trending Market Intelligence /marketintelligence/en/news-insights/trending/XtvAVJrO5Tcx9fEcheX-AQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Cielo buys $55M Austin, Texas, building for redevelopment

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview

Cielo buys $55M Austin, Texas, building for redevelopment

Real estate developer Cielo Property Group LLC purchased condominium building Brazos Lofts in Austin, Texas, for $55 million for future redevelopment, the Austin Business Journal reported, citing a source with knowledge of the deal.

Cielo may build a tower of up to 885,200 square feet on the 0.81-acre site but does not have specific plans for it yet, the publication said, citing the firm's statement, which added that demolition will not happen for at least 12 months under the deal's terms.

Negotiations on the sale of the 40-unit property at 411 Brazos St. have been underway for at least a year, as 80% of unit owners had to approve it, the report said.