RECA Weekly NewsWire

Real Estate Council of Austin®

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As a third-party property manager, it’s imperative to keep your eyes on a building owner’s bottom line. Julie Brawn-Whitesides, who was just tapped by The ConAm Group to expand its 50,000-unit multifamily portfolio, shares some of her best practices.

Visit https://www.bisnow.com/national/news/property-management/four-ways-to-unlock-savings-in-your-multifamily-portfolio-49434 to view the full article online.

 
Chicago-based AMLI Residential (NYSE: AML) will build 318 units near the Aldrich Street town center. Charleston, South Carolina-based Greystar will build 201 units nearby for the active adult, 55-plus market.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/09/hundreds-more-apartments-set-for-burgeoning.html?ana=e_aus_bn_newsalert&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1441221494 to view the full article online.

 
More hotel rooms are on the way for downtown Austin. On August 24, White Lodging Corp. broke ground on a 32-story hotel tower at Congress Avenue and East Seventh Street that will include two hotel brands, Aloft Austin Downtown and Element Austin Downtown.

Visit http://buildingatx.com/2015/09/dual-hotel-tower-breaks-ground-downtown/ to view the full article online.

 
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Local News
It might be one of the best-kept secrets of Austin’s technology sector: Apple Inc., the world’s largest consumer electronics company, is in the middle of explosive growth here in Central Texas.

Visit http://www.mystatesman.com/news/technology/in-austin-apple-quietly-booming-transforming-tech-/nnYST/ to view the full article online.

 
Population growth, debt and equity, international investment, rent growth: Speakers at Bisnow’s Austin Multifamily Boom event last week laid out numerous ways Austin is beating the rest of the US.

Visit https://www.bisnow.com/austin-san-antonio/news/multifamily/austin-one-of-the-very-hottest-multifamily-markets-in-the-us-49544 to view the full article online.

 
A Dubai-based global investor is sinking its financial teeth into Aspen Heights, an Austin-based development company that up until now has been mostly involved in student housing

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/09/dubai-investors-invest-millions-in-austin-company.html?ana=e_aus_real&s=newsletter&ed=2015-09-03&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1441295823 to view the full article online.

 
National News
Whether tapping traditional funding sources or conducting online crowdfunding rounds, founders face a huge challenge when raising capital. Even highly active growth investors are hard to reach and harder to close.

Visit http://www.entrepreneur.com/article/248469 to view the full article online.

 
Currently, minorities make up almost half of all Millennials, and Latinos account for nearly 25 percent of this extremely influential group. With the Hispanic population growing at an exponential pace, the question for the commercial real estate industry is simple: "How can you have a Millennial strategy without asking yourself ‘What about Latinos?’"

Visit http://nreionline.com/leasing/what-your-millennial-strategy-missing to view the full article online.

 
Under today’s post-recession banking regulations, real estate development may become less profitable and real estate development loans more expensive. To offset potential losses from failed construction loans, regulated institutions are now required to set aside increased capital for High Volatility Commercial Real Estate (HVCRE) loans—those made to finance the acquisition, development or construction of real estate.

Visit http://nreionline.com/finance-investment/five-words-developers-dread-high-volatility-commercial-real-estate to view the full article online.

 
"What you've seen over the last several years has been more of an urbanization of student housing, where more institutional players are coming in and developing these higher-end, more urban-style properties to cater to the needs of today's college students," said Wesley Rogers, CEO of Landmark Properties.

Visit http://www.cnbc.com/2015/09/03/tricked-out-student-housing-equals-big-developer-profits.html to view the full article online.

 
A catch phrase in recent decades was "sick building syndrome". Now, a growing body of evidence indicates that buildings actually make you healthier. With tenants, shoppers, home buyers and other building users seeking out healthy lifestyles, the real estate industry is beginning to embrace the idea. And building healthy can bring healthy financial returns too.

Visit http://www.globest.com/news/12_1190/sanfrancisco/development/Designing-with-Healthier-Occupants-in-Mind-361366-1.html?ET=globest:e47467:852195a:&st=email&s=&cmp=gst:National_AM_20150904:editorial 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.

 
Wednesday, October 14, 2015
11:15 am - 1:00 pm

The Four Seasons Hotel
98 San Jacinto Blvd.

Visit http://www.reca.org/events/event/october-ideas-forum-677331 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