Austin's population continues to grow and with it, the demand for office space. In fact, the office market recorded its 26th consecutive quarter of positive absorption, according to NAI Partners. Austin unemployment remains significantly below the state and national rates, and equal supply and demand are bumping vacancy down, says the brokerage firm.—Lisa Brown
NEWS AND NOTABLES
ARLINGTON, TX—Coldwell Banker Commercial Advisors DFW hired a seven-year professional as an assistant vice president in an ongoing initiative to strengthen its retail business. Joining the team is Christopher Grubbs, most recently an associate with Weitzman Group. His background includes mortgage brokerage with Prime Lending, a Plains Capital Co., and as a research analyst for Mohr Partners.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
