Senate OKs extending home-buyer credit deadline

 By Ruth Mantell

WASHINGTON (MarketWatch) — The home-buyer tax credit deadline would be extended three months following a Wednesday vote in the Senate. Senators voted 60 to 37 to approve the extension for the credit, which has a current deadline of June 30 to close a purchase. This extension would apply to people who entered a purchase contract by April 30. “By extending the transaction deadline, we can ensure that everyone taking advantage of this credit can complete the purchase of their new home,” said Democratic Sen. Harry Reid of Nevada, one of the motion’s sponsors, in a statement. The credit provision is part of a larger jobs and tax package that both chambers must still vote on before it becomes law.

Evidently, the west coast thinks Austin values now represent a great opportunity for ownership. And given the price stability the Austin market had through the national down turn, it’s difficult to disagree. See the article below from the Austin Business Journal

A California-based equity investor has picked up a $42.9 million, 704,000 square foot portfolio of Austin commercial real estate.

Glendale, Calif.-based PS Business Parks Inc. (NYSE:PSB) paid cash in the sale closed Wednesday, according to a release. The deal includes three business parks with multi-tenant flex space — meaning warehouse or office use — in 13 separate single-story buildings.

The release said the deal also expands the companies reach in a park where it already owns property. The entire portfolio is about 88 percent leased with average contracts of 15,900 square feet.

PS Business Parks now owns about 1.5 million square feet of multi-tenant flex space in nine Austin business parks. Nationwide, the company owns 20.5 million rentable square feet in eight states.

The company did not say which properties it bought Wednesday, but the following were listed on its website:

• Ben White 1: 4210 S. Industrial Dr. (54,385 square feet of pristine flex space configured to address specific needs of the tenants)
• Ben White 5: 4020 S. Industrial Dr. (54,000 square feet of flex space, configured to address the specific needs of each tenant)
• Austin-Lamar Business Park: 5555 N. Lamar Blvd. (44,851 square feet of distinctive office and flex space. Suites range in size from 850 to 3,610 square feet)
• Austin-Lamar Retail: 5555 N. Lamar Blvd. (Recently completed extensive storefront renovations to retail center consisting of over 54,000 square feet. Current tenants consist of Half Price Books, Goodwill and Paper Plus)
• Austin-McKalla 3: 2600 McHale Court (52,887 square feet of flex space for the image conscious business)
• Austin-McKalla 4: 2601 McHale Court (59,606 square feet of flex space for the image conscious business)
• Austin-McNeil 6: 12100 Technology Blvd. (28,364 square feet flex space of perfect light industrial space)
• Austin-Reinli: 937 Reinli (30,750 square feet of light industrial space)
• Austin-Rutland 11,12, 13, 14, 19: 10505 Boyer Blvd. (39,865 square feet of bulk warehouse with storefront and offices), 2020 Rutland Dr. (58,800 square feet of flex space in the heart of The North Austin Design Corridor), 2013 Centimeter Circle (52,389 square feet of perfect light industrial space located in North Austin), 2112 Rutland Dr. (61,247 square feet of flex space, configured according to the specific needs of each tenant), 2105 Denton Dr. (22,206 square feet of perfect light industrial space located in North Austin)
• Austin- Santiago: 4202 Santiago (15,500 square feet of light industrial space. Suites range in size from 750 to 1,000 square feet)
• Waterford A, B, C: 9120 Burnet Road (30,485 square feet of pristine flex space built out as value office space), 9233 Waterford Centre Blvd. (18,195 square feet of pristine flex space built out as value office space), 9229 Waterford Centre Blvd. (57,165 square feet of pristine flex property)
• Austin- W. Sixth Street: 1211 W. 6th St. (12,000 square feet in downtown Austin)

- Austin Business Journal

Real Estate

Full List: America’s Fastest-Recovering Cities

Francesca Levy, 11.19.09, 04:00 PM EST

Diversified industry and relatively stable housing give residents in these metros a measure of economic security.

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Recovery City Ranking	MSA	GMP Rank	Unemployment Rank	Home Price Rank	Foreclosure Rank	Sales Rate Rank
1	Omaha-Council Bluffs, NE-IA Metro Area	33	1	12	8	16
2	San Antonio, TX Metro Area	13	14	8	36	2
3	Austin-Round Rock, TX Metro Area	2	18	17	35	15
4	Pittsburgh, PA Metro Area	46	24	2	12	5
5	Harrisburg-Carlisle, PA Metro Area	51	23	37	3	32
6	Dallas-Fort Worth-Arlington, TX Metro Area	25	35	4	51	16
7	Rochester, NY Metro Area	47	30	22	9	18
8	Houston-Sugar Land-Baytown, TX Metro Area	53	40	1	43	32
9	Raleigh-Cary, NC Metro Area	22	42	32	22	30
10	Baton Rouge, LA Metro Area	58	14	9	15	75
11	Little Rock-North Little Rock-Conway, AR Metro Area	65	4	13	41	44
12	Tulsa, OK Metro Area	41	13	14	78	37
13	Oklahoma City, OK Metro Area	6	4	25	40	28
14	Colorado Springs, CO Metro Area	5	18	42	61	22
15	Seattle-Tacoma-Bellevue, WA Metro Area	18	51	77	19	5
16	Buffalo-Niagara Falls, NY Metro Area	33	38	5	5	44
16	Syracuse, NY Metro Area	30	31	6	2	40
18	Madison, WI Metro Area	25	3	38	13	79
19	Nashville-Davidson–Murfreesboro–Franklin, TN Metro Area	25	54	35	17	4
20	Virginia Beach-Norfolk-Newport News, VA-NC Metro Area	51	12	57	30	61
21	Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Area	11	8	72	71	22
22	Augusta-Richmond County, GA-SC Metro Area	18	56	20	23	54
22	Bridgeport-Stamford-Norwalk, CT Metro Area	91	29	65	29	37
24	Albuquerque, NM Metro Area	15	28	59	25	66
25	Boston-Cambridge-Quincy, MA-NH Metro Area	18	46	50	31	29
26	Allentown-Bethlehem-Easton, PA-NJ Metro Area	58	51	61	20	11
27	Albany-Schenectady-Troy, NY Metro Area	4	18	30	4	61
28	Denver-Aurora, CO Metro Area	18	14	21	73	31
28	Ogden-Clearfield, UT Metro Area	43	8	55	64	37
30	Scranton–Wilkes-Barre, PA Metro Area	53	46	11	10	79
31	Wichita, KS Metro Area	8	42	3	21	40
32	Knoxville, TN Metro Area	15	42	15	11	44
33	Portland-South Portland-Biddeford, ME Metro Area	25	11	54	6	54
34	Honolulu, HI Metro Area	30	10	67	16	75
35	Columbia, SC Metro Area	37	56	7	37	85
35	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metro Area	47	46	49	26	44
37	Louisville-Jefferson County, KY-IN Metro Area	85	66	29	28	3
37	Minneapolis-St. Paul-Bloomington, MN-WI Metro Area	24	21	60	55	27
39	Des Moines-West Des Moines, IA Metro Area	37	6	24	39	66
40	Birmingham-Hoover, AL Metro Area	81	68	18	53	50
41	Richmond, VA Metro Area	69	26	56	42	90
42	Jackson, MS Metro Area	62	14	10	74	79
43	El Paso, TX Metro Area	3	63	31	1	95
44	Indianapolis-Carmel, IN Metro Area	53	26	33	67	77
45	Salt Lake City, UT Metro Area	47	6	69	76	40
46	Baltimore-Towson, MD Metro Area	37	24	74	62	61
47	Columbus, OH Metro Area	63	32	34	46	44
48	McAllen-Edinburg-Mission, TX Metro Area	1	82	43	24	97
49	Hartford-West Hartford-East Hartford, CT Metro Area	65	35	52	18	66
49	New Orleans-Metairie-Kenner, LA Metro Area	76	21	28	32	95
51	Chattanooga, TN-GA Metro Area	71	50	26	27	72
51	Poughkeepsie-Newburgh-Middletown, NY Metro Area	7	32	70	7	93
53	Greensboro-High Point, NC Metro Area	70	78	19	33	61
54	Charlotte-Gastonia-Concord, NC-SC Metro Area	73	82	39	47	79
55	Cincinnati-Middletown, OH-KY-IN Metro Area	63	53	40	60	26
55	San Jose-Sunnyvale-Santa Clara, CA Metro Area	33	85	85	77	18
57	Portland-Vancouver-Beaverton, OR-WA Metro Area	13	75	73	54	50
57	San Diego-Carlsbad-San Marcos, CA Metro Area	9	68	78	84	21
59	Milwaukee-Waukesha-West Allis, WI Metro Area	37	40	46	49	66
60	Cleveland-Elyria-Mentor, OH Metro Area	85	35	45	63	40
61	San Francisco-Oakland-Fremont, CA Metro Area	65	70	76	79	12
62	Springfield, MA Metro Area	22	60	53	38	60
63	Provo-Orem, UT Metro Area	15	2	75	88	78
64	New York-Northern New Jersey-Long Island, NY-NJ-PA Metro Area	11	54	66	14	89
64	Tucson, AZ Metro Area	47	38	82	70	12
66	Greenville-Mauldin-Easley, SC Metro Area	43	70	16	58	72
67	New Haven-Milford, CT Metro Area	58	32	64	45	90
72	Youngstown-Warren-Boardman, OH-PA Metro Area	97	89	23	34	58
68	St. Louis, MO-IL Metro Area	9	64	41	48	44
69	Memphis, TN-MS-AR Metro Area	83	64	27	65	72
70	Kansas City, MO-KS Metro Area	33	49	36	52	66
70	Phoenix-Mesa-Scottsdale, AZ Metro Area	82	42	93	90	22
73	Akron, OH Metro Area	56	58	44	57	54
74	Grand Rapids-Wyoming, MI Metro Area	88	87	62	72	1
75	Atlanta-Sandy Springs-Marietta, GA Metro Area	83	72	48	83	54
75	Charleston-North Charleston-Summerville, SC Metro Area	25	61	58	66	85
77	Worcester, MA Metro Area	30	61	63	56	93
78	Boise City-Nampa, ID Metro Area	90	58	83	92	32
78	Riverside-San Bernardino-Ontario, CA Metro Area	85	97	98	96	22
80	Palm Bay-Melbourne-Titusville, FL Metro Area	43	78	89	75	54
81	Los Angeles-Long Beach-Santa Ana, CA Metro Area	58	87	88	81	8
82	Sacramento–Arden-Arcade–Roseville, CA Metro Area	79	85	81	93	32
83	Las Vegas-Paradise, NV Metro Area	76	93	100	100	5
84	Bakersfield, CA Metro Area	76	93	95	95	18
85	Orlando-Kissimmee, FL Metro Area	65	81	90	94	54
86	Chicago-Naperville-Joliet, IL-IN-WI Metro Area	73	66	68	68	85
87	Fresno, CA Metro Area	41	96	92	89	9
87	Modesto, CA Metro Area	56	98	97	98	12
89	Dayton, OH Metro Area	93	73	47	44	98
90	Providence-New Bedford-Fall River, RI-MA Metro Area	73	89	71	50	79
90	Stockton, CA Metro Area	71	99	94	97	10
92	Toledo, OH Metro Area	93	78	51	59	85
93	Bradenton-Sarasota-Venice, FL Metro Area	99	91	91	69	90
94	Tampa-St. Petersburg-Clearwater, FL Metro Area	96	84	87	80	61
95	Oxnard-Thousand Oaks-Ventura, CA Metro Area	98	77	84	85	79
96	Jacksonville, FL Metro Area	93	73	79	86	66
97	Miami-Fort Lauderdale-Pompano Beach, FL Metro Area	88	75	99	91	50
98	Detroit-Warren-Livonia, MI Metro Area	92	100	80	82	32
99	Cape Coral-Fort Myers, FL Metro Area	100	93	96	99	100
100	Lakeland-Winter Haven, FL Metro Area	80	92	86	87	99

Methodology
To form our list, we ranked the 100 largest Metropolitan Statistical Areas–geographic entities that the U.S. Office of Management and Budget defines and uses in collecting statistics–in five categories: unemployment rate, Gross Metropolitan Product (a measure of the size of a city’s economy), foreclosures, home prices, and sales rates.

We ranked September unemployment rates (the most recent available by metro)using data from the Bureau of Labor Statistics; the percentage of a metro’s homes in foreclosure with September data provided by RealtyTrac; and the change in Gross Metropolitan Product between the first and second quarter of 2009 from the Brookings Institution’s MetroMonitor. We also included the second quarter 2009 year-over-year change in Freddie Mac’s ( FRE - news - people ) Conventional Mortgage Home Price Index–a measure of housing price inflation–and the average days on the market for properties currently on sale (to measure sales rates), from data from Zillow.com. We then averaged the scores for each measure to arrive at an overall ranking.

Mueller Row Homes

What are row homes?

Distinctive town-homes inspired by the brownstones of the Northeast with a central Texas flair. These carefree homes are located in the urban villages of Mueller less than 3 minutes from downtown Austin and the UT campus. Residents will enjoy master-planned amenities, such as:

* 5 Miles of hike and bike trails and over 140 acres of parks and green space
* Future Town Center with cafes, shops and plazas all within walking distance
* Three community pools and an open air amphitheatre
* Home to the Austin Film Society, Dell Children’s Hospital and The UT Health & Research Campus

Built by award-winning David Weekley Homes, owner’s can take pride in the design and quality these homes offer. All of the row homes are rated 3-star by the Austin Energy Green Building Program and equipped with an advanced structured-wiring system. Prices start in the $250’s at 1562 sq. ft. and range up to almost 2000 sq. ft. in the low $300’s. There is a plan to fit any “urban lifestyle!”  Check out the Mueller Row Homes in Austin’s newest urban community!

Find out more about Mueller Row Homes

Looking for an Austin Townhome for Sale?

Our One Year Growth Chart!

1 Year has flown by…and we here at the Elizabeth Riley Team and the Austin Homes Search family of web sites would like to say THANK YOU!

Our growth has been tremendous and we have you to thank!  We have implemented so many awesome search opportunities for you including the majority of Austin Lofts and Austin Condos broken down by Complex for you. In this past year we really implemented some cool cutting edge applications…Like Walking scores, Active Rain and whos amung us.

We are always looking for input from you and welcome comments, suggestions and ideas you may have to help make us and your experience better.  Have a great day and thank you once again for being a part of our continued growth and success!

Guadalupe 5

Guadalupe 5 is made up of 5 awesome modern lofts located in the heart of Austin! They were created by Michael Hsu Design Studio and have great, easy access to I-35, UT, the Triangle, and Crestview Station commuter rail stop.

Featured appliance are all Bosh brand. Flooring includes stained concrete, bamboo and tile. Some units have Rooftop terraces with private vegetative planters. Units are built with high end pre-engineered lumber and the developer used many green features like on-demand water heaters, low-E windows, native landscaping, and low VOC paint. Come check out these central Austin condos with super cool features like Exposed Concrete Masonry Units (CMU) which functions as structure, fire & acoustical barrier plus an interior finish.

Available Guadalupe 5 Lofts

Milago Austin Lofts

Milago Lofts offers a heated rooftop pool, high-speed Internet access, secure parking, an on-site gym,

24-hour concierge, a club room with kitchen for entertaining, and a third-floor terrace. Skyline views and lakeside living merge in a convenient downtown Austin setting at Milago Lofts. Perched on the edge of Town Lake in the Waterfront District, these elegant condos offer the perfect mix of the rugged outdoors and refined city living with direct access to the ten-mile Hike and Bike trail and a boat launch just outside your door.

Units come with hardwood and stone-tiled floors, walk-in closets, track lighting, and private balconies. Stainless steel appliances and granite countertops grace well-appointed kitchens, and tall cottage windows frame endless views of downtown and the lake.

Milago Lofts puts the best of Austin just outside your door.

Feel free to contact us if you have any detailed questions about Milago Lofts any of the surrounding buildings.

We would like to be your Milago Lofts listing agent.

If you have a home you would like to sell in Milago Lofts click here.

Click here to see homes for sale in Milago Lofts

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