Local music Legend and Austin nightlife titans form a venture (ABJ)

LINK TO STORY

excerpt from Austin Business Journal;

“I’ve been playing bars for 45 years and I’ve seen plenty of them open then close the next year,“ said Benson, who was only recently spurred to get into the bar business.
When approached with the idea to open a bar, Benson knew Luckie and Williamson had a solid record of food and beverage success and couldn’t pass up the opportunity.
There’s no doubt all three men recognize that nightlife is as much an industry, as it is entertainment. Millions are spent each year on the construction of bars and restaurants and Texans spend upwards of $4 billion a year on liquor alone, according to the Distilled Spirits Council . That figure doesn’t take into account cover charges and other revenue streams, all providing employment for thousands of people.

The Silent Market- KUT RADIO INTERVIEW

LINK TO STORY AT KUT

FROM KUT RADIO AUSTIN
Many high-end home sellers are bypassing the traditional multi-listing service in Austin, relying instead on the so-called “silent market.” Cody Lyon of the Austin Business Journal explains more about this word-of-mouth style of selling real estate.

I would describe it as sort of an insider’s club for home sellers. What you have are people who, for whatever reason, choose to market their homes more discreetly. The silent market is really a term that was coined by some folks who market homes not through the traditional multiple-listing service, but they do it by word of mouth. Probably the biggest benefit to not advertising on the multiple-listing service is the discretion that you are afforded by going quiet – by marketing quiet.

If you’re in a hurry to sell your home, then the multiple-listing service is the way to go. But if you’ve got a lot of time to kill, you know, you’re not really thinking about selling your home but you’re flirting with the idea of selling your home, if you put it on the silent market then you are able to sort of test the market and see whether or not there’s even any interest at all.

One broker that I spoke with told me that this is generally an area within five miles of the Capitol. He said that the homes start at around $500,000 and go up to $1 million or more.

Read Cody Lyon’s full article online at the Austin Business Journal.