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As downtown Austin grows, once-sprawling parking lots are becoming a thing of the past. The latest example is a parking lot in downtown Austin owned by The New York-based Episcopal Church, which the church organization wants to turn into a mixed-use development.

Visit http://buildingatx.com/2015/10/development-plans-for-downtown-austin-block-87-lot/ to view the full article online.

 
In order to identify the cities that have expanded most rapidly in socioeconomic terms between 2008 and 2014, WalletHub compared 515 U.S. cities of varying sizes across 10 key metrics, ranging from population growth to unemployment rate decrease. The results of our study, as well as additional insight from experts and a detailed methodology, can be found below.

Visit https://wallethub.com/edu/fastest-growing-cities/7010/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202015-09-30%20Construction%20Dive%20Newsletter&utm_term=Construction%20Dive to view the full article online.

 
Life sciences startups see big value in clustering at a new business accelerator in Georgetown, north of Austin, to stake their claim in a global industry expected to be worth $445 billion by 2019.

Visit http://www.bizjournals.com/austin/print-edition/2015/09/04/how-georgetown-is-leading-the-regions-biotech.html?ana=e_du_pub&s=article_du&ed=2015-10-05&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1444141493 to view the full article online.

 
This new concrete, from Lafarge Tarmac, could potentially be a very useful tool in combating urban flash flooding from sudden, heavy storms—the type that are likely to become increasingly common because of climate change.

Visit http://www.citylab.com/design/2015/09/a-parking-lot-that-drinks-stormwater/407692/ to view the full article online.

 
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While some Texas cities such as Fort Worth and Houston are among the 153 metro areas in the U.S. that have seen a drop in construction jobs in the past year, Austin's construction industry has held its own.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/10/while-other-texas-cities-lose-construction-jobs.html?ana=e_aus_rdup&s=newsletter&ed=2015-10-01&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1443727712 to view the full article online.

 
During the past couple of months we’ve chronicled so many changes coming to downtown that it has made my head spin. So I took a deep breath, dug into our archives and bubbled up all the notable activity I could find for our rapidly maturing downtown. Here’s the big picture:

Visit http://www.bizjournals.com/austin/blog/at-the-watercooler/2012/10/47-ways-downtown-austin-is-changing.html?ana=e_aus_rdup&s=newsletter&ed=2015-10-01&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1443727856 to view the full article online.

 
"What we are trying to understand is what does Round Rock need to do to build a more robust and cohesive entrepreneur community? How do we help more minds get their idea from mind to market?"

Visit http://communityimpact.com/2015/09/30/round-rock-stakeholders-aim-to-create-entrepreneurial-culture/ to view the full article online.

 
Lennar Corp., the second largest homebuilder in the U.S., announced it is building Austin, TX's first "solar-standard community," where owners can either lease pre-installed solar panels for $50 a month or buy them outright for $15,000.

Visit http://www.constructiondive.com/news/lennar-to-build-1st-solar-standard-community-in-austin-tx/406556/ to view the full article online.

 
With big projects in the works by Facebook, State Farm and others, North Texas is seeing the biggest boom ever in data center construction.

Visit http://www.dallasnews.com/business/commercial-real-estate/headlines/20150929-d-fw-data-center-boom-still-lagging-demand.ece to view the full article online.

 
National News
A Canadian information technology firm estimates that nearly one-third of the world's commercial real estate industry is using archaic and error-prone spreadsheets to manage property portfolios potentially worth $11 trillion.

Visit http://www.kelownadailycourier.ca/business_news/national_business/article_058a425f-092a-5f47-999c-9e28afbc7e86.html to view the full article online.

 
Baltimore has 1,500 downtown apartment units either in development or recently leased—many of which are in converted historic buildings.

Visit https://www.bisnow.com/baltimore/news/commercial-real-estate/5-tips-for-doing-adaptive-reuse-right-50627 to view the full article online.

 
With real estate apps, the Internet of Things, a number of growing innovations and impressive technologies, the commercial real industry is evolving at a Usian Bolt pace. On the tech side of things, startups are disrupting the industry, earning big bucks from angel investors. Here are 12 top money-raising real estate tech startups.

Visit https://www.bisnow.com/national/news/tech/10-real-estate-tech-startups-you-need-to-be-paying-attention-to-50516?single-page to view the full article online.

 
Retailers need to beware of being Ubered, meaning that their traditional practices are about to be turned upside down and totally disrupted.

Visit http://www.globest.com/news/12_1207/national/retail/Ubering-Your-Retail-Business-362082-1.html?ET=globest:e47718:852195a:&st=email&s=&cmp=gst:National_AM_20150930:editorial to view the full article online.

 
The latest technology to emerge from a team of experienced roboticists, DOM Indoors is a robotic system that can reconfigure any room within minutes.

Visit http://techcrunch.com/2015/09/28/dom-indoors-tiny-robots-can-assemble-a-room-in-minutes/ to view the full article online.

 
Events
RECA: October Ideas Forum

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

The Four Seasons Hotel
98 San Jacinto Blvd.

Millennial Mindset: The Future of Commercial Real Estate 

The Central Texas built environment of the last two decades was driven largely by Baby Boomers and, more recently, GenXers. What does the next generation to drive commercial real estate development, the oft-mentioned Millennials, want to do as they assume positions of prominence? Has homeownership gone by the wayside? Will they develop with the car in mind or are they more willing to consider transit-oriented development? What is this generation looking for in an employer, and what do they offer employers that is unique? Or is this generation really all that different from others?
 
RECA Real Estate Council of Austin®
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