RECA Weekly NewsWire

Real Estate Council of Austin®

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City council members may soon make a decision on whether or not to put a $400 million bond on the November 2016 ballot that would fund a convention center expansion.

Visit http://buildingatx.com/2015/11/will-council-say-yes-to-a-convention-center-expansion/ to view the full article online.

 
A new 7-story apartment complex is under construction on a prime waterfront site downtown. CWS Capital Partners started construction last year on a new 264-unit residential complex at 300 E. Riverside Drive, located on Lady Bird Lake and adjacent to East Bouldin Creek.

Visit http://buildingatx.com/2015/11/7-story-residential-development-rises-on-prime-waterfront-site-photos/ to view the full article online.

 
Could the Austin-San Antonio corridor one day become a megaregion like Dallas-Fort Worth? That's the rough takeaway of a LawnStarter analysis of Texas Water Development Board projections for growth in the two cities – and the lands in-between – by 2030.

Visit http://www.bizjournals.com/austin/news/2015/11/11/austin-san-antonio-corridor-population-growth.html?ana=e_aus_rdup&s=newsletter&ed=2015-11-12&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1447339441 to view the full article online.

 
As commercial real estate firms step up their use of technology, they are as vulnerable as anyone to cyber attack. Yet many are unaware of the threat. Fortunately, accounting firms are here to offer protection, or at least awareness.

Visit https://commercialobserver.com/2015/11/bricks-and-mortar-wont-shield-landlords-from-cyber-attacks/ to view the full article online.

 
Naylor Association Solutions
Local News
Roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years, and Texas has been a prime beneficiary of the Golden State’s "hostile" business environment.

Visit http://www.bizjournals.com/austin/blog/morning_call/2015/11/california-lost-9-000-business-hqs-and-expansions.html?ana=e_du_wknd&s=article_du&ed=2015-11-14&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1447687054 to view the full article online.

 
The Austin area’s multifamily allure is attracting national attention and numerous investors, but could the high volume of new construction scare some away?

Visit https://www.bisnow.com/austin-san-antonio/news/multifamily/headline-coming-51991?rt=title_alt_1 to view the full article online.

 
Recently, ULI’s Emerging Trends report ranked Dallas-Fort Worth as the nation’s top real estate market for 2016. That’s not a surprise, given our strong economy. What did surprise me, though, is that retail is still lagging. Although I get this for other markets around the country, our growth trajectory in North Texas suggests we should be seeing more new development.

Visit http://realestate.dmagazine.com/2015/11/walt-bialas-the-retail-real-estate-wild-card/ to view the full article online.

 
The University of Texas System announced Nov. 5 that its board of regents approved the purchase of more than 300 acres in Southwest Houston. That land could be the catalyst for future development in the region, experts said.

Visit http://www.bizjournals.com/austin/blog/real-estate/2015/11/sneak-peak-at-uts-massive-plan-for-houston-biggest.html?ana=e_du_pub&s=article_du&ed=2015-11-16&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1447709553 to view the full article online.

 
National News
The healthcare real estate market is very healthy and it seems to have incrementally improved every year since the economic downturn. Performance at the asset-level has been stable, a characteristic of the sector through economic cycles, and is exhibiting better than inflationary growth. The investment market continues to be defined by more capital, especially from institutional sources such as pension funds, endowments, etc., than investment opportunities, thereby compressing yields and increasing values.

Visit http://www.globest.com/news/12_1238/miami/medical_office/How-Healthcare-Commercial-Real-Estate-is-Evolving-363477-1.html to view the full article online.

 
A new report finds combining solar and storage at affordable housing projects can pay for itself if the conditions are right

Visit http://www.utilitydive.com/news/coming-soon-to-affordable-housing-solar-plus-storage/408629/ to view the full article online.

 
One of the biggest challenges in reversing homelessness is finding the types of jobs that will help people return to self-sufficiency. A DC-area real estate executive may have found an answer.

Visit https://www.bisnow.com/washington-dc/news/association/the-answer-to-homelessness-52214?rt=title_alt_1 to view the full article online.

 
"We want to redefine the way people think about leases," Jack says. Ditchthespace.com has landed 25,000 listings to date, mostly through word-of-mouth, he tells us.

Visit https://www.bisnow.com/new-york/news/commercial-real-estate/exclusive-this-platform-lets-you-out-of-your-lease-early-and-guess-whos-behind-it-52211 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