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state of the city is strong, mayor says
02/04/2010
Austin is faring better than other big cities and is poised to emerge strong from the recession, Mayor Lee Leffingwell said in his annual State of the City address Tuesday. "Austin is full of smart, driven people who make things happen," he told 420 people at a Real Estate Council of Austin luncheon at the Four Seasons Hotel downtown. "For that reason ... even during this monumentally difficult moment in history, the state of our city is strong." Leffingwell rattled off several No. 1 rankings the city has achieved and said Austin has lost fewer jobs and had a more stable real estate market than other cities. Read more...
austin reported least job losses in '09
02/02/2010
The Austin-Round Rock region lost the least number of jobs in Texas last year, shedding a net 2,300 positions, or 0.3 percent, according to the U.S. Bureau of Labor Statistics year-end report released today. The area's workforce performance was second only to the McAllen-Edinburg-Mission region, which was the only Texas area to add positions year-over-year. Victoria, Texas reported the highest job losses between 2008 and 2009, dropping 4 percent. Read more...
27 units in sabine condo project set for auction
01/29/2010
Next month, a Beverly Hills, Calif.-based firm will auction 27 units in the Sabine on Fifth, a downtown condominium project whose future until recently had been clouded by a lawsuit and a foreclosure action. Bids will start at $85,000 and $135,000 for the lowest priced one- and two-bedroom units, previously listed at $204,900 and $409,900, said Rhett Winchell, president of the Kennedy Wilson Auction Group , which will conduct the sale Feb. 28 at the Hilton Austin hotel downtown. Read more...
a new bodega on rainey street
01/29/2010
Town Market has opened below the Legacy apartments on Rainey Street. It’s a unique space. Leasing a live/work unit on the ground floor of this downtown Austin apartment tower, Town Market is a two story affair with wine, coffee, sandwiches on the ground floor and dry goods on the second floor. The Town Market concept comes from the same people who brought you Cissi’s on South Congress. The store is 50 paces from the Hike and Bike trail, so I expect they will do well during breakfast and the early evening hours. The Rainey Street District has one of the highest residential concentrations in Austin, and Town Market is a welcome addition to the downtown Austin neighborhood. Read more...