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People & Companies, March 29, 2024
- Cushman & Wakefield announced that Ann Jaggars has joined the firm as Director in the Global Data Center Advisory Group. Jaggars joins Cushman & Wakefield from KBC Advisors where she specialized in industrial leasing, development and acquisitions, as well as land sales, in Dallas-Fort Worth. She began her commercial real estate career at Cushman & Wakefield and is a graduate of Texas A&M.
- Christian Kurtz, director of business development for the Pflugerville Community Development Corporation (PCDC) in Pflugerville, Texas, recently earned the designation of Certified Economic Developer (CEcD). Kurtz joins over 1,100 people worldwide who have been recognized for their skills in economic development by the International Economic Development Council (IEDC). Of the six candidates who successfully passed the examinations this month, Kurtz was the only Texan and is one of 141 active statewide designations in the state.
- According to Zumper, Dallas ranked as the 46th most expensive city to rent. The price of one-bedroom units in Dallas increased 0.7% to $1,360 last month, while two-bedroom units grew 1% to $1,950.
- In partnership with the Housing Authority of the City of Austin(HACA), The NRP Group announced the opening of The Markson, a 330-unit mixed-income housing development in Austin’s coveted Barton Springs community. More than half of the units will be reserved for residents earning 80% of the Area Median Income (AMI).
- Avison Young reports in the upcoming five years, Austin is poised to face the maturation of a substantial $17.8 billion in commercial real estate loans, with a notable chunk of over $5.2 billion scheduled for repayment in 2024 alone. Within this timeframe, Apartment and Hotel property types stand out, collectively constituting the majority of maturities at $3.3 billion and $783.7 million.
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