RECA Weekly NewsWire
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February 5, 2015 In This Issue
Top Stories
Advocacy
Local News
National News
Events
Top Stories
Construction activity around downtown Austin doesn’t seem to be slowing down anytime soon, and sometimes it can be hard to keep track of all the projects that are underway.
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The fastest-growing metro areas in the United States year over year in 2014 – including both employment growth and GDP per capita growth combined – were (in order beginning with the strongest): Austin, Houston, Raleigh, Fresno and Dallas.
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Now that 2015 is well underway, CodeNEXT is launching into its next phase, which will include working group meetings to address affordability, "missing middle" housing, and obstacles for small businesses.
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Advocacy
Texas Senate leaders on Tuesday made a commitment to $4 billion in tax relief a clear priority in their budget, along with border security and transportation funding.
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The West Lake Hills City Council agreed Jan. 14 to negotiate a $45,000 contract, or $4,500 a month from January through October, with Focused Advocacy for its legislative services. The city successfully worked with Focused Advocacy President Brandon Aghamalian twice before—to pass a house bill regarding fire flow and to help secure funding for the Bee Caves Road expansion.
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Naylor, LLC
Naylor Association Solutions
Local News
5th + Colorado is an 18-story office building from Lincoln Property Company currently under construction in the Warehouse District. When complete, there will be 179,000 rentable square feet of office space available.
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When young college graduates decide where to move, they are not just looking at the usual suspects, like New York, Washington and San Francisco.
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Joining forces with a top firm is one way for a commercial real estate services firm to facilitate a nationwide expansion plan, and Lee & Associates has done just that.
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Internet job search company Indeed said Wednesday it’s planning a surge of growth that could add 1,000 employees to its staff, and is moving to a larger campus in Northwest Austin to get ready for the expansion.
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At many U.S. banks, such as Bank of America (NYSE: BAC ) and Wells Fargo (NYSE: WFC ) , the dramatic plunge in oil prices over the past few months won't have a significant impact on stock prices. Those two banks are huge, diversified, and hedged against volatile commodities.

Other banks aren't so lucky. One of those is Prosperity Bancshares, headquartered in Houston, with its $21 billion in total assets.
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National News
A|P Companies, a Miami-based real estate company is expanding its apartment holdings in Georgia and Texas with the acquisition of six Class A multi-family communities for more than $200 million.
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We believe these increases are the direct result of corporate real estate professionals assuming more strategic roles and taking on more leadership positions," says CoreNet Global’s Angela Cain.
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A $2 million share of the tax-free Liberty bonds being used to finance Silverstein Properties’ 3 World Trade Center in Lower Manhattan is being offered by crowdfunding platform Fundrise.
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Auction.com, LLC, the nation's leading online real estate marketplace, has expanded its highly successful hospitality business with the formation of a new division focused specifically on the sale of hotel properties.
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Events
Date: 2/19/2015

Time: 6:00 pm - 11:00 pm

JW Marriott
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This webinar will provide professionals who are new to the commercial real estate industry or those who are interested with a basic overview of the commercial development process.
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