In Brief - Austin Business Journal:

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The roughly 600,000-square-foot Rivere Place Corporate Park near the Four Pointsd area is posted for an Apri 7foreclosure auction, according to foreclosure service The 48-acre property at 6500 River Place was bought by JP Morgan Investment Management last While the property has been posted for the owner has until the date of the auction to make the necessaryy payment to the lender and avoid The property is valued at $119 according to the Travis Centrall Appraisal District. City street work expedited Marcuh16 | The city of Austin will accelerate $69.1q million of spending on street reconstructio projects to begin in the next 18 months, City Manager Marc Ott said in An additional $34.
6 million in road projects are already schedulecd to begin in the next 18 months, meaningh a total of $103.7 million of projectxs are likely to begin in that 18-month time frame. Some projectsa were originally scheduled to start within afew years. The initiativ e is intended as a localstimulus package, Ott “We believe doing all we can to accelerates the investment in our infrastructure holds the promise of keepingf local firms at work and employed,” he said. “Thise is our way of being part of the nationa lstimulus effort.” The projects are expected to creatse an estimated 300 new private sector said Howard Lazarus, the city’sx director of public works.
March 13 | An apartmengt complex in North Austin haschanged hands. Summer Grove, a 124-unit complezx at 7905 San Felipe Blvd., was boughyt in late February by Summer Grove Propertiea LLC ofSanta Rosa, Calif. The seller was Bryaj Stern with Baron Properties LLC ofGreenwoodx Village, Colo. The purchase price was not disclosed. Financiny was facilitated by Alliant Capital LLCof Seattle, and Elle n Muskin and George Deuillet III of the Austimn office of Hendricks & Partners represented the