After a positive test-run in Austin, TX with Tesla’s Gigafactory factory, the decision to move headquarters from Palo Alto to Austin has been made. Musk announced last Thursday that a $1.1 billion manufacturing plant is in the works. What will this mean for Austin real estate? Read the full article here: https://product.costar.com/home/news/shared/1180321570?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p1&t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiI0ODE0OTc1IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTYzMzcwMTY1OH0.6igsNwXOwEb-3PYvkVW6CCpCIgP9bS69-RwXWtu9fU4 Read More
With Evergrande consumed with nearly $300 billion worth of debt, what are the next steps for China’s second-largest property developer and who could be affected in the fallout? https://www.cnbc.com/2021/09/17/china-developer-evergrande-debt-crisis-bond-default-and-investor-risks.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboardRead More
While many of Google’s employees are still practicing WFH, the company plans to purchase the St. John’s Terminal building which will mark this as “the most expensive purchase for any single U.S. office building since the pandemic’s inception.” Could this mean there are brighter days ahead? Read CNBC’s article here: https://www.cnbc.com/2021/09/21/google-plans-to-buy-new-york-office-building-for-2point1-billion.htmlRead More
As companies work towards net-zero emissions, accurate KPI’s for measuring the overall carbon footprint is crucial. Watch the video to learn new ways to measure and report on these metrics. https://www.cnbc.com/video/2021/09/15/why-the-market-for-emissions-tracking-software-is-exploding.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard Read More
Companies such Salesforce, Bumble, Lyft and Uber react to the Texas Senate Bill 8. The effect is widespread as employers try to do what’s right by their female employees and families. Read more about the actions these companies are taking. https://www.cnbc.com/2021/09/10/salesforce-offers-to-relocate-employees-from-texas-after-abortion-bill.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard Read More
Henrico County, Virginia is going green as a new proposed “ecodistrict” is in the works. The proposed new GreenCity development plans to have a total of more than 2,000 residential units, 1.85 million square feet of office space, a 17,000-seat sports and concert arena and two full-service hotels. The project also would have a 40-acre...Read More
We’ve only seen the beginning of the headquarters relocation in Austin, Texas. The Austin Chamber of Commerce says hundreds of business are planning to move to Austin and it’s surrounding areas in industries such as software and information technology, manufacturing and distribution, automotive, clean technology and finance and insurance. Click below to learn more about...Read More
According to the U.S. Census Bureau, newly built homes have surprisingly dropped to the lowest price we’ve seen since April of the pandemic. Analysts were expecting new home sales to increase by 3.4% in the month of June, and are looking into why factors could be responsible for this new low. https://www.cnbc.com/2021/07/26/housing-boom-is-over-as-new-home-sales-fall-to-pandemic-low.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard...Read More
New York’s Vornado Realty Trust is optimistic about a commercial real estate rebound. “I don’t believe one or two days of working from home will be a negative” to office demand, Vornado CEO Steven Roth said Tuesday, discussing the real estate investment trust’s second-quarter results. “I do not believe office will be threatened by the...Read More
The commercial real-estate market is changing. The pandemic has upended the landscape as retail and office spaces became vacant nearly overnight. New investors are being scared away from new investments and investors are looking toward the future of what the industry holds. But there is hope in every situation. Read 17 key takeaways for the...Read More
