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  • Cousins Properties to Acquire Trophy Lifestyle Office Property in Downtown Austin | Press Releases

    Cousins Properties to Acquire Trophy Lifestyle Office Property in Downtown Austin | Press Releases

    ATLANTA, Dec. 10, 2024 /PRNewswire/ — Cousins Properties (NYSE: CUZ) announced today that it is under contract to acquire 601 West 2nd Street, also known as Sail Tower, an 804,000 square foot trophy lifestyle office property in Austin, for a net purchase price of $521.8 million.  The transaction is expected to close in December, subject to customary closing conditions.

    Sail Tower is located near the Second Street entertainment district in Downtown Austin and offers unobstructed views of Lady Bird Lake.  It is just a few blocks away from Cousins’ existing 1.7 million square foot Downtown Austin office portfolio, which is currently 93% leased. Sail Tower was developed in 2022 and the office space is 100% leased to a Fortune 20 company (S&P: AA+) through 2038.    

    “We are thrilled to add this iconic office property, with a strong investment grade customer, to our Austin portfolio,” said Colin Connolly, President and Chief Executive Officer of Cousins Properties.  “Austin continues to exhibit strong demand fundamentals, attracting top talent and growing companies.  This exciting transaction enables Cousins to enhance the quality of our leading lifestyle office portfolio and is immediately accretive to earnings.”

    Please refer to the Investor Relations page of Cousins’ website for a presentation with additional information on the transaction discussed in this release.

    About Cousins Properties

    Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousins.com.

    CONTACT:

    Roni Imbeaux

    Vice President, Finance and Investor Relations

    404-407-1104

    rimbeaux@cousins.com

     

    Cision View original content:https://www.prnewswire.com/news-releases/cousins-properties-to-acquire-trophy-lifestyle-office-property-in-downtown-austin-302327587.html

    SOURCE Cousins Properties

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  • Elon Musk Has Secret Service-Like Security Team That Calls Him ‘Voyager:’ Growing Threats After Tesla Austin Factory Scare Have Led To The Richest Man In The World Leading An Increasingly Isolated Lifestyle

    Elon Musk Has Secret Service-Like Security Team That Calls Him ‘Voyager:’ Growing Threats After Tesla Austin Factory Scare Have Led To The Richest Man In The World Leading An Increasingly Isolated Lifestyle

    Tesla and SpaceX CEO Elon Musk, the world’s wealthiest individual with a net worth of $251 billion has been assigned the codename “Voyager” by his security team.

    What Happened: Musk’s security detail functions similarly to a small-scale Secret Service. The tech billionaire is protected more like a state leader than a corporate executive, with up to 20 security professionals accompanying him at times, reported the New York Times on Friday.

    They frequently carry firearms and have a medical professional on hand for the tech mogul’s assistance.

    As Musk’s wealth and popularity have increased, so have the threats against him. His security team has had to evolve to handle stalkers and death threats, a significant departure from the harmless fan messages he used to receive.

    The report indicates that Musk’s security expenses amount to millions of dollars each year, paid to various security firms including Gavin de Becker & Associates and his own private security company, Foundation Security.

    See Also: Mark Zuckerberg Live Event Sold Out Stadium: Meta CEO Attracted Thousands Eager To Hear Him Speak On ‘The Next Decade Of Social, Technology, And AI

    The report also detailed an incident where a man was apprehended near Tesla’s Austin factory, accused of planning a “mass casualty event.” Musk’s security was fully mobilized for the event, with over three dozen Tesla security officials stationed throughout the room.

    The report suggests that the threats to his safety have led Musk to become more fearful and his lifestyle more isolated. He is rarely without bodyguards, even when he is at his social media company, X, formerly Twitter.

    Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.

    Why It Matters: Musk’s security concerns have been escalating over time. In December 2022, he expressed agreement with a post on Twitter that he had become “public enemy number one to some very very bad people.”

    Previously, Musk has also revealed that his son X’s vehicle was followed by a “crazy stalker” who jumped on the car’s hood, thinking Musk was inside.

    In January 2023, Musk posted a seemingly sarcastic tweet about his possible death under mysterious circumstances after sharing an alleged note by Russian space agency chief Dmitry Rogozin that mentioned him and the Pentagon.

    Check out more of Benzinga’s Consumer Tech coverage by following this link.

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    Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

    Photo courtesy: Shutterstock

    Market News and Data brought to you by Benzinga APIs

    © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Uber to dispatch Waymo’s robotaxis in Austin and Atlanta next year

    Uber to dispatch Waymo’s robotaxis in Austin and Atlanta next year

    Ride-hailing leader Uber on Friday announced it will dispatch robotaxis built by driverless technology pioneer Waymo beginning next year in Austin, Texas, and Atlanta in a deal that deepens the bond between once-bitter rivals.

    The alliance expands upon a partnership the two companies forged in Phoenix last year, signaling they were ready to set aside their differences and work together following a bruising legal battle revolving around allegations that Uber had stolen Waymo’s trade secrets.

    Uber’s increasing reliance on Waymo’s robotaxis to supplement the fleet of cars driven by people responding to requests sent on a mobile app comes just a few weeks after it announced plans to deploy driverless cars from General Motors’ beleaguered Cruise subsidiary.

    It hasn’t been revealed yet where Uber and Cruise will be working together next year, but it probably won’t be in California, where Cruise’s license remains suspended f ollowing a grisly October 2023 incident in San Francisco that seriously injured a pedestrian.

    Unlike Cruise, Waymo so far hasn’t been involved in any major crashes or accidents that have sidelined its robotaxis, which are now giving more than 100,000 rides per week in San Francisco, Los Angeles and Phoenix, on its own ride-hailing app.

    But Waymo’s robotaxis will be responding to requests on Uber’s app in Austin and Atlanta next year, instead of Waymo’s own.

    Working through Uber’s already well established app in those cities signals that Waymo is looking at ways to introduce its driverless technology in new markets more quickly in an effort to make money to its corporate parent, Alphabet Inc., which also owns Google.

    Although Alphabet doesn’t disclose Waymo’s financial results, the robotaxi service is believed to responsible for most of the $2.15 billion in operating losses posted by its “Other Bets” division during the first half of this year.

    The cozy relationship between Uber and Waymo is a dramatic about-face from the legal bickering that culminated in the two sides agreeing to a $245 million settlement during a high-profile trial in 2018. The truce resolved a lawsuit alleging former Uber CEO Travis Kalanick conspired with former Google engineer Anthony Levandowski to steal Waymo’s self-driving car technology.

    Levandowski later pled guilty to criminal charges that arose from the civil lawsuit, but avoided an 18-month prison sentence in January 2021 when he was pardoned by President Donald Trump just before he left office.

    Uber subsequently sold the self-driving car division that triggered the theft allegations under current CEO Dara Khosrowshahi, after one of the company’s robotic vehicles killed a pedestrian in Tempe, Arizona, in March 2018.

    —-

    This story has been updated to correct the figure for the operating loss of Alphabet’s “Other Bets” division to $2.15 billion for the first half of 2024. An earlier version misstated the number as $4.6 billion.

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  • Women’s Soccer Stuns Austin Peay in Dramatic 3-2 Comeback Victory

    Women’s Soccer Stuns Austin Peay in Dramatic 3-2 Comeback Victory

    ST. CHARLES, MO. – On Sunday, women’s soccer hosted Austin Peay in a highly contested matchup. Lindenwood would come from behind to earn the 3-2 victory, playing down a player for 33 minutes. After the match, Lindenwood improved to 3-3 on the season. The Lions would have three different goal scorers in the match.

    OVERVIEW

    In the first half, lockdown defense would be the staple of the frame. Both teams in the half would be held off the scoresheet. In the frame, Lindenwood would outshoot Austin Peay 8-3. Austin Peay had the advantage in corner kicks, with eight, while Lindenwood had five. Caroline Ritter would make one save in the first 45 minutes.

     

    In the second half, Austin Peay would break the scoreless tie in the 50th minute of the match, scoring a header off a corner kick. Austin Peay would find the back of the net for the second time of the match in the 64th minute. Austin Peay’s second goal would come from a header off a free kick. With less than, 26 minutes left to go in the match, Lindenwood would trail 2-0. In the 68th minute, Lindenwood would be fouled in the box, leading to a penalty shot. Rachel Jackson would take the penalty shot for the Lions. Jackson’s penalty shot would be saved, but was able to collect the rebound, putting her next shot in the back of the net. With less than 22 minutes left to go in the match, Lindenwood would trail 2-1. In the 74th minute, Lindenwood would once again be fouled in the box, leading to a penalty shot. Georgia Pardalos would take the penalty shot, scoring the ball in the bottom-left corner. At this point, the Lions would be tied 2-2 with the Governors. With less than two minutes to go, the Lions would be fouled outside the box, leading to a free kick. Tasneem Dizdarevic would be the free kick taker for the Lions, taking a shot from long-range, notching the Lions third goal of the game and first lead of the match. In the final minute of the match, Austin Peay had one final opportunity to tie the match up at three with an indirect kick inside the box. Austin Peay’s shot from inside the box went high leading to a Lions goal kick, and a Lions victory. 

     

    Ritter got the nod in net, making three stops.

     

    QUOTABLE

    “In 19 years of being a head coach, that was one of the greatest efforts of heart I’ve seen out of my team. To go down 2-0 and play a player down, this win showed determination and grittiness. We have a very young talented group of ladies that are learning what it takes to win games at the college level,” said head coach Dave Musso.

    STATISTICAL LEADERS

    Points – Jackson (2), Pardalos (2), and Dizdarevic (2)

    Goals – Jackson (1), Pardalos (1), and Dizdarevic (1)

    Shots – Mackenzie Compton (5)

    Shots on Goal – Jackson (2), Pardalos (2)

    Minutes Played – Five individuals recorded 90 minutes.

     

    TEAM STATISTICS

















    		1 2 T
    Shots
    APU 3 8 11 (5)
    LWU 8 8 16 (7)
    Saves
    APU 1 3 4
    LWU 1 2 3
    Corner Kicks
    APU 3 5 8
    LWU 2 3 5
    Fouls
    APU 8 8 16
    LWU 7 5 12
    () Shots on goal.

     
     
    UP NEXT
    Lindenwood will take on Southern Illinois Carbondale on the road, September 8th, at 1:00 PM CT.
     

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