AUSTIN NEWS UPDATE

Helen Jobes, CCIM April 15, 2018 Marketing & Investment Sales

What Is The ‘Richest’ Zip Code In Austin No. 1 Again On Revered 'Best Places To Live' List Austin? ABJ – 4/10/2018 Austin American Statesman – 4/11/2018 For the second year in a row, Austin is the best place to live in the United A zip code including the affluent States, according to U.S. News and World Report. That means a lot to neighborhoods of West Lake Hills and Realtors, chamber officials and others who want to continue to position the city Rollingwood was named one of the for a global audience as the place to be. The capital took the top spot in “richest” by Bloomberg. Zip code 78746 is the magazine's 2018 edition of its Best Places to Live in the U.S. list, which mostly bound by , Bee Caves ranks major metro areas on a number of factors including unemployment, Road, the and Mopac, annual household income, cost of living, education, health care and migration. although portions stretch east of the highway to include areas like Zilker More…

Park. Regionally, 78746 ranks No. 12 in the south, and No. 73 nationally. Plans Change For Waterfront High-Rise On 'Snoopy PUD,' More… Which Will Replace Hooters Near

ABJ – 4/12/2018 Bucks Industry Trend, Sees PC Sales Growth In 1st Quarter

Austin American Statesman – 4/12/2018

Round Rock-based Dell Technologies bucked the first quarter trend with its PC sales, seeing them grow by 6.5 percent while overall worldwide shipments declined, according to new industry data. Dell shipped 9.88 million PC units in the quarter, a 6.5 percent increase over the same quarter last year, when it shipped about 9.3 million units, according to tech industry research firm Gartner Inc. Dell also increased its global market share It’s been two years since Stream Realty Partners LP proposed to redevelop from 14.8 percent in the first quarter of the 1.4-acre site where a Hooters restaurant sits just south of , 2017 to 16 percent in the first quarter this and now the developer is closing in on zoning changes it needs for a high-rise year, according to Gartner. office tower near downtown. More… Stream Realty is negotiating with the city on zoning changes that would allow it to build a denser and higher development than what’s currently allowed for the Walmart Plans $277 Million Texas site — which is owned by the family of the famed “Peanuts” cartoonist Charles Investment In 2018 Schulz. The proposed planned unit development, nicknamed the “Snoopy PUD,” would allow Stream Realty to build up to 195 feet tall instead of the Austin American Statesman – 4/11/2018 current 60-foot height restriction and the floor-to-area ratio would also bump up

Walmart says it will invest $277 million in to 6:1 from 2:1 currently. Plans have also changed and now there are no residential units involved and the office square footage has grown to 289,000 Texas this year, with plans to remodel square feet. more than 40 stores, build four new stores and add a number of in-store and online More… tools. Austin Office Market Keeps Humming Along The retail giant’s plans include remodeling four Central Texas Walmart stores — one Austin American Statesman – 4/10/2018 each in Austin, Marble Falls, Boerne and Kerrville. In Austin, the remodel is The Austin-area office market kept rolling in the first quarter, with rents for top- planned for the Walmart store at 710 E quality space at a record high and the occupancy rate also up from a year ago, Ben White Blvd. Walmart plans to spend the latest figures show. more money in Texas than any other state this year, said Walmart spokeswoman In its latest quarterly report, commercial brokerage Cushman & Wakefield Anne Hatfield. Austin said rents for Class A space rose, on average, to $39.93 a square foot per year. That’s an all-time high, and up from $37.86 per square foot in the first More… three months of 2017. The occupancy rate for Class A space averaged 90.3 percent, up from 90.1 in the year-ago quarter, the report said.

‘Apple Store For Sleep’ Coming To More… Domain Northside

Austin American Statesman – 4/11/2018 Oracle Plans To Nearly Double Size Of Austin Campus

Amerisleep, which calls itself the “the Austin American Statesman – 4/11/2018 Apple Store for sleep,” is coming to Austin. The company will open its first Texas store Oracle’s massive Austin waterfront campus is about to get even bigger. In on April 21 at Domain Northside, 11800 March, Oracle moved into its new, five-story building in Southeast Austin that Domain Drive, just a short distance from spans more than half a million square feet and overlooks Lady Bird Lake. the “real” Apple Store. Now, new plans filed with the city of Austin show just how much larger the corporate campus along South Lakeshore Boulevard is about to get. “We strategically selected Austin for our first out-of-state store because we love the The city documents show that the company’s plans for a second phase would city, its innovation-minded people and its add 420,000 square feet to the existing building, which has 560,000 square business-friendly atmosphere,” Firas feet of space. The plans are awaiting approval by the city. Oracle, the Kittaneh, the company’s CEO and creative second-largest software company in the world, has not said when it plans to start construction on the expansion. director, said.

More… More…

Torchy’s Tacos Is Coming to St. Elmo Public Market Construction Underway; Developer Reveals First Tenants Downtown Austin

ABJ – 4/13/2018 AustinEater.com – 4/6/2018

Torchy’s Tacos is opening its first-ever Construction is downtown Austin location. It’ll be found in underway on a trendy the Northshore apartment complex on 110 public market in South San Antonio Street. It’s pegged to open Austin — and nearly before the end of the year. Dubbed half of its 40,000 Torchy’s Tacos Northshore, the menu will square feet of retail feature the usual array of tacos, queso, space is pre-leased, street corn, and desserts. according to the developers. More… By this time next year, the hip and highly-curated St. Elmo Public Market will be open, said Austin Homebuilder Eyes Statewide Brandon Bolin, partner with Addison, Texas-based Maker Bros. Inc. who’s Growth After Acquisition By developing the $250 million mixed-use project. Crews have started remedial Clayton Properties work on the 12.5-acre site on the south side of Ben White Boulevard, bound by Avenue and Saint Elmo Road. Construction on the second ABJ – 4/10/2018 phase of the project, a 385-unit apartment complex, will start sometime in the first quarter 2019. With the financial clout of a national homebuilding company that's part of the More… Berkshire Hathaway empire at its back, an

Austin-based production builder has From Large Estates To Apartments, Round Rock Paves Way ambitious plans to move into other Texas For More Housing markets — and has more land locked down in Central Texas for new ABJ – 4/13/2018 developments. Hundreds of housing units — ranging from large estate lots to multifamily Brohn Homes, has been acquired by apartment buildings — could be on the way to the edges of Round Rock after Tennessee-based Clayton Properties the suburb's City Council approved a pair of major residential zoning changes Group. Though Brohn has been strictly Thursday night. Council voted to allow high-density residential development focused on the Austin market, and has on about 11.6 acres near Bass Pro Drive and North Mays Street owned by four new parcels of land under contract for Simon Property Group. its next phase of local growth, the company is already eyeing a land deal in The land-use layout for the site would allow hundreds of housing units. Four- to San Antonio that it hopes to close by the five-story apartment buildings would be located on a 6.8-acre parcel, which end of the year. would have a minimum density of 35 units per acre. Another 2.4-acre parcel would also be multifamily, but only include two-story apartments. The third More… parcel would feature amenities such as open space, a dog park, a swimming area and a food truck plaza.

Google Leads $8M Funding For More…

Austin's PullRequest, To Make Software Coders' Lives Easier Several Leases Signed for Austin Office and Retail ABJ – 4/13/2018 ConnectMedia – 4/13/2018 PullRequest Inc., an Austin-based startup Austin-area brokers negotiated the following office and retail leases: that helps software coders catch bugs in their programs before they're released, • Ps Tarrant Inc. renewed 22,732 square feet at 2315 Rutland Dr. has raised $8 million to hire more people • Cta Inc. leased 15,400 square feet at Westview, 316 W. 12th St. and to develop new products. The series • Virtuoso Selections renewed its 12,388-square-foot lease at 2101 E. St. A round was led by Gradient Ventures, an Elmo Rd. artificial intelligence-focused investment • Dco Inc. leased 11,545 square feet at 2200 Denton Dr. fund run by Inc. • Adaptive Insights Inc. leased 9,432 square feet at 3815 S. Capital of Texas Hwy. More… • IBM leased 6,259 square feet at 823 Congress.

• Signature Science leased 5,230 square feet at Reunion Park, 8501 N. Sterling Acquires 230-Unit MoPac. • Tio Pepe’s Chicken leased 1,482 square feet at The Linc, 6406 Interstate Apartment Community in Austin 35. REBusiness Online – 4/11/2018 • The Greentree Group leased 2,115 square feet at Centre Creek Plaza, 1812 Centre Creek Dr. Sterling Real Estate Partners, a joint • Mist Systems leased 1,612 square feet at 260 Addie Roy Rd. venture between Los Angeles-based Barker Pacific Group and Pacific Real More… Estate Partners (PREP), has acquired Valley Apartments, a 230-unit multifamily community in Austin. The Even More Dirt Turning At 1,700-Home Community In property was built in 2001 and features a Georgetown As Construction Ramps Up fitness center, business center, basketball ABJ – 4/12/2018 court, playground, swimming pool and spa. Sterling plans to upgrade the The developer behind a large master-planned community transforming a swath property’s landscaping, signage, of Georgetown is making progress on construction of the 755-acre project. clubhouse and kitchens. More than 100 homes and 635 apartments have been built, and additional housing is on the way. Called Wolf Ranch, the community will eventually have More… 1,700 single-family homes and 900 multifamily units over the next decade, plus a new Georgetown Independent School District elementary school. Lead Space Engineer Puts $6.9M developer Hillwood Communities plans to complete site prep and infrastructure groundwork on phase two of the project early this summer. Mansion Up For Sale; Sets Pricing Record For Austin Suburb More…

ABJ – 4/10/2018

Troy Rodriguez has spent his career Construction Imminent For Transformative Kalahari Resort, making parts for space satellites and Convention Center In Round Rock military aircraft — so when it came time to ABJ – 4/13/2018 build his home, the engineer and co- founder of Sierra Microwave Technology Kalahari Resort and Convention Center will break ground next month after LLC poured the same meticulous planning Round Rock City Council approved Thursday night the zoning changes into constructing a practically disaster- necessary for the project — which is proof, 10,000-square-foot mansion. When sure to make a splash in the area's Rodriguez’ home is listed within the next convention and tourism scenes. The week at an asking price of $6.9 million, it $350 million project across from the will be the most expensive property in and Old Settlers Park Georgetown ever put on the multiple will include a 975-room hotel, a listing service. 150,000-square-foot convention center and amenities ranging from More… water slides to an Italian restaurant. Round Rock City Council voted to rezone about 340 acres east of Kenney Fort Boulevard south of U.S. Highway 79 into Kalahari's planned unit development, which will host the resort, hotel and Southwest Airlines Adds conference center. Nonstops From Austin To 3 New More… Cities

Austin American Statesman – 4/10/2018 Amphitheater That Holds 10,000 To Be Built In Hutto Park Southwest Airlines has launched new Austin American Statesman – 4/11/2018 nonstop flights between Austin and three cities. The Hutto City Council has approved spending $3.4 million to build an amphitheater able to accommodate at least 10,000 people in a city park that This week marks the debut of the discount will host multiple events, including a series of country music concerts. carrier’s service between Austin-Bergstrom International Airport and San Francisco; The city is paying for the construction with certificate of obligation bonds Sacramento, Calif.; and Indianapolis, Ind. approved by the council in September. Construction on the amphitheater will The San Francisco and Sacramento flights start this month at a park at 1001 County Road 137 in Hutto and is expected to are daily, while the Indianapolis flight take about four months. The amphitheater area also will include a pavilion, operates only on Sunday. eight electrical hookups for RVs, park bathrooms, paved roads to

accommodate RVs and three new entrances. More… More…

Austin Restaurant Combo: Mama Fu’s To Buy Austin’s Pizza Nutty Brown Cafe To Drop At Least $10M For New Location In

Austin American Statesman – 4/13/2018 Round Rock

Two homegrown restaurant chains are ABJ – 4/10/2018

joining forces, with Mama Fu’s Asian Owners of the Nutty Brown Cafe and Amphitheater plan to spend more than House set to acquire Austin’s Pizza. You $10 million building their new site along I-35 in Round Rock. Round Rock City won’t be able to get pizza at Mama Fu’s or Council unanimously an order of egg rolls at Austin’s Pizza as a approved an economic result of the merger, but in the future the incentive agreement two chains will likely seek to locate side by Thursday night for the side, Austin’s Pizza owner J.D. Torian said. relocation of the Nutty They’re already in talks to do that at a new Brown Cafe and development in the works in the Amphitheater. Nutty Georgetown area. Brown will be located More… on about 18 acres of Round Rock's McNeil Park, which is close to In The Money April 9: Five Austin- the southeast Area Companies Raise $133 Million intersection of I-35 and University Boulevard. That's just south of the University Oaks Shopping Center ABJ – 4/9/2018 anchored by an IKEA store. Led by a new cryptocurrency company, five Austin-area businesses raised $133.3 Nutty Brown agreed to have 40 employees by the end of its second year and million this past week. spend at least $10 million constructing the facility. In return, the city will waive • In what might preview an initial coin $30,000 in development fees and rebate Nutty Brown's property tax payments at varying rates over the project's first five years. offering, Austin-based Intangible Labs Inc. raised $125 million from 225 investors in a More… simple agreement for future tokens. • Klaris Corp. obtained about $3.5 million in equity funding from 10 investors. UT Seeks Construction Firm To Expand Longhorns Football • A year after raising $3.5 million, Olea Stadium Networks Inc. collected $3.1 million in ABJ – 4/13/2018 equity funding from 14 investors. • Core 20/20 LLC obtained $1.5 million in The University of Texas has issued a request for qualifications to construction equity funding from one investor. companies that can renovate and expand Darrell K. Royal-Texas Memorial • CipherLoc Corp., a Buda-based Stadium. cybersecurity firm, raised $209,000 in equity and other types of funding. The stadium, home to the UT Longhorns football team and ranked as the eighth-largest stadium in the U.S. with a capacity of more than 100,000 fans, is More… in line for a $140 million boost. That's the preliminary cost estimate laid out in

the RFQ. Responses to the RFQ are due May 7, and UT plans to issue a

request for proposals — or RFP — on May 16. Construction could start as early as next year. Did You Know?

 Within Texas you can visit Venus, More…

Athens, China, Dublin, London, Detroit, Paris, Italy, Miami, Turkey, San Diego and Reno.  Austin was one of the top U.S. markets for large (250,000 SF or more) office leases in 2017.  Total passenger traffic at ABIA for February 2018 was 1,008,052, up 13.9% compared to February 2017.

Are you looking to buy or sell Helen Jobes, CCIM commercial property? Our goal is to achieve maximum return for every Capella Commercial property, for every client! 512.617.6336 office 512.422.9214 cell Click here to Subscribe! [email protected] Click here to Unsubscribe 6836 Bee Cave Road, Suite 330 Austin, Texas 78746