Austin's Growth Is Creating Suburban Boomtowns
June 8, 2016

Austin's Growth Is Creating Suburban Boomtowns

By all accounts, Austin is booming. A mix of strong population growth and a healthy job market has created a city that has to grow up and out just to accommodate the people already living here. Fourpoints Investments director of multifamily investments Kevin Dufour breaks it down for us at Bisnow's multifamily event in Austin on June 29. Join us to get the full lowdown on multifamily development, and read on for a preview.

Kevin tells Bisnow that 14,500 new units are expected to be delivered in Austin in the next 12 months, and about 7,800 are about to go under construction. So far, Austin is keeping up with absorption. Multifamily developments have about 94.1%…

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All 4 Major Texas Cities Make List Of Most Overvalued Real Estate Markets

CoreLogic, a real estate analytics firm, gathered data on the 10 most overvalued housing markets in the United States, and four of the top 10 were in Texas. Austin and Houston were No. 1 and No. 2, respectively.  Austin is…

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Demand For Medical Real Estate In Austin And San Antonio Growing And Changing

Texas is home to three of the fastest-growing counties in the nation: Bexar, Travis and Williamson. In San Antonio and Austin, new residents are arriving at a rate of about 150 people per day, according to the Census Bureau's 2014–2015…

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Float Like A Butterfly, Sting Like A Bee—Here's The Real Estate Of Muhammad Ali

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Click here for the full story.

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US Hotel Occupancy Drops For The First Time Since 2009

US hotel occupancy declined in the first quarter of 2016, down 0.5%—marking the first decline in occupancy since Q4 '09, according to STR.

The annual occupancy rate for both 2016 and 2017 is expected to decline as supply increases outpace demand growth, according to CBRE's June 2016 edition of Hotel Horizons.

“The first quarter decline in occupancy is a concern for US hotel owners and operators,”  CBRE Hotels' Americas Research senior managing director Mark Woodworth (pictured above left with PKF Hospitality Research's Robert Mandelbaum) says. “The industry has been on a good run for the past five years, and there were no obvious economic warning signs foreshadowing a decline in occupancy.”

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Houston Sales Rep Needed: $3k Referral Fee

Everything's bigger in Texas? Something the Lone Star State and Bisnow have in common—we're the largest commercial real estate platform in North America, and getting bigger. 

Bisnow's looking for a sales rep with three to five years experience to strap on their boots (and ten-gallon hat) for a spot in our Houston office. We're offering an extremely competitive base, commish and full healthcare benefits—so you can eat all the Tex-Mex your heart desires (until it fails, that is). Know anyone? We're listening. If we hire them, you get three grand. Just hold off on the "Houston, we have a problem" jokes. (Houstonians have heard it before. Trust us.)

For more information, contact Javier at Javier@bisnow.com.

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Bisnow Takes Its Talents Across The Pond!

Bisnow Media
 

Bisnow is making its long-awaited trek across the Atlantic with our expansion to London—starting July 4 (we'll bring the fireworks). Get ready for the chance to rub shoulders with real estate's movers and shakers in the Old Smoke.

Hurry up and subscribe to our London newsletter to avoid missing out on Bisnow's (almost) never boring events (launching in Jolly Old this fall) and read about the biggest news in the city. Responsible for any of that news? Email Cate Meredith, our London reporter on the ground.

For any sales and events inquiries, contact Natascha Bhuiyan.

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National 07.20.2016
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Bill Witte
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Austin 06.29.2016
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Three Men and a Baby was directed by Leonard Nimoy. Got news? Contact Catie Dixon at catie@bisnow.com