Kurt VanderMeulen, with 38 years in commercial real estate and known for his knowledge and experience in the Central Texas land market, is the 2010 president of the Austin Commercial Real Estate Society.  Read the full article that spotlights Kurt in the Austin Business Journal – Kurt VanderMeulen, senior broker, NAI REOC Austin [...]]]>

Kurt VanderMeulen

Kurt VanderMeulen, with 38 years in commercial real estate and known for his knowledge and experience in the Central Texas land market, is the 2010 president of the Austin Commercial Real Estate Society.  Read the full article that spotlights Kurt in the Austin Business Journal – Kurt VanderMeulen, senior broker, NAI REOC Austin (2-26-10). ]]> http://blog.naiaustin.com/2010/03/08/five-minutes-with-kurt-vandermeulen/feed/ 0 http://blog.naiaustin.com/2010/03/04/austins-gmp-growth-top-in-the-nation/ http://blog.naiaustin.com/2010/03/04/austins-gmp-growth-top-in-the-nation/#comments Thu, 04 Mar 2010 19:42:31 +0000 KGatley http://blog.naiaustin.com/?p=119 The Austin economy grew more than any of the largest of the nation’s cities, based on data between Q4 2008 and Q3 2009.  Brookings Institution reported that productivity rose in just 5 of 100 major cities and Austin topped the list with 2% growth in the GMP (gross metropolitan product – the value of goods [...]]]> The Austin economy grew more than any of the largest of the nation’s cities, based on data between Q4 2008 and Q3 2009.  Brookings Institution reported that productivity rose in just 5 of 100 major cities and Austin topped the list with 2% growth in the GMP (gross metropolitan product – the value of goods and services produced).  Read Austin’s GMP growth top in the nation (Austin Business Journal, 1-8-10).

Millions are being spent to expand the campus of Texas State University, located at 601 University Blvd. in San Marcos.  A sum of $633 million worth of construction is slated to take place in the coming years to accommodate more students.  To learn more about the major projects currently under construction and [...]]]>

Texas State master plan

Millions are being spent to expand the campus of Texas State University, located at 601 University Blvd. in San Marcos.  A sum of $633 million worth of construction is slated to take place in the coming years to accommodate more students.  To learn more about the major projects currently under construction and ready to break ground as well as those in planning stages, check out the Campus Construction page or read Texas State poised for boom (Austin Business Journal, 1-29-10).

St. David’s South Austin Hospital, located at 901 W Ben White Blvd., is getting a new name and undergoing a $72 million renovation.  The renovation and expansion project to begin in April 2010 will increase the hospital by three floors, more than 100,000 square feet and 25 percent more beds.  For [...]]]>

St. David's South Austin Medical Center

St. David’s South Austin Hospital, located at 901 W Ben White Blvd., is getting a new name and undergoing a $72 million renovation.  The renovation and expansion project to begin in April 2010 will increase the hospital by three floors, more than 100,000 square feet and 25 percent more beds.  For more details, read St. David’s South Hospital to get $72M makeover (Austin Business Journal, 1-15-10).

A suicidal man upset with the IRS deliberately slammed his single-engine Piper Cherokee into the Echelon Building located in the 9400 block of Research Blvd. (U.S. 183) in Northwest Austin.  The pilot, Joseph Stack of Austin, along with a federal employee died in the crash.   Echelon I houses offices for the Internal Revenue Service IRS) but [...]]]>

Echelon I

A suicidal man upset with the IRS deliberately slammed his single-engine Piper Cherokee into the Echelon Building located in the 9400 block of Research Blvd. (U.S. 183) in Northwest Austin.  The pilot, Joseph Stack of Austin, along with a federal employee died in the crash.   Echelon I houses offices for the Internal Revenue Service IRS) but it is not the location where tax returns are processed so it will not affect federal income tax processing.  View photos of the building and read more: Pilot’s online suicide note blasts IRS (Star-Telegram, 2-18-10).

Military funds will fuel new construction in the Austin area.  The Armed Forces Guard and Reserve Center at Austin-Bergstrom International Airport (ABIA) is now in the design stage.  The planned $16.5 million facility will span 250,000 square feet and is expected to replace an existing aviation support facility currently leased from the city.  Plans also call for [...]]]>  

Military funds will fuel new construction in the Austin area.  The Armed Forces Guard and Reserve Center at Austin-Bergstrom International Airport (ABIA) is now in the design stage.  The planned $16.5 million facility will span 250,000 square feet and is expected to replace an existing aviation support facility currently leased from the city.  Plans also call for a $5.7 million Vehicle Maintenance facility.  To ease overcrowding, a new $20 million Armed Forces Reserve Center is likely to be built at Camp Mabry.  Read more in Austin getting money for new National Guard and Reserve Centers, Austin American-Statesman, 12-12-09 and Military center near Austin-Bergstrom International Airport a go, Austin Business Journal, 12-14-09.

Formerly Commercial Industrial Properties Co., [...]]]> Commercial real estate firm NAI REOC Partners in San Antonio, Texas announced Friday, January 15^th that it has acquired NAI Austin, an affiliate of the NAI Global network.  Both companies will be renamed NAI REOC San Antonio and NAI REOC Austin to enjoy the advantages of cross-market branding and name recognition.

Formerly Commercial Industrial Properties Co., NAI REOC Austin was founded in 1975 by Frank Niendorff who now plans to retire and focus on other interests.  With 16 brokers (8 of whom have more than 20-years of experience in the industry), NAI REOC Austin has grown over the years into one of the most respected and experienced commercial real estate brokerage firms in Central Texas.   NAI REOC San Antonio (through REOC Partners, Ltd) has been operating in San Antonio for over 35 years.

Together the two firms will have nearly 90 associates, over 30 brokers and nearly 60 associates in property management, research, accounting, development, construction management and support staff.

Todd A. Gold, CCIM, President and Managing Partner of REOC Partners, Ltd., the holding company that owns both NAI REOC San Antonio and NAI REOC Austin, stated: “This is a great day and a tremendous opportunity for all of the hard working people at both of these firms.  With most economic experts pointing to the San Antonio and Austin areas as two markets that are  poised to recover first from the  national recession, this could not be a better time to position ourselves to take advantage of the opportunity on the horizon.”

This is not the first time Gold and his partners have identified opportunities at a time when others were seeking shelter during tough economic times.  The current REOC partnership group was formed in 2001 in the shadow of 9/11 and grew over the following decade to become the largest privately held full service brokerage and property management firm based in San Antonio.  NAI REOC San Antonio, along with NAI REOC Austin, hopes to achieve similar success as the economy pulls out of recession.

When REOC Partners joined the NAI Global network in January of 2007, Niendorff had already been contemplating his succession plan and approached Gold and Brian D. Harris, Senior VP and Principal of NAI REOC Partners about their potential interest.  Niendorff added, “It was a good cultural fit from the beginning.  This is a huge opportunity for our team.  Todd’s group brings with them an array of additional services such as property and asset management, construction management, research and forecasting capabilities and more that will greatly enhance the core brokerage services we have been providing our clients in Austin over the years.”

 Together the new group plans to focus its energies on growing their base in their respective core markets with an eye toward the serving the entire I-35 corridor.  Gold stated that: “Much like the Dallas-Ft. Worth metroplex, we are confident that some of the greatest growth potential will occur between within the corridor between Austin and San Antonio. We will be well prepared to meet that challenge as the market begins its recovery.”

The PJ Shop specializes in women’s loungewear and pajamas and also stocks unique gift items.

NAI Austin is one [...]]]> The PJ Shop, a women’s clothing boutique, is relocating to 1,399 square feet at Lakeway Town Center, Phase II. The property is located at 2127 Lohman’s Crossing in Lakeway, Texas. Travis Waldrop and Jolie Schooler represented the landlord.

The PJ Shop specializes in women’s loungewear and pajamas and also stocks unique gift items.

NAI Austin is one of Austin’s most experienced commercial real estate firms and the Austin area representative for NAI GlobalTM, the industry’s largest global network of real estate service providers, comprising 5,000 brokers in 325 offices serving more than 55 countries worldwide. For more information on NAI Austin, please visit www.naiaustin.com.