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Torchy's Tacos' big food truck send-off last Wednesday was sweet and whimsical and an ode to Austin's past, but it also pointed out what many food truck owners already know: Food trucks may no longer be the darling of the Austin food scene, and food truck parks are feeling the pain. 
Just last year, Austin food truck growth was ranked No. 1 in the U.S., up 600% between 2010 and 2016. And that is causing problems for the existing food trucks. Noble Sandwich Co. co-owner John Bates, manning his food truck at Southbites…
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Omni Barton Creek Lays Off Staff During $150M Renovation
The Omni Barton Creek Resort & Spa will lay off half its staff as the hotel begins a yearlong $150M renovation. Layoffs will begin April 30, which will coincide with the closure of the Travis County resort. The Texas Workforce…
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This City Just Removed A Proposal To Gate Itself
The city of Olmos Park, fearful of bad publicity, has pulled down a posted city council item to consider gating the entire city. The suburban enclave, surrounded entirely by the city of San Antonio, is only 0.6 square miles, a…
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Online Marketplaces Bring Faster Close Rates As Well As A StigmaAs commercial real estate tech startups storm the market at an increasingly rapid pace, investment sales brokers are looking to online marketplaces to help close more deals, faster. But industrywide adoption is proving difficult. While companies like Zillow, CoStar-owned LoopNet, Ten-X and New York City's StreetEasy can help brokers close more deals, there are perceived downsides to using the platforms. For one, the trading of commercial property is still largely viewed as a hands-on business, sources told Bisnow. "From a macro perspective, [the] real estate brokerage is still an analog business in a digital world. I think clearly brokers are using technology, but technology has not been a disrupter yet,” Cushman & Wakefield Chairman of New York Investment Sales Bob Knakal said. |
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Capital One Closes 4 Austin Branches, Relaunches Downtown As Capital Café
Capital One Financial Corp. has closed four Austin locations and relaunched its downtown flagship in the mold of its new branded Capital Café. In 2016, Capital One announced it would spend $150M to close and renovate branches. Austin's Downtown Capital One, on Congress Avenue at…
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Shifting Strategies: Multifamily Investors Adjust To Sector Slowdown, Mature CycleInvestor confidence in the stability of the multifamily sector this year remains strong, despite robust new supply levels and concerns regarding rising inflation and aggressive interest rate hikes. As the cycle continues to mature, investors are shifting their investment strategies to focus less on appreciation to generate crazy returns, and more on stability and betting on assets that will generate steady cash flow. |
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8 Things You Need To Know About The Real Estate Retreat Redefining Dealmaking
Once a year, a carefully curated group of commercial real estate's best and brightest converge to build bonds, share experiences and explore conversations beyond the industry. Welcome to Escape. What began as an answer to the lack of networking platforms…
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