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Real Estate Council of Austin®

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Hill Country Conservancy (HCC) is a land trust whose work plays a critical role in connecting the importance of preserving our local environment with the consistent growth and vitality of our local economy - one of the driving forces behind our region’s success. HCC has always been the catalyst of change, bringing warring factions together to accomplish a unified goal of conservation and preservation of our heritage and the beauty of Texas.

Visit http://www.reca.org/blog/post/reca-hcc-partnership-has-improved-the-community to view the full article online.

 
Austin is the only venture capital bright spot in Texas, according to a new report by Rice University’s Baker Institute for Public Policy.

Visit http://www.bizjournals.com/austin/blog/techflash/2016/03/austin-is-the-states-only-vc-hotspot-report-says.html?ana=e_du_pub&s=article_du&ed=2016-03-07&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1457386072&j=71178602 to view the full article online.

 
Austin, which ranked behind Denver — rated the top city in the country — and ahead of Fayetteville, Arkansas, had its highest marks in the areas of net migration and desirability, both factors tied to the region’s strong economy. Not surprisingly, its lowest marks were related to affordability and commuting.

Visit http://www.bizjournals.com/austin/news/2016/03/02/see-where-austin-lands-on-newranking-of-the.html?ana=e_aus_rdup&s=newsletter&ed=2016-03-02&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1456936479 to view the full article online.

 
Growth in the area’s technology industry is leading the charge as Apple, Google and other major technology firms make plans to increase staffing. Apple will complete construction on a new phase of its northwest Austin campus this year, expanding to 1.1 million square feet. It has pledged to create 3,600 positions during the next few years, nearly doubling its workforce in the region. The growth of these large tech companies is attracting startups and incubators to the area.

Visit http://www.globest.com/sites/lisabrown/2016/03/03/tech-sector-stimulates-office-space-demand/?kw=Tech%20Sector%20Stimulates%20Office%20Space%20Demand&cn=20160303&pt=Texas&src=EMC-Email&et=editorial&bu=REM&slreturn=20160203103237 to view the full article online.

 
Local News
Austin’s office lease activity plummeted 15.2%, according to Savills Studley’s Q4 2015 report. But it's not from softness in the market. The firm attributes the drop to the metro's rich bidding environment and rising costs of doing business. Preemptive strikes on space and a dramatic upturn in off-market deals show that while space is very limited, it's still in very high demand. Because of this, Austin landlords are extending leasing flexibility to only the most creditworthy tenants.

Visit https://www.bisnow.com/austin-san-antonio/news/commercial-real-estate/savills-studley-releases-latest-austin-report-sees-strong-resemblance-to-bay-area-56490 to view the full article online.

 
The redeveloped Seaholm Power Plant and the adjacent new development of office, retail and residential commons space are up for sale.

Visit http://www.bizjournals.com/austin/blog/real-estate/2016/03/seaholm-power-plant-is-up-for-sale-though-no-one.html?ana=e_aus_bn_exclusive&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1456936266 to view the full article online.

 
One of Austin’s newest residential high rises has reached a major construction milestone: topping out. The 22-story project at 8th & Nueces streets has reached its tallest height (about 235 feet), and construction is scheduled to complete later this year.

Visit http://buildingatx.com/2016/03/22-story-apartment-tower-tops-out-photos-renderings/ to view the full article online.

 
With the Port of Houston expanding, booming petrochemical developments, the Panama Canal doubling its capacity and the Eastern seaboard almost complete, deals are closing in the industrial segment.

Visit http://www.globest.com/sites/lisabrown/2016/03/03/houston-continues-to-boom-with-development/?kw=Houston%20Continues%20to%20Boom%20with%20Development&cn=20160303&pt=Texas&src=EMC-Email&et=editorial&bu=REM to view the full article online.

 
National News
"Branding does not end with getting a website or a name for your property. You need residents to connect emotionally and develop some type of allegiance to the property." And establishing that allegiance is what needs to renewals and eventually, rental increases.

Visit http://www.globest.com/sites/brianjrogal/2016/02/18/creating-a-powerful-brand-in-student-housing/?kw=Creating%20a%20Powerful%20Brand%20in%20Student%20Housing&cn=20160219&pt=Texas&src=EMC-Email&et=editorial&bu=REM to view the full article online.

 
Crowdfunding is still new and pretty rare in Texas, but the returns from one early adopter may make you take notice.

Visit https://www.bisnow.com/national/news/hotel/bisnow-exclusive-crowdfunded-hotel-gets-175-returns-in-first-year-56792 to view the full article online.

 
Declining retail sales and store closings have many pointing the blame at e-commerce, but some of the brick-and-mortar decline could come from a seldom-mentioned part of the retail experience.

Visit https://www.bisnow.com/national/news/retail/heres-the-one-reason-retailers-are-failing-that-no-one-is-talking-about-hint-its-not-e-commerce-56688 to view the full article online.

 
National reports indicate a lack of qualified construction workers, which is profoundly affecting developers and new projects, as well as residential homebuilders.

Visit http://www.globest.com/sites/lisabrown/2016/03/03/lack-of-quality-construction-labor-worries-industry/?kw=Lack%20of%20Quality%20Construction%20Labor%20Worries%20Industry&cn=20160303&pt=Texas&src=EMC-Email&et=editorial&bu=REM to view the full article online.

 
Mixed-use development has become more accepted even in suburban environments, featuring product types that include hotel, office, apartments, retail and more.

Visit http://www.globest.com/sites/carrierossenfeld/2016/03/01/mxd-has-evolved-into-its-next-generation/?kw=MXD%20Has%20Evolved%20Into%20its%20Next%20Generation&cn=20160301&pt=National&src=EMC-Email&et=editorial&bu=REM to view the full article online.

 
Events
Thursday, April 28
11:15 a.m. - 1:00 p.m.

Four Seasons Hotel
98 San Jacinto Blvd

Join us as we celebrate RECA's 25th anniversary with a panel discussion between the organization's founders

Visit http://recaonline.site-ym.com/events/EventDetails.aspx?id=780998 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