News
Austin Office Landlord Outlook
03.16.10 - There have been some positive signs in the Austin office market as of late. National companies are genuinely looking and making the decision to have a presence in Austin. Hanger Orthopedic is relocating their corporate headquarters from Baltimore to the Domain development. LegalZoom and Facebook, both West Coast companies, are opening offices here in Austin, and the medical device company, Pioneer Surgical Technology, is hiring 30 people to staff their first office outside Michigan. Read more...
Feature Article - The Ever-Changing Market
03.16.10 - Today’s current economic conditions are having a profound effect on the commercial real estate market. Both tenants and landlords have been impacted, and you should be aware of the possible consequences for your business. As corporations have moved into the third calendar year of the economic recession, the latent influence is finally being felt by most buildings. Since lease terms are typically three to five years, many well-leased properties can “ride out” a typical downturn of 18 months, but this one is different. Tenants, as their leases roll, are demanding lower rents to be market competitive and the net operating incomes of buildings have fallen. To make matters worse, the capital markets have significantly constricted, reducing the traditional outlets for owners to fund mortgages and working capital. This confluence of lower rents and tighter capital means many buildings will suffer bankruptcies, foreclosures, and operational deficiencies. Read more...
HPI signed new lease!
01.26.10 - Southwest Bank has signed a lease for 3,038 square feet at Barton Oaks Plaza, Building III, located at 901 S. MoPac Expressway in Austin, Texas. Richard Paddock with HPI Real Estate, Inc. represented the Landlord.
HPI's Signed Deals January 7 2010
01.18.10 - HPI's Signed Deals January 7, 2010 Austin American Statesman January 7, 2010 - Burkhart Dental Supply Co. has signed a lease Read more...
HPI Ranks High in the Austin Business Journal's "2010 Book of Lists"
01.03.10 - HPI Ranks High in the Austin Business Journal's "2010 Book of Lists" AUSTIN - (DEC. 31, 2009) - Recently, the Austin Business Journal published its famous annual Book of Lists. The list captures the best and the brightest in Central Texas Business, per the information gathered by the Journal. HPI is proud of its strong company and associate rankings in the Austin Real Estate market, most notably: Read more...