Top Stories
Since the release of the Zucker Report in 2014, there has been much debate around the causes of and solutions to some of Austin’s most pressing planning and development review challenges. Many of these challenges will likely be addressed in the code rewrite process over the next two years when the rewrite is expected to be completed. However, in the interim, there is a specific action the city can take without amending the code that will greatly impact the cost and quality of development in Austin: enforcing existing development review timelines.
Visit http://www.reca.org/blog/post/the-costs-of-regulatory-delay-in-austin to view the full article online.
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Local News
With competition heated across the board, the commercial real estate consultancy recommends that businesses looking for new quarters plan ahead by at least six months. Even with high-profile new developments like the Lincoln Property Company's 18-story, Class AA 5th + Colorado under construction, the level of demand and the need for improvements in many unoccupied spaces mean that an absolute minimum wait of three to four months is to be expected.
Visit http://www.digitaljournal.com/pr/2702769 to view the full article online.
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National News
Surprising though it may seem, real estate is poised to be one of the hottest sectors for mergers and acquisitions growth in the coming year. Due diligence activity in real estate during the first half of 2015 was up 57%, according to Intralinks’ Deal Flow Predictor which forecasts M&A activity six months into the future, the largest increase for any industry.
Visit http://www.forbes.com/sites/mattporzio/2015/10/12/the-real-estate-ma-boom/ to view the full article online.
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Events
Date: 10/17/2015 Time: 8:00 am - 12:00 pm Blackland Community Development Corporation 1902 East 22nd Street Austin, Texas 78722 Make a donation, contribute your talents and pool your resources with other RECA members to benefit the Blackland Community Development Corporation in our annual Christmas in October.
Visit http://www.reca.org/events/event/christmas-in-october-471172 to view the full article online.
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