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The results of Saturday’s Proposition 1 election regarding TNCs was disappointing but the voters have spoken. Unless our community can embrace new, innovative solutions, our city will remain mired in many of the issues we’re facing as a rapidly expanding metro. RECA is hopeful that in the weeks and months ahead, TNCs and the City can work out a solution that will bring this much needed service back. The fact is, Uber and Lyft were working just fine until city council added additional regulations to TNCs, including fingerprinting.

Visit http://www.reca.org/blog/post/leaders-should-support-innovative-solutions-to-communitys-issues to view the full article online.

 
The public infrastructure and private mixed-use partnership behind the Long Beach Civic Center provides a unique development model for cities worried about their balance sheet.

Visit http://www.globest.com/sites/kelsimareeborland/2016/04/28/why-more-cities-are-looking-at-p3-partnerships/?kw=Why%20More%20Cities%20Are%20Looking%20at%20P3%20Partnerships&cn=20160428&pt=National&src=EMC-Email&et=editorial&bu=REM&slreturn=20160328104937 to view the full article online.

 
Newly completed research shows that when brokers cooperate, sellers achieve higher prices. While this has been an article of faith on the residential side of the business, proof of this concept has been lacking on the commercial side. A recent survey of more than 15,000 commercial transactions over a 10-year period valued from $2.5 to $20 million and spanning 10 states established that cooperatively sold properties achieved an arithmetic average price per square foot that was 9.6 percent higher than that of properties sold with only a single brokerage firm involved in the transaction.

Visit http://nreionline.com/finance-investment/when-brokers-cooperate-sellers-net-more?NL=NREI-21&Issue=NREI-21_20160428_NREI-21_908&sfvc4enews=42&cl=article_1_b&utm_rid=CPG09000007870129&utm_campaign=5823&utm_medium=email&elq2=3bdb3edb663d4e788a3eb9c9ec1f5251 to view the full article online.

 
As service providers position themselves closer to their communities, they are looking for ways to redirect non-core buildings and land for other purposes.

Visit http://www.bdcnetwork.com/symposium-new-jersey-examines-how-consolidating-healthcare-industry-can-better-manage-its-excess?eid=328250481&bid=1388427 to view the full article online.

 
One of the trends to stem from a tightened industrial market is the rise of the class-B product, especially in light of heightened demand and limited construction of class-A properties this year.

Visit http://nreionline.com/industrial/17-top-performing-industrial-markets?NL=NREI-21&Issue=NREI-21_20160503_NREI-21_793&sfvc4enews=42&cl=article_1_b&utm_rid=CPG09000007870129&utm_campaign=5858&utm_medium=email&elq2=5100973007ef41839cba81fa726efae9#slide-0-fie to view the full article online.

 
Local News
East Austin continues to see a wide range of developments, particularly in the area of the airport, creating a need to address Austin’s already troubling traffic problems. As of earlier this month, a huge project to alleviate some of those traffic issues is now underway as the 183 South Project broke ground.

Visit http://buildingatx.com/2016/04/need-an-i-35-alternative-183-south-project-coming-in-2019/ to view the full article online.

 
The rapidly gentrifying East Riverside Drive corridor presents tenants and homebuyers with a plethora of new housing options but the neighborhood has a significant drawback. There isn't nearly enough retail to serve the mushrooming population.

Visit http://www.bizjournals.com/austin/blog/real-estate/2016/05/austins-booming-riverside-drive-comes-up-short-on.html?ana=e_aus_rdup&s=newsletter&ed=2016-05-04&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1462368838&j=72911372 to view the full article online.

 
Texas has become one of the country’s leading destinations for data centers, propelled by robust economic growth in recent years, a business-friendly tax climate, abundant sources of water and dependable electricity.

Visit http://www.nytimes.com/2016/04/27/realestate/commercial/texas-lures-data-centers-not-for-jobs-but-for-revenue.html?partner=rss&emc=rss&_r=0 to view the full article online.

 
National News
In this article originally published by Archipreneur as "Space as a Service: Business Models that Change How We Live and Work," Lidija Grozdanic looks into the recent proliferation of coworking services - as well as the new kid on the block, coliving - to discuss how the sharing economy is redefining physical space as a highly lucrative part of the service industry.

Visit http://www.archdaily.com/785550/how-coworking-and-coliving-are-redefining-space-as-a-service?utm_source=ArchDaily+List&utm_campaign=46701c42c7-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_b5a382da72-46701c42c7-411272437 to view the full article online.

 
Arup served as a lead advisor and oversaw financial, commercial, real estate, design, engineering, and cost consulting.

Visit http://www.bdcnetwork.com/LongBeachPPP?eid=328250481&bid=1385878 to view the full article online.

 
San Francisco builders of all commercial or residential structures with 10 or fewer stories must now include solar panels, CIO reported.

Visit http://www.constructiondive.com/news/san-francisco-passes-mandatory-solar-ordinance-for-new-buildings/417835/ to view the full article online.

 
The Arts & Culture Bureau YouTube channel offers architectural documentaries about structures and works that span thousands of years and dozens of locations

Visit http://www.bdcnetwork.com/you-can-watch-over-50-architectural-documentaries-youtube-free?eid=328250481&bid=1383679 to view the full article online.

 
The closing of big-box stores like Macy’s, JCPenney and Sears has created the opportunity to push out beyond the walls and create multi-use environments.

Visit http://www.globest.com/sites/carrierossenfeld/2016/05/02/beyond-the-mall-what-happens-when-big-boxes-close/?kw=Beyond%20the%20Mall:%20What%20Happens%20When%20Big%20Boxes%20Close&cn=20160502&pt=National&src=EMC-Email&et=editorial&bu=REM to view the full article online.

 
RECA Real Estate Council of Austin®
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