All Forum Posts by: Neil Narayan

A Minnesota-based developer is planning to build a five-megawatt data center in Temple across from Meta Platforms Inc.'s $800 million hyperscale data center campus.

Oppidan Investment Co.'s $31 million, 62,000-square-foot project at 2325 Eberhardt Road will break ground in July and finish in October 2026, according to a March 28 filing with the Texas Department of Licensing and Regulation.

Data center campuses are proliferating throughout Austin's outskirts. In fact, the Austin metro is among the fastest-growing data center markets in the country, according to August data from CBRE based on the first half of 2024. The Austin Business Journal has identified more than a dozen in various stages of completion, in cities ranging from Hutto and Georgetown to Taylor and Uhland, and in counties that include Caldwell, Bastrop and Williamson.

Construction of California-based Meta Platforms Inc's $800 million-plus hyper-scale data center campus "is progressing well". Actually Data center campuses are proliferating throughout Austin's outskirts. In fact, the Austin metro is among the fastest-growing data center markets in the country, according to August data from CBRE based on the first half of 2024.

Gov. Greg Abbott and his Texas Economic Development (EDP) & Tourism Office released a 155-page plan for the immediate future of the world’s eight-largest economy (excluding the U.S.).

The report also highlights Texas’ export growth, which has outpaced the overall United States’ from 2015 to 2021. Texas has led the country in exports every year since 2002

Texas is also spotlighted as a place Americans want to live, boasting the lowest rate of native-born Texans leaving the state and the highest rate of population growth.

Abbott also identified four goals to help new businesses grow: incentivize research, cultivate innovation, connect entrepreneurs to resources and promote Texas as a global destination for start-ups.

https://www.myhighplains.com/news/texas-politics/bigger-bett...

Texas notched another technology win this week when Apple said it is planning a new 250,000-square-foot factory in Houston to make servers for an artificial-intelligence system.

Tech investments are transforming the Texas economy, often via companies from California in search of lower taxes and fewer regulations on land use and labor.

https://www.wsj.com/business/texas-tech-industry-move-26f9e7...

“Texas is the most powerful economy in the nation, and now we will become the financial capital of America,” said Governor Abbott. “With the launch of NYSE Texas, we will expand our financial might in the United States and cement our great state as an economic powerhouse on the global stage. I thank the New York Stock Exchange for choosing Texas. Working together, we will continue to advance pro-growth economic policies that allow entrepreneurs and businesses to thrive and will make Texas stronger and more prosperous than ever in the history of our great state.”

Initially unveiled in June 2024, the Texas Stock Exchange aims to serve as an alternative to the New York Stock Exchange and Nasdaq, particularly for companies in Texas and across the southeastern U.S. By creating the Texas Stock Exchange, Lee hopes to address the high costs of going and staying public.

TXSE closed its initial capital raise at $161 million, which the company claims makes it "the most well-capitalized exchange" to file a registration. More than four dozen investors pitched in, including some of the largest financial institutions and liquidity providers in the world, as well as prominent business leaders. They included BlackRock, Citadel Securities, Charles Schwab Corp. and Fortress Investment Group. The company also disclosed Dell Family Office Management, the family office of Dell Technologies Inc. founder and CEO Michael Dell, as a new investor.

"The composition of our founding ownership was intentional and deliberate," Lee said. "The market power of our investors reflects the depth of commitment to the success of this exchange, not just in the early years but over the next decade and beyond."

If successful, Lee believes the fully electronic Texas Stock Exchange will lead to more companies moving to Texas, more companies going public in Texas and to the formation of copycat exchanges.

“Texas is the birthplace of the chip that changed the world—and where the future of America’s semiconductor industry is already building. Today, Texas is the top state for semiconductor manufacturing, having led the nation for 13 years in the export of semiconductors and other electronic components. Significant industry investments announced in Texas in the last two years will further accelerate domestic semiconductor manufacturing, reducing reliance on foreign production and supply chains and further ensuring our nation’s security. Texas has the innovation, the infrastructure and the talent to continue to lead the American resurgence in critical semiconductor manufacturing and the technologies of tomorrow.”

— Governor Greg Abbott

According to the U.S. Bureau of Labor Statistics and Texas Workforce Commission, Texas was reported to have the highest rate of job creation through 2024. 

Governor Greg Abbott today touted Texas as America's undisputed jobs leader for the third year in a row, with more jobs added in Texas in 2024 than in any other state. Jobs data released by the U.S. Bureau of Labor Statistics (BLS) confirms Texas added the most jobs in the nation from December 2023 to December 2024 with a gain of 284,200 nonfarm jobs, significantly ahead of all other states.

Based on the data I saw from ABOR the median price YoY (2023 to 2024) was slightly up (around 2%) and the rent was flat to slightly down. It will be very difficult to cash flow in Austin using traditional LTR methods unless you put down a huge down payment. Austin is more of an appreciation play than cash flow. 

For the 10 year period spanning December 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.4% in that period.

The city is among a number of nodes for Tesla suppliers popping up throughout the Austin metro as a result of the so-called "Tesla effect" — which is shorthand for the trend of electric vehicle suppliers flocking to the region in response to Tesla's mammoth presence in eastern Travis County, where it has a gigafactory and headquarters. Other nodes include Georgetown and northeast Austin near Manor.

Any article on the internet should be taken with a grain of salt and up to your discretion on how you want to take it and want you can gleam from it :)