Financial giant shows what $100 million-plus can buy you in Austin office construction

Charles Schwab Corp. showed off progress Thursday on its new Austin campus. With one building completely renovated and more structures under construction, the area east of The Domain in North Austin will eventually have 469,000 square feet of office and amenity space.

The San Francisco-based brokerage and banking titan already has about 600 employees working on the site, with plans to move all of its 1,600 workers in Austin there next year, according to Community Impact. The campus will be able to accommodate up to 2,600 workers.

Click to read more at Austin Business Journal.

Dropping vacancy, more pre-leasing activity ahead for SA’s retail market

The less there is of something, the more people want it and the more they’re willing to pay for it. That basic principal will continue to directly apply to San Antonio’s retail market in the year ahead.

Limited development and rising demand will trigger plummeting vacancy rates in retail properties across the city, as retailers scramble for attractive space while developers pull back from delivering it.

Click to read more at San Antonio Business Journal.

Two Austin-area real estate projects rank among best in U.S., according to engineering publication

Two Austin-area developments have won the highest honors from Engineering News Record, or ENR. The 2016 Best of the Best projects are selected from regional winners and then chosen as the “top example of innovation and service to the community,” according to the trade publication’s website.

Both projects will be familiar to Austin Business Journal readers, as I’ve written about them extensively.

Click to read more at Austin Business Journal.

Hundreds of apartments, office tower cleared to rise just east of I-35

Plaza Saltillo, an East Austin mixed-use development that has been years in the making, won a critical final zoning approval March 2 from Austin City Council, clearing the way for construction to start within a couple of months on 800 apartments plus office and retail space just east of I-35 between Fourth and Fifth Streets.

Click to read more at Austin Business Journal.

Austin home to one of the nation’s ‘most important’ construction projects

Curbed, the real estate blog, recently featured “The 13 most important construction and development projects in the United States,” and Austin made the cut.

The list is based on subjective criteria of projects that “will fundamentally change their cities, whether by redeveloping a long-neglected area or debuting one of the tallest observation decks in the county.”

Click to read more at Austin Business Journal.

Downtown Austin office rents climb sharply as additional operating cost pile up

Tenants in downtown Austin office buildings have been loudly complaining about rising rents — not because of the original terms of a lease but because of increased property taxes and other operating costs passed on by landlords.

Cushman & Wakefield’s local office research team crunched the numbers and the outcome is startling.

Click to read more at Austin Business Journal.