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

Austin-area home sales, median price climb in July
 Strong homebuying activity this summer pushed July home sales to their highest level in seven years, and the median home-sale price climbed to its highest monthly level on record, the latest figures show In the Austin-Round Rock metro area, July home sales rose 8.8 percent over the previous July, with 3,103 sales recorded. That was the highest...

Posted: an hour ago

Strong homebuying activity this summer pushed July home sales to their highest level in seven years, and the median home-sale price climbed to its highest monthly level on record, the latest figures show In the Austin-Round Rock metro area, July home sales rose 8.8 percent over the previous July, with 3,103 sales recorded. That was the highest...
Austin-area home sales, median price jump in July
 Strong homebuying activity throughout the summer in Central Texas pushed July home sales to their highest level in seven years, and the median home-sale price climbed to its highest monthly level on record, the Austin Board of Realtors said Thursday. In the Austin-Round Rock metro area, July home sales rose 8.8 percent over the previous July...

Posted: 4 hours ago

Strong homebuying activity throughout the summer in Central Texas pushed July home sales to their highest level in seven years, and the median home-sale price climbed to its highest monthly level on record, the Austin Board of Realtors said Thursday. In the Austin-Round Rock metro area, July home sales rose 8.8 percent over the previous July...
Chanel plans Austin manufacturing plant
 French retailer Chanel plans to build a manufacturing facility in Austin, according to county deed records and documents filed with the city. The company – known for its pricey perfumes, handbags, jewelry, fashion wear, makeup and skin care products — has purchased 50 acres east of Austin-Bergstrom International Airport through...

Posted: a day ago

French retailer Chanel plans to build a manufacturing facility in Austin, according to county deed records and documents filed with the city. The company – known for its pricey perfumes, handbags, jewelry, fashion wear, makeup and skin care products — has purchased 50 acres east of Austin-Bergstrom International Airport through...
Tech takeover: Arrival of industry giants remaking downtown Austin
 Social media giants, internet companies, the world’s largest retailer and the U.S. military. That’s just a short list of the players moving into or expanding their operations in downtown Austin in a race to attract tech workers. The result, experts say, could be a transformation of the city’s core into a technology center...

Posted: 6 days ago

Social media giants, internet companies, the world’s largest retailer and the U.S. military. That’s just a short list of the players moving into or expanding their operations in downtown Austin in a race to attract tech workers. The result, experts say, could be a transformation of the city’s core into a technology center...
Railyard condo project in downtown Austin hits the market
 It’s a developer’s dream: Two unrestricted parcels in downtown Austin that could become a blank canvas on which to envision a large mixed-use project near both the Austin Convention Center and a commuter rail stop. The dream could become a reality if a developer offers owners of the 112-unit Railyard condominiums a price they...

Posted: 13 days ago

It’s a developer’s dream: Two unrestricted parcels in downtown Austin that could become a blank canvas on which to envision a large mixed-use project near both the Austin Convention Center and a commuter rail stop. The dream could become a reality if a developer offers owners of the 112-unit Railyard condominiums a price they...
Site of ’80s-built Austin condos is a developer’s dream, and it’s for sale
 It’s a developer’s dream: Two unrestricted parcels in downtown Austin that could become a blank canvas on which to envision a large mixed-use project near both the Austin Convention Center and a commuter rail stop. The dream could become a reality if a developer offers owners of the 112-unit Railyard condominiums a price they...

Posted: 13 days ago

It’s a developer’s dream: Two unrestricted parcels in downtown Austin that could become a blank canvas on which to envision a large mixed-use project near both the Austin Convention Center and a commuter rail stop. The dream could become a reality if a developer offers owners of the 112-unit Railyard condominiums a price they...
Seven-story office development planned for South Lamar Schlotzsky’s site
 A seven-story office building that could be up to 96 feet tall is being planned for a site just south of Lady Bird Lake that now houses a Schlotzsky’s restaurant. The 1.26-acre property at 218 S. Lamar Blvd. is owned by Michael Carl Pfluger and William Reid Pfluger. The developer of the proposed project, Generational Commercial, plans...

Posted: 15 days ago

A seven-story office building that could be up to 96 feet tall is being planned for a site just south of Lady Bird Lake that now houses a Schlotzsky’s restaurant. The 1.26-acre property at 218 S. Lamar Blvd. is owned by Michael Carl Pfluger and William Reid Pfluger. The developer of the proposed project, Generational Commercial, plans...
Austin-area home starts climb 3.3% in second quarter
 Amid strong demand for housing, Central Texas homebuilders ramped up production in the second quarter as they started work on more than 4,500 houses, new figures show. Starts totaled 4,537 from April through June, a 3.3 percent increase over the year-ago quarter, Metrostudy said in its latest report Thursday. For the 12 months that ended...

Posted: 24 days ago

Amid strong demand for housing, Central Texas homebuilders ramped up production in the second quarter as they started work on more than 4,500 houses, new figures show. Starts totaled 4,537 from April through June, a 3.3 percent increase over the year-ago quarter, Metrostudy said in its latest report Thursday. For the 12 months that ended...
Austin-area apartment rents hit record high
 For a couple of years, apartment dwellers in the Austin-area got a bit of a break from sharply rising rents amid a surge of new supply and somewhat slower job growth. But the respite is proving to be short-lived, experts say. Job growth has gained momentum, leasing has picked up steam and the Central Texas apartment market is once again on...

Posted: 26 days ago

For a couple of years, apartment dwellers in the Austin-area got a bit of a break from sharply rising rents amid a surge of new supply and somewhat slower job growth. But the respite is proving to be short-lived, experts say. Job growth has gained momentum, leasing has picked up steam and the Central Texas apartment market is once again on...
At midyear, Austin-area home sales remain on record pace
 Despite dipping in June, Central Texas home sales were up in the first half of the year over the first six months of 2017, likely putting the region’s housing market on track for another record year, the Austin Board of Realtors said Tuesday. A total of 15,364 sold in the first half of the year, up 3.7 percent from the first half of...

Posted: 30 days ago

Despite dipping in June, Central Texas home sales were up in the first half of the year over the first six months of 2017, likely putting the region’s housing market on track for another record year, the Austin Board of Realtors said Tuesday. A total of 15,364 sold in the first half of the year, up 3.7 percent from the first half of...
Surging Austin office market hits record high for rents
 Buoyed by Central Texas’ continued job growth, the Austin-area office market saw rents for top-tier space reach a record high in the second quarter, the latest figures show. Rents for Class A space — both in downtown Austin and across the region — hit all-time highs of $56.63 per square foot and $40.17 per square foot, respectively...

8:32 PM Wednesday, Jul. 11, 2018

Buoyed by Central Texas’ continued job growth, the Austin-area office market saw rents for top-tier space reach a record high in the second quarter, the latest figures show. Rents for Class A space — both in downtown Austin and across the region — hit all-time highs of $56.63 per square foot and $40.17 per square foot, respectively...