PODS moving company lists Austin among top move-out cities "Moving and storage company PODS shared this month its most popular move-in and move-out cities nationally — and Austin is seeing a higher spike in people leaving the Texas capital. PODS ranked Austin fifth among cities with the highest move-out levels.” (Kelsey Thompson, KXAN-NBC)
LA co. buys more prime real estate here "Los Angeles-based Stockdale Capital Partners closed on Mueller’s 1401 Philomena medical office on May 15 for an undisclosed sum. Stockdale made a splash last summer when it purchased North Austin’s Arboretum Crossing shopping center out of Chapter 11 bankruptcy for $47.5 million.” (Cody Baird, Austin Business Journal)
Micro-home rental community breaks ground in San Marcos "Austin-based startup Casata broke ground on its second venture Casata San Marcos, located at 2138 Post Road, on May 14. Casata San Marcos will be a 210-unit micro-home rental community—the first of its kind for the city of San Marcos. There will be one- and two-bedroom units ranging from 512-806 square feet.” (Amira Van Leeuwen, Community Impact)
Austin approves additional property tax breaks for seniors and people with disabilities "The Austin City Council voted Thursday to raise the property tax exemption for homeowners who are 65 years and older and those with a disability. The move is an attempt to further curtail the amount of money residents pay taxes on.” (Audrey McGlinchy, KUT 90.5)
Rent hikes of 300-500 percent have South Congress shops packing up "Three more stores on South Congress Avenue are joining the list of businesses closing up and moving out. Mi Casa, a business that has been around 28 years, The Good Company, and the Sunroom have all closed their locations on the street within the last month or are about to.” (KVUE staff, CultureMap Austin)
Following HOME approvals, Council calls for affordability programs to aid longtime residents "Lower- and middle-income homeowners are the target population for a resolution approved by City Council on Thursday intended to create the financing needed to build more homes on existing lots.” (Chad Swiatecki, Austin Monitor)
