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Year in Review
As 2018 has come to a close, Building Owners and Managers Association Austin gives heartfelt best wishes to our members, partners, and other publishing industry professionals a bright look into the new year. As we continue to reflect on the past year, we would like to provide the readers of BOMA Blurb E-News a continued look at the next set of most popular articles from 2018. Our regular publication will resume Wednesday, Jan. 9.
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Forbes
From July 18: Considerable research has been done on the importance of company culture. This research has yielded a simple but essential axiom: The team you surround yourself with is the greatest factor in determining company success. As numerous studies indicate, companies perform well when employees are happy, motivated and working toward a common objective. Simply put, companies flourish when people perform well, and a healthy company culture achieves just that.
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Austin American-Statesman
From June 20: You might consider Austin a pretty nice setup. Plenty of sun, a growth rate that cannot be stopped and a wealth of job opportunities.
Despite these prosperous-sounding factors, and despite the whole being named "best place to live in America" for two years in a row, Austin is not included on Rent Cafe's list of the "most prosperous" cities in the country. In fact, four Texas cities were included in the top 10 and none of them were Austin. Or San Antonio. Or Houston. Or even Dallas.
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TOWERS
From April 4: The Domain's most recent office tower project, the rather obviously — named Domain Tower, appeared to distinguish itself from its neighbors in North Austin's largest mixed-use development by not having a number in its name — but despite this momentary break from the norm, the Domain's next office tower will fall back in line and take a number. This time, it's time to say hello to Domain 9.
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Urban Land
From July 11: There are thousands of retail strip centers, built along arterial streets in the 1950s through the 1970s, like the 8.5-acre former Lamar Plaza on South Lamar Boulevard, two miles south of the heart of downtown Austin. Its original 1958 Handy Andy supermarket (later a Piggly Wiggly market) had already been turned into a six-screen Alamo Drafthouse cinema and restaurant in 2005. The former Beall's Department Store had been converted into a Highball nightclub. But the other buildings on the underdeveloped site, including retail and restaurant space and a small apartment building, were outdated.
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Austin American-Statesmen
From Aug. 29: Austin Oaks, an office complex in Northwest Austin that was the focus of a controversial zoning case, is under new ownership.
Spire Realty Group listed the property for sale this year through commercial real estate firm HFF. Executives with HFF said the 12-building complex at Spicewood Springs Road and North Mopac Boulevard (Loop 1) has been sold to the Luzzatto Co., a Los Angeles firm, for an undisclosed price.
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Forbes
When it comes to premises liability claims, in general, the onus is on a business or property owner to ensure reasonable care of the premises. When proven negligent, they can become a target for personal injury attorneys whose aims are supported by statistics.
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Community Impact Newspaper
From May 2: In 2006, the city of Austin approved vertical mixed-use, or VMU, zoning along some of its major transit corridors to accommodate rapid growth.
The goal was density — of housing supply, transit opportunities and uses.
"Mixed-use" refers to the combination of two or more of the following uses — residential, commercial or office — in one building.
Since 2006, at least 10 such VMU developments have sprung up along Lamar Boulevard. Other mixed-use hubs include Burnet Road, East Seventh Street and South Congress Avenue.
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BusinessWire
From Aug. 29: Will Robots Take Over CRE?, a report released by Cushman & Wakefield, examines transformative technologies and how they will impact commercial real estate over the next two decades.
The report is the first in a four-part series that focuses on auto-related technologies such as electric and autonomous vehicles and ridesharing; distributed ledgers such as blockchain and cryptocurrency; and technologies transforming supply chains such as drones, 3D printing and autonomous mobile robotics.
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Forbes
From July 18: Compared to 20 years ago, the current commercial real estate (CRE) market looks pretty grim. With the rise of e-commerce and virtual storefronts, many brick-and-mortar retail locations have decided it's easier and cheaper to close their doors and take the leap into online sales. New retailers are bypassing the CRE game completely, choosing to go fully digital from the start.
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Austin American-Statesman
From July 11: With new zoning in place for its 66-acre site next to The Domain, Brandywine Realty Trust is moving forward with plans to build a large project at its Broadmoor campus in North Austin that could include office, hotel, retail and residential uses.
Broadmoor currently has seven existing buildings and is home to IBM Corp.'s Client Innovation Center. But with the Austin City Council having approved amended zoning for the property in late June, Brandywine envisions much denser development and taller buildings at Broadmoor, a site roughly the size of 16 city blocks.
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BOMA Austin Blurb E-News
BOMA Austin
PO Box 201742
Austin, TX 78720| Phone: 512-529-5070 |
Fax: 512-410-6147
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Steve Brittain, MultiView, Director of Publishing, 469-420-2625
Rebecca Eberhardt, MultiView, Senior Editor, 469-420-2608 | Contribute news to BOMA Austin
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