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Feb. 21, 2020

Weekend things to do........

Here we go again with all the things happening this weekend! 

Friday, February 21, 2020

Ronan Farrow @ Paramount and Stateside Theatres

SPITE @ Come and Take It Live 

Pinegrove w/ Whitney Ballen @ Emo's

Brent Cobb with Maddie Medley @ Paramount and Stateside Theatres

Annabelle Chairlegs, White Dog, Andria Rose (SA), Montaz, Peach Almanac, Sci-Fi Country @ Hotel Vegas  WEEKEND @ AFS Cinema

Friday Night Live at the Sahara Lounge! @ The Sahara Lounge

OM w/ Wovenhand @ Mohawk Austin 

The Rocky Horror Picture Show Feat. O'Brien's Orchestra @ The North Door 

Autograf with Bronze Whale, Nico and Kilgo Beats @ Empire Control Room & Garage  

CBDB, Kendall Street Company @ Mohawk Austin 

The Drinking, Smoking, Gambling Comedy Show @ Irene's 

Cider House Rulz Two-Year Funniversary Spectacularium @ Austin Eastciders Collaboratory 

Lower Dens with Ami Dang, Slideshow @ Barracuda 

DON HERTZFELDT: REJECTED AT 20 @ AFS Cinema

 

Saturday, February 22, 2020

SaulPaul's Alien Adventure @ Scottish Rite Theater 

Matinee Show: Sahara Smith w/ Agave Ghost, James Byron Band @ Mohawk Austin  

2020 Season Opener - Hotrod Honeys vs Hell Marys @ Austin Sports Center  

German Karneval - Koblenz / Austin Style @ Austin Saengerrunde 

An Evening with Marianne Williamson @ Unity Church of the Hills 

JAUZ - The Dangerous Waters Tour w/ Habstrakt @ Stubb's 

MISS CONGENIALITY @ AFS Cinema 

Have Mercy - The Final Tour w/ Fredo Disco, Selfish Things, Young Culture @ Barracuda 

070 Shake @ The Parish 

Lo Country Album Release Party w/ Rattlesnake Milk & Will Courtney and the Wild Bunch @ Stay Gold

The Haberdashers Album Release Party @ Hole in the Wall 

NITE SCHOOL w/ LLORA, Single Lash, Soft Vision, Ex Priest @ Cheer Up Charlies 

Deep Cross & Mutant Tour Kick Off with Blank Hellscape, SaliYah (tape release) @ Hotel Vegas 

Bummertown, MUNN, Not Happy, Lizzie Karr @ Swan Dive 

Samwise @ Stubb's

 

Sunday, February 23, 2020

Monthly Flea Market @ Uncommon Objects 

Gospel Brunch: The Gospel Stars @ Stubb's 

Pup Meet Up with Upstairs at Caroline @ Upstairs at Caroline

Awaken the Eternal Flame: Dressing & Living Magically @ Spider House Cafe & Ballroom 

WEEKEND @ AFS Cinema 

Liberty 10th Annual Chili Cookoff @ The Liberty  

iLe @ Antone's 

Pitbull @ H-E-B Center at Cedar Park 

Gandhi's Gun w/ Reason Define & More @ The Parish 

Drivin N Cryin with Shinglers @ Barracuda 

Love Hangover Student & Instructor Adult Showcase - Show Two @ The North Door  

GET OUT @ Alamo Drafthouse Lakeline  

iyla @ Stubb's 

PONCÉ w/ Frosty Palms & The Naked Tungs @ Hotel Vegas 

Tyler Jordan and the Negative Space, Delicate Boys, Matthew Joye @ Cheer Up Charlies

 

*Info from Do512

Posted in Austin Events
Feb. 20, 2020

Looking to lease? We can help with that too!

 

 

Brand new 3 bed / 2 bath home in South Austin @ the Enclave at Estancia coming soon for Lease. Check back soon to catch this beauty before it's gone! 🏡 

Call 512-650-2878 for more info. 

Posted in Market News
Feb. 18, 2020

BUILDING MOMENTUM: Austin-area new home construction sets records in 2019

Last year was one for the record books for the Central Texas home construction market, and the 2020 outlook is upbeat for area builders and developers.

That good news for builders likely translates into challenges for house hunters, however, as home prices continue to rise thanks to demand that is outpacing housing supply, industry experts say.

The Austin area set several records last year, including for the annual pace of new home construction and a fourth-quarter record for home starts, according to Metrostudy. The company’s survey crews track new home construction in the five-county Austin region from Georgetown to San Marcos.

And 2020 could be another record year, thanks to continued strong demand and record lot deliveries, said Vaike O’Grady, Metrostudy’s regional director in Austin.

“Resale inventory is so low that buyers are being pushed toward new homes,” O’Grady said.

Last year, builders started construction on 18,905 new homes in the Austin metro area. That was a record for a calendar year. The next highest total was in 2018, with 16,485 starts. It was also a record for any trailing 12-month period, topping the record of 18,407 starts set in the 12 months that ended in September 2006, Metrostudy said.

In the final three months of 2019, builders started work on 5,046 houses. That’s a fourth-quarter record and a 43% increase from the last quarter of 2019, Metrostudy said. The all-time peak for a quarter was 5,444, set in the third quarter of last year.

Austin-area annual housing starts

2010 -- 6,022

2011 -- 6,519

2012 -- 8,745

2013 -- 10,173

2014 -- 11,503

2015 -- 11,785

2016 -- 15,764

2017 -- 16,133

2018 -- 16,485

2019 -- 18,905

Source: Metrostudy

Records also were set for annual closings (18,708, up 15% from the year before) and fourth-quarter closings (4,946, up 32% year-over-year). Builders define a closing as a home that is sold and occupied.

Another record was in the number of lots delivered that were ready to build on. Lot deliveries hit 22,099 last year, up 34% from the prior year. Fourth-quarter deliveries also reached a new quarterly record -- 5,874 -- up almost 64% from the year-ago quarter. Lot deliveries outpaced starts in 2019 for the first time in two years, Metrostudy said.

And while those lots may help builders as they enter the spring selling season, “if demand continues at this level, there still won’t be enough lots on the ground,” O’Grady wrote in her latest market summary.

Eldon Rude, a housing industry expert who has tracked the local market for more than three decades, said three main factors led to builders starting a record number of homes last year.

After slowing slightly in 2018, “job growth in the Austin region was robust last year,” with 37,800 new jobs added, a 3.5% gain, Rude said.

Then there were declining mortgage interest rates, with three rate cuts from the Federal Reserve. The lower rates, Rude said, “created an ever-increasing pool of new home buyers who would not have been able to purchase a home at higher interest rates.”

In addition, “extremely low inventory levels for previously owned homes effectively pushed more home buyers to look to new homes as an alternative to resales,” said Rude, principal of 360° Real Estate Analytics, an Austin-based consulting firm.

Looking ahead, Rude said the market could be “in for a big first quarter for new home sales,” because in conversations with his builder clients in recent weeks “all of them indicated that sales in January were strong.”

Prices outpacing incomes

Although affordability remains a concern in the Austin region, O’Grady said developers and builders are managing to find ways to put some attainable homes on the ground, despite rising costs of land, labor and materials.

“The percentage of new home starts with base prices between $200,000 and $300,000 still hovers around 50%, equal to where it was in 2017,” O’Grady wrote in her market summary. “Most of that supply is located in emerging submarkets, such as Manor, San Marcos and Jarrell.”

In the same two-year period, the share of homes built with base prices between $300,000 and $500,000 rose from 36% to 39%, O’Grady wrote.

Buyers shouldn’t expect to see any relief from the region’s sharply increasing home prices in recent years.

“With demand for new homes so strong in many areas, and with so little inventory available, I expect new home prices will continue to increase this year,” Rude said.

Existing home supply dipped to 1.8 months, according to the Austin Board of Realtors’ monthly report for December. A healthy market should have a supply of four to six months of inventory, experts say.

Of particular concern is the widening gap between housing prices and household incomes.

“A growing concern I have for our market is that home prices continue increase faster than incomes, which means home buyers are being forced to spend more and more of their pay on their mortgage,” Rude said. “While this trend hasn’t slowed home sales so far, like some other markets in the U.S. Austin could reach an inflection point where sales begin to slow as a result of this factor.”

2020 outlook

O’Grady said builders are anticipating 2020 to be a strong year for sales. Their confidence stems in part from the region’s continued job growth, especially in high-paying sectors such as professional and business services, she said.

“The Dallas Fed’s Business Cycle Index for Austin marked more than 10 years of consecutive growth in November 2019, bumping up against its long-term average of 6.1% growth year over year,” O’Grady wrote in her market summary.

Additionally, “we continue to see an influx of relocations from high-tax coastal states such as California and New York,” she said, noting that the Round Rock-Pflugerville area ranked #4 on U-Haul’s annual growth cities list for 2019.

Pflugerville topped Metrostudy’s list of the highest-demand areas, with construction having started on nearly 1,900 houses in 2019. The Kyle/Buda area and Liberty Hill were nearly tied for second place, while Cedar Park/east Leander and Manor rounded out the top five, Metrostudy said.

O’Grady said Liberty Hill, northwest of Austin, “has exploded in recent years.” One subdivision there, Santa Rita Ranch, is the top-selling community in western Williamson County based on a survey by Metrostudy. The community posted 372 closings in 2019, a 48% jump over the previous year.

Priced from the $200,000s to the $700,000s, Santa Rita’s homes draw a wide variety of buyers, from families looking for their first home to retirees looking to downsize.

“Living in Williamson County and the Austin MSA is becoming more attractive every year,” Santa Rita Ranch developer Ed Horne said in a recent news release. “As more companies expand or move into the area, the local economy continues to grow, creating a strong demand for both jobs and housing.

This month, Ashton Woods, one of the nation’s largest private builders, announced the opening of four new communities in Central Texas, one of which marks the company’s return to Leander.

“The Austin area is booming on a large scale creating a huge demand in the surrounding suburbs,” said Lindsay Motley, president of Ashton Woods’ Austin division. ”

The new subdivisions include Mockingbird Park in Leander and Vine Creek in Pflugerville.

Mockingbird Park -- the builder’s first community in Leander in recent years -- will offer 285 homesites beginning this spring starting in the low $200,000s. Vine Creek in Pflugerville will have 151 homesites starting in the low $200,000s.

Ashton Woods also will be building in the master-planned communities of MorningStar in Georgetown and Headwaters in Dripping Springs, offering homes starting this spring priced in the $200,000s and high $300,000s, respectively.

At D.R. Horton, home sales in the volume builder’s Austin division jumped by a double-digit percentage in fiscal 2019 over fiscal 2018, division president Mark Ferguson said. He said he expects strong sales to continue this year as well.

Horton’s Austin division currently offers homes in 20 communities and plans to increase that count by about 50% by this fall.

“All economic indicators for the Austin area, including low unemployment, job growth, major employers moving to Austin, etc., remain very positive for the continuation of what has already proven to be a very robust market,” Ferguson said.

O’Grady’s report wasn’t without some caveats. She said “political and geopolitical risks are the hardest to predict and could turn the direction of the economy almost overnight.”

However, she wrote, “barring any unusual and negative national or international news, we don’t expect to see a significant change in housing demand in 2020.”

Not only does the Austin area have “some terrific momentum in terms of job creation,” it also has “demographics working in our favor,” she wrote.

Like OGrady, Rude also sounded a note of caution.

“While all signs point to another strong year for new home sales in the Austin region,” Rude said, “my 35 years of tracking the local economy and our real estate markets suggest when we least expect it something generally happens that alters our expectations. It’s just impossible to see what that might be at this point.”

 

*Article from Statesman

Posted in Market News
Feb. 17, 2020

Travis appraisal decision creates budget woes for schools

Millions of dollars for Austin-area schools are potentially in jeopardy in the wake of this week’s abrupt announcement that residential property values in the fast-growing region won’t be reappraised this year, throwing budget planning efforts into disarray and spurring calls for intervention by the Legislature.

“It would create a hole in the budget that there is no way we would have anticipated,” said Tom Leonard, superintendent of the Eanes school district. “We assumed there was going to be some increase in the values of property in Austin.”

A preliminary analysis by the Eanes district on Austin’s western edge indicates that no change to residential property valuations within its boundaries likely will cost it $2 million to $3 million in next year’s budget, Leonard said, compared with what it had been anticipating.

Marya Crigler, chief appraiser of the Travis Central Appraisal District, stunned area school districts and local governments Wednesday when she announced that her agency won’t reappraise residential properties this year.

Property valuations form the basis of property tax calculations and assessments for property owners. But Crigler said she’s unable to perform new residential appraisals because of a cease-and-desist letter last May from the Austin Board of Realtors demanding that her agency stop using sales data derived from the Realtors’ proprietary Multiple Listing Service, or MLS.

Texas is among several states that don’t require sales data from real estate transactions to be made public.

Crigler said the real estate group’s cease-and-desist letter has had an “absolute chilling effect on our ability to get sales data from any other source.” Such data are “critical to being able to appraise properties in Travis County accurately and equally,” she said.

Instead, she told representatives of nine local school districts at a meeting Wednesday that 2020 residential valuations will remain at 2019 levels — even though Austin is among the fastest-growing large metro areas in the country and property values have been on the rise in recent years.

The Austin school district’s chief of business and operations, Nicole Conley, said in a statement Thursday that its budget and finance staff was “looking at the methodology to determine what effect this decision may have on our operating and debt budgets.”

 “We greatly understand the need for property tax relief,” Conley said. “Though we understand why the Austin Board of Realtors has taken such measures, we also realize this could reduce revenue growth for local school districts.”

The decision also could “potentially shift more funding burden to the state, and create more instability in public education funding,” she said.

“We are certainly concerned about the potential negative impact and are working to estimate how it might affect our budget for the upcoming year,” said Kenneth Adix, the Round Rock school district’s chief financial officer. “We are fortunate in that only 25% of our property tax revenue comes from Travis County, so we are not as deeply affected as some of our neighboring districts.”

Adix said the Round Rock district is “seeking more information on how state funding may help make up the difference in lost revenue as a result of the appraisal district’s decision.”

Meanwhile, Leonard, of the Eanes district, said he expects area districts and local governments to soon collaborate on a strategy aimed at reversing the move.

“We are not satisfied with an answer that we are going to get inaccurate numbers (for 2020) because they don’t have enough information,” Leonard said.

“Any rational person would know (that 2019 valuations) are inaccurate” in 2020, he said. “We really are hopeful that the assessor and the (Texas comptroller) will find a way to give accurate numbers to taxpayers, so they will have an accurate number for the taxes that they pay and we will be able to do our jobs.”

Leonard said that Crigler should have informed local school districts and other local governments of her thinking months ago so that they could have helped to devise a solution.

However, state Sen. Kirk Watson, D-Austin, said the Legislature, not Crigler, deserves blame for the development. While state law mandates that appraisals be based on market value, “there isn’t a mechanism to ensure access to the data to determine market value,” Watson said.

“Here’s a situation where all other means to determine market value have been shut down and the law doesn’t provide any remedy — but it certainly metes out punishment to school districts,” he said. “It doesn’t make sense that the appraisal district’s accuracy will be based upon data to which it has been legally denied access.”

The issue is expected to be something of a budgetary wash for the city of Austin and other nonschool district taxing entities in the region. Under state law, they can’t increase their revenue from property taxes by more than 3.5% annually without approval from voters, regardless of whether the extra funds come from increased property valuations or by increasing property tax rates.

Watson said the Legislature has a number of options available to fix the appraisal situation, such as letting appraisal districts have access to sales data.

Brent South, Hunt County chief appraiser and chairman of the Texas Association of Appraisal District’s legislative committee, agreed that a legislative fix is needed. He said appraisal districts across the state have been wrestling with the issue, although it hasn’t prompted an announcement like Crigler’s in other areas yet.

“We’re working with one hand tied behind our backs” when it comes to assessing fair market value, South said, because sales data aren’t required to be disclosed in Texas.

 

*Article from Statesman

Posted in General
Feb. 14, 2020

A Couple’s Guide to Valentine’s Day in Austin

 

From romantic happenings to the best dinner and dessert deals, here's your go-to guide to celebrating the day of love with your love.

Valentine’s Day is well, today and, despite the fact that your S.O. is dropping hints, you still don’t have a plan. Fret no more. Below is a combination of sugar, spice, and everything nice so you can fully prepare for your romantic night out. XOXO

WHAT TO DO

Valentine’s Drive-In Theater

Looking for some old-time romance? Blue Starlite is Austin’s own outdoor cinematic experience right in the middle of the city. On Valentine’s Day, catch a feature of Harry Potter and the Goblet of Fire, Princess BrideBreakfast at Tiffany’s, or Casablanca. However, whether or not you actually watch the movie is up to you (wink wink).

Kick-Axe Valentine’s Day Date

Hatchet Alley offers an unbeatable out-of-the-box date idea this Valentine’s Day. Interested in propelling a hatchet at a round target for points with your S.O.? Stop by for their Valentine’s Day Special from 6 to 7:30 p.m. for a $35 per couple session.

Beer My Valentine

Independence Brewing Co. has collaborated with Garrison Brothers Distillery to host a free one-night event, Beer My Valentine. On Feb 14 from 6-10 p.m., the event will include a limited-edition beer bottle release, free bourbon tastings, Texas two-step dance lessons, flowers, chocolates, a live bluegrass band, and 2 for 1 beer specials.

Love Notes at Alamo Drafthouse

Alamo Drafthouse Mueller is ready to help you celebrate the day of love. On Thursday, Feb 13, join in on a Valentine’s Ghost Dinner Party which includes a viewing of Ghost and a three-course meal featuring a decadent cheese plate, chicken saltimbocca served with potato “pottery,” and a warm, flaky apple-pear galette. On Friday, Feb 14, Alamo Drafthouse will also offer $5 Love Notes where guests have the opportunity to write short notes that will show on the big screen ahead of the feature film. All of the money from this event will be donated to charity and Alamo Drafthouse will match donations up to $10,000.

Lone Star Moonlight Cruise

Set sail on Lady Bird Lake for a romantic city lights tour with Lone Star River Boat’s Moonlight Cruise on Lady Bird Lake. Sit beneath the stars, gazing at the beautiful Austin skyline with your special someone. (It’s BYOB, so don’t forget the booze!)

Murder at the Mansion

Til death do us part. This Valentine’s Day, Hotel Ella is celebrating with an interactive whodunnit murder mystery dinner soirée complete with twists and turns at every course. The perfect date for your murder mystery & true-crime obsessed partner. Also offered: a cocktail hour and three course meal with wine pairings.

Date Night Pretzel Party

All you knead is love! Learn how to make Easy Tiger’s signature soft pretzels in a 3-hour class at their 6th Street Bakery Classroom. You and your partner will learn how to shape and twist and dip and salt and bake pretzels. No experience necessary.

DINNER

Juliet Italian Kitchen 

Juliet is offering their special Valentine’s Day menu all weekend long, featuring festive beet pasta and a bourbon bread pudding, as well as a special cocktail list with drinks like the Love Letter and Cupid’s Flute.

The Wayback

Trade the downtown Austin scene for beautiful views of the Texas Hill Country with the Wayback’s 4-course Valentine’s Day dinner priced at $75 per person. On the menu: Filet Mignon Au Poivre and Wild Mushroom Lasagna, just to name a few.

Suerte

Modern Mexican restaurant Suerte will feature a prix fixe menu for two on Valentine’s Day only featuring oysters and steak, plus a special dessert by Pastry Chef Derrick.

Intero

The East-Austin Italian restaurant is giving their Valentine’s Day guests a complimentary champagne toast, special dishes, and a dessert wine and chocolate pairing. Staying in? You can also order chocolate in advance to surprise your special someone.

 

The chocolate selection at Intero.

The Peached Tortilla

The Clarksville eatery’s prix fixe V-Day menu will include everything from Yakitori Skewers to blackened big eye tuna to to popcorn ice cream.

P6 

The raved-about LINE Austin’s P6 rooftop doesn’t just offer views: in honor of the day of love they’ll be serving Strube Ranch wagyu beef carpaccio served with lemon caper emulsion, confit tomato and herbs, and chocolate mousse served with passionfruit cremaux and chocolate cake. From 7 to 9 p.m. couples can also have special portraits taken, along with an intimate performance by musician David Cordoba starting at 6 p.m.

 

DESSERT 

Chocolate Covered Strawberries From Amy’s Ice Cream

Reservations for Amy’s Ice Cream Chocolate Covered Strawberries are here! They sold out last year, so make sure to get your order in soon. Pro tip: add on the new ruby chocolate drizzle for a fruity (and colorful) upgrade.

Bakery Lorraine

Bakery Lorraine doesn’t mess around when it comes to dessert. Here are (just a few) of the items on their extensive holiday menu: strawberry pop hearts, heart moonpies, grapefruit tiramisu, raspberry rose japonaise, and red velvet cake, baked to perfection.

Easy Tiger

Treat your sweetheart with a decadent coffee date full of sweets—from Easy Tiger’s strawberry chocolate truffle cookies to their perfect heart-shaped pretzels.

Strawberry Ice Cream Cake

Pastry Chef Amanda Rockman (from New Waterloo Hospitality) and Anthony Sobotik from Lick Honest Ice Creams are collaborating on an exclusive Strawberry Red Velvet Heart-Shaped Ice Cream Cake. Think: layers of tart cream cheese ice cream with a strawberry-balsamic jam swirl and fresh Texas strawberries on a house made red velvet cake layered with red sprinkles and Amanda’s special chocolate sauce. Preorders are accepted from now until Feb. 5.

 

*Article from Austin Monthly

Posted in Austin Events
Feb. 13, 2020

How to Pamper Yourself This Valentine’s Day in Austin

Because self-love is the best love.

No boo? No problem. Flaky friends? Doesn’t matter. On the day of love, spend some time cultivating the most important relationship you’ll ever have—that’s right, we’re talking about treating yourself. Here’s your itinerary for a day filled of relaxation, restoration, and quality one-on-one time

JUST BREATHE

Viva Day Spa

Stepping into Viva Day Spa, you can practically feel the anxiety float off of you. Both locations of the woman-led business have recently gotten face-lifts and they’re looking better than ever. Take, for example, their brand-new relaxation rooms, which allow guests to destress in a restorative environment, complete with plush seating and sips (chardonnay, anyone?). Offering both traditional spa and med spa services, we suggest going for their Viva Signature Massage, which is a 75-minute blend of Swedish and deep tissue strokes. Their HydraFacials are also a top pick, as they clean, exfoliate, and hydrate your skin, leaving you glowing for days after.

Viva’s also offering Valentine’s day packages, and will be staying open extra late so that you have more time to get your pampering in.

TAKE A CLOSER LOOK

Mihee Nahm’s Soaked

Soaked by artist Mihee Nahm is the latest exhibition at Women and Their Work. Through her paintings and drawings, Nahm captures the scenes of her everyday life, often with a flavor of poignancy and melancholy. Her artwork is said to conjure up the scent of rain and capture the fleeting passage of time. In one painting titled Puddle, wet leaves are shown to be stuck in the mud, an image Nahm likely saw during one of her daily walks. Through each piece, the viewer gets a sense of the intimate details of the painter’s life—a reminder of the shared experiences and emotions we all encounter.

 FILL UP

Bufalina

There are three good reasons why Bufalina is perfect for solo dining. The first being that we believe any pizza—especially the perfectly-charred Neopolitan style you can expect there—can be a personal pizza. The second being Bufalina offers bar seating, so you won’t be sitting across from an empty chair. Lastly, pizza is the perfect takeout food, so if you decide to take your meal home so you can Netflix-binge the last season of Friends, we totally get it. You do you, baby.

*Article from Austin Monthly

 

Posted in Austin Events
Feb. 12, 2020

Closing Day!

 

Congratulations to our clients on their beautiful new home in the #hielscher neighborhood of #circlecranch

@laurade.haro representing our amazing buyers.  We'd love to help you too! 

Posted in Market News
Feb. 11, 2020

Continental Automotive drives forward with 215K-sf plant

NEW BRAUNFELS (Connect Media) – Continental Automotive is developing a 215,000-sf manufacturing plant on 48 acres along Kohlenburg Rd. near I-35.

The $110 million facility will make products for advanced driver assistance systems. It will add 150 jobs. 

Construction begins later this year and will wrap up in 2021.​

 

*Info from RECON

Posted in General
Feb. 10, 2020

Austin’s Silicon Labs aims to become leader in Internet of Things technologies

Austin-based Silicon Labs says its optimism for 2020 is propelled by its mission to streamline the way everyday devices connect to the Internet.

In addition to a new security platform and service that Silicon Labs plans to introduce in the coming weeks, the company said it is planning to throw its first Works With Smart Home Conference.

Silicon Labs CEO Tyson Tuttle said these projects are part of the company’s broader strategy to be a leader in the Internet of Things market.

Silicon Labs is a designer and manufacturer of semiconductors and other silicon devices. About 700 of its 1,500 employees are based in Austin.

In recent years, the company has had a significant focus on its wireless chips, which other companies use to build Internet of Things products.

Internet of Things is a technology term referring to non-computing devices, such as kitchen appliances or televisions, that are connected to the Internet. IoT is common industry shorthand for the Internet of Things.

“IoT is a journey that we’ve been on for almost a decade now,” Tuttle said.

IoT technologies, such as home security cameras and smart thermostats, have become more common, but Tuttle said the company sees big promise in applying IoT technology to industrial purposes, such as construction sites.

“A lot of the devices that are going into homes; that’s one part of our business,” Tuttle said. “It’s actually the industrial side that is the bigger part of the business.”

While IoT represents about 60 percent of Silicon Labs’ business, that was not always the direction of the company, Tuttle said.

Tuttle said he was the 10th employee of the company when it launched in 1996. Beginning his career as a design engineer, he worked his way up to chief technology officer in 2010.

He said Silicon Labs had made significant headway and revenue in the PC and mobile handset markets. But the company’s leaders wanted to find more industries to engage.

“The semiconductor industry used to be that you could just integrate something and do a great chip,” Tuttle said. “Our industry has matured to a certain degree in that it wasn’t just about doing the best designs, but it also has to do with the customers that we’re dealing with and the markets that we’re going after.”

Tuttle said IoT was among the major focal points the company identified. Silicon Labs also made plans to make a stronger push for products used for communication infrastructure, along with those needed to regulate electric currents in devices.

When Tuttle became CEO in 2012, he said, the company started executing that plan.

“We transferred resources in and we also went through a series of acquisitions where we brought in software capabilities,” Tuttle said.

Rob Enderle, analyst for Enderle Group, said Silicon Labs is a strong player in the semiconductor industry. To become a leader in IoT, Silicon Labs needs to be as visible as it is productive, he said.

“This is not a build-it-and-they-will-come market. It really goes back to visibility. You have to have success, and you have to let other people know about that success,” Enderle said.

One of the ways Silicon Labs plans to be more visible is through the Works With Smart Home Conference, scheduled for September in Austin. The company has also joined a initiative called the Connected to Home over IP. The project is being led by the Zigbee Alliance, an organization dedicated to establishing industry standards for wireless technologies. Amazon, Apple and Google are among the alliance’s members.

“The ecosystems are coming together, and people want all the devices to connect into these ecosystems seamlessly,” Tuttle said.

With the growing prevalence of IoT devices, Tuttle said, also comes the need to address security for those devices.

Without going into too much detail, including the name of the new product, Tuttle teased a new “silicon-to-cloud” security platform and service that the company is preparing to launch this month.

Silicon Labs spokesman Dale Weisman described the product as sort of a “birth certificate” for IoT chips.

“An ID gets embedded into the chip that goes throughout its whole life cycle and you can secure the keys to unlock your applications and devices,” Weisman said.

Tuttle said bringing industry leaders together, along with the company’s attention to device security, will help the IoT market as a whole.

“There are a bunch of global standards of how this works, but as IoT rolls out, you have more and more companies participating in this technology,” Tuttle said. “So we’re trying to lead by example to say, these are the right ways to build and deploy this tech.”

 

*Article from Statesman

Posted in General
Feb. 7, 2020

All the fun for the weekend!

Here's a list of the top concerts and events happening in Austin this weekend. Get outside!

Friday, February 7, 2020

Periphery w/ Plini & Covet @ Emo's 

Sadfacethuggin - World of Sadface Tour @ Empire Control Room & Garage  

Shakey Graves Day IX @ Paramount and Stateside Theatres 

Rochelle & The Sidewinders Live! @ Banger's Sausage House and Beer Garden  

Princess Bride @ Blue Starlite Drive In 

John Cameron Mitchell The Origin of Love: Songs of Stories of Hedwig @ Bass Concert Hall

North Mississippi Allstars - Night One @ Antone's 

SOLD OUT: Allen Stone with Samm Henshaw @ Empire Control Room & Garage  

DeadEye - Grateful Dead Tribute @ The Parish 

Stiffs Acoustic Set @ Buzz Mill 

Banda MS @ H-E-B Center at Cedar Park 

Reena Calm with Andre Ricks @ The Velveeta Room 

Brother Moses w/ Feeves @ Stubb's 

Löwin Single Release Party with Slomo Drags, Yukon Gold, Urban Island Heat Effect @ Cheer Up Charlies UNCLE BOONMEE WHO CAN RECALL HIS PAST LIVES @ AFS Cinema

 

Saturday, February 8, 2020

SaulPaul's Alien Adventure @ Scottish Rite Theater 

8th Annual Friend Fest Celebration @ Central Market (North Lamar) 

Love Me, Love Me Not: A Dinner Cabaret @ Austin Central Library 

Yola - Walk Through Fire World Tour @ Historic Scoot Inn 

Bone Rattle Stand-up Showcase @ The Volstead Lounge 

North Mississippi Allstars - Night Two @ Antone's 

The Devil Makes Three w/ Matt Heckler @ Emo's 

Nané & Night Cap w/ Animals on TV @ The Parish 

Face/Off @ Spider House Cafe & Ballroom 

Be My Galentine: Moving Panoramas w/ Blushing & Dossey @ Stubb's 

Body Rock ATX: 10 Year Anniversary with Tony Touch @ Empire Control Room & Garage  

Blaze x Black with Magna Carda, Vace, & Deezie Brown @ Mohawk Austin 

The Deer & Sydney Wright @ The ABGB 

El Tule [Vinyl Release] with Plan Sonidero, DJ Albert @ Hotel Vegas 

A Giant Dog, Blood, PR Newman @ Barracuda

 

Sunday, February 9, 2020

Gospel Brunch: New Soul Invaders @ Stubb's 

Sunday Morning Math Group - Pick's Theorem @ Robert Lee Moore Building 

UNCLE BOONMEE WHO CAN RECALL HIS PAST LIVES @ AFS Cinema  

Popping Pop-Up Valentines @ Neill-Cochran House Museum 

The Merles Duo @ Vista Brewing 

Oz Benefit- Sweet Spirit, Sir Woman, Matthew Logan Vasquez, American Sharks & More @ Cheer Up Charlies Second Sundays at Sam's Town Point @ Sam's Town Point 

11th Annual Oscars Watch Party @ Black Sheep Lodge 

Kaki King w/ Atlas Maior (EARLY SHOW) @ Empire Control Room & Garage 

HalleyAnna & Dustin Welch @ Black's BBQ San Marcos 

Criss Angel RAW - The Mindfreak Unplugged @ Bass Concert Hall 

The High Cost of Playing God w/ The Bearer, Lyed @ Mohawk Austin 

Jordan Matthew Young @ The White Horse 

Church of Misery with Forming the Void, Black Wizard @ Barracuda 

The Rotten Mangos, Geranium Drive, Peach Almanac @ Hotel Vegas

*Info from DO512

Posted in Austin Events