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 starts up 13.1% in 1st quarter
 Home construction continued to boom in Central Texas in the first quarter, with builders starting work on 13 percent more houses than in the same quarter last year, the latest figures show. “Austin continues to ride the wave of buyer demand into the spring selling season,” said Vaike O’Grady, Austin regional director for...

Posted: 15 hours ago

Home construction continued to boom in Central Texas in the first quarter, with builders starting work on 13 percent more houses than in the same quarter last year, the latest figures show. “Austin continues to ride the wave of buyer demand into the spring selling season,” said Vaike O’Grady, Austin regional director for...
More South Congress changes: Developer remaking complex
 More changes are taking place on Austin’s trendy South Congress Avenue, with the latest redevelopment underway at the site that houses the CityView at Soco apartments. The developer, Turnbridge Equities, is demolishing a four-story building at the front of the complex, which is at 1007 S. Congress Ave. The old building — which...

Posted: a day ago

More changes are taking place on Austin’s trendy South Congress Avenue, with the latest redevelopment underway at the site that houses the CityView at Soco apartments. The developer, Turnbridge Equities, is demolishing a four-story building at the front of the complex, which is at 1007 S. Congress Ave. The old building — which...
Central Texas home sales end 1st quarter with a flourish
 The Austin area’s home sales and median home sales price both hit record highs for the month of March, bringing the region’s housing market to a strong close for the first quarter, the Austin Board of Realtors said Thursday. Sales rose 10.5 percent over March of 2017, and the median price of the houses sold was up 3.5 percent...

Posted: 6 days ago

The Austin area’s home sales and median home sales price both hit record highs for the month of March, bringing the region’s housing market to a strong close for the first quarter, the Austin Board of Realtors said Thursday. Sales rose 10.5 percent over March of 2017, and the median price of the houses sold was up 3.5 percent...
Lofts on Rock project set to open in downtown Georgetown
 Construction is expected to wrap up this month on what is being billed as the first residential mixed-use project in downtown Georgetown. The Lofts on Rock is a five-story project by Cerus Development LLC at 810 Rock St. in Georgetown’s historic district. The building has 12 upscale condominiums, plus commercial space on the ground...

Posted: 8 days ago

Construction is expected to wrap up this month on what is being billed as the first residential mixed-use project in downtown Georgetown. The Lofts on Rock is a five-story project by Cerus Development LLC at 810 Rock St. in Georgetown’s historic district. The building has 12 upscale condominiums, plus commercial space on the ground...
Plans move ahead for mixed-use project at Garza Ranch site
 A development firm says it is moving ahead with plans for a mixed-use development on a 34-acre tract of raw land in Southwest Austin that for years stirred battles over what could be built there. Brandywine Realty Trust said Monday that it has signed on development partners for the project on the Garza Ranch site, which is at MoPac Boulevard...

Posted: 9 days ago

A development firm says it is moving ahead with plans for a mixed-use development on a 34-acre tract of raw land in Southwest Austin that for years stirred battles over what could be built there. Brandywine Realty Trust said Monday that it has signed on development partners for the project on the Garza Ranch site, which is at MoPac Boulevard...
Oracle plans to nearly double size of Austin campus, city documents show
 Oracle’s massive Austin waterfront campus is about to get even bigger. In March, Oracle moved into its new, five-story building in Southeast Austin that spans more than half a million square feet and overlooks Lady Bird Lake. Now, new plans filed with the city of Austin show just how much larger the corporate campus along South...

Posted: 14 days ago

Oracle’s massive Austin waterfront campus is about to get even bigger. In March, Oracle moved into its new, five-story building in Southeast Austin that spans more than half a million square feet and overlooks Lady Bird Lake. Now, new plans filed with the city of Austin show just how much larger the corporate campus along South...
Austin office market keeps humming along
 The Austin-area office market kept rolling in the first quarter, with rents for top-quality space at a record high and the occupancy rate also up from a year ago, the latest figures show. In its latest quarterly report, commercial brokerage Cushman & Wakefield Austin said rents for Class A space rose, on average, to $39.93 a square foot per...

Posted: 15 days ago

The Austin-area office market kept rolling in the first quarter, with rents for top-quality space at a record high and the occupancy rate also up from a year ago, the latest figures show. In its latest quarterly report, commercial brokerage Cushman & Wakefield Austin said rents for Class A space rose, on average, to $39.93 a square foot per...
Austin Board of Realtors names new CEO

Posted: 20 days ago

Emily Chenevert is the new chief executive officer of the Austin Board of Realtors. Chenevert, who has been the group’s interim CEO since Jan. 1, will assume the new post effective immediately, the board said in a prepared statement Thursday. She is the group’s first female CEO. The announcement follows a unanimous vote by the...
Statesman’s new owner says Austin will be ‘a flagship’ for media group
 Executives with New York-based publishing company GateHouse Media, the new owner of the Austin American-Statesman, said Tuesday that they envision Austin becoming a key hub for the company’s expanding media operations throughout the west. “We really want Austin to be a flagship of GateHouse,” said Jason Taylor, president...

Posted: 22 days ago

Executives with New York-based publishing company GateHouse Media, the new owner of the Austin American-Statesman, said Tuesday that they envision Austin becoming a key hub for the company’s expanding media operations throughout the west. “We really want Austin to be a flagship of GateHouse,” said Jason Taylor, president...
Home values keep on climbing in Travis County
 On Friday, Travis County Chief Appraiser Marya Crigler will start sending out property value appraisal notices to Travis County homeowners – and the reaction from homeowners probably will be pretty familiar. If you’re trying to sell your house, you’ll likely be pretty happy with your home’s new valuation. If you are...

Posted: 27 days ago

On Friday, Travis County Chief Appraiser Marya Crigler will start sending out property value appraisal notices to Travis County homeowners – and the reaction from homeowners probably will be pretty familiar. If you’re trying to sell your house, you’ll likely be pretty happy with your home’s new valuation. If you are...
Newly hired Austin ISD executive to oversee his current employer
 The Austin school district’s hire for a newly created executive position creates serious potential conflicts of interest, critics of the decision say. In his new role, Matias Segura, the district’s new operations officer, will oversee the work of his current employer, AECOM, one of two firms that will manage $1.1 billion in construction...

Posted: 28 days ago

The Austin school district’s hire for a newly created executive position creates serious potential conflicts of interest, critics of the decision say. In his new role, Matias Segura, the district’s new operations officer, will oversee the work of his current employer, AECOM, one of two firms that will manage $1.1 billion in construction...