RECA Weekly NewsWire

Real Estate Council of Austin®

Austin Tree Experts
Equity Secured Capital
Morrison & Head
Top Stories
ADUs, or granny flats, are not as easy to build in Austin as they should be. RECA urges the new City Council to take advantage of this opportunity to respond to the community’s needs.

Visit http://www.reca.org/blog to view the full article online.

 
After months of speculation, the City of Austin posted the draft Zucker Report on its website Thursday night.

Last year, Zucker Systems performed an analysis of the Planning and Development Review Department, and while they did find "many exemplary features" within the department, a quick glance makes it clear why the city was less than eager to release the findings without some revision.

Visit http://www.austinmonitor.com/stories/2015/03/zucker-report/ to view the full article online.

 
The comments, which came during a Texas Lyceum panel discussion at the Hilton Austin hotel moderated by Texas Association of Business CEO Bill Hammond, saw the trio tackle a range of questions to probe their thoughts on the future of Texas' economy.

Visit http://www.bizjournals.com/austin/news/2015/03/06/entrepreneurial-elites-say-3-issues-critical-to.html?ana=e_du_pub&s=article_du&ed=2015-03-06&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1425911671 to view the full article online.

 
Rising demand in small residential dwellings called micro units has peaked in Austin, according to one developer who plans on building the biggest micro-unit project in Austin so far

Visit http://impactnews.com/austin-metro/central-austin/micro-unit-residential-project-coming-to-east-austin/ to view the full article online.

 
Advocacy
We have built a framework that allows free enterprise to flourish, including less government, low taxes, reasonable regulations and the right-to-work laws that attract job creators and keep job growth here in the state of Texas.

Visit http://www.forbes.com/sites/realspin/2015/03/09/gov-greg-abbott-texas-means-business/ to view the full article online.

 
Austin's so-called source of income ordinance, that would push most landlords to accept tenants receiving public housing assistance, is on hold yet again.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/03/appeals-court-grants-injunction-against-citys.html?ana=e_du_pub&s=article_du&ed=2015-03-09&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1425933164 to view the full article online.

 
Members of the Texas Retailers Association descended upon Austin recently to drum up support for a bill that would exempt business inventory for school district taxes.

Visit http://www.bizjournals.com/austin/blog/abj-at-the-capitol/2015/03/busloads-of-texas-retailers-arrive-in-austin.html?ana=e_du_pub&s=article_du&ed=2015-03-03&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1425418276 to view the full article online.

 
Naylor Association Solutions
Local News
Two of the city’s biggest stakeholders are at odds over whether to allow overnight concrete pouring at downtown Austin construction sites.

Visit http://impactnews.com/austin-metro/central-austin/overnight-concrete-pouring-debate-highlights-downtown-austin-growing-pains/ to view the full article online.

 
The tower cranes visible along Cesar Chavez are not just for the Seaholm and Green Water redevelopment sites. Between the two sites are a couple of projects that will also have a major impact on downtown Austin.

Visit http://buildingatx.com/2015/03/central-library-and-2nd-street-bridge-coming-together-photos/ to view the full article online.

 
Philadelphia-based Resource Real Estate Opportunity REIT Inc. (Opportunity REIT), a non-traded real estate investment trust sponsored by Resource Real Estate Inc., has acquired Woodmoor Apartments, a 208-unit class B, 97-percent-occupied apartment complex in south Austin.

Visit http://www.globest.com/news/12_1060/austin/multifamily/Opportunity-Knocks-on-Austin-Multifamily-Asset-355902-1.html?ET=globest:e45790:852195a:&st=email&s=&cmp=gst:Texas_AM_20150305:editorial to view the full article online.

 
National News
Around midyear, Walmart will open a massive 1.2 million-square-foot e-commerce fulfillment center just west of Georgia’s capital. Robert Zelis, vice president supply chain, Sam’s Club.com at Walmart eCommerce, says the new facility, which will house 500,000 SKUs, is just one indication that Walmart is adapting well to the changing habits of shoppers.

Visit http://www.globest.com/news/12_1061/national/naiop/How-E-Commerce-Is-Making-CRE-Adapt-355968-1.html?ET=globest:e45806:852195a:&st=email&s=&cmp=gst:National_AM_20150309:editorial to view the full article online.

 
Why is multi-family so hot? Partly it’s because so many consumers today want to live in the hearts of urban areas. And they don’t want to live only in major cities such as Chicago, New York City or Los Angeles.

Visit http://rejblog.com/2015/03/04/how-did-the-u-s-become-a-nation-of-renters/ to view the full article online.

 
Across the country, the health care industry is pouring billions of dollars into new hospitals and medical centers. And the new hospitals of today are very different than the ones they're replacing.

Visit http://www.npr.org/2015/02/23/388378618/new-hospital-buildings-define-future-of-health-care to view the full article online.

 
Cheap wood flooring, furniture and cabinetry from China that contains high levels of the chemical formaldehyde may or may not be bad for your health, but it's definitely bad for your portfolio.

Visit http://www.thestreet.com/story/13063986/1/is-cheap-wood-from-china-killing-you-or-just-your-profits.html to view the full article online.

 
Events
3/25/2015

11:15 am - 1:00 pm

JW Marriott
110 E. Second Street

Visit http://www.reca.org/events to view the full article online.

 
4/21/2015

11:15 am - 1:00 pm

The Four Seasons Hotel
98 San Jacinto Blvd.

Visit http://www.reca.org/events to view the full article online.

 
RECA Real Estate Council of Austin®
98 San Jancinto Blvd. Suite 510 - Austin, Texas 78701
info@reca.org | www.reca.org