RECA Weekly NewsWire
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October 20, 2016 In This Issue
Top Stories
Local News
National News
Events
Austin Tree Experts
Professional Janitorial Service of TX
Top Stories
Sammy’s House provides care and, more importantly, education for children facing some of the toughest challenges imaginable. Please join us this Saturday, October 22, for our big volunteer day at Sammy's House.

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Collaboration is key in initiatives to relieve congestion in Central Texas, including MoPac express lanes, Mobility35 and the November city of Austin transportation bond, panelists said at the Real Estate Council of Austin’s Ideas Forum Luncheon on Oct. 11 at the JW Marriott in downtown Austin.
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Building maintenance and operations — often an overlooked but crucial part of a building's lifecycle — can track several data sets, such as air quality, lighting, utility data, leasing data, thermal comfort, HVAC, weather, waste and recycling, security and occupancy.

Gathering this kind of information can lead to smarter business decisions, according to Shuntorov. He said that if gathered and used effectively, insights gained from building data can reduce energy costs by approximately 17%. "It’s hard to answer business questions without data," Shunturov said. "We have no idea how buildings perform after we build them, and that’s the journey organizations are beginning to embark on."
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Investors continue to offer higher and higher prices for apartment properties relative to the income the properties produce. After a slow beginning to the year, cap rates in the apartment sector continued their relentless march downwards.
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Local News
Trammell Crow Co. and Clarion Partners announced Monday that they will jointly build Park 183 — a nearly 1 million-square-foot industrial park at the southwest corner of U.S. Highway 183 and Burleson Road in Southeast Austin.
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It's about to get much easier to walk from the Fairmont Austin (which some—OK, we—have called the city's next big project) to the Austin Convention Center. A 33-foot elevated bridge called the Red River Street Canopy Walk will connect the second floors of the hotel and convention center, and be accessible from Waller Creek Trail.
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New movie theater-entertainment center concept coming to San Marcos
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Companies left downtown Dallas in droves in the 1980s, and it went on to have the emptiest office market in the nation in the early 1990s. Stonehenge stood as a negative symbol for years.

But that era is over. Today, downtown Dallas is a different place. Stonehenge has been replaced by Hall Group’s new 18-story Hall Arts office tower—the first office project built in the central business district in years. In downtown’s Arts District, new performance halls and museums have been erected. The new Klyde Warren Park, a transformative downtown recreational haven built over a below-grade freeway, attracts scads of people every day of the week. And perhaps most important, dozens of older office buildings have been converted to residential use, giving rise to a more active street life.
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National News
Once young people do have kids and those kids reach 5 or 6 years old, Toby says he expects an exodus to the suburbs. He attributes this to the suburbs often having superior school systems than inner cities.
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Firms launched after the housing crisis say they can take much of the worry and work out of owning out-of-state rentals, for fees that typically run from 7 percent to 10 percent for property management and 3 percent for acquisition. Their clients usually buy one or two homes to supplement their incomes and investment portfolios.
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Now West Elm has set its sights on a new goal, as a hotel operator. The retailer has struck a deal with DDK, a hospitality development and management company, and is laying plans to open five hotels by late 2018, according to a statement from the company.
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Gort Scott, in collaboration with developer Pocket Living, has secured planning permission to build 45 affordable "Pocket" apartments out of unused office space in Walthamstow, England. In an effort to produce highly-sought-after living space in the heart of the city, the design features three- and four-story elements that complete the terrace in the rear of the existing building, filling the gap between neighboring developments.
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Events
Saturday 10/22/2016
8:00 am - 12:00 pm
Sammy's House
2415 Twin Oaks Drive

Make a donation below, contribute your talents and pool your resources with other RECA members to benefit Sammy’s House in our annual Christmas in October.
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Tuesday 11/1/2016
11:15 am - 1:00 pm
Four Seasons Hotel
98 San Jacinto Blvd.

Public and Private Partnerships - Working Together for Better Parks
Should Austin's parks only offer vast open areas of often vacant grass? At Klyde Warren Park in Dallas and Discovery Green in Houston, the public and private sectors have worked together to create parks with innovative amenities that both communities have embraced. From restaurants to performance stages, these parks have become widely known as much for the experiences they offer as the open space they provide. How is Austin working with the private sector to improve our parks and what can we learn from these success stories?
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Thursday 11/3/2016
11:00 am - 6:00 pm

Avery Ranch Golf Club
10500 Avery Club Drive
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