Panelists Corey Clothier (Mobility e3), Rod Schebesch (Stantec), Kelley Coyner (Mobility e3) and Tom Yardley (Stantec)

 
We’re starting to see the impact that self-driving, autonomous vehicles will have on real estate development. It corresponds, interestingly ,with the same trends we saw in the recent WalkUp Wake Up Call for DFW: these will be two major real-estate-driven boons to our local economy that will change the landscape of our cities over the next few decades.
 
If you’ve been following the autonomous vehicle conversation, you know there are LOTS of different companies working on AV technology with a variety of different applications, from long-haul platooning to neighborhood delivery robots and everything in between. Experts from Mobility e3 & Stantec broke down the real estate impacts of AVs at a panel discussion hosted by Munsch Hardt law firm.
 
Bottom line, the AV technology with the greatest impact on local real estate development will be the AVs adept at navigating high pedestrian densities. That is, once the novelty wears off and people stop jumping out, playing with, and laying in front of them, making for a very long and jerky ride. There are a few companies honing this technology for high-density, mixed-use areas where originations and destinations are within relatively close proximity. Navya is one. It’s a French company that built one of the first driverless vehicles and has been operating a driverless shuttle minibus in Las Vegas. They just delivered a public bus fleet to Oslo, Norway.
 
All but one of the prototype vehicles in use in the U.S. now are small vehicles carrying 4-8 passengers.

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Texas Assoc Realtors Int Buyers 2

Of all the international purchases in America, 12 percent of buyers from abroad purchase in Texas, according to the 2014 Texas International Homebuyer Report from the Texas Association of Realtors. Those buyers accounted for a total of $11.06 billion in sales between March 2013 and March 2014, the report says, making the great state the third most popular market for international buyers.

“The Texas housing market is not only strong in sales volume, but in its diversity,” said TAR chairman Dan Hatfield. “The demand for Texas homes stretches around the world. International homebuyers increasingly view Texas homes as a good investment, and as our economy has grown, so has the number of international homebuyers in our state.”

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