Apollo Opens 2nd Headquarters in Austin as Tax Fight Roils New York
Updated
Updated · The Real Deal · Aug 3
Apollo Opens 2nd Headquarters in Austin as Tax Fight Roils New York
3 articles · Updated · The Real Deal · Aug 3
Summary
Apollo Global Management said Austin will become its second headquarters, formalizing a move previously reported in June while keeping its global headquarters in New York.
Marc Rowan and other wealthy New Yorkers have blasted Mayor Zohran Mamdani’s tax agenda, including a new levy on second homes, as hostile to business.
Apollo described the Austin office as a strategic growth hub focused on innovation and emerging technology; Eric Needleman and Mike Downing will lead the operation.
Austin offers a deepening corporate base despite exodus talk: the city passed 1 million residents in May and logged 7 corporate relocations last year, versus 11 in Dallas-Fort Worth.
Apollo has not picked a site yet, but newly delivered top-tier space is available, including the 74-story Waterline tower with more than 700,000 square feet of offices.