New Immigration Policies Keep Texas Builders Up At Night
February 22, 2017

New Immigration Policies Keep Texas Builders Up At Night

Timothy Cone, NRP Group's vice president of development, woke in the dead of night to a terrifying thought. The nightmare? "The crackdown in immigration ... is a meaningful threat to our business," Cone said. He walked through the dark silence of his home to his computer and emailed his team, instructing them to sign all construction contracts as soon as possible.

How the White House's new policies would affect construction costs was a major topic of conversation at Bisnow's Annual San Antonio Multifamily Expansion Forum yesterday.  A study by the University of Texas estimated that half of Texas construction workers are…

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Tech Causes Evolution, Not Revolution, In Multifamily

PRESENTED BY:   Sponsored by Google Fiber
 

Although people are living online to a greater extent nowadays, they still need a place to sleep, entertain, eat and play. This means multifamily is better insulated from tech-triggered demand shocks like the one that has impacted retail. (One tech trend…

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Austin Multifamily Approaching ‘Needed Pause' In Deliveries

In 2016, positive rent growth prevailed, despite a decelerated pace compared to 2015. For the first time since 2014, national rent growth dipped below 4% to stand at 3.8% annually. Regionally, Austin's annual rent growth for 2016 was 3.6%. Despite chatter…

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California Investor Snaps Up 7-Building Industrial Portfolio In Austin, Hints At More Acquisitions

California-based St. Clair Commercial Realty purchased seven industrial/flex buildings on Techni Center Drive near US-183. The portfolio (above, one property) totaling 211k SF will be rebranded as Techni Center Business Park and undergo interior and exterior renovations.  SCCR is bullish…

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NAREIT Economists Don't Share The Fed's Concerns About Rising Commercial Property Values

The Federal Reserve is keeping a close eye on the expansion of gross domestic product, rising inflation and fiscal stimulus to determine when the next rate increase should take place, but commercial real estate is causing central bankers particular concern.  

In its semi-annual Monetary Policy Report to Congress, the Fed said rising valuations have been a concern for the past year, “with property prices continuing to climb and capitalization rates decreasing to historically low levels.”

Click here to read the full story.

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LiquidSpace's Newest Service Reinvents Office Design

LiquidSpace's latest innovation could change the future of tenant improvements.

LiquidSpace, a platform for leasing out flex space, expanded its platform today to include flexible workplace designs for companies with 10 to 200 employees. The altSpace program allows tenants to curate a new office with LiquidSpace-approved landlords and partner spaces.

Click here to read the full story. 

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The 7 Things You Need To Know About Real Estate's Most Exclusive Membership

Do you belong at Ascent?

Ascent is a curated membership that gathers the nation's top commercial real estate principals; building bonds through shared experience and provocative discussion.

It is an invite-only membership, focused on deal-making and relationship building. The goal is to connect and inspire the next generation of leaders in commercial real estate under the age of 45(ish). Ascent organizes a biannual East and West Coast 2.5-day gathering of 200 national players, and hosts 50+ local cocktails, dinners, and unique experiential events across the country that help connect our members to people in their local markets. 

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Whataburger invented the five-inch hamburger bun because they wanted a burger so big, customers had to hold it with two hands. Send Austin news to julia.bunch@bisnow.com and San Antonio news to kyle.hagerty@bisnow.com