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Austin News Update 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 Texas 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 Barton Creek, Bee Caves ranks major metro areas on a number of factors including unemployment, Road, the Colorado River 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 Downtown Austin ABJ – 4/12/2018 Dell 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 Lady Bird Lake, 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 South Congress 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 Google 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.
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