Austin

E-commerce is here to stay and package management is a burden that property managers will be forced to deal with at increasing levels for the foreseeable future, says Michael Patton, Fetch founder and CEO.

Austin's multifamily market has continued delivery of new units, strong rent growth, occupancy and sales velocity, despite the economic turmoil caused by COVID-19, according to NorthMarq's report.

Lowe's Companies Inc. has signed a lease for 120,000 square feet in Kyle Crossing Business Park where it plans to open a distribution center, occupying approximately 60% of building one.

A housing shift is occurring in some cities as some people are trading urban living for the suburbs or rural areas, says Jadon Newman, founder and CEO of Noble Capital Group LLC.

The sales of Regency Park and Travis at the Lake were part of a unique situation that began as a discussion about refinancing, and then led to a value-add sale and 1031 exchange acquisition of another property.

Homebuilders and master-plan developers are buzzing, especially in suburban markets such as the tech/creative industry hub of Austin where there is a surge in buyers from both the urban core and out of state.

Auctane LLC, a wholly owned subsidiary of Stamps.com and operator of ShipStation, ShippingEasy, ShipEngine and ShipWorks, will become the first office tenant in The Grove at Shoal Creek.

In 2019, there were 321,000 units, but this year, there will only be 283,000, which is a 12% decrease, said a report by RENTCafe Blog.