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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. |
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The inevitable end of the bull market: With this bull market in commercial real estate now five years old (six for public real estate securities), isn’t it time to be cautious?
Visit http://nreionline.com/commentary/five-commercial-real-estate-market-trends-you-can-bank to view the full article online. |
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Millennials, many saddled with college debt, are following job opportunities to smaller metropolitan areas — secondary cities — where the cost of living is less than in primary cities such as New York and Los Angeles.
Visit http://newsletters.briefs.blpprofessional.com/document/16MHqerJJe.HcKoVaY3zvA--_2lz1944bm0wzwx8umq/front to view the full article online. |
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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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A regional transportation plan designed to manage growth in Central Texas nearly received unanimous approval May 11 by the Capital Area Metropolitan Planning Organization policy board.
Travis County Judge Sarah Eckhardt was the only board member who abstained from voting on the CAMPO 2040 long-range plan, saying it did not show enough restraint in terms of cost or determining regional significance of projects. Visit http://communityimpact.com/campo-adopts-2040-long-range-transportation-plan/ to view the full article online. |
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This weekly list is valuable to service providers seeking growing clients, can be mined by retailers for competitive business intelligence, plus it provides a good indication of which brokers are staying busy.
Visit http://www.bizjournals.com/austin/blog/real-estate/2015/06/real-estate-roundup-out-of-staters-grab-austin.html to view the full article online. |
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Volex PLC — an electrical, fiber optic and power cord supplier — is moving its U.S. data division headquarters to Austin from Santa Clara, California.
Though the employee count is only about 15, the company plans to grow its operations in Austin to a headcount of about 45 and is planning a move to office space at The Domain. Visit http://www.bizjournals.com/austin/blog/real-estate/2015/06/austin-gets-another-hq-californias-costs-blamed.html?ana=e_du_wknd&s=article_du&ed=2015-06-13&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1434397000 to view the full article online. |
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Panelists came back to a central theme throughout the opening session of the inaugural RealShare Austin conference on Tuesday: The city of Austin is a hot commodity.
And while a key component is technology, the ever-growing MSA is thriving thanks to a recent new addition: The Circuit of the Americas (COTA) racetrack, and particuluarly, Formula One racing. Visit http://www.globest.com/news/12_1124/austin/hotel/Austin-Is-Hot-Panelists-Agree-358530-1.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&cm_mmc=Act-On%20So to view the full article online. |
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The Brookings Institute just ranked Houston No. 9 on its list of the hottest metros for advanced industries. (Austin was close behind at No. 11.) The study says nearly 13% of Houston's jobs come from "advanced industries"—ones characterized by R&D, science, technology, engineering and math workers.
Visit https://www.bisnow.com/houston/news/other/houston-a-top-10-stem-city-46904 to view the full article online. |
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It’s no secret that the cultural demographics of the US continue to evolve. As some of the world's economies are declining, foreigners increasingly recognize the economic strength of the United States.
Visit http://www.globest.com/blogs/counterculture/retail/Investors-and-Multicultural-Tenanting-357788-1.html to view the full article online. |
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Right now, job creation momentum is the strongest in tech-oriented metropolises and Sun Belt cities with lower costs, particularly the still robust economies of Texas.
Visit http://www.forbes.com/sites/joelkotkin/2015/06/04/the-best-cities-for-jobs-2015/ to view the full article online. |
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The survey of almost 180 U.S. real estate executives indicates they are slightly more optimistic about investment opportunities in Cuba than in traditional standouts like Venezuela and Argentina, despite the remaining restrictions on direct investment in Cuba.
Visit http://www.miamiherald.com/news/business/article23521387.html to view the full article online. |
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Many commercial property developers are now using crowdfunding platforms to raise capital for their projects. That means people who want to invest in billion dollar properties now have access to once unapproachable real estate projects -- albeit for very small shares of the business.
Visit http://money.cnn.com/2015/06/12/technology/crowdfunded-commercial-real-estate/ to view the full article online. |
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Thursday, June 25
5:30 - 7:30 p.m. Brew Exchange 706 W. 6th Street Visit http://www.reca.org/public/uploads/files/events/June_HH_at_Brew_Exchange.jpg to view the full article online. |
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Wednesday, August 12
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. |