City To Work With Capital Metro On Financing New Broadmoor And McKalla Place Rail Stations As Development Boom Looms

The city of Austin expects the areas around the Broadmoor Campus and McKalla Place—the site of the new Austin FC stadium—to be primed for dramatic increases in development and subsequently heightened demand for transportation. City Council acknowledged that looming boom Nov. 14 when it directed City Manager Spencer Cronk to work with the city’s public transportation authority, Capital Metro, to help finance the completion of new rail stations in the two areas. Last year, City Council greenlit the first phase of a massive, 20-year, phased mixed-use development at the 66-acre Broadmoor Campus, an area currently occupied by the IBM campus. Plans for the area include at least 2,000 housing units and buildings reaching 360 feet tall. The area has been referred to as Austin’s future second downtown. The developers agreed to help relocate the Kramer Lane MetroRail station to the Broadmoor Campus. Click to read more at www.communityimpact.com.

Montrose’s ‘Cool’ Attracts National Real Estate Attention

When the commercial real estate firm Cushman & Wakefield looked across the United States and Canada for the “coolest” neighborhoods, Montrose made the top 20. That, says Cushman & Wakefield, makes it prime property. For Houstonians, the announcement may feel obvious. Certainly it’s not news that Montrose is cool? Bob Marley and the Wailers took over a floor of the Plaza Hotel (later Tradition Bank Plaza) in the ’70s, cooking Rasta gumbo as the magazine Texas Monthly got its start in the same building. It was, and still is, Houston’s haven and political center for the LGBTQ community. Beyoncé went to high school there. But for Cushman & Wakefield, the neighborhood’s culture and walkability is of special appeal as retail fights e-commerce to bring customers into stores. “Ignore cool at your own peril,” wrote Cushman & Wakefield when it first started scouting cool neighborhoods in 2016. Click to read more at www.mysanantonio.com.

Don Quick & Associates Celebrates 50 Years of Commercial Real Estate by Giving Back to the Community in a Big Way

ROUND ROCK, Texas, Oct. 10, 2019 /PRNewswire/ — Don Quick & Associates, Inc. – the largest commercial real estate company in Williamson County – is celebrating 50 years in business in 2020. The company specializes in leasing and sales of office, retail, industrial and land properties throughout Northern Travis and Williamson Counties. Since 1970, the company has solidified its place as a leader in the commercial real estate industry and as a part of their monumental anniversary celebration in 2020, they are determined to become a leader in giving back to the community. In order to achieve that goal, Don Quick & Associates, Inc. is committing to serve 50 charitable organizations from now until the end of 2020. “We believe the best way to celebrate 50 years in Central Texas is by giving back to the people who empower our community every day. These charitable organizations are the heart and soul of this area, and we want to show our appreciation,” says Darren Quick, President of Don Quick & Associates, Inc. Click to read more at www.prnewswire.com.

Austin Steals The Show From Dallas in Annual Real Estate Ranking

Blame it on Austin. Texas’ capital city has knocked Dallas off its perch as the country’s best real estate market. Big D was the top dog for real estate in a property industry beauty contest last year. But the best Dallas-Fort Worth gets is a sixth-place consolation prize in the just-released Emerging Trends in Real Estate 2020 forecast. In its 41st year, the closely watched annual property market report by the Urban Land Institute and PricewaterhouseCoopers asks real estate pros from across the country to rate the top market for the year ahead. After Austin’s winning performance, Raleigh-Durham, Nashville, Charlotte, and Boston placed ahead of D-FW in the forecast for 2020. Click to read more at www.dallasnews.com.

New State Law Prevents Cities From Regulating Construction Materials

SAN ANTONIO – The aesthetics of communities across Texas could be changing after a new law went into effect this month. HB 2439 New state law prevents cities from regulating construction materials 2439, signed by Gov. Greg Abbott, limits certain regulations adopted by cities that required the specific use of materials used during construction or renovations. Cities no longer have a say, and any approved material by the national code can be allowed. Brandon Melland Leon Valley’s Planning and Zoning Director says communities were blindsided by the passage of the bill. The city sent a letter to the governor asking that he not sign the bill into law. “I think the question that needs to be asked is ‘where did this bill come from?” he said. “Because it certainly didn’t come from the citizens of Leon Valley.” Communities like Leon Valley worry that now that developers have a choice, they will choose to build with cheaper, less durable materials. He says a construction company has already informed the city they will be changing their material plans following the passage of the law. Click to read more at www.ksat.com.

Texas Grown, Texas Operated

Steve Medina, the president of Savvy Commercial Inspections, grew up in a low-income El Paso neighborhood, quickly learning he wanted a better life for himself and future family. At 19, he enlisted in the Navy in 1989 and was deployed to an F-18 fighter squadron launching, recovering and maintaining fighter aircraft on the flight deck of the aircraft carrier USS Independence. The dangerous duty of a 19-year-charged with the responsibility of a $50 million aircraft and the safety of its pilot aboard a moving ship with launching and landing aircraft around him was a big part of what he is today. He was discharged at 21 years old, then went to work or an electrical utility company and made a name for himself as a fast learner and hardworking leader. Medina decided to leave El Paso because of cheap labor wages, relocating to Austin in 1996, where his work ethic stood out among crews during the tech boom. Click to read more at www.rednews.com.