The following items are at stake on both sides of the issue: worker safety, congested traffic, added pollution, loss of sleep by people who reside downtown, driver employment, higher building costs, longer construction schedules and volatility of concrete material.
There were four Texas cities in the top 20 for population growth in the referenced time period, with Austin and San Antonio checking in at 14th and 15th, respectively, in population growth.
RECA recently released first quarter 2016 commercial real estate data on its website. The numbers indicate continued strong demand for office, industrial and retail space throughout the city as vacancy rates remain exceptionally low.
After a month-long bidding war (or more like a soap opera...) between Anbang and Marriott over Starwood Hotels and Resorts, Marriott surprisingly emerged the victor—even though Anbang put up the "superior proposals," before ultimately withdrawing last week.
This is not your grandmother’s retirement home, with two levels designated as penthouse suites, a private wine room, a bistro/coffee bar and a cocktail lounge.
The downturn was sudden. This was a good thing because it turned off the supply pipeline spigot abruptly. If the drop in the price of oil had been more gradual, there could have been hundreds of thousands of square feet of office space already underway in the pipeline. And that would have made the crunch that much worse.
Technology is a core part of commercial real estate lending, development, leasing, selling and buying. Today, it’s hard to imagine any of these sectors functioning without things like online platforms and databases, design software or data management programs.
The transition from traditional office space to collaborative and activity-based work environments requires preparing employees to use the space successfully and addressing pushback to assure maximum productivity.
Boutique hotels have distinctive designs and provide guests with personalized service and unique experiences. Traditional hotel chains, including Curio by Hilton and Autograph by Marriott, have copied the concept to compete with independent boutique operators.