For Clarion Partners, platinum is a landlord’s best friend

Earning LEED certification for a ground-up office building is challenging enough, but capturing the highest “platinum” rank of eco-friendliness may be one of the most difficult undertakings as a real estate landlord.

Clarion Partners, the New York investment company, did just that. The Perry Brooks building downtown recently was recognized as the first LEED platinum overall office renovation in Austin.

Click to read the rest of this Article at Austin Business Journal.

Austin AI real estate startup raises $27M, set to hire hundreds

Three firms have invested $27 million in Opcity Inc., an Austin-based real estate tech startup, company executives announced Wednesday.

The venture operates in the residential real estate market and uses artificial intelligence, proprietary data and analytics to connect agents with home sellers and ready-to-buy prospectors in real time.

Click to read the rest of this Article at Austin Business Journal.

Riverside Resources plans major office park on former site of AMD campus near Austin airport

With most commercial real estate eyes fixed on new office buildings in downtown Austin and The Domain, another expansive project is underway in Southeast Austin — largely under the radar screen.

Since late 2013, Austin-based Riverside Resources has been quietly acquiring large portions of Advanced Micro Devices Inc.’s former campus near East Ben White Boulevard and Montopolis Drive.

Click to read more at Austin Business Journal.

Financial giant shows what $100 million-plus can buy you in Austin office construction

Charles Schwab Corp. showed off progress Thursday on its new Austin campus. With one building completely renovated and more structures under construction, the area east of The Domain in North Austin will eventually have 469,000 square feet of office and amenity space.

The San Francisco-based brokerage and banking titan already has about 600 employees working on the site, with plans to move all of its 1,600 workers in Austin there next year, according to Community Impact. The campus will be able to accommodate up to 2,600 workers.

Click to read more at Austin Business Journal.

Dropping vacancy, more pre-leasing activity ahead for SA’s retail market

The less there is of something, the more people want it and the more they’re willing to pay for it. That basic principal will continue to directly apply to San Antonio’s retail market in the year ahead.

Limited development and rising demand will trigger plummeting vacancy rates in retail properties across the city, as retailers scramble for attractive space while developers pull back from delivering it.

Click to read more at San Antonio Business Journal.