Knightvest Capital has acquired three apartment communities totaling 1,027 units in Round Rock, Texas, in the Austin metro, saying it bought the value-add portfolio at a steep discount to recent trades and replacement cost.
American Housing Corp., founded by a former SpaceX engineer, says its factory-built, Lego-style rowhome system can cut construction costs 30% to 50% versus conventional homebuilding, and is raising a Series A to scale production.
Austin’s luxury home price threshold fell 9.6% year over year in July, more than three times the national pace and the steepest decline of any metro Realtor.com tracks, as the market normalizes after its pandemic-era boom.
First-half home sales in the Austin-Round Rock-San Marcos area rose 4.8% to 15,698 while the median price fell 2.4% to $425,000, according to Unlock MLS. June pending sales climbed 13.2%, and active listings within the city of Austin fell 22.1% to 4,665. Sales up, prices down, inventory sharply lower β that combination describes a market … Read more
Cousins Properties sold the 30-story One Eleven Congress tower in downtown Austin to newcomer Canyon Creek Real Estate for $208 million, according to a Cousins SEC filing.
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