Austin | NAI REOC Austin Real Estate Blog

Wave of apartment development on the way

Austin’s sizzling apartment market is prompting developers to race to the starting gate with new projects. The development plans come as apartment rents have hit record highs and the occupancy rate has jumped to 96 percent.

Click to read entire article and review highlighted projects Wave of apartment development on the way (Austin Business Journal, 8-16-11)

Austin apartment maket among hottest in nation

With rents at an all-time high and occupancies rising, the Austin-area apartment market is among the healthiest in the nation right now and it could stay that way for a while, national and local real estate experts say.

Read entire article Soaring rents, occupancies have Austin apartment market among hottest in nation (Austin American Statesman, 8-12-11)

Economist: Austin economy keeps outperforming nation’s as a whole

Against the worst national economy in more than 60 years, the Austin area stands out as the best market in the nation.

Click to read the full article: Economist: Austin economy keeps outperforming nation’s as a whole (American-Statesman, 8-4-11)

Texas is top 10 among entrepreneur states

Texas ranked No. 9 in the nation for entrepreneurial activity, according to the State Entrepreneurship Index, a state-by-state measurement of entrepreneurial activity.

Click here to read the full article: Texas is top 10 among entrepreneur states (Austin Business Journal, 8-4-11).

NAI REOC Austin releases 2Q 2011 industrial report

Source: NAI REOC Austin

Austin’s industrial leasing market, totaling nearly 37.3 million square feet, has seemingly turned a corner and is headed in the right direction. …Read Entire Post

Austin named a top market for rental property investing

HomeVestors of America Inc. named Austin one of the top 25 best markets to invest in rental properties.

Click to read full article Austin named a top market for rental property investing (Austin Business Journal, 7-11-11)

Trader Joe’s sets sights on Texas

California-based specialty grocer Trader Joe’s Co. has set its sights on Texas. The Dallas Morning News recently reported that Trader Joe’s will be scoping out Dallas, Houston and Austin.

For more information, read Trader Joe’s is coming to Texas (Dallas Morning News, 5-3-11) and Trader Joe’s coming to Texas after all – blog (Austin Business Journal, 5-3-11)

Austin commercial foreclosures

Austin area year-to-date commercial real estate foreclosures fell 6 percent compared with the first five months last year, Foreclosure Listing Service Inc. reported.

A total 424 local commercial properties entered the foreclosure process between Jan. 1 this year and scheduled for the May auction, down from 451 the same period last year. The properties include retail centers and buildings, office, industrial, apartments and commercial land, among other.

For more information, read Austin commercial foreclosures down 6% (Austin Business Journal, 5-2-11).

Spear Street Capital buys University Park Office Tower

San Francisco-based Spear Street Capital recently purchased University Park Tower, an eight-story office building spanning more than 204,000 square feet located along IH-35 near 34th St. The office tower was foreclosed last June.

For more information, read University Park office tower sold (Austin Business Journal, 4-27-11)

Valeo buys central medical office building

Jefferson Building

Dallas-based Valeo Commercial Real Estate recently purchased the Jefferson Building, a 97,552-sf medical office building located in the Central medical district at 1600 West 38^th St. The four-story building was reportedly purchased for $13.5 million.

For more information, read Dallas-based Valeo buys $13.5 million building (Dallas Business Journal, 4-11-11).

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