The Central Austin Community Development Corp. wants to put a plan for a rail starter-line before voters this November.
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MEDICAL OFFICE MARKET OFF TO A POSITIVE START IN 2016 Conditions
Conditions improved in the San Antonio medical office market in the first quarter. Citywide occupancy
within the city’s inventory of more than 7 million square feet of medical-only office lease space
improved compared to the previous quarter and rents ticked up. Demand for medical office space
generated positive net absorption in the first three months of the year, reversing the negative
absorption trend that troubled the market last year.
Austin gains on San Antonio in tourism rankings
Austin ranks No. 15 on a new list of the top U.S. cities for meetings and events. That’s good news for Austin Convention and Visitors Bureau and its new chief, Tom Noonan, as they try to attract corporate event dollars.
Live near a Wal-Mart or Target? How the retailers impact property values
From the late-night grocery stops to the last-minute toilet-paper runs, convenience isn’t the only advantage homeowners benefit from in living near a superstore — but it depends on which name they neighbor.
According to a RealtyTrac report that looked at 27 zip codes throughout the San Antonio-New Braunfels area, homes near a Target (NYSE: TGT) posted stronger value appreciation and sales prices than homes next to a Wal-Mart.
Read more at San Antonio Business Journal.
Apple continues to pour thousands of jobs into Austin
Apple Inc. is reportedly on track to meet the goals of its tax incentives agreement signed in 2012 and worth $35 million over a number of years.
Austin’s booming Riverside Drive comes up short on retail
The rapidly gentrifying East Riverside Drive corridor presents tenants and homebuyers with a plethora of new housing options but the neighborhood has a significant drawback. There isn’t nearly enough retail to serve the mushrooming population.
Commercial real estate broker Jim Young, principal of Longbow Real Estate Group, has been studying the corridor on behalf of several clients and posted a blog on his website about the retail gap and potential investment opportunities.