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Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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Pollo Tropical closes 30 more stores

pollo tropicalThe parent company of the Pollo Tropical restaurant chain, Fiesta Restaurant Group, is shuttering 30 locations, including two in the Austin area, as it prepares to relaunch the brand.

Fiesta also owns the Taco Cabana chain of Tex-Mex fast-food restaurants. Five of the Pollo Tropical locations in Texas could be rebranded as Taco Cabana units. …Read Entire Post

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Legislative successes that will change Texas real estate forever

TEXASTexas REALTORS® had several big wins in the 2015 legislative session. Here are some highlights:

A real estate 2-for-1 on the ballot

On November 3, Texas voters will have the chance to permanently ban taxes on the sale of real estate and to increase the homestead exemption from $15,000 to $25,000.

Brokers, you’re about to save money …Read Entire Post

Lone Star State employment continues to shine

The latest employment data released by the Texas Workforce Commission shows that job growth continues in the Lone Star State.

Texas’ unemployment rate was 4.7 percent in April 2014, down from 5.3 percent in March and from 6.0 percent in April 2013.

From April 2013 to April 2014, the Austin-Round Rock-San Marcos …Read Entire Post

Texas earns Site Selection honors with 761 projects in 2012

Site Selection awards the Governor’s Cup each year to the governor of the state with the highest number of qualified capital investment projects the previous calendar year. Texas is back in a big way with a commanding first-place finish in the 2012.

“This is a confirmation of the men and women of the Texas legislature understanding that if we will continue with the predictability and stability of tax and regulation and legal policy that allows entrepreneurs to keep more of what they earn, then we will become the job creation magnet in America,” Gov. Rick Perry told Site Selection on February 21st. “That is what has happened.”  …Read Entire Post

Texas named sixth most enterprising state

The U.S. Chamber of Commerce has released its “Enterprising States 2011” report, and it enhances Texas’ reputation for being a business-friendly state.  The Lone Star State ranked sixth on the list of top ten states for low business taxes and regulations. The report said “the Lone Star State is a low-tax state that offers a low cost of living and has an enterprise-friendly climate that’s paying off with high job growth rates. Recent state initiatives include a business tax reform that raises the revenue exemption.”

 Click to read full article: Texas named sixth most enterprising state (RECON, 1-10-12)

Fewer people moving, but Texas leads in new arrivals

Only 11.6 percent of Americans changed residences between 2010 and 2011, the lowest recorded rate by the census in 63 years and more evidence of the lingering effects of the housing bust and a sagging economy.

Among Americans on the move to a new state, however, Texas was the top destination, the Census Bureau said Tuesday. …Read Entire Post

CNBC ranks Texas tops for Business

A CNBC study of America’s Top States for Business put the Lone Star State at No. 1 with the highest point total in the history of the study.  The Texas economy is the 15th largest in the world and is home to 64 Fortune 500 companies – more than any other state.  For more info read CNBC Top State for Business: Texas is back on top (USAToday, 7-13-10).

Alphagraphics takes space in Lakeway

Alphagraphics recently leased 840 square feet of space in the Lakeway Town Center in Lakeway, Texas. Travis Waldrop and Sherry Naquin Sanchez represented the landlord, Lakeway Plaza Partners.

Alphagraphics was founded in Tuscon, Arizona in 1970 and now comprises over 260 franchise locations worldwide. The company offers the latest in visual communications technology, including brochure and report design, digital, large and offset printing, email marketing and more.

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.

Tutor Times plans for second location in Austin

NAI Austin’s Land and Commercial Building Specialist Dean Janeff represented Many Blessings, LLC in its purchase of 3.13 acres of land on Boulder Lane just west of RR 620 in Northwest Austin. Many Blessings, LLC plans to build a 10,000 square foot daycare center, Tutor Time.

Tutor Time provides educational programs during the school year and summer for children, six weeks old to 12 years old. It has over 300 locations in the U.S., Hong Kong, Indonesia, Portugal and the Philippines. The company was started in 1988, and this will be its second location in Austin.

Charter school finds permanent residence

Dean Janeff represented Bright Horizons Children’s Centers, Inc, in the sale of their 10,536 square foot daycare center to the Texas Empowerment Academy in East Austin. The facility is located at 3613 Bluestein Drive, west of U.S. Hwy. 183 South (Ed Bluestein Boulevard).

The Texas Empowerment Academy is a charter school that was started in 1998. It offers small classes for a personal education experience for students, fifth to ninth grades. Tuition is free, and the school has been awarded the Governor’s Educator’s Excellence Award.