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The deal makes it the largest office transaction in Austin's recent history, according to Kilroy Realty.

Print Doubling down on downtown San Diego, Kilroy Realty will pick up its second full-city block in Little Italy, paying $42 million to buy 2045 Pacific Highway where it plans to erect another office building across from its first full-block project in the neighborhood, 2100 Kettner. The publicly traded real estate investment trust announced last week that it is in escrow on the site, which is just a surface parking lot away from San Diego Bay. The developer plans to convert the 1.3-acre lot, currently home to a Mobil gas station, into another marquee offering, this time building 275,000 squa...

( NYSE: KRC) today said it has reached agreement in three separate off-market transactions totaling approximately $670 million to acquire Indeed Tower in Austin, Texas, a land site adjacent to its 2100 Kettner development project in San Diego and the ground lease under its Key Center office tower in Bellevue, Washington. All three transactions are expected to close by the end of the third quarter and are subject to certain closing conditions. Indeed Tower (Photo: Business Wire) Indeed Tower (Austin, Texas) The $580 million acquisition of Indeed Tower, the brand-new, premier Austin o...

After rough 2020, is Austin's office market poised for a rebound? The coronavirus pandemic isn't done battering the Central Texas office market, but local commercial brokers say they are seeing signs of that things could improve in the coming months. Office vacancies were still on the rise and the rental rates being sought were flat in the fourth quarter, according to new industry reports.  Office leasing remains far below 2019's pace, and in line with the leasing activity seen during the last recession, according to CoStar Group, a real estate data company. But some local office brokers...