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Imagine Austin is a 343-page blueprint for the city’s future, shaped by input from thousands of Austin residents and unanimously adopted by the Austin City Council in 2012. The plan committed to move the city away from the unsustainable, sprawling land use patterns it had long relied on to absorb new residents. Unfortunately, Austin is steadily losing ground in its efforts to become a "beacon of sustainability, social equity and economic opportunity," as Imagine Austin envisioned.

Visit http://www.reca.org/blog/post/we-cant-lose-sight-of-imagine-austins-goals to view the full article online.

 
The Real Estate Council of Austin aims to deal a fatal blow to the $287 million Travis County courthouse bond proposal that will go before voters next month

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/10/real-estate-council-opposes-courthouse-bond.html?ana=e_aus_rdup&s=newsletter&ed=2015-10-23&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1445607536 to view the full article online.

 
There are plenty of stereotypes about millennials – Americans born between 1982 and 2000 – but there’s no arguing that, at more than a quarter of the population, they are a major focus for many industries. This is certainly true of real estate in Austin, and that idea dominated the Real Estate Council of Austin’s most recent Ideas Forum on Wednesday at the Four Seasons Hotel -

Visit http://www.austinmonitor.com/stories/2015/10/millennials-talk-future-austin-real-estate/ to view the full article online.

 
Financial due diligence in a commercial real estate purchase is a necessity, but equally important to purchasers and lenders is environmental due diligence. Many properties may have environmental issues from prior use, and purchasers of those properties may be on the hook for risk of loss should those issues materialize after closing.

Visit http://www.jdsupra.com/legalnews/changes-in-environmental-due-diligence-68632/ to view the full article online.

 
Central Health officials unveiled a proposal Monday that would transform the University Medical Center Brackenridge campus into a health-focused, mixed-use hub.

Visit http://www.bizjournals.com/austin/news/2015/10/27/hotel-shops-offices-to-replace-austins-general.html?ana=e_aus_rdup&s=newsletter&ed=2015-10-27&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1445955681 to view the full article online.

 
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Local News
Austin residents can weigh in on what types of development they want in their neighborhood starting Oct. 16.

Visit http://communityimpact.com/2015/10/15/city-invites-residents-to-walk-with-code-revisers/ to view the full article online.

 
The Marriott Residence Inn Austin-University Area hotel has been acquired by a Houston real estate investment trust.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/10/houston-reit-acquires-austin-hotel-property.html?ana=e_aus_rdup&s=newsletter&ed=2015-10-23&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1445607629 to view the full article online.

 
Endeavor wants the Domain to be much more than a big shopping center with nice amenities. SVP Jonathan Tate says every city ends up with a second "Downtown" when it gets big enough; he thinks we're getting that big, and Endeavor aims to make the Domain fill that slot.

Visit https://www.bisnow.com/austin-san-antonio/news/mixed-use/austins-second-downtown-51396?rt=title to view the full article online.

 
Austin’s been growing like wildfire for the last five to 10 years, and companies (especially in the tech industry) are starting to be drawn to its young, educated population and lifestyle. If you’re thinking of developing in the Live Music Capital of the World for the first time, panelists at Bisnow’s Austin State of Office event have some ideas you need to leave behind when you board the plane.

Visit https://www.bisnow.com/austin-san-antonio/news/office/thinking-of-entering-austin-dispel-these-misconceptions-first-51395?rt=title to view the full article online.

 
Planview, an Austin-based software company, is the first major tenant to sign on at Research Park V under construction at 12301 Research Blvd. in Northwest Austin.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/10/tech-company-takes-huge-lease-at-new-nw-austin.html?ana=e_du_pub&s=article_du&ed=2015-10-23&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1445867984 to view the full article online.

 
National News
Diversity in the architecture/engineering/construction industry is severely lacking, and the implications of that fact reach more than just moral questions, as they are holding back companies from higher profits, according to Joe Smetona, an associate at A/E/C advisory firm EFCG.

Visit http://www.constructiondive.com/news/can-focus-on-diversity-keep-construction-industry-from-a-sinking-bottom-lin/407657/ to view the full article online.

 
Coworking office space is taking the officing industry by storm. And most industry watchers agree that it’s not going away.

Visit http://www.globest.com/news/12_1224/atlanta/office/Why-the-Coworking-Movement-Isnt-Going-Away-362875-1.html?ET=globest:e47970:852195a:&st=email&s=&cmp=gst:National_AM_20151022:editorial to view the full article online.

 
Technology was the hot topic of the Construction Management Association of America's National Conference & Trade Show. Sessions about new innovations and tools, as well as the risks that come with them, dominated the show schedule.

Visit http://www.constructiondive.com/news/evolving-construction-technology-a-boon-for-business-or-a-liability/407190/ to view the full article online.

 
'Healthy buildings' make happy workers, they say. The pitch could make them a fortune, if their bet on wellness in real estate pans out.

Visit http://www.bloomberg.com/news/articles/2015-10-23/your-office-building-might-save-your-life 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