Florida investor plunks down millions for huge Austin office asset

Florida-based real estate investor Accesso Partners LLC wasn’t done spreading its wings in Austin when it purchased the sizable Riata Corporate Park this summer for more than $100 million.
On Monday the company showed it’s even more focused on Austin by purchasing 7700 Parmer Lane. The price tag on that acquisition is likely closer to $200 million, based on tax valuations.
Accesso isn’t revealing financial details, but one thing is certain: The market newcomer is bullish on the Austin market.
The…

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Home of the Day: Spectacular 5FiftyFive NE Corner Unit

By Kumara Wilcoxon, Agent
Home of the Day is presented by the Austin Business Journal with Kuper Sotheby’s International Realty. This is your invitation to view some of Austin’s most-luxurious properties. Come inside and take a look around. Click on the gallery image to view today’s featured property.
Downtown555 E 5th #2901, Austin, TX 78701 | $995,000
Spectacular NE Corner Unit. 2 bedroom, 2.5 bath, ±1,755 SF. 2 reserved garage parking spaces, and separate storage unit. Walls of glass with…

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ACC spends millions to grab key 124-acre site near Austin airport

Officials for Austin Community College confirmed that ACC has purchased a 124.1-acre site just east of Austin-Bergstrom International Airport to build a career-technical center.
The center will likely expand educational offerings in such programs as automotive technology, building construction technology, HVAC, welding and jewelry production.
ACC paid $10.5 million for the raw land, which is located on FM 973 about a half mile south of State Highway 71.
ACC was represented by CBRE Group Inc.
No…

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Perk buys second app developer in less than a week

Mobile app development platform Corona Labs was acquired on Monday for the second time in just over a year, this time by Perk, a cloud-based mobile rewards platform, for $2.3 million.
The Austin-based Perk will integrate its rewards platform into the Corona development platform, which would let mobile app developers build games with Perk’s monetization tools built-in. Perk said it will pay approximately $1.5 million for Corona Labs, which employs 12 people, and then will pay out an additional…

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Trying to shore up Dell deal and boost VMware, EMC says it will keep majority stake in Virtustream

EMC Corp. will retain a majority stake in Virtustream as it tries to increase shareholder support for its sale to Dell Inc.
EMC said Tuesday that it will ditch its plan to place Virtustream in a joint venture with Palo Alto-based VMware, according to Reuters, citing sources close to the situation. The shift in strategy is supposed to lift VMware shares, which have lost 25 percent of their value since the Round Rock-based Dell announced in October that it would buy EMC for $67 billion. Shares of…

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Software services startup Innography acquired by British company

Innography Inc., a software services provider, said Monday it has been acquired by a British company.
The Austin startup was bought by CPA Global Ltd., an intellectual property software and services specialists based in the Channel Islands. Financial terms of the deal were not disclosed.
Innography plans to remain in Austin and operate as a division of CPA Global with CEO John Martin still at the helm. The acquisition is expected to enable the company to expand its business beyond North America…

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Austin PE firm among bidders for PR Newswire, report says

Vista Equity Partners LLC is competing to acquire press release distributor PR Newswire Association LLC, according to Reuters.
The Austin-based private equity firm that specializes in technology deals is up against Cision AB, a division of GTCR LLC, a Chicago private equity firm. PR Newswire’s parent company, London-based media company UBM Plc (LON: UBM), is attempting to sell the division for more than $700 million so it could focus on its trade show and event business, Reuters reported, citing…

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Goodbye Internet, Hello Smartphone? Two thirds of People Will Own Smartphone by 2018

We may be entering the smartphone era in a big, big way. A new report from ZenithOptimedia forecasts that 66.5 percent of individuals in key digital markets will have a smartphone by the end of 2018. In the meantime, Internet user growth is slowing down. The New Media Forecasts report from ZenithOptimedia shows that in […]

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Reading Our Minds: IBM’s New ‘Watson Trend App’ Predicts Hot Products for Holiday Season

It’s a new “cognitive app” designed to reveal consumer preferences for what are destined to be the most desired holiday gifts. It’s also either cool or creepy, depending upon one’s point of view. It’s “a new way for shoppers to understand the reasons behind the top trends of the holiday season and also predict the […]

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Fake Users Bother 82 Percent of Businesses, But Security Still Lacking

“While 82 percent of companies struggle with fake users, 43 percent still admit to allowing them into their ecosystem,” according to a report from eWEEK. A recent Telesign survey of 584 U.S. and 414 UK respondents suggests that businesses may struggle with fake users, but rarely take action. “The respondents, who are involved in the […]

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