RECA Weekly NewsWire

Real Estate Council of Austin®

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Top Stories
It came down to the wire, but Travis County voters turned down the county’s plan for a new civil courthouse. Now it’s time for taxpayers and local politicians alike to understand what that vote really means and how we can move forward.

Visit http://www.reca.org/blog/post/lets-move-forward-with-good-courthouse-plans to view the full article online.

 
The $287 million bond seemed like it was going to pass as votes were tallied on Nov. 3, but in the end it lost by approximately 1,000 votes out of about 73,000 votes.

Visit http://buildingatx.com/2015/11/travis-county-voters-narrowly-reject-courthouse-bond/ to view the full article online.

 
The lure of the potential for big earnings — the median commercial real estate agent earns $92,000 yearly, according to a 2014 survey by the National Association of Realtors — and being their own boss and other factors have started to lure young people and more experienced business people into the real estate business.

Visit http://www.crainscleveland.com/article/20151031/NEWS/151039976/young-professionals-are-at-last-breaking-into-the-brokerage-business to view the full article online.

 
There’s a new kid on the exceedingly popular Riverside block: Austin-based developer Oden Hughes just broke ground on the Lenox Boardwalk community at the southwest corner of Pleasant Valley and Elmont Drive.

Visit http://buildingatx.com/2015/11/east-riverside-corridor-plan-finally-sees-affordable-housing-added-to-luxury-apartments/ to view the full article online.

 
Advocacy
Texas voters stepped up Tuesday to approve all seven statewide ballot propositions, but none more important than voting themselves a long-overdue increase in their homestead exemption from school district taxes and approving a dedicated stream of new dollars for the state’s roads.

Visit http://www.dallasnews.com/opinion/editorials/20151103-editorial-props-1-and-7-pass-but-funding-challenges-remain.ece to view the full article online.

 
Naylor Association Solutions
Local News
Austinities and truckers who regularly travel I-35 through downtown Austin have the dubious honor of navigating the worst road in Texas, in terms of traffic.

I-35 between State Highway 71 (Ben White Boulevard south of downtown) and U.S. Highway 290 (north of downtown near the old Highland Mall) is identified as the No. 1 traffic offender on a state list of 100 clogged roads.

Visit http://www.bizjournals.com/austin/news/2015/11/05/austin-has-the-mostcongested-road-in-texas.html?ana=e_aus_rdup&s=newsletter&ed=2015-11-05&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1446734389 to view the full article online.

 
Several Central Texas municipalities fare better than others on WalletHub’s latest list of the " Best and Worst Small Cities in America."

Visit http://www.bizjournals.com/austin/blog/at-the-watercooler/2015/11/in-ranking-of-central-texas-small-cities-one-town.html?ana=e_aus_rdup&s=newsletter&ed=2015-11-05&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1446734610 to view the full article online.

 
Whellan said he aims to develop a long-term plan for Austin Oaks that works for both the developer and the surrounding community.

Visit http://communityimpact.com/2015/11/04/austin-oaks-charrette-set-for-january/ to view the full article online.

 
"From the locally-sourced art to the sweeping views of downtown Austin, SEVEN is a reflection of Austin’s vibrancy and individuality and we look forward to helping shape this ever-evolving city."

Visit http://www.globest.com/news/12_1235/austin/multifamily/Monogram-Opens-SEVEN-in-Downtown-Austin-363347-1.html to view the full article online.

 
Austin’s new Central Library is now approximately one year out from opening its doors, and the outline of the new library’s six floors is taking shape on West Cesar Chavez Street.

Visit http://buildingatx.com/2015/11/central-library-update/ to view the full article online.

 
National News
A number of factors have driven real estate sustainability into the mainstream, but the greatest influence, whether in the initial design phase or via retrofit, are tenant expectations.

Visit http://nreionline.com/finance-investment/sustainability-new-norm-real-estate-development-and-investing to view the full article online.

 
In a new model of living, residents will have their own "microunits" built around a shared living space for cooking, eating and hanging out.

Visit http://www.theatlantic.com/business/archive/2015/11/coliving/414531/ to view the full article online.

 
After launching just two years ago in partnership with The Guardian Life Insurance Company of America, TruAmerica already ranks among the top 10 apartment buyers nationwide and top 15 globally. The company focuses on buying and operating middle-market, Class-B properties, which puts it in a strong position in submarkets where a lot of people can best afford to rent over buying. And it's paying off, with returns for investors and living improvements for residents.

Visit https://www.bisnow.com/national/news/multifamily/exclusive-qa-truamericas-bob-hart-on-new-markets-future-plans-52118?rt=title_alt_1 to view the full article online.

 
Events
Tuesday, December 15
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=696699 to view the full article online.

 
Thursday, February 4, 2016
6:30 pm - 11:30 pm

JW Marriott
110 E. Second Street

RECA’s signature event, the shindig to end all shindigs, the one that started it all...KNOCKOUT NIGHT! This black-tie, fundraising gala is complete with a cocktail reception and dinner, casino gaming, entertainment and more! Sponsoring this event is a wonderful outreach opportunity to position you and your company to existing and potential customers and contacts. Proceeds from this event fund RECA's continued operations as the leading voice for commercial real estate.

Visit http://www.reca.org/events/event/knockout-night-471224 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