Google Takes 22,000 SF in Former Austin Children's Museum

AUSTIN, TX - Commercial Real Estate:


Google, Inc. signed a lease to occupy the former children’s museum at 201 Colorado St. in Austin, TX. The two-story building totals 22,000 square feet in Austin’s CBD. The structure was originally built in 1922... http://t.co/qM74NJMvHG

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Foreign Buyer Acquires Harlem, Washington Heights Portfolio

Uptown Retail, Multifamily Portfolio Sells for $23.4M - Madison Realty Capital (MRC), an institutionally-backed re... ow.ly/2KBebN

NY Based Crumbs Bake Shop to Auction 19 Retail Locations

NEW YORK - Crumbs To Close Multiple Locations; Seeks Sale of Company - Crumbs Bake Shop Inc., a New York based cupcake ... http://t.co/xosMX8xV8K

Multi Property Sales

When a buyer purchases more than one piece of property at once, the purchase is recorded as a multi-property sale. Multi-property sales may take a variety of forms, such as a buyer purchasing a single-family home and an adjoining lot to create a single, larger property, or purchasing multiple units in one condominium building.

Since properties of different values can be purchased under a single transaction, multi-property sales may not provide a good apples-to-apples benchmark for property values when conducting a comparative market analysis.

Meyerland Plaza sold for $126 million

HOUSTON - Ronus Properties has agreed to sell Meyerland Plaza, located at Loop 610 and Beechnut for $126 million, according to Real Estate Alert newsletter. The 965,000-square-foot center has a J.C. Penney, Target, Pier 1, Best Buy, Bed Bath and Beyond, and a number of restaurants, including Café Express, La Madeleine and Escalantes.

The buyer is Houston-based Fidelis Realty Partners in a partnership with Black Rock Investors of New York. Fidelis owns a number of shopping centers in Houston.

The seller, Atlanta-based Ronus Properties is led by Dutch investor Ronald deWaal, who is selling off his American real estate portfolio.

Meyerland Plaza was developed in the 1950s and was a key shopping hub in southwest Houston for many years. It was redeveloped in the 1990s by Houston shopping center magnate Ed Wulfe.