On the college campus of the future, parking may be a relic

With just one parking space for every five people, on a campus of roughly 65,000, the University of Wisconsin-Madison has one of the lowest parking ratios of any major university in the country.

To reduce the number of cars on campus, parking permits are off-limits to students, who are instead encouraged to walk, bike or take the bus.

Because visitors to the 936-acre campus often have a hard time finding parking, the university’s latest master plan, nearing completion, recommends an additional 2,200 spaces over the next 20 to 40 years. But Gary A. Brown, the director of campus planning, is reluctant to add any spaces right away. When Brown looks into the future, he sees a campus even more reliant on ride-hailing services like Uber and car-sharing services like Zipcar, as well as the likely emergence of autonomous vehicles, trends that could substantially decrease parking demand.

Click to read more at Houston Business Journal.

Getting “loopy” in Texas: How likely is a hyperloop in the Lone Star State?

BY BRANDI SMITH

Imagine being able to make the trip between Houston and Dallas in 30 minutes. We’re not talking about a super-speed flight or even a high-speed train. It would take a hyperloop, a pod traveling at supersonic speeds through a series of pneumatic tubes, to make it happen.

Before you write the idea off as science fiction, Elon Musk – the man behind Tesla and Space X – is promising to make it a reality. The billionaire entrepreneur who’s already changed how we approach auto and rocket travel now seems to have his sights set on this new mode of transportation.

In late July, Musk wrote a series of tweets, starting with, “Just received verbal gov’t. approval for The Boring Company to build an underground NY-Phil-Balt-DC Hyperloop. NY-DC in 29 mins.” He went on to explain that this was a very preliminary step, but encouraged supporters to reach out to their local leaders.

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Texas Central Partners inks deal with city of Houston for bullet train

The city of Houston and Texas Central Partners have confirmed the general site for the Bayou City’s passenger station for the proposed high-speed train between Houston and Dallas.

The city and company signed an agreement Aug. 17 to plan the economic development of the bullet train together, according to a press release.

Click to read more at Houston Business Journal.

Texas second nationally for international CRE investors

WASHINGTON, D.C. – Florida and Texas were the top two states where foreigners purchased and sold commercial property last year, according to survey results released today by the National Association of Realtors. California was the third most popular buyer destination.

The 2017 Commercial Real Estate International Business Trends survey analyzed cross-border commercial real estate transactions made by Realtors during 2016. 

Texas accounted for 19 percent of buyer-side and 17 percent of seller-side transactions nationally. Florida had 26 percent and 38 percent, respectively.

Click to read more at Real Estate Center.

CEOs love Texas: State retains top spot in ranking of best places for business

Texas has built up quite a reputation with CEOs around the nation who have ranked it the No. 1 state for business in Chief Executive magazine’s latest annual list of the Best & Worst States for Business.

It is the 13th consecutive year that Texas has secured the top honor. The new survey also ranks states in various individual categories, and Texas performed well in several. Texas took the top spot in five categories: technology, retail, energy, manufacturing and financial services. It ranked No. 2, trailing only Florida, in both health care and pharmaceuticals/medical products.

Click to read more at Houston Business Journal.