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Austin Top City for IT Talent, Report Says
By: Kansas City Business Journal
5/20/2011
Austin was ranked a top place to find information technology talent by site-selection advisory firm KLG Advisors.
The New York City-based company put Austin among nine metropolitan areas with a strong supply of IT talent, low competition and favorable employment costs. Austin is a frequent on "best of lists."
Read more: http://www.bizjournals.com/austin/news/2011/05/20/austin-top-city-for-it-talent-report.html?surround=etf&ana=e_article |
Thomas Properties Selling 272K s.f. Austin Office Complex
By: Austin Business Journal
5/19/2011
Mega real estate firm Thomas Properties Group Inc. is reportedly offloading 271,889 square feet of office space at its Research Park Plaza complex in Austin. The Los Angeles-based firm (Nasdaq: TPGI) - which the Austin Business Journal ranks No. 7 for commercial real estate development and No. 6 for management - put the properties on Research Boulevard up for sale this week, broker CB Richard Ellis confirmed. The property includes two, four-story buildings that are about 93 percent leased.
Read more: http://www.bizjournals.com/austin/news/2011/05/19/thomas-properties-selling-271k-sf.html?surround=etf&ana=e_article |
Texas Monthly Moving Back Downtown
By: Austin Business Journal
5/12/2011
Texas Monthly magazine is moving back downtown to a 21,610-square-foot space at 816 Congress Ave.
The Emmis Communications Corp. (Nasdaq: EMMS)-owned publication moved the University Park Development about two years ago. That property was recently handed back to lenders then sold.
Texas Monthly, founded in 1973, will move this summer to the recently-renovated Class A space about two blocks from the Capitol steps, a press release said. The 17th-floor office will house the company's 80 Austin employees.
Read more: http://www.bizjournals.com/austin/news/2011/05/12/texas-monthly-moving-back-downtown.html?surround=etf&ana=e_article |
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Tenants Shifting from Retrenchment to 'Growing Smart'
By: Mark Heschmeyer
5/11/2011
Tenants throughout corporate America are beginning to be less concerned about cost containment within their real estate portfolios and are shifting their focus from retrenchment to "growing smart," in which they are looking for ways to maximize space utilization and to increase productivity in 2011 and beyond, according to Jones Lang LaSalle as part of the results of its 2011 Corporate Real Estate Survey distributed at the CoreNet Global Summit in Chicago.
Read more: http://www.costar.com/News/Article/Tenants-Shifting-from-Retrenchment-to-Growing-Smart/128685 |
MARKET TREND: Austin's Office Market Sees Positive Net Absorption in Q1 2011
By: Costar Research
5/20/2011
Net absorption for the overall Austin office market was positive 326,491 square feet in the first quarter 2011. That compares to positive 329,200 square feet in the fourth quarter 2010, positive 284,712 square feet in the third quarter 2010, and positive 498,801 square feet in the second quarter 2010.
Tenants moving out of large blocks of space in 2011 include: Powered, Inc. moving out of 24,460 square feet at Capitol Tower; Apex Global Partners, Inc moving out of 15,000 square feet at Ladera Bend - Bldg One; and Assent LLC moving out of 11,243 square feet at Research Park Place Bldg 7.
Read more: http://www.costar.com/News/Article/MARKET-TREND-Austins-Office-Market-Sees-Positive-Net-Absorption-in-Q1-2011/128489 |
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Improving Job Market Ignites Sharp Rise in Apartment Rent
By: Julie Schmit
5/5/2011
Nationwide, rents started edging up last year after several years of little growth or even declines, market researcher Reis says. It predicts apartment rents will jump 4.3% this year, marking the biggest annual increase in four years. MPF Research, which also monitors apartment rents, expects them to rise more than 5% this year, says Greg Willett, MPF Research vice president.
Job growth is driving much of the increase. As more people get jobs, people who doubled up in homes during the recession, especially younger workers, move out on their own, says Ryan Severino, Reis senior economist. Many of those workers are choosing to rent rather than to buy, because of dropping U.S. home values and tight lending standards that make it harder to buy homes, Severino says.
Read more: http://www.usatoday.com/money/economy/2011-05-04-rental-costs-rise_n.htm?sms_ss=email&at_xt=4ddaae58edaf34d4%2C0 |
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