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Cracking CodeNEXT: The biggest issue to hit modern Austin

Three days after this story publishes, Austin will get its first official look at proposed rules that would – if adopted – govern how the city’s urban environment will look for decades to come. Three days after this story publishes, Austin will get its first official look at proposed rules that would – if adopted – govern how the city’s urban environment will look for decades to come.

Click to read more at Austin Business Journal.

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Facebook, Amazon to be neighbors in Austin’s second downtown, plus other big Q4 office leases

If there was any doubt about the depth of commitment in Austin by global corporate heavy hitters Amazon.com Inc. and Facebook Inc., worry no more.

Both companies signed big offices leases in Austin during the fourth quarter of 2016, and both are moving into Domain 8 — a 12-story, 290,000-square-foot office building under construction in The Domain neighborhood about 10 miles north of downtown.

Click to read more at Austin Business Journal.

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High-profile Austin investor buys bustling downtown IHOP property

World Class Capital Group continues to make some interesting real estate acquisitions in Austin, but Nate Paul, its high-profile founder and CEO, isn’t discussing them. The private Austin-based real estate investment firm has picked up a property that houses IHOP restaurant at 707 E. Cesar Chavez St. It’s at one of the busiest intersections in the city, just west of I-35.

Click to read more at Austin Business Journal.

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Prime Austin retail or creative office space surfaces as downtown site hits market

At the base of some of Austin’s most shiny and gleaming new skyscrapers, it’s easy to miss 203 Colorado St. The off-white, two-story structure sort of fades into the horizon. But that’s about to change.

Now that its main tenant, Compass Learning, is in the midst of a corporate buyout, that company is moving its headquarters elsewhere.

Click to read more at Austin Business Journal.

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Massive redevelopment of The Backyard moves ahead west of Austin — with strings attached

The transformation of The Backyard music venue in Bee Cave into a Hill Country mixed-use outpost with a hotel, offices, condos, a high-end restaurant and data centers took a significant step forward this week.

At a marathon meeting that lasted into the wee hours of Dec. 14, Bee Cave City Council approved modifying the zoning for the project so International Development Management, or IDM, can build the data centers instead of movie studios and also erect an eco-friendly “distributed energy center”power plant on the site, among other changes. Council voted for the amendments contingent upon IDM building a new road connecting the development to State Highway 71.

Read more at Austin Business Journal.

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Big jump in November home sales sets up Austin Realtors for another record year

Austin-area Realtors are experiencing a surprising holiday rush to end the year.

Single-family home sales across the metro area grew 15.8 percent in November compared to the same month in 2015, according to data released Thursday by the Austin Board of Realtors.

Click to read more at Austin Business Journal.