Austin Journal

Latest News


Real Estate

Revised Wilson Tower plans 'more appropriate to provide an activated ground floor while remaining feasible in today’s environment'

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.


Real Estate

Huffines Liberty Foundation: ‘Florida serves as one example of how the Texas Legislature could reduce property taxes’

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.


Real Estate

Wilson Capital founder: 'We are passionate about making a meaningful contribution to the city we call home'

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.


Real Estate

Architecture firm proposes Congress Avenue residential tower: 'Having a structure that is new while including the old is special'

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.


Real Estate

Meta on reducing office footprint in Austin: 'We are currently evaluating our real estate portfolio globally'

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.


Real Estate

Abbott as Williamson County residents shoulder high tax rates: We will use '$27 billion surplus' to deliver 'largest property tax cut in Texas history'

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.


Real Estate

Abbott: 'We will ... deliver the largest property tax cut in Texas history'; Travis County residents face rates higher than state average

Texans labeled property tax rates as one of the key issues they want addressed, as Election Day is coming up on Nov. 8.


Real Estate

New name for Austin skyscraper under construction: 'Waterline marks a new milestone for downtown'

A skyscraper that’s being built in Downtown Austin now has a name, per Austin-based media outlets.


Real Estate

Texas Public Policy Foundation: 'No matter how you slice it, Texans everywhere need property tax relief'

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.


Real Estate

Median home sales price continued to rise in the first quarter

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.


Real Estate

TTARA: Austin property owners may face 'sticker shock' as home appraisals, property taxes surge

There have been renewed calls in Texas for property tax reform as property taxes across the state could surge up to 50% this year.


Real Estate

Office building slated for downtown Austin

Ivanhoé Cambridge and Greystar have broken ground on a 170,000-square foot office project.


Real Estate

Texas Realtors: Texas homebuyers more diverse, earn higher income than national average

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.


Real Estate

Link Logistics developing project in Round Rock

The Texas Real Estate Research Center has issued the following press release:ROUND ROCK – Link Logistics Real Estate LLC is developing a three-building project at 2100 S.


Real Estate

Carr Properties breaks ground on 43-story office tower

Carr Properties has broken ground on Block 16, a 43-story office tower at 201 San Jacinto Blvd.


Real Estate

Downtown Austin getting 2.7M-sf mixed-use tower

Lincoln Property Co. and Kairoi Residential are planning a 74-story, ​​2.7 million-sf tower at 98 Red River St.


Real Estate

Shop LC building HQ in Cedar ParkBody

The Texas Real Estate Center has issued the following press release:CEDAR PARK – Shop LC Global Inc. is developing a 200,000-sf facility at 1700 N.


Real Estate

188-acre master-planned community slated for Dripping Springs

Tri Pointe Homes Inc. and M/I Homes Inc. are building Heritage, a 188-acre master-planned community.


Real Estate

TPPF policy director on property taxes: 'Local governments are getting rich while families are forced to make hard decisions'

Property taxes remain a major sticking point in Texas, particularly for Hispanics who describe the situation as a “major burden.”