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

Plan would demolish Arbor cinema, Manuel’s to build apartments, shops
 The Great Hills Market shopping center in Austin’s Arboretum area is slated to be redeveloped over time into a mixed-use project that would replace a popular arthouse theater and Manuel’s Mexican restaurant. The project is proposed for 17.2 acres bounded by U.S. 183, Great Hills Trail and Jollyville Road, site of Great Hills Market...

Posted: a day ago

The Great Hills Market shopping center in Austin’s Arboretum area is slated to be redeveloped over time into a mixed-use project that would replace a popular arthouse theater and Manuel’s Mexican restaurant. The project is proposed for 17.2 acres bounded by U.S. 183, Great Hills Trail and Jollyville Road, site of Great Hills Market...
Economist: Austin area needs more housing supply

Posted: 3 days ago

The Austin area housing market remains one of the healthiest in the nation, even as it grapples with affordability challenges and an undersupply of housing, a national economist said Wednesday. Lawrence Yun, chief economist for the National Association of Realtors, spoke at the annual membership meeting of the Austin Board of Realtors, which...
Petitioners prevail in Austin Board of Realtors election
 The Austin Board of Realtors will begin 2018 with seven newly elected directors who all campaigned on a platform of greater transparency for the 13,000-member organization. The seven new directors, whose terms start Jan. 1, include Austin real estate agents Cord Shiflet and Brian Talley, who the board had ousted on Aug. 2. In published reports...

Posted: 4 days ago

The Austin Board of Realtors will begin 2018 with seven newly elected directors who all campaigned on a platform of greater transparency for the 13,000-member organization. The seven new directors, whose terms start Jan. 1, include Austin real estate agents Cord Shiflet and Brian Talley, who the board had ousted on Aug. 2. In published reports...
Central Texas home sales decline 4.3% in September
 Single-family home sales declined across most areas of Central Texas in September, while the median price in the region overall rose more than 5 percent, to $291,464, the latest figures show. In its monthly report released Tuesday, the Austin Board of Realtors said there were 2,433 home sales in the Austin-Round Rock metro last month, down...

Posted: 4 days ago

Single-family home sales declined across most areas of Central Texas in September, while the median price in the region overall rose more than 5 percent, to $291,464, the latest figures show. In its monthly report released Tuesday, the Austin Board of Realtors said there were 2,433 home sales in the Austin-Round Rock metro last month, down...
Central Texas home sales decline in September
 Single-family home sales declined across most areas of Central Texas in September, while the median price in the region rose more than 5 percent, to $291,464, the latest figures show. In its monthly report, the Austin Board of Realtors said there were 2,433 home sales in the Austin-Round Rock metro area last month, down 4.3 percent from September...

Posted: 4 days ago

Single-family home sales declined across most areas of Central Texas in September, while the median price in the region rose more than 5 percent, to $291,464, the latest figures show. In its monthly report, the Austin Board of Realtors said there were 2,433 home sales in the Austin-Round Rock metro area last month, down 4.3 percent from September...
Amid member fight, Hilgers leaving as CEO of Austin Board of Realtors
 Paul Hilgers, CEO of the Austin Board of Realtors since 2013, will step down from the 13,000-member trade association effective Dec. 31, the board said Monday. The news comes amid an ongoing dispute between the organization and some of its members. A group of real estate agents, led by Austin Board of Realtors members Cord Shiflet, Brian...

Posted: 5 days ago

Paul Hilgers, CEO of the Austin Board of Realtors since 2013, will step down from the 13,000-member trade association effective Dec. 31, the board said Monday. The news comes amid an ongoing dispute between the organization and some of its members. A group of real estate agents, led by Austin Board of Realtors members Cord Shiflet, Brian...
EXCLUSIVE: Apartment project set for old Treehouse site off Barton Springs Road
 A site that has sat empty for three decades along Barton Springs Road is poised to be transformed with 74 upscale apartments that would have views of downtown Austin’s skyline and pricey rents. Located atop a bluff at Barton Springs and Dawson roads, the site once housed a trendy restaurant and club, Mackendrick’s Treehouse, which...

Posted: 9 days ago

A site that has sat empty for three decades along Barton Springs Road is poised to be transformed with 74 upscale apartments that would have views of downtown Austin’s skyline and pricey rents. Located atop a bluff at Barton Springs and Dawson roads, the site once housed a trendy restaurant and club, Mackendrick’s Treehouse, which...
Apartment project set for old Treehouse site off Barton Springs Road
 A site that has sat empty for three decades along Barton Springs Road is poised to be transformed with 74 upscale apartments that would have pricey rents and views of downtown Austin’s skyline Located atop a bluff at Barton Springs and Dawson roads, the site once housed a trendy restaurant and club, Mackendrick’s Treehouse, which...

Posted: 10 days ago

A site that has sat empty for three decades along Barton Springs Road is poised to be transformed with 74 upscale apartments that would have pricey rents and views of downtown Austin’s skyline Located atop a bluff at Barton Springs and Dawson roads, the site once housed a trendy restaurant and club, Mackendrick’s Treehouse, which...
Rents hit record highs in Austin’s office market
 Rents for Austin-area office space hit new highs in the third quarter, the latest figures show, as demand continued to outpace supply in the local market Rents for top-tier (Class A) office space in the Austin market reached $39.71 a square foot, an all-time high, Cushman & Wakefield Austin said its third-quarter report. Rents for top-tier...

Posted: 12 days ago

Rents for Austin-area office space hit new highs in the third quarter, the latest figures show, as demand continued to outpace supply in the local market Rents for top-tier (Class A) office space in the Austin market reached $39.71 a square foot, an all-time high, Cushman & Wakefield Austin said its third-quarter report. Rents for top-tier...
Judge rules against Austin Board of Realtors in election fight
 The Austin Board of Realtors has lost a court battle over the terms of its upcoming board election. As part of a lawsuit filed by two of the organization’s members, State District Judge Jan Soifer has ordered the Board of Realtors to include seven open seats on its board of directors in this month’s election, rather than the five...

Posted: 16 days ago

The Austin Board of Realtors has lost a court battle over the terms of its upcoming board election. As part of a lawsuit filed by two of the organization’s members, State District Judge Jan Soifer has ordered the Board of Realtors to include seven open seats on its board of directors in this month’s election, rather than the five...
Amazon has quietly more than doubled its Austin presence in past year
 Amazon has more than doubled its Austin workforce in the past year, and indications are that more local growth could be in the works, separate from the e-commerce giant’s splashy purchase of Austin-based Whole Foods Market and its high-profile search for a second corporate headquarters. The company, which opened an Austin office in...

Posted: 17 days ago

Amazon has more than doubled its Austin workforce in the past year, and indications are that more local growth could be in the works, separate from the e-commerce giant’s splashy purchase of Austin-based Whole Foods Market and its high-profile search for a second corporate headquarters. The company, which opened an Austin office in...