Austin - San Antonio Q1 Wrapup
This year is off to a good start in central Texas. With booming industrial development and massive multifamily projects topping out all across the area, central Texas is set for a big year. But will the office market crash the party? Here are the numbers.
Office
Austin
Austin's overall vacancy rate rose to 9.7% in Q1 2017, and net absorption stood at negative 51K SF as of the quarter's end, following the more than 1.2M SF of positive absorption for the entire year in 2016. Austin citywide…
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Top stories on Bisnow.com
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Pollo Tropical Closing 30 Stores Across Texas, Tennessee And Georgia
Pollo Tropical will close all DFW, Austin and Nashville locations to focus on sister brand Taco Cabana. Both concepts are under Addison-based Fiesta Restaurant Group.
A spokesperson did not know how many employees were impacted by the closing of the 13…
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6 Restaurants Nominated For James Beard Best Design Award In 2017
Restaurants are often judged by the quality of their food, but the design and decor of an establishment are equally important.
From luxurious settings to eclectic designs, creating a welcoming environment for patrons requires more than just making the space comfortable. Restaurant design considers everything from the building code to efficient space use, and experts at the James Beard Foundation have nominated six North American restaurants for just that. These six are in the running for 2017's best design or renovation award.
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EB-5, Still Rife With Controversy, Likely To Be Extended Without Reform
The widely disputed visa program that grants green cards to foreigners who invest a minimum of $500K in U.S. developments in high-unemployment areas will likely be extended at the end of the week without reform.
Congress extended the EB-5 visa program in December through April 28, and experts say it is unlikely to be killed off — especially since the program created more than 35,000 jobs in 2015 alone, boosting the U.S. economy by $8.7B. One & Only Realty partner and international real estate attorney Edward Mermelstein said a lack of interest from the new administration may result in any major overhaul being placed on the back burner for a time.
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Albertsons Explores Possible Takeover Of Whole Foods
Supermarket chain Albertsons is exploring a bid for upscale grocer Whole Foods, according to people familiar with the matter.
Sources said Albertsons, owned by New York private equity firm Cerberus Capital Management, had a preliminary chat with bankers about a potential…
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Know A Rock Star Recent Grad Hungry To Prove Themselves? We'll Pay You For A Referral.
Do you know a smart, hard-working, passionate go-getter graduating from college this spring? Or perhaps they graduated last year ... and that flashy new job just ain't challenging them quite the way they had hoped.
Remind you of anyone? Bisnow might be…
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