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  BUSINESS   Oregon CrowdStreet company moving headquarters to Austin, Texas  

Story by Mike Rogoway | The Oregonian/OregonLive - Story Source
Published on Saturday March 20, 2021 - 12:55 AM

CrowdStreet, a Portland startup that runs an online marketplace for real estate investments, said Friday that its CEO is moving to Austin, Texas, and that the company now considers that city its headquarters.

"Austin has a number of benefits such as pro-growth economic policies that help job-creating businesses thrive," CEO Tore Steen said in a statement announcing the move. He said that Texas is among its top markets for investors participating in its marketplace.

For now, the shift consists only of Steen himself moving to Texas. CrowdStreet said it expects to hire 80 people this year and said that as it grows it will split new hires between its current Portland office, its new Austin headquarters and remote work.