All Forum Posts by: Neil Narayan

Dallas-based Skybox Datacenters secured unanimous approval from Hutto City Council for a development agreement for datacenter space called "PowerCampus Austin" on track for completion late next year

The agreement between the city and Hutto Data Center LLC clears the way for the companies to build a roughly 600-megawatt campus on about 159 acres at the southeast corner of U.S. 79 and County Road 132. A concept plan indicated six buildings totaling 3.9 million square feet could rise: four 750,000-square-foot buildings and two 467,000-square-foot buildings.

https://www.bizjournals.com/au...

IBM has leased about 320,000SF space in newly proposed twin towers at northern tip of Domain

https://www.bizjournals.com/au...

The Domain area, aka Austin’s second downtown, is the geographic center of the developed Austin metro area, thanks to Williamson County’s housing boom. Downtown Austin is actually on the southern end of our built-out metro.
Some experts have told me that The Domain area could eventually eclipse downtown Austin in size, weight and height. That remains to be seen. But to be sure, we are in the infant stages of developing twin cities within one city. We're beginning to see two distinct downtown-like skylines already.

https://www.bizjournals.com/au...

A multibillion-dollar Chinese industrial laser business has purchased 262 acres in Manor near Samsung and Tesla, where it plans to build a large 400,000 SF manufacturing facility that employs hundreds

https://www.bizjournals.com/au...

Your guess is as good as mine but looking at the track record of this developer, they have executed on two of the largest developments in Austin already so they are very credible. 

Group known for massive projects like the Domain and Saltillo, plans one of the largest development in East Austin to construct 1,400 residential units, more than 400,000 SF of offices, more than 100,000 SF of retail space and a 220-room hotel

https://www.bizjournals.com/au...

 If you plan to hold the prop for a longer term horizon then it may make sense to buy while the prices have dipped and refi when the rates go down. You just have to be able to carry the negative CF until the rates drop enough for you to refi. 

 the price has dropped but the IR has more than doubled for investment homes which is what is making it cash flow negative

In general Austin is more of an appreciation market than cash flow. 

The rents are steadily increasing in Austin. If you look at the migration data, folks are still moving to Texas in droves. Some are choosing to defer their buying decision until rates are more favorable but they still have to live somewhere. I am averaging 1-2wks on lease out on most props so the rental market is pretty active IMO.