Community News Archives - Don Quick & Associates

COVID-19 Quick Resource – General

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General Assistance and Resources

The Don Quick & Associates, Inc. team understands that you and your family are likely experiencing disruptions resulting from the current COVID-19 outbreak. Our mission here at Don Quick & Associates, Inc. has  been and always will be to serve our clients as best as we can, and that is not limited to serving in the realm of commercial real estate. As one method of assistance, we have compiled a collection of helpful links and resources that we believe may be useful to you. We hope this helps and it is a privilege to continue to serve our local community the best we can.

 

Mortgages

It is encouraged to reach out to your lender to discuss forbearance or loan modifications that may apply to your existing loan.

Federal Housing Finance Agency (FHFA)

FHFA has instructed Fannie Mae, Freddie Mac and their servicers to be proactive in providing assistance to homeowners including forbearance. In addition, FHFA imposed a moratorium on eviction and foreclosures on mortgages backed by the GSEs:

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac have issued similar guidance:

  • Homeowners who are adversely impacted by this national emergency may request mortgage assistance by contacting their mortgage servicer
  • Foreclosure sales and evictions of borrowers are suspended for 60 days
  • Homeowners impacted by this national emergency are eligible for a forbearance plan to reduce or suspend their mortgage payments for up to 12 months
  • Credit bureau reporting of past due payments of borrowers in a forbearance plan as a result of hardships attributable to this national emergency is suspended
  • Homeowners in a forbearance plan will not incur late fees
  • After forbearance, a servicer must work with the borrower on a permanent plan to help maintain or reduce monthly payment amounts as necessary, including a loan modification

Fannie and Freddie have also created pages with additional information:

 

Student Debt

 

Internal Revenue Service (IRS)

The IRS has also created a Coronavirus Tax Relief section (link is external) on their website with updated information for taxpayers and businesses (these resources are for businesses and not specifically for consumers).

  • Economic Impact Payments: ($1,200 or more)
  • Income Tax FILING and PAYMENT Deadlines Extended:
    • In light of COVID-19 crisis, the IRS on March 18 extended the income tax payment deadline (link is external) for individual returns (as well as all other entities) until July 15, 2020. Two days later, the IRS also extended the tax filing deadline to July 15, 2020. Additional forms do not need to be filed to qualify for these extensions.
  • Guard Your Information:

 

Texas Department of Insurance

Updates and Preparations: https://www.tdi.texas.gov/news/2020/coronavirus-updates.html

  • Health insurers and health maintenance organizations are waiving consumer costs for medically-necessary testing of COVID-19. (see above link)
  • Many also are offering telemedicine at no cost to consumers. (see above link)

Texas Workforce Commission

 

IRS on Unemployment Insurance Flexibilities

NOTE: Check with your state’s unemployment insurance program regarding the rules in your state.

The Employment and Training Administration announced new guidance outlining state flexibilities in administering their unemployment insurance programs to assist Americans affected by the COVID-19 outbreak.

Under the guidance, federal law permits significant flexibility for states to amend their laws to provide unemployment insurance benefits in multiple scenarios related to COVID-19. For example, federal law allows states to pay benefits where:

  • An employer temporarily ceases operations due to COVID-19, preventing employees from coming to work;
  • An individual is quarantined with the expectation of returning to work after the quarantine is over; and
  • An individual leaves employment due to a risk of exposure or infection or to care for a family member.

In addition, federal law does not require an employee to quit in order to receive benefits due to the impact of COVID-19.

Learn how to file for unemployment insurance benefits.

 

Personal & Family Health

 


We will continue to monitor conditions closely and we hope to return to business as usual as soon as possible. Please do not hesitate to reach out to our agents with any questions or concerns you may have at this time.

Follow us on our socials for updates:

Facebook: https://www.facebook.com/DonQuickAssociatesInc/

Instagram: https://www.instagram.com/donquicktx/

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COVID-19 Quick Resource

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Local Business Assistance and Resources

The Don Quick & Associates, Inc. team understands that your business is likely experiencing disruptions resulting from the current COVID-19 outbreak. Our mission here at Don Quick & Associates, Inc. has  been and always will be to serve our clients as best as we can, and that is not limited to serving in the realm of commercial real estate. As one method of assistance, we have compiled a collection of helpful links and resources that we believe may be useful to you and/or your business at this time. We hope this helps and it is a privilege to continue to serve our local business community the best we can.

4/27/2020: Gov. Abbott OpenTexas Report


Governor Greg Abbott and the OneStar Foundation yesterday announced the Texas COVID Relief Fund

OneStar Foundation has been designated by the State of Texas to raise and distribute funds to eligible organizations working on the ground to support the economic recovery of Texas communities impacted by the coronavirus. Click here to read the announcement of the Texas COVID Relief Fund by Texas Governor Greg Abbott.

Wilco Forward Small Business Grant Program

Williamson County has officially launched its Wilco Forward program, which aims to provide grants for local business owners that have been impacted financially by the COVID-19 pandemic.
Click Here for Information and Requirements

Small Business Administration Loans Deferred:

U.S. Department of the Treasury – COVID-19 Tax Credit

Small Business Assistance:

Retail-To-Go for Texas Begins April 24

Governor Greg Abbott signed an Executive Order authorizing the re-opening of retail businesses effective April 24. See links below for State of Texas guidance on reopening retail businesses.


 

Other helpful links:

 
Texas State Small Business Development Center – https://sbdc.mccoy.txstate.edu/Disaster-Recovery.html
 
 
 
Texas Workforce Commission – https://twc.texas.gov/businesses/shared-work
 

We will continue to monitor conditions closely and we hope to return to business as usual as soon as possible. Please do not hesitate to reach out to our agents with any questions or concerns you may have at this time.

Follow us on our socials for updates:

Facebook: https://www.facebook.com/DonQuickAssociatesInc/

Instagram: https://www.instagram.com/donquicktx/

 

 

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Don Quick & Associates, Inc. Donates $10,000 to RRISD Programs

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ON JANUARY 16TH Don Quick & Associates, Inc. donated $10,000 to Round Rock ISD through the Partners in Education Foundation. This donation will not only pay off all current free and reduced lunch debt for 16 Round Rock schools, but it will also benefit two more extremely important RRISD programs. 

Don Quick & Associates, Inc., represented by Joshua Brito and Rick Honrales, presented the $10,000 at the first Council of PTAs meeting of 2020. The donation was made on behalf of Quick Family Teachers who were represented at the event by both Don Quick’s brother, Larry Quick, and his wife Lynn.

“Service in education is a strong family value for the Quicks. All total, the family of Oscar and Carolina Quick of Round Rock have contributed 346 years to careers and service in public education,” said Larry Quick during his brief presentation that received a standing ovation from members of the Round Rock ISD’s Council of PTAs. 

This donation is a tribute to the 13 Quick Family Members who have served a combined 346 years in public education. 

  • Signe Quick, RRISD – 51 Years
  • Agnes Quick, RRISD – 52 Years
  • Marjorie Beaumont Quick, RRISD – 32 Years
  • Lynn Enger Quick, RRISD, Laredo, Phoenix – 35 Years
  • Clarence Quick, RRISD School Board – 3 Years
  • Linda Quick Carriere, Dayton ISD, Hamshire ISD, Pollock ISD – 24 Years
  • Danielle Carriere Johnson, Stephen F. Austin University, Waskom ISD – 23 Years
  • Marilyn Quick Richardson, Nacogdoches ISD, Shepherd ISD – 8 Years
  • Carin Sue Richardson, Pollock Central ISD – 2 Years
  • Joe T. Richardson, Stephen F. Austin University, Central Heights ISD – 24 Years
  • Hazel Quick Knaak, Pflugerville ISD, Houston ISD – 30 Years
  • Joy Knaak Riley, Austin ISD – 45 Years
  • Ann Knaak Kowald, Polk County Schools Florida – 17 Years 

The donation of $10,000 will be broken up into three parts: 

Round Rock ISD FiT (Families in Transition) Program – $2,500

This $2,500 donation will pay for hotel vouchers, blankets and air mattresses for students who are attending school, but don’t necessarily have a place to live. 

Round Rock ISD PTA Clothes Closet (campus direct giving) – $4,000

This $4,000 donation will pay for new socks, underwear, warm-ups, & shirts for campus direct devlivery support for all title one schools and all high schools. It will also pay for socks and undergarments for Clothes Closet. 

Round Rock ISD Free and Reduced Lunch Account Balances – $3,500 

This $3,500 will pay off all current lunch debt for students on the free and reduced program for 5 high schools and 11 middle schools.

From Left: Lynn Quick, Larry Quick, Dr. Steve Flores (Superintendent of RRISD), Joshua Brito, Rick Honrales


“Since 1883, the Quick Family has been a proud part of Round Rock. With our long history of teachers, we are ecstatic to help RRISD in anyway that we can. We are proud to have called Round Rock home for over 100 years and we don’t intend to leave!” – Don Quick

 

Through a nice surprise, one of Lynn Quick’s former students was actually scheduled to be the guest speaker – Texas State Representative, James Talarico. See his post below.

 

This donation is just a small part of Don Quick & Associates, Inc.’s 50 Year Celebration. Don Quick & Associates, Inc. is celebrating 50 years in business by serving 50 charitable organizations in 2020.

Learn more by visiting donquick.com/50. 

 

 

Perfect Game MUD Marks 3rd Major Development on US 79

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ON APRIL 18TH Perfect Game, a baseball scouting organization, announced plans to relocate their HQ to Hutto – a 300,000 SF behemoth that will seat 13,000 people and will be a part of a mixed-use-development “project that is expected to pump $200 million annually into the local community,” a major jump from the current economic generation of Hutto which is $30 million. (Community Impact)

This announcement marks the 3rd major project along US 79, coinciding with proposed improvements to US 79 from I-35 to east of FM 1460 (AW Grimes) that will include widening the road to include an additional travel lane in each direction. (TxDot) See their website here for more information on the US 79 project.

Here are the breakdowns of each development:

Kalahari

  1. Property Summary: 355 AC Indoor water park, resort & convention center
  2. Total Property Size: 355 AC – 4.13x the size of Dell Diamond
    1. 975 Guestrooms & suites
    2. 200,000 SF Convention center
    3. 5 Signature restaurants
    4. Tom Foolery’s Adventure Park: 80,000 SF
    5. America’s largest water park: 223,000 SF
  3. Breaking Ground Date: May 2018
  4. Projected Finish: November 2020

Hutto Co-Op District

  1. Property Summary: Hutto’s first mixed-use development that includes a new city hall building, space for civic activities, retail shopping, restaurants, & a farmer’s market
  2. Total Property Size: 35 AC, 500,000 SF dynamic business, retail, entertainment and residential destination
    1. Hutto City Hall: 40,000 SF – now open
    2. Restaurants List (as of 4/24): Top Notch Burgers, Southside Market & BBQ
    3. Flix Brewhouse: 39,000 SF – opening 2nd quarter 2020
  3. Breaking Ground Date: November 2018
  4. Projected Finish: First phases early 2020

Perfect Game/Indoor Sports & Event Center Development  

  1. Property Summary: Baseball scouting org Perfect Game will anchor this $800m mixed-use development project.
  2. Total Property Size:
    1. 300,000 SF stadium that will be able to seat 13,000
    2. 30+ Turf/regular ball fields & 6 multipurpose fields
    3. Additional office, commercial and residential components
    4. Convention hotel
  3. Breaking Ground Date: Summer 2019
  4. Projected Finish: Perfect Game grand opening will be no later than Memorial Day 2021
  5. Projected to pump $200m annually into the local community and generate more than 150,000 hotel room nights annually.

 

Notable Mentions:

Diamond Oaks: Approximately 13,000 SF of new construction multi-tenant retail and restaurant space

Shops @ Legends Village: 14,400 SF office/retail site across the street from Kalahari

Report shows charitable giving increased in 2018 among Central Texas businesses

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By Apr.
View this story on Community Impact website.

Nearly 75% of Central Texas businesses supported local nonprofits in 2018.

Another statistic of note, from 2017-18, 43% of Central Texas businesses increased the portion of their budgets devoted to philanthropy and charitable giving.

Those results and more come from the Rodman Report, an annual survey conducted by Austin-based philanthropic advisers Rodman & Associates. This year’s report includes responses from more than 150 area organizations and explores a range of topics, from how companies give to why they give and what constitutes their criteria for support.

A press release quotes Rodman & Associates founder Lisa Rodman as saying the report benefits nonprofits and businesses.

“Every year, the Rodman Report provides new metrics that help companies understand how their giving compares to others in the community,” Rodman said in the release. “The insights are also critical, however, for nonprofits to see how their needs align with the giving priorities of Central Texas businesses.”

The release also states the results in the Rodman Report are drawn from the responses of 152 Central Texas companies that participated in an online survey between Jan. 28 and Feb. 28.

Results from the survey show most companies cited monetary donations and volunteer hours as their primary methods of giving at 86% and 79%, respectively, and the key drivers for public giving in 2018 were community support and public goodwill at 79% and 66%, respectively. Another result within the survey states 45% of respondents said their company provided assistance in 2018 to communities or individuals affected by damaging Central Texas flooding.

The release states Austin Mayor Steve Adler endorsed the report and encouraged local businesses to participate in the survey.

“Austin has a thriving business community,” Adler wrote in an email invitation, according to the release. “That in itself is a great thing, but it’s even better knowing that our local businesses are forces for good in our community.”

For a complete look at the report, click here.

Caption: More than 150 area organizations participated in a survey on philanthropy. (Courtesy BirdsiVideo)

Don Quick & Associates, Inc. Ranked #1 Commercial Real Estate Brokerage Firm in Wilco by Austin Business Journal

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Don Quick & Associates, Inc. was ranked 18th overall in the Austin Business Journal’s list of top commercial real estate brokerage firms for 2018 in the Austin area – and 1st for Williamson County. The companies are ranked by transaction values for sales and leases for 2018. The company moved up to 18th from 23rd the previous year.

Don Quick & Associates, Inc. Complete Rankings:

#1 in Total Transaction Value of 2018 Sales & Leasing in Williamson County

#18 overall in Total Transaction Value of 2018 Sales & Leasing in Austin MSA

#4 in Breakout: Transaction Value: other Client Sales/Purchases for Pad Sites and Land

#5 in Austin Operations: Total Acreage Buy/Sell on Client’s Behalf During 2018

#8 in Breakout: Of Total Building Transaction Values, What Portion is for Multifamily Portion

#8 in Austin: SF of Multifamily Portion

#9 Austin: No. of Multifamily Units Sold

#13 in Austin SF Leased

#16 in Breakout: Aggregated Transaction of Leases

See full list here:
https://www.bizjournals.com/austin/subscriber-only/2019/03/29/the-list-top-austin-area-commercial.html

Link requires a paid subscription to view.

USTA Texas to Anchor $1.5B Cedar Park Project

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By Mar.
View this story on Community Impact website.
The United States Tennis Association Texas plans to bring its headquarters and facilities to the Indigo Ridge mixed-use development announced for Cedar Park, a city located just north of Austin, Texas. Currently, the USTA Texas is headquartered at 8105 Exchange Drive. Cedar Park’s City Council approved a resolution to authorize the agreement.

USTA Texas headquarters will serve as the anchor for this projected $1.5 billion urban oasis development, which will occupy 155 acres at the northwest corner of East Whitestone Boulevard and Sam Bass Road. Upon completion, Indigo Ridge will encompass more than 5 million square feet of retail, dining, urban living, corporate office, hotel, medical, sports and entertainment uses. The tennis campus will consist of approximately 40 outdoor tennis courts, six to eight indoor tennis courts, a stadium court and related amenities for training, development and competitions.

“The USTA is excited to be part of this development and looks forward to working with Indigo Ridge Development Partners to design and develop the facility,” Tom Hunt, president of USTA Texas, said in a prepared statement. The Tennis Center will be owned and operated by USTA Texas.

“With regional employment growth from companies like Dell, Google, Oracle and Emerson, and the massive nearby expansion by Apple, the USTA Tennis Center will be an added draw for future corporate relocations to Indigo Ridge,” added Michael Kennedy of Avison Young Dallas, the broker for the project.

Design firm Gensler created the masterplan for the project, which incorporated outdoor public gathering spaces and multigenerational healthy living communities that complement the USTA program. Construction is estimated to begin in six months and roll out in six phases.

Images courtesy of Avison Young

Treasured Earth Foods Picked Up by Snap Kitchen

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Whole Foods Market Vendor Picked Up by Snap Kitchen

Whole Foods Market Vendor, Treasured Earth Foods, is now available through Snap Kitchen. 

Treasured Earth Foods creates delicious baked goods that taste amazing and happen to be gluten-free, paleo, and, most importantly, diabetes-friendly. Ruth Noel, the creator of the family-run company, explained how the idea for healthy delicacies stemmed from her father’s inability to consume sweets due to his diabetes. Through much experimentation in the kitchen, Ruth’s mother created a truffle that her husband could enjoy without worrying about his blood sugar levels. Eventually and without any medication, Ruth’s father was no longer diabetic. Soon, that truffle, the Chocolate Kika Truffle (named after Ruth’s mother), became the first product Treasured Earth Foods sold at the Sunset Valley Farmer’s Market around 2009.

Ruth, a Texas A&M grad, had previously owned a state processing facility for meat on their ranch called Tesoro Terra Farms, which roughly translates into Treasured Earth Farms. She decided to change paths and started Treasured Earth Foods in 2009, modifying her mom’s truffle invention and creating new healthy desserts. After years of selling their products primarily at farmer’s markets and creating local buzz, the company finally got into Whole Foods Market in 2013 and was even asked to create a brand new product, specifically for the opening of the Whole Foods Market Domain location in 2014.  Later that same year, Whole Foods Market decided to put Treasured Earth Foods in its Southwest region that includes Texas, Oklahoma, Louisiana, and Arkansas. Besides Whole Foods Market and Snap Kitchen, you can find their products in Austin at Fresh Plus, People’s Pharmacy, Wheatsville Co-Op and online. 

Treasured Earth Foods currently operates out of their commercial kitchen just north of Austin. Ruth explained how it is a great location for their kitchen because it allows her to make her deliveries on time – especially when they are delivering to different cities and states. She plans on opening a brick-mortar store for her healthy baked goods one day. Learn more about Treasured Earth Foods on their website or their Facebook page

Round Rock poised for more economic growth in 2019

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By   Feb.
View this story on Community Impact website.
More economic growth is on the horizon for Round Rock and the Austin metro as a whole, according to Mark Sprague, director of information capital at Independence Title.“The demand, the desire to be in Round Rock, to be in the Austin area, is higher than any place else I’ve seen in the United States,” Sprague said during an annual economic overview at a Feb. 26 Round Rock Chamber lunch.

In light of a growing list of regulations in Austin and Travis County, Round Rock and Williamson County are increasingly viewed as friendlier to do business, he said.

“My biggest concern with Austin is regulations,” Sprague said. “For every other metro in Texas, the entitlement process is measured in weeks. In Austin, it’s measured in years. That will continue to be a bigger and bigger issue.”

Nationwide, key indicators of the economy—including job growth and gross domestic product—remain strong, he said. In fact, the country is in the midst of its second-longest period of economic growth ever.

If trends continue—and Sprague said he believes they will—in six months, this could be the longest economic expansion in history.

“We will continue to see growth,” he said. “We’re ten years into this, and I’m telling you I think we have five more good years. We’re in a phenomenal place.”

In 2019, Sprague predicts employment growth in the Austin-Round Rock Metropolitan Statistical Area between 1 percent and 2 percent. Real estate sales will mirror or exceed 2018, he said, with home values continuing to rise.

 

Photo: Mark Sprague, director of information capital at Independence Title, shared a 2019 economic outlook with the Round Rock Chamber on Feb. 26. (Taylor Jackson Buchanan/Community Impact Newspaper)

Artist rendering of The District development.

City Council approves development agreement for dynamic mixed use project

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City entered into MOU with owners of The District in 2017

The Round Rock City Council voted unanimously Thursday, Feb. 14, to approve an agreement with the developers of The District, a 65-acre mixed-use project planned for SH 45 just east of IH 35. The City Council approved a memorandum of understanding with Mark IV Capital for the project in November 2017. 

In return for the company building 1 million square feet of Class A office, retail and residential space, the City will contribute $12.56 million toward public infrastructure such as streets, sidewalks and utilities. The City projects the development will generate over $1.5 million per year in tax revenues to the City when it is completed.  

The development is also expected to create 5,000 jobs when it is fully developed. 

“We are excited to partner with Mark IV on the development of The District in Round Rock,” Round Rock Mayor Craig Morgan said. “This is exactly the type of unique project we need in this high-growth area.” 

Mark IV manages the Summit I and recently completed construction on Summit II office projects in La Frontera.* 

“We are very excited about our continued partnership with the City of Round Rock on The District, which is our third project within the community,” said Justin Basie, Regional Vice President, Mark IV Capital. “The District is a dynamic mixed-used development that will combine working, living and retail in one prime location. This is a great opportunity to bring an unmet need to the city and one that will have long-term benefits for the region. We look forward to breaking ground on this unique project, and we are proud to be involved in what will soon be a landmark in Round Rock.” 

According to the agreement, Mark IV would have to reach the following performance milestones: 120,000 square feet completed by 2022; 250,000 square feet by 2029; and 1 million square feet by 2039. Mark IV would be required to repay the City if it fails to meet those performance measures. 

The City will fund the infrastructure improvements with its half-cent, Type B sales tax revenues. Type B funds are limited specifically for economic development projects, including transportation improvements.

“We’re thrilled about this development project, which along with other projects recently completed or breaking ground this year, will unlock opportunity for our growing community,” said Nichole Vance, Director of Business Attraction, Round Rock Chamber. “The District will transform the southern area of Round Rock and will be an ideal location for the types of companies looking for high-end office space in Round Rock.” 

Originally posted by City of Round Rock on February 14, 2019.

View the original article here.

*Links Edited

 

 

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