NAI REOC Austin | Austin Commercial Real Estate Blog

Austin leads nation in job creation since 2004

Austin ranks number one among the nation’s 50 largest metro areas in job growth over the past eight years. Its 140,200 new jobs represented a 21.3 percent increase from the start of 2004, which put it well ahead of second-place Houston, which had 15.7 percent job growth.

The nation’s top five major metro areas in job creation between the end of 2003 and the end of 2011: …Read Entire Post

U.S. Supreme Court rules against EPA in big win for property rights

The U.S. Supreme Court sided with landowners vs. the Environmental Protection Agency (EPA) in a case involving wetlands regulations….

…“Property rights are of enormous import to the hundreds of thousands of small business owners who rely on their property for the success of their businesses,” said Karen Harned, executive director of NFIB’s Small Business Legal Center. “In ruling today that individuals can challenge the EPA in court before being penalized or forced into compliance, the justices have assured landowners that their constitutional right to seek judicial review of government orders is inalienable. The extraordinary costs, administrative burdens and other punitive measures that can cripple small businesses are no longer an inevitability for the men and women of Main Street.”

Click to read the entire article: U.S. Supreme Court rules against EPA in big win for property rights (Business Journals, Washington Bureau, 3-21-12)

NAI REOC Austin's Bob Rein discusses Non-Core Markets

Bob Rein, CCIM, associate vice president with NAI REOC Austin, was quoted in the March/April issue of Commercial Investment Real Estate, the magazine of the CCIM Institute. Please read his comments in “Small(er) Markets, Big Opportunities.”

CCIMs have earned an internationally recognized professional designation that signifies their expertise in commercial investment real estate. …Read Entire Post

Build Your Business Through Social Media

Commercial real estate is all about relationships. So the industry’s interest in social media — a venue where relationship building is turbocharged — should be expected. Bob Rein, CCIM, associate vice president of NAI REOC Austin, was quoted in the January/February issue of Commercial Investment Real Estate, the magazine of the CCIM Institute. Please read his comments in “Build Your Business Through Social Media.”

Commercial building permits in Kyle perking up again

A burst of residential development as Kyle’s population grew fivefold during the last decade has waned. But 2011 data shows the city has been issuing commercial building permits at a quicker clip. The city issued 36 commercial building permits in 2011, and total taxable property has also increased from less than $1 billion in fiscal year 2007 to about $1.4 billion in fiscal year 2011. Of about 75 commercial projects in the works last year, most were in the restaurant and retail trades. More than 30 businesses opened last year including Panda Express, Little Caesars Pizza and CrossFit Kyle. Among the businesses that reported employment data to the city, 271 full-time jobs were created last year.

Click to read full article: Commercial building permits in Kyle perking up again (Austin American-Statesman, 3-11-12)

Apple to create 3,600 jobs in Austin

Texas Gov. Rick Perry announced March 9th that Apple will expand its operations in Austin with a $304 million investment in a new campus that will create 3,600 new jobs. The new campus will more than double the size of Apple’s workforce in Texas over the next decade, supporting the company’s growing operations in the Americas with expanded customer support, sales and accounting functions for the region.

Click to read the full story: Apple to create 3,600 jobs in Austin (Austin American-Statesman, 3-9-12) and for more information read Apple’s expansion in Austin will add 3,600 workers, says Texas Governor (REBusinessOnline.com_3-12-12)

Independence Title Acquires 45,000-SF Office Building

5900-2 Shepherd Mountain Cove

Independence Title Co. purchased 5900-2 Shepherd Mountain Cove. The 45,000-square-foot office building in Northwest Austin will serve as the company’s corporate headquarters starting in 2013.

Click to read full article: Independence Title Acquires 45,000-SF Office Building (GlobeSt.com, 3-5-12)

NAI REOC Austin's Josh Hubka named as a REDNews CRE Rising Star 2012

Congratulations to Josh Hubka, CCIM, for being named as one of REDNews CRE Rising Stars for 2012.

Home Trends & Designs moves Austin HQ

Home Trends & Design has relocated its North Austin headquarters to a larger space in Southeast Austin. The Austin-based wholesale furniture design and manufacturing company will move into a 71,000-square-foot building, located at 3910 S. Industrial Drive, which has 50 percent more warehouse space, a 7,400-square-foot showroom and larger corporate offices, company officials said Wednesday.

Click to read entire article: Home Trends & Design moves Austin HQ (Austin Business Journal, 2-23-12)

Work progressing on Ikea expansion, parking garage

Work is under way to add 54,000 square feet to the already cavernous 252,000-square-foot home furnishings store, with completion expected early this summer. A 300-car parking garage is being built to offset spaces lost to the expansion and should be ready by April, an Ikea spokesman said. There will be 1,200 parking spaces once the garage opens — the same number the store had before. …Read Entire Post

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