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Big building sales grind to a halt during pandemic
News 1 day ago
Big building sales grind to a halt during pandemic

Economic uncertainty is taking its toll on the Austin real estate market as brokers pull big buildings. Says one economist: "There is too much...

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Real estate rounded up: Dozens of deals recently done, including an apartment complex sale
News 1 day ago
Real estate rounded up: Dozens of deals recently done, including an apartment complex sale

Despite the coronavirus pandemic, dozens of real estate deals went down in Austin over the last several weeks. Here are the transactions that hit...

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Austin kills construction ban after Abbott's order
News 2 days ago
Austin kills construction ban after Abbott's order

This ends more than a week of uncertainty around whether commercial and residential construction can continue in Austin during the coronavirus...

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New construction in Austin being delayed — even though they have government's green light
News 2 days ago
New construction in Austin being delayed — even though they have government's green light

As the virus' economic fallout grows, and with a likely recession looming, what will happen to Central Texas' booming real estate market? Projects...

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Journal Profile: Former NFL lineman Jeff Novak now a prominent player in real estate
News 2 days ago
Journal Profile: Former NFL lineman Jeff Novak now a prominent player in real estate

In our weekly Journal Profiles, we strive to bring you information on a leader in Central Texas that you can't find on their LinkedIn page. This...

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Christus finalizes purchase of Central Texas Medical Center in San Marcos
News 2 days ago
Christus finalizes purchase of Central Texas Medical Center in San Marcos

Christus Santa Rosa Health System has finalized its purchase of Central Texas Medical Center in San Marcos for an undisclosed sum. The acquisition,...

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SoftBank pulls out of $3bn WeWork share buyout
News 2 days ago
SoftBank pulls out of $3bn WeWork share buyout

WeWork cofounder Adam Neumann and other investors are expected to sue over the collapse of the deal. This account isn't linked to a paid Austin...

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'The goal isn’t profitability': How Austin retailers are fighting to stay open, pay rent during pandemic
News 3 days ago
'The goal isn’t profitability': How Austin retailers are fighting to stay open, pay rent during pandemic

Restaurants and retailers aren't expecting to be profitable during the COVID-19 pandemic. They are just fighting to keep the doors open and their...

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As hotels plead for 'second' stimulus, Austin stares down $1.1B in likely loan defaults
News 3 days ago
As hotels plead for 'second' stimulus, Austin stares down $1.1B in likely loan defaults

Without federal intervention and relief, industry experts say the carnage will be widespread and result in instability in business and tourism...

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Music Lane developer proposes first downtown Austin hotel
News 3 days ago
Music Lane developer proposes first downtown Austin hotel

A New York-based real estate firm known for developing the new Music Lane project on South Congress is banking on the hospitality industry bouncing...

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Austin layoffs rounded up; 'Incredibly talented people' become job seekers during unprecedented pandemic
News 4 days ago
Austin layoffs rounded up; 'Incredibly talented people' become job seekers during unprecedented pandemic

Reports of layoffs at Austin-area companies continue to roll in from just about every business sector. Here are some that we've been tracking since...

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Landlord in Dallas offers free rent for restaurants, including some from Austin
News 4 days ago
Landlord in Dallas offers free rent for restaurants, including some from Austin

"No landlord has to do anything, so the fact that they're helpful is frankly very nice. It's more than anyone else has offered so far," said one...

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Austin leases 292-room hotel for city's coronavirus response
News 5 days ago
Austin leases 292-room hotel for city's coronavirus response

The city of Austin is leasing a North Austin hotel for vulnerable people to isolate and self-quarantine if they've been exposed to the coronavirus ...

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CA Ventures plans first Austin tower, on Brazos Hall site
News 5 days ago
CA Ventures plans first Austin tower, on Brazos Hall site

Details are beginning to emerge about a potential tower planned for a half-block in downtown Austin. Brazos Hall and an office building would...

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Scenes from a mostly empty downtown Austin amid coronavirus pandemic
News 6 days ago
Scenes from a mostly empty downtown Austin amid coronavirus pandemic

Many offices are empty. Sixth Street bars are boarded up. Streets and sidewalks regularly jam-packed with cars and pedestrians are quiet. The...

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Construction stopping at Indeed Tower in Austin; Others press on despite ban
News 1 week ago
Construction stopping at Indeed Tower in Austin; Others press on despite ban

Construction on the Block 185 tower off Cesar Chavez Street - which has been entirely leased by Google - on March 27. Construction pumps billions...

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Cheesecake Factory, affiliates won’t pay April rent because of coronavirus losses
News 1 week ago
Cheesecake Factory, affiliates won’t pay April rent because of coronavirus losses

One of the country's largest restaurant chains has sent a letter to its landlords saying it won't be paying its April rent due to significant...

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Austin OKs more restrictions on evictions during coronavirus pandemic
News 1 week ago
Austin OKs more restrictions on evictions during coronavirus pandemic

Austin will put more restrictions on landlords pursuing evictions in an effort to protect renters during the coronavirus pandemic and its...

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The List: Austin-area commercial real estate brokerage firms
News 1 week ago
The List: Austin-area commercial real estate brokerage firms

CBRE Group Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services...

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Halting construction to curb coronavirus could cause layoffs, loan defaults and 'horrible' effects
News 1 week ago
Halting construction to curb coronavirus could cause layoffs, loan defaults and 'horrible' effects

Construction pros explain in-depth why they're urging the city to reverse a ban on most construction. It's unthinkable to some to return heavy...

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Austin will offer loans of up to $35,000 to some businesses impacted by coronavirus
News 1 week ago
Austin will offer loans of up to $35,000 to some businesses impacted by coronavirus

Local businesses could soon get up to $35,000 in low-interest loans from the city of Austin to get through the coronavirus pandemic. Austin City...

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Hilton Austin owner warned of potential bond rating change amid coronavirus travel freefall
News 1 week ago
Hilton Austin owner warned of potential bond rating change amid coronavirus travel freefall

A major financial services company said this week that demand for lodging in the United States will be significantly down "through at least the...

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As businesses close, WeWork tries to lure workers back
News 1 week ago
As businesses close, WeWork tries to lure workers back

The headquarters of WeWork in New York on Nov. 18, 2019. The shared office space company is offering its workers $100-a-day bonuses to come to its...

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More development services go online in Austin amid pandemic
News 1 week ago
More development services go online in Austin amid pandemic

Austin is taking much more of its development services online amid the coronavirus pandemic. Development Services Director Denise Lucas announced...

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Austin startup The Guild sheds jobs as coronavirus pandemic hobbles travel sector
News 1 week ago
Austin startup The Guild sheds jobs as coronavirus pandemic hobbles travel sector

The Guild, an Austin startup offering short-term stays at luxury apartment complexes, has laid off 38 people, The Information reported. The startup...

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Trump, Patrick: US needs to get back to work 'in weeks'
News 1 week ago
Trump, Patrick: US needs to get back to work 'in weeks'

With COVID-19 cases rising in the U. S., President Donald Trump said he wants to restart the economy in weeks, not months. "We can't have the cure...

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Austin may limit landlords' eviction powers during coronavirus pandemic
News 1 week ago
Austin may limit landlords' eviction powers during coronavirus pandemic

The Austin City Council plans to expand protections against eviction, creating a 60-day grace period before eviction due to nonpayment, according...

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The coronavirus' impact on commercial real estate in Austin: Many tenants hitting pause on office space searches
News 1 week ago
The coronavirus' impact on commercial real estate in Austin: Many tenants hitting pause on office space searches

Austin has one of the strongest office markets in the country, but it isn't immune to a downturn as companies are faced with unprecedented COVID-19...

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WeWork braces for fight as SoftBank wavers on stock deal
News 1 week ago
WeWork braces for fight as SoftBank wavers on stock deal

The threat from SoftBank raised scores of questions, both for the future of WeWork and for the health of the Japanese group itself....

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Developer wanted to transform 79 acres in Lockhart
News 2 weeks ago
Developer wanted to transform 79 acres in Lockhart

Offices, shops, restaurants and residential development ranging from single-family homes to missing middle housing could rise on empty land on the...

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