Two news items suggest Austin, Texas might be a hot market for two very diverse types of residents: retirees and entrepreneurs. KBS Real Estate Investment Trust has recently acquired nine Class-A office, warehouse, and distribution properties totaling two million-square feet. One of the properties is in the Dallas-Fort Worth region, and one is in the Round Rock, Texas region. The rest of the properties are located outside of Texas.
Of these properties, the largest property that KBS Real Estate Investment Trust purchased is situated in Round Rock. The enormous Crystal Park II industrial building boasts over 240,000-square-foot of space in the 38-acre Crystal Park complex situated at Old Settlers Boulevard and Greenhill Drive, near I-35. The Corporate Express building is a Class B flex building, slightly more than 131,000-square-feet. Located at 2230 Avenue J in Arlington, the building is in the highly desirable Dallas-Fort Worth region. California-based KBS purchased the portfolio of properties from Minneapolis-based Opus Corp. for a reported $124.5 million. The seller was represented by CB Richard Ellis. So far, no official reports have been made about what may be done with the properties. However, KBS will likely continue to rent the highly desirable properties to business tenants. All the buildings in the portfolio -- including the Texas holdings -- have excellent occupancy rate. In fact, Crystal Park II was 73% leased out to various tenants at the time that the KBS deal was made. The Corporate Express building is completely leased by Corporate Express. KBS may be looking to attract more businesses to the Crystal Park II building.
In addition to the businesses and business tenants so obviously eager to rent in the Texas area, a new study by AARP The Magazine has found to that Austin is in the top four cities in the country to watch for being retirement-friendly. The magazine determined retirement-friendly cities by looking at expanded sidewalks, mixed-use housing, good quality health care, and quality mass transit systems. Using this criteria, the magazine found that the Texas capital city provided excellent quality of life to residents over the age of 50 and would in fact tend to attract those types of residents. The magazine reports that this age group will likely grow by 32% in the next decade and a half, so entrepreneurs in the area may wish to cater to retirees and boomers as well as to businesses. The magazine also reported that other top communities to watch for being retiree-friendly included Burlington in Vermont, Mankato in Minnesota, and Traverse City in Michigan. Retirees considering moving to the Austin area will be pleased to know that the constant building and expansion in Austin's downtown district creates more mixed-use properties and properties that are ideal for retirees. The fact that Austin's downtown residential area often includes easy access to clinics, stores, restaurants, and other attractions is surely an attraction as well. In addition, Austin's mild climate, natural beauty, and easy access to the facilities and continuing education classes at the University of Texas are sure to please those over 50.
Bed And Breakfast Austin Texas
Austin Texas Real Estate groups are present to assist you recognize your residential plans. For several this is to discover a residence to identify their hold, by means of a magnificent backyard plus sociable neighbors. If you have ended the choice with the intention that you desire to subsist in Austin, Texas in that case the initial obsession you require to do is to observe immediately what actual property is accessible.
A rapid but unplanned growth of various cities may have met the needs of its citizens but deprived them of their valuable environmental treasures- the gardens and the orchards that is said to be the heart and soul of the city. The Austin Texas Real Estates helps you to avail all of these treasures, which are a part of your home. The task of constructing organized housing structures requires a lot to be done to save the city from environmental degradation.
Why The Austin Texas Real Estate is regarded as best: The need of the hour, among other things, is to have more transparency in the land record and registration system. And this need is really understood by the Austin Texas Real Estate. A developer needs to be sure that he is purchasing land from the genuine owners.
As things stand, registration authorities do not take responsibility for the authenticity of the ownership of the property in spite of them being the custodian of the documents and data relevant to establish ownership but Austin Texas Real Estate really do. Why to Opt for Real Estates in Austin Texas: There are several reasons for choosing the real estates in Austin. It provides numerous of resources with your home sweet home.
Food for the Brain and Health in General. With a prompt purchase of an Austin Texas real estate, some of the most health-conscious homeowners would see that there would be no problems in searching for foods that would give physical and holistic health and psychological upliftment in Austin. Whole foods, healthy options, and other food resources that will make one healthy are easy to find within Austin, Texas.
Foodstuff for the mind and fitness in common. By means of your procurement of Austin, Texas genuine lands you come close to another immense periphery advantage. A few of the largely physical condition aware homeowners will rapidly observe that conveniently there is denial difficulty in finding vigorous holistic foodstuffs. Complete foodstuff, vigorous alternatives, plus former provisions possessions are simple to locate within Austin region.
Minor offence pace: According to figures, Austin is benefited from a far minor offence tempo than other divisions of the state. Sensitivity to be safe and sound in owns residence is a sufficient basis unaccompanied to buy a little genuine estate in this region.
Austin Texas offers you to live a life full of entertainment and leisure. This city has a record of arranging musical programs for its citizens. 6th Street downtown is known as one of the melodious place the city has. Music is of course best stress buster. Every night is a musical night for the residents of Austin Texas. Everyone knows that how it feels when a tired and stressed person has the option to be relaxed by the way of music.
Once you buy a real estate in Austin Texas, your health will not suffer anymore. Every type of health amenity is being provided by the city to its residents. Fresh and healthy foodstuff is also available at your doorsteps. Juvenile families and those are retiring from their services find it as an ultimate place to live in. Certain other unique facilities are also available for Austin Texas people like swimming pool, sunbathing etc. In simple words you are safe from security point of view whether it may social or economical.
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Kinan Beck has sinced written about articles on various topics from Real Estate, computers and the internet and Real Estate. Kinan Beck is the Broker and co-owner of One Source Realty in Austin Texas. Visit Kinan's Lake Travis real estate website, visit his. Kinan Beck's top article generates over 60500 views. Bookmark Kinan Beck to your Favourites.
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