RECA Weekly NewsWire

Real Estate Council of Austin®

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One of the primary ways commercial real estate brokerages differentiate their business and tout expertise is through in-depth data reports. More brokerages have been upping their research game in Austin and now there's new competition — the Real Estate Council of Austin.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/10/reca-launches-new-commercial-real-estate-report.html?ana=e_aus_real&s=newsletter&ed=2015-10-22&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1445527729 to view the full article online.

 
The 10 most popular ideas from MobilityATX, in order of popularity based on upvotes are shown here as worded on the platform:

Visit http://buildingatx.com/2015/10/mobility-atx-releases-final-report/ to view the full article online.

 
What’s the latest in construction and (re)development projects along South Lamar Blvd. in the 78704?

Visit http://buildingatx.com/2015/10/south-lamar-construction-update-october-2015-photos/ to view the full article online.

 
Fort Lauderdale, Florida, Miami, Austin, Texas, Los Angeles and San Jose, California, notched spots on Auction.com’s list of top buy markets thanks to growing rents and low vacancy projections.

Visit http://www.globest.com/news/12_1220/orangecounty/multifamily/Retail-Markets-in-Florida-California-and-Texas-Showing-Strength-362687-1.html?ET=globest:e47910:852195a:&st=email&s=&cmp=gst:National_AM_20151019:editorial to view the full article online.

 
Advocacy
There are certain clauses that a commercial tenant should look into before entering into a commercial lease. When reviewing a lease agreement, the tenant’s goal should be to protect themselves, keep terms flexible and save costs as much as they can.

Visit http://www.postcrescent.com/story/money/2015/10/18/tips-commercial-tenants/73922992/ to view the full article online.

 
United Heritage Credit Union
Naylor Association Solutions
Local News
An Australian investment company is gung-ho on Austin — with plans to spend up to $100 million in the local housing market, according to its broker.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/10/australian-investor-plans-west-austin-condo.html?ana=e_aus_bn_newsalert&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1444836164 to view the full article online.

 
Bartlett Cocke General Contractors earned top honors for "green" construction from the Engineering News-Record, the construction industry trade publication.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/10/austin-company-wins-enrs-top-honor-for-green.html to view the full article online.

 
Unlike landowners who don’t own the crude oil beneath their property, however, those who don't own their groundwater have no explicit protection from unfettered development under state law.

That could change, with the Texas Supreme Court set to consider an appeal from a South Plains cattle and gaming ranch that sued the city of Lubbock for trying to expand an existing water well field on the 26,600-acre ranch. Throughout the case, lawyers for Coyote Lake Ranch have argued that a well-established provision in oil and gas law known as the "accommodation doctrine" should also apply to "severed" groundwater.

Visit http://www.texastribune.org/2015/10/14/high-court-poised-clarify-groundwater-query/ to view the full article online.

 
With its population growth and vibrant economy, plenty of national and regional retailers have their eye on Austin, but in many cases they’re finding there’s not much room available to enter the market, local real estate veterans say.

Visit http://www.mystatesman.com/news/business/after-lull-central-texas-retail-pipeline-heating-b/nn3yw/ to view the full article online.

 
National News
Optimizing value in almost any type of investment requires a systematic approach to both acquiring the asset and then determining the best way to realize the value without compromising the asset’s long-term worth.

Visit http://www.globest.com/news/12_1217/national/multifamily/Optimize-Hidden-Values-of-Existing-MF-Properties-362549-1.html?ET=globest:e47869:852195a:&st=email&s=&cmp=gst:National_AM_20151014:editorial to view the full article online.

 
To be sure, the health-care space is a little different both from a landlord and tenant perspective. For example, when negotiating a renewal Norris takes the extra trouble to educate his clients on their value as an existing tenant to the landlord. Oftentimes physicians are unaware they have this bit of leverage, he says.

Visit http://www.globest.com/news/12_1217/national/medical_office/How-This-Healthcare-Tenant-Rep-Shaves-30-Off-Real-Estate-Costs-362574-1.html?ET=globest%3Ae47869%3A852195a%3A&st=email&s=&cmp=gst%3ANational_AM_20151014%3Aeditorial to view the full article online.

 
Updating office product is all the rage in an age where land is scarce and expensive. But before following the crowd and paying to develop creative space, consider whether it pays in the long run.

Visit http://www.globest.com/news/12_1217/sandiego/office/What-to-Know-About-Updating-Office-Assets-362536-1.html?ET=globest:e47869:852195a:&st=email&s=&cmp=gst:National_AM_20151014:editorial to view the full article online.

 
Builders are facing delays and rising costs as they struggle to find enough construction workers.
That’s partly a function of the housing boom and bust, which helped push industry-wide employment above 7.7 million in 2006, only to watch it come crashing down by nearly 2.3 million over the next five years. While builders are used to ups and downs, the most recent bust was extreme in magnitude and duration.

Visit http://blogs.wsj.com/economics/2015/10/13/construction-workers-left-the-business-and-they-didnt-come-back/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202015-10-14%20Construction%20Dive%20Newsletter&utm_term=Construction%20Dive to view the full article online.

 
Events
Tuesday, November 17
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=688297 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