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In part 1 of this two-part blog series, I discussed how an automation-led transition awaits the automotive experience and the ways our "driver" society is going to transform into a "captain" society over the next several years. In part 2 of the series, I’ll discuss the new ways we should look at data-driven insights and how Austin can truly become a ‘Smart City.’

Visit http://www.reca.org/blog/post/pt.-2-tapping-your-inner-futurist-the-future-of-transportation1 to view the full article online.

 
The Federal Reserve is again warning that commercial real estate prices may have, "run up too far too fast," reports Bloomberg. Valuations in commercial real estate, "appear increasingly vulnerable to negative shocks," Bloomberg goes on to say.

Visit http://www.thebaynet.com/news/the-most-important-lessons-an-investor-can-learn.html to view the full article online.

 
The agency has escalated its oversight of commercial real estate risk from ordinary monitoring to "additional emphasis." It also flagged risks in commercial and industrial loans, and said concerns remain about indirect auto lending and leveraged lending, which are both issues the OCC has flagged in the past.

Visit http://finance.yahoo.com/news/u-bank-regulator-toughens-commercial-184354417.html to view the full article online.

 
Local News
In June, the social media giant and its general contractor filed permits with the city of Austin detailing the 23,000-square-foot project named "Facebook food services." The project would be on the ninth floor of 300 W. Sixth St. and serve as a "dining area" for Facebook (Nasdaq: FB) employees working on the three floors directly above the area, according to a permit with the city’s Planning Development Review Department.

Visit http://www.bizjournals.com/austin/news/2016/07/06/facebook-to-build-4-8m-cafeteria-in-downtown.html?ana=e_aus_rdup&s=newsletter&ed=2016-07-07&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1467899482&j=74653382 to view the full article online.

 
Aerial shots show the first artificial waves breaking at NLand Surf Park in Austin, TX

Visit http://www.surfline.com/surf-news/aerial-shots-show-the-first-artificial-waves-breaking-at-nland-surf-park-in-austin-tx-first-look-texas-wave-pa_139716/ to view the full article online.

 
The city’s Office of Digital Inclusion aims to give all residents access to digital and communications technology, and make sure they understand technology and its relevancy to their daily lives.

Visit http://www.govtech.com/network/Austin-Texas-A-Model-for-Cities-Working-To-Narrow-the-Broadband-Gap.html to view the full article online.

 
National News
A new report by Transwestern, a privately held real estate firm, makes a case that investing in infrastructure can also be beneficial to surrounding commercial real estate. Called "Cranes and Lanes," the report identifies major infrastructure projects in nine markets, and describes how the projects are impacting—or are likely to impact—the larger built environment.

Visit http://www.bdcnetwork.com/new-report-links-infrastructure-investment-commercial-real-estate-expansion?eid=328250481&bid=1459286 to view the full article online.

 
For most of the public, landfills are simply places to toss trash and anything else they no longer want or need. However, for some developers, there's a way to transform those properties into new communities and in-demand spaces.

Visit http://www.constructiondive.com/news/landfill-of-opportunity-why-builders-are-turning-dumps-into-new-developm/421988/ to view the full article online.

 
As more professionals opt to telecommute, co-working spaces are gaining more traction than ever before. Startups such as WeWork and LiquidSpace helped popularize the movement toward communal workplaces and have rapidly expanded their footprint in major tech and creative havens such as San Francisco, New York, and Los Angeles. Patrons praise the community spirit these spaces foster—and the increased autonomy it affords workers not too keen on following rigid standards of corporate behavior.

Visit http://www.interiordesign.net/articles/12071-yves-behar-introduces-forward-thinking-co-working-space-canopy/?utm_source=7mustreads&utm_medium=email&utm_campaign=2016-07-11-7mustreads to view the full article online.

 
Portland — Oregon’s largest city, with over 600,000 residents — has been evolving with an artistic bent over the last decade. One east-side project, though, stands out as embodying Portland’s knack for keeping things weird, even as it gentrifies: the building known as Fair-Haired Dumbbell.

Visit http://www.nytimes.com/2016/07/13/realestate/commercial/a-portland-project-keeps-it-funky-with-design-and-funding.html?partner=rss&emc=rss&_r=0 to view the full article online.

 
Events
Date: 8/9/2016
Time: 7:30 am - 1:00 pm

JW Marriott
110 E 2nd Street

Keynote Breakfast + Breakout Sessions + Economic Forecast Lunch

RECA Exchange is our half-day event that brings together hundreds of Austin’s
commercial real estate professionals to network and learn about hot topic issues.
We have expanded programming in 2016 to include additional educational
breakout sessions with plenty of room for attendees.

Visit http://www.reca.org/public/uploads/files/events/2016_Exchange_Flyer.pdf 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