Austin Commercial Real Estate

The Austin commercial real estate market has quickly become a smart investment for many investors nationwide and around the world. In fact, the Dallas real estate investment broker, a powerhouse in the industry for 25 years, is packing up his bags and relocating to the expanding city of Austin, Texas.

Rhonda Toming has announced her new role with Oxford Commercial, an investment firm, in Austin. Toming will have a senior vice president role with Oxford Commercial. The main focus of Toming will be on Austin commercial real estate sales. She will use her valuable experience that has been obtained from brokering intricate real estate transactions nationwide.

Toming commented, “I came to work for Oxford because I saw an opportunity to come in and bring a different level of expertise on the value-add investment side.”

Rhonda Toming is responsible for completing $2 billion dollars in real estate transactions throughout her 25 years in the real estate industry. Toming, on this subject said, “Real estate is all about creating value and problem solving. I thoroughly enjoy a good challenge and helping companies realize the full potential of their real estate assets.”

Toming will be partnered with a fellow real estate veteran, Jeff Coddington, involved with commercial real estate properties. Austin, Texas has a strong duo that will be able to effectively utilize and strengthen Oxford’s real estate holdings.

Austin, Texas real estate is experiencing a surge that is bringing both residential and commercial real estate investors together. Rhonda Toming is an excellent addition to the city of Austin.

Austin Commercial Real Estate Market

Austin, Texas has been a hotspot for commercial real estate development recently. A well-known developer, based in Houston, announced that it is developing a construction plan for the city of Austin that is loosely modeled after past projects completed by the West Houston Association.

A co-founder of the Association, known as the Reagan Parmer Corridor Association, Barkley Wedemeyer has been responsible for organizing the plans. Wedemeyer worked directly with various landowners around Parmer Lane and Reagan Boulevard. The goal of the Association is to further develop Austin commercial real estate.

Wedemeyer is excited about the future growth of the eastern part of the city. The landowners, who are responsible for owning 2,000 acres in Austin, near the Reagan-Parmer corridor, will be in-charge of commissioning a study that will determine the types of businesses that should be recruited to the area.

Also, the economic study will research ways to recruit and attract these types of businesses. The 2,000 acres is expected to transform from being undeveloped to developed land for multiple purposes. This is an exciting time to be an investor in the Austin Texas real estate market.

The West Houston Association has been responsible for helping shape prosperous commercial real estate in the city of Houston. The main goal of the “Reagan Parmer Corridor Association is to help shape the city of Austin in the same way.

As this new Austin commercial real estate project is underway, it is expected that new commercial developments will be created and started, in and around Austin. The state of Texas is ripe for both commercial and residential real estate development.

Austin Commercial Real Estate Development

The state of Texas is known for wide open spaces and big skies. The residents of Texas do not want to live anywhere else. Currently, many cities in Texas are experiencing an economic boom that is spreading to the job market and different industries, including real estate.

There are hundreds of companies that are investing in commercial real estate in certain areas of Texas, such as Austin, Houston, Dallas and Fort Worth. There was news lately of construction in the city of Austin, Texas.

Land/Creek Development is executing their plans to construct a eighteen thousand square foot building that will be used as an even mix of both retail and office space. The building will be a wonderful addition to pre-existing Austin retail space.

The building is being constructed on Anderson Mill Road, in the heart of Austin, Texas. It is predicted that Arboretum Park will be completed in January of 2008.

Scott Taylor, employed with Land/Creek Development will be in charge of the leasing of the property. The firm, Sixth River Architects, are in charge of design and building of the office/retail space.

Austin, Texas is becoming a popular area for relocaters, including professionals, students and families. The same can be said for businesses, as dozens of new businesses crop up each week in the city of Austin. This is the perfect time to invest in Austin, Texas commercial real estate.

It is predicted that the economic boom in Texas, will continue for the next two decades. The boom can be seen in projects such as this one at Arboretum Park.