-year-old twins — purchased the restaurant and about 8 acres of surrounding land at 4001 W. Parmer Lane, and are focusing on attracting banquet and special event business.

“This is a Class A building that cost $200 per square foot when it was originally built,” Ellis Winstanley said.

In addition to the spacious restaurant and bar area, there are eight rooms for private parties and wooded acreage surrounding the restaurant that will be groomed for outdoor events.

Ellis did not disclose the purchase price, but the Travis Central Appraisal District

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Austin is the priciest home market in Texas, according to a local Home Listing Report, even though Texas is one of the most affordable states for homebuyers.

According to the newest survey, the average list price for a four-bedroom, two-bathroom home in Austin is $304,585, way out in front of the next priciest market — Flower Mound, a Dallas suburb. There the average list price is $283,829.

Aledo, a tiny enclave southwest of Fort Worth, logs in third with an average list price of $276,652. The fourth spot is Grapevine, also a Dallas suburb, at $271,315 and The Woodlands, north of Houston, is fifth at $260,480.

The cheapest market in Texas is Glenn Heights, which is between Dallas and Waxahachie, with an average list price of $132,167. Other

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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.

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Great Article on the Callaway House in Austin TX. This is one of the nicest Private Dorms in the Country!

Freshman students at the University of Texas at Austin had a new housing choice this fall, and it’s so cool that some older adults probably wish they could go back to school for this luxury dorm experience.

Austin-based American Campus Communities Inc. (NYSE: ACC) built the new private dorm — the first full-service freshman residence hall that has been delivered at UT in 43 years.

“This is our first development in our hometown,” said Bill Bayless, ACC president and CEO.

Located at 505 W. 22nd St. — just a couple blocks from campus — the 17-story Callaway House delivers the amenities of a luxury condominium project at a price that in some

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