Demand for Austin’s Seaholm condos surprises many; $5,000 for a foot in door

The Seaholm Power Plant redevelopment recently announced that all of its 280 condo units have been reserved – and while those reservations didn’t come with a down payment, they did come with a refundable $5,000 reservation fee. The $5,000 fee places a hold on a unit, but doesn’t lock either side into a contract for the condo. That 280 potential buyers are willing to put down $5,000 for a reservation doesn’t necessarily mean they’ll make a down payment, but it is an encouraging sign for developers…



California investors to expand Austin’s Onion Creek neighborhood

A fledgling homebuilder that was founded recently in Newport Beach, Calif., has secured a large land parcel in far South Austin where it plans to build 287 single-family homes. American Housing Ventures is calling the 115-acre development Legends at Onion Creek. “It’s fully entitled and we have the second quarter of 2014 as our target to begin phase 1,” said Mark Wolf, CEO of American Housing Ventures. Some grading work has begun, and Wolf said the recent floods in the vicinity of Onion…


Dell to open downtown pop-up store

Dell Inc. is planning to open a pop-up store in downtown Austin this week to show off its new line of laptop and tablet computers to Formula 1 fans. The Round Rock-based company has scheduled a preview for Thursday at the store that would be at 506 Congress Avenue between Fifth and Sixth streets. The store is scheduled to operate through Dell annual users conference in the second week of December, spokeswoman Lisa Peterson said Monday afternoon. Austin is expected to swamped later this week with…


High-pay jobs lag behind as Williamson County grows

Williamson County’s population boom is bringing in more low-paying jobs than high-paying ones, according to a report this weekend in the Austin American-Statesman. While both jobs and population growth in Williamson County have expanded at the same rate over the first decade of the 21st Century, the number of low-and-mid-paying jobs like restaurant and retail work has outstripped job growth in higher paying fields. Here’s how the numbers break down: • Hospitality, food service and retail…


Input sought on how to divvy Austin’s $65M in housing bonds

Groups and developers interested in working on projects using some of the city’s recently approved $65 million in affordable housing bonds can attend a workshop on Wednesday that will discuss the process. Local and federal policy initiatives available to leverage the housing bonds for more capital will be discussed and feedback from the session will be used in shaping the application and scoring criteria to be considered for funding. The session takes place at 3 p.m. Wednesday at the Neighborhood…


F1’s return to Austin bubbles up visions of megadeals shrouded in glitz and glamour

Austin, it’s time to put on your sharpest business-development hat. Lines of Lamborghinis, champagne flowing for $10,000 a bottle and hand-shake deals that could yield billion-dollar windfalls are a few of the things this city can look forward to Friday through Sunday when the Formula 1 crowd roars into town. It’s a marketing bonanza for those who cater to the rich and famous, and for local professionals it’s a chance to get their business, real estate or face in front of deep-pocketed people…


Perfecting the Pitch

By SUSAN LAHEY Reporter with Silicon Hills News When Cameron Crake of Raven and Lilly discovered that she, not the company’s founder, would be pitching at Incubation Station’s Demo Day, she was nervous. To begin with, she’s the background person, not the public face of the company. Also, she was the program’s youngest member and […]

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Coca-Cola, Shell, Heineken among new COTA sponsors

The Circuit of The Americas has added Shell, Coca-Cola, Beck’s, HEB and Heineken to its stable of sponsors as it heads into its second running of the United States Grand Prix, its signature event. Street & Smith’s Sports Business Daily reports that COTA has increased its sponsorship revenue by 150 percent over last year’s inaugural race, helped in part by a regular schedule of events including smaller races and concerts at the facility’s Austin360 Amphitheater. The magazine said most of…


CopperEgg Debuts Real User Monitoring (RUM) for Cloud-Based Applications

“CopperEgg is truly an Austin success story, founded by Austin entrepreneurs Eric Anderson and Scott Johnson, funded by Austin-based investors Silverton Partners, and built entirely in Austin,” said Bob Quillin, CopperEgg CEO.


ManpowerGroup chairman emeritus passes away

ManpowerGroup Inc. (NYSE: MAN) Chairman emeritus Mitchell Fromstein passed away on Nov. 7 at the age of 85. Fromstein had served as CEO of the staffing firm from 1976 until he retired in 1999.

Manpower — shareholders formally agreed to change the name to ManpowerGroup in 2012 — grew from a U.S.-based, $300 million business to a $10 billion global company under Fromstein. He oversaw the company’s emergence as an independent company when it broke off from the Parker Pen Company in 1986. He also took the company public in 1986.

Manpower was later acquired by Britain’s Blue Arrow plc, and Fromstein helped it reemerge as an independent company in 1991.

Fromstein was succeeded as ManpowerGroup’s leader by present Chairman and CEO Jeff Joerres.

“Mitchell was not only a trusted friend but a great mentor and an adviser,” Joerres said. “His tremendous acumen and tenacity helped our business weather some of the most severe storms in our 65 year history. At ManpowerGroup we are proud to carry on Mitchell’s legacy.”

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