Apollo Chooses Austin For Second Headquarters, Expanding Texas Presence
The global investment firm selects Austin as its second headquarters, adding momentum to Texas’ corporate growth story.
In partnership with
Good morning. Apollo Global Management has officially selected Austin for its second HQ, with plans to create an innovation hub focused on technology and future growth. The move reinforces Austin’s appeal among major corporations seeking talent, business-friendly conditions, and access to expanding industries.
IN PARTNERSHIP WITH WARESPACE
Join for a party in a formerly dead big box in Plano.
This box sat empty for years. We repositioned it as the future of industrial: 160 micro-bay warehouse units, more than half leased before it opens.
To show it off, we're throwing a grand opening, ribbon cutting, tours, BBQ, free massages, and a raffle. 174,500 SF everyone wrote off. Come walk it. 700 E Plano PKWY, Thursday August 6th, 4 to 7. Ribbon at 4:30 with the City.
*This is a paid advertisement. Please see the full disclosure at the bottom of the newsletter.
Market Snapshot
|
||
|
||
|
||
|
||
|
||
|
Austin Expansion
Apollo Picks Austin For Second Headquarters, Expanding Sun Belt Footprint
Apollo Global Management has officially chosen Austin as the location for its second headquarters, highlighting the city’s continued rise as a destination for major corporate expansions and financial services growth.
Picked over markets: Apollo selected Austin after evaluating Sun Belt locations, including South Florida, as part of its strategy to expand in regions where it expects significant future growth. The firm said the city’s talent pool, technology ecosystem, and business environment made it the right fit for its next phase of expansion.
Focus on innovation: Apollo plans to use the Austin headquarters as a testing ground for emerging technology and new products across its asset management and retirement solutions business, Athene. The office will be led by Apollo partner Eric Needleman and Athene executive Mike Downing.
Long-term plans pending: The company is currently operating from a temporary downtown Austin office and expects to finalize a permanent lease within the next few months. Apollo has not yet disclosed the building or location it will choose for the long-term headquarters.
Texas’ appeal keeps growing: Apollo cited Texas’ strong business relationships, Fortune 500 presence, and leadership in industries such as semiconductors, defense, energy, and advanced manufacturing. The state recorded 200 corporate relocations between 2020 and 2024, reinforcing its reputation as a major destination for business expansion.
Austin attracts major employers: Apollo’s move adds to Austin’s growing list of corporate arrivals, following years of expansion from technology and industrial companies. Investments such as SpaceX’s planned $20B semiconductor manufacturing facilities further highlight the region’s increasing importance as a business and innovation hub.
➥ THE TAKEAWAY
Finding a new home in Austin: Apollo’s decision shows Austin’s evolution beyond a technology hotspot into a broader corporate market capable of attracting global financial institutions. While office demand remains selective nationwide, companies seeking talent and growth opportunities continue to favor high-quality markets like Austin.
Around Texas
➥ Texas leads the nation's ranch market with nine of the top 10 counties and four of the top five metros for active listings, reflecting strong demand despite limited inventory.
➥ Flexential bought 110 acres in Kaufman County for its largest North Texas data center campus, adding to the region's rapidly expanding pipeline of AI-driven development.
➥ Amy's Attic Self Storage broke ground on a 110,000 SF facility in Jarrell, Texas, expanding its Central Texas footprint as the fast-growing Austin-area market continues to add storage supply.
➥ Quannah Partners sold its 183,000 SF Houston industrial project after securing an early buyer, reflecting strong demand for modern logistics space.
➥ Link Logistics acquired two fully leased industrial properties in DFW and Austin, expanding its Texas footprint and reinforcing its focus on high-demand logistics markets.
Follow the Money
| RETAILHOUSTON Aritzia signed a 19,000 SF lease at Houston’s Galleria, prompting Simon Property Group to invest $9M in a new flagship store buildout and continued retail upgrades. |
| FINANCIAL SERVICESAUSTIN Austin-based Grace Capital Management joined Concorde’s platform, giving the $110M RIA access to expanded resources to support future growth. |
| LENDINGTEXAS Troubled CRE loans in Texas topped $1.15B ahead of August foreclosure auctions, with multifamily syndicators accounting for more than half of the distressed debt. |
| OFFICEAUSTIN Cousins Properties sold One Eleven Congress in downtown Austin for $208M after a decade of ownership and major capital improvements, reflecting demand for quality office assets. |
| MULTIFAMILYPLANO S2 Capital sold its 229-unit Plano apartment property to Granite Towers Equity Group, avoiding foreclosure on the asset while facing additional distressed properties. |
| HOSPITALITYDALLAS-FORT WORTH DFW International Airport is nearing a $193.7M purchase of the Hyatt Regency, which would give it ownership of all four onsite hotels and expand its hospitality portfolio. |
📈 CHART OF THE WEEK
Texas multifamily is emerging as an early pressure point, with markets like Austin showing elevated watchlist activity even as banks continue to increase lending to the sector.
-
📬 Newsletters: Stay ahead of the market with our national CRE Daily newsletter — or get hyper-local insights from CRE Daily New York.
-
🎙️Podcast: No Cap by CRE Daily delivers an unfiltered look at the biggest trends—and the money game behind them.
-
🗓️ CRE Events Calendar: The largest searchable calendar of commercial real estate events—filter by city or sector.
-
📊 Market Reports: A centralized hub for brokerage research and market intelligence, all in one place.
-
📈 Fear & Greed Index: A fully interactive sentiment tracker on the pulse of CRE built in partnership with John Burns Research & Consulting.
You currently have 0 referrals, only 1 away from receiving Multifamily Stress Test Model.
What did you think of today's newsletter? |
