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Procore Makes Mark on Downtown Austin

A construction technology company based in California has made its mark, literally, on downtown Austin.

Procore put its name on 221 West Sixth Street. The 21-story former Chase Bank Tower is now Procore Tower, the Austin Business Journal reported.

Procore leases almost 107,000 square feet across four floors of the building, which CIM Group owns and manages. The firm celebrated its namesake building with a cake replica.

WeWork and insurance company Marsh Wortham are tenants of the building, which is about 90-percent leased, the outlet said, citing Cushman & Wakefield. The building is also home to the Headliners Club.

J.P. Morgan Chase moved its Austin office a few blocks away to 405 Colorado earlier this year.

Procore’s Austin office opened in 2007 with two people, and it first leased space at 221 West Sixth in 2016, when it had 50 employees. Now the firm, led by CEO Tooey Courtmanche, has 700 employees in the Austin area, and it’s continuing to grow, Procore exec Scott Moitoza, told the outlet.

The firm was founded in 2002, and it went public on the New York Stock Exchange in 2021.

Here’s what else is shaking in Texas real estate:

Granite Properties will have a new CEO come Jan. 1. The Dallas-based firm appointed Will Hendrickson, currently a senior managing director and Granite’s Dallas market leader, to the top job. Hendrickson will take the reins from founding partner and CEO Michael Dardick. Granite was founded in 1991 and is known for developing office and mixed-use in Dallas, Atlanta, Boston, Denver Houston, Nashville and Southern California. Among its trophies is the Granite Park office complex in Plano.

Granite is also making these leadership changes as of Jan. 1: CIO Bill Brown will be promoted to president and continue his role as CIO. Paul Bennett, currently senior director of investments, will succeed Hendrickson as senior managing director and Dallas market leader.  Jason Purvis, a senior managing director and the Southern California market leader, will add responsibilities as head of capital raising, reporting to CFO Ace Roman. Greg Fuller, Scott Martin and Sheryl Troiani will continue to serve respectively as COO, executive managing director, and chief administrative officer. 

Texas’ largest Century 21 franchise has moved into Central Texas. Century 21 Judge Fite Company, based in Dallas, has purchased Century 21 Icon in Waco, the Dallas Morning News reported. Aaron Tucker, the founder of Century 21 Icon, will lead the office. Century 21 Judge Fite did about $1.8 billion in transactions last year, according to the company.

JLL has hired Chris Higbie as vice president of healthcare and life sciences on the agency leasing team in Dallas. Higbie has four years of previous experience as a healthcare real estate broker with Colliers.

Months after restructuring itself as a holding company, Howard Hughes Holdings has spun off an entertainment division. The Woodlands-based company, known for its master-planned developments, launched Seaport Entertainment, led by CEO Anton Nikodemus, the Houston Business Journal reported. Seaport Entertainment will encompass the Seaport in lower Manhattan, which Howard Hughes Developed as well as the Las Vegas Aviators Triple-A Minor League Baseball team, Howard Hughes’ stake in Jean-Georges Restaurants and its 80 percent interest in the air rights above Fashion Show Mall in Las Vegas.

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