Rastegar Property Co. announced the purchase of 505 and 507 W. Live Oak St., Austin, on May 26. With the two new lots, the Austin-based property company completed a 2.5-acre property acquisition that began in September to build a mixed-use commercial and residential development. Other recent purchases for Rastegar include the Mueller Square Apartments and Oakview Terrace property in East Austin—both of which will be renovated. 512-729-7777. www.rastegarproperty,com