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Tishman Speyer completes $150M Texas office deal


The property is 96 percent leased as Tishman Speyer takes ownership of the newly-completed second building.
Earlier this year, Tishman Speyer closed on the Foundry I building, which had opened in 2019. At the time, it was announced that the follow-up acquisition of Foundry II would be executed once construction was completed. The sale prices was reported then at $150 million.
During the period between the initial acquisition agreement and the transaction closing announced today, Tishman Speyer worked closely with Cielo Property Group and CBRE to complete 128,195 square feet of new leasing at Foundry II, which is now 99 percent leased.
“This confluence of events that we have announced today is everything we could have hoped for when we reached our initial acquisition agreement with the developer, Cielo Property Group,” said Tishman Speyer Senior Managing Director Ryan Botjer. “We certainly recognized that Austin is one of the nation’s emerging technology centers ....

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3D-Printed Housing Developments Suddenly Take Off – Here's What They Look Like


In other words, 3D-printed real estate is taking off in a big way.
That first home that went up for sale hasn t even been built yet. The company, SQ4D, printed a model home at a concrete yard on Long Island, New York, and hosted more than a hundred showings. The new home will be printed on a lot nearby.
ICON, a pioneer in 3D-printed homes in the U.S., just completed four homes in East Austin, Texas. In partnership with Kansas City-based developer 3Strands, the two- to four-bedroom homes are now on the market, starting in the $400,000 range.
The demand has been off the charts, hard to manage even, said Gary O Dell, co-founder and CEO of 3Strands. The feedback could not have been more positive. ....

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