RECA Weekly NewsWire

Real Estate Council of Austin®

Austin Tree Experts
Equity Secured Capital
Top Stories
For the first time, according to industry tracker Source Strategies Inc., the Austin area passed up the Alamo City, generating more hotel revenue than a market so heavily dependant on the tourism sector.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/08/a-first-austin-beats-san-antonios-hotel-business.html?ana=e_du_pub&s=article_du&ed=2015-08-27&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1440706731 to view the full article online.

 
Commercial and residential construction starts dropped dramatically in July, based on data from a national analytics company — but Austin-area construction experts don't believe a word of it.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/08/report-austin-construction-starts-decline-local.html?ana=e_du_pub&s=article_du&ed=2015-08-27&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1440706647 to view the full article online.

 
Tension between a New York developer and Austin planners appear to have been diffused as City Council unanimously approved an agreement Tuesday to facilitate the construction of a 35-story condo tower on Rainey Street downtown.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/08/austin-oks-latest-rainey-street-tower-after.html?ana=e_aus_rdup&s=newsletter&ed=2015-08-26&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1440595701 to view the full article online.

 
United Heritage Credit Union
Naylor Association Solutions
Local News
Austin's traffic situation has seemingly improved in the past year, according to a mobility report from Texas A&M University. Don't tell that to Austin-area commuters, though, who spend more than two full days per year stuck in traffic delays.

Visit http://www.bizjournals.com/austin/news/2015/08/26/austin-traffic-ranking-improves-on-paper-as.html?ana=e_aus_rdup&s=newsletter&ed=2015-08-26&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1440595615 to view the full article online.

 
Robert Yaro, an internationally recognized leader in urban and regional planning, has joined the University of Texas at Austin School of Architecture faculty this fall as the Potter Rose Visiting Professor of Planning.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/08/high-profile-urban-planner-joins-ut-may-helpguide.html?ana=e_du_pub&s=article_du&ed=2015-08-27&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1440706511 to view the full article online.

 
Developers appear to be moving ahead with plans to build what would be Austin's tallest building — a 58-story condo tower dubbed "The Independent," with proposed costs and construction dates revealed in permit documents.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/08/jenga-style-downtown-austin-tower-reveals-cost.html?ana=e_du_wknd&s=article_du&ed=2015-08-29&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1441115261 to view the full article online.

 
National News
Investor demand for net-lease quick-service restaurant (QSR) properties is hotter than an order of McDonald’s French fries.

Visit http://nreionline.com/retail/net-lease-investors-hungry-quick-serve-restaurants to view the full article online.

 
Environmental Site Assessments are a standard component of the transactional due diligence process, but conducting a compliance audit during due diligence is the exception, not the rule.

Visit http://www.globest.com/blogs/buildingsciences/environmental_due_diligence/Value-of-Environmental-Compliance-Reports-361090-1.html?utm_medium=email&utm_source=Act-On+Software&utm_content=email&utm_campaign=S.%20Austin%20Office%20Flips%20After%20Getting%20M to view the full article online.

 
The new rules and millions of additional patients have pushed many doctors into larger practices, which are now moving into more off-campus properties.

Visit http://nreionline.com/medical-office/medical-office-properties-command-investor-attention to view the full article online.

 
Micro-housing is hot, as it fits with national trends toward more renters who rent for longer periods of time, and a lower supply of affordable housing across the country. Not surprisingly, major cities lacking in housing—for instance, New York, San Francisco, Los Angeles and Seattle—are rushing to build amenities-rich micro-units to attract the Millennial workforce.

Visit http://nreionline.com/multifamily/7-things-you-need-know-about-micro-housing-investment-0#slide-0-field_images-1788581 to view the full article online.

 
On Wednesday, officials revealed a sweeping $3 billion design from international "starchitect" Rafael Viñoly, working with Olin Landscape Architects, that has, as its defining element, the world’s largest green roof — a 30-acre elevated park that seems to dance off the tops of buildings, connecting them to each other and the ground.

Visit http://www.bizjournals.com/sacramento/news/2015/08/26/check-out-plans-for-this-crazy-silicon-valley.html to view the full article online.

 
To help busy professionals stay up-to-date with the latest trends in the commercial and residential sectors, we’ve compiled a list of 10 major trends driving construction.

Visit http://www.constructiondive.com/news/10-trends-defining-the-construction-industry/404564/ to view the full article online.

 
Events
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