Austin, Nashville, and Miami emerge as top U.S. commercial real estate investment destinations
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blog entries tagged as commercial real estate.
"Pearlstone envisions denser Austin, forges ahead with $700M in urban housing"
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Austin Business Journal writes, "amid a year of muted activity for commercial real estate development, Pearlstone Partners LLC is betting big on the continued allure of Austin — it has three new projects up its sleeve that could total about $700 million in construction costs. That's on top of Robert Lee and his team forging ahead on three under-construction projects expected to deliver from early 2024 through 2025.
The Austin-based company just unveiled details on three multifamily communities planned to rise on prime sites, spread from Rainey Street to the northwest side of the Central Business District. All three are still in the investment phase, meaning they may not deliver for a few years.
Demand for housing has slowed across the board in…
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Retro Austin-area drive-in movie theater premieres on the market at $4 million
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Picture this: You could be the owner of a retro-style drive-in movie theater just east of Buda.
Doc’s Drive-In Theatre recently debuted on the market at a list price of nearly $4 million ($3.999 million, to be precise). The deal would include the business itself, as well as the land and structures.
The 7.9-acre property, near I-35, features the theater setup as well as three fully furnished movie-themed rental casitas and a members-only, speakeasy-like private club. Also included in the sale are the commercial kitchen and bar. The theater, casitas, and club remain open.
The listing notes that there’s “potential to grow and improve” the existing business or entirely redevelop the site.
Central Texas couple Chris and Sarah Denny opened the…
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Austin booms among hottest markets for industrial construction in new report
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It's not just Austin's residential real estate market that's hot. Austin is among the hottest markets in the Southwest for under-construction warehouse and distribution centers.
Data published by Community Property Executive shows Austin had nearly 8.3 million square feet of industrial space under construction in late June. That represents a little over 7 percent of the existing industrial space (more than 114 million square feet) in the region.
Austin ranks third in the Southwest, behind Dallas and Houston, according to Commercial Property Executive, at Nos. 1 and 2, respectively. Dallas is also the No. 1 market in the U.S., beating out Phoenix (No. 2) and Southern California's Inland Empire (No. 3) nationally.
In Austin and throughout the…
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