RECA Weekly NewsWire
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January 29, 2015 In This Issue
Top Stories
Advocacy
Local News
National News
Events
Top Stories
Buzzwords like "jobs," "entrepreneurship," and "creativity" often come up in discussions about Austin’s population and building boom of the last decade. Now there’s another word entering the conversation: affordability.
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RECA unveiled our white paper on affordability in the region earlier this month. Affordable Austin: Building the Housing We Need at Prices We Can Afford quantifies Austin’s housing shortage and sets a target for how our community can meet the demands of our rapidly growing city.
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After more than a year of talks, one of Texas’ largest retail real estate firms has merged with an international company.
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While the average person thinks that the economy of Texas is all about oil and ranching, that’s just not true any more. The economy of Texas has become much more diversified over the last few decades, and is supported by a strong technology manufacturing base as well as growing agriculture, mining, and software industries, and of course oil and gas production and services.
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If you would like to review earlier issues of RECA Weekly Newswire from 2015, you can click below or you can access the Archive/Subscribe link on the top left of your newsletters....
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Advocacy
The Real Estate Roundtable commends the Senate's bipartisan vote (94-5) today to authorize the U.S. Environmental Protection Agency to create a voluntary "Tenant Star" program. "Tenant Star" would provide national branding recognition to encourage landlord and tenant teams to design, construct and operate within leased spaces in commercial buildings that achieve high levels of energy performance.
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Naylor, LLC
Naylor Association Solutions
Local News
The Lone Star Rail is one solution to an ever-growing regional transportation issue. Austin and San Antonio are two of the fastest growing cities in the country, with many municipalities in between experiencing significant growth as well. Travel delays on I-35 averaged 35 minutes in 2004, 75 minutes in 2010, and are projected to be 3 hours by 2030. Lone Star Rail will be a part of the solution to mitigating increased congestion on I-35.
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Transwestern today announces it has been named one of the 2015 "Best Companies to Work for in Texas" by Texas Monthly magazine, marking the ninth consecutive year the commercial real estate firm has been recognized.
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RealMassive, the first data provider to deliver open access to the commercial real estate industry, today announces its platform is now available to the Chicago market.
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The Georgetown 2015 Road Bond Committee recommended Georgetown City Council consider a $220 million bond proposal for 22 road projects.
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The recent dramatic drop in oil prices has brought with it fears that the Texas "economic miracle" of the last decade will come to an abrupt halt.
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Fort Worth was one of five finalists for the multi-billion dollar battery "gigafactory" that Tesla Motors awarded last year to Reno, Nev., and is well-positioned to compete for future factories that the automaker may build.
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National News
Commercial real estate investors are flocking to secondary and even tertiary markets in search of yield.
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Owning commercial real estate is an investment. Like any investment, there are risks associated with buying, holding, leasing and selling property.
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Property shoppers nationwide who buy at auctions currently prefer to rent out their properties than sell them to make a quick sales profit - known as flipping.

Moreover, Southern states are the most likely to lease the homes, townhomes or condos, with just more than 40 percent looking to flip.
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Events
2/19/2015
6:00 pm - 11:00 pm

JW Marriott
111 Congress Ave.
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