Commercial Texas Represents Walsh, Anderson, Brown, Schulze & Aldridge, P.C in Headquarter Expansion
Commercial Texas represented Austin-based Walsh, Anderson, Brown, Schulze & Aldridge, P.C in the lease of their new 21,200-square-foot headquarter location at 505 E. Huntland Drive, Austin, Texas.
Established in 1983, Walsh, Anderson, Brown, Schulze & Aldridge is a professional corporation of lawyers focusing on education law and general insurance defense. The firm, which has six locations across Texas and New Mexico, required a new Austin office to accommodate growth.
“We sought a location that would fit our team’s culture and support our operations over the next several years,” said Oscar Trevino, Managing Shareholder, Walsh, Anderson, Brown, Schulze & Aldridge. “Commercial Texas worked with us to evaluate potential options that aligned with the priorities of our headquarters in Austin.”
The firm expects to be in its new location by January of 2008.
Russell Young and Mike Kennedy with Commercial Texas represented Walsh, Anderson, Brown, Schulze & Aldridge. Matt Frizzell and Derek Land of Stream Realty Partners represented Equastone, the landlord.
72 Austin Companies Make Inc.’s Fastest-Growing Companies List
Companies making the list from Austin cut across sectors. Real estate leader Keller Williams Realty International with $114.3 million in revenue, Sport Clips with $88.3 million and Mercury Mambo at $3.6 million all made the list.
Inc.'s 2007 annual survey ranks revenue growth from 2003 to 2006. The top 500 and 5,000 are listed according to greatest growth gains in revenue.
Austin ranked third on the list of most entrepreneurial communities per million population on the 2007 survey. Provo-Orem, Utah, was first with 12.7, followed by Washington, D.C., with 7.6 and Austin with 7.3. Overall Texas had 38 companies on the Inc. 500 list.
The12 Central Texas companies on the Inc. 500 list:
Ascendant Technology, ROME Corp., Anue Systems, CreditCards.com, Teksavers, Coast to Coast Tickets, Medwing.com, Mercury Mambo, Bulldog Solutions, People Admin, Renew Data and Wintegra.
Commercial Texas Announces New Marketing Director
Commercial Texas has named Jay Galvan as its new Director of Marketing.
Galvan has over 12 years of marketing and design experience. Prior to joining Commercial Texas, Galvan founded a cross-media marketing consulting firm, Toltec Marketing. At Toltec Marketing he worked with numerous leading Austin-based and Fortune 500 companies to blend Web, print and viral video marketing. He has also worked as a director and cinematographer on a number of documentaries.
“Jay has a great deal of experience developing creative approaches to marketing. He’s working with us to align our key marketing and business development processes. We’re focused on providing clients with professional, concise information and tools to support our work on their behalf. Jay is a key part of bringing the pieces together,” said Michael Kennedy, president, Commercial Texas.
In his new role at Commercial Texas, Galvan will focus on implementing new technologies to support customer service objectives and developing new internal process management strategies. In addition, he will also oversee all outward marketing initiatives.
CTX represented Breakthrough Austin
Commercial Texas Represented Breakthrough Austin, an organization that provides college preparation for low-income students, in their 1,514 square-foot lease at 1605 East 7th Street.
Russell Young, CCIM, SOIR of Commercial Texas represented Breakthrough Austin. Sam Calliham, with Harrison Pearson & Associates, represented Tomas Pantin, the landlord in the transaction.
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 Summer Trends in Austin
By Michael Kennedy, SIOR, President, Commercial Texas
Welcome back. It’s been a very interesting end of summer!
Austin is bucking the trends in housing, job growth and optimism. The question is “How will that translate into absorption as tenants make commitments in a seemingly uncertain economy?”
We’re as busy as we’ve ever been and activity is always a positive sign!
Link to full story
 The 1,000 Square Foot Dilemma
By Burke Kennedy, Associate, Agency Leasing and Tenant Representation
Smaller office spaces, in the 1,000-square-foot to 2,000-square-foot range, are becoming harder to find in the South Central and Southwest markets.
Is South Austin the market to be in as an office tenant and, if so, why is South Austin so popular?
In the Austin market, there are few areas that are more popular than the South Central market. There are names thrown around like SoCo, SoLa, and SoEtcetera….It’s become the epicenter of authentic Austin.
Link to full story
50 acres next to Concordia's site devoted to senior housing Republished from Austin Business Journal
August 17, 2007
A.J. Mistretta
A Baltimore-area developer of senior communities has secured the 50-acre balance of the Schlumberger tract in Far Northwest Austin adjacent to the future Concordia University campus.
Andrew Aldi of Aldi Development Partners LLC plans to build Independence Square at Austin, a phased, 750-unit senior housing complex that would be one of the largest of its kind in Central Texas. The property is already zoned appropriately for the project and the developer is now seeking site plan approval and a state license to operate a continuing-care retirement community.
Link to full story
 Welcome ALA Members
Thank you for attending the New Developments In Downtown presentation at the Headliners Club!
I hope the news we shared was informative and interesting. We are excited about all the new happenings in Austin and are proud to present your comments on Austin’s development and its future as well.
Best regards, Michael Kennedy, SIOR
President
Commercial Texas LLC
- I lived downtown briefly two separate times for 2-3 weeks at a time at the ExtendedStay America on 6th St. I thought it would be nice to try it out and was especially interested in being able to walk to work if I wanted to. First I must admit that I’m a senior citizen and not interested in much of the nightlife of downtown. However I thought it would be nice to be able to walk to a nice restaurant with my wife on occasion. The bottom line is that I was turned off with walking anywhere after dark particularly when my wife was along because of the seedy folks that populate the streets at night. I never went east of Congress Ave either much less 6th St. It was nice to be able to walk to work though!!!
- I found today’s presentation very informative (had not heard about the Seaholm project before) and appreciate the good information, particularly the insights on looking forward. It was apparent your team is genuinely excited about the “happenings in Austin” and are all well informed.
- I agreed with the majority of the comments at the meeting today; questioning who in the world would be purchasing a half million dollar condo downtown and worrying about a saturated market of those types of residential buildings (I too am a baby boomer so it may be a generational thing). It was interesting to hear everyone’s comments and your responses -- thanks for initiating that dialog.
- There is certainly an air of excitement when viewing all the new development in downtown Austin, and I enjoyed your presentation very much. It was very informative and enlightening (who knew the 2nd street businesses were being underwritten by the City?). However, the planned condos are clearly not designed for the average worker. The average worker cannot afford to eat downtown for lunch (where’s Wendy’s & Schlotsky’s?), cannot afford to shop downtown (where’s Yarings and Hit or Miss?), and cannot take care of errands at lunch (need more reasonably priced drug stores, cleaners, groceries). The new buildings are taking out parking lots; where are visitors and workers supposed to park? Many
patrons of the night life park in the pay-as-you-go lots. We are blessed with underground parking that is paid for by our firm. How long will that last, and what happens when we run out of space? Indeed the face of downtown Austin will change over the next few years, but ! it will not be the face of your medium income worker.
- I enjoyed the presentation today - it was really interesting. My comment about the downtown housing is that there needs to be more affordable housing, rather than so much luxury housing. I think young people and single people need affordability in order to work downtown. Otherwise, Austin is just catering to the rich.
- Really enjoyed your presentation.
Again, I do not believe the economics of all the new buildings will work for the majority of downtown workers. If you poll most of the staff employees of law firms, I believe the result would be that more than half of them have to live outside of Austin proper in order to afford housing. Usually downtown dwellers do so because it is close to work. Why live downtown, when you have to go elsewhere to work - which is in Austin is where all the high tech and well paying jobs are located.
- We enjoyed your presentation yesterday. I heard several comments as I was leaving that the administrators needed to hear the short and long term rental/ownership projections as well as info about traffic, retail and other city issues on the horizon.
I also want to thank you for your support of ALA and the point you made that we, collectively, have valuable input and insight that can help the city make decisions to protect law firms and other commercial owners/tenants down the road. I don’t know how many administrators are currently involved in the process but your encouragement may have prompted some to become involved.
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