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It’s no secret that Austin is suffering from an affordability crisis, where the average family’s cost of living — and especially of housing — is rising faster than its income. Those housing costs include the property taxes we pay to keep our local governments running. And, as shown by RECA’s latest findings, that tax burden is also outpacing many Austinites’ ability to pay.

Visit http://www.reca.org/blog/post/austins-cost-of-government-continues-to-significantly-outpace-incomes to view the full article online.

 
Unseating Silicon Valley, Austin has moved up to be the No. 1 U.S. city for startups in the latest annual Kauffman Index report.

Visit http://www.bizjournals.com/austin/blog/techflash/2015/06/austin-takes-no-1-spot-in-nationon-influential.html?ana=e_aus_rdup&s=newsletter&ed=2015-06-04&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1433795433 to view the full article online.

 
It’s hard to miss the additional lanes going in on sections of MoPac as part of the MoPac Improvement Project, but there is another project along MoPac that includes non-auto improvements that officials hope will have a positive impact on mobility.

Visit http://buildingatx.com/2015/06/mopac-bicycle-and-pedestrian-improvements/ to view the full article online.

 
Known on a national level for its ability to maintain low unemployment, Austin ranked as the second best city for future job growth by Forbes, first in the nation in tech jobs creation, and second for the largest workforce of tech professionals by Dice. After years of stagnation, asking rates for industrial product start to rise, partly due to slow construction combined with high net absorption and low vacancy rates.

Visit http://www.cpexecutive.com/researchcenter/research-center-cpe-research/market-reports/market-snapshot-austin-industrial-on-the-upswing/1004120717.html to view the full article online.

 
Advocacy
When a state success story is as big as Texas’ is, the good news needs sharing beyond the immediate borders. When an already business-friendly state becomes even more hospitable to growth and innovation, that message needs to go worldwide.

Visit http://www.forbes.com/sites/travisbrown/2015/06/08/texas-sized-tax-cut-governor-abbott-signs-total-relief-tax-package-of-3-8-billion/ to view the full article online.

 
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Local News
Live, work, play: Three words that are music to any Austin developer’s ear.

The trifecta has proved golden for the city, said panelists who appeared at RealShare Austin’s second session, "Office Space: The Changing Landscape."

Visit http://www.globest.com/news/12_1124/austin/office/Live-Work-Play-Reigns-in-Austin-358532-1.html?utm_medium=email&utm_source=Act-On+Software&utm_content=email&utm_campaign=Live%2C%20Work%2C%20Play%20Reigns%20in%20Austin&utm_term=Read%20More%20at%20GlobeSt. to view the full article online.

 
AURA Calls on Austin City Council to Fight Housing Crisis by Legalizing Backyard Cottages Everywhere
New report released today demonstrates that new rules can create thousands of of new affordable homes

Visit http://aura-atx.org/2015/06/aura-calls-on-austin-city-council-to-fight-housing-crisis-by-legalizing-backyard-cottages-everywhere/ to view the full article online.

 
The Domain continues to draw new development — almost as much as downtown Austin, which is undergoing its own unprecedented construction activity.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/06/1-million-square-feet-of-office-multifamily-retail.html?ana=e_aus_rdup&s=newsletter&ed=2015-06-09&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1433862529 to view the full article online.

 
National News
Some consider it one of the most ambitious projects in the Atlanta’s history. It is certainly one that is seeking to transform the industry by focusing on the human experience rather than just the buildings. Avalon is a 2.3-million square foot mixed-use project in Atlanta’s Alpharetta, GA submarket.

Visit http://www.globest.com/news/12_1128/atlanta/retail/Could-This-Project-Transform-the-Industry-358684-1.html?ET=globest:e46639:852195a:&st=email&s=&cmp=gst:National_AM_20150608:editorial to view the full article online.

 
The Commerce Department reported earlier in May that April’s new housing starts represented the best month since November 2007. Meanwhile, new permit applications, an indicator strongly correlated with near-term construction, were up 10.1% for the month.

Visit http://www.globest.com/news/12_1120/national/industrial/Housing-Gains-Mean-Added-Boost-for-Industrial-358339-1.html?ET=globest:e46533:852195a:&st=email&s=&cmp=gst:National_AM_20150527:editorial to view the full article online.

 
Moody Younger unleashed his entrepreneurial spirit three years ago when he launched Younger Partners (along with Kathy Permenter) following the bankruptcy of Grubb & Ellis (where they led the Texas office). He gave us these three tips he learned (the hard way) about starting a commercial real estate firm.

Visit https://www.bisnow.com/dallas-ft-worth/news/commercial-real-estate/close-up-moody-youngers-three-startup-tips-46633 to view the full article online.

 
Although it may seem obvious to select an investor who already understands your industry, it’s easy to gloss over when an angel investor or venture capitalist is offering you funding. However, these potential investors put their money in all types of industries to diversify but no one without those investment firms actually has worked directly in your industry.

Visit http://www.forbes.com/sites/mnewlands/2015/06/08/why-you-want-investors-who-understand-your-industry/ to view the full article online.

 
Events
Date: 8/12/2015

Time: 8:00 am - 1:30 pm

JW Marriott
110 E 2nd St

Visit http://www.reca.org/events/event/mid-year-economic-forecast-635147 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