RECA Weekly NewsWire
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April 30, 2015 In This Issue
Top Stories
Advocacy
Local News
National News
Events
Austin Tree Experts
Equity Secured Capital
Morrison & Head
Top Stories
Changing our culture of growth to more sensible solutions like densifying nodes can help us reduce our water and energy needs and our carbon footprint.
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More city and business leaders are sounding the alarm on affordability as new data came out this week around that issue.
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Student housing is very management intensive, and it’s very unforgiving for those who aren’t prepared, DTZ’s senior managing director Justin Glasgow tells GlobeSt.com. We spoke exclusively with Glasgow and several other student-housing experts about the most pressing issues the sector is facing.
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A recent lottery for 55 affordable housing units in a New York City "poor door" high-rise at 40 Riverside Blvd (pictured) yielded a response from 88,000 people. "Poor door" means the building's lower-income homeowners will have a separate entrance from their market-rate neighbors. The overwhelming response, despite the controversy, shows there's a high demand for affordable housing, Julian Castro, secretary of the Department of Housing and Urban Development, tells MarketWatch.
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Advocacy
Sen. Paul Bettencourt’s bill to put small business property tax appeals under the arbitration umbrella will be on the Texas Senate’s intent calendar on Thursday.
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Naylor Association Solutions
Local News
A Denver-based real estate investment trust is taking a larger stake in the Austin office investment market, plunking down $68.75 million for the City View portfolio at 1122 S. Capital of Texas Highway.
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Experts: High demand, cost of land prevents more developers from investing in new construction

For the past five years Austin’s retail real estate occupancy has hovered well above 90 percent. It is a trend Karen Judson, vice president of marketing and research for commercial real estate firm Transwestern, does not see relenting any time soon.
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Area to tally more than 2K apartments

By summer 2016 the Lake Travis ISD area will see an increase to about 2,050 apartment units compared with January 2015’s 1,700 units, Realtor Doug Land said. The influx of rental communities is a new market for western Travis County, which has been largely missing this segment of housing for the past decade, the Kuper Sotheby’s International Realty broker said.
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An attempt to reduce regulatory burdens on accessory dwelling units advances April 28 to the Planning Commission and potentially to Austin City Council for a May 7 public hearing.
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Houston has nearly 17,500 hotel rooms in various stages of the development pipeline, second only to NYC (30,000 rooms). The two metros alone constitute more than 10% of hotel development planned in the US, according to the latest STR Pipeline Report.
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National News
Startups in Europe’s real-estate market that offer virtual-reality tours, online leasing marketplaces and other technology services are catching investors’ eyes, but they will have to outmuscle more established, better-funded U.S. companies to succeed.
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Real estate crowdfunding platform Fundrise has shared a bit of history. The first ever crowdfunded real estate project has opened up as a "communal food" and retail market in the H Street corridor in our nation’s Capitol.
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It can’t be coincidence that at a time of enormous entity-level deals for industrial assets, the property type has become the investor favorite. That’s among the findings of the CBRE Group in its just-released North America Investor Intentions Survey 2015, which also found that industry players plan to go out further on the risk curve this year.
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Single-tenant, net-leased auto-parts stores are a viable alternative retail investment to fast-food and bank single-tenant net-leased investments and are becoming a hot new sub-category in this arena.
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In his recent presentation at the fifth annual Sustainable Real Estate Conference in New York, David Pogue, the global director of corporate responsibility for CBRE Group Inc., said the next frontier in commercial real estate is occupant experience.
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Events
Date: 5/13/2015

Time: 5:00 pm - 7:00 pm

San Jacinto Center Lobby
98 San Jacinto Blvd.
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Date: 5/18/2015

Time: 11:15 am - 1:00 pm

The Hyatt Regency
208 Barton Springs
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Date: 6/10/2015

Time: 11:15 am - 1:00 pm

The Four Seasons Hotel
98 San Jacinto Blvd.
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If you regularly work on Traffic Impact Analysis (TIA) then you need to watch this webinar. You’ll learn everything you need to know about TIA requirements for new development projects as well as how and when to effectively incorporate a traffic engineer into your project team. You’ll also learn about the differences between a TIA, Traffic Study and Parking Study.

Thursday, June 11, 2015 2PM CENTRAL (3:00 ET / 12:00 PT / 1:00 MT ) Duration: 60 minutes
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