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Investor Survey: Optimism Rising As CRE Recovery Slowly Gains Traction
Cap Rates Expected to Hold Steady Or Decline in Most U.S. Markets Over Next Six Months According to PwC Survey Respondents
By: Randyl Drummer
3/23/2011
Investors are growing more confident that the commercial real estate industry is moving past the bottom of the cycle as the economy adds jobs and property fundamentals slowly improve, according to the results of the first-quarter 2011 PwC Real Estate Investor Survey. Tracking the expectations of survey respondents for the future performance of the office, retail, industrial and multifamily property sectors from 2011 to 2014, PricewaterhouseCoopers found that investors have a sense that, although real estate is recovering, the pace of the recovery in the U.S. economy has been slow and uneven at best.
Read more: http://www.costar.com/News/Article/Investor-Survey-Optimism-Rising-As-CRE-Recovery-Slowly-Gains-Traction/127413 |
City of Austin Making a Plan
By: Jacob Dirr, ABJ Staff
3/11/2011
The city of Austin is jumping on the facility master plan bandwagon, along with Austin Independent School District, Travis County and the Texas Capitol complex. A 12-month study, approved late last month by the City Council, could eventually pave the way for the city to buy and sell real estate assets. The city has about $1 billion in real estate holdings, according to a city memo.
Read more: http://www.bizjournals.com/austin/print-edition/2011/03/11/making-a-plan.html?surround=etf&ana=e_article |
Texas Economic Growth Moderate So Far in 2011
By: Barrett Goldsmith, Houston Business Journal
3/3/2011
The Texas economy grew moderately during the first six weeks of 2011, fueled by continued strength in the energy sector that led to an uptick in demand for staffing services, according to the latest Federal Reserve Bank of Dallas Beige Book report. The report, released March 2, said the manufacturing and non-financial services sectors mostly saw gains, and that the commercial real estate market improved slightly. However, the housing market remained sluggish, and severe weather dampened a retail sector that was otherwise flat or slightly improved.
Read more: http://www.bizjournals.com/austin/news/2011/03/03/texas-economic-growth-moderate-so-far.html?surround=etf&ana=e_article |
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Builders Rev Up Central Texas Projects
By: Austin American Statesman
3/25/2011
AUSTIN - MileStone Community Builders is banking on the housing sector recovering from the recession after announcing multiple housing developments in Central Texas. And they're not alone. The newly founded home builder expects to begin work on several projects this year, including a subdivision along East Riverside Dr. in southeast Austin. The $13.5 million community at Riverside and Faro Dr. will have 89 homes, with prices averaging around $175,000. Construction is slated to begin in October.
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Downtown Developers Getting Ready
By: Jacob Dirr, ABJ Staff
3/25/2011
A spurt of quiet real estate activity in downtown Austin is under way, a precursor perhaps to the next wave of development in the area. Although all the projects are in preliminary stages, it could be a signal that developers are taking their starting marks for a sprint once the economy fully recovers.
Read more: http://www.bizjournals.com/austin/print-edition/2011/03/25/downtown-developers-getting-ready.html?surround=etf&ana=e_article |
