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Austin United Alliance’s proposal selected for redevelopment of Chicago’s Austin-Laramie State Bank site

BD+C

The City of Chicago has selected Austin United Alliance’s proposal for the redevelopment of the Austin-Laramie State Bank site, which includes the historic Art Deco Laramie State Bank. The building has sat vacant for nearly a decade. . .

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These Oversupplied Metros Could See Major Price Drops by Late 2024

Pro Builder

Formerly red-hot housing markets such as Seattle, Phoenix, San Francisco, and Austin, Texas, have seen substantial increases in inventory, and as a result, each metro is expected to see a double-digit price correction by late 2024. decline in home prices for 2023. decline in home prices for 2023.

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First look: Austin to get first high-rise since 2003

BD+C

has commenced construction on Colorado Tower, a 371,000-sf Class A office development in Downtown Austin, Texas. The 29-story building, designed by Duda/Paine Architects, will be the first high-rise tower built in Austin since Cousins developed Frost Bank Tower in 2003. Cousins Properties Inc. Body Image: read more.

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These Pandemic Boomtowns Are Cooling Down in 2023

Pro Builder

and that sudden cooldown isn’t just the result of recent banking turmoil or a shaky stock market. In Austin, pending home sales fell 40% in February, while median price per square foot fell 13% year-over-year, but prices are still substantially higher than they were two years ago, Forbes reports.

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These Metros Will Be the First to See Prices Fall in a Market Correction

Pro Builder

In 2023, Goldman Sachs expects double-digit home price declines in major markets like Austin (-15.6), San Francisco (-13.7%), San Diego (-13.4%), Phoenix (-12.9%), Denver (-11.4%), Seattle (-11.2%), Tampa (-11.2%), and Las Vegas (-11.1%). Indeed, through November, Austin is down 10.4% Indeed, through November, Austin is down 10.4%

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BUSINESS REPORT: Texas – Innovation Moves Front And Center In Austin

Buisness Facilities Contributed Content

Technology shares the spotlight with music and film at the annual South by Southwest festival in Austin, TX. Technology innovation is happening across the country, but there is no better place to witness the revolution other than Austin, TX, home to a rapidly expanding technology industry. By Jenny Vickers. TEXAS FAST FACTS.

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What to Expect in an Ongoing Home Price Bubble

Pro Builder

Throughout 2021, the average sales price of a home rose 16%, reports Forbes, though some metro areas like Boise and Austin reported gains over 30%. While many regions will remain largely unchanged, others could see a crash in prices.

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