Letter to the editor: Focus on diversity has gone too far

ABJ reader Jason Clark responds to the Sept. 15 cover story, ‘This is Austin… And this is a problem,’ that took an in-depth look at the financial costs to businesses that do not diversify their workforce, and the growing number of studies that show companies that put an emphasis on diversity in hiring outperform companies that don’t.

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New details: Alamo Drafthouse could turn former school into corporate HQ

Alamo Drafthouse Cinema LLC could turn a former schoolhouse in North Central Austin into its new headquarters, complete with a community cultural center, art galleries and affordable housing for public school workers.
The Austin-based chain of movie theaters submitted a bid for the Baker Center, at 3908 Avenue B in the Hyde Park neighborhood, more than a year ago. But details of its proposal were uncovered by the Austin American-Statesman.
Austin Independent School District owns the Baker Center.…

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Investors boost AMD stock on reports of Tesla partnership

Advanced Micro Devices Inc. has been quietly working on a program to help Tesla Inc. design its own self-driving car chips, CNBC reports, citing unnamed sources.
AMD (Nasdaq: AMD) shares had been trading at around $13 apiece late Wednesday afternoon, before news outlets reported on the hush-hush partnership. The stock opened Thursday at around $14 per share, a rapid jump in such a short period, before falling to around $13.70 by 10:30 a.m. Go here to track AMD’s shares.
Meanwhile, shares of current…

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Ardent Residential flexes multifamily muscle with new projects in divergent locales

Ardent Residential has more than a decade of development history in Austin. The company has a habit of building, leasing up and selling as soon as possible.

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Texas Association of Business CEO: State should be on ‘short list for any high-tech expansion’

"Amazon is tied closely to logistics, and we have a very good logistics infrastructure."

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Austin-born Texadelphia to return to Houston after 2-year hiatus

Houstonians craving a Texas-inspired Philly cheesesteak soon won’t have to drive to Austin or Dallas.
Texadelphia Bar & Grill will open Oct. 2 at 8383 Westheimer Road, according to a Facebook post.
The Houston Business Journal previously reported that Texadelphia would return to the Bayou City, but an exact opening date was not announced at the time.
The company’s last Houston eatery closed in 2015.
The new 2,984-square-foot Texadelphia will be run by Haley Sheppard and Branch Sheppard, a director…

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$60 million improvement project to temporarily slow SH 130, nation’s fastest highway

Jordan Foster Construction LLC has been named general contractor for a $60 million improvement project along the southern portion of the State Highway 130 toll road.
SH 130 Concession Co. recently selected the El Paso-based company to oversee the major project along the 41-mile stretch of highway from Mustang Ridge to Seguin, according to a Sept. 19 announcement. Work to smooth the pavement will begin in October and is expected to last a year; the road will remain open for the duration.
The repairs…

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Fight between Austin Realtors, ABOR elevates to a lawsuit

Two local residential real estate agents locked in a dispute with the Austin Board of Realtors have escalated the conflict by filing a lawsuit.
Cord Shiflet of Moreland Properties and Brian Talley of Regent Property Group filed the suit Wednesday in Travis County District Court, the Austin American-Statesman reports.
Shiflet and Talley claim ABOR’s upcoming board election violates the group’s own bylaws, per the Statesman. The two were removed from the board in August for asking questions about…

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Real Estate Roundup: Hotel sales, new office space & a shop combining beer and kolaches

A national real estate investment trust purchased a recently completed hotel at the airport and a new craft beer joint opens on Manor Road. Dive into the details on who bought what and which brokers handled the transactions.

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Cronin’s Office Hours, September edition: A snapshot of 3 Capital Factory startups

In ABJ’s latest installment of its monthly meetup with Capital Factory entrepreneurs, meet a company that provides college teachers and students a real-time, web-based method to communicate with each other; a startup that helps companies present data and hold meetings using virtual and augmented reality; and a company that helps people who want to learn how to ski save about 50 percent by using its website to make reservations for lessons.

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