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

$12 million renovation project set for Great Hills Country Club
 Construction is due to start this month on an all-new Great Hills Country Club in Northwest Austin, which will replace the club that went up in the mid-1970s. The new, $12 million complex will consist of a two-story, 27,000 square foot clubhouse; a one-story community recreation building with 4,500 square feet; and a pool pavilion, plus new...

Posted: 4 days ago

Construction is due to start this month on an all-new Great Hills Country Club in Northwest Austin, which will replace the club that went up in the mid-1970s. The new, $12 million complex will consist of a two-story, 27,000 square foot clubhouse; a one-story community recreation building with 4,500 square feet; and a pool pavilion, plus new...
Austin Oaks office complex goes on the market
 Creating a major redevelopment opportunity in Central Austin, Austin Oaks, a 12-building office complex in Northwest Austin that sparked that sparked a lengthy zoning fight, has been put on the market. Marketing materials tout the sprawling, 31.4-acre complex as a “one-of-a-kind opportunity” to acquire and redevelop Austin&rsquo...

Posted: 7 days ago

Creating a major redevelopment opportunity in Central Austin, Austin Oaks, a 12-building office complex in Northwest Austin that sparked that sparked a lengthy zoning fight, has been put on the market. Marketing materials tout the sprawling, 31.4-acre complex as a “one-of-a-kind opportunity” to acquire and redevelop Austin&rsquo...
Central Texas homes sales, prices set January records
 The Central Texas housing market kicked off 2018 showing continued strength, with home sales and the area’s median sales price both at record highs for the month of January, the Austin Board of Realtors said Thursday. January’s year-over-year increases came despite a housing supply crunch, signaling that 2018 could be another...

Posted: 8 days ago

The Central Texas housing market kicked off 2018 showing continued strength, with home sales and the area’s median sales price both at record highs for the month of January, the Austin Board of Realtors said Thursday. January’s year-over-year increases came despite a housing supply crunch, signaling that 2018 could be another...
World Class completes acquisition of 3M’s Austin campus
 World Class Property Co. has closed on the purchase of 3M’s 1.3-million-square-foot campus in far Northwest Austin. The price was not disclosed. The campus sits on 158 acres off RM 2222 and RM 620 in Austin’s high-tech corridor, making it a rare office campus in one of the fastest-growing cities in America, Nate Paul, president...

Posted: 11 days ago

World Class Property Co. has closed on the purchase of 3M’s 1.3-million-square-foot campus in far Northwest Austin. The price was not disclosed. The campus sits on 158 acres off RM 2222 and RM 620 in Austin’s high-tech corridor, making it a rare office campus in one of the fastest-growing cities in America, Nate Paul, president...
Survey: A break for Austin-area apartment renters at last
 Ever since 2010, Austin-area renters could count on one thing: Renting an apartment was going to get more expensive every year. For the past seven years, Central Texas’ job and population growth, coupled with a lagging supply of apartments, led to “a steady drumbeat of increasing rents,” said real estate consultant Charles...

Posted: 12 days ago

Ever since 2010, Austin-area renters could count on one thing: Renting an apartment was going to get more expensive every year. For the past seven years, Central Texas’ job and population growth, coupled with a lagging supply of apartments, led to “a steady drumbeat of increasing rents,” said real estate consultant Charles...
Work starts on mixed-use project in East Austin
 Cielo Property Group has broken ground in East Austin on The Foundry, a mixed-use office and residential project that will become the new regional office for DPR Construction. DPR, which will serve as general contractor on the project, has leased 30,000 square feet in the three-story, 76,000-square foot office portion of The Foundry, at Fourth...

Posted: 17 days ago

Cielo Property Group has broken ground in East Austin on The Foundry, a mixed-use office and residential project that will become the new regional office for DPR Construction. DPR, which will serve as general contractor on the project, has leased 30,000 square feet in the three-story, 76,000-square foot office portion of The Foundry, at Fourth...
The Amazon guessing game: Where in Austin could HQ2 go?
 When Austin made the list of 20 finalists for Amazon’s second headquarters project, it spurred a new local guessing game: If the online retail giant did pick Austin, where would the new development be built?  In its proposal for the Amazon project, dubbed HQ2, the Greater Austin Chamber of Commerce submitted 40 to 50 potential...

Posted: 21 days ago

When Austin made the list of 20 finalists for Amazon’s second headquarters project, it spurred a new local guessing game: If the online retail giant did pick Austin, where would the new development be built?  In its proposal for the Amazon project, dubbed HQ2, the Greater Austin Chamber of Commerce submitted 40 to 50 potential...
Experts: Expect another strong year for Austin housing market
 This year’s housing market in Central Texas could shake out much like last year’s, with labor and lots in short supply, strong demand due to job and population growth — and a continued rise in home prices. That was the outlook Wednesday from real estate expert Eldon Rude, delivered to more than 600 builders and other industry...

Posted: 23 days ago

This year’s housing market in Central Texas could shake out much like last year’s, with labor and lots in short supply, strong demand due to job and population growth — and a continued rise in home prices. That was the outlook Wednesday from real estate expert Eldon Rude, delivered to more than 600 builders and other industry...
Austin-area home starts hit second-highest level on record
 Amid continued strong demand for housing, Central Texas builders started construction on just over 16,000 homes last year, the second-highest level on record, new figures show. The only other time the Austin area finished a year with more than 16,000 starts was in 2006, when builders put hammer and nail to 17,784 houses, said Metrostudy,...

Posted: 28 days ago

Amid continued strong demand for housing, Central Texas builders started construction on just over 16,000 homes last year, the second-highest level on record, new figures show. The only other time the Austin area finished a year with more than 16,000 starts was in 2006, when builders put hammer and nail to 17,784 houses, said Metrostudy,...
After strong 2017 finish, outlook bright for Austin office market
 The Austin-area’s office market rolled to a strong finish in 2017, new reports show, propelled by Fortune 500 companies including Facebook Inc., Google, Indeed and HomeAway signing sizeable office leases in the market last year. Major lease transactions were the theme of 2017, according to the latest office market report from the Austin...

8:01 PM Monday, Jan. 22, 2018

The Austin-area’s office market rolled to a strong finish in 2017, new reports show, propelled by Fortune 500 companies including Facebook Inc., Google, Indeed and HomeAway signing sizeable office leases in the market last year. Major lease transactions were the theme of 2017, according to the latest office market report from the Austin...
Austin-area home sales, prices hit record highs in 2017
 Last year was another record-breaker for Central Texas’ housing market, the newest numbers show. And some local real estate agents and housing market experts predict 2018 will look a lot like 2017, with the market staying strong yet concerns about affordability lingering as prices continue their anticipated climb. The Austin Board of...

8:11 PM Thursday, Jan. 18, 2018

Last year was another record-breaker for Central Texas’ housing market, the newest numbers show. And some local real estate agents and housing market experts predict 2018 will look a lot like 2017, with the market staying strong yet concerns about affordability lingering as prices continue their anticipated climb. The Austin Board of...