CTX Represents Quartz Financial Advisors
Quartz Financial Advisors has recently leased 1,244 square feet of office space at 7035 Bee Cave.
Carl Condon and Burke Kennedy of Commercial Texas represented Quartz Financial Advisors. Cheryl Smith with Kucera Company represented the landlord.
Commercial Texas Represents Jacobs Engineering Group
Jacobs Engineering Group Inc. has recently leased 1,434 square feet of office space at Chevy Chase Park Two. Carl Condon and Burke Kennedy of Commercial Texas represented Jacobs Engineering Group Inc.
Jonathan Tate of CB Richard Ellis represented the landlord.
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 Austin: Speculation Central
By Michael Kennedy, SIOR, President, Commercial Texas
Welcome to year-end 2007, and what a year it has been! From the free-wheeling, hair-on-fire-deals coming out of 2006 to mid-summer 2007, we are now in a never-ending speculative conversation about what the heck is really going on in the real estate economy!
In Austin, we’re headed towards an office market absorption number for the year that will, at least, be positive. And we still see job growth and ‘Austin is different’ optimism propping things up.
There’s no question that Austin has a better position than many markets across the country and a bright, bright future!
So, if you’re a market timer: watch, wait and see. If you’re a long-term investor, Austin is a sure fire winner.
Thanks to all our clients, friends and others who have made our 2007 at Commercial Texas a year to remember!
We’re here for the long-term and glad for those who have been and are with us going forward into an even more interesting time!
May your Holidays be bright and your New Year of 2008 be better than you hope for!
Wishing you all the best!
 Myth #2: Your Landlord wouldn’t do that because it’s not market
On November 9, Commercial Texas revealed the second myth of commercial real estate. Below is a sample of the white paper:
How many C-level executives mind spending several million extra dollars? None, especially when it threatens the profitability of their business.
If a landlord defines commercial real estate market conditions for a business, more than likely, the business is poised to overspend on their lease obligation, and they’ll lack asset value that can provide strategic benefits.
The argument that a landlord wouldn’t accommodate a business’ need in their lease because it doesn’t reflect market, doesn’t hold much water.
Market conditions in commercial real estate are not hard and fast. There’s room for negotiation and strategy in every lease, regardless of the market.
To download the full white paper on the 5 myths of commercial real estate, visit the Commercial Texas Web page at www.commercialtexas.com/fivemyths/
 Austin Office Market Snapshot
By Russell D. Young, CCIM, SIOR, Vice President, Commercial Texas
Republished from Texas Real Estate Business
In Austin’s office market, developers are focusing primarily on Class A office space with floor plates of 30,000 square feet and larger, according to Russell Young, vice president, tenant representation group, with Commercial Texas. “With over 2 million square feet on the verge of coming on line in Austin, there are numerous options for larger users,” Young says.
The Domain is a mixed-use project anticipated to have a significant impact on the Austin office landscape, says Young. “With the ability to deliver up to 3 million square feet of Class A office space, The Domain is poised to be a major competitor with downtown,” he says. “It’s proximity to the region’s workforce, housing options, numerous retail and restaurant amenities, access to commuter rail and fewer parking challenges make it very attractive.”
Another significant project, Aspen Lakes, a development of Aspen Properties, is delivering 200,000 square feet of Class A space in the Far Northwest Market. It’s built near Austin’s new toll roads and provides access to the highly populated residential neighborhoods in the Northwest Market.
Read full article (free)
Survey: Austin high on most-desirable list
Compiled by Austin Business Journal Staff
Republished from the Austin Business Journal
Austin is among the top ten cities in the country viewed as most desirable for relocation, according to a recent study.
The study, "Talent Markets: The Importance of Location in the Competition for Human Capital," named Austin the sixth most desirable city for relocation out of more than 30 cities examined in the United States.
San Diego, San Francisco and New York were the top three most desirable cities for relocation in the study's survey, but the three least preferred cities also included New York at number one, along with Detroit and Los Angeles.
"Employers and governmental entities within a given region can play an important role in attracting new talent by promoting the unique advantages they offer to residents in concrete terms," says Allan Schweyer, president and executive director of the Human Capital Institute and co-author of the study.
"Our study found that the 'brand,' or perception of a city, is a critical factor in the decision-making process for candidates. Therefore, cities and employers that understand, manage and promote their brands will be best positioned to attract and keep knowledge workers of all ages."
The study, also co-sponsored by Monster.com, found that people are hard to move once ensconced in a community and that negative images of a city may have a stronger impact than the positive, Schweyer says.
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