ALEX Austin. Crowd Street, another West Coast Tech firm, announces relo to Austin. ALEX Labs.

Read complete article: https://austin.culturemap.com/news/innovation/03-19-21-another-west-coast-company-relocates-headquarters-to-austin-big-move/?utm_source=daily-digest&utm_medium=email&utm_campaign=website&mc_cid=44dec4586f&mc_eid=ff3b0ab600

Culture Maps’ Take:

“…CrowdStreet, which operates an online marketplace for investing in commercial real estate, announced March 19 that it’s shifting its headquarters from Portland, Oregon, to Austin. CrowdStreet is considering office space in downtown Austin and around North Austin’s Domain complex. CrowdStreet is targeting a June 1 opening date for the new office.

CrowdStreet executives decided to relocate the headquarters from Portland to Austin largely because Texas ranks second among states sending the most investors to the platform and because a majority of the properties sold through CrowdStreet are in Texas. Co-founder and CEO Tore Steen says the company settled on Austin because of its status as a tech hub.

Another factor in Austin’s favor: A CrowdStreet report put Austin at No. 2 among the best places for real estate investment in 2021. Raleigh-Durham, North Carolina, ranked first…”

ALEX’s Take: ALEX is betting on North Austin where The Domain is located. Diane and I are closing on a home in North Georgetown today. Moving from South Austin to North Williamson County at Alexander Tiffany Board’s direction to be positioned to support ALEX’s growth in Williamson County, north through Waco to DFW and west in Burnet, Llano (Horseshoe Bay) and Gillespie (Fredericksburg ) Counties.

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