AUSTIN-The state capital's international community has added corporations from India and Germany in a growing trend by overseas firms to select Austin for their US headquarters. The city's lure may help keep its market afloat in the event of a recession.
AUSTIN-American Metro/Study says there's a definite shortage of all housing types in Austin. Less than a month's supply had been on the market at the close of 2000. Over in San Antonio, where the economy's slowing, there's better than a month's supply of finished product.
AUSTIN-It's not nearly as bad as it seems in Austin, which is practically recession proof, says Transwestern's year-end report that prints today. Austin can thank its emergence in the global economy, strong semiconductor and software development industries and quality of life that keeps skilled college graduates in town.
FT. WORTH-Dell Computer insists it is moving ahead with a 500-acre Ft. Worth expansion despite this week's 1,700-employee layoff. There's also no sign that a 75,000-sf lease at Alliance is in jeopardy. But as reporters have learned this week, there's always the chance that it's not "the final answer.
AUSTIN-The city's east and southeast submarkets are faring the worst in the region for bulk warehouse product, according to a year-end report by NAI/CIP's Austin office. Still, it had been a record-breaking year around town, with absorption exceeding 2.5 million sf.
AUSTIN-It's not nearly as bad as it seems in Austin, which is practically recession proof, says Transwestern's year-end report that prints today. Austin can thank its emergence in the global economy, strong semiconductor and software development industries and quality of life that keeps skilled college graduates in town.
FT. WORTH-The Woodmont Co. had promised its operation would undergo a series of changes this year. The latest is marked with the appointments of two key executive leaders, one for Investment Services and the other Investment Sales.
AUSTIN-Schlotzsky's is looking to beef up its 21-restaurant Austin portfolio. The expansion plan comes with the news that its Sunset Valley eatery has broken a sales record for a 3,200-sf freestanding operation.
DALLAS-First Industrial is using a 49-acre buy in Pinnacle Park to jockey for positioning as an industrial developer in Dallas-Ft. Worth. Until recently, the Chicago-based firm had stuck to buying existing properties in the metroplex.
AUSTIN-It's been a relatively active week in the Austin-San Antonio leasing arena. Five deals for 57,957 sf have been sealed for office, retail and industrial buildings. Simplified Development has snagged the largest spot, 21,575 sf of industrial space along Austin's Metric Boulevard.