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It’s been four years since the roadmap for CodeNEXT was laid out in Imagine Austin, and we’re still without a draft of the code. Today, the project is two years behind schedule, hundreds of thousands of dollars over budget and in jeopardy of collapsing under its own weight.

Visit http://www.mystatesman.com/news/news/opinion/tisdale-time-for-city-to-move-forward-with-codenex/nrgh6/ to view the full article online.

 
Eight organizations representing Austin real estate and business interests are demanding that the city get back on track with rewriting its land development code dubbed "CodeNext."

Visit http://www.bizjournals.com/austin/blog/real-estate/2016/06/real-estate-groups-demand-austins-codenext-process.html?ana=fbk to view the full article online.

 
The bond between commercial and residential real estate is growing as people choose urban centers and close-knit communities over suburbs.

Visit http://realestate.usnews.com/real-estate/articles/how-commercial-real-estate-is-changing-residential-housing/ to view the full article online.

 
When considering the adoption of new technology, most believe that the influx of CRE tech companies is revolutionizing the industry.

Visit http://www.forbes.com/sites/forbesinsights/2016/05/17/optimism-in-commercial-real-estate/#10ec0f26bbc3 to view the full article online.

 
Based on AAA’s standard for car ownership and operations of 58.1 cents per mile, the added distance Houstonians drive means roundtrip, they’re spending $1,376 more annually than someone with a shorter commute.

Visit http://www.houstonchronicle.com/news/transportation/article/Houston-high-on-sprawl-tax-ranking-for-commutes-7959917.php?t=0a9a2bce04438d9cbb&cmpid=twitter-premium&mc_cid=0afc2484d3&mc_eid=df4134b255 to view the full article online.

 
In a presidential election campaign dominated by differences between the two front-runners, there is one thing both former Secretary of State Hillary Clinton and businessman Donald Trump seem to agree on – making the country’s aging infrastructure a priority in their first 100 days in office.

Visit http://thehill.com/blogs/congress-blog/politics/282943-the-intersection-of-eisenhower-clinton-trump-infrastructure?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202016-06-13%20Construction%20Dive%20Newsletter%20%5Bissue:6215%5D&utm_term=Constru to view the full article online.

 
Local News
With a huge void left behind by Uber and Lyft's departure, other ride-hailing apps are taking advantage of the situation.

Visit http://www.techtimes.com/articles/158385/20160514/other-ride-hailing-apps-swoop-in-as-uber-and-lyft-leave-austin-texas.htm#sthash.N0zonGkj.dpuf to view the full article online.

 
The University of Texas at Austin has grabbed the first spot in the 2016 Top Public Universities ranking compiled by Niche; after considering factors such as value and overall quality of campus life, academics and athletics.

Visit http://www.universityherald.com/articles/30181/20160513/ut-university-of-texas-university-of-texas-at-austin-u-s-universities-niche-niche-com-university-ranking.htm to view the full article online.

 
By all accounts, Austin is booming. A mix of strong population growth and a healthy job market has created a city that has to grow up and out just to accommodate the people already living here.

Visit https://www.bisnow.com/austin-san-antonio/news/multifamily/austins-growth-is-creating-suburban-boomtowns-60967?be=aarnold%40naylor.com&utm_source=Newsletter&utm_medium=email&utm_campaign=wed-08-jun-2016-000000-0500_austinsan-antonio-re to view the full article online.

 
National News
The U.S. Federal Reserve may be forced to delay a rate hike at its June meeting because of mounting concern over the economic fallout from Britain’s vote on whether to leave the European Union.

Visit http://fortune.com/2016/06/03/fed-hike-interest-rates-june/?iid=leftrail to view the full article online.

 
The Office of the Comptroller of the Currency (OCC), which supervises large national banks, wants lenders to tighten up loan terms to property developers and it recently reissued its guidance on how banks should approach commercial real estate lending.

Visit http://fortune.com/2016/05/17/real-estate-bubble-occ/ to view the full article online.

 
With a valuation of more than $16 billion, WeWork’s incredible growth, alongside the emergence of at least 100 other growing coworking brands, proves just how popular shared and flexible office spaces have become. But as valuations climb and the headlines keep coming, we may be seeing the tip of the iceberg for an incredible wave of change coming to the commercial real estate industry.

Visit http://www.huffingtonpost.com/amol-sarva/digging-deeper-what-cowor_b_10150894.html to view the full article online.

 
How about giving staff something that will really fire them up, such as yoga and sound therapy or comedy nights and mind-blowing parties? Here are ten unusual benefits which really deliver...

Visit http://raconteur.net/business/the-top-10-perks-naps-yoga-and-sound-therapy to view the full article online.

 
RECA Real Estate Council of Austin®
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