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In January of this year, the Real Estate Council of Austin (RECA) release a white paper on affordability in the city, calling for at least 100,000 new housing units by 2025. The organization has now released a second white paper on housing affordability, which among other steps calls for large-scale changes to the City’s code and development review process.

Visit http://buildingatx.com/2015/08/reca-to-improve-affordability-overhaul-city-development-processes-and-policies/ to view the full article online.

 
It was by far the most popular story on the Austin Business Journal's website last week, and now a grand proposal to bring a "personal rapid transit" system to Austin is moving into the spotlight at City Hall.

Visit http://www.bizjournals.com/austin/blog/at-the-watercooler/2015/08/entrpreneurs-jetsons-style-transit-system-turns.html?ana=e_aus_rdup&s=newsletter&ed=2015-08-17&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1439903288 to view the full article online.

 
Over the past four years, at least 54 companies have either relocated from the suburbs to the CBD or opened satellite offices downtown. Could employee shuttles to suburban offices reverse the trend?

Visit https://www.bisnow.com/chicago/news/commercial-real-estate/suburban-tod-piece-49167 to view the full article online.

 
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Renters are being hit the hardest with increasing housing costs due to building delays within the City of Austin's Planning and Development Review department. That's the conclusion drawn by Megan Shannon, a new project manager with Momark Development, who studied the issue in depth at the University of Texas as a graduate student of urban planning.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/08/austin-development-delays-are-costing-renters-the.html?ana=e_aus_rdup&s=newsletter&ed=2015-08-18&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1439904031 to view the full article online.

 
Texas MicroGrids is scheduled to host the event at the Clay Pit restaurant on Aug. 25. A luncheon and afternoon workshop will focus on zero-entry cost solar for commercial real estate using property assessed clean energy, or PACE.

Visit http://www.bizjournals.com/austin/news/2015/08/17/solar-energy-financing-event-to-be-in-austin-next.html to view the full article online.

 
The U.S. Environmental Protection Agency (EPA) has announced a poster contest to highlight green infrastructure and low-impact development projects in Arkansas, Louisiana, Oklahoma, New Mexico and Texas. Did your business build a parking garage with a green roof? Do your city government buildings harvest rainwater? EPA wants to hear about projects like these in preparation for the EPA Region 6 Stormwater Conference.

Visit http://www.epa.gov/region6/water/npdes/greeninfrastructure/pdf/2015_EPA_gi_lid_poster_competition.pdf to view the full article online.

 
Austin Business Journal and San Antonio Business Journal will host the 2015 Austin-San Antonio Growth Summit. Join us as the mayors of Austin and San Antonio share their visions for the corridor along with a panel of experts who will discuss the region.

Visit http://www.bizjournals.com/austin/event/115011?ana=et_aus_evasareg to view the full article online.

 
When you think of major healthcare construction projects underway in Austin, your first thought is probably UT’s Dell Medical School and new Seton teaching hospital.

But St. David’s is also currently underway with a major construction project of its own.

Visit http://buildingatx.com/2015/08/st-davids-medical-center-icu-expansion-underway/ to view the full article online.

 
National News
Taking a proactive preventive approach is the key to minimizing the risk of infection from Legionella in your building water system. Here are 10 ways that you can save time and money, prevent litigation and illness, and maybe even save a life.

Visit http://www.fmlink.com/article.cgi?type=&title=10%20Ways%20to%20Prevent%20Building-Associated%20Legionnaires%27%20Disease&pub=&id=42237&mode=source to view the full article online.

 
Investors are pushing commercial real-estate prices to record levels in cities around the world, fueling concerns that the global property market is overheating.

Visit http://www.wsj.com/articles/surge-in-commercial-real-estate-prices-stirs-bubble-worries-1439415930 to view the full article online.

 
The Small Business Administration's latest lending statistics confirm what was widely suspected: its two lending programs are headed in opposite directions and some changes may be needed.

Visit http://www.nationalmortgagenews.com/news/origination/rehab-sought-for-sbas-commercial-real-estate-lending-program-1058730-1.html to view the full article online.

 
Builders who construct homes that comply with the 2012 or 2015 International Energy Conservation Codes can boost the efficiency of those structures by 38%. Commercial contractors can boost the energy efficiency of their new buildings by 29%.

Visit http://www.constructiondive.com/news/code-to-joy-energy-expert-touts-benefits-of-building-green/402333/ to view the full article online.

 
Studies have shown that millennials — young adults born after 1980 — are delaying many milestones, from marriage to having children, "so it makes sense they would also delay buying a home," Zillow Chief Economist Svenja Gudell said in a release.

Visit http://www.constructiondive.com/news/zillow-first-time-homebuyers-renting-for-6-years-before-buying/404141/ to view the full article online.

 
Events
Date: 8/26/2015
Time: 5:30 pm - 7:30 pm
Urbanspace
801 W 5th St #100

Visit http://www.reca.org/events/event/real-yp-recruitment-party-637588 to view the full article online.

 
Date: 8/27/2015
Time: 2:00 pm - 3:00 pm
Online Webinar

This webinar serves as a great introduction to the Argus Valuation software for those who have little or no previous experience with the software, or for those who are interested in how it works.

The presenters will take it slow - starting with what you see when you first open the program. They'll take you through how to build an ARGUS model "from scratch" - without relying on the ARGUS Wizard or an existing template.

The presenters will then explain the initial set up of the Property Description pages and introduce the various ways that the Argus software can assist anyone in the valuation of any commercial real estate property.

Visit http://www.reca.org/events/event/webinar--an-introduction-to-argus-valuation-659631 to view the full article online.

 
Tuesday, September 22
11:15 am - 1:00 pm

The Four Seasons Hotel
98 San Jacinto Blvd.

Visit http://recaonline.site-ym.com/events/event_details.asp?id=647799 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