Real Estate News
Austin's Lamar Business Park marked for redevelopment
A central Austin business park is set for redevelopment, a move that could transform the area with the construction of over 1,000 new apartments. The proprietors of Lamar Business Park, a 14-acre shopping and business center situated on the fringe of the North Loop neighborhood, have recently submitted a rezoning application to the city of Austin.
Towers Realty provides glimpse of latest Centro building
The Centro project, located at 1401 East 6th Street and developed by local investment firm Riverside Resources, is preparing to launch its second phase. Towers Realty has provided a preliminary overview of the forthcoming plans for this East Austin project, which will include both apartments and retail space.
Latest News
Austin seeks PRO to House Grant
By Austin Journal | Oct 26, 2023
The City of Austin is seeking up to $10 million in federal funding through the Pathways to Removing Obstacles (PRO) to Housing Grant. The funding, which is administered by the U.S. Department of Housing and Urban Development (HUD), aims to address barriers and boost affordable housing production and preservation.
Over 200 units of affordable housing to be added to Seabrook Square in East Austin
By Austin Journal | Oct 26, 2023
The City of Austin Housing Department has secured $74.5 million in construction financing for the development of affordable housing in East Austin. Teaming up with the NHP Foundation, Capital A Housing, and the Austin Housing Finance Corporation, the project, known as Seabrook Square I, will consist of a 204-unit multi-family development located at 2210 Pershing Drive, formerly known as 3511 & 3515 Manor Road. The construction for Phase I is set to begin in October 2023, with Phase II scheduled to start in 2024. Both phases are expected to be completed in 2026, according to a...
Austin Board of Realtors releases housing affordability report: ‘Our community must come together to address these decades-long challenges’
By Austin Journal | Oct 10, 2023
The Austin Board of Realtors recently released a report titled "The Truth About Austin's Missing Housing," which revealed a severe undersupply of housing in Austin. The study examined the affordability of two-person and four-person homes in Austin and found that there was a significant shortage of homes in both categories.
Austin finishes 7th in ranking of best places for renters to raise a family
By Austin Journal Reports | Aug 10, 2023
Austin ranked in the top 10 of the nearly 140 U.S. cities analyzed for their appeal to renters with children, according to a new study by the apartment-search website RentCafe.com.
Revised Wilson Tower plans 'more appropriate to provide an activated ground floor while remaining feasible in today’s environment'
By John Suayan | Apr 26, 2023
A proposed skyscraper in Downtown Austin that developers initially touted will earn the distinction as the tallest in the state upon completion is now slated to rise with lesser stories, Austin-based media outlets reported.
Huffines Liberty Foundation: ‘Florida serves as one example of how the Texas Legislature could reduce property taxes’
By Austin Journal Report | Nov 17, 2022
A recent research paper written by the Huffines Liberty Foundation analyzed the difference in property tax rates between Texas and comparable states, such as Florida. Don Huffines and Bill Peacock wrote that several websites say the property tax rate on owner-occupied homes is the sixth highest.
Wilson Capital founder: 'We are passionate about making a meaningful contribution to the city we call home'
By John Suayan | Nov 15, 2022
Local real estate development firm Wilson Capital revealed its plans on Monday to build what it asserts will be the tallest building in Austin and the state, per a report from Austin ABC affiliate KVUE.
Architecture firm proposes Congress Avenue residential tower: 'Having a structure that is new while including the old is special'
By John Suayan | Nov 4, 2022
If it receives the blessing of the Historic Landmark Commission (HLC), Austin-based architecture firm Clayton Korte will proceed with its plans to build new residential units and retail space on one of the state capital’s busiest thoroughfares, according to Austin ABC affiliate KVUE.
Meta on reducing office footprint in Austin: 'We are currently evaluating our real estate portfolio globally'
By John Suayan | Nov 4, 2022
The parent company of the world’s largest and most popular social media network said on Thursday that it won’t go forward with taking up residency in Austin’s newest skyscraper that’s currently under construction, Austin-based media outlets reported.
Abbott as Williamson County residents shoulder high tax rates: We will use '$27 billion surplus' to deliver 'largest property tax cut in Texas history'
By Andy Nghiem | Oct 21, 2022
High property tax rates have become an important issue in the State of Texas, particularly with the midterm election coming up on Nov. 8. Both candidates for governor, incumbent Gov. Greg Abbott and challenger Beto O'Rourke have promised action on this issue to lower the financial burden to Texas homeowners. In 12 of Texas' most populated counties, the median effective property tax rate is higher than the statewide figure.
Abbott: 'We will ... deliver the largest property tax cut in Texas history'; Travis County residents face rates higher than state average
By Laurie A. Luebbert | Oct 21, 2022
Texans labeled property tax rates as one of the key issues they want addressed, as Election Day is coming up on Nov. 8.
New name for Austin skyscraper under construction: 'Waterline marks a new milestone for downtown'
By John Suayan | Sep 7, 2022
A skyscraper that’s being built in Downtown Austin now has a name, per Austin-based media outlets.
Texas Public Policy Foundation: 'No matter how you slice it, Texans everywhere need property tax relief'
By Andy Nghiem | Jun 17, 2022
Austin's property tax levy grew faster than the preferred rate of growth from 2016 to 2020 and Vance Ginn, Chief Economist of the Texas Public Policy Foundation is advocating for the importance of reducing property taxes for all Texans.
Median home sales price continued to rise in the first quarter
By Press Release | Apr 22, 2022
The median sales price of Texas homes topped $325,000 in first quarter 2022, an 18.6 percent increase over the year, according to Texas Realtor's 2022-Q1 Texas Quarterly Housing Report.
TTARA: Austin property owners may face 'sticker shock' as home appraisals, property taxes surge
By Andy Nghiem | Apr 21, 2022
There have been renewed calls in Texas for property tax reform as property taxes across the state could surge up to 50% this year.
Office building slated for downtown Austin
By Press Release | Apr 15, 2022
Ivanhoé Cambridge and Greystar have broken ground on a 170,000-square foot office project.
Keller Williams expands to Saudi Arabia, hopes to become ‘most dominant real estate player in the region by 2025'
By Karla Florez | Apr 14, 2022
Keller Williams continues to expand in Asia with the grand opening of a new master franchise in Saudi Arabia.
Texas Realtors: Texas homebuyers more diverse, earn higher income than national average
By Press Release | Apr 11, 2022
Texas homebuyers are more diverse and earn slightly higher incomes than homebuyers nationally, according to the 2022 Texas Homebuyers and Sellers Report by Texas Realtors.