Massive tract east of Austin on market for $250M

sandowFrom today’s Austin Business Journal:

Alcoa Inc. has put its Texas land holdings on the market for $250 million, which include a vast array of water rights that could be the biggest known deal of its kind ever struck in the Lone Star State.

The property — known as Sandow Lakes Ranch — being sold by the New York-based metals manufacturer totals nearly 33,800 acres. The land spans three counties and sits about 45 miles east of downtown Austin.

“This is the largest water deal of its kind,” said Bernard Uechtritz, who is the Dallas broker behind the sale of the famed $725 million Waggoner Ranch .”It has an incredible amount of holding capacity and that holding capacity could be increased.”

Uechtritz is marketing Sandow Lakes Ranch, which stretches 30 miles long across three Texas counties, on behalf of the seller, Alcoa, through his newly formed company, Dallas-based International Icon Properties.

The ranch includes 14 lakes covering 1,960 surface acres, totaling 48,379 acre-feet of water. Each year, the ranch is permitted 44,000 acre feet of water through the Simsboro Aquifer with an additional 14,000 acre-feet available for permitting.

An additional 18,000 acre-feet of surface water from the Little River run through the property. By selling the ranch, Alcoa would transfer 100 percent of its water rights.

Uechtritz said the company has won a number of environmental awards for its operations and the water — which is continuously checked — could be bottled for consumption today.

As part of the deal, Alcoa would like to leaseback portions of the ranch, which includes two power plants operated by lignite with rail service. The metals manufacturer has been working at the property since the 1950s, at a time when Alcoa was mining coal on the land.

Along with water rights, the acquisition of Sandow Lakes Ranch includes:

  • 6,000-acre industrial complex, which includes roads, railhead, intermodal facility, warehousing, distribution and manufacturing;
  • 5,564 acres with 100 percent oil and gas minerals, along with 22,489 acres with 60 percent oil and gas minerals;
  • An estimated 200 million ton of lignite coal
  • A plethora of fish and wildlife that could be used for conservation;
  • Last year, the ranch produced 16,000 bales of hay, a figure that could triple under the right owner, Uechtritz said.

This is the first time Alcoa has taken the property to market since acquiring it about 100 years ago. Much like Waggoner Ranch, Uechtritz said he plans to market it worldwide through September. Uechtritz expects to select a buyer by the end of the year.

“We’ve got a lot of interest in the property,” he said. “There is so many end users for it — whether it’s bottling or municipalities or conservation — it’s a multi-faceted property from industrial to commercial to agricultural.”

One of the interested buyers could be Central Texas Regional Water Supply Corp. It has proposed a billion-dollar-plus pipeline, which, if built, would deliver water to San Antonio. The proposed 142-mile pipeline would likely cross the southern end of Sandow Lakes Ranch.

“We have the chance to put this in the right hands,” Uechtritz said. “This is an oasis outside of Austin that can really serve the community.”

Full story>>>

Huge airport mixed-use development slated for approval

From today’s Austin Business Journal:

Velocity Crossing, a 390-acre mixed-use development near the airport with almost 2 million square feet of office space and hundreds of apartments planned, is expected to receive a zoning change Thursday from Austin City Council that would clear the way for work to begin.

The land is owned by local investors including Karl Koebel and Doug Launius. Austin Business Journal broke the news about the development in a March 2015 cover story about the booming Southeast Austin submarket.

The development will be off State Highway 71 east of Austin-Bergstrom International Airport and have up to 410,000 square feet of retail and restaurant space, 1.5 million square feet of industrial space, 893 apartment units, a 10-screen movie theater, 1,200 hotel rooms and 26 acres of open space, the Austin American-Statesman reports. Construction is expected to wrap up in 2025 but no estimate was given for when it might begin.City Council gave preliminary approval to the zoning change in March.

Southeast Austin has seen increasing development activity lately as investors and homebuyers flock to the open spaces and lower prices outside the urban core and the relatively built-out North Austin submarket. Projects in the area include Brookfield Residential’s Addison and Easton Park master-planned communities plus the forthcoming Pilot Knob.

“It’s really all about transportation access,” Koebel told ABJ last year. “You can get to a job downtown in 15 minutes.”

Additional information>>>

AIBA Armadillo Award Nomination – We need your vote!

ArmadilloPoster_600wDeadline today! Please vote!

Miller Imaging & Digital Solutions has been nominated for an Armadillo Award as a “Community Champion” by the Austin Independent Business Alliance. A community champion is defined as a local business who gives back to the community through personal involvement.

The Armadillo Awards are a way for the AIBA to recognize the amazing local businesses in Austin and their contributions to our community. Voting is open until April 13th and we would appreciate your vote: www.ibuyaustin.com/dillovotes.  Thank you!

 

 

 

 

Bluebeam Delivers PDF Editing, Markup and Collaboration in First Mac-Compatible Version

Bluebeam Launches Revu Mac

Pasadena, CA (April 12, 2016) – Bluebeam®, Inc., leading developer of PDF-based annotation and collaboration solutions for document-intensive technical industries, announces the release of their first Mac-compatible solution, Bluebeam Revu® Mac. Revu Mac delivers foundational PDF editing, markup and collaboration capabilities enabling architectural, engineering and construction (AEC) professionals to streamline key functions and work processes across Windows and Mac operating systems. Bluebeam’s Studio Platform also now extends to Mac, allowing project teams to work together on the same documents in real time.

Revu Mac highlights include:

  • Studio Projects: Upload an unlimited number of PDFs and any other file types to the cloud and share Projects with project partners for simplified document management.
  • Studio Sessions: Invite attendees from anywhere to view, chat and markup the same PDFs together in real time, regardless of Internet access. All Session activity is tracked in a Record that links back to the PDF.
  • Markup Tools: Annotate PDFs with Revu Mac’s comprehensive collection of markup tools, including text, callouts, pen, lines, shapes, Cloud+, stamps, images and more.
  • Measurement Tools: Calculate length, perimeter, area and volume within drawings using Revu Mac’s measurement tools. The dynamic Markups list automatically calculates and tracks all related measurements to aid with estimations.
  • Overlay Pages: Compare two or more PDFs, even if they are skewed or different sizes. Overlay Pages allows you to pick points for comparison and assign different colors to each page so you can visually see the differences between each document.
  • Document Navigation: With tabbed document navigation, easily switch between tabs, or view them in their own floating window. Revu’s MultiView™ technology allows you to split your screen up to sixteen times and sync tabs to pan and zoom in unison. Create hyperlinks that jump to any page in the document, snapshot view or URL.
  • Document Editing: Easily edit PDF content by adding, deleting or rotating pages, combining multiple PDFs, or flattening your markups to make them a permanent part of the PDF. Users can even reduce the file size of documents to make them more suitable for email and sharing.

“Revu is about uniting teams through a common language of technology,” says Bluebeam President and CEO, Richard Lee. “By producing our first PDF solution for Mac, we are hoping to create a seamless user experience. Project teams can work how they’re used to, on their preferred hardware, while still collaborating on the same platform on the same documents. We’re excited to see how teams continue to leverage Revu and Studio to break down the barriers of what is possible with project communication.”

Revu Mac is available in English directly from Bluebeam and through a global network of Bluebeam Authorized Resellers on April 12, 2016. Localized versions of Revu Mac will launch before the end of the year. For more information, visit www.bluebeam.com.


About Bluebeam, Inc.

Bluebeam’s innovative desktop, mobile and cloud solutions push the limits of digital collaboration to enable professionals, who work in the most document-intensive industries, to do what they do, better. Bluebeam’s award-winning PDF solutions are used by the world’s top architectural, engineering and construction firms, oil and gas companies, manufacturers, government agencies and municipalities to reduce paper usage by more than 85% and to increase productivity by over 60%. The Bluebeam Account Services team and global reseller network have been solving customer challenges in over 100 countries for more than a decade. Visit www.bluebeam.com for more on why Bluebeam is changing the status quo and setting a new standard. Bluebeam, Inc. is part of the Nemetschek Group.

Austin-area home values jump again

Home values are up 9 percent on average in Travis County this year, with the average market value of a property with a homestead exemption increasing to $387,537 from $355,312 in 2015. That likely means higher taxes for homeowners, although taxing entities such as the city of Austin and local school districts have yet to set their new tax rates.

That’s slightly less than last year when average home values increased 11 percent, the Austin American-Statesman reported. The values are based on preliminary numbers from Travis Central Appraisal District and could change.

Total taxable value for Travis County in 2016 is $164 billion, up from $137 billion last year, which a TCAD official attributed to an increase in commercial values.

Housing affordability remains one of the most-cited issues facing Austin, along with traffic congestion. With the population boom showing no sign of slowing,both are expected to worsen unless government and business leaders can do something to reverse the trends.

Source: Austin Business Journal,
Will Anderson

Strokes of Genius: The Best of Drawing entry deadline Apr 15th!

StrokesofGenius

Have you made impressive strides in technique or created work you’re exceptionally proud of this year? If so, it’s time to submit your best to Strokes of Genius 9: Creative Discoveries for a chance to see it featured in North Light Books’ newest hardbound collection!

North Light Books is looking for the best of the best in a variety of styles and subjects that captures the spirit of this year’s theme.

And you can submit in any dry medium that would be traditionally considered drawing. This includes-but is not limited to-pencil, charcoal, Conté crayon, pen and ink, scratchboard, silverpoint, colored pencil, pastel and even some wet paint mediums if used in a linear or sketchy manner.

Enter by April 15 for a chance to see your art in print!

EnterToday

Fine Art Reproduction Seminar a Success!

Thanks to all who attended our second Fine Art Reproduction Seminar this past Saturday. We had about 13 people and it was a great success! We thoroughly enjoyed meeting everyone, and look forward to assisting them with their upcoming reproduction projects.

Miller IDS’ Featured April Artist

EL TORERO RGB ADJ2 crop_600wThis month, we are pleased to feature the artwork of Javier G. Corona, the founder of another multi-generational Austin business. Javier and his wife, Amelia, founded Austin’s beloved Las Palomas Restaurant in 1983. He was a sensitive and talented artist; he painted, wrote poetry, composed music, played the guitar and designed his family’s homes in both Mexico City and Austin.

Born in 1927 in Mexico City, he studied accounting, advertising, and art at universities in Mexico City and New York City. After graduation, he spent three years in Canada, working for the Mexican consulate in Montreal, then moved back to Mexico, where he worked for the American Embassy in Mexico City for 28 years in the office of the cultural attaché, responsible for promoting American music, dance, and visual arts and traveled extensively. Upon retirement, the American government honored him with permanent U.S. resident visas for his family and they chose Austin as their new home.

Javier passed away in 2003, and his daughter MariCarmen Corona Dale now runs the restaurant. Some of Javier’s paintings may be seen at Las Palomas, including many painted during his Abstract Impressionism phase, such as “El Torero” featured here. He is remembered as an exceptional husband, father, son, brother, grandfather, friend, artist and – always – a gentleman.