Your Marketing Source For Texas Commercial Real Estate Reaching 100,000+ QUALIFIED Commercial Real Estate Brokers, Investors, Developers & Commercial Service Providers
Several huge industrial projects are under construction in Austin, but the type of buildings being delivered likely won’t help users with smaller needs.
That’s the conclusion of Troy Martin, an associate with NAI Partners in Austin.
Click to read more at Austin Business Journal.
Here’s a look at the 10 largest apartment communities under construction in Austin or opening soon, according to Austin Investor Interests LLC.
Click here to read more at Austin Business Journal.
Amy Wanamaker is a Texas native but New Orleans runs deep in her soul. Her father’s career in the oil and gas industry took the family from West Texas to New Orleans when she was 9 years old.
“We lived on the West Bank. It’s the highest point in town and it was a fascinating time in a place with a very European culture,” Wanamaker recalled. “There was a genteelism that was very prevalent. We were taught to show great respect to everyone.”
The racial diversity was deeply embraced, she said. Acting mature also was required.
“We grew up around adults,” she said.
Click to read more at Austin Business Journal.
WeWork has raised $760 million in a new series G funding round.
According to documents filed publicly with the Delaware Secretary of State, the New York-based co-working space provider issued 13.2 million new shares of preferred stock at a price of $57.90 apiece.
Click to read more at Austin Business Journal.
Trio of sales indicative of investor demand
SAN ANTONIO – July 13, 2017 – By year-end 2017, San Antonio hotels are forecast to see a revenue per available room (RevPAR) increase of 3.9 percent, more than the national projection of 3.0 percent, according to data from CBRE Hotels’ Americas Research.
The RevPAR increase is the result of an estimated 1.3 percent occupancy increase and a 2.6 percent gain in average daily room rates (ADR), according to CBRE Hotels’ Americas Research. San Antonio market occupancy rate levels are forecast to range from 62.4 percent for lower-priced hotels to 70.2 percent for upper-priced hotels in 2017.
“With Houston’s market still in decline, and the Austin and Dallas-Fort Worth markets flattening out due to large hotel room supply increase, San Antonio is becoming a more attractive destination in Texas for hotel investors. A very small new hotel room supply pipeline and increasing hotel demand will help drive hotel RevPAR growth for the next few years,” said Michael Yu, senior vice president, CBRE Hotels.
Click to read the rest of this Press Release.
Since 2010, no other part of the Austin area has added housing units faster than Hays County.
According to data from the U.S. Census Bureau’s annual Population Estimate Program, Hays County’s housing stock grew by 26.3 percent from 2010 to 2016, up 15,760 to 75,482 units.
Click to read more at Austin Business Journal.