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Global pharmaceutical giant Merck finalized plans in July to create a technology center in Austin with 600 new jobs. Stakeholders in the Dell Medical School at the University of Texas at Austin think the announcement is the first of many proving Austin's position as a medical hub for innovation. 
“We promised [Dell Medical School] would create new jobs. Merck is coming to Austin and we were right,” Texas Sen. Kirk Watson said at Bisnow's Austin Healthcare Landscape event on Thursday. “The vision that has been embraced is paying us…
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Texas Economy Stands To Lose $9.2B Under New Sanctuary City Law, Study Finds
The Texas economy could lose between $9.2B and $13.8B under the "sanctuary cities" law that goes into effect Sept. 1. On Tuesday a coalition of business leaders, city officials and immigration advocacy groups presented the analysis at the George R. Brown Convention…
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The Rise Of The Prefabricated BuildingDevelopers, general contractors and subcontractors swap stories that sound too good to be true about prefabricated construction: a student housing project that cut its delivery time by a third or a hospital that installed hundreds of bathrooms in three days with only five laborers. Though the practice of off-site construction dates back thousands of years, the last real estate cycle has pushed prefabricated construction to prominence. |
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Hotel Performance Remains Strong In Q2 Despite Incoming SupplyThe U.S. hotel market has fared well the first half of the year, recording two consecutive quarters of strong fundamentals. A recent study by STR shows in Q2 2017, the occupancy rate at hotels nationwide was up 0.5% to 69.5% compared to the same time last year. "If you think about where we are in the cycle, occupancies are really high," STR Senior Vice President of Operations Bobby Bowers said. |
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JLL Q2 Earnings Slip, But Beat Wall Street EstimatesCommercial real estate brokerage and services firm JLL took a hit on year-over-year net income in Q2, but that does not reflect weakness in the firm's revenue. 
The Chicago-based company's net income dropped 35% to $8.9M (or $1.71 earnings per share) in Q2, down from $13.7M (or $1.82 EPS) during the same period in 2016. JLL attributed the decline in profits to increased investment activity concentrated in European and…
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