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Shonda Novak

Real estate reporter

Shonda Novak has covered residential and commercial real estate for the Austin American-Statesman for the past 12 years. Her beat includes the housing, retail, office, apartment and hotel markets in Central Texas, along with downtown’s high-rise residential building boom of the past decade and the region’s overall growth and development. A University of Texas graduate and Houston native, Novak has covered a variety of beats in her 30-year journalism career at newspapers including the Albuquerque Tribune, the Santa Fe New Mexican and the Beaumont Enterprise. 

Latest from Shonda Novak

Central Texas home starts hit highest level in a decade
 With no letup in housing demand, Central Texas builders kept up their swift pace in the first quarter, starting construction on homes at the fastest rate in a decade, according to new figures. Austin-area builders started work on 3,487 homes in the first quarter, a 1.3 percent increase over the same period last year, according to Metrostudy...

Posted: a day ago

With no letup in housing demand, Central Texas builders kept up their swift pace in the first quarter, starting construction on homes at the fastest rate in a decade, according to new figures. Austin-area builders started work on 3,487 homes in the first quarter, a 1.3 percent increase over the same period last year, according to Metrostudy...
High-rise project planned for downtown Austin block
 Another high-rise development is destined for yet another downtown Austin block. The Episcopal Church has selected Austin-based Cielo Property Group to partner in developing a church-owned block, with plans calling for a large mixed-use project, along with a permanent home for the church’s historical archives. Cielo Property Group,...

Posted: 3 days ago

Another high-rise development is destined for yet another downtown Austin block. The Episcopal Church has selected Austin-based Cielo Property Group to partner in developing a church-owned block, with plans calling for a large mixed-use project, along with a permanent home for the church’s historical archives. Cielo Property Group,...
FOR SALE: Aerosmith drummer Joey Kramer’s Austin-area estate
 Aerosmith drummer Joey Kramer’s Georgetown mansion can be yours — for $2.235 million. It might be pricey, but it’s a reduction from the $2.5 million that the 2.7-acre gated property was listed for before it was taken off the market last year, said Megan DiBartolo, a real estate agent with The Winnett Group Inc., told the...

Posted: 6 days ago

Aerosmith drummer Joey Kramer’s Georgetown mansion can be yours — for $2.235 million. It might be pricey, but it’s a reduction from the $2.5 million that the 2.7-acre gated property was listed for before it was taken off the market last year, said Megan DiBartolo, a real estate agent with The Winnett Group Inc., told the...
Central Texas home sales decline in March
 Home sales in the Austin area dipped in March year-over-year, while the median home-sales price climbed more than 5 percent, the latest figures show. The Austin Board of Realtors said 2,509 houses changed hands last month, down 1.4 percent from March 2016. Half of the residences sold for more than $295,767 and half for less, for a 5.6 percent...

Posted: 7 days ago

Home sales in the Austin area dipped in March year-over-year, while the median home-sales price climbed more than 5 percent, the latest figures show. The Austin Board of Realtors said 2,509 houses changed hands last month, down 1.4 percent from March 2016. Half of the residences sold for more than $295,767 and half for less, for a 5.6 percent...
SPRING SLIP: Central Texas home sales slide in March
 Home sales in the Austin metro area dipped in March year-over-year, while the median home-sales price climbed more than 5 percent, the latest figures show. The Austin Board of Realtors said 2,509 homes changed hands last month, down 1.4 percent from March 2016. Half of the residences sold for more than $295,767 and half for less, for a 5...

Posted: 7 days ago

Home sales in the Austin metro area dipped in March year-over-year, while the median home-sales price climbed more than 5 percent, the latest figures show. The Austin Board of Realtors said 2,509 homes changed hands last month, down 1.4 percent from March 2016. Half of the residences sold for more than $295,767 and half for less, for a 5...
To lure recruits, Austin firms look for higher-end digs

Posted: 10 days ago

In the Austin metro area’s office market, real estate experts say they are noticing a “flight to quality” trend — tenants looking for better office pace in an effort to attract and retain talent. “Demand is greatest for newer space in well located areas,” said Diana Holford, senior vice president in Austin...
Austin office market still strong despite uptick in vacancy
 The occupancy rate in Central Texas’ office market softened slightly in the first quarter compared to a year ago but rents are still on the rise, a new industry report shows. In its quarterly office market report, Cushman & Wakefield said the occupancy rate for top-tier space (Class A) averaged 90.1 percent at the end of March, down...

Posted: 10 days ago

The occupancy rate in Central Texas’ office market softened slightly in the first quarter compared to a year ago but rents are still on the rise, a new industry report shows. In its quarterly office market report, Cushman & Wakefield said the occupancy rate for top-tier space (Class A) averaged 90.1 percent at the end of March, down...
DPR: Contractor booming with Central Texas’ economy
 Amid Central Texas’ ongoing building boom, DPR Construction is one of the region’s busiest construction firms, with an ever-expanding list of high-profile projects bearing its banner. Current projects for the company include Charles Schwab’s new Gracy Farms campus in North Austin; a 32-story tower at Seventh Street and Congress...

Posted: 13 days ago

Amid Central Texas’ ongoing building boom, DPR Construction is one of the region’s busiest construction firms, with an ever-expanding list of high-profile projects bearing its banner. Current projects for the company include Charles Schwab’s new Gracy Farms campus in North Austin; a 32-story tower at Seventh Street and Congress...
Former AMD campus part of planned $135 million project
 Plans for a 77-acre, $135 million corporate campus are taking shape in Southeast Austin, spearheaded by Riverside Resources, a local developer with a growing number of high-profile projects. The Austin-based developer plans to construct three new buildings on 18.5 acres that were part of AMD’s former office campus at 5900 E. Ben White...

Posted: 13 days ago

Plans for a 77-acre, $135 million corporate campus are taking shape in Southeast Austin, spearheaded by Riverside Resources, a local developer with a growing number of high-profile projects. The Austin-based developer plans to construct three new buildings on 18.5 acres that were part of AMD’s former office campus at 5900 E. Ben White...
Travis County’s taxable home values climb 8% for 2017
 The average home value in Travis County rose nearly 8 percent for 2017, reflecting the continued strength in Central Texas’ housing market, the Travis Central Appraisal District said Tuesday. The 7.9 percent increase pushed the average taxable value to $307,997, up from $285,332 last year, Chief Appraiser Marya Crigler said in releasing...

Posted: 23 days ago

The average home value in Travis County rose nearly 8 percent for 2017, reflecting the continued strength in Central Texas’ housing market, the Travis Central Appraisal District said Tuesday. The 7.9 percent increase pushed the average taxable value to $307,997, up from $285,332 last year, Chief Appraiser Marya Crigler said in releasing...
Travis home values jump 8 percent for 2017
 Home values in Travis County rose nearly 8 percent on average for 2017, reflecting continued strength in Central Texas’ housing market, the Travis Central Appraisal District said Tuesday. The 7.9 percent increase pushed the average taxable value to $307,997, up from $285,332 last year, Travis County Chief Appraiser Marya Crigler said...

Posted: 23 days ago

Home values in Travis County rose nearly 8 percent on average for 2017, reflecting continued strength in Central Texas’ housing market, the Travis Central Appraisal District said Tuesday. The 7.9 percent increase pushed the average taxable value to $307,997, up from $285,332 last year, Travis County Chief Appraiser Marya Crigler said...