RECA Weekly NewsWire

Real Estate Council of Austin®

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Top Stories
RECA's LDC Class and Christmas in October Committee raised more than $200,000 for Sammy's House.

Visit http://www.reca.org/blog/post/reca-bands-together-to-transform-sammys-house to view the full article online.

 
While global volatility will have both positive and negative effects on the U.S. economy, the country’s commercial real estate market stands to gain from upheaval abroad in the short to medium term.

Visit http://nreionline.com/investment/global-troubles-likely-prove-boon-us-real-estate-sector to view the full article online.

 
A new report from the Urban Land Institute’s (ULI) Greenprint Center for Building Performance shows that many of the world’s leading commercial real estate owners and managers are making significant progress in reducing energy consumption, carbon emissions and water usage in their buildings.

Visit http://uli.org/press-release/greenprint-center-volume-7/ to view the full article online.

 
RealMassive released its Retail CREcosystem report this month, based on conversations between top CRE professionals regarding the unprecedented changes facing retail today.

Visit https://www.bisnow.com/national/news/retail/modern-retail-a-hybrid-of-physical-digital-and-social-engagements-66461?be=aarnold%40naylor.com&utm_source=Newsletter&utm_medium=email&utm_campaign=wed-19-oct-2016-000000-0500_national-re to view the full article online.

 
After playing second fiddle to Dallas in last year’s survey, Austin came out on top this year — surprising some of the people involved in compiling the report.

Visit http://www.bizjournals.com/austin/news/2016/10/26/austin-tops-dallas-in-national-real-estate.html?ana=e_aus_bn_breakingnews&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1477502550&j=76253791 to view the full article online.

 
Local News
Seven Austin-area properties were included in the 2016 Conde Nast Traveler 2016 readers' choice awards published last week. They stretch from the Lost Pines outside Bastrop to the heart of downtown Austin.

Visit http://www.bizjournals.com/austin/news/2016/10/24/austin-area-hotels-and-resorts-stand-with-worlds.html?ana=e_ae_set1&s=article_du&ed=2016-10-24&u=QQstFqthh1Uzawg11yYSEw06e9dd6a&t=1477340078&j=76231641 to view the full article online.

 
While the first generation of home energy management devices got off to a rocky start, new functionality has turned smart thermostats into a boom industry with an annual value expected to top $2 billion by 2023.

Visit http://www.utilitydive.com/news/austin-texas-to-require-all-new-homes-to-have-smart-thermostats/428589/ to view the full article online.

 
Five of Houston’s largest multitenant office buildings have 10 percent or more of their leasable space on the sublease market at significantly discounted rates, according to data provided by Commercial Gateway.

Visit http://www.bizjournals.com/houston/news/2016/10/12/heres-what-sublease-space-costsat-houstons-13.html?ana=penton_bd to view the full article online.

 
CityCentre is a 50-acre development in Houston, that transformed a site formerly occupied by a failing shopping mall into a thriving mixed-use district.

Visit http://uli.org/wp-content/uploads/ULI-Documents/CityCentre.pdf to view the full article online.

 
National News
A new "Housing Developers Toolkit" released by the White House outlines a range of zoning and local policy changes that can spur development of affordable housing. Among them are the elimination of off-street parking requirements, which the paper states "generally impose an undue burden on housing development, particularly for transit-oriented or affordable housing."

Visit http://urbanland.uli.org/news/white-house-recognizes-need-creative-policies-facilitate-housing-growing-cities/ to view the full article online.

 
Also called "true triple-net leases" or more colloquially "hell or high water leases," they're the most extreme variation on triple-net leases, where a single tenant carries every imaginable real estate risk related to the property, in some cases even being obligated to rebuild the asset in the event of casualty. The leases can't be terminated and rent can't be abated under any circumstance. The idea is to make the rent absolutely net under all circumstances, equivalent to a bond.

Visit https://www.bisnow.com/houston/news/office/what-exactly-is-a-hell-or-high-water-lease-66671 to view the full article online.

 
The ownership and functionality of residential colleges vary by university, but these student housing complexes generally have student and faculty residents, academic spaces, libraries, classrooms, dining services, events and a clear connection to the larger university. Plus a residential college usually has its own crest, Latin mantra and lots of student pride.

Visit https://www.bisnow.com/austin-san-antonio/news/student-housing/will-student-housing-go-the-way-of-residential-colleges-66559 to view the full article online.

 
Events
December 14, 2016
11:15 am - 1:00 pm
Four Seasons Hotel

Visit http://recaonline.site-ym.com/events/EventDetails.aspx?id=866770 to view the full article online.

 
February 9, 2017
6:30 pm - 11:30 pm
JW Marriott

Tables will go on sale Thursday, December 1 — stay tuned for more information.

Interested in Boxing at KnockOut Night?
Join us at one of two upcoming open-call sessions to try out and get more information about becoming a RECA member boxer:

3:00 – 4:00 p.m. on Friday, November 4
4:00 – 5:00 p.m. on Monday, November 7
Location: Richard Lord’s Boxing Gym

Visit http://www.reca.org/public/uploads/files/events/KON2017-8Fighters-1Night.jpg to view the full article online.

 
RECA Real Estate Council of Austin®
98 San Jancinto Blvd. Suite 510 - Austin, Texas 78701
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