Bankruptcy auction impasse leaves prime downtown Austin real estate in limbo


For months, an embattled Austin real estate investor has been buying back properties that had fallen into bankruptcy. He's using a holding company called Rising Tide Investments. While some of those bankruptcy auctions have closed, at least one sale won't move forward. Here's the latest on a prime downtown development site right next to the Austin Convention Center that's currently home to Brazilian steakhouse Fogo de Chão.

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