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Rastegar Property Company's portfolio encompasses a diverse range of assets, including multifamily, office, retail, and industrial properties. [9] The company has a strong presence in major metropolitan areas, such as Austin, Miami, and New York City, and continues to expand its footprint in emerging markets throughout the United States. [10]
The developer keeps 80 percent of the city's sales tax for the first five years and 50 percent for the next 15 years. Plus, 25 percent of the property tax is rebated back to the developer for the entire 20-year period. [16] The city of Austin expects to take in about $40 million in sales and property taxes over the 20 years of the incentive ...
Rastegar Capital rebranded as Rastegar Equity Partners in 2018, [3] and later as Rastegar Property Company. [4]) By January 2017, Rastegar's firm had $500 million in assets under management . [ 3 ] As part of his work with the company, Rastegar led planning to construct the world's tallest living wall , announced in April 2020 as part of a ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
Sixth and Guadalupe is a 66-story mixed-use skyscraper in Downtown Austin, Texas. On November 2, 2022, the building celebrated its topping out, making it the tallest building in Austin , surpassing The Independent , [ 1 ] and the sixth tallest building in Texas .
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
The Ashton was one of the first skyscrapers built in Austin during the city's 2006-2010 skyscraper boom. The building is notable for its extensive pool deck located atop the podium. The Ashton is the twin of a building of the same name in Dallas, Texas , though the Austin property is 16 stories taller.
The aggregated heights of Austin's high-rises is second in Texas, behind Houston, based on data from Texas Real Estate Source. [3] [4] The current tallest completed building in Austin is Sixth and Guadalupe, with a height of 874 ft (266 m), followed by The Independent at 690 ft (210 m) and The Austonian at 680 ft (210 m).